Exhibit 10.1 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT (this "AGREEMENT") made as of the 1st day of July, 2003 (the "EFFECTIVE DATE") by and between Thomas J. Sargeant ("EXECUTIVE") and AvalonBay Communities, Inc., a Maryland corporation (the...Employment Agreement • July 7th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
