0001047469-08-006787 Sample Contracts

THE MACERICH COMPANY LTIP UNITS AWARD AGREEMENT
Ltip Units Award Agreement • May 19th, 2008 • Macerich Co • Real estate investment trusts • Delaware

LTIP UNITS AWARD AGREEMENT made as of the date set forth on Schedule A hereto between The Macerich Company, a Maryland corporation (the "Company"), its subsidiary The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the "Partnership"), and the party listed on Schedule A (the "Grantee").

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FORM OF EMPLOYEE STOCK APPRECIATION RIGHT AGREEMENT THE MACERICH COMPANY EMPLOYEE STOCK APPRECIATION RIGHT AGREEMENT 2003 EQUITY INCENTIVE PLAN
Employee Stock Appreciation Right Agreement • May 19th, 2008 • Macerich Co • Real estate investment trusts • Maryland

THIS AGREEMENT is among THE MACERICH COMPANY, a Maryland corporation (the "Corporation"), THE MACERICH PARTNERSHIP, L.P., a Delaware limited partnership (the "Operating Partnership"), and is granted pursuant to and subject to The Macerich Company 2003 Equity Incentive Plan, as amended (the "Plan"). Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned by the Plan.

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