FORM OF AVALONBAY COMMUNITIES, INC. EMPLOYEE STOCK GRANT AND RESTRICTED STOCK AGREEMENTEmployee Stock Grant and Restricted Stock Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
Pursuant to the terms of the AvalonBay Communities, Inc. Amended and Restated 1994 Stock Incentive Plan )(as amended from time to time, the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”) and for other good and valuable consideration, which the Company has determined to be equal to the fair market value of the Shares, as defined below, the Company is issuing to the Employee named below contemporaneously herewith the Shares, upon the terms and conditions set forth herein and in the Restricted Stock Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety. Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Terms.
FORM OF AVALONBAY COMMUNITIES, INC. EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT (1994 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED)Employee Incentive Stock Option Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts
Pursuant to the AvalonBay Communities, Inc. 1994 Stock Incentive Plan, as amended and restated (the “Plan”), AvalonBay Communities, Inc. (the “Company”) hereby grants to the Optionee named below an Option to purchase up to the number of shares of the Company’s Common Stock, par value $.01 per share (“Common Stock”) set forth below. This option is subject to all of the terms and conditions as set forth herein, in the Incentive Stock Option Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety, and in the Plan. Capitalized terms used but not defined herein or in the Terms shall have the respective meanings ascribed thereto in the Plan.
FORM OF AVALONBAY COMMUNITIES, INC. DIRECTOR RESTRICTED STOCK AGREEMENTDirector Restricted Stock Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
Pursuant to the terms of the AvalonBay Communities, Inc. Amended and Restated 1994 Stock Incentive Plan (as amended from time to time, the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”), in order to advance the interests of the Company and its stockholders and effect the intended purposes of the Plan, and for other good and valuable consideration, which the Company has determined to be equal to the fair market value of the Shares, as defined below, the Company is issuing to the Director named below contemporaneously herewith the Shares, upon the terms and conditions set forth herein and in the Restricted Stock Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety. Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Terms.
FORM OF AVALONBAY COMMUNITIES, INC. DIRECTOR RESTRICTED UNIT AGREEMENTDirector Restricted Unit Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
Pursuant to the terms of the AvalonBay Communities, Inc. Amended and Restated 1994 Stock Incentive Plan (as amended from time to time, the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”), in order to advance the interests of the Company and its stockholders and effect the intended purposes of the Plan, and for other good and valuable consideration, which the Company has determined to be equal to the fair market value of the Units, as defined below, the Company is awarding to the Director named below contemporaneously herewith the Units, upon the terms and conditions set forth herein and in the Restricted Unit Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety. Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Terms.
FORM OF AVALONBAY COMMUNITIES, INC. EMPLOYEE NON-QUALIFIED STOCK OPTION AGREEMENT (1994 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED)Employee Non-Qualified Stock Option Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts
Pursuant to the AvalonBay Communities, Inc. 1994 Stock Incentive Plan, as amended and restated (the “Plan”), AvalonBay Communities, Inc. (the “Company”) hereby grants to the Optionee named below an Option to purchase up to the number of shares of the Company’s Common Stock, par value $.01 per share (“Common Stock”) set forth below. This option is subject to all of the terms and conditions as set forth herein, in the Non-Qualified Stock Option Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety, and in the Plan. Capitalized terms used but not defined herein or in the Terms shall have the respective meanings ascribed thereto in the Plan.
