AFFORDABLE RESIDENTIAL COMMUNITIES INC. RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • May 13th, 2005 • Affordable Residential Communities Inc • Real estate investment trusts • Maryland
RESTRICTED STOCK AGREEMENT, made as of the date set forth on the Notice of Grant of Restricted Stock, by and between Affordable Residential Communities Inc., a Maryland corporation (the “Company”), pursuant to the Affordable Residential Communities Inc. 2003 Equity Incentive Plan (the “Plan”) and the employee or director of the Company or an Affiliate named on the Notice of Grant of Restricted Stock (the “Participant”). Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.
