0001104659-11-070646 Sample Contracts

AvalonBay Communities, Inc. 671 N. Glebe Road, Suite 800 Arlington, VA 22203 December 16, 2011
Termination Agreement • December 21st, 2011 • Avalonbay Communities Inc • Real estate investment trusts • Maryland

Pursuant to the terms of the AvalonBay Communities, Inc. 2009 Stock Option and Incentive Plan (the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”) and for other good and valuable consideration, 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 Plan or in the Terms, as applicable.

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AvalonBay Communities, Inc. 671 N. Glebe Road, Suite 800 Arlington, VA 22203 December 16, 2011
Employment Agreement • December 21st, 2011 • Avalonbay Communities Inc • Real estate investment trusts • Virginia
AvalonBay Communities, Inc. 671 N. Glebe Road, Suite 800 Arlington, VA 22203 December 16, 2011
Employment Agreement • December 21st, 2011 • Avalonbay Communities Inc • Real estate investment trusts • Maryland

Pursuant to the terms of the AvalonBay Communities, Inc. 2009 Stock Option and Incentive Plan (the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”) and for other good and valuable consideration, 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 Plan or in the Terms, as applicable.

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