0001193125-05-052586 Sample Contracts

Performance Bonus Agreement
Performance Bonus Agreement • March 16th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Virginia

This Performance Bonus Agreement is made this 16th day of December, 2004 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and Gustav G. Remppies (the “Executive”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN CORNERSTONE REALTY INCOME TRUST, INC. AND STANLEY J. OLANDER, JR.
Employment Agreement • March 16th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

FIRST AMENDMENT, dated September 21, 2004, to the Employment Agreement between Cornerstone Realty Income Trust, Inc. (the “Company”) and Stanley J. Olander, Jr. (the “Executive”). The Company and the Executive entered into an Employment Agreement as of October 1, 2001. Pursuant to Section 15 of the Employment Agreement, the Company and the Executive have the power to amend the Employment Agreement and now wish to do so.

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN CORNERSTONE REALTY INCOME TRUST, INC. AND GLADE M. KNIGHT
Employment Agreement • March 16th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

FIRST AMENDMENT, dated September 21, 2004, to the Employment Agreement between Cornerstone Realty Income Trust, Inc. (the “Company”) and Glade M. Knight (the “Executive”). The Company and the Executive entered into an Employment Agreement as of October 1, 2001. Pursuant to Section 15 of the Employment Agreement, the Company and the Executive have the power to amend the Employment Agreement and now wish to do so.

Agreement Evidencing Waiver of Performance Bonus
Waiver of Performance Bonus • March 16th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Virginia

This Agreement Evidencing Waiver of Performance Bonus is made this 25th day of February, 2005 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and Glade M. Knight (the “Executive”).

Performance Bonus Agreement
Performance Bonus Agreement • March 16th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts • Virginia

This Performance Bonus Agreement is made this 25th day of February, 2005 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and S. J. Olander, Jr. (the “Executive”).

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