0001193125-08-038853 Sample Contracts

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT ISSUED PURSUANT TO THE
Restricted Share Unit and Dividend Equivalent Rights Award Agreement • February 26th, 2008 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts • Pennsylvania

This RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT (the “Award Agreement”), dated as of the 20th day of February, 2008, is between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (the “Trust”), and (the “Grantee”), a “Key Employee” under the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan (the “Plan”).

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PENNSYLVANIA REAL ESTATE INVESTMENT TRUST RESTRICTED SHARE AWARD AGREEMENT [2008 Template for Awards to EVPs and Members of Office of the Chair]
Restricted Share Award Agreement • February 26th, 2008 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts • Pennsylvania

This RESTRICTED SHARE AWARD AGREEMENT (the “Award Agreement”), dated as of the 20th day of February, 2008 (the “Award Date”), is between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (the “Trust”), and (the “Grantee”), a “Key Employee,” as defined in the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan (the “Plan”).

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • February 26th, 2008 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts

This Amendment to Employment Agreement (this “Amendment”) is entered into between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (“Company”), and [Insert name] (“Executive”), effective as of , .

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • February 26th, 2008 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts

This Amendment to Employment Agreement (this “Amendment”) is entered into between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (the “Trust”), and Edward Glickman (“Executive”), effective as of February 26, 2008.

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