Re: Transition and Separation Agreement and ReleaseEasterly Government Properties, Inc. • December 7th, 2023 • Real estate investment trusts • New York
Reference is made to: (i) the Employment Agreement by and among you, Easterly Government Properties Services LLC (the “Employing Entity”), Easterly Government Properties LP (the “Partnership”), and Easterly Government Properties, Inc. (the “Company”, and together with the Employing Entity and the Partnership, the “Easterly Entities”), dated as of January 30, 2015 (the “Employment Agreement”); (ii) the Company’s 2015 Equity Incentive Plan (as amended from time to time, the “Plan”); (iii) those certain (a) TSR Performance LTIP Unit Award Agreements, (b) Time-Based LTIP Unit Award Agreements, and (c) Operational Performance LTIP Unit Award Agreements, in each case, granted to you by the Company with grant dates of January 4, 2021, January 3, 2022, and January 3, 2023 (the “Equity Awards”); and (iv) the Amended and Restated Agreement of Limited Partnership of the Partnership (as amended from time to time, the “LP Agreement”, and together with the Plan and the Equity Awards, the “Equity Doc
