0001266454-04-000086 Sample Contracts

SEVERANCE BENEFITS AGREEMENT
Severance Benefits Agreement • August 31st, 2004 • Glimcher Realty Trust • Real estate investment trusts • Maryland

AGREEMENT, dated as of August 30, 2004, by and among GLIMCHER REALTY TRUST, a Maryland real estate investment trust, with offices at 150 East Gay Street, Columbus, Ohio 43215 (“GRT”), GLIMCHER PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership, with offices at 150 East Gay Street, Columbus, Ohio 43215 (“GPLP”), and MARK E. YALE, an individual residing at 8825 Somerset Lane, Germantown, TN 38138 (the “Executive”).

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