0001299933-12-000204 Sample Contracts

RAIT FINANCIAL TRUST 2008 INCENTIVE AWARD PLAN SHARE APPRECIATION RIGHTS AWARD AGREEMENT
Share Appreciation Rights Award Agreement • January 26th, 2012 • RAIT Financial Trust • Real estate investment trusts • Maryland

This SHARE APPRECIATION RIGHTS AWARD AGREEMENT, dated as of [ ] (the “Date of Grant”), is delivered by RAIT Financial Trust (“RAIT”), to [Name of Employee] (the “Participant”).

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