June 30, 2008 Michael A. Ernst 5914 Norway Road Dallas, TX 75230 Re: Separation of Employment from UDR, Inc. Dear Mike:Letter Agreement • July 3rd, 2008 • UDR, Inc. • Real estate investment trusts • Colorado
As we have discussed, your employment with UDR, Inc. (the “Company”) will end effective July 31, 2008 (the “Separation Date”). This letter (this “Letter Agreement”) reflects our agreement with respect to the separation of your employment with the Company.
