EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 3rd, 2016 • STAG Industrial, Inc. • Real estate investment trusts • Massachusetts
This EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of February 25, 2016 (“Effective Date”), by and among STAG INDUSTRIAL, INC., a Maryland corporation (“Company”), STAG INDUSTRIAL OPERATING PARTNERSHIP, L.P. (“Partnership”), a Delaware limited partnership, and WILLIAM R. CROOKER (“Executive”) to affirm the terms and conditions of Executive’s employment.
PERFORMANCE AWARDPerformance Award • May 3rd, 2016 • STAG Industrial, Inc. • Real estate investment trusts • Massachusetts
This Performance Award Agreement (the “Agreement”), effective as of _____________, 2016 (the “Grant Date”), sets forth the terms under which _____________ (the “Grantee”) is granted an Award in the target amount (the “Target Amount”) of _____________ Performance Award Share Units (each, an “Award Share,” and collectively, the “Award Shares”) that, upon satisfaction of the performance conditions set forth in Sections 3 and/or 6 below would, to the extent earned, be converted into shares of Common Stock of STAG Industrial, Inc., a Maryland corporation (the “Company”) (the “Restricted Shares”). As described below, the actual number of Award Shares earned and settled as Restricted Shares is notionally based on the Target Amount of Award Shares and may increase or decrease depending upon the satisfaction of certain performance criteria, with a maximum of _____________ Award Shares (the “Maximum Amount”) available under this Agreement. This Agreement is an Award issued pursuant to the STAG I
