FORM OF AVALONBAY COMMUNITIES, INC. EMPLOYEE STOCK GRANT AND RESTRICTED STOCK AGREEMENTEmployee Stock Grant and Restricted Stock Agreement • December 14th, 2004 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
Pursuant to the terms of the AvalonBay Communities, Inc. Amended and Restated 1994 Stock Incentive Plan )(as amended from time to time, the “Plan”), in consideration for services rendered and to be rendered to AvalonBay Communities, Inc. (the “Company”) and for other good and valuable consideration, which the Company has determined to be equal to the fair market value of the Shares, as defined below, the Company is issuing to the Employee named below contemporaneously herewith the Shares, upon the terms and conditions set forth herein and in the Restricted Stock Agreement Terms (the “Terms”) which are attached hereto and incorporated herein in their entirety. Capitalized terms used but not defined herein shall have the respective meanings ascribed thereto in the Terms.
