Cornerstone Realty Income Trust Inc Sample Contracts

Cornerstone Realty Income Trust Inc – FIRST AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN CORNERSTONE REALTY INCOME TRUST, INC. AND GLADE M. KNIGHT (March 16th, 2005)

FIRST AMENDMENT, dated September 21, 2004, to the Employment Agreement between Cornerstone Realty Income Trust, Inc. (the “Company”) and Glade M. Knight (the “Executive”). The Company and the Executive entered into an Employment Agreement as of October 1, 2001. Pursuant to Section 15 of the Employment Agreement, the Company and the Executive have the power to amend the Employment Agreement and now wish to do so.

Cornerstone Realty Income Trust Inc – Performance Bonus Agreement (March 16th, 2005)

This Performance Bonus Agreement is made this 16th day of December, 2004 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and Gustav G. Remppies (the “Executive”).

Cornerstone Realty Income Trust Inc – Performance Bonus Agreement (March 16th, 2005)

This Performance Bonus Agreement is made this 16th day of December, 2004 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and David L. Carneal (the “Executive”).

Cornerstone Realty Income Trust Inc – Performance Bonus Agreement (March 16th, 2005)

This Performance Bonus Agreement is made this 25th day of February, 2005 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and S. J. Olander, Jr. (the “Executive”).

Cornerstone Realty Income Trust Inc – FIRST AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN CORNERSTONE REALTY INCOME TRUST, INC. AND STANLEY J. OLANDER, JR. (March 16th, 2005)

FIRST AMENDMENT, dated September 21, 2004, to the Employment Agreement between Cornerstone Realty Income Trust, Inc. (the “Company”) and Stanley J. Olander, Jr. (the “Executive”). The Company and the Executive entered into an Employment Agreement as of October 1, 2001. Pursuant to Section 15 of the Employment Agreement, the Company and the Executive have the power to amend the Employment Agreement and now wish to do so.

Cornerstone Realty Income Trust Inc – Agreement Evidencing Waiver of Performance Bonus (March 16th, 2005)

This Agreement Evidencing Waiver of Performance Bonus is made this 25th day of February, 2005 by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone”) and Glade M. Knight (the “Executive”).

Cornerstone Realty Income Trust Inc – AMENDMENT TO CORNERSTONE REALTY INCOME TRUST, INC. EXECUTIVE SEVERANCE PLAN (February 9th, 2005)

WHEREAS, Cornerstone Realty Income Trust, Inc. (the “Company”) established the Executive Severance Plan, effective October 25, 2004 (the “Plan”), for the benefit of its eligible executives;

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated August 1, 2000 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Glade M. Knight (the “Executive”).

Cornerstone Realty Income Trust Inc – AMENDMENT TO CORNERSTONE REALTY INCOME TRUST, INC. EXECUTIVE SEVERANCE PLAN (February 9th, 2005)

WHEREAS, Cornerstone Realty Income Trust, Inc. (the “Company”) established the Executive Severance Plan, effective October 25, 2004 (the “Plan”), for the benefit of its eligible executives;

Cornerstone Realty Income Trust Inc – AMENDMENT TO CORNERSTONE REALTY INCOME TRUST, INC. EXECUTIVE SEVERANCE PLAN (February 9th, 2005)

WHEREAS, Cornerstone Realty Income Trust, Inc. (the “Company”) established the Executive Severance Plan, effective October 25, 2004 (the “Plan”), for the benefit of its eligible executives;

Cornerstone Realty Income Trust Inc – AMENDMENT TO CORNERSTONE REALTY INCOME TRUST, INC. EXECUTIVE SEVERANCE PLAN (February 9th, 2005)

WHEREAS, Cornerstone Realty Income Trust, Inc. (the “Company”) established the Executive Severance Plan, effective October 25, 2004 (the “Plan”), for the benefit of its eligible executives;

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and David L. Carneal (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated August 1, 2000 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and S. J. Olander, Jr. (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and David L. Carneal (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated August 1, 2000 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Glade M. Knight (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Gustav G. Remppies (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Gustav G. Remppies (the “Executive”).

Cornerstone Realty Income Trust Inc – Contract (February 9th, 2005)

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated August 1, 2000 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and S. J. Olander, Jr. (the “Executive”).

Cornerstone Realty Income Trust Inc – AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER among COLONIAL PROPERTIES TRUST, CLNL ACQUISITION SUB LLC, and CORNERSTONE REALTY INCOME TRUST, INC. Dated as of January 24, 2005 (January 28th, 2005)

THIS AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER (this “Amendment”), is entered into as of January 24, 2005 (the “Effective Date”), by Colonial Properties Trust, an Alabama real estate investment trust (“Colonial”), CLNL Acquisition Sub LLC, a Delaware limited liability company (“Colonial Merger Sub”), and Cornerstone Realty Income Trust, Inc., a Virginia corporation (“Cornerstone”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement and Plan of Merger, dated as of October 25, 2004 (the “Merger Agreement”).

Cornerstone Realty Income Trust Inc – VOTING AGREEMENT THOMAS H. LOWDER (October 29th, 2004)

THIS VOTING AGREEMENT (this “Agreement”) is entered into as of October 25, 2004 by and among Cornerstone Realty Income Trust, Inc., a Virginia corporation (“Cornerstone”) and Thomas H. Lowder (such person, together with the other signatories hereto (other than Cornerstone), individually and collectively, the “Colonial Securityholder”).

Cornerstone Realty Income Trust Inc – VOTING AGREEMENT (GLADE M. KNIGHT) (October 29th, 2004)

THIS VOTING AGREEMENT (this “Agreement”) is entered into as of October 25, 2004 by and among COLONIAL PROPERTIES TRUST, an Alabama real estate investment trust (“Colonial”) and GLADE M. KNIGHT AND JAMN LTD PARTNERSHIP LLC (such persons individually and collectively, the “Cornerstone Securityholder”).

Cornerstone Realty Income Trust Inc – CORNERSTONE REALTY INCOME TRUST, INC. EXECUTIVE SEVERANCE PLAN Adopted As of October 25, 2004 (October 29th, 2004)

Cornerstone Realty Income Trust, Inc., a Virginia corporation, (the “Company”) established the Cornerstone Realty Income Trust, Inc. Executive Severance Plan (the “Plan”), effective October 25, 2004, for the benefit of its eligible executives. The purpose of the Plan is to provide security to eligible executives in the event of a termination of employment under defined circumstances.

Cornerstone Realty Income Trust Inc – CHANGE IN CONTROL AGREEMENT (October 29th, 2004)

THIS AGREEMENT dated as of October 25, 2004 (“Agreement Date”) is made by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone” or the “Company”), a Virginia corporation, and Gustav G. Remppies (the “Executive”).

Cornerstone Realty Income Trust Inc – VOTING AGREEMENT THOMAS H. LOWDER (October 29th, 2004)

THIS VOTING AGREEMENT (this “Agreement”) is entered into as of October 25, 2004 by and among Cornerstone Realty Income Trust, Inc., a Virginia corporation (“Cornerstone”) and Thomas H. Lowder (such person, together with the other signatories hereto (other than Cornerstone), individually and collectively, the “Colonial Securityholder”).

Cornerstone Realty Income Trust Inc – CHANGE IN CONTROL AGREEMENT (October 29th, 2004)

THIS AGREEMENT dated as of October 25, 2004 (“Agreement Date”) is made by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone” or the “Company”), a Virginia corporation, and David L. Carneal (the “Executive”).

Cornerstone Realty Income Trust Inc – CHANGE IN CONTROL AGREEMENT (October 29th, 2004)

THIS AGREEMENT dated as of October 25, 2004 (“Agreement Date”) is made by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone” or the “Company”), a Virginia corporation, and David L. Carneal (the “Executive”).

Cornerstone Realty Income Trust Inc – AGREEMENT AND PLAN OF MERGER among COLONIAL PROPERTIES TRUST, CLNL ACQUISITION SUB LLC, and CORNERSTONE REALTY INCOME TRUST, INC. Dated as of October 25, 2004 (October 29th, 2004)

THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of October 25, 2004, by and among COLONIAL PROPERTIES TRUST, an Alabama real estate investment trust (“Colonial”), CLNL ACQUISITION SUB LLC, a Delaware limited liability company (“Colonial Merger Sub”), and CORNERSTONE REALTY INCOME TRUST, INC., a Virginia corporation (“Cornerstone”).

Cornerstone Realty Income Trust Inc – Cornerstone Realty Income Trust, Inc. (October 29th, 2004)

BIRMINGHAM, Ala., October 25, 2004—Colonial Properties Trust (NYSE: CLP), a real estate investment trust (REIT) that owns a diversified portfolio of multifamily, office and retail properties, and Cornerstone Realty Income Trust, Inc. (NYSE: TCR) (“Cornerstone”), a Richmond, Virginia-based REIT focused on multifamily communities, today announced that they have entered into a definitive merger agreement under which Cornerstone will merge into Colonial Properties. The total transaction value, including the assumption or repayment of Cornerstone debt, is approximately $1.5 billion, or $10.80 per share, based on Colonial Properties’ closing price as of October 22, 2004. The transaction is expected to close during the first quarter of 2005.

Cornerstone Realty Income Trust Inc – VOTING AGREEMENT (GLADE M. KNIGHT) (October 29th, 2004)

THIS VOTING AGREEMENT (this “Agreement”) is entered into as of October 25, 2004 by and among COLONIAL PROPERTIES TRUST, an Alabama real estate investment trust (“Colonial”) and GLADE M. KNIGHT AND JAMN LTD PARTNERSHIP LLC (such persons individually and collectively, the “Cornerstone Securityholder”).

Cornerstone Realty Income Trust Inc – CHANGE IN CONTROL AGREEMENT (October 29th, 2004)

THIS AGREEMENT dated as of October 25, 2004 (“Agreement Date”) is made by and between Cornerstone Realty Income Trust, Inc. (“Cornerstone” or the “Company”), a Virginia corporation, and Gustav G. Remppies (the “Executive”).

Cornerstone Realty Income Trust Inc – FIRST AMENDMENT TO THE CORNERSTONE REALTY INCOME TRUST, INC. 1992 INCENTIVE PLAN AMENDED AND RESTATED EFFECTIVE JULY 1, 2002 (August 9th, 2004)

This FIRST AMENDMENT is dated as of May 25, 2004, to the Cornerstone Realty Income Trust, Inc. 1992 Incentive Plan amended and restated effective July 1, 2002 (the “Plan”) by Cornerstone Realty Income Trust, Inc. (the “Company”).

Cornerstone Realty Income Trust Inc – FIRST AMENDMENT TO THE CORNERSTONE REALTY INCOME TRUST, INC. 1992 NON-EMPLOYEE DIRECTORS STOCK OPTION PLAN AMENDED AND RESTATED EFFECTIVE JULY 1, 2002 (August 9th, 2004)

This FIRST AMENDMENT is dated as of May 25, 2004, to the Cornerstone Realty Income Trust, Inc. 1992 Non-Employee Directors Stock Option Plan amended and restated effective July 1, 2002 (the “Plan”) by Cornerstone Realty Income Trust, Inc. (the “Company”).

Cornerstone Realty Income Trust Inc – EMPLOYMENT SEPARATION AND CONSULTING AGREEMENT (May 6th, 2004)

This AGREEMENT is made as of March 31, 2004, between DEBRA A. JONES (“Jones”) and CORNERSTONE REALTY INCOME TRUST, INC., and its affiliates, subsidiaries, parent, predecessors, successors and assigns (referred to herein, collectively and individually, as “Cornerstone” or the “Company”).

Cornerstone Realty Income Trust Inc – Cornerstone Realty Income Trust, Inc. (November 6th, 2003)

RICHMOND, Va., November 5, 2003 —- Cornerstone Realty Income Trust, Inc. (NYSE: TCR) today reported operating results for the third quarter and first nine months ended September 30, 2003.

Cornerstone Realty Income Trust Inc – Cornerstone Realty Income Trust, Inc. (October 7th, 2002)

RICHMOND, Va., October 7, 2002 — Cornerstone Realty Income Trust, Inc. today announced that management expects 2003 per share Funds from Operations (FFO) to be in the range of $1.00 to $1.05. The company also announced that as a result of that forecast, effective April 2003, Cornerstone’s dividend policy will be to pay a regular quarterly cash dividend of $0.20 per common share.