between
MART and F.▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and MART and ▇▇▇▇ ▇.
▇▇▇▇▇▇▇▇
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO THE EMPLOYMENT
AGREEMENT (this "Amendment") is made this 1st day of December,
1995, by and between F. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (the "Executive") and
MID-ATLANTIC REALTY TRUST (the "Company") .
EXPLANATORY NOTE
The Executive and BTR Realty, Inc ("BTR") entered into an
Employment Agreement (the "Employment Agreement") on October 1,
1992. BTR merged with and into the Company on September 13, 1993,
and the Company assumed all of the obligations of BTR under the
Employment Agreement. The Company and the Executive now desire to
amend the Employment Agreement in the manner described below.
NOW, THEREFORE, the Company and the Executive
agree as follows:
1. Clause (i) of Section 4.1(a) is hereby amended by
deleting such clause in its entirety and substituting the following in lieu
thereof :
"(i) the close of business on the second anniversary
following the date the Corporation notifies the Executive in writing of
termination of the Executive's employment under this Agreement,"
2. Section 4.1.(b) of the Employment Agreement is
deleted in its entirety.
3. Section 4.5.(a) of the Employment Agreement is
amended by deleting the semi-colon in the first sentence thereof and
replacing it with a period, and by deleting the remainder of such Section in
its entirety.
4. All other terms and provisions of the Employment
Agreement shall continue in full force and effect, without modification,
except as specifically set forth herein.
IN WITNESS WHEREOF, the parties have executed and
delivered this Amendment as of the date first above written.
ATTEST: MID-ATLANTIC REALTY
TRUST
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. Hoffberber
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇,
Chairman of the Board
WITNESS:
_______________________________ /s/ F. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
F. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
C62131a.609
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO THE EMPLOYMENT
AGREEMENT (this "Amendment") is made this 1st day of December,
1995, by and between ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ (the "Executive") and
MID-ATLANTIC REALTY TRUST (the "Company") .
EXPLANATORY NOTE
The Executive and BTR Realty, Inc ("BTR") entered into an
Employment Agreement (the "Employment Agreement") on October 1,
1992. BTR merged with and into the Company on September 13, 1993,
and the Company assumed all of the obligations of BTR under the
Employment Agreement. The Company and the Executive now desire to
amend the Employment Agreement in the manner described below.
NOW, THEREFORE, the Company and the Executive
agree as follows:
5. Clause (i) of Section 4.1(a) is hereby amended by
deleting such clause in its entirety and substituting the following in lieu
thereof :
"(i) the close of business on the second anniversary
following the date the Corporation notifies the Executive in writing of
termination of the Executive's employment under this Agreement,"
6. Section 4.1.(b) of the Employment Agreement is
deleted in its entirety.
7. Section 4.5.(a) of the Employment Agreement is
amended by deleting the semi-colon in the first sentence thereof and
replacing it with a period, and by deleting the remainder of such Section in
its entirety.
8. All other terms and provisions of the Employment
Agreement shall continue in full force and effect, without modification,
except as specifically set forth herein.
IN WITNESS WHEREOF, the parties have executed and
delivered this Amendment as of the date first above written.
ATTEST: MID-ATLANTIC REALTY
TRUST
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. Hoffberber
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇,
Chairman of the Board
WITNESS:
_______________________________ /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
