Exhibit 10.1 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into by and between BNP Residential Properties, Inc. (the "Company"), and Phililp S. Payne (the "Executive"), effective as of August 1, 2005 (the "Effective...Employment Agreement • March 9th, 2006 • BNP Residential Properties Inc • Real estate investment trusts • North Carolina
Contract Type FiledMarch 9th, 2006 Company Industry Jurisdiction