EXECUTIVE RETENTION AGREEMENTExecutive Retention Agreement • August 9th, 2007 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland
THIS EXECUTIVE RETENTION AGREEMENT (the “Agreement”), made and entered into as of the 1st day of July, 2007, by and between American Community Properties Trust, a Maryland real estate investment trust (together with its subsidiaries, the “Company”), American Rental Management Company, a Delaware corporation (“ARMC”), and Edwin L. Kelly (the “Executive”), a resident of Maryland.
