RETIREMENT AND TRANSITION AGREEMENTRetirement and Transition Agreement • January 21st, 2022 • National Retail Properties, Inc. • Real estate investment trusts • Florida
THIS RETIREMENT AND TRANSITION AGREEMENT (this “Agreement”), dated as of January 19, 2022, by and between National Retail Properties, Inc., with its principal place of business at 450 South Orange Avenue, Suite 900, Orlando, Florida 32801 (the “Company”), and Julian E. Whitehurst, residing at the address set forth on the signature page hereof (“Executive”).
Re: Employment Letter AgreementLetter Agreement • January 21st, 2022 • National Retail Properties, Inc. • Real estate investment trusts • Florida
We are delighted to memorialize your promotion to President and Chief Executive Officer of National Retail Properties, Inc., a Maryland corporation (the “Company”), effective as of April 29, 2022 (the “Effective Date”), on the terms and conditions set forth in this letter agreement (this “Letter”). This Letter, together with the Company’s Executive Severance and Change of Control Plan (the “Plan”), replaces and supersedes the Employment Agreement, dated as of January 2, 2014 (the “Original Employment Agreement”), between you and the Company. Accordingly, the parties hereto agree as follows:
