NONSTATUTORY STOCK OPTION AGREEMENT Between CORNERSTONE REALTY INCOME TRUST, INC. and Glade M. Knight1992 Incentive Plan • April 7th, 2005 • Colonial Properties Trust • Real estate investment trusts • Virginia
THIS AGREEMENT, dated as of the ___day of ___, ___, between CORNERSTONE REALTY INCOME TRUST, INC., a Virginia corporation (the “Company”), and Glade M. Knight (“Participant”), is made pursuant and subject to the provisions of the Company’s 1992 Incentive Plan, as amended and restated effective July 8, 1994 (the “Plan”) and as amended from time to time, and all terms used herein that are defined in the Plan shall have the same meanings given them in the Plan. This Nonstatutory Stock Option Agreement is in addition to all previous agreements making grants under the Plan.
