Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 211

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 211
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. Performance units will be paid in cash, shares of our common stock, other equity-based awards (including
LTIP Units), other securities or property or a combination thereof. No more than fifty percent of the shares issued in settlement of performance
units may be sold or disposed of before the first anniversary of the date that the shares were issued or the date that the participant
is no longer employed by or providing services to us, or the Operating Partnership or our Manager.

The BHM Incentive Plans also
authorize us to make incentive awards. An incentive award entitles the participant to receive a payment if certain requirements are met.
The administrator will establish the requirements that must be met before an incentive award is earned and the requirements may be stated
with reference to one or more performance measures or criteria prescribed by the administrator. A performance goal or objective may be
expressed on an absolute basis or relative to the performance of one or more similarly situated companies or a published index and may
be adjusted for unusual or non-recurring events, changes in applicable tax laws or accounting principles. The period in which the performance
will be measured will be at least one year, and the administrator will determine the applicable performance goals and such other conditions
that apply to the incentive award. If the performance goals are met, the incentive award will be paid. Incentive awards will become earned
or vested in accordance with terms determined by the administrator, but generally will not become earned or vested before the first anniversary
of their grant, except in the event of the death or disability of the holder or a change in control of the company, and further provided
that awards for up to five percent (5%) of the aggregate number of shares of our common stock authorized for issuance under the BHM Incentive
Plans may be granted or awarded without regard to the one-year minimum vesting requirement, in the discretion of the administrator. An
incentive award that is earned will be settled in a single payment which may be in cash, our common stock, other equity-based awards (including
LTIP Units), or a combination thereof. No more than fifty percent of the shares issued in settlement of an incentive award may be sold
or disposed of before the first anniversary of the date that the shares are issued or the date that the participant is no longer employed
by or providing services to us, or the Operating Partnership or our Manager.

The administrator may grant
other types of stock-based awards as other equity-based awards, including LTIP Units, under the B