Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 209

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 209
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centive Plans may be granted or awarded without regard to the one-year minimum vesting requirement, in the
discretion of the administrator. 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