Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 218

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 218
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 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.

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The administrator may grant
other types of stock-based awards as other equity-based awards, including LTIP Units, under the BHM Incentive Plans. Other equity-based
awards are payable in cash, shares of our common stock or shares or units of such other equity, or a combination thereof, as determined
by the administrator. The terms and conditions of other equity-based awards are determined by the administrator, and will include a requirement
that performance objectives or other criteria be satisfied. Other equity-based awards 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