Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 20

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 20
---

occurred. In addition, our board of directors has adopted a resolution prohibiting us from electing to be subject to the foregoing statutory
provision relating to unsolicited takeovers which would automatically classify our board of directors into three classes with staggered
terms of three years each, unless such election is first approved by our stockholders by the affirmative vote of a majority of all votes
entitled to be cast on the matter.

<div align='center'>12</div>

Limitation of Liability and Indemnification of Directors and Officers

As permitted by the Maryland General Corporation
Law, our charter contains a provision limiting the liability of our directors and officers to us or our stockholders for money damages
to the maximum extent permitted by Maryland law. Under Maryland law, the liability of our directors and officers to us or our stockholders
for money damages may be limited except to the extent that:

| · | it is proved that the director or officer actually received an improper benefit in money, property or services; or |

| · | a judgment or other final adjudication was entered in a proceeding based on a finding that the director’s or officer’s                   
 action, or failure to act, was the result of active and deliberate dishonesty and was material to the cause of action adjudicated in the 
 proceeding.                                                                                                                              |

We are authorized under our charter, and obligated
under our bylaws and existing indemnification agreements, to indemnify our present and former directors and officers against expense or
liability in an action to the fullest extent permitted by Maryland law. Maryland law permits a corporation to indemnify its present
and former directors and officers, among others, against judgments, penalties, fines, settlements and reasonable expenses they incur in
connection with any proceeding to which they are a party because of their service as an officer, director or other similar capacity.
However, Maryland law prohibits indemnification if it is established that:

| · | the act or omission of the director or officer was material to the matter giving rise to the proceeding and was committed in bad faith 
 or was the result of active and deliberate dishonesty;                                                                                 |

| · | the director or officer actually received an improper personal benefit in money, property or services; or |

| · | in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful. |

Also, under Maryland law, a Maryland corporation
may not provide indemnification for an adverse judgment in a suit by or in the right of the corporation or