Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 16

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 16
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 These provisions of Maryland law, which are applicable even if other provisions of Maryland law or the
charter or bylaws provide to the contrary, also provide that any director elected to fill a vacancy shall hold office until the next annual
meeting of stockholders and until his or her successor is elected and qualifies.

Removal of Directors. Our charter provides that, subject to the rights of holders of shares of one or more classes or series
of Preferred Stock to elect or remove one or more directors, any director, or the entire Board of Directors, may be removed from office
at any time, with or without cause, by the affirmative vote of a majority of the votes entitled to be cast generally in the election of
directors.

The requirement for a substantial stockholder vote
for removal of any of our directors, and the exclusive right of the remaining directors to fill vacancies on the board make it more difficult
for a third party to gain control of our board of directors and may discourage offers to acquire us even when an acquisition may be in
the best interest of our stockholders.

Maryland Business Combination Act

Under the Maryland Business Combination Act, unless
an exemption applies, any “business combination” between a Maryland corporation and an interested stockholder or an affiliate
of an interested stockholder is prohibited for five years after the most recent date on which the interested stockholder becomes an interested
stockholder. These business combinations generally include mergers, consolidations, share exchanges, or, in circumstances specified in
the statute, asset transfers or issuances or reclassifications of equity securities. An interested stockholder is defined as:

| · | any person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s outstanding shares; 
 or                                                                                                                                 |

A person is not an interested stockholder under
the statute if the board of directors approved in advance the transaction by which such person otherwise would have become an interested
stockholder. In approving such a transaction, however, the board of directors may provide that its approval is subject to compliance,
at or after the time of approval, with any terms and conditions determined by the board.

After the five-year prohibition, any business combination
between a Maryland corporation and an interested stockholder generally must be recommended by the board of directors of the corporation
and approved by the affirmative vote of at least:

| · | 80% of the votes entitled to be cast by holders of outstanding shares of voting stock of the corporation, voting together as a single