Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 208

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 208
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The BHM Incentive Plans also
authorize the grant of performance units. Performance units represent the participant’s right to receive an amount, based on the
value of a specified number of shares of our common stock, if performance goals or other requirements established by the administrator
are met. The administrator will determine the applicable performance period, the performance goals and such other conditions that apply
to the performance unit. If the performance goals are met, payment will be made with respect to the performance units. Performance units
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. 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