Exhibit 10.1

 

Heritage Property Investment Trust, Inc.

 

Named Executive Officer Compensation Schedule

 

Name and Principal Position

 

2005
Salary

 

2005
Bonus

 

Incentive
Award(1)

 

2006
Base
Salary

 

 

 

 

 

 

 

 

 

 

 

Thomas C. Prendergast, President and Chief Executive Officer

 

$

615,000

 

$

615,000

 

48,000

 

$

615,000

 

 

 

 

 

 

 

 

 

 

 

David G. Gaw, Senior V.P. and Chief Financial Officer

 

$

300,000

 

$

180,000

 

15,000

 

$

300,000

 

 

 

 

 

 

 

 

 

 

 

Robert G. Prendergast, Senior V.P. and Chief Operating Officer

 

$

285,000

 

$

171,000

 

15,000

 

$

300,000

 

 

 

 

 

 

 

 

 

 

 

Barry Rodenstein, V.P., Leasing

 

$

240,000

 

$

96,000

 

4,500

 

$

240,000

 

 

 

 

 

 

 

 

 

 

 

Bruce A. Anderson, V.P., Acquisitions

 

$

205,000

 

$

82,000

 

4,500

 

$

220,000

 

 

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(1) These restricted shares are subject to transfer restrictions and risk of
forfeiture that terminate ratably over three years. The restricted shares were
awarded based on a value of $38.90 per share, the closing price of Heritage
Common Stock on March 8, 2006.

 

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