Exhibit 10(a)(xiv)
AMENDMENT NUMBER FIVE TO THE
COUSINS PROPERTIES INCORPORATED
2005 RESTRICTED STOCK UNIT PLAN
     WHEREAS, the Compensation, Succession, Nominating and Governance Committee
of the Board of Directors of Cousins Properties Incorporated (the “Committee”)
has the authority, pursuant to § 9 of the Cousins Properties Incorporated 2005
Restricted Stock Unit Plan (the “Plan”) to amend the Plan from time to time, to
the extent the Committee deems necessary or appropriate;
     WHEREAS, the Committee has determined that it is in the best interest of
Cousins Properties Incorporated to amend the Plan in various respects and has
approved an amendment to the Plan to effect these changes;
     NOW THEREFORE, the Plan is amended, as approved by the Committee, effective
as of February 1, 2009, as follows:
 §1. 
By amending § 2.11 to read as follows:
2.11. Fair Market Value— means (1) the average of the closing price on each
trading day during the 30 day period ending on the applicable valuation date for
a share of Stock as reported by The Wall Street Journal under the New York Stock
Exchange Composite Transactions quotation system (or under any successor
quotation system) or, if Stock is no longer traded on the New York Stock
Exchange, under the quotation system under which such closing price is reported
or, if The Wall Street Journal no longer reports such closing price, such
closing price as reported by a newspaper or trade journal selected by the
Committee; or (2) if no newspaper or trade journal reports such closing price or
if no such price quotation is available, the current fair market value of a
share of Stock that the Committee acting in good faith determines through the
reasonable application of a reasonable valuation method which takes into
consideration in applying its methodology all available information material to
the value of CPI, considering factors including (as applicable) (a) the value of
CPI’s tangible and intangible assets, (b) the present value of CPI’s anticipated
future cash-flows, (c) the market value of equity interests in similar companies
engaged in trades or businesses substantially similar to those engaged in by
CPI, the value of which can be readily determined through nondiscretionary,
objective means (such as through trading prices on an established securities
market or an amount paid in an arms-length private transaction), (d) recent
arm’s length transactions involving the sale or transfer of shares of Stock, and
(e) other relevant factors such as control premiums or discounts for lack of
marketability and whether the valuation method is used for other purposes that
have a material economic effect on CPI, the holders of Stock or CPI’s creditors.
 § 2. 

 

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By amending § 6.1 to read as follows:
Committee Action. The Committee acting in its absolute discretion may grant
Restricted Stock Units to Key Employees or Directors under this Plan from time
to time. Each Restricted Stock Unit grant shall be evidenced by an Award
Certificate, and each Award Certificate shall set forth the number of Restricted
Stock Units granted to the Key Employee or Director, the date or dates and any
other terms and conditions on which the Restricted Stock Units vest, and such
other terms and conditions of the grant (including terms and conditions
necessary or appropriate to satisfy the Requirements, as defined in § 6.4) as
the Committee acting in its absolute discretion deems appropriate (which terms
and conditions may, to the extent the Committee acting in its absolute
discretion deems appropriate, be contrary to the terms of this Plan).
 § 3. 
By amending § 6.2 to read as follows:
6.2 Payment of Restricted Stock Units. Except as otherwise set forth in an Award
Certificate, payment of a vested Award or, if an Award provides for partial
vesting, the vested portion of such Award shall be made in a single sum in cash
as soon as practicable after the Award or portion of the Award vests, but in no
event later than 21/2 months after the calendar year in which vesting occurs;
provided, however, the right of a Key Employee or Director to receive a cash
payment under this § 6.2 shall be forfeited if Key Employee terminates
employment as a Key Employee or a Director is no longer a member of the Board
for any reason whatsoever prior to the vesting date. Except as otherwise set
forth in an Award Certificate, in the event the Key Employee or Director dies
prior to payment of the Award, the Award shall become 100% vested on the date of
such Key Employee’s or Director’s death and shall be paid to the Key Employee’s
Beneficiary or Director’s Beneficiary, whichever is applicable as soon as
practicable after the Key Employee’s or Director’s death, but in no event later
than 21/2 months after the calendar year in which the Key Employee or Director
dies.
 § 4. 
By amending § 6.4 to read as follows:
6.4. Section 409A Compliance. CPI intends that (1) any Awards either (a) be
exempt from the application of Code § 409A and the regulations, rulings and
other guidance issued thereunder (the “Requirements”) as a “short-term deferral”
or (b) comply with the Requirements (including, without limitation, the
Requirement to delay payments payable upon separation from service to a
“specified employee”) and that (2) the Awards be administered in accordance with
such Requirements so that compensation paid in connection with such Awards
(including any payment made under § 6.3) shall not be included in income under
Code § 409A. Any ambiguities in this Plan shall be construed to effect the
intent as described in this § 6.4. If any provision of this Plan is found to be
in violation of the Requirements, then such provision shall be deemed to be
modified or restricted to the extent and in the manner necessary to render such
provision in conformity with the Requirements, or shall be deemed excised from
this Plan, and this

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Plan shall be construed and enforced to the maximum extent permitted by the
Requirements as if such provision had been originally incorporated in this Plan
as so modified or restricted, or as if such provision had not been originally
incorporated in this Plan, as the case may be.
 § 5. 
By amending § 9 to read as follows:
This Plan may be amended by the Committee from time to time to the extent that
the Committee deems necessary or appropriate. The Committee also may suspend the
granting of Awards at any time and may terminate the Plan at any time. However,
the Committee shall not have the right unilaterally to modify, amend or cancel
any Award granted before such suspension or termination unless (1) the Key
Employee consents in writing to such modification, amendment or cancellation,
(2) a modification is necessary or appropriate under § 6.4 or (3) there is a
dissolution or liquidation of CPI or a transaction described in § 7 or § 8.
Notwithstanding the foregoing, unless otherwise determined by the Committee upon
amending the Plan, any outstanding Awards automatically shall incorporate any
amendments to the Plan. Further, any decision by the Committee to terminate the
Plan and distribute payments upon termination shall be made after consideration
by the Committee of CPI’s need to make such distribution and any adverse tax
consequences of such distribution under the Requirements (as defined in §6.4).
     IN WITNESS WHEREOF, Cousins Properties Incorporated has caused this
Amendment Number Five to be executed by its duly authorized officers and its
seal to be affixed as of this 16th day of February, 2009.

                  COUSINS PROPERTIES INCORPORATED    
 
           
 
  BY:   /s/ Robert M. Jackson
 
Robert M. Jackson    
 
           
 
  TITLE:   Senior Vice President, General Counsel and
 
      Corporate Secretary    

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