Exhibit 10.1

KILROY REALTY CORPORATION
2006 INCENTIVE AWARD PLAN
RESTRICTED STOCK UNIT AGREEMENT

GRANT NOTICE

Pursuant to this Restricted Stock Unit Agreement dated January 9, 2016
(including Appendix A hereto, the “Agreement”), effective as of the Grant Date
(as defined below), Kilroy Realty Corporation (the “Company”) hereby grants to
Jeffrey C. Hawken (the “Participant”) the following award of Restricted Stock
Units (“RSUs”), pursuant and subject to the terms and conditions of this
Agreement and the Company’s 2006 Incentive Award Plan (and as may be amended
from time to time, the “Plan”), the terms and conditions of which are hereby
incorporated into this Agreement by reference. Each RSU is hereby granted in
tandem with a corresponding Dividend Equivalent, as further described in Section
3 below. Except as otherwise expressly provided herein, all capitalized terms
used in this Agreement shall have the meanings provided in the Plan. Subject to
the terms and conditions of this Agreement, the principal features of this Award
are as follows:
Total Number of RSUs:
33,910
 
Grant Date:
January 9, 2016 (the "Grant Date")
 

Vesting of RSUs: The RSUs shall be divided for vesting purposes into two (2)
fifty-percent (50%) components, the “Time-Vest RSUs” (rounded down to the
nearest whole RSU) and the “Performance-Vest RSUs” (rounded up to the nearest
whole RSU) which shall vest and become nonforfeitable, as follows:
(i)    Time-Vest RSUs. The Time-Vest RSUs shall vest in substantially equal
installments (rounded down to the nearest whole RSU until the last installment)
on December 31 of each Performance Year, subject to and conditioned upon the
Participant’s continued service as an Employee through the applicable Vesting
Date.
(ii)    Performance-Vest RSUs. The Performance-Vest RSUs shall vest as to
one-fourth (1/4th) of such RSUs per Performance Year (rounded down to the
nearest whole RSU until the last Performance Year) if, with respect to the
applicable Performance Year, the Company achieves either (A) the Annualized TSR
Goal for such Performance Year or (B) the Relative Performance Goal, in either
case, subject to and conditioned upon the Participant’s continued service as an
Employee through the applicable Vesting Date associated with such performance
goal; provided, that any Performance RSUs which do not vest in respect of a
given Performance Year prior to 2019 shall remain outstanding and eligible to
vest in any subsequent Performance Year during the Performance Period, and shall
vest in a subsequent Performance Year if the Company achieves the Cumulative TSR
Goal for such subsequent Performance Year, subject to and conditioned upon the
Participant’s continued service as an Employee through the applicable Vesting
Date associated with such performance goal.
(iii)    Accelerated Vesting in Connection With Qualifying Termination.
Notwithstanding the foregoing or anything contained herein to the contrary, and
subject to the

--------------------------------------------------------------------------------

execution and delivery of a general release in accordance with the terms and
conditions set forth in Section 11(b) of the Employment Agreement, the RSUs
shall be subject to accelerated vesting as provided in the Employment Agreement.
Certain Definitions. For purposes of this performance requirement, the following
definitions shall apply:
“Annualized Aggregate Market Capitalization” means, as of any given date, an
amount equal to the sum of (i) the aggregate Per Share Market Capitalization
determined for all shares of Stock that are or were outstanding during the
Performance Year for which such calculation is being performed, plus (ii) the
sum of all dividends declared by the Company with respect to the Stock during
the Performance Year for which such calculation is being performed.
“Annualized TSR Goal” means, with respect to any Performance Year, the
attainment of Annualized Aggregate Market Capitalization over any five (5)
consecutive trading days during November or December of such Performance Year
that exceeds the Annualized TSR Threshold at all times over the same five (5)
consecutive trading days.
“Annualized TSR Threshold” means, as of any given date, the sum of the Per Share
Annualized TSR Threshold through such date for all shares of Stock that are or
were outstanding during the Performance Year for which such calculation is being
performed.
“Cumulative Aggregate Market Capitalization” means, as of any given date, an
amount equal to the sum of (i) the aggregate Per Share Market Capitalization
determined for all shares of Stock that are or were outstanding during the
Performance Period through such date, plus (ii) the sum of all dividends
declared by the Company with respect to the Stock during the period beginning on
(and including) the Grant Date and ending on (and including) such date.
“Cumulative TSR Goal” means, with respect to any Performance Year, the
attainment of Cumulative Aggregate Market Capitalization over any five (5)
consecutive trading days during November or December of such Performance Year
that exceeds the Cumulative TSR Threshold at all times over the same five (5)
consecutive trading days.
“Cumulative TSR Threshold” means, as of any given date, the sum of the Per Share
Cumulative TSR Threshold determined for all shares of Stock that are or were
outstanding during the Performance Period through such date.
“Employment Agreement” means that certain employment agreement by and between
the Company and the Participant, as amended and restated effective December 31,
2015.
“Per Share Annualized Baseline Capitalization Value” means, (i) with respect to
each share of Stock that is issued and outstanding as of the first day of the
Performance Year with respect to which such calculation is being made, the
Stock’s trailing ten (10) trading-day average market closing price for the
period ending on December 31 immediately prior to the first day of such
Performance Year, or (ii) with respect to each share of Stock that is first
issued or sold and becomes outstanding during such Performance Year (if any),
the Fair Market Value of the Stock on the date on which such share of Stock is
issued or sold and becomes outstanding.  

2

--------------------------------------------------------------------------------

“Per Share Annualized TSR Threshold” means, as of any given date, with respect
to each share of Stock that is or was outstanding during a Performance Year, an
amount equal to the product obtained by multiplying (i) the Per Share Annualized
Baseline Capitalization Value for such share of Stock, times (ii) a percentage
equal to the sum of (A) 100 plus (B) the product of 7.5 times (X/Y), where “X”
equals the number of days in the relevant Performance Year (including the date
of measurement) during which such share of Stock has been (or was, as
applicable), outstanding, and “Y” equals the number of days in such Performance
Year.
“Per Share Cumulative Baseline Capitalization Value” means (i) with respect to
each share of Stock that is issued and outstanding as of January 1, 2016, the
Stock’s trailing ten (10) trading-day average market closing price for the
period ending on December 31, 2015, or (ii) with respect to each share of Stock
that is first issued or sold and becomes outstanding during the Performance
Period (if any), the Fair Market Value of the Stock on the date on which such
share of Stock is issued or sold and becomes outstanding.  
“Per Share Cumulative TSR Threshold” means, as of any given date, with respect
to each share of Stock that is or was outstanding during the Performance Period,
an amount equal to the product obtained by multiplying (i) the Per Share
Cumulative Baseline Capitalization Value for such share of Stock, times (ii) a
percentage equal to the sum of (A) 100 plus (B) the product of 30.0 times
(X/1,461), where “X” equals the number of days in the Performance Period
(including the date of measurement) during which such share of Stock has been
(or was, as applicable) outstanding.
“Per Share Market Capitalization” means, as of any given date: (i) with respect
to each share of Stock outstanding on such date, the Stock’s trailing ten (10)
trading-day average market closing price ending on such date, or (ii) with
respect to each share of Stock that was repurchased or redeemed by the Company
and which ceased to be outstanding during the Performance Period (and prior to
such date), the price per share of Stock at which such share of Stock was
repurchased or redeemed by the Company, provided, that for purposes of
calculating Annualized Aggregate Market Capitalization as of any date, any
shares of Stock that were not outstanding at any point during the Performance
Year with respect to which Per Share Annualized TSR Threshold is being
calculated will be disregarded.
“Performance Period” means the period commencing on January 1, 2016 and ending
on December 31, 2019.
“Performance Year” means each of calendar years 2016 through 2019.
“Qualifying Termination” means that the Participant’s service as an Employee is
terminated by the Company without Cause, by the Participant for Good Reason or
due to the Participant’s death or Disability (each capitalized termination
trigger as defined in the Employment Agreement).
“Relative Performance Goal” means, with respect to a Performance Year, that the
Company’s total shareholder return exceeds the total shareholder return for the
SNL U.S. REIT Office Index (or any successor or replacement index thereto or
therefor or, in the event there is no successor or replacement index to the SNL
U.S. REIT Office Index, the Bloomberg REIT Office Property Index) during such
Performance Year, calculated in a manner consistent with the annual total

3

--------------------------------------------------------------------------------

shareholder return calculations under the SNL U.S. REIT Office Index (or any
successor or replacement index or, in the event there is no successor or
replacement index to the SNL U.S. REIT Office Index, the Bloomberg REIT Office
Property Index).
“Vesting Date” means (i) with respect to Time-Vest RSUs, the December 31 of the
applicable Performance Year, (ii) with respect to Performance-Vest RSUs, the
first date on which the Committee determines that one or more performance
vesting conditions applicable to such RSUs have been achieved by the Company,
and (iii) with respect to all RSUs, any date on which accelerated vesting occurs
with respect to such RSUs under the Employment Agreement.
Payment of RSUs: Vested RSUs shall be paid to the Participant in the form of
shares of Stock as set forth in Section 6 of Appendix A attached hereto.
Termination of RSUs/Dividend Equivalents: In the event that the Participant
terminates as an Employee for any reason prior to the applicable Vesting Date,
all RSUs that have not vested as of the date of such termination (after taking
into consideration any accelerated vesting that may apply, if any) and all
unpaid Dividend Equivalents associated with such RSUs shall thereupon
automatically be forfeited by the Participant as of such date of termination
without payment of any consideration therefor.
The Participant’s signature below indicates the Participant’s agreement with and
understanding that this Award is subject to all of the terms and conditions
contained in the Plan and in this Agreement (including Appendix A), and that, in
the event that there are any inconsistencies between the terms of the Plan and
the terms of this Agreement, the terms of the Plan shall control. If the
Participant is married, his or her spouse has signed the Consent of Spouse
attached to this Agreement as Exhibit A. In addition, by signing below, the
Participant also agrees that the Company, in its sole discretion, may satisfy
any withholding obligations in accordance with Section 7 of Appendix A hereto by
(a) withholding Stock otherwise issuable to the Participant upon vesting of the
RSUs, (b) instructing a broker on the Participant’s behalf to sell Stock
otherwise issuable to the Participant upon vesting of the RSUs and submit the
proceeds of such sale to the Company, or (c) using any other method permitted by
Section 7 of Appendix A hereto or the Plan. THE PARTICIPANT FURTHER ACKNOWLEDGES
THAT THE PARTICIPANT HAS READ AND UNDERSTANDS THE PLAN AND THIS AGREEMENT,
INCLUDING APPENDIX A HERETO, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF
THIS GRANT OF RSUs AND DIVIDEND EQUIVALENTS.
[Signature Page Follows]

4

--------------------------------------------------------------------------------

 
KILROY REALTY CORPORATION,
a Maryland corporation
 
PARTICIPANT:
 
 

/s/ Tyler H. Rose

/s/ Jeffrey C. Hawken
 
 
By: Tyler H. Rose,
Executive Vice President and Chief Financial Officer

 
Jeffrey C. Hawken
 
 
 
 
 
 
 
KILROY REALTY CORPORATION,
a Maryland corporation
 
 
 
 

/s/ Joseph E. Magri
 
 
 
 
By: Joseph E. Magri,
Senior Vice President and Corporate Counsel
 
 
 

    

5

--------------------------------------------------------------------------------

APPENDIX A
TERMS AND CONDITIONS OF
RESTRICTED STOCK UNITS AND DIVIDEND EQUIVALENT RIGHTS

1.Grant. The Company hereby grants to the Participant, effective as of the Grant
Date, an aggregate Award with respect to the total number of RSUs set forth in
the Grant Notice and corresponding Dividend Equivalents, subject to the terms
and conditions contained in this Agreement and the Plan.
2.RSUs. Each RSU that vests on an applicable Vesting Date shall represent the
right to receive payment, in accordance with Section 6 below, of one share of
Stock. Unless and until an RSU vests, the Participant will have no right to
payment in respect of any such RSU. Prior to actual payment in respect of any
vested RSU, such RSU will represent an unsecured obligation of the Company,
payable (if at all) only from the general assets of the Company.
3.Dividend Equivalent Rights. Each RSU granted hereunder is hereby granted in
tandem with a corresponding Dividend Equivalent that shall remain outstanding
from the Grant Date through the earlier to occur of (a) the termination or
forfeiture for any reason of the RSU to which such Dividend Equivalent
corresponds, or (b) the delivery to the Participant of the shares of Stock
underlying the RSU to which such Dividend Equivalent corresponds. The
Participant shall not be entitled to any payment under a Dividend Equivalent
with respect to any dividend with a record date that occurs prior to the Grant
Date or after the termination of such RSU for any reason, whether due to
payment, forfeiture of the RSU or otherwise. Dividend Equivalents and any
amounts that may become distributable in respect thereof shall be treated
separately from the RSUs and the rights arising in connection therewith for
purposes of the designation of time and form of payments required by Section
409A of the Code.
(a)Time-Vest RSUs. Each Dividend Equivalent linked to a Time-Vest RSU shall
represent the right to receive the cash value of any cash dividend(s) that the
Participant would have received in respect of the share of Stock underlying the
RSU to which such Dividend Equivalent is linked, had such share of Stock been
outstanding on the applicable dividend record date. Any amounts payable in
respect of Dividend Equivalents linked to Time-Vest RSUs shall be paid in cash
or cash equivalents as and when the cash dividends in respect of which such
Dividend Equivalent payments arise are paid to holders of Common Stock, without
regard to the vested status of the underlying Time-Vest RSUs.
(b)Performance-Vest RSUs. With respect to Performance-Vest RSUs, Dividend
Equivalent payments shall be paid in cash or Stock (i) only with respect to that
number of shares of Stock underlying Performance-Vest RSUs that vest in
accordance herewith, (ii) with a value determined as if such shares of Stock
underlying vested Performance-Vest RSUs (A) had been outstanding for the same
portion of the Performance Period during which related Performance-Vest RSUs
were outstanding, and (B) had received all dividend payments over such period in
notional shares of Stock equal in value to the dividends declared over such
period divided by the Fair Market Value on the applicable dividend declaration
date (rounded to the nearest whole share of Stock),

A-1

--------------------------------------------------------------------------------

and (iii) at such time as payment is made with respect to the RSU to which such
Dividend Equivalent is linked. To the extent any Dividend Equivalents paid
pursuant to this Section 3(b) are paid in cash, such notional shares of Stock
shall be converted to a cash value based on the Fair Market Value on the day
prior the date of payment of the RSU to which such Dividend Equivalent is
linked. If the Performance-Vest RSU linked to a Dividend Equivalent fails to
vest and is forfeited for any reason, then (x) the linked Dividend Equivalent
shall be forfeited as well, (y) any amounts otherwise payable in respect of such
Dividend Equivalent shall be forfeited without payment, and (z) the Company
shall have no obligations in respect of such Dividend Equivalent.
4.Vesting and Forfeiture. The RSUs (and, with respect to Performance-Vest RSUs,
their corresponding Dividend Equivalents) shall vest in accordance with the
vesting schedule provided in the Grant Notice to which this Appendix is
attached.
5.Termination of RSUs and Dividend Equivalents. Upon the Participant’s
termination as an Employee, all RSUs that have not vested as of such termination
(taking into consideration any vesting that may occur in connection with such
termination) and all corresponding Dividend Equivalents shall automatically be
forfeited and canceled without payment of consideration therefor. In addition,
to the extent that any unvested Performance-Vest RSUs become ineligible to vest
based on the Company’s 2019 performance, such Performance-Vest RSUs and their
corresponding Dividend Equivalents shall automatically be forfeited upon the
Company’s determination of the applicable 2019 performance results. The RSUs and
all corresponding Dividend Equivalents shall be subject to forfeiture and
cancelation in accordance with Section 11(c) of the Employment Agreement and
Section 6 of the Non-Competition, Non-Solicitation and Non-Disclosure Agreement,
dated December 31, 2015, by and between the Company and the Participant (the
“Non-Competition, Non-Solicitation and Non-Disclosure Agreement”).
6.Payment of RSUs. As soon as administratively practicable following the vesting
of any RSUs on an applicable Vesting Date in accordance with Section 4 above,
but in no event later than thirty (30) days after the applicable Vesting Date,
the Company shall deliver to the Participant (or any transferee permitted under
Section 9 below) a number of shares of Stock (either by delivering one or more
certificates for such shares of Stock or by entering such shares of Stock in
book entry form, as determined by the Committee in its sole discretion) equal to
the number of RSUs that vest on the applicable Vesting Date, unless such RSUs
terminate prior to the given vesting date pursuant to Section 5 above.
Notwithstanding the foregoing, in the event shares of Stock cannot be issued
pursuant to Section 10.5 of the Plan or are delayed under Section 10 below, the
shares of Stock shall be issued pursuant to the preceding sentence as soon as
administratively practicable after the Committee determines that shares of Stock
can again be issued in accordance with such Section. In no event shall any such
delay in the issuance of shares of Stock impact the payment timing applicable to
Dividend Equivalents payable in cash.
7.Tax Withholding. The Company shall have the authority and the right to deduct,
withhold or require a Participant or Beneficiary to remit to the Company an
amount sufficient to satisfy federal, state, local and foreign taxes (including
without limitation any income and employment tax obligations) required by law to
be withheld with respect to any taxable event arising in connection with the
RSUs and/or the Dividend Equivalents. To the extent that such

A-2

--------------------------------------------------------------------------------

obligations arise at the time that the RSUs are paid to the Participant in
shares of Stock, the Committee may, in its sole discretion and in satisfaction
of the foregoing requirement, allow the Participant to elect to have the Company
withhold shares of Stock otherwise issuable under this Agreement (or allow the
return of shares of Stock) having a Fair Market Value equal to the sums required
to be withheld, provided, that the number of shares of Stock which may be so
withheld (or returned) with respect to a taxable event arising in connection
with the RSUs and/or the Dividend Equivalents shall be limited to the number of
shares which have a Fair Market Value on the date of withholding equal to the
aggregate amount of such liabilities based on the minimum statutory withholding
rates for federal, state and local income tax and payroll tax purposes that are
applicable to such supplemental taxable income.
8.Rights as Stockholder. Neither the Participant nor any person claiming under
or through the Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any shares of Stock deliverable
hereunder unless and until certificates representing such shares of Stock will
have been issued, recorded on the records of the Company or its transfer agents
or registrars, and delivered to the Participant or any person claiming under or
through the Participant
9.Non-Transferability. Neither the RSUs, the Dividend Equivalents nor any
interest or right therein or part thereof shall be transferred, assigned,
pledged or hypothecated by the Participant in any way in favor of any party
other than the Company or the TRS, the Partnership or any Subsidiary (each, an
“Affiliate”) (whether by operation of law or otherwise) and shall not be
subjected to any lien, obligation or liability of the Participant to any party
other than the Company or an Affiliate, other than by the laws of descent and
distribution. Upon any attempt by the Participant to transfer, assign, pledge,
hypothecate or otherwise dispose of this grant, or any right or privilege
conferred hereby, or upon any attempted sale by the Participant under any
execution, attachment or similar process, this grant and the rights and
privileges conferred hereby shall immediately become null and void.
Notwithstanding the foregoing, the Company may assign any of its rights under
this Agreement to single or multiple assignees and this Agreement shall inure to
the benefit of the successors and assigns of the Company.
10.Distribution of Stock. The Company shall not be required to record any shares
of Stock in the name of the Participant in the books and records of the
Company’s transfer agent, and the Company shall not be required to issue or
deliver any certificate or certificates for any shares of Stock prior to the
fulfillment of all of the following conditions: (a) the admission of such shares
to listing on all stock exchanges on which the Company’s common stock is then
listed, (b) the completion of any registration or other qualification of such
shares under any state or federal law or under rulings or regulations of the
Securities and Exchange Commission or other governmental regulatory body, which
the Committee shall, in its sole and absolute discretion, deem necessary and
advisable, and (c) the obtaining of any approval or other clearance from any
state or federal governmental agency that the Committee shall, in its absolute
discretion, determine to be necessary or advisable. In the event that the
Company delays a distribution or payment in settlement of RSUs because it
determines that the issuance of shares of Stock in settlement of such RSUs will
violate Federal securities laws or other applicable law, such distribution or
payment shall be made at the earliest date at which the Company reasonably
determines that the making of such distribution or payment will not cause such
violation, as

A-3

--------------------------------------------------------------------------------

required by Treasury Regulation Section 1.409A-2(b)(7)(ii). No payment shall be
delayed under this Section 10 if such delay will result in a violation of
Section 409A of the Code.
11.No Right to Continued Service. Nothing in the Plan or in this Agreement shall
confer upon the Participant any right to continue as an Employee, Consultant,
member of the Board, or other service provider of the Company or any Affiliate,
or shall interfere with or restrict in any way the rights of the Company or any
Affiliate, which are hereby expressly reserved, to discharge the Participant at
any time for any reason whatsoever, with or without Cause (as defined in the
Employment Agreement), except to the extent expressly provided otherwise in a
written agreement between the Participant and the Company or any Affiliate.
12.Severability. In the event that any provision in this Agreement is held
invalid or unenforceable, such provision will be severable from, and such
invalidity or unenforceability will not be construed to have any effect on, the
remaining provisions of this Agreement, which shall remain in full force and
effect.
13.Tax Consultation. The Participant understands that he or she may suffer
adverse tax consequences in connection with the RSUs and Dividend Equivalents
granted pursuant to this Agreement. The Participant represents that the
Participant has consulted with any tax consultants that he or she deems
advisable in connection with the RSUs and the Dividend Equivalents and that the
Participant is not relying on the Company for tax advice.
14.Amendment. This Agreement may only be amended, modified or terminated by a
writing executed by the Participant and by a duly authorized representative of
the Company.
15.Adjustments. The Participant acknowledges that the RSUs are subject to
modification and termination in certain events as provided in this Agreement and
Section 11 of the Plan.
16.Relationship to other Benefits. Neither the RSUs, the Dividend Equivalents,
nor payment in respect of the foregoing shall be taken into account in
determining any benefits pursuant to any pension, retirement, savings, profit
sharing, group insurance, welfare or other benefit plan of the Company or any
Affiliate.
17.Code Section 409A. To the extent that the Committee determines that any RSUs
and/or Dividend Equivalents may not be compliant with or exempt from Code
Section 409A, the Committee may amend this Agreement in a manner intended to
comply with the requirements of Code Section 409A or an exemption therefrom
(including amendments with retroactive effect), or take any other actions as it
deems necessary or appropriate to (a) comply with the requirements of Code
Section 409A and/or (b) exempt the RSUs and/or the Dividend Equivalents from
Code Section 409A and/or preserve the intended tax treatment of the benefits
provided with respect to the RSUs. To the extent applicable, this Agreement
shall be interpreted in accordance with the provisions of Code Section 409A.
18.Governing Law. The laws of the State of Maryland shall govern the
interpretation, validity, administration, enforcement and performance of the
terms of this Agreement regardless of the law that might be applied under
principles of conflicts of laws.

A-4

--------------------------------------------------------------------------------

19.Captions. Captions provided herein are for convenience only and are not to
serve as a basis for interpretation or construction of this Agreement.
20.Conformity to Securities Laws. The Participant acknowledges that the Plan and
this Agreement are intended to conform to the extent necessary with all
provisions of the Securities Act and the Exchange Act and any and all
regulations and rules promulgated by the Securities and Exchange Commission
thereunder, as well as any applicable state securities laws and regulations.
Notwithstanding anything herein to the contrary, the Plan shall be administered,
and the RSUs and Dividend Equivalents are granted, only in such a manner as to
conform to such laws, rules and regulations. To the extent permitted by
applicable law, the Plan and this Agreement shall be deemed amended to the
extent necessary to conform to such laws, rules and regulations.
21.Limitations Applicable to Section 16 Persons. Notwithstanding any other
provision of the Plan or this Agreement, if the Participant is subject to
Section 16 of the Exchange Act, then the Plan, the RSUs and Dividend
Equivalents, and this Agreement shall be subject to any additional limitations
set forth in any applicable exemptive rule under Section 16 of the Exchange Act
(including any amendment to Rule 16b-3 of the Exchange Act) that are
requirements for the application of such exemptive rule. To the extent permitted
by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.
22.Entire Agreement. The Plan and this Agreement (including all exhibits and
appendices hereto) constitute the entire agreement of the parties and supersede
in their entirety all prior undertakings and agreements of the Company and the
Participant with respect to the subject matter hereof. Notwithstanding the
foregoing provisions of this Section 22, the Non-Competition, Non-Solicitation
and Non-Disclosure Agreement is outside the scope of the foregoing and shall
continue in accordance with its terms and conditions.
23.Arbitration. Any dispute or controversy arising under or in connection with
this Agreement shall be subject to the provisions of Section 12(c) of the
Employment Agreement.
24.Clawback. The Participant agrees that all compensation paid or payable to the
Participant pursuant to this Agreement shall be subject to (a) the provisions of
any claw-back policy implemented by the Company to comply with applicable law or
regulation (including stock exchange rules), including, without limitation, any
claw-back policy adopted to comply with the requirements of the Dodd-Frank Wall
Street Reform and Consumer Protection Act and any rules or regulations
promulgated thereunder, and (b) any other claw-back required by applicable law.
25.Notices. Any notice to be given under the terms of this Agreement to the
Company shall be addressed to the Company in care of the Secretary of the
Company at the Company’s principal office, and any notice to be given to the
Participant shall be addressed to the Participant at the Participant’s last
address (physical or electronic) reflected on the Company’s records. Any notice
shall be deemed duly given when sent by reputable overnight courier or by
certified mail (return receipt requested) through the United States Postal
Service.

A-5

--------------------------------------------------------------------------------

EXHIBIT A

TO RESTRICTED STOCK UNIT GRANT NOTICE
CONSENT OF SPOUSE
I, ____________________, spouse of Jeffrey C. Hawken, have read and approve the
foregoing Agreement. In consideration of issuing to my spouse the Restricted
Stock Units and Dividend Equivalents set forth in the Agreement, I hereby
appoint my spouse as my attorney-in-fact in respect to the exercise of any
rights under the Agreement and agree to be bound by the provisions of the
Agreement insofar as I may have any rights in said Agreement and any Restricted
Stock Units, Dividend Equivalents, shares of Kilroy Realty Corporation or cash
issued pursuant thereto under the community property laws or similar laws
relating to marital property in effect in the state of our residence as of the
date of the signing of the foregoing Agreement.
Dated: _______________, _____            ________________________________
Signature of Spouse

Consent of Spouse Signature Page