COUSINS PROPERTIES INCORPORATED
2005 Restricted Stock Unit Plan
Restricted Stock Unit Certificate for 2016-2018 Performance Period

This Restricted Stock Unit Certificate evidences that on January 29, 2016
(“Grant Date”) the key employee named below (“Key Employee”) was awarded an
opportunity to receive restricted stock units (“RSUs”) pursuant to the Cousins
Properties Incorporated (“CPI”) 2005 Restricted Stock Unit Plan (the “Plan”).
The number of RSUs actually payable under this Certificate depends on the extent
to which CPI attains each of two separate performance goals for the Performance
Period and whether the service vesting condition is met, all as described in
more detail in this Certificate. The definitions set forth in the Plan are
incorporated in this Certificate, and these RSUs are subject to all of the terms
and conditions set forth in the Plan (to the extent such terms are not
inconsistent with the terms in the Certificate) and in this Certificate.
Terms and Conditions
1.
Name of Key Employee: ______________________________.

2.
Target Number of RSUs. Key Employee’s target number of RSUs payable based on
CPI’s attainment of the performance goals set forth on Exhibit A (“Exhibit A
RSUs”) is ____. Key Employee’s target number RSUs payable based on CPI’s
attainment of the performance goals set forth on Exhibit B (“Exhibit B RSUs) is
____. Key Employee will be paid based on a percentage of the target number
(ranging from 0% to 200%) as set forth on Exhibit A and/or Exhibit B, whichever
is applicable.

3.
Performance Period. The Performance Period is January 1, 2016 through December
31, 2018.

4.
Service Vesting Condition and Forfeiture. Except as set forth in § 8 of the Plan
if a Change in Control is consummated or as set forth in this § 4, Key Employee
will vest in the RSUs only if Key Employee remains continuously employed by CPI
through the completion of the Performance Period. A transfer between or among
CPI or any Subsidiary, Parent or Affiliate of CPI shall not be treated as a
termination of employment with CPI. If Key Employee’s employment is terminated
for any reason except Retirement or death before the completion of the
Performance Period, Key Employee shall automatically forfeit the RSUs in full
regardless of whether the performance goals on Exhibit A and/or Exhibit B are
met. If Key Employee’s employment terminates due to Retirement or death, Key
Employee will be deemed to have satisfied this service vesting condition but not
the performance goals set forth on Exhibit A and Exhibit B. For this purpose,
“Retirement” shall mean Key Employee’s termination of employment with CPI on or
after the date (a) Key Employee has attained age 60 and (b) Key Employee’s age
(in whole years) plus Key Employee’s whole years of employment measured since
Key Employee’s most recent date of hire (disregarding any partial year of
employment) equal at least 65.

5.
Cash Dividends. If Key Employee becomes entitled to a payment for vested RSUs
under § 6 and a cash dividend (whether ordinary or extraordinary) has been paid
on a share of Stock during the Performance Period, CPI shall pay Key Employee a
dividend equivalent payment. The dividend equivalent payment will equal (a) the
total amount of cash dividends that would have been paid to Key Employee if the
vested RSUs payable under § 6 were

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actually shares of Stock held by Key Employee during the Performance Period plus
(b) any additional cash dividends that would have been payable during the
Performance Period if the cash dividends described in § 5(a) were reinvested in
Stock for the remainder of the Performance Period. Any amounts payable under
this § 5 shall be made at the same time and in the same manner as the payment
under § 6.
6.
Distribution of Payment Represented by RSUs. As soon as practical after the end
of the Performance Period, the Committee will determine the extent to which the
performance goals and the service vesting condition have been met and the number
of vested RSUs payable under this § 6 to Key Employee. The number of vested RSUs
shall equal the sum of the Exhibit A RSUs payable pursuant to Exhibit A plus the
Exhibit B RSUs payable pursuant to Exhibit B. Payment of vested RSUs shall be
made in a single payment in cash to Key Employee (or if Key Employee dies after
the RSUs vest and before payment is made, his Beneficiary) as soon as practical
(and no later than 90 calendar days) after the date the service vesting
condition is met. Notwithstanding the preceding sentence, for a Key Employee who
terminates employment due to Retirement or death, payment of vested RSUs shall
be paid no later than March 15, 2019. Any fractional RSUs shall be rounded down.
The value of each RSU for purposes of determining the cash payment is equal to
the Fair Market Value of one share of Stock on December 31, 2018. Although set
forth in more detail in the Plan, Fair Market Value generally means the average
of the closing price of a share of Stock on each trading day during the 30
calendar day period ending on the applicable valuation date. Any portion of the
RSUs that is not payable because the performance goals are not met shall
automatically be forfeited as of December 31, 2018 or, if earlier, the date Key
Employee’s employment terminates for reasons other than Retirement or death.

7.
Withholding. CPI shall have the right to take whatever action the Committee
directs to satisfy applicable federal, state and other withholding requirements.

8.
Non-transferability and Status as Unsecured Creditor. Key Employee shall have no
right to transfer or otherwise assign Key Employee’s interest in any opportunity
to receive RSUs or the RSUs themselves. All payments pursuant to this
Certificate shall be made from the general assets of CPI, and any claim for
payment shall be the same as a claim of any general and unsecured creditor of
CPI.

9.
Employment and Termination. Nothing in this Certificate shall give Key Employee
the right to continue in employment with CPI or limit the right of CPI to
terminate Key Employee’s employment with or without cause at any time.

10.
    No Shareholder Rights. Key Employee shall have no rights as a shareholder of
CPI as a result of any opportunity or any payment arising under this
Certificate.

11.
Amendment and Termination. The Plan and this Certificate may be modified and/or
terminated as set forth in the Plan.

12.
Miscellaneous. This Certificate shall be governed by the laws of the State of
Georgia.

13.
Coordination with Plan. During the Performance Period, the RSUs subject to this
Certificate shall be treated the same as (a) outstanding Restricted Stock Units
solely for purposes of the adjustment provisions in § 7 of the Plan and (b)
outstanding Awards solely for purposes of the change in control provisions in
§ 8 of the Plan and the amendment provisions in § 9 of the Plan.

14.
Change in Control. For purposes of § 8 of the Plan, the target for the
performance goals (as used in such section) shall mean the performance goal that
results in 100% of the target number of RSUs being payable under § 6.

15.
Short-Term Deferral. Any payments under this Certificate are intended to comply
with the short-term deferral rule set forth in Treasury Regulation
§1.409A-(b)(4), and this Certificate shall be interpreted to effect such intent.

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16.
Clawback. CPI has the right to take any action which the Committee reasonably
determines is required for CPI to comply with the clawback provisions of the
Dodd-Frank Wall Street Reform and Consumer Protection Act.

COUSINS PROPERTIES INCORPORATED

By:                         
Name: Pamela F. Roper
Title: Senior Vice President - General Counsel