Exhibit 10.1

 

AGE 62 RETIREMENT AGREEMENT

 

 

This Age 62 Retirement Agreement (this “Agreement”) is entered into by and
between Equity Residential (“Equity” or the “Company”) and Alan W. George
(“Executive”) as of February 27, 2020.

 

Witnesseth

 

Whereas, Executive is currently an officer of Equity and an employee of an
Equity affiliate;

 

Whereas, Executive has elected to voluntarily retire, on March 31, 2021 (the
“Retirement Date”), in accordance with the age 62 retirement provisions of
Equity’s Share Incentive Plans relating to hires prior to 2009, after which he
will no longer will be an officer or employee; and

  

Whereas, Executive and Equity wish to memorialize certain terms and conditions
relating to Executive’s retirement and his service to the Company in
anticipation thereof.

 

NOW, THEREFORE, in consideration of the mutual covenants and promises contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Equity and Executive voluntarily
and knowingly agree as follows:

 

1.For the purposes of this Agreement, the term “Equity” includes:  Equity
Residential, Equity Residential Management, L.L.C., Equity Residential Services,
L.L.C., Equity Residential Properties Management Limited Partnership, ERP
Operating Limited Partnership, Equity Residential Properties Management Limited
Partnership II, Equity Residential Properties Management Corp., Equity
Residential Properties Management Corp. II, ERP Holding Co. Inc., Equity
Residential Services II, L.L.C. and to the extent applicable, as direct intended
and third party beneficiaries hereof, their past and present owners, directors,
officers, managers, agents, attorneys, insurers, executives, representatives,
trustees, administrators, fiduciaries, parents, subsidiaries, divisions,
partners, joint ventures, sister corporations and/or affiliated business
entities, predecessors, successors, heirs, and assigns, jointly and severally,
in both their personal and corporate capacities.

2.For purposes of this Agreement, the term “Executive” shall mean Alan W.
George.

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3.Through and including September 1, 2020 (the “CIO Transition Date”), Executive
will continue to serve as Chief Investment Officer of the Company and fulfill
all of the customary duties and responsibilities of that position, while also
assisting in the orderly transition of his responsibilities to Alec Brackenridge
(“New CIO”), currently Executive Vice President-Investments of the
Company.  After the CIO Transition Date and through the Retirement Date,
Executive shall serve the Company as Executive Vice President-Investments
reporting to the Chief Executive Officer, and in such position shall provide
ongoing services to the Company regarding multifamily investment matters as
requested from time to time by the Chief Executive Officer, such as continuing
the orderly transition of responsibilities, providing support for investment
strategies, personnel matters and other duties.

4.Executive will receive his regular base pay for service through and including
the Retirement Date, will not receive any severance relating to his retirement,
and will continue to be reimbursed for reasonable and necessary business
expenses incurred between the date hereof and the Retirement Date. Executive
shall also be paid for unused vacation days and trading days pursuant to Equity
policy.  

5.So long as Executive observes his obligations as described in Section 3,
Executive will receive in the first quarter of 2021, an annual performance
equity grant and annual performance bonus for services provided during 2020 (as
determined under the Company’s Annual Incentive Plan which is part of the
Company’s 2020 Executive Compensation Program), provided, however, as Executive
will be age 62 or older at the time of such grant, he will only be permitted to
receive restricted shares to the extent that he has previously designated such
shares to be deferred to the Company’s Supplemental Executive Retirement Plan
(“SERP”), and otherwise may elect to take all or any of the dollar amount of
such equity grant in cash, restricted units (to the extent restricted units are
offered by the Company) and/or share options.  The grant shall be made at the
same time and manner as made to Equity’s other executive officers and shall be
for service during the entire calendar year 2020, as determined by Equity’s
Compensation Committee and Board of Trustees as part of its normal year-end
process.  

 

Also, so long as Executive observes his obligations as described in Section 3,
Executive will receive in the first quarter of 2022, an annual performance bonus
(but not an annual performance equity grant) for services provided during 2021.
The bonus shall be paid at the same time and manner as made to Equity’s other
executive officers and shall be in an amount determined by proportional
allocation (taking into account the time Executive worked during the 2021
calendar year), as determined by Equity’s Compensation Committee and Board of
Trustees as part of its normal year-end process.

 

6.All of Executive’s current and future long-term compensation equity grants,
including any shares to be issued or restricted units to be retained under the
Company’s 2018, 2019 and 2020 LTI Plans (a/k/a Performance Share Plans), will
vest immediately on the Retirement Date, all options will continue to be
exercisable for the balance of the applicable ten-year option period and any
restricted units shall continue to be subject to the two-year hold and any
potential book-up events.  

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7.a.To the extent that the Company’s other executives that report to the Chief
Executive Officer are granted LTI awards under a 2021 LTI Plan and Executive is
continuing to observe his obligations hereunder in 2021, Executive will be a
participant under the Company’s 2021 LTI Plan (a/k/a Performance Share Plan),
and Executive’s retirement on March 31, 2021 shall qualify as a “Qualified
Termination” of employment under such Plan and the prorated payout provisions in
such Plan shall control.        

b.Pursuant to the Executive Retirement Benefits Agreement entered into by
Executive and Equity Residential in February 2001, Equity will continue to
provide Executive, his spouse and eligible dependents with company sponsored
medical, dental and vision health insurance benefits and life insurance
benefits, (initially at the same amount of coverage in existence as of the
Retirement Date) for the period from the Retirement Date until Executive’s
death, subject to the same terms and conditions (including making the same
monthly contributions as existing employees) as are applicable to active
full-time Equity employees.  The Company sponsored life insurance shall be
subject to the provider’s standard age reduction schedule for active full-time
employees, and Equity will not provide Executive with any disability or
accidental death or dismemberment benefits after the Retirement Date.  Also,
from and after the date that the Executive (and/or the Executive’s spouse, as
applicable) becomes eligible for Medicare (typically the age of 65), the
Executive (and/or his spouse, as applicable) is required to enroll in Medicare
Parts A & B, and Medicare will be such individual’s primary insurer (and
Equity’s plan will be secondary).  Equity will credit the Executive for the
amount the Executive pays for Medicare Part B on behalf of himself (and/or his
spouse) against the monthly contributions the Executive would otherwise pay for
coverage under the Equity plan.  Equity’s obligations to provide Executive with
the benefits hereunder shall survive any sale of Equity and/or its
discontinuation of any such company sponsored plans and shall be binding on its
successors and assigns, in which case Equity and/or its successors and assigns
shall remain obligated to provide Executive with similar benefits as offered
from time to time by other large public company sponsored health and life
insurance plans.  Executive acknowledges that the value of Equity’s cost of
providing insurance to Executive and his spouse as described in this paragraph
may be taxable to Executive.  The agreements in this paragraph between Equity &
Executive relating to Executive’s Executive Retirement Agreement are the same as
those entered into in 2017 and 2018 by Equity and other executives with similar
executive retirement agreements.   

c. Effective on the Retirement Date, Executive will be fully vested in the split
dollar life insurance policies purchased by Equity on his behalf in December,
1997, and any cash surrender value applicable thereto.  At the Retirement Date,
Equity will release its collateral assignment of such policies, thereby
releasing its right to receive any portion of the life insurance benefits and
premiums paid by Equity. The cash surrender value may be taxable to the
Executive, in which case applicable withholdings and other required deductions
will be made.

d. Executive agrees that after the Retirement Date, and upon request, he will
cooperate with and assist Equity from time to time in the investigation and
defense of claims brought by or against Equity, and Equity shall reasonably
compensate Executive for his time and efforts.

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e. Notwithstanding anything else in this Agreement to the contrary, the Amended
and Restated Change in Control/Severance Agreement entered into between the
Company and the Executive dated November 15, 2001 (as amended by First Amendment
dated February 23, 2009) will be null and void as of the Retirement Date.  

8.Executive agrees not to make false or disparaging remarks about Equity or any
Equity executive officer or trustee.

9. Executive acknowledges that in his capacity as an Equity officer and
employee, he has obtained or had revealed to him a great deal of information of
the utmost confidentiality, including but not limited to information of a
personal nature about present and former employees of Equity, Equity’s internal
policies and procedures, Equity’s financial performance and condition, and
Equity’s business plans and strategies. Executive further understands and
acknowledges that some of this information (“Confidential Information”) is
protected from disclosure by the attorney/client privilege, self-critical
analysis privilege or other legally recognized privilege.  Executive therefore
agrees that at no time, unless he has obtained prior written consent from
Equity’s General Counsel, will he use for his benefit or the benefit of any
third party, or disclose to anyone, any Confidential Information.  Executive
further agrees that if he is uncertain as to whether particular information is
subject to the prohibitions of this paragraph, he will consult with Equity’s
General Counsel before using or disclosing such information.   The term
“Confidential Information” as used in this paragraph does not include
information which (i) is or has become a matter of public record other than by
way of an unauthorized disclosure by Executive; (ii) is generally known in the
multi-family residential industry; (iii) is non-privileged and has been
disclosed by Equity to people outside the Equity organization; or (iv) is
required to be disclosed by law.  Executive agrees to immediately notify
Equity’s General Counsel in the event he is contacted by any party (including,
without limitation, process servers) seeking to institute or associate Executive
with legal proceedings that involve Equity or Executive’s service at Equity.  

10. Executive acknowledges and agrees that due to the uniqueness of his services
and confidential nature of the Confidential Information he possesses, the
covenants set forth herein are reasonable and necessary for the protection of
the legitimate business interests of Equity.

11. Except as provided below, Executive hereby fully, finally, and
unconditionally releases Equity from any and all claims, suits, demands,
charges, debts, grievances, costs, attorneys’ fees or injuries of every kind or
nature, whether known or unknown, absolute or contingent, suspected or
unsuspected, which Executive had or now has against Equity based on any matter
or thing occurring or arising prior to the date of this Agreement, including but
not limited to claims arising out of or relating to Executive’s employment with
Equity or the separation of Executive’s employment from Equity.  This release
includes, but is not limited to, claims for breach of any implied or express
employment contract, wrongful discharge or layoff, constructive discharge,
retaliatory discharge, defamation, intentional or negligent infliction of
emotional distress, invasion of privacy, negligence, impairment of economic
opportunity or other common law matters; claims for wages, bonuses or other
compensation; and claims of any constitutional right or discrimination based on
age, color, concerted activity, disability, marital status, national origin,
parental status, race, religion, retaliation, sex, sexual orientation, source of
income or veteran’s status, including but not limited to claims arising under
Title VII of the Civil

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Rights Act of 1964, the Civil Rights Act of 1991, the Americans With
Disabilities Act, the Age Discrimination In Employment Act Of 1967, the Older
Workers Benefit Protection Act, the Executive Retirement Income Security Act,
the Equal Pay Act, the Family And Medical Leave Act, and any amendments to any
of these statutes, as well as any other state and local statutes and ordinances
prohibiting discrimination in employment, including but not limited to the laws
of the states of  Illinois and any other state or locale in which Equity
conducts business.  Executive further waives any right to monetary recovery
should any administrative agency pursue any released claim on Executive’s
behalf.  If for any reason any such agency takes the position that a pending
charge has been brought on Executive’s behalf or encompasses Executive,
Executive agrees to immediately advise the agency in writing that he does not
wish to be involved in the matter and that the agency should terminate all
efforts on Executive’s behalf, all claims having been fully and fairly satisfied
by this Agreement.    Nothing in this paragraph shall affect or be deemed to
compromise Executive’s rights or remedies under any Equity benefit plan or
compensation program in which he participates, including but not limited to the
Supplemental Executive Retirement Plan, Advantage Retirement Plan (“401K”),
Executive Long-Term Incentive Plan, provisions of the limited partnership
agreement of ERP Operating Limited Partnership relating to LTIP Units, and the
2011 Share Incentive Plan.  Also excluded from this release are any claims or
administrative charges which cannot be waived by law, claims relating to
enforcement of the Agreement, and claims for indemnification arising under law,
by-laws or contract.  EXECUTIVE UNDERSTANDS AND AGREES THAT THIS RELEASE FOREVER
BARS EXECUTIVE FROM SUING, ARBITRATING OR OTHERWISE ASSERTING A CLAIM AGAINST
EQUITY ON ANY RELEASED CLAIM.

12. It is expressly understood by Executive and Equity that, Equity does not, in
any way, either directly or indirectly, by inference or otherwise, admit to any
liability or wrongdoing, to any violation under any law, statute, regulation,
ordinance or contract or waive defenses as to those matters within the scope of
this Agreement and that no court, agency, or arbitrator has found Equity so
liable or to have committed any such violation.

13. Not later than 90 days following the Retirement Date, Executive shall submit
a final travel and expense report to Equity itemizing all outstanding travel and
business expenses which have not been previously reimbursed.  The report will
include all information and supporting documentation normally provided under
Equity’s practices and procedures. Equity shall promptly reimburse Executive for
any such reimbursable expenses.

14. As a condition to the receipt of the payments and other benefits described
in this Agreement, except those to be provided before the Retirement Date or
otherwise required by law, Executive agrees that within twenty-one (21) days
after the Retirement Date, he will sign and be bound by the original of the
General Release and Waiver Agreement attached to this Agreement as Exhibit A,
such release to be provided to Executive on or about the Retirement Date.

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15. This Agreement sets forth all of the terms and conditions of the agreement
between the parties on the matters set forth in this Agreement and shall be
considered and understood to be a contractual commitment and not a mere
recital.  This Agreement shall be binding upon Equity and its successors and
assigns and upon Executive and his agents, heirs, executors, representatives and
assigns (including spouse and eligible dependents as applicable
hereunder).  Each party shall bear and pay his or its own costs and attorneys’
fees with regard to the negotiations involved with entering into this Agreement.

16.A waiver of any right under this Agreement must be in writing to be
effective.  If any portion of this Agreement is held invalid by operation of
law, the remaining terms of this Agreement shall not be affected.  The language
of all parts of this Agreement shall in all cases be construed as a whole,
according to its fair meaning, and not strictly for or against either of the
parties.  This Agreement shall be governed by and construed in accordance with
the laws of the State of Illinois, (without giving effect to the conflict of
laws principles thereof) except to the extent federal laws apply.

17.Equity and Executive agree that notwithstanding any other agreement between
Equity and Executive, any claim, lawsuit, arbitration or other litigation
directly or indirectly arising from or related to this Agreement shall be
instituted exclusively in the courts of Cook County, Illinois.  In the event of
a breach by either party of any term of this Agreement, in addition to
injunctive relief or any other damages, the non-breaching party may recover all
costs and expense reasonably incurred by it in enforcing this Agreement or
defending against a suit brought in violation of this Agreement, including
reasonable attorneys’ fees.

18. Executive acknowledges that this Agreement constitutes written notice from
Equity that it advises Executive to seek legal counsel before signing this
Agreement, and that he has had an opportunity to do so.

19.In case any one or more of the provisions contained in this Agreement shall,
for any reason under the laws of the jurisdiction, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability under the laws of such jurisdiction shall not affect any other
provisions of this Agreement, but this Agreement shall be construed to minimize
the effect of such invalid, illegal or unenforceable provision and to give the
greatest effect to the transactions contemplated by this Agreement; provided,
however, that any such invalidity, illegality or unenforceability in any
jurisdiction shall not invalidate such provision in any other jurisdiction.

20. This Agreement cannot be modified, withdrawn, rescinded or supplemented in
any manner after the date upon which it is executed except in a writing signed
by both parties.  Executive acknowledges that in executing this Agreement he
does not rely on any inducements, promises or representations made by Equity
other than those expressly stated herein.  Executive further declares that he
has read this Agreement and fully understands its terms and contents, including
his rights and obligations hereunder, and freely, voluntarily and without
coercion enters into this Agreement.

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In Witness Whereof, this Agreement has been executed as of the above date.

 

 

EQUITY RESIDENTIAL

 

 

EXECUTIVE

 

 

 

 

 

 

 

 

 

 

By:

/s/ Scott J. Fenster

 

By:

/s/ Alan W. George

Name:

Scott J. Fenster

 

 

Alan W. George

Its:

Executive Vice President & General Counsel

 

 

 

 

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EXHIBIT A

 

 

GENERAL RELEASE AND WAIVER AGREEMENT

 

THIS GENERAL RELEASE AND WAIVER AGREEMENT (this “Agreement”) is entered into by
and between EQUITY RESIDENTIAL (“Equity”), and ALAN W. GEORGE (“Executive”) on
____________ and shall be effective upon the expiration of the revocation period
referred to herein (the “Effective Date”).

.

WHEREAS, Executive and Equity entered into a Retirement Agreement
dated  February ____, 20__ (the “Retirement Agreement”), to document Executive’s
retirement from Equity effective on March 31, 2021 and

 

WHEREAS, Executive agreed in the Retirement Agreement to execute a General
Release and Waiver Agreement to receive certain benefits thereunder; and

 

WHEREAS, Executive and Equity desire to settle, compromise, and resolve any and
all potential differences and disputes between them without the burden, expense
and delay of litigation and without admission by any party of any fault or
liability; and

 

WHEREAS, this Agreement constitutes the General Release and Waiver Agreement;
and

 

NOW, THEREFORE, in consideration of the mutual covenants and promises herein
contained, and in the Retirement Agreement, and for other good and valuable
consideration, receipt and sufficiency of which is hereby acknowledged,
Executive and Equity voluntarily and knowingly agree as follows:

 

1.For the purposes of this Agreement, the term “Equity” includes:  Equity
Residential, Equity Residential Management, L.L.C., Equity Residential Services,
L.L.C., Equity Residential Properties Management Limited Partnership, ERP
Operating Limited Partnership, Equity Residential Properties Management Limited
Partnership II, Equity Residential Properties Management Corp., Equity
Residential Properties Management Corp. II, ERP Holding Co. Inc., Equity
Residential Services II, L.L.C. and to the extent applicable, as direct intended
and third party beneficiaries hereof, their past and present owners, directors,
officers, managers, agents, attorneys, insurers, executives, representatives,
trustees, administrators, fiduciaries, parents, subsidiaries, divisions,
partners, joint ventures, sister corporations and/or affiliated business
entities, predecessors, successors, heirs, and assigns, jointly and severally,
in both their personal and corporate capacities.

2.For the purposes of this entire Agreement, the term “Executive” shall include
Alan W. George, his heirs, successors, agents and assigns.

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3.Except as provided below, Executive hereby fully, finally, and unconditionally
releases Equity from any and all claims, suits, demands, charges, debts,
grievances, costs, attorneys’ fees or injuries of every kind or nature, whether
known or unknown, absolute or contingent, suspected or unsuspected, which
Executive had or now has against Equity based on any matter or thing occurring
or arising prior to the date of this Agreement, including but not limited to
claims arising out of or relating to Executive’s employment with Equity or the
separation of Executive’s employment from Equity.  This release includes, but is
not limited to, claims for breach of any implied or express employment contract,
wrongful discharge or layoff, constructive discharge, retaliatory discharge,
defamation, intentional or negligent infliction of emotional distress, invasion
of privacy, negligence, impairment of economic opportunity or other common law
matters; claims for wages, bonuses or other compensation; and claims of any
constitutional right or discrimination based on age, color, concerted activity,
disability, marital status, national origin, parental status, race, religion,
retaliation, sex, sexual orientation, source of income or veteran’s status,
including but not limited to claims arising under Title VII of the Civil Rights
Act of 1964, the Civil Rights Act of 1991, the Americans With Disabilities Act,
the Age Discrimination In Employment Act Of 1967, the Older Workers Benefit
Protection Act, the Executive Retirement Income Security Act, the Equal Pay Act,
the Family And Medical Leave Act, and any amendments to any of these statutes,
as well as any other state and local statutes and ordinances prohibiting
discrimination in employment, including but not limited to the laws of the
states of  Illinois and any other state or locale in which Equity conducts
business.  Executive further waives any right to monetary recovery should any
administrative agency pursue any released claim on Executive’s behalf.  If for
any reason any such agency takes the position that a pending charge has been
brought on Executive’s behalf or encompasses Executive, Executive agrees to
immediately advise the agency in writing that he does not wish to be involved in
the matter and that the agency should terminate all efforts on Executive’s
behalf, all claims having been fully and fairly satisfied by this
Agreement.    Nothing in this paragraph shall affect or be deemed to compromise
Executive’s rights or remedies under any Equity benefit plan or compensation
program in which he participates, including but not limited to the Supplemental
Executive Retirement Plan, Advantage Retirement Plan (“401K”), Executive
Long-Term Incentive Plan, provisions of the limited partnership agreement of ERP
Operating Limited Partnership relating to LTIP Units, and the 2011 and 2019
Share Incentive Plans.  Also excluded from this release are any claims or
administrative charges which cannot be waived by law, claims relating to
enforcement of the Retirement Agreement and/or this Agreement, and claims for
indemnification arising under law, by-laws or contract.  EXECUTIVE UNDERSTANDS
AND AGREES THAT THIS RELEASE FOREVER BARS EXECUTIVE FROM SUING, ARBITRATING OR
OTHERWISE ASSERTING A CLAIM AGAINST EQUITY ON ANY RELEASED CLAIM.

4.It is expressly understood by Executive and Equity that this Agreement is
being entered into pursuant to the terms of the Retirement Agreement, and is
solely for the purpose of settling matters set forth in this Agreement and that
by entering this Agreement, Equity does not, in any way, either directly or
indirectly, by inference or otherwise, admit to any liability or wrongdoing, to
any violation under any law, statute, regulation, ordinance or contract or waive
defenses as to those matters within the scope of this Agreement and that no
court, agency, or arbitrator has found Equity so liable or to have committed any
such violation.

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5.Executive warrants that he has returned to Equity all property belonging to
Equity (including, but not limited to, business records, office and apartment
keys, credit cards, computers, computer software, etc.) except any items
expressly agreed that Executive may retain.

6.Executive represents and warrants that he has not filed or brought any claim
or charge against Equity with any court, arbitral tribunal, administrative
agency, governmental agency or other such body.

7.This Agreement sets forth all of the terms and conditions of the agreement
between the parties on the matters set forth in this Agreement and shall be
considered and understood to be a contractual commitment and not a mere
recital.  

8.This Agreement shall be binding upon Equity and its successors and assigns and
upon Executive, and his respective agents, heirs, executors, representatives,
and assigns.  

9.Each party shall bear and pay his or its own costs and attorneys’ fees with
regard to this Agreement and any matters covered herein.

10.A waiver of any right under this Agreement must be in writing to be
effective. If any portion of this Agreement is held invalid by operation of law,
the remaining terms of this Agreement shall not be affected.  

11.The language of all parts of this Agreement shall in all cases be construed
as a whole, according to its fair meaning, and not strictly for or against
either of the parties.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Illinois, (without giving effect to the
conflict of laws principles thereof) except to the extent that federal laws
apply.

12.The parties agree and acknowledge that should either party violate any term
of this Agreement, the amount of damages that party would suffer as a result of
such violation would be difficult to ascertain.  In the event of a breach by
either party of any term of this Agreement, in addition to injunctive relief or
any other damages, the non-breaching party may recover all costs and expense
reasonably incurred by it in enforcing this Agreement or defending against a
suit brought in violation of this Agreement, including reasonable attorneys’
fees.

13.Executive acknowledges that he has been given twenty-one (21) days from the
date he received this Agreement to consider its terms and decide whether or not
to sign it.  The twenty-one (21) day period started on the day Executive
received this Agreement, and any changes to this Agreement, whether or not
material, do not restart the running of the twenty-one (21) day period.
Executive understands that he may revoke this Agreement at any time within the
seven (7) day period following execution thereof and that this Agreement shall
become effective and enforceable only when the revocation period has expired and
Executive has not revoked this Agreement.  

14.Executive acknowledges that this Agreement constitutes written notice from
Equity that it advises Executive to seek legal counsel before signing this
Agreement, and that he has had an opportunity to do so.

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15.This Agreement cannot be modified, withdrawn, rescinded or supplemented in
any manner after the date upon which it is executed except in a writing signed
by both parties.

16.Except as otherwise expressly set forth herein and in the Retirement
Agreement (which remains in full force and effect), and except for any
agreements excluded from the release given by Executive in Section 3 above, this
Agreement resolves all matters between Equity and Executive and supersedes any
other written or oral agreement between Equity and Executive concerning the
subject matter of this Agreement.

17.Executive acknowledges that in executing this Agreement he does not rely on
any inducements, promises or representations made by Equity other than those
expressly stated herein, in the Retirement Agreement, and/or in agreements
excluded from the release given by Executive in Section 3 above.   Further,
Executive declares that he has completely read this Agreement and fully
understands its terms and contents, including his rights and obligations
hereunder, and freely, voluntarily and without coercion enters into this
Agreement.  

 

EQUITY RESIDENTIAL

 

EXECUTIVE

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

 

 

 

 

ALAN W. GEORGE