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

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

Exhibit 10.54

 
SECOND AMENDMENT TO THE
MASTER NONQUALIFIED PLAN TRUST AGREEMENT
 
THIS SECOND AMENDMENT (this “Second Amendment”) to the Master Nonqualified Plan
Trust Agreement (the “Trust Agreement”) by and between Weingarten Realty
Investors, a real estate investment trust organized under the laws of the State
of Texas (the “Company”) and Reliance Trust Company, a trust company organized
under the laws of the State of Georgia (the “Trustee”) is hereby adopted,
effective as stated herein.
 
W I T N E S S E T H:
 
WHEREAS, the Company and the Trustee entered into the Trust Agreement on August
1, 2006; and
 
WHEREAS, Section 13(a) of the Trust Agreement provides for the amendment of the
Trust Agreement by written instrument executed by the Company and the Trustee;
and
 
WHEREAS, the Company has notified the Trustee of the Company’s removal of the
Trustee under the Trust Agreement with respect to the Weingarten Realty
Investors Deferred Compensation Plan, effective as of the close of business
August 31, 2009; and
 
WHEREAS, it is the intention of the Company that the Trustee continue to serve
as Trustee under the Trust Agreement with respect to the Weingarten Realty
Investors Supplemental Executive Retirement Plan and the Weingarten Realty
Investors Retirement Benefit Restoration Plan; and
 
WHEREAS, the Company and the Trustee now desire to amend the Trust Agreement to
reflect such change;
 
NOW, THEREFORE, Exhibit A to the Trust Agreement is hereby amended, effective as
of the close of business August 31, 2009, to be and read as follows:
 

 
“EXHIBIT A
 
PARTICIPATING PLANS
 
Weingarten Realty Investors Supplemental Executive Retirement Plan
 
Weingarten Realty Investors Retirement Benefit Restoration Plan”
 

 
Except as specifically amended hereby, the Trust Agreement shall remain in full
force and effect as prior to this Second Amendment.
 

 
 

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

 

IN WITNESS WHEREOF, the Company and the Trustee have caused this Second
Amendment to be duly executed as of the 4th day of August, 2009.
 

 
WEINGARTEN REALTY INVESTORS
         
 
By:
/s/ Stephen C. Richter       Stephen C. Richter     Its: Executive Vice Pres.,
Chief Financial Officer          

 

 
RELIANCE TRUST COMPANY
         
 
By:
/s/ Lorraine K. Saunders       Lorraine K. Saunders     Its: Trust Officer      
   

 
 

-2-

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

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