exhibit102






Exhibit 10.2  1        RESTRICTED STOCK AWARDS AGREEMENT    RESTRICTED STOCK AWARDS AGREEMENT, dated as of June 9, 2021, by and between  BRT Apartments Corp., a Maryland corporation, having its principal place of business at 60 Cutter Mill  Road, Great Neck, New York 11021 (the “Company”) and the person named on the signature page of this  Agreement (“Holder”).    W I T N E S S E T H    A. The Board of Directors of the Company adopted, and the stockholders of the Company  approved, the BRT Apartments Corp. 2020 Incentive Plan (the “Plan”), a copy of which is made a part  hereof (the “Plan”);      B. The Holder acknowledges that it previously received a copy of the Plan;    C. The Compensation Committee of the Board of Directors (“Committee”) has approved an  award of restricted shares of the Company’s common stock, $0.01 par value per share (the “Restricted  Stock”) to the Holder, all in accordance with the terms and conditions of the Plan and this Agreement; and    D. Unless otherwise defined herein, the defined terms used in this Agreement shall have the  meanings set forth in the Plan.    NOW THEREFORE, in consideration of the foregoing and the mutual promises herein contained,  the Company and the Holder hereby agree as follows:    1. Participant.  Holder is a Participant.    2. Award.  Holder is hereby awarded the number of shares of Restricted Stock set forth  opposite Holder’s name on the signature page hereof.  At the sole discretion of the Company, the Restricted  Stock will be issued in either (a) uncertificated form, with such shares recorded in the name of the Holder  on the books and records of the Company’s transfer agent (the “Transfer Agent”) with appropriate  notations to reflect the restrictions imposed by the Plan and this Agreement; or (b) certificated form.     3. Stock Power; Legend.  The Restricted Stock registered in the name of the Holder shall  remain, either directly, or indirectly through the Transfer Agent, in the custody of the Company.  The  Holder shall execute, deliver to and deposit with the Company a stock power, duly endorsed in blank, so as  to permit the re-transfer to the Company of the Restricted Stock if the Restricted Stock shall be forfeited or  otherwise does not vest in accordance with the Plan and this Agreement.  The certificate representing the  Restricted Stock shall bear (or if the Restricted Stock is issued in uncertificated form, the books and records  of the Transfer Agent shall reflect) the following (or other similar) restrictive legend:    “The transferability of these shares is subject to the terms and conditions of the BRT  Apartments Corp. 2020 Incentive Plan and to the terms and conditions of an Agreement  entered into between the owner of these shares and BRT Apartments Corp.  Copies of the  Plan and the Agreement are on file at the offices of the Company.”    4. Vesting of Restricted Stock.  (a) Unless the Restricted Stock is earlier forfeited pursuant  to this Agreement or the Plan, the Period of Restriction for the Restricted Stock shall terminate upon the  earlier of (such date, the “Vesting Date,”) (i) the death, Disability or Retirement of the Holder, (ii) June 8,  2026, and (iii) a Change in Control.     (b) On the Vesting Date, (i) the Period of Restriction shall terminate, (ii) the Restricted Stock shall  vest and be delivered to the Holder and (iii) Retained Distributions (as defined in Section 5), if any, with  respect to the Restricted Stock shall vest and be delivered (and in the case of subparagraphs (ii) or (iii), if  





 






    2    the Restricted Stock or Retained Distributions are in uncertificated form, made available by the Transfer  Agent) to Holder.       5. Rights During Restriction Period.  During the Period of Restriction, if the Restricted  Stock has not been forfeited, Holder will have the right to vote the Restricted Stock, to receive and retain  dividends and distributions paid or distributed on the Restricted Stock by the Company in the ordinary  course of its business as a real estate investment trust and to exercise all other rights, powers and privileges  of a holder of the Company’s Shares (as defined in the Plan) with respect to the Restricted Stock, except  that (a) the Holder will not be entitled to delivery of the stock certificate representing the Restricted Stock  until the Vesting Date, (b) the Company (either directly, or indirectly through the Transfer Agent) will  retain custody of the Restricted Stock until the Vesting Date, (c) other than regular and special distributions  paid by the Company in the ordinary course of its business as a real estate investment trust, the Company  will retain custody of all distributions made or declared with respect to the Restricted Stock (the “Retained  Distributions”) until the Vesting Date, and such Retained Distributions shall not vest or bear interest or be  segregated in a separate account, (d) the Holder may not sell, assign, transfer, pledge, encumber or dispose  of the Restricted Stock or any Retained Distributions or his or her interest in any of them until the Vesting  Date, and (e) a breach of any restrictions, terms or conditions provided herein or in the Plan will cause a  forfeiture of the Restricted Stock and any Retained Distributions with respect thereto.    6. Forfeiture.  In the event that during the Period of Restriction the Holder ceases to be a  Participant for any reason other than Holder’s death, Disability, Retirement or a Change in Control, then  the Holder’s rights to the Restricted Stock and to any Retained Distributions shall be forfeited, the  Company shall transfer the certificate representing (or if the Restricted Stock is issued in uncertificated  form, shall instruct the Transfer Agent to transfer) the Restricted Stock to the Company and the Holder  shall not have any rights whatsoever (including the right to receive any dividends and voting rights) with  respect to the Restricted Stock and the Retained Distributions.     7. Changes in Status as a Participant.  Nothing contained in this Agreement shall interfere in  any way with the right of the Company, its Subsidiaries or affiliates to terminate the Holder’s status as a  Participant.    8. Pledge, Sale Assignment, Etc.  Holder shall not permit the Restricted Stock to be subject  to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or  charge and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer,  encumber or charge shall be deemed void by the Company, and the Committee may, at its sole discretion  cause the Restricted Stock to be forfeited upon such event.  No right or benefit hereunder shall in any  manner be liable for or subject to the debts, contracts, liabilities or torts of the Holder.    9. Stock Registration.  The Holder acknowledges that the Restricted Stock has been  registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a Registration  Statement on Form S-8, and that until such time as the Restriction Period has been satisfied or accelerated,  the Restricted Stock may not be sold, assigned, transferred, pledged, exchanged, encumbered or disposed  of, except pursuant to the Securities Act of 1933 and the rules and regulations thereunder and the rules and  regulations of any securities exchange or association on which the Shares may be listed or quoted.    10. Board’s Authority.  The execution and delivery by the Company of this Agreement shall  not be construed as creating any limitations on the power of the Board of Directors to adopt such other  incentive arrangements as it may deem desirable, including without limitation, the granting of stock options  and the awarding of stock and cash otherwise than under the Plan, and such arrangements may be either  generally applicable or applicable only in specific cases.    11. Incentive Compensation.  By acceptance of the Restricted Stock and the execution of this  Agreement, the Holder agrees that the Restricted Stock is special incentive compensation that will not be  taken into account, in any manner, as salary, compensation or bonus in determining the amount of any  payment under any pension, retirement or other employee benefit plan, program or policy of the Company,  Subsidiary or any affiliate.  In addition, each beneficiary of a deceased Holder shall be deemed to have  





 






    3    agreed that the Restricted Stock will not effect the amount of any life insurance, if any, provided by the  Company, any Subsidiary or affiliate on the life of the Holder which is payable to such beneficiary under  any life insurance plan covering Eligible Participants.    12. No Segregation.  Neither the Company nor any Subsidiary shall be required to segregate  any cash or Shares which may at any time be represented by awards under the Plan and the Plan shall  constitute an “unfunded” plan of the Company.  Neither the Company nor any Subsidiary shall by any  provisions of the Plan be deemed a trustee of any Shares or any other property, and the liabilities of the  Company and any Subsidiary to the Holder pursuant to the Plan shall be those of a debtor pursuant to such  contract obligations as are created by or pursuant to the Plan and this Agreement and the rights of the  Holder or his/her beneficiary under the Plan shall be limited to those of a general creditor of the Company  or the applicable Subsidiary, as the case may be.     13. Clawback Policy.  The Participant acknowledges and agrees that the grant of the  Restricted Stock and the payment of dividends thereon is subject to the applicable provisions of any claw- back policy implemented by the Company, whether implemented prior to or after the grant of such  Restricted Stock.           





 






    4      IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first  above written.            BRT APARTMENTS CORP.      By: ______________________  David W. Kalish,  Senior Vice President - Finance      Name of Holder    Number of Shares of Restricted Stock   Awarded to Holder           _____________________  Signature of Holder      _____________________  Holder’s Address      ___________________________  Holder’s Social Security Number