Document:

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EXHIBIT 10.01

AMENDED AND RESTATED

ARDEN REALTY LIMITED PARTNERSHIP

DEFERRED COMPENSATION PLAN

ARTICLE I.

Purpose

     The purpose of this Plan is to provide specified benefits to a select group of management and
highly compensated employees who contribute materially to the continued growth, development and
future success of Arden Realty Limited Partnership, a Maryland limited partnership, and Arden
Realty, Inc. a Maryland corporation, and its subsidiaries, if any, that sponsor this Plan. This
Plan shall be unfunded for tax purposes and for purposes of Title I of ERISA.

ARTICLE II.

Definitions

     As used within this document, the following words and phrases have the meanings described in
this Article II unless a different meaning is required by the context. Some of the words and
phrases used in the Plan are not defined in this Article II, but for convenience, are defined as
they are introduced into the text. Words in the masculine gender shall be deemed to include the
feminine gender. Any headings used are included for ease of reference only and are not to be
construed so as to alter any of the terms of the Plan.

     2.1 Base Salary. A Participant’s annual cash compensation relating to services
performed during any calendar year, whether or not paid in such calendar year or included on the
Federal Income Tax form W-2 for such calendar year, excluding bonuses, commissions, overtime,
fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards,
directors fees and other fees, automobile and other allowances paid to a Participant for employment
services rendered (whether or not such allowances are included in the Participant’s gross income).
Base Salary shall be calculated before reduction for compensation voluntarily deferred or
contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and
shall be calculated to include amounts not otherwise included in the Participant’s gross income
under Code Sections 125, 402(e)(3), 402(h) or 403(b) pursuant to plans established by any Employer;
provided, however, that all such amounts will be included in compensation only to the extent that,
had there been no such plan, the amount would have been payable in cash to the Participant.

     2.2 Beneficiary. An individual or entity designated by a Participant in accordance
with Section 13.8.

     2.3 Board or Board of Directors. The Board of Directors of the Corporation.

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     2.4 Bonus. Cash earnings awarded to a Participant as incentive compensation at the
option of any Employer which may or may not occur during each Plan Year.

     2.5 Cause.

          (a) A Participant’s conviction for commission of a felony or a crime involving moral
turpitude;

          (b) A Participant’s willful commission of any act of theft, embezzlement or misappropriation
against an Employer which, in any such case, is materially and demonstrably injurious to the
Employer; or

          (c) A Participant’s willful and continued failure to substantially perform his or her duties
as an employee of an Employer (other than such failure resulting from Executive’s incapacity due to
physical or mental illness), which failure is not remedied within a reasonable time after written
demand for substantial performance is delivered by the Employer which specifically identifies the
manner in which the Employer believes that the Participant has not substantially performed his or
her duties.

     For purposes of this Section 2.6, no act, or failure to act, on a Participant’s part shall be
deemed “willful” unless done, or omitted to be done, by the Participant not in good faith.

     2.6 Change in Control. For purposes of this Agreement, a “Change in Control” shall
mean the occurrence of any of the following events:

          (a) the individuals constituting the Board as of the Effective Date (the “Incumbent
Board”) cease for any reason to constitute at least two-thirds (2/3rds) of the Board;
provided, however, that if the election, or nomination for election by the Corporation’s
stockholders, of any new director was approved by a vote of at least two-thirds (2/3rds) of
the Incumbent Board, such new director shall be considered a member of the Incumbent Board;

          (b) an acquisition of any voting securities of the Corporation (the “Voting
Securities”) by any “person” (as the term “person” is used for purposes of Section 13(d) or
Section 14(d) of the Securities Exchange Act of 1934, as amended (the “1934 Act”))
immediately after which such person has “beneficial ownership” (within the meaning of Rule
13d-3 promulgated under the 1934 Act) (“Beneficial Ownership”) of 20% or more of the
combined voting power of the Corporation’s then outstanding Voting Securities;

          (c) approval by the stockholders of the Corporation of:

     (i) a merger, consolidation, share exchange or reorganization involving the
Corporation, unless

          (1) the stockholders of the Corporation, immediately before such
merger, consolidation, share exchange or reorganization, own, directly or
indirectly immediately following such merger, consolidation,

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share exchange
or reorganization, at least 80% of the combined voting power of the
outstanding voting securities of the corporation that is the successor in
such merger, consolidation, share exchange or reorganization (the “Surviving
Corporation”) in substantially the same proportion as their ownership of the
Voting Securities immediately before such merger, consolidation, share
exchange or reorganization; and

          (2) the individuals who were members of the Incumbent Board immediately
prior to the execution of the agreement providing for such merger,
consolidation, share exchange or reorganization constitute at least
two-thirds (2/3rds) of the members of the board of directors of the
Surviving Corporation;

          (ii) a complete liquidation or dissolution of the Corporation; or

          (iii) an agreement for the sale or other disposition of all or substantially
all of the assets of the Corporation; or

          (d) any Person is or becomes the Beneficial Owner of securities of the Corporation
representing ten percent (10%) or more of the combined voting power of the Corporation’s
then outstanding securities and (A) the identity of the Chief Executive Officer of the
Corporation is changed during the period beginning sixty (60) days before the attainment of
the ten percent (10%) beneficial ownership and ending two (2) years thereafter, or (B)
individuals constituting at least one-third (1/3) of the members of the Board at the
beginning of such period shall leave the Board during the period beginning sixty (60) days
before the attainment of the ten percent (10%) beneficial ownership and ending two (2) years
thereafter.

     2.7 Code. The Internal Revenue Code of 1986. Reference to a section of the Code
shall include that section and any comparable section or sections of any future legislation that
amends, supplements or supersedes such section.

     2.8 Committee. The Compensation Committee of the Board of Directors.

     2.9 Contribution Account. The account established for a Participant pursuant to
Section 5.1 of the Plan Document.

     2.10 Corporation. Arden Realty, Inc., a Maryland corporation.

     2.11 Deferral Election. The election made by the Participant pursuant to Section 4.1
of the Plan Document.

     2.12 Deferral Period. The Plan Year, or in the case of a newly hired or promoted
employee who becomes an Eligible Employee during a Plan Year, the remaining portion of the Plan
Year.

     2.13 Disability. A physical or mental incapacity as a result of which a Participant
becomes unable to continue the proper performance of his or her duties as an employee of his or

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her
Employer for six consecutive calendar months or for shorter periods aggregating 180 business days
in any 12 month period, but only to the extent that such definition does not violate the Americans
with Disabilities Act. The existence of a Disability shall be determined by the Committee on the
advice of a physician chosen by the Committee.

     2.14 Effective Date. June 1, 2002.

     2.15 Eligible Employee. Any person who is an employee of any Employer and who is
designated by the Employer or the Committee as being eligible to participate in the Plan.

     2.16 Employer. Arden Realty Limited Partnership, the Corporation and/or any of its
subsidiaries (now in existence or hereafter formed or acquired) that have been selected by the
Board to participate in the Plan and have adopted the Plan as a sponsor.

     2.17 ERISA. The Employee Retirement Income Security Act of 1974, as amended.

     2.18 IRS. The Internal Revenue Service.

     2.19 Normal Retirement Age. Sixty-five (65) years.

     2.20 Normal Retirement Date. The first day of the first month coincident with or next
following the date on which a Participant reaches Normal Retirement Age.

     2.21 Participant. Any individual who becomes eligible to participate in the Plan
pursuant to Article III of the Plan Document.

     2.22 Participant Agreement and Election Form. The written agreement to defer Salary
and/or Bonuses made by the Participant. Such written agreement shall be in a format designated by
the Plan Administrator.

     2.23 Plan. The Amended and Restated Arden Realty Limited Partnership Deferred
Compensation Plan.

     2.24 Plan Administrator. The Committee unless the Committee designates another
individual or entity to hold the position of the Plan Administrator.

     2.25 Plan Year. For the initial Plan Year, the period beginning June 1, 2002, and
ending on December 31, 2002. Thereafter, “Plan Year” means the 12-month period beginning each
January 1 and ending on the following December 31.

     2.26 Trust. The agreement of trust between any Employer(s) and the trustee under
which the assets of the Plan are held, administered and managed, as amended from time to time.

     2.27 Valuation Date. Each business day of the Plan Year.

     2.28 Years of Service. Each twelve (12) month period during which a Participant is
employed by an Employer, whether or not continuous, and including periods commencing prior to the
Effective Date; provided, however, that in the case of a Participant whose employment

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with an
Employer has been interrupted by a period of twelve (12) consecutive months or more (a “Break in
Service”), his or her Years of Service prior to such Break in Service shall be disregarded for any
purpose under the Plan.

ARTICLE III.

Eligibility and Participation

     3.1 Participation for Employer Contributions — Eligibility. Participation in the Plan
is open only to Eligible Employees. Each Eligible Employee as of the Effective Date shall
automatically become eligible to participate in the Plan with respect to Employer contributions
under Section 4.3 as of the Effective Date. Any employee becoming an Eligible Employee after the
Effective Date, e.g., new hires or promoted employees, shall automatically become eligible to
participate in the Plan with respect to Employer contributions under Section 4.3 as of the date
designated by the Committee in determining that he or she is eligible to participate in the Plan.

     3.2 Employee Deferrals. Effective July 1, 2005, each employee that becomes an
Eligible Employee for the first time on or after July 1, 2005 shall be permitted to make Salary
deferrals under the Plan, and effective January 1, 2006, all Eligible Employees shall be permitted
to make Salary and/or Bonus deferrals under the Plan, in each case, for the Deferral Period of a
Plan Year if he or she submits a properly completed Participant Agreement and Election Form to the
Committee prior to the date specified by the Committee in its discretion, which shall in no event
be after the commencement of the Deferral Period for which such Participant Agreement and Deferral
Election is to be effective.

     3.3 Participation — Subsequent Entry into Plan. An Eligible Employee who does not
elect to participate with respect to Salary and/or Bonus deferrals at the time of initial
eligibility as set forth in Section 3.2 shall remain eligible to become a Participant with respect
to Salary and/or Bonus deferrals in subsequent Plan Years as long as he or she continues his or her
status as an Eligible Employee. In such event, the Eligible Employee may become a Participant with
respect to Salary and/or Bonus deferrals by submitting a properly executed Participant Agreement
and Election Form prior to January 1 of the Plan Year for which it is effective.

ARTICLE IV.

Contributions

     4.1 Deferral Election. Provided that Salary and/or Bonus deferrals under the Plan are
permitted under Section 3.2, before the first day of each Plan Year, a Participant may file with
the Committee, a Deferral Election Form indicating the amount of Salary and/or Bonus deferrals for
that Plan Year. A Participant shall not be obligated to make a Deferral Election for any Plan
Year. After a Plan Year commences, such Deferral Election shall be irrevocable and shall continue
for the entire Plan Year and subsequent years except that it shall terminate upon the execution
and timely submission of a newly completed Deferral Election Form or termination of employment.

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     4.2 Maximum Deferral Election. Provided that Salary and/or Bonus deferrals under the
Plan are permitted under Section 3.2, a Participant may elect to defer up to 30% of Base Salary
and/or up to 30% of Bonuses earned during the corresponding Deferral Period. A Deferral Election
may be automatically reduced if the Committee determines that such action is necessary to meet
Federal or State tax withholding obligations.

     4.3 Employer Contributions. For any specified period, an Employer, in its sole
discretion, may, but is not required to, credit any amount it desires to any Participant’s
Contribution Account. The amount so credited to a Participant may be smaller or larger than the
amount credited to any other Participant, and the amount credited to any Participant for any
specified period may be zero, even though one or more other Participants receive an Employer
contribution for that period under this Section 4.3. An Employer’s contribution under this Section
4.3, if any, shall be credited as of the last day of the Plan Year or such other date (or dates) as
may be specified by the Committee or the relevant Employer in its sole discretion. If a
Participant is not employed by an Employer as of the date on which an Employer’s contributions is
credited, other than by reason of his or her termination of employment after attaining Normal
Retirement Age or death while employed, his or her contribution amount under this Section 4.3 shall
be zero. An Employer may condition its crediting of any amount to a Participant’s Contribution
Account upon the Participant’s execution and submission to the Committee of a Participant Agreement
and Election Form.

ARTICLE V.

Accounts

     5.1 Contribution Accounts. Solely for recordkeeping purposes, the Plan Administrator
shall establish a Contribution Account for each Participant. A Participant’s Contribution Account
shall be credited with the contributions made by him or her or on his or her behalf by his or her
Employer under Section 4 and shall be credited (or charged, as the case may be) with the
hypothetical or deemed investment earnings and losses determined pursuant to Section 5.3, and
charged with distributions made to or with respect to him or her.

     5.2 Crediting of Contribution Accounts. Salary contributions under Section 4.1 shall
be credited to a Participant’s Contribution Account as of the date on which such contributions were
withheld from his or her Base Annual Salary. Bonus contributions under Section 4.1 shall be
credited to a Participant’s Contribution Account as of the date on which the contribution would
have otherwise been paid in cash. Employer Contributions under Section 4.3 shall be credited to
the Participant’s Contribution Account on the date declared by the Committee or the Employer. Any
distribution with respect to a Contribution Account shall be charged to that Account as of the date
such payment is made by the Employer or the trustee of the Trust which may be established for the
Plan.

     5.3 Earning Credits or Losses. Amounts credited to a Contribution Account shall be
credited with deemed net income, gain and loss, including the deemed net unrealized gain and loss based on hypothetical investment directions made by the Participant with respect to his
or her Contribution Account on a form designated by the Committee, in accordance with

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investment
options and procedures adopted by the Committee in its sole discretion, from time to time.

     5.4 Hypothetical Nature of Accounts. The Plan constitutes a mere promise by the
Employer to make benefit payments in the future. Any Contribution Account established for a
Participant under this Article V shall be hypothetical in nature and shall be maintained for the
recordkeeping purposes only, so that any contributions can be credited and so that deemed
investment earnings and losses on such amounts can be credited (or charged, as the case may be).
Neither the Plan nor any of the Contribution Accounts (or subaccounts) shall hold any actual funds
or assets. The right of any individual or entity to receive one or more payments under the Plan
shall be an unsecured claim against the general assets of his or her Employer. Any liability of an
Employer to any Participant, former Participant, or Beneficiary with respect to a right to payment
shall be based solely upon contractual obligations created by the Plan. The Corporation, the Board
of Directors, the Committee, any Employer and any individual or entity shall not be deemed to be a
trustee of any amounts to be paid under the Plan. Nothing contained in the Plan, and no action
taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a
fiduciary relationship, between the Corporation and an Employer and a Participant, former
Participant, Beneficiary, or any other individual or entity. An Employer may, in its sole
discretion, establish a Trust as a vehicle in which to place funds with respect to this Plan.
Neither the Corporation nor any Employer in any way guarantees any Participant’s Contribution
Account against loss or depreciation, whether caused by poor investment performance, insolvency of
a deemed investment or by any other event or occurrence. In no event shall any employee, officer,
director, or stockholder of the Corporation or any Employer be liable to any individual or entity
on account of any claim arising by reason of the Plan provisions or any instrument or instruments
implementing its provisions, or for the failure of any Participant, Beneficiary or other individual
or entity to be entitled to any particular tax consequences with respect to the Plan or any credit
or payment thereunder.

     5.5 Statement of Contribution Accounts. The Plan Administrator shall provide to each
Participant quarterly statements setting forth the value of the Contribution Account maintained for
such Participant.

ARTICLE VI.

Vesting

     6.1 Vesting. Contributions credited to a Participant’s Contribution Account under
Section 4.3 of the Plan and any deemed investment earnings attributable to these contributions
shall be one hundred percent (100%) vested or nonforfeitable as of December 31 of the calendar year
in which the Participant has completed seven (7) Years of Service with the Employer(s). Prior to
December 31 of the calendar year in which the Participant has completed seven (7) Years of Service
with the Employer(s), the Employer’s contributions to his or her account shall be zero percent (0%)
vested. In addition, a Participant shall be one hundred percent (100%) vested in the Employer’s
contributions, including any deemed investment earnings attributable to these contributions,
immediately prior to a Change in Control or upon his or her death or Disability while he or she is actively employed by an Employer. All other amounts credited to
a Participant’s Contribution Account shall be one hundred percent (100%) vested at all times.

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ARTICLE VII.

Benefits

     7.1 Retirement. Unless benefits have already commenced pursuant to another section in
this Article VII, a Participant shall begin receipt of the vested amount credited to his or her
Contribution Account as of the Valuation Date coinciding with his or her Normal Retirement Date.
Payment of any amount under this Section shall commence within thirty (30) days of the
Participant’s attainment of Normal Retirement Age and in accordance with the payment method elected
by the Participant on his or her Participant Agreement and Election Form; provided that if no
payment method has been elected, payments shall be made in the form of a single lump sum.

     7.2 Disability. If a Participant suffers a Disability while employed with an Employer
and before he or she is entitled to benefits under this Article, he or she shall receive the amount
credited to his or her Contribution Account as of the Valuation Date coinciding with the Date on
which the Participant is determined to have suffered a Disability. Payment of any amount under
this Section shall commence within thirty (30) days of when the Committee determines the existence
of the Participant’s disability and be in accordance with the payment method elected by the
Participant on his or her Participant Agreement and Election Form; provided that if no payment
method has been elected, payments shall be made in the form of a single lump sum.

     7.3 Pre-Retirement Survivor Benefit. If a Participant dies before becoming entitled
to benefits under this Article, the Beneficiary or Beneficiaries designated under Section 13.6,
shall receive in a single lump sum, a Pre-Retirement Survivor Benefit equal to the amount credited
to the Participant’s Contribution Account as of the Valuation Date coinciding with the date of the
Participant’s death. Payment of any amount under this Section shall be made within thirty (30)
days of the Participant’s death, or if later, within 30 days of when the Committee receives
notification of or otherwise confirms the Participant’s death.

     7.4 Post-Retirement Survivor Benefit. If a Participant dies after benefits have
commenced, but prior to receiving complete payment of benefits under this Article, the Beneficiary
or Beneficiaries designated under Section 13.6, shall receive in a single lump sum the vested
amount credited to the Participant’s Contribution Account as of the Valuation Date coinciding with
the date of the Participant’s death. Payment of any amount under this Section shall be made within
thirty (30) days of the Participant’s death, or if later, within 30 days of when the Committee
receives notification of or otherwise confirms the Participant’s death.

     7.5 Termination. If an Employer terminates Participant’s employment without Cause or
Participant voluntarily terminates his or her employment with an Employer for any reason, in either
case before he or she becomes entitled to receive benefits by reason of any of the above Sections,
he or she shall receive in a single lump sum the vested amount credited to his or her Contribution
Account as of the Valuation Date coinciding with the date on which the his or her employment
terminates. Payment of any amount under this Section shall be made within thirty (30) days of when the Participant terminates his or her employment with an Employer. If an
Employer terminates Participant’s employment with Cause, regardless whether he or she has become
entitled to receive benefits by reason of any of the above Sections, such Participant shall forfeit
the right to receive any of the amount credited to his or her Contribution Account,

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including any
amounts remaining unpaid as of the date of termination of employment, and no Employer or the Plan
shall be liable for the payment of any benefit under the Plan to such Participant.

     7.6 Change in Control. If a Change in Control occurs before a Participant becomes
entitled to receive benefits by reason of any of the above Sections or before the Participant has
received complete payment of his or her benefits under this Article, he or she shall receive a lump
sum payment of the amount credited to his or her Account as of the Valuation Date immediately
preceding the date on which the Change in Control occurs. Payment of any amount under this section
shall commence within thirty (30) days of when the Change in Control occurs.

     7.7 Payment Methods. Unless otherwise provided in this Article VII, a Participant may
elect to receive payment of the amount credited to his or her Contribution Account in a single lump
sum or in five (5), or ten (10) annual installments. This election must be made on the Participant
Agreement and Election Form for the corresponding Plan Year. Any installment payments shall be
paid annually on the first practicable day after the distributions are scheduled to commence. Each
installment payment shall be determined by multiplying the Contribution Account Balance by a
fraction, the numerator of which is one and the denominator of which is the number of remaining
installment payments.

ARTICLE VIII.

In- Service Distributions

     8.1 Election of In-Service Distributions. A Participant may elect in each Deferral
Period, for that particular Deferral Election or Employer contribution, to receive in the future an
in-service distribution from the vested portion of his or her Contribution Account. Such Deferral
Election shall state the percentage or flat dollar amount and date on which such in-service
distribution is to be paid. Each election shall state the date on which such in-service
distribution is to be paid; provided that such date is not earlier than five (5) years from January
1st of the Plan Year following the year of said election. For example: The earliest distribution
date for the initial Plan Year ending December 31, 2002 would be January 1, 2008. This is
calculated using January 1, 2003 as the “January 1st of the Plan Year following” plus five (5)
years.

     8.2 Payment of In-Service Distributions. All in-service distributions shall be made
within thirty (30) days of the date stated on the Election Form. Distributions shall be in the
form of a single lump sum payment.

     8.3 Termination Prior to In-Service Distribution Date. Notwithstanding a
Participant’s election of an in-service distribution, in the event a Participant’s employment
terminates for any reason pursuant to Section VII of the Plan Document (other than for Cause) and
prior to such Participant receiving any in-service distribution, the Participant shall receive his
or her Contribution Account according to the payment method designated in Article VII or as elected on his or her Participant Agreement and Election Form. If an Employer terminates
Participant’s employment with Cause prior to such Participant receiving any in-service
distribution, such Participant shall forfeit the right to receive any of the amount credited to his
or her Contribution Account, including any amounts remaining unpaid as of the date of termination

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of employment, and no Employer or the Plan shall be liable for the payment of any benefit under the
Plan to such Participant.

ARTICLE IX.

Establishment of Trust

     9.1 Establishment of Trust. An Employer may establish a Trust for the Plan. If
established, all benefits payable under this Plan to a Participant shall be paid directly by the
Employer from the Trust. To the extent that such benefits are not paid from the Trust, the
benefits shall be paid from the general assets of the Employer. The Trust, if any, shall be an
irrevocable grantor trust which conforms to the terms of the model trust as described in IRS
Revenue Procedure 92-64, I.R.B. 1992-33. The assets of the Trust are subject to the claims of each
Employer’s creditors in the event of its insolvency. Except as provided under the Trust agreement,
neither the Corporation nor an Employer shall be obligated to set aside, earmark or escrow any
funds or other assets to satisfy its obligations under this Plan, and the Participant and/or his or
her designated Beneficiaries shall not have any property interest in any specific assets of the
Corporation or an Employer other than the unsecured right to receive payments from the Employer, as
provided in this Plan.

ARTICLE X.

Plan Administration

     10.1 Plan Administration. The Plan shall be administered by the Committee, and such
Committee may designate an agent (or agents) to perform the recordkeeping duties. The Committee
shall construe and interpret the Plan, including disputed and doubtful terms and provisions and, in
its sole discretion, decide all questions of eligibility and determine the amount, manner and time
of payment of benefits under the Plan. The determinations and interpretations of the Committee
shall be consistently and uniformly applied to all Participants and Beneficiaries, including but
not limited to interpretations and determinations of amounts due under this Plan, and shall be
final and binding on all parties. The Plan at all times shall be interpreted and administered as
an unfunded deferred compensation plan, and no provision of the Plan shall be interpreted so as to
give any Participant or Beneficiary any right in any asset of the Corporation or an Employer which
is a right greater than the right of a general unsecured creditor of the Corporation or such
Employer.

ARTICLE XI.

Nonalienation of Benefits

     11.1 Nonalienation of Benefits. The interests of Participants and their Beneficiaries
under this Plan are not subject to the claims of their creditors and may not be voluntarily or
involuntarily sold, transferred, alienated, assigned, pledged, anticipated, or encumbered, attached
or garnished. Any attempt by a Participant, his or her Beneficiary, or any other individual or
entity to sell, transfer, alienate, assign, pledge, anticipate, encumber, attach, garnish, charge
or

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otherwise dispose of any right to benefits payable shall be void. The Employer may cancel and
refuse to pay any portion of a benefit which is sold, transferred, alienated, assigned, pledged,
anticipated, encumbered, attached or garnished. The benefits which a Participant may accrue under
this Plan are not subject to the terms of any Qualified Domestic Relations Order (as that term is
defined in Section 414(p) of the Code) with respect to any Participant, and the Plan Administrator,
Board, Committee, Corporation and Employer shall not be required to comply with the terms of such
order in connection with this Plan. The withholding of taxes from Plan payments, the recovery of
Plan overpayments of benefits made to a Participant or Beneficiary, the transfer of Plan benefit
rights from the Plan to another plan, or the direct deposit of Plan payments to an account in a
financial institution (if not actually a part of an arrangement constituting an assignment or
alienation) shall not be construed as assignment or alienation under this Article.

ARTICLE XII.

Amendment and Termination

     12.1 Amendment and Termination. The Committee reserves the right to amend or alter,
retroactively or prospectively, or discontinue this Plan at any time. Such action may be taken in
writing by any officer of the Committee who has been duly authorized by the Committee to perform
acts of such kind. However, no such amendment shall deprive any Participant or Beneficiary of any
portion of any benefit which would have been payable had the Participant’s employment with the
Employer terminated on the effective date of such amendment or termination. Notwithstanding the
provisions of this Article to the contrary, the Committee may amend the Plan at any time, in any
manner, if the Committee determines any such amendment is required to ensure that the Plan is
characterized as providing deferred compensation for a select group of management or highly
compensated employees and as described in ERISA Sections 201(2), 301(a)(3) and 401(a)(1) or to
otherwise conform the Plan to the provisions of any applicable law including ERISA and the Code.

ARTICLE XIII.

General Provisions

     13.1 Status of Plan. The Plan is intended to be a plan that is not qualified within
the meaning of Code Section 401(a) and that “is unfunded and is maintained by an employer primarily
for the purpose of providing deferred compensation for a select group of management or highly
compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall be administered and interpreted to the extent possible in a manner
consistent with that intent.

     13.2 Status of Corporation as a REIT. Notwithstanding any provision of this Plan or
any Participant’s election to the contrary, the Corporation and the Committee shall have the right
at any time, and from time to time, to amend or terminate this Plan or to take any other action
which it or they deem to be necessary or appropriate in order to avoid or cure any impairment of
the Corporation’s status as a real estate investment trust under Sections 856 et. seq. of the Code
or to avoid or cure any violation of the Corporation’s Certificate of Incorporation.

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     13.3 Good Faith Payment. Any payment made in good faith in accordance with provisions
of the Plan shall be a complete discharge of any liability for the making of such payment under the
provisions of this Plan.

     13.4 No Right to Employment. This Plan does not constitute a contract of employment,
and participation in the Plan shall not give any Participant the right to be retained in the
employment of an Employer.

     13.5 Binding Effect. The provisions of this Plan shall be binding upon the
Corporation, each Employer and their respective successors and assigns and upon every Participant
and his or her heirs, Beneficiaries, estates and legal representatives.

     13.6 Participant Change of Address. Each Participant entitled to benefits shall file
with the Plan Administrator, in writing, any change of post office address. Any check representing
payment and any communication addressed to a Participant or a former Participant at this last
address filed with the Plan Administrator, or if no such address has been filed, then at his or her
last address as indicated on the Employer’s records, shall be binding on such Participant for all
purposes of the Plan, and neither the Plan Administrator nor the Employer or other payer shall not
be obliged to search for or ascertain the location of any such Participant. If the Plan
Administrator is in doubt as to the address of any Participant entitled to benefits or as to
whether benefit payments are being received by a Participant, it shall, by registered mail
addressed to such Participant at his or her last known address, notify such Participant that:

               (i) All unmailed and future Plan payments shall be withheld until Participant provides the
Plan Administrator with evidence of such Participant’s continued life and proper mailing address;
and

               (ii) Participant’s right to any Plan payment shall, at the option of the Committee, be
canceled forever, if, at the expiration of five (5) years from the date of such mailing, such
Participant shall not have provided the Committee with evidence of his or her continued life and
proper mailing address.

     13.7 Notices. Each Participant shall furnish to the Plan Administrator any
information the Plan Administrator deems necessary for purposes of administering the Plan, and the
payment provisions of the Plan are conditional upon the Participant furnishing promptly such true
and complete information as the Plan Administrator may request. Each Participant shall submit
proof of his or her age when required by the Plan Administrator. The Plan Administrator shall, if
such proof of age is not submitted as required, use such information as is deemed by it to be reliable, regardless of the lack of proof, or the misstatement of the age of individuals
entitled to benefits. Any notice or information which, according to the terms of the Plan or
requirements of the Plan Administrator, must be filed with the Plan Administrator, shall be deemed
so filed if addressed and either delivered in person or mailed to and received by the Plan
Administrator, in care of the Corporation at the Corporation’s principal place of business.

     13.8 Designation of Beneficiary. Each Participant shall designate, by name, on
Beneficiary designation forms provided by the Plan Administrator, the Beneficiary(ies) who shall
receive any benefits which might be payable after such Participant’s death. A Beneficiary

12

 

designation may be changed or revoked without such Beneficiary’s consent at any time or from time
to time in the manner as provided by the Plan Administrator, and the Plan Administrator shall have
no duty to notify any individual or entity designated as a Beneficiary of any change in such
designation which might affect such individual or entity’s present or future rights. If the
designated Beneficiary does not survive the Participant, all amounts which would have been paid to
such deceased Beneficiary shall be paid to any remaining Beneficiary in that class of
beneficiaries, unless the Participant has designated that such amounts go to the lineal descendants
of the deceased Beneficiary. If none of the designated primary Beneficiaries survive the
Participant, and the Participant did not designate that payments would be payable to such
Beneficiary’s lineal descendants, amounts otherwise payable to such Beneficiaries shall be paid to
any successor Beneficiaries designated by the Participant, or if none, to the Participant’s spouse,
or, if the Participant was not married at the time of death, the Participant’s estate.

     No Participant shall designate more than five (5) simultaneous beneficiaries, and if more than
one (1) beneficiary is named, Participant shall designate the share to be received by each
Beneficiary. Despite the limitation on five (5) Beneficiaries, a Participant may designate more
than five (5) beneficiaries provided such beneficiaries are the surviving spouse and children of
the Participant. If a Participant designates alternative, successor, or contingent beneficiaries,
such Participant shall specify the shares, terms and conditions upon which amounts shall be paid to
such multiple, alternative, successor or contingent beneficiaries. Except as provided otherwise in
this Section, any payment made under this Plan after the death of a Participant shall be made only
to the Beneficiary or Beneficiaries designated pursuant to this Section.

     13.9 Claims. Any claim for benefits must initially be submitted in writing to the
Plan Administrator. If such claim is denied (in whole or in part), the claimant shall receive
notice from the Plan Administrator, in writing, setting forth the specific reasons for denial, with
specific reference to applicable provisions of this Plan. Such notice shall be provided within
ninety (90) days of the date the claim for benefits is received by the Plan Administrator, unless
special circumstances require an extension of time for processing the claim, in which event
notification of the extension shall be provided to the claimant prior to the expiration of the
initial ninety (90) day period. The extension notification shall indicate the special
circumstances requiring the extension of time and the date by which the Plan Administrator expects
to render its decision. Any such extension shall not exceed ninety (90) days. Any disagreements
about such interpretations and construction may be appealed in writing by the claimant to the Plan
Administrator within sixty (60) days. After receipt of such appeal, the Plan Administrator shall
respond to such appeal within sixty (60) days, with a notice in writing fully disclosing its
decision and its reasons. If special circumstances require an extension of time to process the
appealed claim, notification of the extension shall be provided to the claimant prior to the commencement of the extension. Any such extension shall not exceed sixty (60) days. No
member of the Board, or any committee thereof, or any employee or officer of the Employer or the
Corporation, shall be liable to any individual or entity for any action taken hereunder, except
those actions undertaken with lack of good faith.

     13.10 Action by Board of Directors. Any action required to be taken by the Board
pursuant to the Plan’s provisions may be performed by a committee of the Board, to which the Board
delegates the authority to take actions of that kind.

13

 

     13.11 Governing Law. To the extent not superseded by the laws of the United States,
the laws of the state of California (other than the conflicts of law provisions thereof) shall be
controlling in all matters relating to this Plan.

     13.12 Severability. In the event any provision of this Plan shall be held illegal or
invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of
the Plan, and the Plan shall be interpreted and enforced as if such illegal and invalid provisions
had never been set forth.

     IT
WITNESS WHEREOF, Arden Realty Limited Partnership has signed this
Plan document as of July 1, 2005.

	 	 	 	 	 
	 	 	Arden Realty Limited Partnership, a Maryland
partnership
	 
	 	 	 	 
	

	 	By:
	 	 
	 
	 	 	 	 
	

	 	Title:
	 	 

14exv10w1

 

Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 1

          THIS AMENDMENT NO. 1 is being executed and delivered as of May 16, 2005, by and among Chicago
Bridge and Iron Company N.V., a corporation organized under the laws of the Kingdom of the
Netherlands (the “Company”), certain Subsidiaries party thereto as Borrowers (the
“Subsidiary Borrowers”), JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA) as
Administrative Agent (the “Administrative Agent”) under the hereinafter identified and
defined Credit Agreement and the lenders party to said Credit Agreement. All capitalized terms
used herein without definition shall have the same meanings as set forth in the Credit Agreement.

          W I T N E S S E T H:

          WHEREAS, the Company, the Subsidiary Borrowers, the Lenders and the Administrative Agent are
currently party to that certain Amended and Restated Credit Agreement dated as of May 12, 2005 (as
the same may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”);

          WHEREAS, the Borrowers have requested the Lenders and the Administrative Agent to amend the
Credit Agreement in certain respects;

          WHEREAS, the Lenders and the Agent have agreed to amend the Credit Agreement on the terms and
conditions set forth in Section 1 hereof.

          NOW, THEREFORE, in consideration of the foregoing premises, the terms and conditions stated
herein and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the Borrowers and the Lenders, such parties hereby agree as follows:

          1. Amendment. The Credit Agreement shall be and hereby is amended as follows:

          Section 7.3(S) is amended and restated in its entirety to read as follows:

     “(S) Restricted Payments. The Company shall not, nor shall it permit any
Subsidiary to, declare, make or pay any Restricted Payments (other than permitted
Restricted Payments listed on Schedule 7.3(S)) in excess of $100,000,000 in the
aggregate during any period of twelve (12) consecutive months.”

          2. Conditions of Effectiveness. This Amendment shall be deemed to have become
effective as of the date hereof, but such effectiveness shall be subject to the following
conditions: the Administrative Agent shall have received executed counterparts of this Amendment
duly executed and delivered by the Company, the Subsidiary Borrowers and the

 

 

          Required Lenders and executed counterparts of the Reaffirmation attached hereto duly executed and
delivered by the Subsidiary Guarantors.

          3. Representation and Warranties. Each Borrower hereby represents and warrants that (i)
all of the representations and warranties contained in Article VI of the Credit Agreement are true
and correct and (ii) no Default or Unmatured Default is in effect.

          5. No Implicit Waiver. Except as expressly set forth herein, (i) the execution,
delivery and effectiveness of this Amendment shall neither operate as a waiver of any rights, power
or remedy of the Administrative Agent or the Lenders under the Credit Agreement or any other
documents executed in connection with the Credit Agreement, nor constitute a waiver of any
provision of the Credit Agreement nor any other document executed in connection therewith and (ii)
the Credit Agreement shall remain in full force and effect in accordance with their original terms.

          6. GOVERNING LAW. THE ADMINISTRATIVE AGENT ACCEPTS THIS AMENDMENT NO. 1, ON BEHALF OF
ITSELF AND THE LENDERS, AT CHICAGO, ILLINOIS BY ACKNOWLEDGING AND AGREEING TO IT THERE. ANY
DISPUTE BETWEEN ANY BORROWER AND THE ADMINISTRATIVE AGENT OR ANY LENDER ARISING OUT OF, CONNECTED
WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH,
THIS AMENDMENT, THE CREDIT AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING IN
CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE RESOLVED IN ACCORDANCE WITH THE INTERNAL LAWS
(INCLUDING §735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT REGARD TO THE CONFLICTS OF LAWS
PROVISIONS) OF THE STATE OF ILLINOIS.

[Signature Pages Follow]

 

 

          IN WITNESS WHEREOF, this Amendment No. 1 has been duly executed as of the day and year first
above written.

	 	 	 
	

	 	CHICAGO BRIDGE & IRON COMPANY N.V., as the Company

By: CHICAGO BRIDGE & IRON COMPANY B.V.

Its: Managing Director

	 
	 	 
	 
	 	 
	

	 	By: Gerald M. Glenn

Name: Gerald M. Glenn

Title: Managing Director
	 
	 	 
	 
	 	 
	

	 	CHICAGO BRIDGE & IRON COMPANY B.V., as a Subsidiary Borrower
	 
	 	 
	 
	 	 
	

	 	By: Gerald M. Glenn

Name: Gerald M. Glenn

Title: Managing Director

Signature Page to Amendment No. 1 to

Chicago Bridge & Iron Company N.V. et al

Amended and Restated Credit Agreement dated as of May 12, 2005

 

 

	 	 	 
	

	 	CB&I CONSTRUCTORS, INC., as a Subsidiary Borrower
	 
	 	 
	 
	 	 
	

	 	By: Richard A. Byers

Name: Richard A. Byers

Title: Vice President and Treasurer
	 
	 	 
	 
	 	 
	

	 	CBI SERVICES, INC., as a Subsidiary Borrower
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	CHICAGO BRIDGE & IRON
COMPANY (DELAWARE), as a Subsidiary Borrower
	 
	 	 
	 
	 	 
	

	 	By: Richard A. Byers

Name: Richard A. Byers

Title: Vice President and Treasurer
	 
	 	 
	 
	 	 
	

	 	CB&I TYLER COMPANY, as a Subsidiary Borrower
	 
	 	 
	 
	 	 
	

	 	By: Richard A. Byers

Name: Richard A. Byers

Title: Treasurer

 

 

	 	 	 
	

	 	JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One,
NA), as Administrative Agent and as a Lender
	 
	 	 
	 
	 	 
	

	 	By: H. David Jones

Name: H. David Jones

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	BANK OF AMERICA, N.A., as Syndication Agent and as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Robert W. Troutman

Name: Robert W. Troutman

Title: Managing Director
	 
	 	 
	 
	 	 
	

	 	BANK OF MONTREAL, as a Documentation Agent and as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Joann Holman

Name: Joann Holman

Title: Director
	 
	 	 
	 
	 	 
	

	 	WELLS FARGO BANK, N.A., as a Documentation Agent and as a
Lender
	 
	 	 
	 
	 	 
	

	 	By: Thomas F. Caver, III

Name: Thomas F. Caver, III

Title: Vice President

 

 

	 	 	 
	

	 	BNP PARIBAS, as a Documentation Agent and as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Craig Pierce

Name: Craig Pierce

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	By: Mike Shryock

Name: Mike Shryock

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	THE ROYAL BANK OF SCOTLAND plc , as a Documentation Agent and
as a Lender
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	FORTIS CAPITAL CORP., as a Lender
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands

Branch, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:

 

 

	 	 	 
	

	 	BARCLAYS BANK plc, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: David Barton

Name: David Barton

Title: Associate Director
	 
	 	 
	 
	 	 
	

	 	CALYON NEW YORK BRANCH, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Olivier Audemard

Name: Olivier Audemard

Title: Managing Direct
	 
	 	 
	 
	 	 
	

	 	By: Philippe Soustra

Name: Philippe Soustra

Title: Executive Vice President
	 
	 	 
	 
	 	 
	

	 	UBS LOAN FINANCE LLC, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Wilfred V. Saint

Name: Wilfred V. Saint

Title: Director
	 
	 	 
	 
	 	 
	

	 	By: Richard L. Tavrow

Name: Richard L. Tavrow

Title: Director
	 
	 	 
	 
	 	 
	

	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Sharon Geffel

Name: Sharon Geffel

Title: Vice President
	 
	 	 
	 
	 	 

 

 

	 	 	 
	

	 	REGIONS BANK, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Mark Burr

Name: Mark Burr

Title: Vice President, Corporate Banking
	 
	 	 
	 
	 	 
	

	 	ALLIED IRISH BANK, PLC, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	THE NORTHERN TRUST COMPANY, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Paul H. Theiss

Name: Paul H. Theiss

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	STANDARD CHARTERED BANK, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Frieda Youlios

Name: Frieda Youlios

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	By: Robert K. Reddington

Name: Robert K. Reddington

Title: AVP/Credit Documentation
	 
	 	 
	 
	 	 
	

	 	ABU DHABI INTERNATIONAL BANK INC, as a Lender
	 
	 	 
	 
	 	 
	 

	 	By: David J. Young

Name: David J. Young

Title: Vice President
	 
	 	 
	

	 	By: Nagy S. Koita

Name: Nagy S. Koita

Title: Executive Vice President

 

 

	 	 	 
	

	 	AMEGY BANK NATIONAL ASSOCIATION, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: 

Name:

Title:
	 
	 	 
	 
	 	 
	

	 	BANK OF NEW YORK, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Kevin Higgins

Name: Kevin Higgins

Title: Vice President
	 
	 	 
	 
	 	 
	

	 	HIBERNIA NATIONAL BANK, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Michael Meiss

Name: Michael Meiss

Title: Senior Vice President
	 
	 	 
	 
	 	 
	

	 	WOODFOREST NATIONAL BANK, as a Lender
	 
	 	 
	 
	 	 
	

	 	By: Dan E. Hauser

Name: Dan E. Hauser

Title: President

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