Document:

Exhibit

Exhibit 10.29

SECOND AMENDMENT
TO
AVALONBAY COMMUNITIES, INC.
DEFERRED COMPENSATION PLAN
As Amended and Restated Effective as of January 1, 2011
		
	A.
	The AvalonBay Communities, Inc. Deferred Compensation Plan, as amended and restated effective as of January 1, 2011 (the “Plan”), as previously amended, is hereby further amended as follows:

1.Section 1.10 is hereby amended by adding the following sentence at the end thereof:
“For clarification, the Participant’s Deferral Account includes the amounts credited to the Participant’s Non-Qualified Predetermined Annuity Account, In-Service Distribution Accounts and College Tuition Accounts, if any.  A Participant may have multiple Deferral Accounts, one for each Annual Deferral Amount.”
2.Article 1 is further amended by adding the following definitions:

“1.27    ‘In-Service Distribution Account’ shall mean an account maintained under the Plan for Annual Deferral Amounts earned after 2012.  Such account shall provide for a lump sum in-service distribution in the month and year specified by the Participant prior to the Plan Year in which the Annual Deferral Amount is earned, so long as the benefit commencement date is at least five years out from the beginning of the Plan Year of deferral.  For purposes of clarification, for the 2013 Annual Deferral Amounts, the benefit commencement date must be on or later than January 1, 2018.
1.28    ‘In-Service College Tuition Account’ shall mean an account maintained under the Plan for Annual Deferral Amounts earned after 2012.  Such account shall provide for four annual distributions beginning in the month and year specified by the Participant prior to the Plan Year in which the Annual Deferral Amount is earned, so long as the benefit commencement date is at least five years from the beginning of the Plan Year of deferral.  For purposes of clarification, for the 2013 Annual Deferral Amounts, the benefit commencement date for the first annual installment must be on or after January 1, 2018.”

3.The Plan is hereby amended by deleting Articles 5 and 6 in their entirety and substituting therefor the following:
“ARTICLE 5 - TERMINATION BENEFIT
5.1    Termination Benefit.  If a Participant Separates his Service with the Sponsor, the Participant shall receive his or her Deferral Account balances calculated as of the close of business on or around the date the benefit distribution is processed.
5.2    Payment of Termination Benefit.
(a)    Timing.  A Participant shall commence to receive his or her Deferral Account in the seventh month following the Participant’s Separation from Service unless otherwise provided in the next sentence or in Section 5.4.  Effective November 7, 2011, a Participant may also elect, prior to the Plan Year in which the Annual Deferral Amount is earned, to commence to receive his or her Annual Deferral Amount (from and after January 1, 2012) in the 67th month or 127th month following the Participant’s Separation from Service if the form of benefit payment is a lump sum.  If a Participant makes this election and dies before the benefit commencement date, his or her Deferral Account balances shall be paid to his or her Beneficiary in a lump sum no later than 90 days after the Participant’s death.
(b)    Form of Payment.  A Participant shall receive his or her Deferral Account balance in a lump sum upon his or her Separation from Service unless otherwise provided in the next two sentences.  Notwithstanding the foregoing, if a Participant Retires and such Participant has elected prior to November 22, 2008 to receive his or her Deferral Account in annual or monthly installments over a period not exceeding ten (10) years, the Plan shall honor such election if the Deferral Account balance is at least $25,000 and the Participant will be paid on an installment basis rather than in a lump sum.  Effective November 15, 2012, a Participant may also elect, prior to the Plan Year in which the Annual Deferral Amount is earned, to receive his or her Annual Deferral Amount (from and after January 1, 2013) in annual installments over a ten-year period beginning in the seventh month after his or her Separation from Service.  If the Participant dies before completion of the installment payments, the unpaid remaining Deferral Account balance shall be paid to his or her Beneficiary in a lump sum no later than 90 days after the Participant’s death.”

5.3    Forfeiture if Termination for Cause.  Notwithstanding anything contained herein to the contrary, if a Participant’s employment with the Company is terminated for Cause, the portion of his or her Deferral Account attributable to Annual Deferral Amounts made after 2010, as adjusted pursuant to Section 3.6(d), shall be forfeited in its entirety.
5.4    Subsequent Changes in Timing and Form of Payment.
(a)    Changes Regarding Timing and Form of Payment Following Separation from Service.  A Participant may make a subsequent election to defer the benefit commencement date under this Article 5 on account of his or her Separation from Service.  If the original benefit commencement date for the Participant is the seventh month following his or her Separation from Service, he or she may elect to change to a benefit commencement date of either the 67th month or the 127th month following his or her Separation from Service but only if the form of benefit payment is a lump sum.  Accordingly, a Participant who elected installment payments or a lump sum payment payable in the seventh (7th) month after his or her Separation from Service may elect a lump sum payment payable in the 67th month or the 127th month following his or her Separation from Service.  If the original benefit commencement date for the Participant is the 67th month following his or her Separation from Service, he or she may elect to change to a benefit commencement date of the 127th month following his or her Separation from Service but only if the form of benefit payment is a lump sum.  Accordingly, a Participant who elected a lump sum payment beginning in the 67th month after his or her Separation from Service may elect a lump sum payment payable in the 127th month following his or her Separation from Service.  If the original commencement date is the 127th month following his or her Separation from Service, the Participant may not make this subsequent election.
(b)    Changes Regarding Timing and Form of In-Service Distribution.  A Participant may also elect to defer the benefit commencement date of his or her In-Service Distribution Account or In-Service College Tuition Account to a month and year that is at least five years later than the original specified benefit commencement date.  A Participant may also elect to change the form of payment under his or her In-Service College Tuition Account from four-year annual installments to a lump sum.
(c)    Each subsequent election is not effective until at least 12 months after the date on which the subsequent 

election is made.  Accordingly, if the Participant Separates from Service before the end of the 12-month period, the subsequent election is not effective.  If a Participant makes this subsequent election and dies before the new benefit commencement date, his or her Deferral Account balance shall be paid to his or her Beneficiary in a lump sum no later than 90 days after the Participant’s death.
(d)    No more than two (2) subsequent elections may be made by any one (1) Participant.
(e)    For purposes of a subsequent election under this Section 5.4, installment payments shall be treated as a single payment.”
ARTICLE 6 - SHORT-TERM PAYOUTS
6.1    Short-Term Payouts.  From and after November 15, 2012, the Plan shall permit each Participant to elect short-term payouts during employment by designating that his or her Annual Deferral Amount be credited to an In-Service Distribution Account or an In-Service College Tuition Account.  Each such election shall be made prior to the Plan Year in which the Annual Deferral Account is earned and shall specify the year and month in which the in-service distribution shall be made or shall commence from either the In-Service Distribution Account or In-Service College Tuition Account.  If the Participant dies or otherwise Separates from Service prior to full payment of his or her In-Service Distribution Account or In‐Service College Tuition Account, the provisions of Article 4 or 5, as the case may be, governing timing and form of distribution shall apply instead of this Section 6.1.
6.2    Grandfathered Election.  To the extent a Participant has previously filed an election to receive his Non-Qualified Predetermined Annuity Account at a specified time, whether in a lump sum or in annual, quarterly or monthly installments over a period not exceeding ten (10) years, the Plan shall continue to honor such elections during the Participant’s employment.  
6.3    Withdrawal for Unforeseeable Financial Emergencies.  If a Participant experiences an Unforeseeable Financial Emergency, the Participant may petition the Retirement Planning Committee to receive a partial or full payout from the Plan.  The Committee shall determine if the event meets the criteria to be an Unforeseeable Financial Emergency.  If approved, the amount of the withdrawal shall not exceed the lesser of the Participant’s Deferral Account balance or the amount reasonably 

needed to satisfy the Unforeseeable Financial Emergency and income taxes on the withdrawn amount.  If, subject to the sole discretion of the Retirement Planning Committee, the petition for a withdrawal is approved, any distribution shall be made within 30 days of the date of approval.  The Participant will be eligible to again participate in the Plan effective the Plan Year following the Unforeseeable Financial Emergency.  The Retirement Planning Committee may permit a Participant to suspend his or her Annual Deferral Amount in the event of an Unforeseeable Financial Emergency.”

		
	B.
	The effective date of this Second Amendment is as of November 15, 2012.

		
	C.
	Except as amended herein, the Plan is confirmed in all other respects.Exhibit

Exhibit 10.6.6
SIXTH AMENDMENT TO 
EMPLOYMENT AGREEMENT
This Sixth Amendment to Employment Agreement is made this 16th day of February, 2017, by and between SP+ Corporation, a Delaware corporation (the “Company”) and Robert N. Sacks (the “Executive”).  
RECITALS
		
	A.
	The Executive and the Company have previously executed a certain Employment Agreement dated as of May 18, 1998 (the “Original Employment Agreement”).  The Original Employment Agreement was modified by that certain Amendment to Employment Agreement dated as of November 7, 2001 (the "First Amendment”) between APCOA/Standard Parking, Inc. and the Executive (the “Second Amendment”), and that certain Third Amendment to Employment Agreement dated as of April 1, 2005 by and between the company and the Executive (the “Third Amendment”), and that certain Fourth Amendment dated as of December 29, 2008 (the “Fourth Amendment”), and that certain Fifth Amendment dated as of January 28, 2009 (the “Fifth Amendment”).  The Original Employment Agreement, First Amendment, Second Amendment, Third Amendment, Fourth Amendment, and Fifth Amendment are hereafter referred to collectively as the (“Agreement”).  The Company is successor-in-interest to all of APCOA’s and APCOA/Standard Parking Inc.’s rights and obligations under the Agreement.  

		
	B.
	The Company and the Executive have agreed to modify certain provisions and desire to amend the Agreement as set forth below.  

NOW, THEREFORE, in consideration of the Recitals, the mutual promises and undertakings herein set forth, the receipt and sufficiency of which consideration are hereby acknowledged, the parties hereby agree that the Agreement shall be deemed modified and amended, effective immediately, as follows:  
1.    Section 6(g) of the Agreement is hereby amended by substituting “March 30, 2019” in lieu of “March 30, 2018,” twice appearing therein, so that Section 6(g), as amended, now reads as follows:  
(g)    Salary Continuation Payments.  As additional consideration for the representation and restrictions contained in this Section 6, if Executive’s termination occurs for any reason (including without limitation the Company’s effective termination of Executive’s employment at the end of any Employment Period expiring prior to March 31, 2019 by reason of the Company’s election to give a Notice of Nonrenewal pursuant to Section 1) other than for Cause or by reason of Executive’s voluntary termination as provided in Section 4(c) (“Voluntary Termination”), then in addition to any amounts payable by the Company to the Date of Termination and without in any manner releasing, impairing or altering to any extent any of Executive’s rights pursuant to any other provisions of this Agreement, the Company agrees to pay Executive amounts (the “Salary Continuation Payments”) which, when combined with all any and all amounts that may be payable to Executive by the Company pursuant to Section 5(a), will total Executive’s Annual Base Salary and Annual Target Bonus as in effect immediately preceding the Date of Termination for a period of twenty-four (24) months following (i) the Date of Termination, or (ii) the last day of the Employment Period if the Company gives a Notice of Nonrenewal (the “Salary Continuation Payments”).  The Salary Continuation Payments shall be payable as and when such amounts would be paid in accordance with Section 3(a) and (b) above.  In the event of a Voluntary Termination, or if Executive is terminated for Cause, or if the Company terminates Executive’s employment at the end of any Employment Period expiring on or after March 31, 2019, by reason of any Notice of Nonrenewal given pursuant to Section 1, the Salary Continuation Payments shall be reduced to the agreed total amount of $50,000, payable over a 12-month period following the Date of Termination in equal monthly installments.  In the event Executive breaches this Agreement at any time during the 24-month period following the Date of Termination, the Company’s obligation to continue any Salary Continuation Payments shall immediately cease, and the Executive shall immediately return to the Company all Salary Continuation Payments paid up to that time.  The termination of Salary Continuation Payments shall not waive any other rights at law or equity which the Company may have against Executive by virtue of his breach of this Agreement.  The Company’s obligation to make Salary Continuation Payments shall also cease with respect to periods after Executive’s death.

2.    Except as expressly modified above, all of the remaining terms and provisions of the Agreement are hereby ratified and confirmed in all respects, and shall remain in full force and effect in accordance with their terms.  

IN WITNESS WHEREOF, the Company and Executive have executed this Sixth Amendment to Employment Agreement as of the day and year first above written.  
	
					
	COMPANY:
	 
	EXECUTIVE:
	 

	 
	 
	 
	 
	 

	SP+ CORPORATION, a Delaware corporation
	 
	 
	 

	 
	 
	 
	 
	 

	By:
	        /s/ G Marc Baumann
	 
	              /s/ Robert N. Sacks
	 

	 
	        G Marc Baumann
	 
	                   Robert N. Sacks

	 

	 
	        Chief Executive Officer

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