Document:

Exhibit 10.29

 Exhibit 10.29 
 HOST HOTELS & RESORTS, INC. 
 Non-Employee Directors’ Deferred Stock Compensation
Plan 
 As Amended and Restated Effective as of January 1, 2008 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
		
	ARTICLE I PURPOSE AND EFFECTIVE DATE	  	2
			
	1.1  	  	Purpose	  	2
	1.2  	  	Effective Date	  	2
		
	ARTICLE II DEFINITIONS	  	2
			
	2.1  	  	Board	  	2
	2.2  	  	Code	  	2
	2.3  	  	Committee	  	2
	2.4  	  	Company	  	2
	2.5  	  	Contribution Date	  	2
	2.6  	  	Deferral Date	  	2
	2.7  	  	Deferral Election	  	3
	2.8  	  	Director	  	3
	2.9  	  	Director Stock Awards	  	3
	2.10	  	Distribution Election	  	3
	2.11	  	Exchange Act	  	3
	2.12	  	Fair Market Value	  	3
	2.13	  	Fees	  	3
	2.14	  	Participant	  	3
	2.15	  	Plan	  	3
	2.16	  	Secretary	  	3
	2.17	  	Separation from Service	  	4
	2.18	  	Shares	  	4
	2.19	  	Special One Time Director Stock Awards	  	4
	2.20	  	Stock Units	  	4
	2.21	  	Stock Unit Account	  	4
		
	ARTICLE III SHARES AVAILABLE UNDER THE PLAN	  	4
		
	ARTICLE IV ADMINISTRATION	  	4
			
	4.1  	  	Plan Administration	  	4
	4.2  	  	Administrative Duty	  	5
	4.3  	  	Committee Authority	  	5
		
	ARTICLE V ELIGIBILITY	  	5
			
	5.1  	  	Eligibility	  	5
	5.2  	  	Employment	  	5
	5.3  	  	Stock Ownership Limits	  	5

					
		
	ARTICLE VI DEFERRAL ELECTIONS IN LIEU OF CASH PAYMENT	  	5
			
	6.1  	  	General Rule	  	5
	6.2  	  	Timing of Elections	  	5
	6.3  	  	Form of Election	  	6
	6.4  	  	Establishment of Stock Unit Account	  	7
	6.5  	  	Credit of Dividend Equivalents	  	7
		
	ARTICLE VII DIRECTOR STOCK AWARDS	  	7
			
	7.1  	  	Qualification and Amount	  	7
	7.2  	  	Vesting	  	7
	7.3  	  	Credit of Dividends and Dividend Equivalents	  	8
		
	ARTICLE VIII SETTLEMENT OF STOCK UNITS AND DIRECTOR STOCK AWARDS	  	8
			
	8.1  	  	Payment Options	  	8
	8.2  	  	Payment Timing	  	8
	8.3  	  	Continuation of Dividend Equivalents	  	8
	8.4  	  	In Kind Dividends	  	8
		
	ARTICLE IX SPECIAL ONE-TIME DIRECTOR STOCK AWARDS	  	9
			
	9.1  	  	Special One-Time Director Stock Awards	  	9
	9.2  	  	Vesting	  	9
	9.3  	  	Conversion and Payment of Special One-Time Director Stock Awards	  	9
		
	ARTICLE X UNFUNDED STATUS	  	9
		
	ARTICLE XI DESIGNATION OF BENEFICIARY	  	9
		
	ARTICLE XII ADJUSTMENT PROVISIONS	  	9
		
	ARTICLE XIII PLAN CONSTRUCTION	  	10
		
	ARTICLE XIV GENERAL PROVISIONS	  	10
			
	14.1  	  	No Right to Continue as a Director	  	10
	14.2  	  	No Shareholder Rights Conferred	  	10
	14.3  	  	Change to the Plan	  	10
	14.4  	  	Consideration	  	11
	14.5  	  	Compliance with Laws and Obligations	  	11
	14.6  	  	Limitations on Transferability	  	11
	14.7  	  	Governing Law	  	11
	14.8  	  	Plan Termination	  	12

  

 ii 

 HOST HOTELS & RESORTS, INC. 
 Non-Employee Directors’ Deferred Stock Compensation Plan 
 WHEREAS, Host
Marriott Corporation sponsored the Host Marriott Corporation Non-Employee Directors’ Deferred Stock Compensation Plan, as amended and restated January 1, 2005 (the “Plan”); and 
 WHEREAS, Host Marriott Corporation changed its name to Host Hotels & Resorts, Inc.; and 
 WHEREAS, pursuant to Section 14.3 of the Plan, the Board (as defined in Section 2.1) reserves the right to amend the Plan at any time; and

 WHEREAS, the Board has determined to amend the Plan to reflect the final regulations issued under Section 409A of the Internal
Revenue Code (as part of the American Jobs Creation Act of 2004); and 
 WHEREAS, Host Hotels & Resorts, Inc. intends to comply
fully with the requirements of Section 409A of the Code, and Treasury regulations to be issued from time to time interpreting the statute; 
 NOW, THEREFORE, set forth herein are the terms of the Plan, as amended and restated effective as of January 1, 2008, for the benefit of certain non-employee directors. 

 ARTICLE I 
 PURPOSE AND EFFECTIVE DATE 
 1.1 Purpose. The Host Hotels & Resorts, Inc. Non-Employee
Directors’ Deferred Stock Compensation Plan (the “Plan”) is intended to advance the interests of Host Hotels & Resorts, Inc. and its shareholders by providing a means to attract and retain highly-qualified persons to serve as
non-employee Directors and to promote ownership by non-employee Directors of a greater proprietary interest in Host Hotels & Resorts, Inc., thereby aligning such Directors’ interests more closely with the interests of shareholders of
Host Hotels & Resorts, Inc. 
 1.2 Effective Date. This amendment and restatement of the Plan shall become effective as of
January 1, 2008. 
 ARTICLE II 
 DEFINITIONS 
 The following terms shall be defined as set forth below: 
 2.1 Board. 
 “Board” means the Board of Directors of the Company. 
 2.2 Code. 
 “Code” means the Internal
Revenue Code of 1986, as amended and the regulations issued thereunder. 
 2.3 Committee. 
 “Committee” has the meaning set forth in Section 4.1. 
 2.4 Company. 
 “Company” means Host Hotels & Resorts, Inc., a Maryland corporation, or any
successor thereto. 
 2.5 Contribution Date. 
 “Contribution Date” means the Contribution Date as defined in the Employee Benefits and Other Employment Matters Allocation Agreement between Host Hotels & Resorts, Inc., Host Hotels &
Resorts, L.P. and Crestline Capital Corporation. 
 2.6 Deferral Date. 
 “Deferral Date” has the meaning set forth in Section 6.4. 
  

 2 

 2.7 Deferral Election. 
 “Deferral Election” means the written election filed with the Committee in accordance with Sections 6.2(a). 
 2.8 Director. 
 “Director” means any individual who is a member of the Board. 
 2.9 Director Stock Awards. 
 “Director
Stock Awards” means the stock awards described in Article VII of this Plan. 
 2.10 Distribution Election. 
 “Distribution Election” means the written election filed with the Committee in accordance with Sections 6.2(b). 
 2.11 Exchange Act. 
 “Exchange Act”
means the Securities Exchange Act of 1934, as amended. References to any provision of the Exchange Act include rules thereunder and successor provisions and rules thereto. 
 2.12 Fair Market Value. 
 “Fair Market Value” means the average of the highest and
lowest quoted selling prices for the Shares on the relevant date, or (if there were no sales on such date) the average so computed on the nearest day before and the nearest day after the relevant date, as reported in The Wall Street Journal or a
similar publication selected by the Committee. 
 2.13 Fees. 
 “Fees” means all or part of any retainer and/or fees payable to a non-employee Director in his or her capacity as a Director. 
 2.14 Participant. 
 “Participant” means a Director who is not employed by the Company
or its affiliates and who is approved by the Board to participate in this Plan. 
 2.15 Plan. 
 “Plan” has the meaning set forth in Section 1.1. 
 2.16 Secretary. 
 “Secretary” means the Corporate Secretary or any Assistant Corporate Secretary of the
Company. 
  

 3 

 2.17 Separation from Service. 
 “Separation from Service” shall mean the termination of Participant’s services to the Employer in accordance with Treas. Reg. §1.409A-1(h). A transfer within and among the Employer and any member
of a controlled group, as provided in Code Section 409A(d)(6), shall not be deemed a Separation from Service. 
 2.18 Shares. 

“Shares” means shares of the common stock of Company, par value $1.00 per share, for the period before the Contribution Date, and shares of
common stock of the Company, par value $0.01 per share, for the period beginning on or after the Contribution Date. 
 2.19 Special One Time Director
Stock Awards. 
 “Special One-Time Director Stock Awards” means the stock awards described in Article IX of this Plan.

 2.20 Stock Units. 
 “Stock
Units” means the credits to a Participant’s Stock Unit Account under Article VI of this Plan, each of which represents the right to receive one Share upon settlement of the Stock Unit Account. 
 2.21 Stock Unit Account. 
 “Stock Unit
Account” means the bookkeeping account established by the Company pursuant to Section 6.4. 
 ARTICLE III 
 SHARES AVAILABLE UNDER THE PLAN 
 Subject to adjustment as provided in Article XII, the maximum number of Shares that may be distributed in settlement of Stock Unit Accounts under this Plan shall not exceed 500,000. Such Shares may include authorized but unissued Shares or
treasury Shares. 
 ARTICLE IV 
 ADMINISTRATION 
 4.1 Plan Administration. This Plan shall be administered by the Board’s Compensation Policy Committee
(the “Committee”), or such other committee which shall be composed of “Non-Employee Directors” within the meaning of Rule 16b-3 under the Exchange Act as may be designated by the Board. Notwithstanding the foregoing, no Director
who is a Participant under this Plan shall participate in any determination relating solely or primarily to his or her own Shares, Stock Units or Stock Unit Account. 
  

 4 

 4.2 Administrative Duty. It shall be the duty of the Committee to administer this Plan in accordance with
its provisions and to make such recommendations of amendments or otherwise as it deems necessary or appropriate. 
 4.3 Committee Authority.
The Committee shall have the authority to make all determinations it deems necessary or advisable for administering this Plan, subject to the limitations in Section 4.1 and other explicit provisions of this Plan. 
 ARTICLE V 
 ELIGIBILITY

 5.1 Eligibility. Each Director who is not an employee of the Company or its affiliates shall be eligible to defer Fees under Article VI
of this Plan and to receive Director Stock Awards under Article VII of this Plan. 
 5.2 Employment. If such Director subsequently becomes an
employee of the Company (or any of its subsidiaries), but does not incur a Separation from Service, such Director shall (a) continue as a Participant with respect to Fees previously deferred and (b) cease eligibility with respect to all
future Fees, if any, earned while an employee and with respect to any further Director Stock Awards. 
 5.3 Stock Ownership Limits.
Notwithstanding any other provision to the contrary, a Director shall not be eligible to participate in the Plan and shall cease to be a Participant, to the extent such Director was a Participant immediately before the application of this
Section 5.3 to such Director, if the participation of such Director would violate the ownership limits set forth in Article VIII of Host Hotels & Resorts, Inc.’s Articles of Restatement of Articles of Incorporation. 
 ARTICLE VI 
 DEFERRAL ELECTIONS IN
LIEU OF CASH PAYMENT 
 6.1 General Rule. Each Director may, in lieu of receipt of Fees, defer such Fees in accordance with this Article
VI, provided that such Director is eligible under Article V of this Plan to defer such Fees at the date any such Fees are otherwise payable. 
 6.2
Timing of Elections. 
 (a) Deferral Elections. Each eligible Director who wishes to defer Fees under this Plan must make a
written Deferral Election prior to the start of the calendar year for which the Fees would otherwise be earned, which Deferral Election shall be irrevocable as of the December 31 immediately preceding the calendar year in which the Fees are
earned. Notwithstanding the foregoing, with respect to any Deferral Election made by a newly elected or appointed Director or Director who was not previously eligible to participate in the Plan and who does not participate in and has not for 24
months participated in any other nonqualified deferred compensation account balance plan that must be aggregated with the Plan pursuant to Code Section 409A), then the Deferral Election: 
  

	 	(i)	must be filed not later than 30 days after the date of initial eligibility, 

  

 5 

	 	(ii)	shall be effective only with respect to compensation for services to be performed subsequent to the election, and 

  

	 	(iii)	shall be irrevocable once made, for all Fees earned in that calendar year. 

 If a newly eligible Director fails to make a Deferral Election within 30 days of initial eligibility to participate, then such Director may make an initial Deferral Election (and Distribution Election, pursuant to Section 6.2(b) below)
only with respect to Fees earned in subsequent calendar years. 
 A Deferral Election by a Participant shall be deemed to be continuing and therefore
applicable to Fees to be paid in future years unless the Participant revokes or changes such election by filing a new Deferral Election form prior to the start of the calendar year for which the Fees would otherwise be earned or ceases to be a
Participant. Notwithstanding any provision of the Plan to the contrary, a Deferral Election shall be automatically cancelled on the Participant’s Separation from Service and shall be without effect thereafter. 
 (b) Distribution Elections. Each Participant in the Plan as of December 31, 2008 shall file a Distribution Election with respect to the form
of which his Stock Unit Account shall be paid in accordance with Section 8.1, with respect to all amounts deferred on his behalf under the Plan whether before or after December 31, 2008, and such Distribution Election shall be filed no
later than December 31, 2008 and shall become irrevocable on December 31, 2008. Each Participant who becomes a Participant in the Plan after December 31, 2008 shall file a Distribution Election at the same time and in the same manner
as the Participant’s initial Deferral Election. A Participant may not change or modify his Distribution Election after it has become irrevocable. If no Distribution Election is filed pursuant to this Section 6.2, then Section 6.3
shall apply. 
 6.3 Form of Election. A Deferral Election and Distribution Election shall be made by completing and filing the specified
election form with the Secretary of the Company within the applicable period described in Section 6.2. In the event Directors’ Fees are increased or decreased during any calendar year, a Participant’s election in effect for such year
will apply to the specified percentage of Fees as increased or decreased. 
 In any situation in which the Committee is unable to determine the method of
payment because of incomplete, unclear, or uncertain instructions in a Participant’s Distribution Election form, or if no such form is on file with respect to a Participant, then the Participant will be deemed to have elected a lump sum
distribution. 
 6.4 Establishment of Stock Unit Account. The Company will establish a Stock Unit Account for each Participant. All Fees
deferred pursuant to this Article VI shall be credited to the Participant’s Stock Unit Account as of the date the Fees would otherwise have been paid to the Participant (the “Deferral Date”) and converted to Stock Units as follows:
The number of Stock Units shall equal the deferred Fees divided by the Fair Market Value of a Share on the Deferral Date, with fractional units calculated to at least three (3) decimal places. 
 6.5 Credit of Dividend Equivalents. As of each dividend payment date with respect to Shares, each Participant shall have credited to his or her Stock Unit
Account an additional 

  

 6 

 
number of Stock Units equal to (a) the per-share cash dividend payable with respect to a Share on such dividend payment date, (b) multiplied by the
number of Stock Units held in the Stock Unit Account attributable to deferred Fees as of the close of business on the record date for such dividend, (c) divided by the Fair Market Value of a Share on such dividend payment date. If dividends are
paid on Shares in a form other than cash, then such dividends shall be notionally converted to cash, if their value is readily determinable, and credited in a manner consistent with the foregoing formula and, if their value is not readily
determinable, shall be credited “in kind” to the Participant’s Stock Unit Account. 
 ARTICLE VII 
 DIRECTOR STOCK AWARDS 
 7.1 Qualification and
Amount. Participants will be entitled to receive, effective immediately following each annual meeting of Shareholders, an annual Director Stock Award equal to the number of Stock Units derived by dividing (a) the amount of the annual
retainer fee to be paid to Participants for the year in question by (b) the Fair Market Value of a Share on the date immediately preceding the date of the annual meeting. Notwithstanding any other provision, however, a Participant shall not be
entitled to receive an annual Director Stock Award if such award would violate the ownership limits set forth in Section 5.3. The Director Stock Award shall be automatically credited to the Participant’s Stock Unit Account. 
 7.2 Vesting. A Participant’s annual Director Stock Award will be fully vested and nonforfeitable when granted. 
 7.3 Credit of Dividends and Dividend Equivalents. As of each dividend payment date with respect to Shares, each Participant shall have credited to his or
her Stock Unit Account an additional number of Stock Units equal to (a) the per-share cash dividend payable with respect to a Share on such dividend payment date, (b) multiplied by the number of Stock Units held in the Stock Unit Account
attributable to Director Stock Awards as of the close of business on the record date for such dividend, (c) divided by the Fair Market Value of a Share on such dividend payment date. If dividends are paid on Shares in a form other than cash,
then such dividends shall be notionally converted to cash, if their value is readily determinable, and credited in a manner consistent with the foregoing formula and, if their value is not readily determinable, shall be credited “in kind”
to the Participant’s Stock Unit Account. 
 ARTICLE VIII 
 SETTLEMENT OF STOCK UNITS AND DIRECTOR STOCK AWARDS 
 8.1 Payment Options. The
Participant’s Distribution Election submitted pursuant to Section 6.2(b) shall specify whether the Participant’s Stock Unit Account is to be settled by delivering to the Participant (or his or her beneficiary) the number of Shares
equal to the number of whole Stock Units then credited to the Participant’s Stock Unit Account, in (a) a lump sum, or (b) substantially equal annual installments over a period not to exceed ten (10) years. If, upon lump sum
distribution or final distribution of an installment, less than one whole Stock Unit is credited to a Participant’s Stock Unit Account, cash will be paid in lieu of fractional shares on the date of such distribution based on the Fair Market
Value of a Share on the date of payment. 
  

 7 

 8.2 Payment Timing. Shares payable pursuant to Section 8.1 shall be distributed in a lump sum or in up
to ten (10) annual installments to the Participant commencing on the ninetieth (90th) day following the Participant’s Separation from Service, in accordance with his Distribution Election. If a Participant has elected distribution of
his Stock Unit Account in installments, each subsequent installment distribution shall be made on the January 15 of each subsequent calendar year. 
 8.3 Continuation of Dividend Equivalents. If payment of Stock Units is deferred and paid in installments, the Participant’s Stock Unit Account shall continue to be credited with dividend equivalents as provided in
Sections 6.5 and 7.3. 
 8.4 In Kind Dividends. If any “in kind” dividends were credited to the Participant’s Stock Unit Account
under Sections 6.5 or 7.4, such dividends shall be payable to the Participant in full on the date of the first distribution of Shares under Section 8.1. 
 ARTICLE IX 
 SPECIAL ONE-TIME DIRECTOR STOCK AWARDS 
 9.1 Special One-Time Director Stock Awards. Subject to Section 9.2, Participants who were Directors as of May 1, 1997, received a Special
One-Time Director Stock Award as follows: 
  

			
	 Name of Director
	  	 Special One-Time
 Director Stock Award

	Robert M. Baylis	  	7,000 Shares
	Ann Dore McLaughlin	  	7,000 Shares

 9.2 Vesting. All Special One-Time Director Stock Awards are fully vested. 
 9.3 Conversion and Payment of Special One-Time Director Stock Awards. The Company will convert Special One-Time Director Stock Awards into Shares upon an
eligible Participant’s Separation from Service. The Company will distribute Special One-Time Director Stock Awards pursuant to the Participant’s Distribution Election in accordance with Sections 81. and 8.2. 
 ARTICLE X 
 UNFUNDED STATUS

 The interest of each Participant in any Fees deferred under this Plan (and any Stock Units or Stock Unit Account relating thereto) or
in any Director Stock Award or in any Special One-Time Director Stock Award shall be that of a general creditor of the Company. Stock Unit Accounts, and Stock Units (and, if any, “in kind” dividends) credited thereto, Director Stock Awards
and Special One-Time Director Stock Awards shall at all times be maintained by the Company as bookkeeping entries evidencing unfunded and unsecured general obligations of the Company. 
  

 8 

 ARTICLE XI 
 DESIGNATION OF BENEFICIARY 
 Each Participant may designate, on a form provided by the Committee, one
or more beneficiaries to receive the benefits credited to the Participant’s Stock Unit Account in the event of such Participant’s death. The Company may rely upon the beneficiary designation last filed with the Committee, provided that
such form was executed by the Participant or his or her legal representative and filed with the Committee prior to the Participant’s death. 
 ARTICLE XII 
 ADJUSTMENT PROVISIONS 
 In the event any recapitalization, reorganization, merger, consolidation, spin-off, combination, repurchase, exchange of shares or other securities of the Company, stock split or reverse split, or similar corporate
transaction or event affects Shares such that an adjustment is determined by the Board or Committee to be appropriate to prevent dilution or enlargement of Participants’ rights under this Plan, then the Board or Committee will make an
adjustment, if any, determined in its sole discretion to be appropriate or necessary, in the number or kind of Shares to be delivered upon settlement of Stock Unit Accounts, Director Stock Awards or Special One-Time Director Stock Awards under
Articles VIII or IX. 
 ARTICLE XIII 
 PLAN CONSTRUCTION 
 It is the intent of the Company that this Plan comply in all respects with
applicable provisions of Rule l6b-3 under the Exchange Act in the connection with the deferral of Fees so that Participants will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Exchange Act and will
not be subjected to avoidable liability thereunder. Any contrary interpretation of the Plan shall be avoided. 
 ARTICLE XIV

 GENERAL PROVISIONS 
 14.1 No
Right to Continue as a Director. Nothing contained in this Plan will confer upon any Participant any right to continue to serve as a Director. 
 14.2 No Shareholder Rights Conferred. Except for dividend equivalents under Section 6.5 and Section 7.3, nothing contained in this Plan will confer upon any Participant any rights of a shareholder of the Company
unless and until Shares are in fact converted, issued or transferred to such Participant in accordance with Articles VII or VIII. 
 14.3 Change to the
Plan. The Board may amend, alter, suspend, discontinue or terminate the Plan without the consent of shareholders or Participants, except that any such action will be subject to the approval of the Company’s shareholders at the next
annual meeting of shareholders having a record date after the date such action was taken if such shareholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the
Shares may then be listed or quoted or if the Board determines in its discretion to seek such shareholder approval. 
  

 9 

 To the extent applicable, this amended and restated Plan shall be interpreted in accordance with Internal Revenue Code
Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Company determines that any compensation or benefits payable under this Plan do not comply with Code Section 409A and related
Department of Treasury guidance, the Company shall amend the Plan or take such other actions as the Company deems necessary or appropriate to comply with the requirements of Code Section 409A while preserving the economic agreement of the
parties. Any other provision of the Plan to the contrary notwithstanding, in the event that the IRS prevails in its claims that amounts contributed to the Plan, and/or earnings thereon, constitute taxable income to the Participant or his designated
beneficiary for any taxable year of his, prior to the taxable year in which such contributions and/or earnings are distributed to the Participant or beneficiary, or in the event that legal counsel satisfactory to the Company, the trustee and the
applicable Participant or beneficiary renders an opinion that the IRS would likely prevail in such a claim, the amount subject to such income tax shall be immediately distributed to the Participant or beneficiary. 
 Any such amendment, modification, cancellation, or termination of the Plan may adversely affect the rights of a Participant without the Participant’s consent.

 14.4 Consideration. The consideration for Shares issued or delivered in lieu of payment of Fees will be the Director’s service during
the period to which the Fees paid in the form of Shares related. 
 14.5 Compliance with Laws and Obligations. The Company will not be
obligated to issue or deliver Shares in connection with this Plan in a transaction subject to the registration requirements of the Securities Act of 1933, as amended, or any other federal or state securities or tax law, any requirement under any
listing agreement between the Company and any national securities exchange or automated quotation system or any other laws, regulations, the Company’s Articles of Amendment and Restatement of Articles of Incorporation, or contractual
obligations of the Company, until the Company is satisfied that such laws, regulations and other obligations of the Company have been complied with in full. Certificates representing Shares delivered under the Plan will be subject to such
stop-transfer orders and other restrictions as may be applicable under such laws, regulations and other obligations of the Company, including any requirement that a legend or legends be placed thereon. 
 14.6 Limitations on Transferability. Stock Units, Director Stock Awards, Special One-Time Director Stock Awards and any other right under the Plan that may
constitute a “derivative security’ as generally defined in Rule 16a-l(c) under the Exchange Act will not be transferable by a Participant except by will or the laws of descent and distribution (or to a designated beneficiary in the event
of a Participant’s death); provided, however, that such rights may be transferred to one or more trusts or other beneficiaries during the lifetime of the Participant in connection with the Participant’s estate planning, but only if and to
the extent then permitted under Rule 16b-3 and consistent with the terms of this Plan (including, but not limited to, the requirements of Section 5.3), the registration of the offer and sale of Shares on Form S-8 or a successor registration
form of the Securities and Exchange Commission. Stock Units, Director Stock Awards, Special One-Time Director Stock Awards and other rights under the Plan may not be pledged, mortgaged, hypothecated or otherwise encumbered, and shall not be subject
to the claims of creditors. 
  

 10 

 14.7 Governing Law. The validity, construction and effect of the Plan and any agreement hereunder will be
determined in accordance with the Delaware General Corporation Law, to the extent applicable, other laws (including those governing contracts) of the State of Maryland, without giving effect to principles of conflicts of laws, and applicable federal
law. 
 14.8 Plan Termination. Unless earlier terminated by action of the Board or Executive Committee of the Board, the Plan will remain in
effect until such time as no Shares remain available for delivery under the Plan and the Company has no further rights or obligations under the Plan. 
  

 11 

 CERTIFICATE OF SECRETARY 
 I, the undersigned, Elizabeth A. Abdoo, Executive Vice President, General Counsel and Secretary of Host Hotels & Resorts, Inc. (the
“Corporation”), do hereby certify that the attached copy of the Host Hotels & Resorts, Inc. Non-Employee Directors’ Deferred Stock Compensation Plan as amended and restated effective as of January 1, 2008 (the
“Plan”) is a true and correct copy of the Plan and that there have been no amendments or modifications to the Plan that are not reflected in this copy. 
 IN WITNESS WHEREOF, I have hereunto set my hand and seal of the Corporation as of the 19th day of December, 2008. 
  

	
	 /s/ ELIZABETH A. ABDOO

  

 12Exhibit 10.30

 Exhibit 10.30 
 HOST HOTELS & RESORTS, INC. 
 SEVERANCE PLAN FOR EXECUTIVES 
 (As Amended and Restated, Effective as of January 1, 2008) 

 HOST HOTELS & RESORTS, INC. 
 SEVERANCE PLAN FOR EXECUTIVES 
 SECTION 1 — PURPOSE 
 The purpose of the Host Hotels & Resorts, Inc. Severance Plan for Executives (“Plan”) is to provide severance pay and benefits to certain Executives
of Host Hotels & Resorts, Inc. and its subsidiaries (collectively the “Company”) whose employment is terminated by the Company or by the Executive. The severance pay and benefits available under this Plan vary depending upon the
Participant’s title and the circumstances of his or her termination of employment, and they are contingent upon the execution of a release in favor of the Company. 
 The Plan is intended to be an “employee welfare benefit plan” as that term is defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended. Severance benefits for covered
Executives shall be determined exclusively under this Plan. All of the corporate policies and practices regarding severance, or similar payments upon employment termination, with respect to Executives eligible to participate herein are hereby
superseded by this Plan. Benefits under this Plan are in no way contingent upon retirement under any Company retirement plan. The severance pay and benefits available under this Plan do not represent the payment of income deferred for services
performed during employment. 
 SECTION 2 — DEFINITIONS 
 The following capitalized terms shall have the meanings set forth in this Section 2 unless the context clearly indicates otherwise: 
 2.1 “Administrator” means the Company or its delegees. 
 2.2 “Average Bonus” means the sum of the Participant’s actual paid bonus for the three years prior to the Severance Date divided by three. 
 2.2 “Base Salary” means the Participant’s current annual base salary, excluding the Participant’s annual bonus and all other forms of
compensation and allowances. 
 2.3 “Company” means Host Hotels & Resorts, Inc. and its subsidiaries. 
 2.4 “Cause” means any conduct that in the reasonable judgment of the Board of Directors is detrimental to the interests of the Company. Such
conduct shall include, without limitation: 
 (A) failing to perform assigned duties in a reasonable manner; 
  

 2 

 (B) failing to perform assigned duties as a result of incompetence or neglect; 
 (C) engaging in any act of dishonesty or bad faith with respect to the Company or the Company’s affairs; 
 (D) committing any act or crime that reflects unfavorably on the Participant or the Company; or 
 (E) engaging in any other conduct that in the reasonable judgment of the Board justifies termination. 
 A determination of Cause by the Board of Directors shall be final and binding on the parties for all purposes; provided however that such determination may not be
arbitrary or capricious. 
 2.5 “Change in Control” means the occurrence of a “change in the ownership,” a “change
in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company, as determined in accordance with this Section 2.5. In determining whether an event shall be considered a “change
in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of an entity, the following provisions shall apply: 
 (A) A “change in the ownership” of the Company shall occur on the date on which any one person, or more than one person acting as a group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (a “Person”)), acquires ownership of the equity securities of the Company that, together with the equity securities held by such
Person, constitutes more than 50% of the total fair market value or total voting power of the Company, as determined in accordance with Treas. Reg. §1.409A-3(i)(5)(v). If a Person is considered either to own more than 50% of the total fair
market value or total voting power of the equity securities of the Company, or to have effective control of the Company within the meaning of Section 2.5(B), and such Person acquires additional equity securities of the Company, the acquisition
of additional equity securities by such Person shall not be considered to cause a “change in the ownership” of the Company. 
 (B)
A “change in the effective control” of the Company shall occur on either of the following dates: 
 (i) The date on which any
Person, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person) ownership of equity securities of the Company possessing 30% or more of the total voting power of the Company’s
equity securities, as determined in accordance with Treas. Reg. §1.409A-3(i)(5)(vi). If a Person is considered to possess 30% or more of the total voting power of the Company’s equity securities, and such Person acquires 

  

 3 

 
additional equity securities of the Company, the acquisition of additional equity securities by such Person shall not be considered to cause a “change
in the effective control” of the Company; or 
 (ii) The date on which a majority of the members of the Board of Directors is replaced
during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board of Directors before the date of the appointment or election, as determined in accordance with Treas. Reg.
§1.409A-3(i)(5)(vi). 
 (C) A “change in the ownership of a substantial portion of the assets” of the Company shall occur on
the date on which any one Person acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such Person) assets from the Company that have a total gross fair market value equal to or more than 40% of
the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions, as determined in accordance with Treas. Reg. §1.409A-3(i)(5)(vii). A transfer of assets shall not be treated as a
“change in the ownership of a substantial portion of the assets” when such transfer is made to an entity that is controlled by the holders of the Company’s equity securities, as determined in accordance with Treas. Reg.
§1.409A-3(i)(5)(vii)(B). 
 (D) Notwithstanding the foregoing, the following acquisitions shall not constitute a Change in Control:
(i) an acquisition by the Company or entity controlled by the Company, or (ii) an acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled by the Company. 
 2.6 “Disability” or “Disabled” means that the Participant either: (a) has been determined to be entitled to benefits under a
disability insurance program that complies with the requirements of Treas. Reg. §1.409A-3(i)(4), or (b) if he is not a participant in such long-term disability insurance program, has been determined to be totally disabled by the Social
Security Administration. 
 2.7 “Effective Date” means January 1, 2008. 
 2.8 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 2.9 “Executive” means any active, full-time Executive of the Company. These individuals shall include the Chief Executive Officer, Chief
Financial Officer, Chief Operating Officer, Chief Development Officer, and individuals with the title of Executive Vice President or Senior Vice President as determined in the sole and absolute discretion of the Company. For purposes of this Plan,
“Executive” excludes any individual who has an individual employment or severance agreement with the Company. 
 2.10 “Good
Reason” means the occurrence of any of the following: 
 (A) A material diminution in the Participant’s total overall compensation
opportunity, which consists of the sum of the Participant’s Base Salary, cash bonus incentive opportunity and historic grant date value of any equity compensation, other than reductions applicable to executives of the Company in general;

  

 4 

 (B) A material diminution in the Participant’s authority, duties or responsibilities; 

(C) A material change in the geographic location at which the Participant is required to perform his duties for the Company; or 
 (D) Any other action or inaction that constitutes a material breach by the Company of the terms of Participant’s employment. 
 Notwithstanding the foregoing, (i) Good Reason shall not be deemed to exist unless notice of termination on account thereof (specifying a
termination date no later than 30 days from the date of such notice) is given no later than 30 days after the time at which the event or condition purportedly giving rise to Good Reason first occurs or arises and (ii) if there exists (without
regard to this clause (ii)) an event or condition that constitutes Good Reason, the Company shall have 30 days from the date notice of such a termination is given to cure such event or condition and, if the Company does so, such event or condition
shall not constitute Good Reason hereunder. 
 2.11 “Participant” means an Executive who is notified by the Company in writing that
he is listed on Exhibit B hereto. 
 2.12 “Plan” means the Host Hotels & Resorts, Inc. Severance Plan for Executives.

 2.13 “Plan Year” means the calendar year. 
 2.14 “Pro Rata Bonus” means the amount equal to the Participant’s full target bonus for the current fiscal year of the Company, determined in accordance with the applicable incentive compensation plan,
multiplied by a fraction the numerator of which is the number of days in the incentive plan year through the Severance Date and the denominator of which is 365. 
 2.15 “Release Agreement” means the Severance Agreement and Release in the substantially form hereto as Exhibit A and as acceptable to the Company, which shall include a general release given by the
Participant to the Company regarding employment-related claims, covenants against competition and the solicitation of employees and customers of the Company, and other matters as stated therein. The Release Agreement shall bind the Participant and
the Company. 
  

 5 

 2.16 “Severance Date” means the termination of the Participant’s services to the Company
and all Subsidiaries, whether voluntarily or involuntarily, in accordance with Treas. Reg. §1.409A-1(h). 
 2.17 “Successor”
means any employer (whether or not the employer is affiliated with the Company) which acquires (through merger, consolidation, reorganization, transfer, sublease, assignment, or otherwise) all or substantially all of the business or assets of the
Company, or of a division of the Company. 
 SECTION 3 — ELIGIBILITY AND PAYMENT 
 3.1 Subject to Sections 3.2, 3.3, and 3.4 of this Plan, an Executive shall become a Participant if, on or after the Effective Date, the Executive is
notified by the Company in writing that he or she is a Participant. 
 3.2 A Participant shall be entitled to the severance pay set forth in
Section 4 hereof, if: 
 (A) he or she returns and does not revoke a completed and executed Release Agreement to the Company within the
time period specified in Section 3.4 after such person’s Severance Date; and 
 (B) he or she is not and does not become
disqualified from receiving severance pay pursuant to Section 3.3 hereof at any time prior to such person’s Severance Date; provided, that a Participant shall be disqualified from receiving or retaining any severance pay hereunder if he or
she breaches the Release Agreement. 
 3.3 A Participant shall not be entitled to receive or retain the severance pay set forth in
Section 4 hereof, if the Participant: 
 (A) fails to return a properly signed Release Agreement to the Company in a timely manner as
required by Section 3.4; 
 (B) revokes such Release Agreement within the time period specified in the Release Agreement; 

(C) prior to his or her Severance Date, the Participant: 
 (i) terminates voluntarily his or her employment other than for Good Reason; 
 (ii) fails to show up and
properly attend work; or 
 (iii) fails to adequately perform his or her employment duties as established by the Company in its reasonable
judgment; 
  

 6 

 (D) rejects an offer or fails to accept an offer of another position from a Successor or from any
affiliate of the Company on or before his or her Severance Date; provided, however, that a Participant may still receive his or her severance benefits despite rejecting such offer if the rejection or failure to accept is for Good Reason; or

 (E) prior to the Severance Date, the Company terminates the employment of the Participant and: 
 (i) the termination is for Cause, as determined by the Company in its reasonable judgment; or 
 (ii) the Company determines after such termination that the Participant had engaged in conduct that would have constituted Cause had such conduct been
known to the Company prior to such termination. 
 3.4 Prior to the Severance Date,
such Participant will receive a Release Agreement, substantially in the form attached to this Plan as Exhibit A. Such Release Agreement must be timely and appropriately executed and effective on or before the 60th day following the Participant’s Severance Date for such Participant to qualify for payments and benefits under Section 4. 
 SECTION 4 — AMOUNT AND PAYMENT OF SEVERANCE PAY 
 4.1 If the Participant’s employment with the Company is terminated by the Company for Cause or Disability, or by reason of the Participant’s death, or by the Participant without Good Reason, then Company
shall pay the Participant all amounts earned or accrued through the Severance Date but not paid as of the Severance Date, including: 
 (A)
Base Salary; and 
 (B) reimbursement for reasonable and necessary expenses incurred by the Participant on behalf of the Company during the
period ending on the Severance Date; (collectively, “Accrued Compensation”). 
 In addition to the foregoing, if the Participant’s employment
is terminated by the Company because of Disability or Death, the Company shall pay to the Participant or his beneficiaries an amount equal to the Participant’s Pro Rata Bonus. 
 4.2 Except as otherwise provided in Section 4.3, if the Participant’s employment with the Company is terminated by the Company without Cause,
or by the Participant for Good Reason, the Participant shall be entitled to the following: 
 (A) the Company shall pay the Participant all
Accrued Compensation; 
  

 7 

 (B) the Company shall pay the Participant as severance pay and in lieu of any further compensation for
periods subsequent to the Severance Date an amount (the “Severance Amount”) in cash equal to: 
 (i) if the Participant is the
Chief Executive Officer of the Company on the Severance Date, two (2) times the sum of the Participant’s Base Salary and the Participant’s Average Bonus; or 
 (ii) if the Participant is not the Chief Executive Officer of the Company on the Severance Date, one (1) times the sum of the Participant’s
Base Salary and the Participant’s Average Bonus. 
 4.3 If during the one year immediately following a Change in Control, the
Participant’s employment with the Company is terminated by the Company without Cause, or by the Participant for Good Reason, then no severance benefits shall be payable pursuant to Section 4.2, and the Participant shall be entitled to the
following: 
 (A) the Company shall pay the Accrued Compensation; and 
 (B) the Company shall pay the Participant as severance pay and in lieu of any further compensation for periods subsequent to the Severance Date an
amount (the “Severance Amount”) in cash equal to: 
 (i) if the Participant is the Chief Executive Officer of the Company on the
Severance Date, three (3) times the sum of the Participant’s Base Salary and the Participant’s Average Bonus; or 
 (ii) if
the Participant is not the Chief Executive Officer of the Company on the Severance Date, two (2) times the sum of the Participant’s Base Salary and the Participant’s Average Bonus. 
 4.4 Participants shall have the right to continue medical and dental benefits under the continuation health coverage provisions of Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA) after his or her Severance Date, if otherwise eligible. To the extent that the Participant is eligible for and elects COBRA coverage, the Company shall cover the premium cost of such
coverage on a monthly basis for the lesser of (A) 18 months; or (B) until Participant no longer qualifies for COBRA continuance coverage. The Company’s obligation to cover this premium cost is limited to Participants who are eligible
to receive severance payments pursuant to Section 4.2 or Section 4.3 of the Plan, and will terminate when such a Participant becomes eligible to obtain any such benefits under a subsequent employer’s benefit plans. At the end of the
Participant’s Company-paid COBRA coverage, the Participant may continue 

  

 8 

 
COBRA coverage at the Participant’s expense and to the extent eligible under the terms of such Plan. In no event shall any Participant be entitled to a
cash payment in lieu of health coverage. 
 4.5 The severance pay provided for in this Section 4 shall be paid in a single lump sum as
soon as practicable after the Participant’s Severance Date. In no event will the severance payment be made later than two and one-half months after the Participant’s Severance Date. 
 4.6 The severance pay and benefits provided for in this Section 4 shall be in lieu of any other severance pay to which the Participant may be
entitled under any Company severance plan, program or arrangement. 
 4.7 Employment taxes and all other deductions required by law or by any
other Company plan, program or policy, shall be withheld from all severance payments. In addition, any amount payable under this Section 4 shall be reduced (but not below zero) by any payment made as required by government-mandated programs
that require payment of wages and fringe benefits in lieu of notice of closing, layoffs or termination of employment. 
 4.8 Participants
shall be paid for normal termination vacation pay and any other earned pay (if any) pursuant to existing Company policy and applicable state law. 
 4.9 Benefits under any other employee benefit plans, including but not limited to, restricted stock grants, stock awards, tax-qualified retirement plans, retiree health care plans, fringe benefit plans, incentive compensation plans, stock
option plans and nonqualified deferred compensation plans, and life insurance plans, policies or programs sponsored by the Company are governed solely by the terms of those plans, programs or policies. Participants may exercise stock options to the
extent that such options are exercisable under their terms. This Plan does not change the eligibility, termination or other provisions for those benefits. 
 4.10 The Company may, in its sole and absolute discretion, offer additional benefits or programs which, if offered, shall be described in appendices to this Plan. 
 4.11 The Company reserves the right to offset the benefits payable under Section 4, by any advance, loan or other monies the Participant owes the
Company. 
 SECTION 5 — DEATH BENEFITS 
 5.1 If a Participant dies before receiving his or her severance pay due under this Plan, such pay will be distributed in one lump sum cash payment to the Participant’s executor or administrator, as applicable, as
soon as practicable but in no event later than two and one-half months following the Participant’s Severance Date. 
  

 9 

 5.2 The Administrator may require that any individual or entity purporting to represent a
Participant’s estate provide such proof of such status as the Administrator may deem appropriate, including but not limited to letters testamentary or letters of administration. The Administrator may also require that such individual, as a
condition to receiving severance pay, agree in a provision to be incorporated in the Release Agreement, to indemnify and hold harmless the Administrator and such other persons deemed appropriate by the Administrator for any financial responsibility,
liability or expense arising out of a claim by another party or parties asserting entitlement to all or part of the benefit payable hereunder. In addition, the Company reserves the right to offset the benefits payable under this Section 5 by
any advance, loan or other monies the Participant, with respect to whom the severance pay is being paid, owes the Company. 
 SECTION 6
— BENEFIT LIMITATIONS 
 6.1 In the event that the Severance Amount and other benefits provided for in this Plan (i) would
constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this Section, would be subject to the excise tax imposed by
Section 4999 of the Code, then such severance benefits shall be either (i) delivered in full, or (ii) delivered as to the maximum extent which would result in no portion of such severance benefits being subject to excise tax under
Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by the Participant on an after-tax
basis, of the greatest amount of severance benefits under this Plan, notwithstanding that all or some portion of such severance benefits may be taxable under Section 4999 of the Code. 
 6.2 A determination as to whether a reduction of Severance Payments will be made pursuant to Section 6.1 shall be made by the Company or at the
Company’s expense by an accounting firm selected by the Company (the “Accounting Firm”). The Company shall provide its determination (the “Determination”), together with detailed supporting calculations and documentation to
the Participant within five days of the Severance Date if applicable, or such other time as requested by the Company or by the Participant (provided the Participant reasonably believes that any of the Payments may be subject to the Excise Tax). For
purposes of making the calculations required by this paragraph, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of
Sections 280G and 4999 of the Code. The Company and the Participant shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. Within ten days of the
delivery of the Determination to the Participant, the Participant shall have the right to dispute the Determination (the “Dispute”), which shall be subject 

  

 10 

 
to the claims procedures in Section 8. If there is no Dispute, the Determination shall be binding, final and conclusive upon the Company and the
Participant subject to the application of Section 6.3 below. 
 6.3 In the event the Company shall determine that payments pursuant to
this Plan would constitute an “excess parachute payments” thereby necessitating that Severance Payments be reduced in part if consistent with Section 6.1, the Participant may consult with the Company in determining the priority in
which any benefit payment shall be reduced. Any such joint determination must be made no later than seven (7) days prior to the next regular full-pay cycle, otherwise the Company’s decision of which benefits shall be reduced or eliminated
shall be final. 
 SECTION 7 — ADMINISTRATION 
 7.1 The Company shall have sole discretionary authority to interpret, apply and administer the terms of the Plan and to determine eligibility for and the amounts of benefits under the Plan, including interpretation of
ambiguous Plan provisions, determination of disputed facts or application of Plan provisions to unanticipated circumstances. The Company’s decision on any such matter shall be final and binding. 
 7.2 The Company shall be the administrator of the Plan for purposes of Section 3(16) of ERISA and shall have responsibility for complying with any
ERISA reporting and disclosure rules applicable to the Plan for any Plan Year. The Administrator may at any time delegate to any other named person or body, or reassume therefrom, any of its fiduciary responsibilities (other than trustee
responsibilities as defined in Section 405(c)(3) of ERISA) or administrative duties with respect to this Plan. 
 7.3 The Administrator
may contract with one or more persons to render advice or services with regard to any responsibility it has under this Plan. 
 7.4 Subject
to the limitations of this Plan, the Administrator shall from time to time establish such rules for the administration of this Plan as the Administrator may deem desirable. 
 SECTION 8 — CLAIMS PROCEDURE 
 8.1 If a Participant believes he or she has
not been provided with severance pay benefits due under the Plan, then the Participant may file a request for benefits under this Plan with the Human Resources Department or its delegate within ninety (90) days after the date the Participant
believes he or she should have received such benefits. If a Participant makes such a request for benefits under the Plan and that claim is denied, in whole or in part, the Administrator shall notify the Participant of the adverse determination
within ninety (90) calendar days unless the Administrator determines that special circumstances require an extension of time for processing. If the 

  

 11 

 
Administrator determines that an extension of time is necessary, written notice shall be furnished to the claimant prior to the end of the initial ninety-day
period and the extension shall not exceed ninety days from the original ninety-day period. The extension notice shall indicate the special circumstances requiring an extension and the date by which the Administrator expects to render a
determination. The Administrator shall notify the Participant of the specific reasons for the denial with specific references to pertinent Plan provisions on which the denial is based and shall notify the Participant of any additional material or
information that is needed to perfect the claim and explanation of why such material or information is necessary. At that time the Participant will be advised of his or her right to appeal that determination, and given an explanation of the
Plan’s review and appeal procedure including time limits, and a statement regarding the Participant’s right to bring a civil action under ERISA section 502(a) following an adverse determination or appeal. 
 8.2 A Participant may appeal the determination or denial by submitting to the Administrator within sixty (60) calendar days after receiving a denial
notice by: (a) requesting a review by the Administrator of the claim; (b) setting forth all of the grounds upon which the request for review is based and any facts in support thereof; and (c) setting forth any issues or comments which
the Participant deems relevant to the claim. The Participant may submit written comments, documents, records and other information relating to his claim. Upon request, the Participant may obtain free of charge, copies of all documents and records
relevant to his claim. 
 8.3 The Administrator shall act upon the appeal taking into account all comments, documents, records and other
information submitted by the Participant without regard to whether such information was submitted or considered in the initial benefit determination and shall render a decision within sixty (60) days or one hundred twenty (120) days in
special circumstances after its receipt of the appeal. If the Administrator determines that an extension of time is necessary, written notice of the extension shall be furnished to the Participant prior to the end of the initial sixty-day period.
The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render a determination. The Administrator shall review the claim and all written materials submitted by
the Participant, and may require him or her to submit, within ten (10) days of its written notice, such additional facts, documents, or other evidence as the Administrator in its sole discretion deems necessary or advisable in making such a
review. On the basis of its review, the Administrator shall make an independent determination of the Participant’s eligibility for benefits and the amount of such benefits under the Plan. The decision of the Administrator on any claim shall be
final and conclusive upon all persons if supported by substantial evidence. If the Administrator denies a claim on review in whole or in part, it shall give the Participant written notice of its decision setting forth the following: (a) the
specific reasons for the denial and specific references to the pertinent Plan provisions on which its decision was based; (b) notice that the Participant may obtain free of charge, copies of all documents, records and other information relevant
to the Participant’s claim; and (c) a statement of the Participant’s right to bring a civil action under section 502(a) of ERISA. 
  

 12 

 8.4 A Participant or his or her legal representative may appeal any final decision by filing an action in
a federal court of competent jurisdiction, provided that such action is filed no later than 90 days after receipt of a final decision by the Participant or his or her legal representative. 
 SECTION 9 — GENERAL 
 9.1 The benefits and costs of this Plan shall be paid
by the Company out of its general assets. 
 9.2 This Plan is intended to be an “employee welfare benefit plan”, as defined in
Section 3(1), Subtitle A of Title 1 of ERISA. The Plan will be interpreted to effectuate this intent. Notwithstanding any other provision of this Plan, no Participant in the event of termination shall receive hereunder any payment exceeding
three times that Officer’s annual compensation during the year immediately preceding the termination of his service, within the meaning of 29 C.F.R. Section 2510.3-2, as the same was in effect on the effective date of this Plan.

 9.3 The Participant and the Company acknowledge that the employment of the Participant by the Company is “at will” and, prior to
the Effective Date, may be terminated by either the Participant or the Company at any time. If prior to the Effective Date, the Participant’s employment with the Company terminates, the Participant shall have no rights under this Plan. Nothing
in this Plan shall be construed to create for any Participant a right of continued employment with the Company. 
 SECTION 10 —
AMENDMENT AND TERMINATION 
 The Company reserves the right to amend this Plan, in whole or in part, or discontinue or terminate the
Plan; provided, however, that any such amendment, discontinuance or termination shall not affect any right of any Participant to claim benefits under the Plan or as in effect prior to such amendment, discontinuance or termination, for events
occurring prior to the date of such amendment, discontinuance or termination. An amendment to this Plan, and/or resolution of discontinuance or termination, may be made by the Administrator, to the extent permitted by resolution of the Board of
Directors. 
 [REMAINDER OF PAGE INTENTIONALLY BLANK] 
  

 13 

 IN WITNESS WHEREOF, the Company has caused its
officer, duly authorized by its Board of Directors to execute the Plan on this 19th day of December, 2008. 
  

			
	HOST HOTELS & RESORTS, INC.
		
	By:	 	 /s/ ELIZABETH A. ABDOO

	Name:	 	Elizabeth A. Abdoo
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
		 

  

 14 

 EXHIBIT A 
 FORM OF 
 SEVERANCE AGREEMENT AND RELEASE 
 This is a Severance Agreement and Release (the “Agreement”) is required to be delivered by EMPLOYEE NAME (“Employee”) as a condition
of Employee’s receipt of severance and other benefits under the Host Hotels & Resorts, Inc. Severance Plan for Executives (the “Severance Plan”). 
 1. Employee agrees that, in consideration of the severance and other benefits to which he/she is eligible under the terms of the Severance Plan, he/she will, and hereby does knowingly and voluntarily, forever and
irrevocably release and discharge between Host Hotels & Resorts, L.P., a Delaware limited partnership (together with its parent, subsidiaries and affiliates, “Employer”), and each of its and their respective partners, officers,
directors, employees, agents, predecessors, successors, purchasers, assigns, representatives and benefit plans (collectively with the Employer, the “Releasees”) of any and all actions, causes of action, grievances, demands, rights, claims
for damages, indemnity, costs, interest, loss or injury whatsoever which he/she now has, has had, or may have, whether the same be at law, in equity, or mixed, in any way arising from or relating to Employee’s employment with Employer or the
termination of that employment. THIS IS A GENERAL RELEASE. Employee expressly acknowledges that this release specifically includes, but is not limited to, Employee’s intent to release Employer from any claim of age, race, sex,
religion, national origin or any other claim of employment discrimination under Title VII of the Civil Rights Act of 1964 (42 U.S.C. § 2000e et seq.), the Age Discrimination in Employment Act (29 U.S.C. § 621, et seq.), the
Americans with Disabilities Act (42 U.S.C. § 12101, et seq.), the Family and Medical Leave Act (29 U.S.C. § 2601 et seq.), Worker Adjustment and Retraining Notification Act, Employee Retirement Income Security Act, Article 49B of the
Maryland Code, and any other similar federal, state or local law regarding employment. Employee is not waiving rights or claims (i) that may arise after the date of this Agreement, (ii) for indemnification and/or advanced expenses under
applicable law, any directors and officers liability insurance, the Employer’s partnership agreement, applicable articles of incorporation or by-laws, (iii) to enforce the Severance Plan, (iv) to exercise vested stock options or other
equity awards determined as of the date hereof, (v) to employee benefits which have accrued and are payable pursuant to the Employer’s employee benefit plans, or (vi) which otherwise cannot be waived by law. 
 2. Employee agrees not to sue any Releasee or participate in any lawsuit against a Releasee concerning any claim released under Section 1 above, or
to challenge the enforceability of this Agreement or the release given thereby. 
 3. Employee agrees to treat this Agreement as confidential
and will not discuss or disclose the terms of this Agreement, other than to his/her immediate family members, attorneys and financial advisors, future employers regarding the provisions of Section 7, or as required by law. 

 4. Employee agrees that while he/she was employed by Employer he/she was exposed to certain confidential
and proprietary information of Employer. Such information may include, but is not necessarily limited to, business plans, analyses, forecasts, predictions or projections, customer information, technical information, business models, pricing
strategies, marketing ideas, sales data, sales projections, financing plans, valuations, capitalization, budgets and other financial information. It is specifically understood and agreed that Employee will maintain all such information in
strict confidence and will not use such information for any purpose whatsoever. 
 5. Employee agrees that he/she has not removed any
property of the Employer from the Employer’s premises, except as authorized by the Employer in writing, or that Employee has returned or will return all of the Employer’s property immediately upon execution of this Agreement. Such property
includes, but is not limited to, the original and any copies of any confidential information or trade secrets, PDA’s, keys, pass cards, customer lists, files, brochures, documents or computer disks or printouts, equipment and any other item
relating to the Employer and its business. Further, Employee agrees that he/she has not taken, procured, or copied any property of the Employer. 
 6. Employee shall not, at any time following the date of this Agreement, make or publish any derogatory, unfavorable, negative, disparaging, false, damaging or deleterious written or oral statements or remarks (including without limitation,
the repetition or distribution of derogatory rumors, allegations, or negative or unfavorable reports or comments) regarding any Releasee. 
 7. For a period of one year following the date of this Agreement, Employee will not directly or indirectly, as a director, officer, employee, manager, consultant, independent contractor, advisor or otherwise: 
  

	 	(a)	employ or solicit for employment, or advise or recommend to any other person or entity that they employ or solicit for employment, any employee of Employer;

  

	 	(b)	solicit or encourage any employee of Employer to leave the employ of Employer, to do any act that is disloyal to Employer, is inconsistent with the interests of Employer or violates
any provision of this Agreement or any agreement Employee has with Employer; or 

  

	 	(c)	provide his/her services to any person, company, firm, organization or other entity engaged in the ownership and management of hotel properties. 

 For purposes of the foregoing an “employee of Employer” shall include any person who was an employee of the
Employer at any time within six (6) months prior to Employee’s Severance Date (as defined in the Severance Plan). 
 8. Employee
has read and fully reviewed the terms of this Agreement. Employee acknowledges that he/she has been advised to consult with an attorney if he/she chooses before signing this Agreement. Employee also expressly acknowledges that she has been given at
least [21 or 45 if a group layoff] days to consider this Agreement and has 60 days from his/her Severance Date to return and not revoke an executed version of this Agreement before severance or other benefits under the Severance Plan are
payable. For a period of 7 days following the execution of this Agreement, Employee may revoke the Agreement. The Agreement shall not become effective or be in force until the revocation period has expired. 
 9. In the event the Employee breaches any terms of this Agreement, the Employee shall forfeit all rights to benefits under the Severance Plan, and in
addition to any and all other remedies available under law or equity to the Employer, the Employee shall be obligated to repay to the Employer, all amounts previously paid under the Severance Plan, as well as all reasonable attorneys’ fees,
expenses and costs incurred by Releasees. 
 10. Employee expressly acknowledges and understands that this Agreement is not an admission of
liability under any statute or otherwise by Employer, and it does not admit any violation of Employee’s legal rights. 
 11. The parties
agree that this Agreement shall be binding upon and inure to the benefit of Employee’s assigns, heirs, executors and administrators as well as all Releasees. 
 12. This Agreement contains the entire agreement and understanding of the parties. There are no additional promises or terms among the parties other than those contained herein. This Agreement shall not be
modified except in writing signed by both parties. This Agreement shall in all respects be interpreted, enforced and governed in accordance with the laws of Maryland, and furthermore, any dispute regarding this Agreement shall be subject to the
exclusive jurisdiction of any court of competent jurisdiction located in Montgomery County or the United States District Court of Maryland, Southern Division. 
 13. 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 any of the parties. In the event that one or more
provisions of this Agreement shall for any reason be held to be illegal or unenforceable, this Agreement shall be revised only to the extent necessary to make the Agreement or such provision(s) legal and enforceable. 

 14. [Include if part of a group layoff: Employee acknowledges that he/she has received a list of
the ages and job descriptions of the individuals who are eligible to receive severance benefits under the Severance Plan as a condition of signing a similar Severance Agreement and Release.] 
  

			
	Employer:	  	
		
	  
	  	  

	Company Representative	  	Employee
		
	  
	  	  

	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]