Document:

2003 Incentive Stock Program

 EXHIBIT 10.24 
 POST PROPERTIES, INC. 
 2003 INCENTIVE STOCK PLAN 

STOCK GRANT CERTIFICATE 

This Stock Grant Certificate evidences the grant by Post Properties, Inc., a Georgia corporation (“Post”), in accordance with the Amended and
Restated Post Properties, Inc. 2003 Incentive Stock Plan (“Plan”), of ______ shares of restricted Stock (the “Stock Grant”) to _____________ (“Director”). This Stock Grant is granted effective as of
_____________, which shall be referred to as the “Grant Date.” 
  

			
	POST PROPERTIES, INC.
		
	By:	 	 
		 	 Sherry W. Cohen
 Executive
Vice President & Secretary

 TERMS AND CONDITIONS 

Section 1.        Plan and Stock Grant Certificate.    This
Stock Grant is subject to all of the terms and conditions set forth in this Stock Grant Certificate and in the Plan, and if a determination is made that any term or condition set forth in this Stock Grant Certificate is inconsistent with the Plan,
the Plan shall control. All of the capitalized terms not otherwise defined in this Stock Grant Certificate shall have the same meaning in this Stock Grant Certificate as in the Plan. A copy of the Plan will be available to Director upon written
request to the corporate Secretary of Post. 
 Section 2.        Stockholder
Status.    Director shall have an immediate right to receive cash dividends on all of the shares of Stock subject to the Stock Grant while the shares remain subject to forfeiture under Section 3 and in addition shall
have the right to vote such shares. If Director forfeits shares under Section 3, Director shall at the same time forfeit Director’s right to vote the shares and to receive cash dividends paid with respect to the shares. Any Stock dividends
or other distributions of property made with respect to shares that remain subject to forfeiture under Section 3 shall be held by Post, and Director’s rights to receive such dividends or other property shall vest under Section 3 at
the same time as the shares with respect to which the dividends or other property are attributable. Except for the right to receive cash dividends and vote described in this Section 2, Director shall have no rights as a Stockholder with respect
to any shares of Stock subject to the Stock Grant under this Stock Grant Certificate until such shares have vested under Section 3. 

 Section 3.        Forfeiture and Vesting.

  

	 	(a)	General Rule.    Subject to Section 3(b), Director shall vest in the Stock Grant as follows: 

 

	 	(1)	the first one-third of the shares of Stock subject to this Stock Grant (rounding down to the nearest whole number) shall vest only if he remains a member of the Board
through the first anniversary of the Grant Date, 

  

	 	(2)	the second one-third of the shares of Stock subject to this Stock Grant (rounding down to the nearest whole number) shall vest only if he remains a member of the Board
through the second anniversary of the Grant Date, and 

  

	 	(3)	the balance of the shares of Stock subject to this Stock Grant shall vest only if he remains a member of the Board through the third anniversary of the Grant Date.

  

	 	(b)	Acceleration of Vesting. 

  

	 	(1)	After A Change in Control.    If Director’s status as a member of the Board terminates on or after the Effective Date of a Change in
Control as a result of 

  

	 	(a)	his failure to be nominated for election as a member of the Board at his first opportunity to be so nominated following such Change in Control, or

  

	 	(b)	his failure to be elected a member of the Board at his first opportunity to be so elected following such Change in Control, 

then the date his status as a member of the Board terminates shall be treated as the third anniversary of the Grant Date, and this Stock
Grant shall immediately be vested in full. 
  

	 	(2)	Disability or Death.    If Director’s status as a member of the Board terminates as a result of his Disability (as defined in
Section 3(c)) or death, then the date his status as a Director so terminates shall be treated as the third anniversary of the Grant Date, and this Stock Grant shall immediately be vested in full. 

 

	 	(3)	 Vesting Date.    If Director reaches his Vesting Date and there is no interruption in his status as a member of the Board
between the Grant Date and his Vesting Date, then the date he reaches his 

  
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Vesting Date shall be treated as the third anniversary of the Grant Date, and this Stock Grant shall immediately be vested in full. 

 

	 	(4)	Other.    If Director’s status as a member of the Board terminates for any reason other than a reason described in Sections 3(b)(1)
or 3(b)(2), then Director shall forfeit the unvested shares. 

  

	 	(c)	Definitions. 

  

	 	(1)	Change in Control.    The term “Change in Control” for purposes of this Stock Grant Certificate shall mean:

  

	 	(a)	a “change in control” of Post of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A for a proxy statement filed
under Section 14(a) of the Exchange Act as in effect on the Grant Date. 

  

	 	(b)	a “person” (as that term is used in 14(d)(2) of the Exchange Act) becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) directly or
indirectly of securities representing 45% or more of the combined voting power for election of directors of the then outstanding securities of Post; 

  

	 	(c)	the individuals who at the beginning of any period of two consecutive years or less (starting on or after the Grant Date) constitute the Board cease for any reason
during such period to constitute at least a majority of the Board, unless the election or nomination for election of each new member of the Board was approved by vote of at least two-thirds of the members of such Board then still in office who were
members of such Board at the beginning of such period; 

  

	 	(d)	the shareholders of Post approve any reorganization, merger, consolidation or share exchange as a result of which the stock of Post shall be changed, converted or
exchanged into or for securities of another organization (other than a merger with a Post Affiliate or a wholly-owned subsidiary of Post) or any dissolution or liquidation of Post or any sale or the disposition of 50% or more of the assets or
business of Post; or 

  

	 	(e)	 the shareholders of Post approve any reorganization, merger, consolidation or share exchange with another corporation unless (i) the persons who
were the beneficial owners of the outstanding shares of the stock of Post 

  
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immediately before the consummation of such transaction beneficially own more than 60% of the outstanding shares of the stock of the successor or survivor corporation in such transaction
immediately following the consummation of such transaction and (ii) the number of shares of the stock of such successor or survivor corporation beneficially owned by the persons described in Section 3(c)(1)(e)(i)) immediately following the
consummation of such transaction is beneficially owned by each such person in substantially the same proportion that each such person had beneficially owned shares of Post stock immediately before the consummation of such transaction, provided
(iii) the percentage described in Section 3(c)(1)(e)(i) of the beneficially owned shares of the successor or survivor corporation and the number described in Section 3(c)(1)(e)(ii) of the beneficially owned shares of the successor or
survivor corporation shall be determined exclusively by reference to the shares of the successor or survivor corporation which result from the beneficial ownership of shares of stock of Post by the persons described in Section 3(c)(1)(e)(i)
immediately before the consummation of such transaction. 

  

	 	(2)	Disability.    Director’s service as a member of the Board shall be treated as terminating by reason of a “Disability” if the
Committee determines that his service terminated because he no longer was able to perform the essential functions of his position as a result of a physical or mental illness with or without a reasonable accommodation by Post with respect to such
illness. 

  

	 	(3)	Effective Date.    The term “Effective Date” for purposes of this Stock Grant Certificate shall mean either the date which includes
the “closing” of the transaction which makes a Change in Control effective if the Change in Control is made effective through a transaction which has a “closing” or the date a Change in Control is reported in accordance with
applicable law as effective to the Securities and Exchange Commission if the Change in Control is made effective other than through a transaction which has a “closing”. 

 

	 	(4)	Exchange Act.    The term “Exchange Act” for purposes of this Stock Grant Certificate shall mean the Securities Exchange Act of
1934, as amended. 

  

	 	(5)	Vesting Date.    The term “Vesting Date” for purposes of this Stock Grant Certificate means the date Director reaches age 72.

  
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 Section 4.        Stock
Issuance.    Post shall issue the shares of Stock in the name of Director upon Director’s execution of the Irrevocable Stock Power in favor of Post attached hereto as Exhibit A. The Secretary of Post shall
hold such shares in certificate form or in book entry with Post’s transfer agent and any distributions made with respect to such shares (other than cash dividends) until such time as the shares have vested or have been forfeited. As soon as
practicable after each vesting date, Post shall issue to Director a stock certificate reflecting the shares that have vested and become nonforfeitable on such date (together with any distributions made with respect to the shares that have been held
by Post) or Post shall instruct its transfer agent to transfer the shares that have vested and become nonforfeitable on such date (together with any distributions made with respect to the shares that have been held by Post) from the non-vested to
the vested portion of the Director’s account. If shares are forfeited, the shares (together with any distributions made with respect to the shares that have been held by Post) automatically shall revert back to Post. 

Section 5.        Nontransferable.    No rights granted under
this Stock Grant Certificate shall be transferable by Director other than by will or the laws of descent and distribution. The person or persons, if any, to whom the Stock Grant is transferred by will or by the laws of descent and distribution shall
be treated after Director’s death the same as Director under this Stock Grant Certificate. 
 Section
6.        Withholding.    Director’s signing of this Stock Grant Certificate shall constitute Director’s consent and agreement for any tax withholding required as a
result of the transfer of the shares of Stock subject to the Stock Grant to Director or any dividends or other payments made with respect to the shares of Stock subject to the Stock Grant to be withheld from his or her regular cash compensation,
from the shares of Stock subject to the Stock Grant or pursuant to such other means as Post deems reasonable and appropriate under the circumstances. 
 Section 7.        Other Laws.    Post shall have the right to refuse to transfer shares of Stock subject to the Stock Grant to
Director if Post acting in its absolute discretion determines that the transfer of such shares might violate any applicable law or regulation. 
 Section 8.        No Right to Continue Service.    Neither the Plan, this Stock Grant Certificate, nor any related material shall
give Director the right to be nominated or elected as a member of the Board or as the Chairman of the Board. 

Section 9.        Governing Law.    The Plan and this
Stock Grant Certificate shall be governed by the laws of the State of Georgia. 

Section 10.    Binding Effect.    This Stock Grant Certificate shall be
binding upon Post and Director and their respective heirs, executors, administrators and successors. 

  
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 Section 11.        Headings and
Sections.    The headings contained in this Stock Grant Certificate are for reference purposes only and shall not affect in any way the meaning or interpretation of this Stock Grant Certificate. All references to sections
in this Stock Grant Certificate shall be to sections of this Stock Grant Certificate unless otherwise expressly stated as part of such reference. 
  

	
	I, [Director], HEREBY ACCEPT AND AGREE TO THE TERMS AND CONDITIONS SET FORTH IN THIS STOCK GRANT CERTIFICATE.
	
	  
	[Director]

  

  
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 Exhibit A 

IRREVOCABLE STOCK POWER 
 FOR VALUE RECEIVED, pursuant to that certain Stock Grant Certificate, dated ________________ (the “Stock Grant Certificate”), issued to the undersigned in respect of a grant of shares of
restricted Stock (the “Stock Grant”) of Post Properties, Inc. (“Post”), the undersigned hereby agrees, upon the occurrence of any forfeiture event described in the Stock Grant Certificate, to sell, assign and transfer to Post any
unvested shares of Stock subject to the Stock Grant, and does hereby irrevocably constitute and appoint Post to transfer said shares on the books of Post, with full power of substitution in the premises. 

DATED: As of ___________________ 

  
 7Agreement between and among Harman Management GmbH and Dr. Klaus Blickle

 Exhibit 10.1 
 Agreement 
 between and among 
 1.    Harman Management GmbH, 

        Becker-Göring-Straße 16, 76303 Karlsbad, Germany,

– hereinafter referred to as “the Company” – 
 represented by its shareholder Harman International Industries, Inc. 
 -hereinafter
referred to as “Harman”- 
 and 
 2.    Dr. Klaus Blickle, 

        [Address Intentionally Omitted], 
 – hereinafter referred to as “the Managing Director” – 

- collectively referred to as “the Parties” – 

Recitals 
  

	(1)	Whereas, on May 30, 2008 the Parties entered into a Managing Director Employment Agreement (hereinafter: “MDEA”), pursuant to which the Managing
Director performed his duties as Chief Executive Officer of the Harman Automotive Division and managing director of the Company. 

  

	(2)	Whereas, the Parties wish to enter into an amicable arrangement with regard to the termination of the MDEA between the Company and the Managing Director dated
May 30, 2008 based of the notice of termination by the Company dated April 7, 2010. 

 NOW, THEREFORE, the Parties agree
as follows: 
 Section 1 
 Termination 
  

	(1)	The Company and the Managing Director agree that the MDEA shall be terminated effective June 30, 2011 (hereinafter: “Termination Date”) based on
the notice of termination by the Company dated April 7, 2010. 

  

	(2)	The Managing Director has already resigned from the office as managing director (Geschäftsführer) of Harman Becker Automotive Systems GmbH and his
position as 

	 	 
Chief Executive Officer of the Harman Automotive Business. The Company has accepted such resignation and has already arranged for cancellation of the Managing Director’s registration in the
Commercial Register. 

  

	(3)	The Company continues to irrevocably release (freistellen) the Managing Director from performing his services and duties under the MDEA until the Termination
Date; any remaining vacation entitlement of the Managing Director shall be deducted from such period of release. 

Section 2 

Compensation 
  

	(1)	Based on a fixed annual gross salary of €500.000,00, the Managing Director will receive his fixed monthly gross salaries for the remaining months until the
Termination Date in an amount of €41.666,00 gross per month. 

  

	(2)	In addition to the Cycle 1 bonus for the fiscal year 2009/2010 in the amount of gross €283.562,00 already paid by the Company, the Managing Director will receive
as bonus for Cycle 2 of fiscal year 2009/2010 a payment in the amount of gross €45.000,00 (the “Cycle 2 Bonus”). The Cycle 2 Bonus payment is due and payable together with the pay slip in June 2011. The entitlement to the Cycle
2 bonus is already accrued and hereditary. The Parties agree that by payment of the Cycle 2 Bonus any and all bonus claims of the Managing Director arising from the MDEA or the MIC program of Harman, including such for fiscal years 2009/2010 and
2010/2011 according to Article 4.3 of the MDEA, shall be fully and finally settled. 

  

	(3)	Article 4.7 of the MDEA shall continue to apply until the Termination Date, i.e. the Company will provide for the insurance payments set forth in Article 4.7
until the Termination Date. The Parties will then make all declarations necessary to transfer the insurance policies to the Managing Director effective as of June 30, 2011. 

 

	(4)	Article 4.10 of the MDEA shall continue to apply, i.e. the Company shall reimburse the Managing Director for tuition for his dependent children until the Termination
Date as set forth in the MDEA. 

  

	(5)	Article 6 of the MDEA shall continue to apply unchanged until the Termination Date. 

  
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 Section 3 
 Company Car / Return of Items 
  

	(1)	The Managing Director shall be entitled to continue to use his company car, type Mercedes GL, official license plate number KA-HI 5005, for private purposes until the
Termination Date. The Company shall continue to pay the leasing payments for the company car and inspection and maintenance work carried out in an authorized Mercedes garage. The Managing Director shall return at the Termination Date the car in
proper condition with all accessories and all keys and papers to the Company’s fleet manager at the seat of the Company . 

  

	(2)	The Managing Director shall immediately return to the Company all documents and business records still in his possession, if any. 

Section 4 

Company Pension 
  

	(1)	The parties mutually agree to amend and rephrase Article 4.6 para 2 of the MDEA as follows: 

“The Annual Pension shall be in the amount of €33.500, and shall be paid in twelve (12) equal monthly installments
commencing the month following the month during which the last one of the following conditions has been satisfied: 
  

	 	(i)	the Executive has attained the age of 60; and 

  

	 	(ii)	the Executive is not employed by the Company or any of its Affiliates. 

 

	(2)	The remainder of Article 4.6 of the MDEA shall remain unaffected. 

 Section 5 
 Confidentiality 

 

	(1)	The Managing Director undertakes not to disclose any confidential information or secrets of the Company and the Affiliated Companies, in particular their business and
trade secrets. The Managing Director may not keep any business-related documents, including any electronically stored records, which contain information according to sentence 1. 

 

	(2)	The Managing Director shall keep the content of this Agreement strictly secret and confidential, except if and to the extent he is legally obligated to disclose same or
if disclosure to authorities becomes necessary for tax or social security purposes. 

  
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 Section 6 
 Approval of Acts 
 The Company shall ensure that the shareholders of Harman Becker
Automotive Systems GmbH will grant approval of acts (Entlastung) of the Managing Director for the time of his office as Managing Director in course of the approval of the respective financial statements. Signed copies of the
shareholders’ resolutions concerning approval of the acts will be provided by the Company to the Managing Director immediately after they have been passed. 
 Section 7 
 Stock Options 

Any stock options or RSUs granted to the Managing Director are subject to the terms, conditions and restrictions of the respective stock option
agreements and restricted share units agreements entered into between the Managing Director and Harman International Industries, Inc. and the applicable stock option and incentive plans. 

Section 8 

Negative Utterances 
 The
Managing Director shall not make any negative utterances, whether oral or written, express or implied, concerning the Company, any Affiliated Company, or any of their directors, officers or employees, suppliers or customers. In particular,
notwithstanding and in addition to the Managing Director’s general secrecy obligations, the Managing Director will not discuss or make any kind of statements with respect to the Managing Director’s history with, and views of, the Harman
Group. 
 Section 9 
 Press Release 
 The Parties will make statements or comments to the public about the
Managing Director, his termination and resignation only if and to the extent expressly agreed between the Parties in advance. 

  
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 Section 10 
 Covenant not to compete 
 The provisions of Article 8 of the MDEA shall remain unaffected.

 Section 11 
 Settlement 
 The Parties agree that upon signing of this Agreement neither of the Parties
shall have any claims, whether past, present or future, known or unknown, arising from the MDEA terminated as of the Termination Date and/or in connection with its termination, except for claims based on the rights and duties agreed upon in this
Agreement. 
 Section 12 
 Governing Law and Jurisdiction 
  

	(1)	This Agreement is governed by, and shall be construed in accordance with, the laws of Germany. 

 

	(2)	All disputes arising from this Agreement, the validity of its conclusion and its interpretation, shall be decided by an arbitration court which shall have exclusive
jurisdiction over such matters, and which jurisdiction shall exclude the jurisdiction by any court over such matters. Pursuant to Article 1031, para. 5 of the Federal Rules of Civil Procedure, a special arbitration agreement is concluded thereon
which is attached to this Agreement as Exhibit 1. 

 Section 13 

Miscellaneous 
  

	(1)	Any amendments of or supplements to this Agreement must be in writing signed by both the Managing Director and the shareholder(s) of the Company in order to be
effective, including any amendment of this provision. 

  

	(2)	This Agreement represents the entire agreement and understanding of the Parties and supersedes and cancels any prior written or oral agreement between the Managing
Director and the Company or Affiliated Companies, including, without limitation, any prior employment agreements or arrangements, whether written or oral. 

  
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	(3)	 The invalidity of any provision of this Agreement shall not affect the validity of the remainder hereof. Any invalid provision or omission, if any, in
this Agreement shall be replaced by an appropriate provision which best approximates the economic arrangement intended by the Parties. 

  

					
	 Harman Management GmbH

represented by its shareholder
 Harman
International Industries, Inc.
	 		 	
			
	By:/s/ John Stacey	 		 	Date: February 23, 2011 
	Name: John Stacey	 		 	
	 Titel: Executive Vice President

          and Chief Human Resources Officer
	 		 	
		 		 	
	/s/ Dr. Klaus Blickle	 		 	Date: February 23, 2011
	Dr. Klaus Blickle	 		 	

  
  

  
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 Arbitration Agreement 
 between and among 
  

	1.	Harman Management GmbH, Becker-Göring-Straße 16, 76303 Karlsbad, Germany, 

 represented by its shareholder Harman International Industries, Inc. 
 and 

 

	2.	Dr. Klaus Blickle, [Address Intentionally Omitted], 

 - collectively referred to as “the Parties” – 
 The Parties agree hereby as
follows: All disputes arising from the Agreement appended hereto between Dr. Klaus Blickle and Harman Management GmbH including its validity shall be finally settled by three arbitrators according to the Arbitration Rules of the German
Institution of Arbitration e.V. (DIS) without recourse to the ordinary courts of law. The arbitration tribunal shall also decide on the validity of this arbitration agreement. The arbitral tribunal shall apply German substantive law. The language of
the arbitration proceedings shall be English. If one party desires consideration of a document or of witness testimony in another language, that party must undertake the prior translation or simultaneous translation, respectively, of the same and
alone carry such as a separate, non-refundable expense. The place of arbitration shall be Frankfurt am Main, Federal Republic of Germany. With exception of possible translation expenses as described above, the winning party is entitled to the award
of all necessary (in accordance with Section 91 ZPO (German Civil Procedure Code)) costs and necessary (in accordance with Section 91 ZPO (German Civil Procedure Code)) expenses in connection with the proceedings (including attorneys’ fees
in accordance with the German Act on Attorney’s Fees (RVG)). 
  

					
	 Harman Management GmbH

represented by its shareholder
 Harman
International Industries, Inc.
	 		 	
			
	By:/s/ John Stacey	 		 	Date: February 23, 2011 
	Name: John Stacey	 		 	
	 Titel: Executive Vice President

          and Chief Human Resources Officer
	 		 	
		 		 	
	/s/ Dr. Klaus Blickle	 		 	Date: February 23, 2011
	Dr. Klaus Blickle	 		 	

  
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