Document:

Amendment to 1996 Performance Award Plan.

 Exhibit 10.1 
  
 AMENDMENT TO 
 CATELLUS DEVELOPMENT CORPORATION 
 1996 PERFORMANCE AWARD PLAN 
  
 WHEREAS, Catellus Development Corporation (the “Company”) maintains
the Catellus Development Corporation 1996 Performance Award Plan, as amended and restated (the “Plan”); 
  
 WHEREAS, the Board of Directors has the authority to amend the Plan, and has determined that it is advisable and in the best interests of the stockholders
of the Company to amend the Plan as set forth herein. 
  
 RESOLVED, that the Plan is hereby amended, effective as of August 30, 2005, as follows: 
  
 1. Section 7(c)(3) of the Plan is hereby amended by deleting the phrase “approval of the stockholders of the Corporation of” and adding
“consummation by the Corporation of” in place thereof. 
  
 2. Section 9(g) of the Plan is hereby amended by adding the following to the end thereof: 
  
 “Notwithstanding the foregoing, in accordance with Section 1.11(a) of the Agreement and Plan of Merger by and among ProLogis, Palmtree Acquisition
Corporation and the Corporation, dated as of June 5, 2005, as amended (the “Merger Agreement”) upon the effective time of the Merger (as defined in the Merger Agreement), each Option granted under this Section 9 that is then outstanding
shall automatically be cancelled and each Participant who held such a cancelled Option shall receive, in consideration of such cancellation, the ‘Option Consideration,’ subject to applicable tax withholding, in the form of 65% ProLogis
common shares and 35% cash as defined and set forth in Section 1.11(a) of the Merger Agreement.” 
  
 3. Section 7(e) of Appendix A to the Plan is hereby amended by deleting the phrase “and the Participant’s service as a Director shall
terminate.” 
  
 4. Section 7(f) of Appendix A to the Plan is
hereby amended by adding the following sentence to the end thereof: 
  
 “Notwithstanding the foregoing, upon the effective time of the Merger (as defined in the Merger Agreement), each of the Director Stock Units then credited to an Eligible Director’s Distribution Subaccounts shall automatically be
cancelled and the Eligible Director shall receive, in consideration of such cancellation, the ‘RSU Consideration,’ subject to applicable tax withholding, in the form of 65% ProLogis common shares and 35% cash as defined and set forth in
Section 1.11(b) of the Merger Agreement.” 

 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to confirm the adoption of
this Amendment by the Board of Directors of the Company pursuant to Section 11 of the Plan this          day of
                    , 2005. 
  

			
	 CATELLUS DEVELOPMENT CORPORATION

		
	 By:
	 	 
	 Its:Amendment to 2000 Performance Award Plan.

 Exhibit 10.2 
  
 AMENDMENT TO 
 CATELLUS DEVELOPMENT CORPORATION 
 2000 PERFORMANCE AWARD PLAN 
  
 WHEREAS, Catellus Development Corporation (the “Company”) maintains
the Catellus Development Corporation 2000 Performance Award Plan, as amended and restated (the “Plan”); 
  
 WHEREAS, the Board of Directors has the authority to amend the Plan, and has determined that it is advisable and in the best interests of the stockholders
of the Company to amend the Plan as set forth herein. 
  
 RESOLVED, that the Plan is hereby amended, effective as of August 30, 2005, as follows: 
  
 1. Section 9(g) of the Plan is hereby amended by adding the following to the end thereof: 
  
 “Notwithstanding the foregoing, in accordance with Section 1.11(a) of the Agreement and Plan of Merger by and among
ProLogis, Palmtree Acquisition Corporation and the Corporation, dated as of June 5, 2005, as amended (the “Merger Agreement”) upon the effective time of the Merger (as defined in the Merger Agreement), each Option granted under this
Section 9 that is then outstanding shall automatically be cancelled and each Participant who held such a cancelled Option shall receive, in consideration of such cancellation, the ‘Option Consideration,’ subject to applicable tax
withholding, in the form of 65% Prologis common shares and 35% cash as defined and set forth in Section 1.11(a) of the Merger Agreement.” 
  
 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to confirm the adoption of this Amendment by the Board of Directors of the
Company pursuant to Section 11 of the Plan this          day of
                        , 2005. 
  

			
	 CATELLUS DEVELOPMENT CORPORATION

		
	 By:
	 	 
	 Its:Amendment to 2003 Performance Award Plan.

 Exhibit 10.3 
  
 AMENDMENT TO 
 CATELLUS DEVELOPMENT CORPORATION 
 2003 PERFORMANCE AWARD PLAN 
  
 WHEREAS, Catellus Development Corporation (the “Company”) maintains
the Catellus Development Corporation 2003 Performance Award Plan, as amended and restated (the “Plan”); 
  
 WHEREAS, the Board of Directors has the authority to amend the Plan, and has determined that it is advisable and in the best interests of the stockholders
of the Company to amend the Plan as set forth herein. 
  
 RESOLVED, that the Plan is hereby amended, effective as of August 30, 2005, as follows: 
  
 1. Section 9(b)(6) of the Plan is hereby amended by adding the following to the end thereof: 
  
 “Notwithstanding the foregoing, in accordance with Section 1.11(a) of
the Agreement and Plan of Merger by and among ProLogis, Palmtree Acquisition Corporation and the Corporation, dated as of June 5, 2005, as amended (the “Merger Agreement”) upon the effective time of the Merger (as defined in the Merger
Agreement), each Option granted under this Section 9 that is then outstanding shall automatically be cancelled and each Participant who held such a cancelled Option shall receive, in consideration of such cancellation, the ‘Option
Consideration,’ subject to applicable tax withholding, in the form of 65% ProLogis common shares and 35% cash as defined and set forth in Section 1.11(a) of the Merger Agreement.” 
  
 2. Section 7(d) of Appendix A-1 to the Plan is hereby amended by deleting the
phrase “and the Participant’s service as a Director shall terminate.” 
  
 3. Section 7(e) of Appendix A-1 to the Plan is hereby amended by adding the following sentence to the end thereof: 
  
 “Notwithstanding the foregoing, upon the effective time of the Merger (as defined in the Merger Agreement), each of the Stock Units then credited to
an Eligible Director’s Distribution Subaccounts shall automatically be cancelled and the Eligible Director shall receive, in consideration of such cancellation, the ‘RSU Consideration,’ subject to applicable tax withholding, in the
form of 65% ProLogis common shares and 35% cash as defined and set forth in Section 1.11(b) of the Merger Agreement.” 
  
 4. Section 3(a) of Appendix A-2 is amended by changing the period at the end of the second sentence thereof to a semicolon and adding the following phrase
thereto: 
  
 “provided, however, that for 2005, such credit
shall be made as of the last date prior to the date of closing of the Merger of the Corporation with Palmtree Acquisition Corporation and the Fair Market Value of a share of Common Stock on such date shall be $33.81.” 

 5. Section 4(a) of Appendix A-2 is amended by adding the following sentence to the end thereof:

  
 “Effective as of the last date prior to the date of the
closing of the Merger of the Corporation with Palmtree Corporation, the unvested portion of the Director Stock Units credited to a Director’s Stock Unit Account for the year 2005 with respect to the Participant’s deferred Retainer shall be
forfeited and cease to be credited to such Director’s Stock Unit Account.” 
  
 6. Section 7(d) of Appendix A-2 to the Plan is hereby amended by deleting the phrase “and the Participant’s service as a Director shall terminate.” 
  
 7. Section 7(e) of Appendix A-2 to the Plan is hereby amended by adding the
following sentence to the end thereof: 
  
 “Notwithstanding
the foregoing, upon the effective time of the Merger (as defined in the Merger Agreement), each of the Stock Units then credited to an Eligible Director’s Distribution Subaccounts shall automatically be cancelled and the Eligible Director shall
receive, in consideration of such cancellation, the ‘RSU Consideration,’ subject to applicable tax withholding, in the form of 65% ProLogis common shares and 35% cash as defined and set forth in Section 1.11(b) of the Merger
Agreement.” 
  
 IN WITNESS WHEREOF, the Company has
caused its duly authorized officer to confirm the adoption of this Amendment by the Board of Directors of the Company pursuant to Section 11 of the Plan this          day of
                        , 2005. 
  

			
	 CATELLUS DEVELOPMENT CORPORATION

		
	 By:
	 	 
	 Its:2005 Deferred Compensation Plan

 Exhibit 10.4 
  
 CATELLUS DEVELOPMENT CORPORATION 
  
 2005 DEFERRED COMPENSATION PLAN 

 Catellus Development Corporation 
  
 2005 Deferred Compensation Plan 
  
 Catellus Development Corporation a Delaware corporation, (the “Company”), hereby establishes the Catellus
Development Corporation 2005 Deferred Compensation Plan (the “Plan”), effective as of January 1, 2005, for the purpose of attracting high-quality executives and promoting in its executives increased efficiency and an interest in the
successful operation of the Company by providing certain key executives an opportunity to defer base salary and bonus payments in accordance with the provisions of the Plan. Capitalized terms used in the Plan have the meaning set forth in Article 1,
unless the context clearly requires a different meaning. 
  
 Article 1 
  
 Definitions 
  
 1.1 Account shall mean the record-keeping device used by the Company
to measure and determine the amounts to be paid to a Participant under the Plan. 
  
 1.2 Administrator shall mean the Compensation and Benefits Committee of the Board of Directors of the Company. 
  
 1.3 Base Salary shall mean the Participant’s total annual base salary payable to such Participant at the salary rate in effect on the date
specified, but without reduction for any salary reduction contributions (i) to cash or deferred arrangements under Section 401(k) of the Code, (ii) to a cafeteria plan under Section 125 of the Code, or (iii) to a nonqualified deferred compensation
plan. Base salary shall not take into account any incentive bonuses, reimbursed expenses, credits or benefits under any plan of deferred compensation to which the Company contributes, or any additional cash compensation or compensation payable in a
form other than cash. 
  
 1.4 Beneficiary shall mean the
person or persons or entity designated as such in accordance with Article 9 of the Plan. 
  
 1.5 Bonus shall mean an amount awarded to the Participant under any cash bonus plan or other cash incentive award program maintained by the Company which the Administrator determines to be eligible for deferral
under this Plan. 
  
 1.6 Change in Control shall mean a
change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of Section 409A(a)(2)(A)(v) of the Code. 
  
 1.7 Code shall mean the Internal Revenue Code of 1986, as amended.

  
 1.8 Company shall mean Catellus Development
Corporation, a Delaware corporation, and its successors and assigns. 
  

 1 

 1.9 Compensation shall mean the sum of the Participant’s Base Salary and Bonus for a Plan
Year. 
  
 1.10 Declared Rate shall mean an effective annual
interest rate determined from time to time by the Administrator. Unless otherwise determined by the Administrator, the Declared Rate for any Plan Year shall be equal to the 120 month rolling average rate of ten-year United States Treasury Notes as
of August 31 of the preceding calendar year. 
  
 1.11
Disabled shall have the same meaning given to such term under Section 409A(a)(2)(C) of the Code. 
  
 1.12 Early Retirement shall mean termination of employment by a Participant who has attained age 55 and has completed ten or more Years of Service.

  
 1.13 Earnings Enhancement shall mean the additional
earnings credited to a Participant’s account in accordance with Section 5.2. 
  
 1.14 Eligible Employee shall mean an employee of the Company or a Subsidiary who is determined by the Administrator to be a member of a “select group of management or highly compensated employees”
within the meaning of Sections 201, 301 and 401 of ERISA, and who is designated by the Administrator as eligible to participate in the Plan. Until further action is taken by the Administrator, each Vice President or above of the Company and each
Senior Vice President or above of a Subsidiary shall be eligible to participate in this Plan. Designations of Eligible Employees by the Administrator need not be uniform and may be made selectively by the Administrator among the employees of the
Company and its Subsidiaries. No employee will be eligible to participate in the Plan if the Administrator determines that the employee’s eligibility or participation could violate any applicable provision of Federal or state securities law.

  
 1.15 ERISA shall mean the Employee Retirement Income
Security Act of 1974, as amended. 
  
 1.16 Hardship shall
mean a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s
property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. 
  
 1.17 Investment Options shall mean the simulated financial investments (including the Declared Rate) designated by the Administrator from time to
time for purposes of calculating gains or losses to be credited to a Participant’s Accounts. 
  
 1.18 Normal Retirement shall mean termination of employment by a Participant who has attained age 591⁄2. 
  
 1.19 Participant shall mean an individual who has elected to
participate in the Plan pursuant to Article 2 and who has not received a complete distribution of his or her Accounts. 
  

 2 

 1.20 Plan shall mean this Catellus Development Corporation 2005 Deferred Compensation Plan as set
forth herein, as amended from time to time. 
  
 1.21 Plan
Year shall mean the calendar year. 
  
 1.22 Scheduled
Withdrawal means a lump sum distribution in the year elected by the Participant for the payment of an Account. 
  
 1.23 Settlement Date means the date as of which benefits under the Plan are scheduled to be made or commence. 
  
 1.24 Subsidiary shall mean any corporation, partnership, joint venture
or other entity in which the Company owns or controls, directly or indirectly, 50% or more of the total combined voting power or equity interest represented by all classes of stock or equity issued by such corporation, partnership, joint venture or
other entity. 
  
 1.25 Termination of Employment shall mean
the Participant’s employment with the Company and its Subsidiaries ceases for any reason whatsoever, whether voluntary or involuntary, other than death or becoming Disabled. The transfer of employment between the Company and a Subsidiary, or
between Subsidiaries, shall not be considered to be a termination of employment for purposes of the Plan. 
  
 1.26 Valuation Date shall mean the date through which earnings or losses are credited to a Participant’s Account(s) for the purpose of
calculating the value of benefit payment under the Plan. With respect to lump sum distributions, the regular Valuation Date for an Account shall be the last day of the month in which an event occurs which triggers a distribution from such Account
(e.g., Termination of Employment), or for distributions delayed pursuant to Section 6.3, the last day of the month prior to distribution. With respect to installment payments, the regular Valuation Date shall be November 30 immediately preceding the
date of the installment payment. The Administrator may establish, in a uniform and nondiscriminatory manner, one or more interim or additional valuation dates. 
  

1.27 Years of Service shall mean, unless otherwise determined by the Administrator for a Participant, the continuous period of time during which
an employment relationship exists between the Company or a Subsidiary and an employee including the period of time such relationship existed prior to the time when the employee became a Participant. Notwithstanding the foregoing, employment with an
entity which is or becomes a Subsidiary shall be taken into account only during the period of time the entity is a Subsidiary. 
  

 3 

 Article 2 
  

Participation 
  
 2.1 Election to Participate. An Eligible Employee may elect to participate in the Plan by filing a completed election form with the Administrator
during the enrollment period designated by the Administrator. Except as provided herein, a deferral election must be filed with the Administrator before the first day of the Plan Year in which the Eligible Employee would earn the Compensation
covered by such election by the performance of services, and shall be effective as of the first day of such Plan Year. (For example, an Eligible Employee may complete an election form in 2004 covering Base Salary to be earned and paid in 2005, and
covering Bonuses to be earned in 2005 and payable in 2006.) Deferral elections must be made in accordance with procedures established by the Administrator from time to time. 
  
 2.2 Initial Year of Participation. Subject to any procedures established by the Administrator, an Eligible Employee
who first becomes eligible to participate in the Plan during a Plan Year may, no later than 30 days after becoming an Eligible Employee, elect to participate in the Plan for such Plan Year and any Plan Year thereafter by filing a completed election
form with the Administrator, and his or her deferral election shall be effective with respect to Base Salary and Bonus earned on and after the date of such election. 
  
 2.3 Modification/Renewal of Elections. A Participant may modify a deferral election prospectively by filing a new
election form during the enrollment period established by the Administrator, effective as of the first day of the following Plan Year. A Participant’s deferral election shall continue to be effective for each subsequent Plan Year until the
Participant files a new election during a designated enrollment period. 
  
 2.4 Automatic Cancellation of Elections. A Participant’s deferral election shall cease automatically with respect to any Compensation payable upon the Participant’s Termination of Employment or upon the Participant’s
death. In addition, if a Participant becomes Disabled during the period covered by a deferral election and is no longer receiving Compensation, his or her deferrals shall automatically cease. 
  
 Article 3 
  
 Participant Deferrals 
  
 3.1 Amount of Deferral. A Participant’s deferral election shall designate a specified percentage of Base Salary and/or a specified percentage
of Bonus to be deferred in accordance with the Plan. With respect to Bonus deferrals, a Participants deferral election may designate a percentage of Bonus in excess of a specified dollar amount. The designated percentage must be expressed as a whole
percentage. 
  
 3.2 Minimum Deferral. All deferral
elections shall be subject to any minimum percentage or dollar amount established by the Administrator. Until further action by the Administrator, the minimum deferral is 5% or $5,000 (whichever is greater) of the Participant’s Base Salary
and/or 5% or 5% over a specified amount of the Participant’s Bonus. 
  

 4 

 3.3 Maximum Deferral. All deferral elections shall be subject to any maximum percentage or dollar
amount established by the Administrator. Until further action by the Administrator, a deferral with respect to Base Salary for a Plan Year may not exceed 25% of the Participant’s Base Salary, and may not cause the non-deferred portion of the
Participant’s Base Salary to be less than $100,000. A deferral election with respect to Bonus for a Plan Year may not exceed 100% of the Participant’s Bonus, less applicable withholding. 
  
 3.4 Other Required Information. An Eligible Employee’s election
shall specify whether the deferred compensation shall be credited to an Account for distribution at Termination of Employment and/or to an account for a Scheduled Withdrawal, and such allocation between Accounts may not be changed except for future
deferrals. With respect to any Scheduled Withdrawal, the election shall designate the Scheduled Withdrawal distribution year (subject to the limits set forth in Article 6). Each election shall specify the form of benefit distribution, and any other
information or elections required by the Administrator from time to time. 
  
 3.5 Vesting. The Participant’s right to receive the portion of his or her Accounts attributable to Compensation deferred under this Article 3, and earnings thereon, shall be 100% vested at all times. A
Participant shall not have any vested interest in the Earnings Enhancement provided in Article 5 until the Valuation Date as of which the Earnings Enhancement is actually credited to his or her Account. 
  
 Article 4 
  
 Deferral Accounts 
  
 4.1 Establishment of Accounts. Solely for record keeping purposes, the Company shall establish on its books such Accounts for each Participant who
defers Compensation under the Plan as the Administrator considers appropriate. Such Accounts shall be credited with the deferrals made by the Participant and credited (or charged, as the case may be) with the hypothetical investment gains or losses
determined pursuant to Article 5. The Administrator may also establish one or more subaccounts within a Participant’s Accounts to the extent the Administrator determines it to be necessary or desirable for the administration of the Plan. The
Administrator is not required to physically segregate any assets with respect to the Accounts under this Plan from any other assets of the Company and may commingle any such assets with any other moneys, securities and properties of any kind of the
Company. Establishment of separate bookkeeping Accounts or records for the respective Participants’ benefit under the Plan shall not be considered as creating a lien of any nature whatsoever on or as segregating any of the assets with respect
to the Accounts under this Plan from any other funds or property of the Company. 
  
 4.2 Crediting of Deferrals. The Company shall credit to a Participant’s Accounts the Participant’s deferrals under the Plan as of the same day of the month in which the Compensation would have been
paid to the Participant but for the deferral. 
  

 5 

 4.3 Bookkeeping Accounts. The Accounts are solely an accounting device for measuring the benefits
that may become payable to a Participant under this Plan. Participants and Beneficiaries shall at all times be general unsecured creditors of the Company for the payment of benefits, with no special or prior right to any fund, trust, account,
insurance contract or other asset of the Company or any Subsidiary for payment of any obligations hereunder. 
  
 4.4 Statement of Accounts. The Administrator shall provide periodically to each Participant a statement setting forth the balance of the Account(s)
maintained for such Participant. 
  
 4.5 General Crediting.
The Company shall credit income, gains and losses to the Accounts as of each Valuation Date in accordance with the Investment Options selected by the Participant or Beneficiary, taking into account any fees or charges which would have been incurred
if the Accounts actually had been invested in the Investment Options and subject to any applicable administrative charges determined or approved by the Administrator with respect to the Investment Options. Unless otherwise determined by the
Administrator, earnings with respect to the Declared Rate will be credited to Accounts daily and compounded annually, and earnings and losses with respect to each other Investment Option will be credited and compounded daily. 
  
 Article 5 
  
 Hypothetical Investments 
  
 5.1 Investment Directions. Amounts credited to a Participant’s Accounts shall be credited or charged with income, gains and losses as if such
Accounts were invested in accordance with the investment directions provided by the Participant, based on the hypothetical Investment Options adopted by the Administrator from time to time. Each Participant shall make his or her investment election
concurrently with the deferral election. The available Investment Options, and the rules and procedures for allocating the Accounts among such options (including the frequency of changes to such allocations both before and after retirement), shall
be determined by the Administrator from time to time. Neither the Administrator, the Company, the Board of Directors of the Company, and member of the Board nor any agent, employee or advisor of any of such persons or entities shall be liable for
the performance or lack of performance of any Investment Option. 
  
 5.2 Earnings Enhancement. A Participant who (i) has completed 10 or more Years of Service, or (ii) terminates for Normal Retirement on or after age 591⁄2 regardless of the Participant’s Years of Service, shall be eligible to
have a one-time Company contribution credited to his or her Account in accordance with this Section (the “Earnings Enhancement”). The Earnings Enhancement shall be determined separately for each Account of an eligible Participant, and
shall be equal to 25% of the “aggregate earnings” (as hereinafter defined) with respect to such Account. For purposes of this Section, “aggregate earnings” means the amount by which the total balance of the Account exceeds the
Participant’s cumulative deferrals that have been allocated to such Account (taking into account earnings and losses allocated to such 

  

 6 

 
Account from the date the Participant began participation in the Plan), as determined by the Administrator in a uniform and nondiscriminatory manner. The
Earnings Enhancement with respect to an Account shall be credited only once, without compounding, as of the Valuation Date immediately preceding the date on which distribution of the Account will be made or commence. In the event an Account is
distributed in installments, the one time Earnings Enhancement credited to such Account will be subject to adjustment thereafter for income, gains and losses in the same manner as applies to the Account in general. Prior to the date that the
Earnings Enhancement is credited to a Participant’s Account, the Administrator may provide information to the Participant with respect to the estimated Earnings Enhancement that would be applied if the Participant were eligible for the Earnings
Enhancement and if the Earnings Enhancement were calculated on the basis of the Participant’s Account balance at that time, but no Participant shall have any vested right with respect to such estimated amount, nor shall the estimated amount
constitute part of the Participant’s Account balance. If the balance of a Participant’s Account as of the applicable Valuation Date is less than the Participant’s cumulative deferrals allocated to such Account, no Earnings Enhancement
shall be credited to such Participant with respect to such Account. 
  
 5.3 Investment After Participant’s Death. Upon a Participant’s death, and for all periods of time thereafter until distribution to the Participant’s Beneficiary, the entire balance of the Participant’s Accounts
shall be deemed to be invested in the Declared Rate option. 
  
 Article 6 
  
 Distribution of Benefits

  
 6.1 Commencement - General Rule. Except as
otherwise provided in this Article, a Participant shall be entitled to receive a distribution of his or her Account balance upon the earlier to occur of Termination of Employment or the Scheduled Withdrawal date elected by the Participant for such
Account. The Settlement Date for distributions other than Scheduled Withdrawals shall be the January following Termination of Employment or death, or within 60 days following Termination of Employment or death if so elected at the time of the
deferral election. Notwithstanding the foregoing, if a Participant is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, the Settlement Date for distributions pursuant to a Termination of Employment shall be
no earlier than the date which is six months after the date of the Termination of Employment. With respect to Scheduled Withdrawals, the Settlement Date shall be the date specified by the Participant at the time of the deferral election, or as soon
thereafter as administratively practicable. 
  
 6.2 Valuation
of Accounts. For purposes of all distributions under the Plan, the balance of a Participant’s Account will be determined as of the Valuation Date immediately preceding the date of distribution. 
  
 6.3 Deferred Commencement. For Early Retirement or Normal Retirement
only, a Participant may elect to defer commencement of any Account that is not subject to a Scheduled Withdrawal election for one or more years from the January following retirement, but no later 

  

 7 

 
than the January following the Participant attaining age 70, and the deferred Settlement Date shall be the date so elected by the Participant or as soon
thereafter as administratively practicable. To be effective, a written election for deferred commencement must be received by the Administrator at initial enrollment into the Plan or at a later date, subject to the following restrictions: Any such
election made after a Participant’s initial enrollment (a “subsequent election”) shall not take effect until 12 months after the date on which the subsequent election is received by the Administrator. Except in the case of a payment
on account of a Participant’s death, the first payment with respect to which such subsequent election is made must be deferred for a period of not less than 5 years from the date that such payment would otherwise have been made, and, if the
subsequent election relates to a payment that would have otherwise been paid at a specified time (as described in Section 409A(a)(2)(A)(iv) of the Code), such subsequent election must be made at least 12 months prior to the date that the first
payment was otherwise scheduled to be made. 
  
 6.4 Form of
Payment – Retirement Benefits. Upon Early or Normal Retirement or Termination of Employment with at least 10 Years of Service, the Company shall pay the balance of any Account that is not subject to a Scheduled Withdrawal election in a lump
sum or in annual installments over 5, 10, 15 or 20 years, as elected by the Participant in his or her election form. The amount of the annual installments shall be redetermined effective as of November 30 of each year based on the remaining Account
balance, divided by the remaining number of annual payments. Absent an election by the Participant, the benefit shall be paid in a lump sum. 
  
 6.5 Election/Modification of Form of Payment. A Participant’s election with respect to the form of payment shall be as indicated on the
election form on which the Participant first elected deferrals to such Account, unless the Participant elects a different form of benefit by a written election filed with the Administrator subject to the following restrictions: Any such election
made after a Participant’s initial enrollment (a “subsequent election”) shall not take effect until 12 months after the date on which the subsequent election is received in writing by the Administrator. Except in the case of a payment
on account of a Participant’s death, the first payment with respect to which such subsequent election is made must be deferred for a period of not less than 5 years from the date that such payment would otherwise have been made, and, if the
subsequent election relates to a payment that would have otherwise been paid at a specified time (as described in Section 409A(a)(2)(A)(iv) of the Code), such subsequent election must be made at least 12 months prior to the date that the first
payment was otherwise scheduled to be made. 
  
 6.6 Scheduled
Withdrawals. The provisions of this Section apply to any Account with respect to which a Participant elects a Scheduled Withdrawal date on the election form creating such Account. The election of a Scheduled Withdrawal, and the date specified
for such withdrawal, shall be irrevocable. Once the specified distribution for a Scheduled Withdrawal has been paid out, the Participant shall have the option of designating a Scheduled Withdrawal applicable to deferrals credited in subsequent Plan
Years. At the time deferrals commence into an Account designated for Scheduled Withdrawal, the scheduled distribution date must be at least two years after the first deferral into the Account. Payment of Scheduled Withdrawals shall be made in a lump
sum in April of the year elected by the Participant. Upon a Participant’s Termination of Employment, any Account designated for Scheduled Withdrawal shall be paid 

  

 8 

 
out in a lump sum within 60 days. Notwithstanding the foregoing, if payment to a Participant from an Account subject to a Scheduled Withdrawal is instead
made pursuant to a Termination of Employment, and the Participant is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, the lump sum may not be paid earlier of (i) the Scheduled Withdrawal date or (ii) than
the date that is six months after the date of the Termination of Employment. 
  
 6.7 Disability. If the Participant becomes Disabled, deferrals under the Plan shall cease and any Account not subject to a Scheduled Withdrawal shall be paid out to the Participant in a lump sum as soon as
administratively practicable after the date the Participant is determined to be Disabled. Any Account for which a Scheduled Withdrawal date has been elected shall be paid out at the Scheduled Withdrawal date elected by the Participant or in a lump
sum as soon as practicable after the Participant is determined to be Disabled, whichever is earlier. 
  
 6.8 Termination of Employment Before 10 Years. Upon a Participant’s Termination of Employment with less than 10 Years of Service for reasons
other than Normal Retirement, the Participant’s Account balances shall be paid out in a lump sum within 90 days after the last day of the month in which the termination occurred. 
  
 6.9 Hardship Distribution. Upon a finding that the Participant or the Beneficiary has suffered a severe financial
Hardship, the Administrator may in its sole discretion accelerate distribution of benefits under the Plan in the amount not to exceed the amount reasonably necessary to alleviate such financial Hardship including amounts necessary to pay taxes
reasonably anticipated as a result of the distribution, after taking into account the extent to which such Hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the participant’s
assets (to the extent the liquidation of such assets would not itself cause severe financial Hardship). If a distribution is to be made to a Participant for a financial Hardship, deferrals shall cease and the Participant shall not be permitted to
participate in the Plan until the next enrollment following one full year from the date of the Hardship distribution. 
  
 6.10 Survivor Benefits. If the Participant dies prior to Termination of Employment and before benefits commence, the Company shall pay to the
Participant’s Beneficiary a survivor benefit equal to the balance of the Participant’s Accounts. The Company shall pay such amount to the Beneficiary in a cash lump sum. If a Participant dies while receiving installment payments, the
remaining installment payments not yet paid to the Participant shall be paid to the Participant’s Beneficiary over the same period of time such payments would have been paid to the Participant. If a Participant dies after Termination of
Employment but before benefit payments have commenced, the Company shall pay the Participant’s beneficiary the balance of the Participant’s Accounts commencing at the same time and paid over the same period of time such benefits would have
been paid to the Participant. 
  
 6.11 Small Benefit
Exception. Notwithstanding any of the foregoing, if any Account that has a balance remaining which is less than $10,000, the Administrator shall pay such Account balance in a single lump sum. 
  

 9 

 Article 7 
  

Conditions Related to Benefits 
  
 7.1 Nonassignability. The benefits provided under the Plan may not be alienated, assigned, transferred, pledged or hypothecated by or to any person
or entity, at any time or any manner whatsoever. These benefits shall be exempt from the claims of creditors of any Participant or other claimants and from all orders, decrees, levies, garnishment or executions against any Participant to the fullest
extent allowed by law. 
  
 7.2 No Right To Company Assets.
The benefits paid under the Plan shall be paid from the general funds of the Company or any Subsidiary that employed the Participant, and nothing contained in the Plan shall require the Company or any Subsidiary to set aside or hold in trust any
funds for the benefit of a Participant or Beneficiary, who shall be no more than general unsecured creditors of the Company with no special or prior right to any fund, trust, account, insurance contract or other asset of the Company or any
Subsidiary for payment of any obligations hereunder. Notwithstanding the foregoing provisions of this Section, the Company may, in its discretion, establish one or more grantor trusts for the purpose of providing for payment of benefits under the
Plan. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the Company’s creditors. Benefits paid to the Participant from any such trust shall be considered paid by the Company for purposes of
meeting the obligations of the Company under the Plan. 
  
 7.3
Obligations of Participants. Each Participant shall cooperate with the Company by furnishing any and all information requested by the Administrator for purposes of complying with applicable laws (including applicable Federal and state
securities laws) or facilitating administration of the Plan. In the event the Company elects to purchase one or more insurance policies insuring the life of any Eligible Employee in connection with payment of the Company’s obligations
hereunder, the Eligible Employee shall be required, as a condition to participation in the Plan, to cooperate in any underwriting process required by the insurer with respect to such policies, including without limitation the requirement of a
medical examination. 
  
 7.4 Withholding. The Participant
or the Beneficiary shall make appropriate arrangements with the Company for satisfaction of any federal, state or local income tax withholding requirements and Social Security or other employee tax requirements applicable to benefits provided under
the Plan. If no other arrangements are made, the Company may provide, at is discretion, for such withholding and tax payments as may be required from a Participant’s non-deferred compensation. 
  
 Article 8 
  
 Administration of Plan 
  
 The general administration of the plan and the responsibility for carrying out its provisions shall be vested in the Administrator. The Administrator
shall have the sole and 

  

 10 

 
absolute authority and discretion to administer the Plan, including without limitation the authority and discretion to (i) interpret the Plan and correct any
defect, supply any omission or reconcile any inconsistency or ambiguity in the Plan in the manner and to the extent that the Administrator deems desirable to carry out the purpose of the Plan, (ii) resolve all questions relating to the eligibility
of individuals to become Participants or Eligible Employees, (iii) determine the amount of benefits payable to Participants and authorize and direct the Company with respect to the payment of benefits under the Plan, (iv) make all other
determinations and resolve all questions of fact necessary or advisable for the administration of the Plan, and (v) make, amend and rescind such rules as it deems necessary for the proper administration of the Plan. 
  
 Any action taken or determination made by the Administrator shall, except as
otherwise provided in Article 10, be conclusive on all parries. No member of the Administrator shall vote on any matter relating specifically to such member. In the event that a majority of the members of the Administrator shall be specifically
affected by any action proposed to be taken (as opposed to being affected in the same manner as each other Participant in the Plan), such action shall be taken by the Board of Directors of the Company. 
  
 Article 9 
  
 Beneficiary Designation 
  
 The Participant shall have the right, at any time, to designate any person or persons as Beneficiary (both primary and contingent) to whom payment under
the Plan shall be made in the event of the Participants death. The Beneficiary designation shall be effective when it is submitted in writing to the Administrator during the Participant’s lifetime on a form prescribed by the Administrator. The
submissions of a new Beneficiary designation shall cancel all prior Beneficiary designations. 
  
 If a Participant fails to designate a Beneficiary as provided above, or if the Beneficiary designation is revoked by divorce, or otherwise without execution of a new designation, or if every person designated as
Beneficiary predeceases the Participant or dies prior to complete distribution of the Participant’s benefits, then the Administrator shall direct the distribution of such benefits to the Participant estate. 
  
 Article 10 
  
 Claims and Review Procedures 
  
 10.1 Claims Procedure. If a Participant does not receive the benefits
which the Participant believes he or she is entitled to receive under the Plan, the Participant may file a claim for benefits with the Administrator or a person designated by the Administrator, which person shall be a named fiduciary under Section
402(a)(2) of ERISA for purposes of this Section. All claims shall be made in writing and shall be signed by the claimant. The Administrator or its 

  

 11 

 
designee shall notify a Participant in writing, within 90 days after his or her written application for benefits, of his or her eligibility or noneligibility
for benefits under the Plan. If the Plan Administrator or its designee denies a claim for benefits in whole or in part, the written notice shall set forth, in a manner calculated to be understood by the claimant, (i) the specific reasons for such
denial, (ii) a specific reference to the provisions of the Plan on which the denial is based, (iii) a description of any additional information or material necessary for the claimant to perfect his or her claim, and a description of why it is
needed, and (iv) an explanation of the Plan’s claims review procedure and other appropriate information as to the steps to be taken if the Participant wishes to have the claim reviewed. If the Plan Administrator or its designee determines that
there are special circumstances requiring additional time to make a decision, the Plan Administrator or its designee shall notify the Participant of the special circumstances and the date by which a decision is expected to be made, and may extend
the time for up to an additional 90 day period. 
  
 10.2 Review
Procedure. A claimant may appeal a denial of his or her claim by requesting a review of the decision by the Administrator or a person designated by the Administrator, which person shall be a named fiduciary under Section 402(a)(2) of ERISA for
purposes of this Section. An appeal must be submitted in writing within six months after the denial and must,(i) request a review of the claim for benefits under the Plan, (ii) set forth all of the grounds upon which the claimant’s request for
review is based and any facts in support thereof, and (iii) set forth any issues or comments which the claimant deems pertinent to the appeal. The Administrator or the named fiduciary designated by the Administrator shall make a full and fair review
of each appear and any written materials submitted in connection with the appeal. The Administrator or the named fiduciary designated by the Administrator shall act upon each appeal within 60 days after receipt thereof unless special circumstances
require an extension of the time for processing, in which case a decision shall be rendered as soon as possible but not later than 120 days after the appeal is received. The claimant shall be given the opportunity to review pertinent documents or
materials upon submission of a written request to the Administrator or other named fiduciary, provided the Administrator or named fiduciary finds the requested documents or materials are pertinent to the appeal. On the basis of its review, the
Administrator or other named fiduciary shall make an independent determination of the claimant’s eligibility for benefits under the Plan. The decision of the Administrator or other named fiduciary on any claim for benefits shall be final and
conclusive upon all parties thereto. In the event the Administrator or other named fiduciary denies an appeal in whole or in part, it shall give written notice of the decision to the claimant, which notice shall set forth in a manner calculated to
be understood by the claimant the specific reasons for such denial and which shall make specific reference to the pertinent Plan provisions on which the decision was based In the event of the death of a Participant, the procedures set forth in this
Article shall apply to the Participant’s Beneficiaries. 
  

 12 

 Article 11 
  

Amendment and Termination of Plan 
  
 11.1 Amendment. The Company may at any time amend the Plan in whole or in part, provided, however, that such amendment (i) shall not decrease the
balance of the Participant’s Accounts at the time of such amendment, (ii) shall not retroactively decrease the applicable earnings factors or hypothetical investment performance of the Plan prior to the time of such amendment, and (iii) shall
not result in an “acceleration of benefits” for any Participant under Section 409A(a)(3) of the Code. The Company may amend the Investment Options or other earnings or contribution factors of the Plan prospectively, in which case the
Company shall notify the Participant of such amendment in writing within 30 days after such amendment. 
  
 11.2 Termination. The Company may at any time terminate the Plan. Notwithstanding the termination of the Plan under this Section, the benefit of
each Participant accrued under the Plan on the date of termination shall be paid out in accordance with Article 6. 
  
 11.3 Change in Control. Notwithstanding the foregoing, the Company may not amend or terminate the Plan prior to the end of the second full Plan
Years following the end of the Plan Year in which a Change in Control occurs unless the Company receives the written consent of (i) a majority in number of the Participants and (ii) Participants whose Accounts represent a majority of the Account
balances under the Plan. In addition, following a Change in Control no amendment to the Plan may change the timing or form of benefit payment which had been elected by a Participant who terminated employment with the Company prior to the Change in
Control. The limitation contained in the foregoing sentence shall not prevent the Administrator from making amendments to (i) ensure that the Plan complies with the requirements of Section 409A of the Code for the deferral of taxation on deferred
compensation until the time of distribution, (ii) add provisions for changes to the deferral elections that comply with such provisions of Section 409A of the Code and (iii) add provisions allowing participants to make changes to elections as to the
form and timing of distributions that comply with such provisions of Section 409A of the Code. 
  
 11.4 Constructive Receipt Distributions. In the event that Administrator determines that any amounts deferred under the Plan have been constructively received by Participants, or otherwise must be recognized as
income for federal income tax purposes before such amounts would otherwise be paid hereunder, such amounts shall be distributed to Participants as may be determined by the Administrator. The determination of the Administrator under this Section
shall be binding and conclusive. 
  
 11.5 Top Hat Status.
The Plan is intended to provide benefits for a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA, and therefore to be exempt from the provisions of Parts 2, 3 and 4 of Title I of
ERISA. Accordingly, the Plan shall terminate and no further benefits shall accrue hereunder in the event it is determined by a court of competent jurisdiction or by an opinion of counsel to the Company that the Plan constitutes an employee pension
benefit plan within the meaning of Section 3(2) of ERISA which is not exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA. Notwithstanding the termination of the Plan under this Section, the benefit of each 

  

 13 

 
Participant accrued under the Plan on the date of termination shall be paid out in accordance with Article 6 unless Section 11.4 of this Plan applies.

  
 Article 12 
  
 Miscellaneous 
  
 12.1 Successors of the Company. The rights and obligations of the
Company under the Plan shall inure to the benefit of, and shall be binding upon, the successors and assigns of the Company. 
  
 12.2 Employment Not Guaranteed. Nothing contained in the Plan nor any action taken hereunder shall be construed as a contract of employment or as
giving any Participant any right to continued employment with the Company. 
  
 12.3 Gender, Singular and Plural. All pronouns and variations thereof shall be deemed to refer to the masculine, feminine; or neuter, as the identity of the person or persons may require. As the context may
require, the singular may be read as the plural and the plural as the singular. 
  
 12.4 Captions. The captions of the articles and paragraphs of the Plan are for convenience only and shall not control or affect the meaning or construction of any of its provisions. 
  
 12.5 Validity. If any provision of the Plan is held to be invalid,
void or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provisions of the Plan. 
  
 12.6 Waiver of Breach. The waiver by the Company of any breach of any provision of the Plan by the Participant shall not operate or be construed as
a waiver of any subsequent breach by the Participant. 
  
 12.7
Notice. Any notice or filing required or permitted to be given to the Company under the Plan shall be sufficient if in writing and hand-delivered, or sent by first class mail to the principal office of the Company, directed to the attention
of the Administrator. Such notice shall be deemed given as of the date of delivery, or, if delivery is made by mail, as of the date shown on the postmark. 
  

 14 

 12.8 Governing Law. The Plan shall be construed and governed in all respects in accordance with
applicable federal law and, to the extent not preempted by such federal law, in accordance with the laws of the State of California. 
  

			
	 CATELLUS DEVELOPMENT CORPORATION

		
	 By
	 	 
	 Its:
	 	 

  

 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]