Document:

Exhibit 10.1

                            Glimcher Realty Trust and
                     Glimcher Properties Limited Partnership

                       EMPLOYMENT AND CONSULTING AGREEMENT

                                      with

                                Herbert Glimcher

     This Employment Agreement ("Agreement") is made this 20th day of January
2005, by and between GLIMCHER REALTY TRUST, a Maryland real estate investment
trust with offices at 150 East Gay Street, Columbus, Ohio 43215 (the "Trust"),
GLIMCHER PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership with
offices at 150 East Gay Street, Columbus, Ohio 43215 (the "Partnership";
together with the Trust, the "Company"), and HERBERT GLIMCHER, an individual
residing at 10 North Drexel Avenue, Columbus, OH 43209 ( "Glimcher").

     WHEREAS, Glimcher presently serves as the Chairman of the Board of Trustees
and Chief Executive Officer of the Trust and as the Chairman of the Board and
Chief Executive Officer of Glimcher Properties Corporation ("Corporation"), the
general partner of the Partnership;

     WHEREAS, Glimcher has expressed his desire to discontinue his service as
Chief Executive Officer of the Trust and as Chief Executive Officer of the
Corporation, his desire to remain as an employee of the Trust and as
non-executive Chairman of the Board of Trustees of the Trust and as
non-executive Chairman of the Board of Directors of the Corporation, and to help
ensure a successful transition of executive functions;

     WHEREAS, Glimcher possesses considerable industry experience and an
intimate knowledge of the business and affairs of the Company, its policies,
methods, personnel, and operations;

     WHEREAS, Glimcher, the Trust, and the Partnership are parties to a
Severance Benefits Agreement, dated as of June 11, 1997 (the "Severance Benefits
Agreement"), which remains in full force and effect;

     WHEREAS, the Company recognizes Glimcher's extraordinary service to the
Company over the many years since the Company was founded, which service has
been unique, substantial and instrumental in building a highly successful
organization;

     WHEREAS, Glimcher and the Company desire to set forth the terms and
conditions of Glimcher's continued employment in order to facilitate appropriate
transfer of his existing duties and responsibilities and Glimcher's consulting
role after termination of his employment hereunder.

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     NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and conditions provided herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

     1.   Employment of Glimcher.

          (a) Employment as Non-Executive Chairman of the Board and a Senior
Advisor. The Trust shall employ Glimcher, and Glimcher shall serve, as
non-executive Chairman of the Board of Trustees and as Senior Advisor to the
Trust during the Initial or Renewal Term of this Agreement. Glimcher shall also
serve as non-executive Chairman of the Board of Directors of the Corporation.
Glimcher hereby submits his resignation as Chief Executive Officer of the Trust
and the Corporation and any other offices he may hold with the Trust or the
Corporation, and all entities affiliated with the Trust, the Corporation and the
Partnership, i.e., other than as Chairman of the Board of the Trust and as
Chairman of the Board of the Corporation, such resignations to be effective upon
the commencement of the Initial Term of this Agreement as provided for in
Section 2 below. Glimcher shall not be deemed an executive officer of the Trust
or the Corporation.

          (b) Duties as Chairman of the Board. As non-executive Chairman of the
Board of Trustees of the Trust and as non-executive Chairman of the Board of
Directors of the Corporation, Glimcher shall perform all of the duties normally
performed by a non-executive chairman of the Board of Trustees and chairman of
the Board of Directors, respectively, including presiding over the meetings of
the Trustees and the shareholders of the Trust and the Board and the
shareholders of the Corporation at which he shall be present, setting agendas
for meetings of the Board of Trustees and the Board of Directors, representing
the Company in appropriate external matters including industry conferences where
requested by the Chief Executive Officer of the Trust or the Corporation, and
any other duties as may be assigned to Glimcher by the Board of Trustees of the
Trust or the Board of Directors of the Corporation.

          (c) Duties as Senior Advisor. As Senior Advisor to the Trust, Glimcher
will report to the Chief Executive Officer of the Trust and will provide general
strategic advice and counsel to the Chief Executive Officer of the Trust
concerning the ongoing business, new business opportunities, and strategic
opportunities of the Trust, including advice and counsel with respect to any
merger and acquisition activities involving the Trust. In addition, as Senior
Advisor, Glimcher will actively assist the Company in the implementation of two
pending projects, the City Park project, Mason, Ohio, and the Eastland Mall
project, Columbus, Ohio, reporting to the Chief Executive Officer of the Trust
or to such other officer as the Chief Executive Officer or the Board of Trustees
may designate from time to time with respect to these projects. Glimcher shall
not be in charge of any business unit, division or function of the Company or
perform any policy making functions for the Company. Glimcher shall personally
formulate all construction plans and activities for the City Park project, and
he shall report such to the Chief Executive Officer prior to implementation. If
the Chief Executive Officer does not concur, final construction decisions shall
be made by the Board of Trustees of the Trust. During the Initial Term and any
Renewal Term, Glimcher shall devote such time, diligence and attention as
reasonably necessary to perform the duties provided for herein.

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          (d) No Relocation. Glimcher shall not be required to relocate outside
the Columbus, Ohio area in order to perform his duties under this Agreement, but
shall undertake such reasonable business travel as may be necessary to perform
such duties.

     2.   Term; Termination.

          (a) Initial Term; Renewal Term. The initial term of Executive's
employment pursuant to this Agreement ("Initial Term") will commence on February
1, 2005 (the "Effective Date") and shall continue in effect through May 31, 2006
(the "Initial Term Expiration Date"); provided, however, that the term of
employment may be renewed for an additional one year period ("Renewal Term") if
the Company proposes such renewal prior to the end of the Initial Term and
Glimcher agrees to the renewal.

          (b) Employment Termination. Glimcher's employment hereunder shall
terminate on the Initial Term Expiration Date unless renewed for an additional
one year term by the Company and Glimcher, in which event Glimcher's employment
hereunder shall terminate on the last day of the first anniversary of the
Initial Term Expiration Date. Glimcher's employment hereunder shall also
terminate immediately upon his death, 30 days after the Company gives Glimcher
written notice of termination by reason of and declaring Glimcher's Disability
(as defined below), or 15 days after the Company gives Glimcher written notice
of termination by reason of and declaring and specifying Cause (as defined
below) for termination. Glimcher's employment hereunder may not be terminated by
the Company without cause.

          (c) Disability. Disability shall mean that Glimcher has been unable,
by reason of physical or mental disability, to render, for 120 successive days
or for shorter periods aggregating 180 days or more in any 12 month period,
substantially all of the services of the character contemplated by this
Agreement ("Disability"). The determination of whether Glimcher has suffered a
Disability shall be made by the Board of Trustees of the Trust. In the event the
Company gives notice of termination of Glimcher's employment based on Disability
(the "Disability Notice"), Glimcher or his representative may contest the
termination and cause a determination of Disability to be made by Glimcher's
medical doctor, provided that such determination is made by written notice
thereof setting forth such doctor's reasons for his determination and given to
the Company within 30 days following receipt of the Disability Notice. In the
event Glimcher's medical doctor disagrees with the Company's determination of
Disability, the Company may, within 10 days following notice of such
disagreement, cause a determination of Disability to be made by a medical doctor
selected by the Company. If the two medical doctors do not agree with regard to
the determination of Disability, they shall mutually choose a third medical
doctor to examine Glimcher, and the Disability determination of such third
medical doctor shall be binding upon both the Company and Glimcher. Glimcher
shall cooperate with the Company, including submitting to such medical
examinations and testing as the Company shall reasonably deem necessary and
making the results of such examinations and testing available to the Company.

          (d) Cause. Cause shall mean Glimcher's (i) commission of an act of
dishonesty directly involving the Company, including, but not limited to,
misappropriation of funds or property of the Company; (ii) engagement in
activities or conduct intentionally, clearly and materially injurious to the
reputation of the Company; (iii) continued refusal to perform his assigned
duties and responsibilities after written notice by the Company to Glimcher
giving 10 days to resume performance of such duties; (iv) violation of the

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non-competition, non-solicitation, non-disparagement, or non-disclosure
provisions of Section 7 of this Agreement; (v) material breach of any other
provisions (excepting Section 7) of this Agreement following written notice from
the Company specifying the breach and Glimcher's failure to cure such breach
within 30 days of receipt of such notice; or (vi) pleading guilty or no contest
to or conviction of any felony under federal or state law.

     3.   Compensation.

          (a) Initial Term. As compensation for services rendered as
non-executive Chairman of the Board of the Trust and non-executive Chairman of
the Board of Directors of the Corporation, the Company shall pay Glimcher a
salary (the "Chairman Salary") at the annual rate of $100,000 during the Initial
Term and during any Renewal Term. As compensation for services rendered as
Senior Advisor to the Trust, the Company shall pay Glimcher a salary (the
"Advisor Salary") at the annual rate of $250,000 during the Initial Term and
during any Renewal Term and during any Renewal Term. The Chairman Salary and the
Advisor Salary are sometimes referred to in combination herein as the "Salary."
The Salary shall be paid in accordance with the customary payroll practices of
the Company at regular intervals as the Company may establish from time to time
for senior salaried employees.

          (b) Bonuses. Glimcher shall not be included in any bonus plans
applicable to senior salaried employees of the Company, but the Board of
Trustees of the Trust, or the Compensation Committee of the Board of Trustees of
the Trust, may award Glimcher cash bonuses from time to time based on their
evaluation of his performance under this Agreement ("Cash Bonuses").

     4.   Vesting of Options.

          (a) Continued Vesting of Options or Other Awards During Employment.
Glimcher's outstanding stock options shall continue to vest as provided for in
stock option agreements presently in place during the term of his employment
hereunder.

          (b) Accelerated Vesting. If Glimcher's employment hereunder continues
through May 10, 2006, then 39,193 of the stock options issued to him on March
12, 2004 exercisable at $26.69 per share and vesting on March 12, 2007, and
10,807 of the stock options issued to him on May 10, 2004 exercisable at $19.56
per share and vesting on May 10, 2007 (together the "2007 Options"), shall vest
and become exercisable on May 10, 2006; provided, however, if prior to May 10,
2006, the Company and Glimcher have agreed to a Renewal Term the 2007 Options
shall vest and become exercisable on their original vesting dates in 2007. In
addition, if Glimcher's employment is terminated by reason of death or
Disability, any theretofore unvested stock options and other awards issued to
Glimcher pursuant to the Trust's 2004 Incentive Compensation Plan (the "2004
Plan"), 1997 Incentive Plan (the "1997 Plan"), and 1993 Employee Share Option
Plan ("1993 Plan") shall immediately vest upon the date of Glimcher's death or
Disability. In all such events each vested option shall remain exercisable for
the period provided for in the respective plan and stock option agreement, but
in no event beyond the term of the option.

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     5.   Expenses. The Trust shall reimburse Glimcher for all out-of-pocket
expenses actually and necessarily incurred by him in the conduct of the business
of the Trust during the Initial Term and any Renewal Term, against reasonable
substantiation submitted with respect thereto.

     6.   Benefits.

          (a) Medical, etc. During the Initial Term and any Renewal Term,
Glimcher shall be entitled to such medical benefits, including hospitalization,
disability insurance, health insurance (including dental insurance), as are
customarily made available to senior executive officers of the Trust from time
to time. Glimcher shall make such contributions to the premiums for such
insurance consistent with the Trust's policy applicable to senior executive
officers of the Trust.

          (b) Life Insurance. During the Initial Term and any Renewal Term, the
Trust shall maintain a life insurance policy covering the life of Glimcher under
which the beneficiaries shall be named by Executive on substantially the same
terms as the terms maintained immediately preceding the Effective Date.

          (c) Office and Support Staff. In order to more effectively transition
Executive's duties as Chief Executive Officer to the successor Chief Executive
Officer, Glimcher shall occupy office space separated from the Trust premises.
In order to encourage effective performance, during the Initial Term and any
Renewal Term, the Trust shall reimburse Glimcher for the reasonable rent for
office space in a building located in Columbus, Ohio and the reasonable
compensation of one secretary, and shall make available the use of the Company's
driver on a part-time basis to drive Glimcher for business purposes consistent
with the current arrangement provided by the Company.

     7.   Non-Competition; Non-Solicitation; Non-Disparagement; Non-Disclosure;
and Prior Consents.

          (a) Non-Competition. During the Initial Term and any Renewal Term of
this Agreement and for a period of two years following the termination of
Glimcher's employment under this Agreement (the "Restricted Period"), Glimcher
shall not, without the prior written consent of the Board of Trustees of the
Trust, serve as an employee, agent, partner, shareholder, member, officer or
director of or consultant for, or in any other capacity participate, engage or
have, directly or indirectly, a financial or other interest in any Competitive
Business (as hereinafter defined), provided, however, that notwithstanding
anything to the contrary contained in this Agreement, Glimcher may own up to
2.0% of the outstanding shares of capital stock of a company whose securities
are registered under Section 12 of the Securities Exchange Act of 1934
("Permitted Investments"); and provided further that notwithstanding anything to
the contrary contained in this Agreement, Glimcher may pursue any business
activities for which the Board of Trustees has previously granted consent and
waived corporate opportunity rights.

          (b) Definition of Competitive Business. As used herein, the term
"Competitive Business" shall mean participation, directly or indirectly, in the
planning, development or operation of any mall or any enclosed group of retail
establishments operating as a single property (a "Project") in any city or town
and its greater standard metropolitan statistical area (each, a "Market") in

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which the Company (i) conducts its business at such time, (ii) has commenced and
not subsequently abandoned development activities or (iii) has previously
proposed a Project to its Board of Trustees to be undertaken at any time in the
next five years in such Market and the Board of Trustees has not yet rejected
such Project.

          (c) Non-Solicitation of Employees. During the Restricted Period,
without the prior written consent of the Trust, neither Glimcher nor any entity
of which he serves as a director, officer, trustee, member, manager, general
partner or limited partner, shall, directly or indirectly, employ or retain any
person who was employed or retained by the Company during the one-year period
prior to the proposed engagement or retention by Executive of any of the
aforesaid persons; provided, however, that notwithstanding the foregoing,
Glimcher may employ his current assistant, Cherie Friedman.

          (d) Non-Disparagement. During the Restricted Period, Glimcher shall
not make any disparaging comments which may be harmful to the Company's
reputation.

          (e) Non-Disclosure. During the Restricted Period, Glimcher shall not
make any Unauthorized Disclosure. For purposes of this Agreement, "Unauthorized
Disclosure" shall mean any disclosure by Glimcher without the prior written
consent of the Company's Chief Executive Officer to any person other than a
person to whom disclosure is reasonably necessary or appropriate in connection
with the performance by Glimcher of his duties hereunder or as may be legally
required, of any confidential information relating to the business or prospects
of the Company (including but not limited to, any confidential information with
respect to any of the Company's information and procedures for the selection of
mall development sites, information, methods and procedures for the cost
effective development and construction of malls, the terms of leases
arrangements with and other information concerning retail chain stores and other
mall tenants, and the Company's properties, customers, services, methods,
strategies, business plans, and business policies and practices; provided,
however, that such term shall not include the use or disclosure by Glimcher,
without consent, of any information known generally to the public or not treated
by the Company as confidential (other than as a result of disclosure by Glimcher
in violation of this subsection).

          (f) Prior Written Consent. During the Restricted Period, in the event
Glimcher proposes to embark upon the development of any malls or enclosed group
of retail establishments operating as a single property in any city or town in
the United States or Canada, Glimcher shall first notify the Board of Trustees
of the Trust of the proposal and seek the prior written consent of the Trust.
Such written consent shall not be withheld if the Trust cannot reasonably
demonstrate that it proposes in good faith to develop, purchase or otherwise
establish a mall or enclosed group of retail establishments operating as a
single property in such market during the next five years.

          (g) Delivery of Documents upon Termination. Glimcher shall deliver to
the Company or its designee at the termination of Glimcher's employment all
correspondence, memoranda, notes, records, drawings, sketches, plans, customer
lists, and other documents (if any exist) and all copies thereof, made, composed
or received by Glimcher, solely or jointly with others, that are in Glimcher's
possession, custody, or control at termination and that are related in any
manner to the past, present, or anticipated business of the Company. In this
regard, the Executive hereby grants and conveys to the Company all right, title
and interest in and to, including without limitation, the right to possess,

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print, copy, and sell or otherwise dispose of, any reports, records, papers,
summaries, photographs, drawings or other documents, and writings, and copies,
abstracts or summaries thereof, that may be prepared by Glimcher or under
Glimcher's direction or that may come into the Glimcher's possession in any way
during the term of Glimcher's employment with the Company that relate in any
manner to the past, present or anticipated business of the Company.

          (h) Intellectual Property. Glimcher hereby assigns, and binds his
heirs, executors, and administrators to assign, to the Company any and all
inventions, discoveries, ideas, concepts, improvements, copyrightable works, and
other developments (the "Developments") conceived, made, discovered or developed
by Glimcher, solely or jointly with others, during the term of Glimcher's
employment by the Company, whether during or outside of usual working hours and
whether on the Company's premises or not, that relate in any manner to the past,
present or anticipated business of the Company, its subsidiaries and/or
affiliates. All works of authorship created by Glimcher, solely or jointly with
others, shall be considered works made for hire under the Copyright Act of 1976,
as amended, and shall be owned entirely by the Company. Any and all such
Developments shall be the sole and exclusive property of the Company, whether
patentable, copyrightable, or neither, and Glimcher shall assist and fully
cooperate in every way, at the Company's expense, in securing, maintaining, and
enforcing, for the benefit of the Company or its designee, patents, copyrights
or other types of proprietary or intellectual property protection for such
Developments. Within one year following the end of the termination of Glimcher's
employment under this Agreement and without limiting the generality of the
foregoing, any Development of Glimcher relating to any subject matter on which
Glimcher worked or was informed during his employment by the Company shall be
conclusively presumed to have been conceived and made prior to the termination
of his employment (unless Glimcher clearly proves that such Development was
conceived and made following the termination of his employment), and shall
accordingly belong and be assigned to the Company and shall be subject to this
Agreement. By signing this Agreement, Glimcher does not concede that the
intellectual property described herein actually exists.

          (i) Remedies. Glimcher agrees that any breach of the terms of this
Section would result in irreparable injury and damage to the Company for which
the Company would have no adequate remedy at law. Glimcher therefore also agrees
that in the event of said breach or any threat of breach, the Company shall be
entitled to an immediate injunction and restraining order to prevent such
breach, threatened breach, or continued breach by Glimcher or any and all
persons and entities acting for or with Glimcher, without having to prove
damages, and to all costs and expenses, including reasonable attorneys' fees and
costs, in addition to any other remedies to which the Company may be entitled
under this Agreement, at law or in equity. The aforesaid remedies do not apply
to any business activities properly conducted by Glimcher pursuant to Sections
7(a) or (f) hereof. The terms of this paragraph shall not prevent the Company
from pursuing any other available remedies for any breach or threatened breach
hereof, including but not limited to the recovery of damages from Glimcher.
Glimcher and the Company further agree that the provisions of the covenants not
to compete, solicit, disparage and disclose are reasonable and that the Company
would not have entered into this Agreement but for the inclusion of such
covenants herein. Should a court determine, however, that any provision of the
covenants is unreasonable, either in period of time, geographical area, or
otherwise, the parties hereto agree that the covenant should be interpreted and
enforced to the maximum extent which such court deems reasonable.

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          (j) Survival. The provisions of this Section shall survive any
termination of this Agreement, and the existence of any claim or cause of action
by Glimcher against the Company, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Company of
the covenants and agreements of this Section; provided, however, that this
paragraph shall not, in and of itself, preclude Glimcher from defending against
the enforceability of the covenants and agreements of this Section.

     8.   Following Termination of Employment; Consulting, Non-Competition and
Special Contributions Consideration. As additional compensation for Glimcher's
agreement to provide services under this Agreement, Glimcher's unique and
substantial contributions to the Company throughout the years, Glimcher's
agreement as set out in Section 7(a) hereof to a two year non-competition
restriction after termination of employment under this Agreement (the
"Post-Employment Non-Competition Period"), and Glimcher's agreement to consult
to the Company as reasonably requested during the Post-Employment
Non-Competition Period, the Trust shall pay Glimcher, subject to subsection (c)
hereof, $2,000,000 as set forth below:

          (a) Consulting Payment. In consideration of Glimcher's agreement to
     consult to the Trust as reasonably requested during the Post-Employment
     Non-Competition Period, $360,000 shall be payable by the Trust to Glimcher
     in cash (the "Consulting Payment"), at the rate of $20,000 per month
     payable on the last day of each month during the Post-Employment
     Non-Competition Period commencing on the last day of the seventh month of
     the Post-Employment Non-Competition Period.

          (b) Non-Competition Payment. In consideration of Glimcher's agreement
     not to compete with the Trust, not to solicit employees of the Trust, not
     to disparage the Trust, and not to disclose confidential information of the
     Trust, all as provided in Section 7 of this Agreement, $810,000 shall be
     payable by the Trust to Glimcher in cash (the "Non-Competition Payment"),
     at the rate of $45,000 per month payable on the last day of each month
     during the Post-Employment Non-Competition Period commencing on the last
     day of the seventh month of the Post-Employment Non-Competition Period.

          (c) Special Contributions Payment. In consideration of Glimcher's
     special, unique and substantial contributions to the Company throughout the
     years, $830,000 shall be payable by the Trust to Glimcher in cash (the
     "Special Contributions Payment") to be paid to Glimcher on the last day of
     the seventh calendar month of the Post-Employment Non-Competition Period.

          (d) Termination for Cause; Material Breach of Non-Competition
     Agreement. Notwithstanding the foregoing, in the event Glimcher's
     employment has been terminated for Cause by the Company or Glimcher has
     materially breached the non-competition agreement set forth in Section 7(a)
     of this Agreement, such termination or material breach shall cause and
     constitute a forfeiture of any remaining unpaid installments of the
     Consulting Payment and the Non-Competition Payment effective as of the
     first date of such breach.

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          (e) Death or Disability of Executive. Notwithstanding the provisions
     of subsections (a), (b) and (c) hereof, but subject to subsection (d)
     hereof, in the event of the death or Disability of Glimcher during his
     employment under this Agreement or during the Post-Employment
     Non-Competition Period, the Company shall pay to Glimcher or to the estate
     or heirs of Glimcher, as appropriate, within 90 days after his Disability
     or death, the Consulting Payment and the Non-Competition Payment less any
     installments already paid to Glimcher thereon under subsection (a) and (b)
     hereof, and the Special Contributions Payment if not already paid to
     Glimcher under Section (c) above.

     9.   Severance Benefits Agreement. The Severance Benefits Agreement dated
June 11, 1997 by and among the Trust, the Partnership and Glimcher shall remain
effective, and Glimcher shall be entitled to the benefits thereunder so long as
Glimcher is an employee of the Trust immediately prior to a change of control of
the Trust as provided in the Severance Benefits Agreement; provided, however,
the fair market value of any rights given or awarded to Glimcher under this
Agreement, including the Consulting Payment, the Non-Competition Payment and the
Special Contributions Payment, shall be included in the calculation of the
Severance Payment under Section 3(a) of the Severance Benefits Agreement only to
the extent that the Company actually pays Glimcher the Salary or any Cash
Bonuses under Section 3(a) and 3(b), respectively, of this Agreement, in which
case such salary and bonus payments will be included in the "Base Amount" for
calculation of the Severance Payment under Section 3(a) of the Severance
Benefits Agreement; provided further, that the $250,000 special performance
bonus paid to Glimcher in 2004 with respect to the Polaris Mall project shall
not be included in the "Base Amount" for calculation of the Severance Payment
under Section 3(a) of the Severance Benefits Agreement; and provided further,
that if a change in control of the Trust, as defined in the Severance Benefits
Agreement, occurs prior to the Initial Term Expiration Date, the amount of the
salary and bonus included in the calculation of the "Base Amount" for Glimcher
shall not be less than the amount of salary and bonus paid or payable to
Glimcher by the Company with respect to the calendar year 2004, and if a change
of control of the Trust occurs after the Initial Term Expiration Date, the
amount of salary and bonus included in the calculation of the "Base Amount" for
Glimcher shall not exceed $350,000.

     10.  Indemnification. The Trust shall indemnify Glimcher in the performance
of his duties as an employee subsequent to the termination of his employment
under this Agreement to the fullest extent allowable by applicable law, and
shall continue to maintain Glimcher as a named beneficiary under any liability
insurance policies maintained for Trustees and other officers of the Trust, for
six years after the termination of this Agreement.

     11.  Liability Insurance in Event of Change in Control. Glimcher shall
become, and continue as, a named beneficiary under any liability insurance
policies maintained by the Company after a Change in Control of the Trust (as
hereinafter defined) for persons who were trustees and/or officers prior to a
Change in Control of the Trust to the extent they provide coverage for events
prior to the Change in Control of the Trust. The Company agrees to maintain the
insurance coverage referred to above unless and to the extent any modification
in indemnification and insurance coverage applies uniformly to all officers and
trustees of the Company, as the case may be, for at least six years after the
Change in Control.

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     12.  Governing Law: Jurisdiction. This Agreement shall be construed and
interpreted under the laws of the State of Ohio. Any action or proceeding
seeking to enforce any provision of, or based on any right arising out of, this
Agreement shall be brought against either of the parties exclusively in the
courts of the State of Ohio, County of Franklin, or if it has or can acquire
jurisdiction, in the United States District Court for the Southern District of
Ohio, Eastern Division, and each of the parties consents to the jurisdiction of
such courts (and of the appropriate appellate courts) in any such action or
proceeding, and waives any objection to venue laid therein.

     13.  Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, and all of which together shall constitute
one and the same document.

     14.  Entire Agreement. This Agreement sets forth the entire agreement of
the parties and is intended to supersede all prior employment negotiations,
understandings and agreements. No provision of this Agreement may be waived or
changed, except by a writing signed by the party to be charged with such waiver
or change. The parties agree to amend this Agreement if and as deemed necessary
and appropriate to comply with Section 409A of the Internal Revenue Code after
the issuance of further guidance promulgated thereunder.

     15.  Successors.

          (a) Benefit of Glimcher's Representatives, etc. This Agreement shall
inure to the benefit of and be enforceable by Glimcher's personal or legal
representatives, executors, administrators, successors, heirs, distributes,
devisees and legatees.

          (b) Company Successors in Interest. The Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Company to expressly assume and agree in writing to perform this Agreement in
the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. Failure of the Company to
obtain and deliver to Glimcher such assumption and agreement prior to (but
effective only upon) such succession shall be a breach of this Agreement. As
used in this Agreement, "Company" shall mean the Company as hereinbefore defined
and any successors to their respective businesses and/or assets as aforesaid
which assumes and agrees to perform this Agreement, expressly, by operation of
law, or otherwise.

     16.  Notices. All notices provided for in this Agreement shall be in
writing, and shall be deemed to have been duly given when delivered personally
to the party to receive the same, when given by facsimile or overnight courier
or when mailed first class postage prepaid, by registered or certified mail,
return receipt requested, addressed to the party to receive the same at his or
its address above set forth, or such other address as the party to receive the
same shall have specified by written notice. All notices shall be deemed to have
been given as of the date of personal delivery, facsimile transmittal or mailing
thereof, as the case may be. Any notice by the Trust or the Partnership shall be
deemed notice by the Company, and any notice to the Trust or the Partnership
shall be deemed notice to the Company.

                                       10
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

                           GLIMCHER REALTY TRUST

                           By:  /s/ Michael P. Glimcher
                              -------------------------------------------------
                               Name:  Michael P. Glimcher
                               Title: President and Chief Executive Officer

                           GLIMCHER PROPERTIES LIMITED PARTNERSHIP
                           By: GLIMCHER PROPERTIES CORPORATION,
                               its general partner

                               By:  /s/ Michael P. Glimcher
                                  ---------------------------------------------
                                   Name:  Michael P. Glimcher
                                   Title: President and Chief Executive Officer

                           By: /s/ Herbert Glimcher
                              --------------------------------------
                           Herbert Glimcher

                                       11EXHIBIT 10.1

FORM OF

WASHINGTON MUTUAL, INC. RESTRICTED STOCK AWARD AGREEMENT

(language in brackets reflects terms that may appear in some but not other
agreements)

        Washington Mutual, Inc. (the "Company"), by
action of the Board and approval of its shareholders established the Washington Mutual, Inc. 2003 Equity Incentive Plan (the
"Plan").  The Participant is employed by the Company or a Related Company and the Company desires to encourage
the Participant to own Common Stock for the purposes stated in Section 1 of the Plan.  In consideration of the foregoing, the
parties have entered into this Restricted Stock Award Agreement (this "Agreement") to govern the terms of the
Restricted Stock Award (as defined below) granted by the Company.  Defined terms in the
Plan shall have the same meaning in this Agreement, except where the context otherwise requires. 

1.         Grant of Restricted Stock

        On the grant date (the
"Grant Date") set forth in the electronic Notice of Grant ("Notice of
Grant") provided to the Participant named therein, the Company has granted to the Participant a Restricted Stock Award (the
"Award") in accordance with the terms of the Plan and subject to the conditions set forth in the Notice of Grant,
this Agreement and the Plan (as amended from time to time).  The Award represents the right to receive up to the number of
shares of Common Stock (as adjusted from time to time pursuant to Section 15 of the Plan, the "Shares") of the Company
subject to the fulfillment of the vesting conditions set forth in this Agreement.  [The Participant shall not be entitled to
any of the benefits under this Award unless and until the Participant accepts the Award through the electronic grant notification
system maintained by or on behalf of the Company.]  By accepting the Award, the Participant irrevocably agrees on
behalf of the Participant and the Participant’s successors and permitted assigns to all of the terms and conditions of the
Award as set forth in or pursuant to the Notice of Grant, this Agreement, and the Plan (as such may be amended from time to
time).

2.         Transfer Restrictions; Vesting

        (a)        Participant's rights in and to the Shares shall not be vested as of the Grant
Date and shall be forfeitable unless and until otherwise vested pursuant to the terms of this Agreement.  After the Grant
Date, provided that the Participant has not experienced a Termination of Service[, and provided that the performance goals
described below (if any) have been attained,] the Shares shall become vested on the anniversary of the Grant Date specified below
with respect to a number of shares of Common Stock (rounded to the nearest whole share) equal to the percentage of the total number
of shares subject to the Award in accordance with the following schedule:

[Vesting schedules and any performance vesting criteria are deteremined from time
to time by the Human Resources Committee of the Board of Directors and are set forth in the individual agreements.  Vesting provisions generally include,
but are not limited to, pro-rata vesting over three years (vesting either on fixed dates or measured from the date of the
restricted stock grant), "cliff" vesting at the end of a specified term such as three years or five years from the date of grant,
and vesting based upon the achievement of specified performance criteria, either in addition to or instead of time-based
vesting.]

[The foregoing performance goals shall be based on and interpreted consistent with one or more business criteria set
forth in Section 11.1 of the Plan.]  Shares that have vested and are no longer subject to forfeiture are referred to herein as
"Vested Shares."  Shares that are not vested and remain subject to forfeiture are referred to herein as
"Unvested Shares." 

 

        (b)        The vesting period of the Award set forth
in Paragraph 2(a) may be adjusted by the Committee to reflect the decreased level of employment during any period in which the
Participant is on an approved leave of absence or is employed on a less than full time basis.  Notwithstanding anything to the
contrary in this Paragraph 2, the Award shall be subject to earlier acceleration of vesting and/or forfeiture and transfer as
provided in this Agreement and the Plan.

        (c)        Any sale,
transfer, assignment, encumbrance, pledge, hypothecation, conveyance in trust, gift, transfer by bequest, devise or descent, or
other transfer or disposition of any kind, whether voluntary or by operation of law, directly or indirectly, of Unvested Shares
shall be strictly prohibited and void; provided, however, that the Committee, in its sole discretion, may permit the Participant to
assign or transfer an Award to the extent permitted under the Plan, provided that the Award shall be subject to all the terms and
condition of the Plan, this Agreement and any other terms required by the Committee as a condition to such transfer.

3.         Status of
Participant

From and after the Grant Date, Participant will be
recorded as a shareholder of the Company with respect to the Shares and shall have voting rights with respect to the Shares unless
and until any Shares are forfeited or transferred back to the Company.

4.        
Dividends

From and after the Grant Date and
unless and until Shares are forfeited or otherwise transferred back to the Company, the Participant will be entitled to receive all
dividends and other distributions paid with respect to the Shares.  [Dividends payable by the Company to its public
stockholders in cash shall, with respect to any Unvested Shares, be automatically reinvested in additional Shares at a purchase
price per share equal to the fair market value of a share of Common Stock on the date such dividend is paid; provided, however that
any fractional Share shall be rounded up to a whole Share on the date such Share vests.  Any additional Shares accrued for
Participant through dividends on Unvested Shares, whether through reinvestment or through a dividend paid in Shares, shall be
subject to the same restrictions on transferability and risk of forfeiture as the Unvested Shares with respect to which they were distributed.] or [Dividends
payable by the Company to its public stockholders in cash shall, with respect to any Unvested Shares, be paid in cash on or about
the date such dividends are payable to public stockholders, subject to any applicable tax withholding
requirements.] 

5.         Treatment of Award upon Termination of Employment; Company
Transaction

       
5.1       Termination of Employment

        Except as provided in Paragraph 5.2 below, upon
Termination of Service for any reason other than death, Disability or retirement, the Unvested Shares shall be forfeited by the
Participant and cancelled and surrendered to the Company without payment of any consideration to the Participant.  Upon
Termination of Service because of death, Disability or retirement (as defined in the following sentence), the service requirements
upon vesting of the Shares shall be waived and the Shares subject to this Award shall become Vested Shares [if and to the extent
that the performance goals described in Paragraph 2 thereafter are satisfied].  For purposes of this Paragraph 5.1,
“retirement” shall mean Termination of Service for any reason other than for Cause at or after attainment of age
sixty-five (65).

 

       
5.2       Company Transaction

        Notwithstanding anything to the contrary in Paragraph 5.1,
the vesting and forfeiture of Shares under this Award shall be subject to any other written agreement between the Participant and
the Company or a Related Company and, to the extent not otherwise addressed in any such written agreement, shall be treated as
expressly provided under the Plan (for example, in connection with a Company Transaction under
Section 15.3 of the Plan).

6.         Section 83(b) Election for Restricted Stock Award; Independent Tax
Advice

        Under Section 83(a) of the Internal Revenue Code (the "Code"), the Participant will be taxed on the Shares on
the date the Shares vest and the forfeiture restrictions lapse as set forth in Paragraph 2 of this Agreement, based on their fair
market value on such date, at ordinary income rates subject to payroll and withholding tax and tax reporting, as applicable. 
For this purpose, the term "forfeiture restrictions" means the right of the Company to receive back any Unvested Shares upon a
Termination of Service. Under Section 83(b) of the Code, the Participant may elect to be taxed on the Shares on the Grant
Date, based upon their fair market value on such date, at ordinary income rates subject to payroll and withholding tax and tax
reporting, rather than when and as the Unvested Shares cease to be subject to the forfeiture restrictions.  If Participant
elects to accelerate the date on which he or she is taxed on the Shares under Section 83(b), an election (an "83(b)
Election") to such effect must be filed with the Internal Revenue Service within 30 days from the Grant Date of
the Award and applicable withholding taxes must be paid to the Company at that time. 

        There are significant risks associated with the decision to make and 83(b) Election.  If the Participant makes an
83(b) Election and the Unvested Shares are subsequently forfeited to the Company, the Participant will not be entitled to recover
the taxes paid by claiming a deduction for the ordinary income previously recognized as a result of the 83(b) Election.  If
the Participant makes an 83(b) Election and the value of the Unvested Shares subsequently declines, the 83(b) Election may cause
the Participant to recognize more compensation income than otherwise would have been the case.  On the other hand, if the
value of the Unvested Shares increases and the Participant has not made an 83(b) Election, Participant may recognize more
compensation income than otherwise would have been the case.

        The
foregoing is only a summary of the federal income tax laws that apply to the Shares under this Agreement and does not purport to be
complete.  The actual tax consequences of receiving or disposing of the Shares are complicated and depend, in part, on the
Participant's specific situation and may also depend on the resolution of currently uncertain tax law and other variables not
within the control of the Company.  THEREFORE, THE PARTICIPANT SHOULD SEEK INDEPENDENT ADVICE REGARDING THE
APPLICABLE PROVISIONS OF THE FEDERAL TAX LAW AND THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE OR FOREIGN COUNTRY TO WHICH THE
PARTICIPANT IS SUBJECT.  By accepting this Agreement, Participant acknowledges and agrees that he or she has either
consulted with a competent tax advisor independent of the Company to obtain tax advice concerning the Shares in light of the
Participant's specific situation or has had the opportunity to consult with such a tax advisor and has chosen not to do
so. 

 

        The form for making an 83(b) Election is available from
the Company.  If the Participant determines to make an 83(b) Election, it is the Participant's responsibility to file such an
election with the Internal Revenue Service within the 30‐day period after the Grant Date, to deliver to the Company a
signed copy of the 83(b) Election, to file an additional copy of such election form with the Participant's federal
income tax return for the calendar year in which the Grant Date occurs and to pay applicable withholding taxes to the Company at
that time. 

7.         Book Entry Registration of the Shares; Delivery of
Shares

        The Company may at its election either (i) after the Date
of Grant, issue a certificate representing the Shares subject to this Agreement and place a legend on and stop transfer notice
describing the restrictions on and forfeitability of such Shares, in which case the Company may retain such certificates unless and
until the Shares represented by such certificate have vested and may cancel such certificate if and to the extent that the Shares
are forfeited or otherwise required to be transferred back to the Company, or (ii) not issue any certificate representing Shares
subject to this Agreement and instead document the Participant's interest in the Shares by registering the Shares with the
Company's transfer agent (or another custodian selected by the Company) in book entry form in the Participant's name with the
applicable restrictions noted in the book entry system, in which case no certificate(s) representing all or a part of the Shares
will be issued unless and until the Shares become Vested Shares.  The Company may provide a reasonable delay in the issuance
or delivery of Vested Shares as it determines appropriate to address tax withholding and other administrative
matters. 

8.         Stop‐Transfer Notices

        The Company will not be required to (a) transfer on
its books any Shares that have been sold or transferred in violation of the provisions of this Agreement or (b) treat as the
owner of the Shares, or otherwise accord voting, dividend or liquidation rights to, any transferee to whom the Shares have been
transferred in contravention of this Agreement.

9.         Withholding and Disposition of Shares

        9.1       Generally. 

        The
Participant is liable and responsible for all taxes owed in connection with the Award, regardless of any action the Company takes
with respect to any tax withholding obligations that arise in connection with the Award.  The Company does not make any
representation or undertaking regarding the treatment of any tax withholding in connection with the grant or vesting of the Award
or the subsequent sale of Shares issuable pursuant to the Award.  The Company does not commit and is under no obligation to
structure the Award to reduce or eliminate the Participant's tax liability. 

        9.2       Payment of Withholding Taxes. 

        Prior to any event in connection with the Award (e.g.,
vesting) that the Company determines may result in any domestic or foreign tax withholding obligation, whether national, federal,
state or local, including any social tax obligation (the “Tax Withholding Obligation”), the Participant is required to
arrange for the satisfaction of the minimum amount of such Tax Withholding Obligation in a manner acceptable to the
Company. 

 

(a)        By Withholding Shares.  Unless Participant elects to satisfy
the Tax Withholding Obligation by an alternative means in accordance with clause (b) below, Participant's acceptance of this Award
constitutes Participant's instruction and authorization to the Company to withhold on the Participant's behalf the number of Shares
from those Shares issuable to the Participant at the time when the Award becomes vested as the Company determines to be sufficient
to satisfy the Tax Withholding Obligation. 

(b)        By Other Payment.  At any time not less than five (5) business
days before any Tax Withholding Obligation arises (e.g., before a Vesting Date), Participant may notify the Company of
Participant's election to pay Participant's Tax Withholding Obligation by wire transfer, check or other means permitted by the
Company.  In such case, the Participant shall satisfy his or her tax withholding obligation by paying to the Company on such
date as it shall specify an amount that the Company determines is sufficient to satisfy the expected Tax Withholding Obligation by
(i) wire transfer to such account as the Company may direct, (ii) delivery of a check payable to the Company, Attn:
Leadership Rewards, Stock Administrator, Mail Stop SAS-1610, 1191 Second Avenue, Seattle, WA 98101, or such other address as the
Company may from time to time direct, or (iii) such other means as the Company may establish or permit.  Participant agrees and acknowledges that prior to the date the Tax Withholding Obligation arises, the Company
will be required to estimate the amount of the Tax Withholding Obligation and accordingly will require the amount paid to the
Company under this Paragraph 9.2(b) to be more than the minimum amount that may actually be due and that, if Participant has not
delivered payment of a sufficient amount to the Company to satisfy the Tax Withholding Obligation (regardless of whether as a
result of the Company underestimating the required payment or Participant failing to timely make the required payment), the
additional Tax Withholding Obligation amounts shall be satisfied in the manner specified in Paragraph 9.2(a)
above. 

10.      
Plan Controls

        The terms of the Notice of Grant and this Agreement are
governed by the terms of the Plan, as it exists on the date of the grant and as the Plan is amended from time to time.  In the
event of any conflict between the provisions of the Notice of Grant or this Agreement and the provisions of the Plan, the terms of
the Plan shall control, except as expressly stated otherwise.  The term "Section" generally refers to provisions within the
Plan; provided, however, the term "Paragraph" shall refer to a provision of this Agreement. 

11.      
Limitation on Rights; No Right to Future Grants; Extraordinary Item. 

        By entering into this Agreement and accepting the Award,
Participant acknowledges that: (i) Participant's participation in the Plan is voluntary; (ii) the value of the Award is
an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the Award is not part of
normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation,
termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments,
and Participant will not be entitled to compensation or damages as a consequence of Participant's forfeiture of any unvested
portion of the Award as a result of Participant's Termination of Service with the Company or any Related Company for any reason;
and (iv) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to
form an employment relationship with the Company or any Related Company and the grant of the Award will not be interpreted to form
an employment contract with the Participant's employer, the Company or any Related Company.  The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of
any of Participant's rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters
contained herein and in the Plan which may affect any of Participant's rights or privileges hereunder. 

 

12.      
Committee Authority

        Any question concerning the interpretation of this
Agreement or the Plan, any adjustments required to be made under the Plan, and any controversy that may arise under the Plan or
this Agreement shall be determined by the Committee (including any person(s) to whom the
Committee has delegated its authority) in its sole and absolute discretion.  Such decision
by the Committee shall be final and binding. 

13.       General Provisions

       
13.1     Notices

        Whenever any notice is required or permitted hereunder,
such notice must be in writing and delivered in person or by mail (to the address set forth below if notice is being delivered to
the Company) or electronically.  Any notice delivered in person or by mail shall be deemed to be delivered on the date on
which it is personally delivered, or, whether actually received or not, on the third business day after it is deposited in the
United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address that such
person has theretofore specified by written notice delivered in accordance herewith.  Any
notice given by the Company to the Participant directed to Participant at Participant's address on file with the Company shall be
effective to bind the Participant and any other person who shall have acquired rights under this Agreement.  The Company or
the Participant may change, by written notice to the other, the address previously specified for receiving notices.  Notices
delivered to the Company in person or by mail shall be addressed as follows:

        Company:         Washington Mutual, Inc.

                               
Attn: Leadership Rewards, Stock Administrator

                                Mail Stop SAS-1610

                               
1191 Second Avenue

                               
Seattle, WA 98101

       
13.2     No Waiver

        No waiver of any provision of this Agreement will be valid
unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right
hereunder constitute a continuing waiver of the same or a waiver of any other right hereunder.

       
13.3     Undertaking

        Participant hereby agrees to take whatever additional
action and execute whatever additional documents the Company may deem necessary or advisable in order to carry out or effect one or
more of the obligations or restrictions imposed on either the Participant or the Award pursuant to the express provisions of this
Agreement.

 

        13.4     Entire Contract

        This Agreement, the Notice of Grant and the Plan
constitute the entire contract between the parties hereto with regard to the subject matter hereof.  This Agreement is made
pursuant to the provisions of the Plan and will in all respects be construed in conformity with the express terms and provisions of
the Plan.

       
13.5     Successors and Assigns

        The provisions of this Agreement will inure to the benefit
of, and be binding on, the Company and its successors and assigns and Participant and Participant's legal representatives, heirs,
legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to
this Agreement and agreed in writing to join herein and be bound by the terms and conditions hereof.

       
13.6     Securities Law Compliance

        The Company may impose such restrictions, conditions or
limitations as it determines appropriate as to the timing and manner of any resales by the Participant or other subsequent
transfers by the Participant of any Shares issued as a result of or under this Award, including without limitation (a) restrictions
under an insider trading policy, (b) restrictions that may be necessary in the absence of an effective registration statement under
the Securities Act of 1933, as amended, covering the Award and/or the Shares underlying the Award and (c) restrictions as to the
use of a specified brokerage firm or other agent for such resales or other transfers.  Any sale of the Shares must also comply
with other applicable laws and regulations governing the sale of such shares. 

       
13.7     Information Confidential

        As partial consideration for the granting of the Award,
the Participant agrees that he or she will keep confidential all information and knowledge that the Participant has relating to the
manner and amount of his or her participation in the Plan; provided, however, that such information may be disclosed as required by
law and may be given in confidence to the Participant's spouse, tax and financial advisors, or to a financial institution to the
extent that such information is necessary to secure a loan. 

       
13.8     Data Privacy

        As
an essential term of this Award, the Participant consents to the collection, use and transfer, in electronic or other form, of
personal data as described in this Agreement for the exclusive purpose of implementing, administering and managing
Participant’s participation in the Plan.

        By entering into this Agreement and accepting the Award,
Participant acknowledges that the Company
holds certain personal information about the Participant, including, but not
limited to, name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, tax rates and amounts,
nationality, job title, any shares of stock or directorships held in the
Company, details of all awards or any other entitlement to shares of stock
awarded, canceled, exercised, vested, unvested or outstanding, for the purpose
of implementing, administering and managing the Plan ("Data").  Participant
acknowledges that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients
may be located in jurisdictions that may have different data privacy laws and
protections, and Participant authorizes the 

 

 
recipients to receive, possess, use, retain and transfer the Data, in electronic
or other form, for the purposes of implementing, administering and managing the
Plan, including any requisite transfer of such Data as may be required to a
broker or other third party with whom the Participant or the Company may elect
to deposit any shares of stock acquired under the Award. Participant
acknowledges that Data may be held only as long as is necessary to implement,
administer and manage Participant's participation in the Plan as determined by
the Company, and that Participant may request additional information about the
storage and processing of Data, require any necessary amendments to Data or
refuse or withdraw the consents herein, in any case without cost, provided
however, that refusing or withdrawing Participant's consent may adversely affect
Participant's ability to participate in the Plan.

       
13.9     Electronic Delivery

        The Company may, in its sole discretion, decide to deliver
any documents related to any awards granted under the Plan by electronic means or to request Participant’s consent to
participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and, if
requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or
another third party designated by the Company, and such consent shall remain in effect throughout Participant’s term of
employment or service with the Company and thereafter until withdrawn in writing by Participant. 

       
13.10   Governing Law

        Except as may otherwise be provided in the Plan, the provisions of the Notice of Grant and this Agreement shall be governed
by the laws of the state of Washington, without giving effect to principles of conflicts of law.

 

[IN WITNESS WHEREOF,
the parties have executed this Agreement dated as of __________, 2005.

  	 	 	WASHINGTON MUTUAL, INC. 

	By:		
	 	 	

	Name:	 	 
	 	 	

	Title:	 	 
	 	 	

	 	 	 
	 	 	[NAME OF EMPLOYEE]
	 	 	 
	 	 	

        By his signature below, the spouse of the recipient of the
Restricted Stock Award, if he is legally married as of the date of execution of this Agreement, acknowledges that she has read this
Agreement and the Plan and is familiar with the terms and provisions of this Agreement and the Plan, and agrees to be bound by all
the terms and conditions of this Agreement and the Plan.

  	Dated:		
	 	 	

	 	 	 
	 	 	

	 	 	Spouse's Signature
	 	 	 
	 	 	

	 	 	Printed Name

        By his signature below, recipient represents that he is
not legally married as of the date of executing this Agreement.

  	Dated:		
	 	 	

	 	 	 
	 	 	

	 	 	Recipient's Signature]

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