Document:

Exhibit 10.35

 Exhibit 10.35 
 WASHINGTON REAL ESTATE INVESTMENT TRUST 
 SHORT-TERM 

INCENTIVE PLAN 
 (Effective January 1, 2011) 
 ARTICLE I. INTRODUCTION

 1.1 Purpose. The purposes of the Washington Real Estate Investment Trust 2011 Short-Term Incentive Plan (the
“Plan”) contained herein are to allow Washington Real Estate Investment Trust (the “Trust”) to attract and retain talented executives, to provide incentives to executives to achieve certain performance targets, and
to link executive compensation to shareholder results by rewarding competitive and superior performance. In furtherance of those purposes, the Plan is designed to provide short-term incentive compensation to officers of the Trust, the amount of
which is dependent on the degree of attainment of certain performance goals of the Trust over one-year performance periods beginning on or after January 1, 2011. 
 1.2 Background. The Plan replaces the Short-Term Incentive Plan that became effective January 1, 2009 (the “Prior Plan”) with respect to one-year performance periods beginning
on or after January 1, 2011. The Prior Plan has been terminated with respect to performance periods after 2010. 
 1.3
Overview. Each award under the Plan is comprised fifty percent (50%) of cash and fifty percent (50%) of restricted common shares of the Trust, which restricted common shares will have a value equal to the cash component of the
award. The restricted common shares component is comprised of a service-based portion with a common share value equal to fifteen percent (15%) of the participant’s annual base salary (the service-based restricted shares) and an additional
performance-based portion (the performance-based restricted shares). The cash and the performance-based restricted shares are each initially expressed as a dollar amount that is a multiple of the participant’s annual base salary, which multiple
varies depending on the participant’s job position and the degree of achievement of the performance goals over the one-year performance period under the Plan. The cash component of the award is paid upon completion of the one-year performance
period. The dollar amount attributable to the performance-based restricted shares is converted into a number of restricted common shares. The service-based restricted shares are subject to a ratable vesting schedule that normally runs for three
years from the first day of the one-year performance period, and the performance-based restricted shares are subject to a ratable vesting schedule that normally runs for three years from the January 1 following completion of the one-year
performance period. Grants of restricted common shares under the Plan are made pursuant to and from the common share reserve established under the Trust’s 2007 Omnibus Long-Term Incentive Plan. 

1.4 Effective Date. This Plan is effective as of January 1, 2011 (the “Effective Date”), and was
approved by the Compensation Committee of the Board of Trustees of the Trust (the “Committee”) and by the Board of Trustees of the Trust (the “Board”) on February 17, 2011. 

 ARTICLE II. DEFINITIONS 

2.1 “Award” means an award of cash and Common Shares subject to vesting under the Plan. 

2.2 “Cause” means 
 (a) commission by the Participant of a felony or crime of moral turpitude; 
 (b) conduct by the Participant in the performance of the Participant’s duties to the Trust which is illegal, dishonest, fraudulent or disloyal; 

(c) the breach by the Participant of any fiduciary duty the Participant owes to the Trust; or 

(d) gross neglect of duty which is not cured by the Participant to the reasonable satisfaction of the Trust within thirty
(30) days of the Participant’s receipt of written notice from the Trust advising the Participant of said gross neglect. 
 2.3 “Change in Control” means an event or occurrence set forth in any one or more of subsections (a) through (d) below (including any event or occurrence that constitutes a
Change in Control under one of such subsections but is specifically exempted from another such subsection): 

(a) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership of any shares of beneficial interest in the Trust if, after such acquisition, such Person beneficially owns
(within the meaning of rule 13d-3 promulgated under the Exchange Act) forty percent (40%) or more of either (1) the then-outstanding shares of beneficial interest in the Trust (the “Outstanding Trust Shares”) or
(2) the combined voting power of the then-outstanding shares of beneficial interest the Trust entitled to vote generally in the election of trustees (the “Outstanding Trust Voting Shares”); provided, however, that for purposes
of this subsection (a), the following acquisitions shall not constitute a Change in Control: (A) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Trust or any corporation controlled by the Trust, or
(B) any acquisition by any corporation pursuant to a transaction which complies with clauses (1) and (2) of subsection (c) of this Section; or 

(b) such time as the Continuing Trustees (as defined below) do not constitute a majority of the Board (or, if applicable,
the board of directors or trustees of a successor corporation or other entity to the Trust), where the term “Continuing Trustee” means at any date a member of the Board (1) who was a member of the Board on the date hereof or
(2) who was nominated or elected subsequent to the date hereof with the approval of other Board members who themselves constitute Continuing Trustees at the time of such nomination or election; provided, however, that there shall be excluded
from this clause (2) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of trustees or other

  
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actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or 

(c) the consummation of a merger, consolidation, reorganization, recapitalization or statutory share exchange involving
the Trust or a sale or other disposition of all or substantially all of the assets of the Trust in one or a series of transactions (a “Business Combination”), unless, immediately following such Business Combination, each of the
following two conditions is satisfied: (1) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Trust Shares and Outstanding Trust Voting Shares immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of beneficial interest or stock, as the case may be, and the combined voting power of the then-outstanding shares or stock, as the case may be,
entitled to vote generally in the election of trustees, or directors, as the case may be, respectively, of the resulting or acquiring corporation or other entity in such Business Combination (which shall include, without limitation, a corporation or
other entity which as a result of such transaction owns the Trust or substantially all of the Trust’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation or other entity referred to herein as the
“Acquiring Entity”) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Trust Shares and Outstanding Trust Voting Shares, respectively; and (2) no Person
(excluding the Acquiring Entity or any employee benefit plan (or related trust) maintained or sponsored by the Trust or by the Acquiring Entity) beneficially owns, directly or indirectly, 40% or more of the then outstanding shares of beneficial
interest or stock, as the case may be, of the Acquiring Entity, or of the combined voting power of the then-outstanding shares of such corporation or other entity entitled to vote generally in the election of trustees or directors, as the case may
be; or 
 (d) a liquidation or dissolution of the Trust. 

Notwithstanding the foregoing, no Change in Control shall be deemed to have occurred unless the event also constitutes a “change in the ownership or
effective control of the corporation or in the ownership of a substantial portion of the assets of the corporation” within the meaning of Section 409A(a)(2)(v) of the Internal Revenue Code. 

2.4 “Common Shares” means common shares of the Trust. 

2.5 “Core FAD” means core funds available for distribution of the Trust for the Performance Period, as adjusted and
calculated in accordance with the Trust’s accounting principles. 
 2.6 “Core FFO” means core funds from
operations of the Trust for the Performance Period, as adjusted and calculated in accordance with the Trust’s accounting principles. 
 2.7 “Disability” means any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less
than twelve (12) months, as a result of which the Participant is receiving income replacement benefits for a period of not less than three (3) months under an accident and health 

  
 3 

 
plan covering employees of the Trust. The determination of whether the Participant’s physical or mental impairment satisfies the conditions set forth in this Section shall be made under a
disability insurance program covering employees of the Trust; provided, however, that if the Participant is determined to be totally disabled by the Social Security Administration, his physical or mental impairment shall be deemed to satisfy the
conditions of this Section. 
 2.8 “Good Reason” means the occurrence of an event listed in Subsection (a),
(b) or (c) below: 
 (a) the Trust materially diminishes the Participant’s job responsibilities
such that the Participant would no longer have responsibilities substantially equivalent to those of other officers holding an equivalent job position to that held by the Participant before the diminution at companies with similar revenues and
market capitalization; 
 (b) the Trust reduces the Participant’s annual base salary (except for a reduction
that is a uniform percentage of annual base salary for each officer of the Trust and does not exceed ten percent (10%) of annual base salary) or annual bonus opportunity at high, target or threshold performance as a percentage of annual base
salary; or 
 (c) the Trust requires the Participant to relocate the Participant’s primary place of
employment to a new location that is more than fifty (50) miles from its current location (determined using the most direct driving route), without the Participant’s consent; 

provided however, as to each event in Subsection (a), (b) or (c), 

(i) the Participant gives written notice to the Trust within thirty (30) days following the event or receipt of
notice of the event of his objection to the event; 
 (ii) the Trust fails to remedy the event within thirty
(30) days following the Participant’s written notice; and 
 (iii) the Participant terminates his
employment within thirty (30) days following the Trust’s failure to remedy the event. 
 2.9
“Participant” means a person who participates in the Plan pursuant to Section 3.1. 
 2.10
“Performance Period” means the period from and including January 1 through the earlier of December 31 of that year or the date of a Change in Control. 

2.11 “Retire” means a Participant resigns upon or after reaching (a) age 55 and being employed by the Trust for at
least twenty (20) years, or (b) age 65. 
 2.12 “Same Store NOI Growth” means the growth in same
store net operating income of the Trust for the Performance Period as compared to the prior Performance Period, as adjusted and calculated in accordance with the Trust’s accounting principles. 

  
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 ARTICLE III. ELIGIBILITY AND ADMINISTRATION 

3.1 Eligibility. Officers of the Trust who are employees of the Trust as of the first day of the Performance Period shall be the
initial Participants. The Committee may designate additional employees as Participants during the Performance Period. If the Committee adds Participants after the first day of the Performance Period, the Participant’s Award opportunity will be
as established by the Committee by written notice to the Participant in lieu of the level specified in Section 4.1. Unless otherwise specified by the Committee, the Award for any Participant who is not a Participant on the first day of the
Performance Period shall be prorated in the proportion that the number of days the Participant is employed by the Trust during the Performance Period bears to the number of days in the Performance Period. Once a person becomes a Participant in the
Plan, the Participant shall remain a Participant until any Award payable hereunder has been paid and is vested or forfeited. 

3.2 Administration. The Plan shall be administered by the Committee, which shall have discretionary authority to interpret and
make all determinations relating to the Plan. Any interpretation or determination by the Committee shall be binding on all parties. 
 ARTICLE IV. AWARDS 
 4.1 Award Opportunity. Each Participant’s
total Award under the Plan with respect to a Performance Period shall be divided into a cash component and a restricted Common Shares component, each of which shall initially be stated as a percentage of the Participant’s annual base salary
determined as of the first day of that Performance Period, which percentage shall depend upon the Participant’s position and (except as to the service-based restricted shares component shown in the table below) the degree of achievement of
threshold, target, and high performance goals for the Performance Period as set forth in the table below: 
  

																											
	 	 	 	  	Cash Component
(50%)	 	 	Restricted Share 
Component
(50%)	 
	 	 	 	  	Threshold	 	 	Target	 	 	High	 	 	Threshold	 	 	Target	 	 	High	 
	 President and Chief Executive Officer
	 	 Performance-based

Service-based
	  	 
  
	58
 0
	% 
 % 
	 	 
  
	113
 0
	% 
 % 
	 	 
  
	195
 0
	% 
 % 
	 	 
  
	43
 15
	% 
 % 
	 	 
  
	98
 15
	% 
 % 
	 	 
  
	180
 15
	% 
 % 

								
	 Executive Vice President
	 	 Performance-based

Service-based
	  	 
  
	48
 0
	% 
 % 
	 	 
  
	93
 0
	% 
 % 
	 	 
  
	160
 0
	% 
 % 
	 	 
  
	33
 15
	% 
 % 
	 	 
  
	78
 15
	% 
 % 
	 	 
  
	145
 15
	% 
 % 

								
	 Senior Vice President
	 	 Performance-based

Service-based
	  	 
  
	35
 0
	% 
 % 
	 	 
  
	65
 0
	% 
 % 
	 	 
  
	115
 0
	% 
 % 
	 	 
  
	20
 15
	% 
 % 
	 	 
  
	50
 15
	% 
 % 
	 	 
  
	100
 15
	% 
 % 

								
	 Managing Director
	 	 Performance-based

Service-based
	  	 
  
	25
 0
	% 
 % 
	 	 
  
	50
 0
	% 
 % 
	 	 
  
	88
 0
	% 
 % 
	 	 
  
	10
 15
	% 
 % 
	 	 
  
	35
 15
	% 
 % 
	 	 
  
	73
 15
	% 
 % 

  
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 4.2 Performance Goals. The initial performance goals under the Plan are, and are
weighted, as follows: 
  

	 	(a)	Objective performance goals, comprised of: 

  

	 	(i)	Core FFO per share (20%); 

  

	 	(ii)	Core FAD per share (20%); and 

  

	 	(iii)	Same Store NOI Growth (20%); and 

  

	 	(b)	Subjective goals, comprised of: 

  

	 	(i)	strategic acquisition/disposition activity of the Trust for the Performance Period (20%); and 

 

	 	(ii)	individual objectives (20%). 

 The specific
threshold, target and high metrics underlying the objective performance goals shall be set by the Committee no later than the first 90 days of the Performance Period (taking into account input from the Board and the Chief Executive Officer) in which
the metrics are to take effect. If the degree of achievement of any objective performance goal falls between threshold and target or between target and high performance levels, the portion of the Award that is dependent upon that performance goal
shall be determined by linear interpolation. If the degree of achievement of any objective or subjective performance goal falls below threshold, the portion of the Award that is dependent on that performance goal shall not be paid. At any time, the
Committee may make an assessment of market conditions with respect to the Performance Period and may in its discretion adjust the performance outcome measures by up to five percentage points (added to or subtracted from the performance outcome).

 On or about completion of the Performance Period, (1) the degree of achievement of the subjective goals shall be determined (i) by
the Committee in its discretion with respect to the strategic acquisition/disposition activity and other subjective performance goals (taking into account input from the Board and a written presentation to be provided by the Chief Executive
Officer), and (ii) with respect to individual objectives, by the Committee in its discretion with respect to the Chief Executive Officer, and by the Chief Executive Officer or other immediate supervisor in his or her discretion with respect to
all other Participants (subject to final approval by the Committee), and (2) the Committee shall evaluate subjective goals performance on a scale of below 1 (below threshold), 1 (threshold), 2 (target) or 3 (high) or any fractional number
between 1 and 3. If the Committee determines that subjective goals performance is a fractional number between 1 and 3, the portion of the Award that is dependent upon subjective goals performance shall be determined by linear interpolation.

 While the objective and subjective performance goals shall apply as of the Effective Date, such objective and subjective performance goals
shall be re-evaluated by the Committee (taking into account input from the Chief Executive Officer and the Board) on an annual basis as to their appropriateness for use with respect to the 2012 Performance Period and subsequent

  
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Performance Periods under the Plan based on potential future changes in the Trust’s business goals and strategy. Any modification to the performance goals shall be approved by the Committee
and the Board no later than the first ninety (90) days of the Performance Period in which the modification is to take effect. 
 4.3 Eligibility for, Timing and Form of Payment of Award. Except as provided in Section 4.3(d) or Sections 4.4 through 4.6, the Participant must be employed by the Trust on the last day of the
Performance Period to receive an Award, and the Award shall be paid as follows: 
 (a) as of the end of the
Performance Period, the dollar amount payable in cash and the dollar amount payable in restricted Common Shares pursuant to Sections 4.1 and 4.2 shall be determined for each Participant; 

(b) of the cash portion of the Award for each Participant, eighty percent (80%) shall be paid on or before the last
day of the Performance Period (except to the extent that the Participant has made an election to defer such cash portion of the Award pursuant to Section 4.8) and twenty percent (20%) shall be paid in the year following the Performance
Period by no later than the fifteenth day of the third month following the end of the Performance Period; 
 (c)
the dollar amount payable in restricted Common Shares for each Participant shall be divided into the service-based component (in an amount equal to fifteen percent (15%) of the Participant’s annual base salary as provided in
Section 4.1) and the performance-based component. 
 (1) The service-based component shall be converted into
a number of Common Shares by dividing the dollar amount by the closing price per Common Share on January 1 of the Performance Period (or if such January 1 is not a trading day, the first trading day preceding such January 1) on the
exchange on which Common Shares are traded (the “Service-Based Restricted Shares”). 
 (2) The
performance-based component shall be converted into a number of Common Shares by dividing the dollar amount by the closing price per Common Share on the January 1 following the Performance Period (or if such January 1 is not a trading day,
the first trading day preceding such January 1) on the exchange on which Common Shares are traded (the “Performance-Based Restricted Shares”); and 
 (d) (1) The Service-Based Restricted Shares shall be issued as of the first day of the Performance Period (or as of the date of adoption of the Plan in the case of the 2011 Performance Period) and shall
be subject to vesting as provided in Section 4.4(a). 
 (2) The Performance-Based Restricted Shares shall be
issued in the year following the Performance Period by no later than the fifteenth day of the third month following the end of the Performance Period and shall be subject to vesting as described in Section 4.4(b). 

  
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 All such Common Shares shall be awarded under and in accordance with the Trust’s 2007
Omnibus Long Term Incentive Plan. 
 4.4 Common Shares subject to Vesting. 

(a) The Service-Based Restricted Shares shall vest (1) as to one-third of the shares on the last day of the
Performance Period and to an additional one-third of the shares on each of the two subsequent anniversaries thereof, subject to the Participant remaining employed by the Trust through the applicable vesting date, or (2) as to all of the shares,
if during the period from the first day of the Performance Period through the second anniversary of the last day of the Performance Period, the Participant’s employment is terminated by the Trust without Cause, or the Participant resigns for
Good Reason, Retires, dies or becomes subject to a Disability while employed by the Trust, or a Change in Control occurs while the Participant is employed by the Trust. 

(b) The Performance-Based Restricted Shares shall vest (1) as to one-third of the shares on each of the first three
anniversaries of the last day of the Performance Period, subject to the Participant remaining employed by the Trust through the applicable vesting date, (2) as to all of the shares, if during the period from the last day of the Performance
Period through the third anniversary of the last day of the Performance Period, the Participant’s employment is terminated by the Trust without Cause, or the Participant resigns for Good Reason, Retires, dies or becomes subject to a Disability
while employed by the Trust, or a Change in Control occurs while the Participant is employed by the Trust, or (3) if, and to the extent determined under Section 4.5 or 4.6, if applicable. 

4.5 Qualifying Termination during the Performance Period. If during the Performance Period, the Participant’s employment is
terminated by the Trust without Cause, or the Participant resigns with Good Reason, Retires, dies or becomes subject to a Disability while employed by the Trust, the Participant shall receive an Award calculated based on the actual levels of
achievement of the performance goals for the entire Performance Period, but the Award shall be prorated in the proportion that the number of days elapsed from the beginning of the Performance Period through the date the Participant ceases to be an
employee of the Trust bears to the total number of days in the Performance Period. In such event, the Performance-Based Restricted Shares issued to the Participant with respect to such Performance Period shall be fully vested. Notwithstanding the
foregoing, this Section shall not apply to the Service-Based Restricted Shares (and Section 4.4(a)(2) shall instead be applicable). 
 4.6 Change in Control during the Performance Period. If a Change in Control occurs while the Participant is employed by the Trust during the Performance Period, the Participant shall receive an
Award calculated based on the actual levels of achievement of the prorated performance goals as of the date of the Change in Control, but the Award shall be prorated in the proportion that the number of days elapsed from the beginning of the
Performance Period through the date of the Change in Control bears to 365. In such event, the Performance-Based Restricted Shares issued to the Participant with respect to such Performance Period shall be fully vested and the number of shares shall
be calculated based on the closing price per Common Share on the exchange on which Common Shares are traded on the trading day coinciding with (or if that is not a trading day, immediately preceding) the date of the Change in Control, or if

  
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Common Shares are no longer traded on an exchange as of such date, based on the value determined by the Committee in its reasonable discretion based on the actual or implied price paid in the
Change in Control transaction. The Award shall be issued on the date of the Change in Control. Notwithstanding the foregoing, this Section shall not apply to the Service-Based Restricted Shares (and Section 4.4(a)(2) shall instead be
applicable). 
 4.7 Forfeiture. Except as otherwise provided in this Article, any Award that is not vested as of the
earlier of termination of employment or the second anniversary of the last day of the Performance Period in the case of the Service-Based Restricted Shares, or the third anniversary of the last day of the Performance Period in the case of the
Performance-Based Restricted Shares, shall be forfeited. 
 4.8 Deferral Election as to Cash Portion of Award. Each
Participant who is eligible under the Trust’s Deferred Compensation Plan for Officers (the “DCP”) may elect to defer all or a portion of the cash portion of the Award that is payable with respect to a Performance Period on or
before the last day of the Performance Period (i.e., up to eighty percent (80%) of the cash portion of the Award) by making a timely deferral election under the DCP. Elections must be made by December 15 of the year prior to the
Performance Period, unless otherwise permitted by the DCP. If a Participant makes deferral election, the deferral will be converted into restricted share units and held pursuant to the DCP. The deferred restricted share units will be matched
twenty-five percent (25%) by the Trust in accordance with the terms of the DCP. 
 ARTICLE V. MISCELLANEOUS

 5.1 Dividends on Unvested Shares. Dividends declared with respect to unvested Common Shares shall be paid
currently. 
 5.2 Payroll Withholding on Cash Portion of Award. The cash portion of the Award shall be reduced by all
required tax withholding and all other applicable payroll deductions. 
 5.3 Tax Withholding on Common Shares Portion of
Award. In order to satisfy applicable tax withholding, the portion of the Award payable in Common Shares shall be reduced by that whole number of vested Common Shares which have a value equal to the minimum amount of the required tax obligations
imposed on the Trust, and to the extent any remainder of the required tax withholding remains unsatisfied because no fraction of a Common Share is reduced, the Trust shall deduct the remainder from other cash payable to the Participant or if no cash
is payable to the Participant, the Trust may require the Participant to remit the remainder. 
 5.4 Restrictions on
Transfer. Except for the transfer by bequest or inheritance, the Participant shall not have the right to make or permit to exist any transfer or hypothecation, whether outright or as security, with or without consideration, voluntary or
involuntary, of all or any part of any right, title or interest in or to an Award until such date as, and only to the extent that, cash has been paid or vested shares have been issued. Any such disposition not made in accordance with this Plan shall
be deemed null and void. Any permitted transferee under this Section shall be bound by the terms of this Plan. 

  
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 5.5 Change in Capitalization. The number and kind of shares issuable under this Plan
shall be subject to adjustment pursuant to the provisions of the Trust’s 2007 Omnibus Long-Term Incentive Plan. 
 5.6
Successors. This Plan shall be binding upon and inure to the benefit of the heirs, legal representatives, successors, and permitted assigns of the parties. 
 5.7 Notice. Except as otherwise specified herein, all notices and other communications under this Plan shall be in writing and shall be deemed to have been given if personally delivered or if sent
by registered or certified United States mail, return receipt requested, postage prepaid, addressed to the proposed recipient at the last known address of the recipient. Any party may designate any other address to which notices shall be sent by
giving notice of the address to the other parties in the same manner as provided herein. 
 5.8 Severability. In the
event that any one or more of the provisions or portion thereof contained in this Plan shall for any reason be held to be invalid, illegal, or unenforceable in any respect, the same shall not invalidate or otherwise affect any other provisions of
this Plan, and this Plan shall be construed as if the invalid, illegal or unenforceable provision or portion thereof had never been contained herein. 
 5.9 No Right to Continued Retention. Neither the establishment of the Plan nor the Award hereunder shall be construed as giving any Participant the right to continued service with the Trust.

 5.10 Interpretation and IRC Section 409A. Section headings used herein are for convenience of reference only and
shall not be considered in construing this Plan. Sections 1.1 through 1.3 are intended to introduce and summarize the Plan only and shall not apply for purposes of determining a Participant’s rights under the Plan. Termination of employment
under the Plan shall be considered to have occurred for purposes of Sections 4.4 and 4.5 only if the Participant has a termination of employment that constitutes a “separation from service” within the meaning of Section 409A of the
Internal Revenue Code. Awards under the Plan that are not deferred under the DCP are intended to be exempt from Section 409A as “short-term deferrals” within the meaning of the Treasury Regulations under Section 409A, but in any
event Awards under the Plan are payable on a specified date or upon a Change in Control in compliance with Section 409A, and the Plan shall be interpreted in a manner to be exempt from or otherwise in compliance with Section 409A.

 5.11 Amendment and Termination of the Plan. The Committee reserves the right to amend or terminate the Plan at any
time, provided that no amendment shall deprive a Participant of any Award that is earned up to the date of the amendment or termination or result in the acceleration of any award payable under the Plan if such acceleration would result in any
Participants incurring a tax under Section 409A of the Internal Revenue Code. 
 5.12 Governing Laws. The laws of
the State of Maryland shall govern the Plan, to the extent not preempted by federal law, without reference to the principles of conflict of laws; provided, however, no Common Shares shall be issued except, in the reasonable judgment of the
Committee, in compliance with exemptions under applicable securities laws. 

  
 10 

 
			
	WASHINGTON REAL ESTATE INVESTMENT TRUST
		
	By:	 	 /s/ Laura M. Franklin

		
	Title:	 	 Executive Vice President – Accounting and
Administration

  
 11Exhibit 10.36

 Exhibit 10.36* 
 WASHINGTON REAL ESTATE INVESTMENT TRUST 
 DEFERRED COMPENSATION PLAN FOR DIRECTORS

 (As Amended and Restated, Effective January 1, 2011) 

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
  

	*	This exhibit replaces Exhibit 10.30 - Amended and Restated Deferred Compensation Plan for Directors, adopted October 27, 2010 

 TABLE OF CONTENTS 

 

									
	 	 	 	    	 	  	Page	 
			
	 ARTICLE 1
	    	 PURPOSE; EFFECTIVE DATE
	  	 	1	  
				
		 	 1.1
	    	Purpose	  	 	1	  
			
	 ARTICLE 2
	    	 DEFINITIONS
	  	 	1	  
				
		 	 2.1
	    	Account	  	 	1	  
				
		 	 2.2
	    	Beneficiary	  	 	1	  
				
		 	 2.3
	    	Board	  	 	1	  
				
		 	 2.4
	    	Change in Control	  	 	2	  
				
		 	 2.5
	    	Committee	  	 	2	  
				
		 	 2.6
	    	Company	  	 	2	  
				
		 	 2.7
	    	Deferral Commitment	  	 	2	  
				
		 	 2.8
	    	Deferral Period	  	 	3	  
				
		 	 2.9
	    	Determination Date	  	 	3	  
				
		 	 2.10
	    	Director	  	 	3	  
				
		 	 2.11
	    	Earnings	  	 	3	  
				
		 	 2.12
	    	Fees	  	 	3	  
				
		 	 2.13
	    	Form of Payment Designation	  	 	4	  
				
		 	 2.14
	    	Participant	  	 	4	  
				
		 	 2.15
	    	Plan	  	 	4	  
				
		 	 2.16
	    	Plan Benefit	  	 	4	  
				
		 	 2.17
	    	Plan Year	  	 	4	  
				
		 	 2.18
	    	RSU	  	 	4	  
				
		 	 2.19
	    	Separation from Service	  	 	4	  
				
		 	 2.20
	    	Share	  	 	4	  
				
		 	 2.21
	    	Stock Award	  	 	4	  
			
	 ARTICLE 3
	    	 PARTICIPATION AND DEFERRAL COMMITMENTS
	  	 	5	  
				
		 	 3.1
	    	Eligibility and Participation	  	 	5	  
				
		 	 3.2
	    	Form of Deferral	  	 	5	  
				
		 	 3.3
	    	Commitment Limited by Termination	  	 	6	  

									
				
		 	 3.4
	    	Modification of Deferral Commitment	  	 	6	  
			
	 ARTICLE 4
	    	 DEFERRED COMPENSATION ACCOUNT
	  	 	6	  
				
		 	 4.1
	    	Account	  	 	6	  
				
		 	 4.2
	    	Determination of Accounts	  	 	6	  
				
		 	 4.3
	    	Vesting of Accounts and RSUs	  	 	6	  
				
		 	 4.4
	    	Statement of Accounts and RSUs	  	 	7	  
			
	 ARTICLE 5
	    	 PLAN BENEFITS
	  	 	7	  
				
		 	 5.1
	    	Benefits Upon Termination/Separation from Service	  	 	7	  
				
		 	 5.2
	    	Death Benefit	  	 	7	  
				
		 	 5.3
	    	Form of Payment	  	 	7	  
				
		 	 5.4
	    	Valuation and Settlement	  	 	8	  
				
		 	 5.5
	    	Payment to Guardian	  	 	8	  
			
	 ARTICLE 6
	    	 BENEFICIARY DESIGNATION
	  	 	9	  
				
		 	 6.1
	    	Beneficiary Designation	  	 	9	  
				
		 	 6.2
	    	Changing Beneficiary	  	 	9	  
				
		 	 6.3
	    	No Beneficiary Designation	  	 	9	  
				
		 	 6.4
	    	Effect of Payment	  	 	9	  
			
	 ARTICLE 7
	    	 ADMINISTRATION
	  	 	10	  
				
		 	 7.1
	    	Committee; Duties	  	 	10	  
				
		 	 7.2
	    	Agents	  	 	10	  
				
		 	 7.3
	    	Binding Effect of Decisions	  	 	10	  
				
		 	 7.4
	    	Indemnity of Committee	  	 	10	  
				
		 	 7.5
	    	Election of Committee After Change in Control	  	 	10	  
			
	 ARTICLE 8
	    	 CLAIMS PROCEDURE
	  	 	11	  
				
		 	 8.1
	    	Claim	  	 	11	  
				
		 	 8.2
	    	Denial of Claim	  	 	11	  
				
		 	 8.3
	    	Review of Claim	  	 	11	  
				
		 	 8.4
	    	Final Decision	  	 	11	  
			
	 ARTICLE 9
	    	 AMENDMENT AND TERMINATION OF PLAN
	  	 	12	  
				
		 	 9.1
	    	Amendment	  	 	12	  
				
		 	 9.2
	    	Company’s Right to Terminate	  	 	12	  

									
			
	 ARTICLE 10
	    	 MISCELLANEOUS
	  	 	13	  
				
		 	 10.1
	    	Unfunded Plan	  	 	13	  
				
		 	 10.2
	    	Company Obligation	  	 	13	  
				
		 	 10.3
	    	Unsecured General Creditor	  	 	13	  
				
		 	 10.4
	    	Trust Fund	  	 	13	  
				
		 	 10.5
	    	Nonassignability	  	 	14	  
				
		 	 10.6
	    	Not a Contract of Employment	  	 	14	  
				
		 	 10.7
	    	Protective Provisions	  	 	14	  
				
		 	 10.8
	    	Governing Law	  	 	14	  
				
		 	 10.9
	    	Validity	  	 	14	  
				
		 	 10.10
	    	Notice	  	 	14	  
				
		 	 10.11
	    	Successors	  	 	14	  
				
		 	 10.12
	    	Section 409A of the Code	  	 	15	  

 WASHINGTON REAL ESTATE INVESTMENT TRUST 

DEFERRED COMPENSATION PLAN FOR DIRECTORS 
 (AS AMENDED AND RESTATED, EFFECTIVE JANUARY 1, 2011) 
 ARTICLE 1

 PURPOSE; EFFECTIVE DATE 
  

	 	1.1	Purpose 

 The purpose of
this restated Deferred Compensation Plan for Directors is to provide current tax planning opportunities to Board Members of the Company. 
  

	 	1.2	Effective Date 

 The Plan
was originally effective as of December 1, 2000. The Plan, as amended and restated, is effective January 1, 2011. 

ARTICLE 2 

DEFINITIONS 
 For the purposes of this Plan, the following terms shall have the meanings indicated, unless the context clearly indicates otherwise: 

 

	 	2.1	Account 

“Account” means the account maintained by the Company, including the subaccounts described in Section 4.1, to measure and
determine the amounts to be paid to a Participant under the Plan. The maintenance of these Accounts is for recordkeeping purposes only and shall not require any segregation of assets. 

 

	 	2.2	Beneficiary 

“Beneficiary” means the person, persons or entity as designated by the Participant, entitled under Article VI to receive any
Plan Benefits payable after the Participant’s death. 
  

	 	2.3	Board 

 “Board”
means the Board of Directors of the Company. 

	 	2.4	Change in Control 

“Change in Control” means an occasion upon which (i) any ‘person’ (as such term is used in Section 13(d) and
14(d) of the Securities Exchange Act of 1934, as now in effect or as hereafter amended (‘Exchange Act’)) other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation controlled
by the Company, acquires (either directly and/or through becoming the ‘beneficial owner’ (as defined in Rule 13d-3 under the Exchange Act)), directly or indirectly, securities of the Company representing 40% or more of the combined voting
power of the Company’s then outstanding securities (or has acquired securities representing 40% or more of the combined voting power of the Company’s then outstanding securities during the 12-month period ending on the date of the most
recent acquisition of Company securities by such person); or (ii) during any period of twelve (12) consecutive months (not including any period prior to the adoption of this Plan), individuals who at the beginning of such period constitute
the Board and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in clauses (i) or (iii) of this Paragraph) whose election by the Board or
nomination for election by the Company’s shareholders was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority thereof; or (iii) any of (a) the Company consummates a merger, consolidation, reorganization, recapitalization or statutory share exchange (a ‘Business
Combination’), other than a Business Combination which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) at least 50% of the combined voting power and at least 50% of the combined total fair market value of the securities of the Company or such surviving entity outstanding immediately after such Business Combination,
(b) the Company’s shareholders approve a plan of complete liquidation of the Company, or (c) the Company completes the sale or other disposition of all or substantially all of its assets in one or a series of transactions.”

  

	 	2.5	Committee 

“Committee” means the committee appointed by the Board to administer the Plan pursuant to Article VII. The initial Committee so
designated by the Board shall be the Administrative Committee. 
  

	 	2.6	Company 

“Company” means Washington Real Estate Investment Trust, a Maryland corporation, and directly or indirectly affiliated
subsidiary corporations, any other affiliate designated by the Board, or any successor to the business thereof. 
  

	 	2.7	Deferral Commitment 

“Deferral Commitment” means a commitment made by a Participant to defer a percentage or flat dollar amount of any or each of the
three types of Fees pursuant to Article III or to defer all but not less than all of an annual Stock Award pursuant to Article III. The 

  
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Deferral Commitment may, but need not, specify a different percentage or flat dollar amount in respect of (i) the Annual Board Retainer, (ii) a Committee Chair Retainer, and
(iii) Committee Meeting Fees. All but not less than all of the Annual Board Retainer and all but not less than all of an annual Stock Award may be converted into RSUs. A specified percentage or a flat dollar amount of the Annual Board Retainer,
a Committee Chair Retainer and Committee Meeting Fees may be deferred into the appropriate subaccount of a Participant’s Account. No portion of a Committee Chair Retainer or any Committee Meeting Fee can be converted into RSUs. The Deferral
Commitment shall apply to each installment of Fees otherwise payable to a Participant and to each grant of an annual Stock Award otherwise payable to a Participant. A Deferral Commitment shall remain in effect until amended or revoked as provided
under Section 3.2. Although the Annual Board Retainer is otherwise payable on a monthly basis, if the Participant elects to convert the Annual Board Retainer into RSUs, such RSUs will be issued as of the last business day of each quarter during
the applicable calendar year. 
  

	 	2.8	Deferral Period 

“Deferral Period” means each calendar year. The initial Deferral Period, however, shall be January 1, 2001 through and
including December 31, 2001. 
  

	 	2.9	Determination Date 

“Determination Date” means the last day of each calendar month. 

 

	 	2.10	Director 

“Director” means a member of the Board of Washington Real Estate Investment Trust. 

 

	 	2.11	Earnings 

“Earnings” means, with respect to the portion of a Director’s Account associated with Fees deferred pursuant to Article
III, a rate of interest. The rate shall equal the Company’s weighted average interest rate on its fixed rate bonds as of December 31 of each calendar year. Such rate may be changed to any other rate approved by the Board as of any
subsequent January 1. With respect to an annual Stock Award and/or Board Retainer which has been deferred and converted into RSUs pursuant to Article III, the aggregate amount of dividends which would have been paid on a number of Shares equal
to the number of RSUs outstanding on such dividend paid date shall be computed and converted into a number of additional RSUs which shall be credited to such Participant as of the date such dividends are declared. 

 

	 	2.12	Fees 

 “Fees”
means the Directors’ fees otherwise payable to the Participant by the Company. The term Fees shall include (i) the Annual Board Retainer, (ii) a Committee Chair Retainer and (iii) Committee Meeting Fees. 

  
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	 	2.13	Form of Payment Designation 

 “Form of Payment Designation” means the form prescribed by the Committee and completed by the Participant, indicating the chosen form of payment for benefits payable under this Plan, as elected
by the Participant. 
  

	 	2.14	Participant 

“Participant” means any Director who is eligible, pursuant to Section 3.1, to participate in this Plan, and who has elected
to defer Fees or an annual Stock Award under this Plan. 
  

	 	2.15	Plan 

 “Plan”
means this Deferred Compensation Plan for Directors as amended from time to time. 
  

	 	2.16	Plan Benefit 

 “Plan
Benefit” means the benefit payable to the Participant as calculated in Article V. 
  

	 	2.17	Plan Year 

 “Plan
Year” means the consecutive twelve (12) month period ending on each December 31. 
  

	 	2.18	RSU 

 “RSU”
means a Restricted Share Unit, issued under the authority of the 2007 Omnibus Long Term Incentive Plan, or any successor of such plan, which has a value equal to the value of one Share. 

 

	 	2.19	Separation from Service 

“Separation from Service” means the definition set forth in Treas. Reg. § 1.409A-1(h). 

 

	 	2.20	Share 

 “Share”
means a share of beneficial interest in WRIT that is publicly traded on the New York Stock Exchange. 
  

	 	2.21	Stock Award 

 “Stock
Award” means the annual award of Shares which is otherwise paid to a Director in December by the Company. 

  
 -4-

 ARTICLE 3 
 PARTICIPATION AND DEFERRAL COMMITMENTS 
  

	 	3.1	Eligibility and Participation. 

 (a) Eligibility. Eligibility to participate in the Plan shall be limited to individuals who are Directors. 

(b) Participation. A Director’s participation in the Plan shall be effective upon election to the Board
of Directors of the Company and completion and submission of a Deferral Commitment and a Form of Payment Designation to the Committee by the thirtieth (30th) day of the second (2nd) month immediately preceding the beginning of the Deferral Period. Such Deferral
Commitment and Form of Payment Designation shall remain in effect with respect to each succeeding Deferral Period, until such time as another Deferral Commitment is filed with the Committee as described in Section 3.2(b) below. 

(c) Part-Year Participation. When an individual first becomes eligible to participate during a Deferral Period, a Deferral
Commitment may be submitted to the Committee within thirty (30) days after the Committee notifies the individual of eligibility to participate. Such Deferral Commitment will be effective only with regard to Fees and Stock Dividends earned
following submission of the Deferral Commitment to the Committee. 
  

	 	3.2	Form of Deferral 

 A
Participant may elect a Deferral Commitment as follows: 
 (a) Form of Deferral Commitment. A Deferral Commitment may
apply to each installment of Fees otherwise payable by the Company to a Participant during the Deferral Period. The Deferral Commitment may provide that all or any portion of such deferred Fees be credited to the Participant’s Account. In
addition, and if so elected by the Participant, a Deferral Commitment may also cause the full amount of the Annual Board Retainer and/or the full amount of the annual Stock Award, which would otherwise have been paid to the Participant in December
by the Company, to be converted into RSUs (including fractional RSUs) having a fair market value equal to the fees and the value of the number of Shares (including fractional shares) attributable to such annual Stock Award. 

(b) Period of Commitment. Once a Participant has made a Deferral Commitment, that Commitment shall remain in effect for that
Deferral Period and shall remain in effect for all future Deferral Periods unless revoked or amended in writing by the Participant and delivered to the Committee no later than November 30 of the year preceding the Deferral Period for which it
is in intended to be effective. 

  
 -5-

	 	3.3	Commitment Limited by Termination 

 If a Participant terminates from the Board of the Company prior to the end of the Deferral Period, the Deferral Period shall end as of the date of termination. 

 

	 	3.4	Modification of Deferral Commitment 

 A Deferral Commitment shall be irrevocable by the Participant during a Deferral Period. 
 ARTICLE 4 
 DEFERRED COMPENSATION ACCOUNT 

 

	 	4.1	Account 

 For
recordkeeping purposes only, an Account shall be maintained for each Participant and shall be subject to periodic credits and adjustments as described herein. A separate subaccount shall be maintained within the Account to reflect deferrals
attributable to (i) the Annual Board Retainer, (ii) a Committee Chair Retainer and (iii) Committee Meeting Fees, as the case may be. The Account shall be a book-keeping device utilized for the sole purpose of determining the benefits
payable under the Plan and shall not constitute a separate fund of assets. 
  

	 	4.2	Determination of Accounts 

Each Account as of each Determination Date shall consist of the balance of all subaccounts within the Account as of the immediately
preceding Determination Date, adjusted as follows: 
 (a) New Deferrals. The appropriate subaccount of each Account shall
be increased by any deferred Fees credited since such Determination Date and any amount treated as a divided equivalent amount under Section 2.11. RSUs issued to a Participant shall be recorded in the Plan’s files but shall not be treated
as an addition to a Participant’s Account. 
 (b) Distributions. The Account shall be reduced by any benefits
distributed to the Participant since such immediately preceding Determination Date. 
 (c) Earnings. The Account shall be
increased by the Earnings on the average daily balance in the Account since such immediately preceding Determination Date. 
  

	 	4.3	Vesting of Accounts and RSUs 

 A Participant shall be one hundred percent (100%) vested at all times in the amount of Fees elected to be deferred under this Plan and Earnings thereon credited to the Participant’s Account, in
all RSUs issued to the Participant (whether through the deferral of the annual Stock Award, the deferral of the Annual Board Retainer or through the dividend equivalent mechanism described in Section 2.11). 

  
 -6-

	 	4.4	Statement of Accounts and RSUs 

 The Committee shall give to each Participant a statement showing the balances in the Participant’s Account (including all subaccounts maintained for such Account, to the extent applicable) and the
outstanding number of RSUs both on an annual basis and at such times as may be determined by the Committee. 
 ARTICLE 5

 PLAN BENEFITS 
  

	 	5.1	Benefits Upon Termination/Separation from Service 

 If a Deferral Commitment has specified that any portion of an Account shall be paid upon a specified date, payment shall be made on such date unless the Participant incurs a Separation from Service prior
to such date in which case the remaining portion of this Section 5.1 shall apply. If a Participant terminates as a Director for the Board of the Company and (with respect to any portion of a Participant’s Account which is subject to
Section 409A) incurs a Separation from Service for any reason other than death, the Company shall pay the Participant benefits equal to the full balance in the Participant’s Account and all outstanding RSUs. 

 

	 	5.2	Death Benefit 

 Upon the
death of the Participant, the Company shall pay to the Participant’s Beneficiary an amount determined as follows: 
 (a) If
the Participant dies prior to termination as a Director for the Board of the Company (including Retirement), the amount payable under this paragraph shall be in lieu of any other benefit payment under this Plan and shall equal the Participant’s
Account and all outstanding RSUs. 
 (b) If the Participant dies after termination or Retirement as a Director for the Board of
the Company, the amount payable shall be equal to the remaining unpaid balance of the Participant’s Account and all outstanding RSUs. 
  

	 	5.3	Form of Payment 

Retirement, termination and death benefits attributable to RSUs will be paid in a lump sum in the form of Shares upon the
Participant’s Separation from Service. Retirement, termination and death benefits, attributable to a Participant’s Account shall be paid in the form of benefit as provided below, specified by the Participant in the Form of Payment
Designation unless the benefit is based on a “small account” as defined in Subsection (c) below. Payments shall commence no later than sixty (60) days after all information necessary to calculate the benefit amount has been
received by the Company following the date of Retirement, termination, or death. The Form of Payment Designation selected in (a) or (b) below shall be for the entire Account. If upon termination or Retirement, the Participant’s most
recent election 

  
 -7-

 
as to the form of payment was made within one (1) year of such termination or Retirement, then the prior election shall be used to determine the form of payment. The forms of benefit payment
associated with the Account are: 
 (a) A lump-sum amount which is equal to the balance of the Account; or 

(b) Equal annual installments which are equal to the Account amortized over a period of up to five (5), ten (10), fifteen (15) or
twenty (20) years. 
 Earnings shall continue to be credited on the unpaid balance of the Account in connection with
payments made on an installment basis. In the event that a Participant dies prior to receipt of all installments payable in connection with an elected installment payment method, the Beneficiary of the remaining payments may request the Committee to
accelerate the payment of some or all of the remaining installments. The Committee may consider any such request in its sole discretion but shall not be bound to grant any such request. 

(c) Small Account. If the aggregate value of the Participant’s Account is under fifty thousand dollars ($50,000) on the Valuation
Date as defined in Section 5.4, the benefit shall be paid in a lump sum. 
 Again, with respect to distributions involving RSUs, Shares
shall be distributed in an amount equal to the number of RSUs associated with such distributions. 
  

	 	5.4	Valuation and Settlement 

The last day of the month in which the Participant terminates, or dies shall be the Valuation Date. The amount of any lump sum payment and
the initial amount of installments shall be based on the value of the Participant’s Account balance on the Valuation Date. The date on which a lump sum is paid or the date on which installments commence shall be the settlement date. The
settlement date shall be no more than sixty-five (65) days after the Valuation Date. All payments shall be made as of the first (1st) day of the month. 
  

	 	5.5	Payment to Guardian 

 If a
Plan Benefit is otherwise payable to a minor or a person declared incompetent or to a person incapable of handling the disposition of property, the Committee may direct payment to the guardian, legal representative or person having the care and
custody of such minor, incompetent or person. The Committee may require proof of incompetency, minority, incapacity or guardianship as it may deem appropriate prior to distribution. Such distribution shall completely discharge the Committee and
Company from all liability with respect to such benefit. 

  
 -8-

 ARTICLE 6 
 BENEFICIARY DESIGNATION 
  

	 	6.1	Beneficiary Designation 

Each Participant shall have the right, at any time, to designate one (1) or more persons or entities as Beneficiary (both primary as
well as secondary) to whom benefits under this Plan shall be paid in the event of Participant’s death prior to complete distribution of the Participant’s Account balance. Each Beneficiary designation shall be in a written form prescribed
by the Committee and shall be effective only when filed with the Committee during the Participant’s lifetime. 
  

	 	6.2	Changing Beneficiary 

 Any
Beneficiary designation may be changed by an unmarried Participant without the consent of the previously named Beneficiary by the filing of a new Beneficiary designation with the Committee. The filing of a new designation shall cancel all
designations previously filed. 
  

	 	6.3	No Beneficiary Designation 

If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the Beneficiary
designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the Participant’s Beneficiary shall be the person in the first of the following classes in which there is a
survivor: 
 (a) The Participant’s surviving spouse; 

(b) The Participant’s children in equal shares, except that if any of the children predeceases the Participant but leaves issue
surviving, then such issue shall take, by right of representation, the share the deceased child would have taken if living; 

(c) The Participant’s estate. 
  

	 	6.4	Effect of Payment 

Payment to the Beneficiary shall completely discharge the Company’s obligations under this Plan. 

  
 -9-

 ARTICLE 7 
 ADMINISTRATION 
  

	 	7.1	Committee; Duties 

 This
Plan shall be administered by the Committee, which shall consist of not less than three (3) persons appointed by the Board, except after a Change in Control as provided in Section 7.5 below. The Committee shall have the authority to make,
amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan and decide or resolve any and all questions, including interpretations of the Plan, as may arise in such administration. A majority vote of the
Committee members shall control any decision. Members of the Committee may be Participants under this Plan. 
  

	 	7.2	Agents 

 The Committee
may, from time to time, employ agents and delegate to them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Company. 

 

	 	7.3	Binding Effect of Decisions 

 The decision or action of the Committee with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations
promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in the Plan. 
  

	 	7.4	Indemnity of Committee 

The Company shall indemnify and hold harmless the members of the Committee against any and all claims, loss, damage, expense or liability
arising from any action or failure to act with respect to this Plan on account of such member’s service on the Committee, except in the case of gross negligence or willful misconduct. 

 

	 	7.5	Election of Committee After Change in Control 

 After a Change in Control, vacancies on the Committee shall be filled by majority vote of the remaining Committee members and Committee members may be removed only by such a vote. If no Committee members
remain, a new Committee shall be elected by majority vote of the Participants in the Plan immediately preceding such Change in Control. No amendment shall be made to Article VII or other Plan provisions regarding Committee authority with respect to
the Plan without prior approval by the Committee. 

  
 -10-

 ARTICLE 8 
 CLAIMS PROCEDURE 
  

	 	8.1	Claim 

 Any person or
entity claiming a benefit, requesting an interpretation or ruling under the Plan (hereinafter referred to as “Claimant”), or requesting information under the Plan shall present the request in writing to the Committee, which shall respond
in writing as soon as practicable. 
  

	 	8.2	Denial of Claim 

 If the
claim or request is denied, the written notice of denial shall state: 
 (a) The reasons for denial, with specific reference to
the Plan provisions on which the denial is based; 
 (b) A description of any additional material or information required and an
explanation of why it is necessary; and 
 (c) An explanation of the Plan’s claim review procedure. 

 

	 	8.3	Review of Claim 

 Any
Claimant whose claim or request is denied or who has not received a response within sixty (60) days may request a review by notice given in writing to the Committee. Such request must be made within sixty (60) days after receipt by the
Claimant of the written notice of denial, or in the event Claimant has not received a response sixty (60) days after receipt by the Committee of Claimant’s claim or request. The claim or request shall be reviewed by the Committee which
may, but shall not be required to, grant the Claimant a hearing. On review, the Claimant may have representation, examine pertinent documents, and submit issues and comments in writing. 

 

	 	8.4	Final Decision 

 The
decision on review shall normally be made within sixty (60) days after the Committee’s receipt of Claimant’s claim or request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be
notified and the time limit shall be one hundred twenty (120) days. The decision shall be in writing and shall state the reasons and the relevant Plan provisions. All decisions on review shall be final and bind all parties concerned.

  
 -11-

 ARTICLE 9 
 AMENDMENT AND TERMINATION OF PLAN 
  

	 	9.1	Amendment 

 The Board may
at any time amend the Plan by written instrument, notice of which is given to all Participants and to Beneficiaries receiving installment payments, subject to the following: 
 (a) Preservation of Account Balance. No amendment shall reduce the amount accrued in any Account or the outstanding amount of any RSUs to the date such notice of the amendment is given. 

(b) Changes in Earnings Rate. No amendment shall reduce, either prospectively or retroactively, the rate of Earnings to be credited to
the amount already accrued in a Participant’s Account and any Fees or other additions to be credited to the Account under Deferral Commitments already in effect on that date. 

The Board may also effectuate an amendment to the Plan through a written Board resolution which shall be viewed as part of this Plan. If
such resolution applies to fewer then all Participants and Beneficiaries, then only those Participants and Beneficiaries who are directly affected by such resolution need be given notice of such resolution. 

 

	 	9.2	Company’s Right to Terminate 

 The Board may at any time partially or completely terminate the Plan if, in its judgment, the tax, accounting or other effects of the continuance of the Plan, or potential payments thereunder would not be
in the best interests of Company. 
 (a) Partial Termination. The Board may partially terminate the Plan by instructing the
Committee not to accept any additional Deferral Commitments. If such a partial termination occurs, the Plan shall continue to operate and be effective with regard to Deferral Commitments entered into prior to the effective date of such partial
termination. 
 (b) Complete Termination. The Board may completely terminate the Plan by instructing the Committee not to accept
any additional Deferral Commitments, and by terminating all ongoing Deferral Commitments. In the event of complete termination, the Plan shall cease to operate and Company shall pay out each Account and convert all RSUs into Shares. Payment of an
Account shall be made as a lump sum or in equal monthly installments, based on the Account balance, provided, however, that in the event of a complete termination of the Plan subsequent to a Change in Control, payment of the entire Account in a lump
sum will be made no more than thirty (30) days subsequent to the effective date of such complete termination. Notwithstanding the above, the payment of any portion of an Account which is subject to Section 409A and the conversion of RSUs
into Shares may not be accelerated except in compliance with the provisions of Treas. Reg. Section 1.409A-3(j)(4)(ix) or such other events 

  
 -12-

 
and conditions which may be permitted in generally applicable guidelines published in the Internal Revenue Bulletin. The Board reserves any discretion to distribute benefits in accordance with
the requirements of such regulations and/or such guidelines 
 Earnings shall continue to be credited on the unpaid balance in
each Account. 
 ARTICLE 10 
 MISCELLANEOUS 
  

	 	10.1	Unfunded Plan 

 This Plan
is an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of “management or highly-compensated employees” within the meaning. of Sections 201, 301 and 401 of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), and therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA. Accordingly, the Board may terminate the Plan and make no further benefit payments or remove certain employees
as Participants if it is determined by the United States Department of Labor, a court of competent jurisdiction, or an opinion of counsel that the Plan constitutes an employee pension benefit plan within the meaning of Section 3(2) of ERISA (as
currently in effect or hereafter amended) which is not so exempt. 
  

	 	10.2	Company Obligation 

 The
obligation to make benefit payments to any Participant under the Plan shall be an obligation solely of the Company. 
  

	 	10.3	Unsecured General Creditor 

Except as provided in Section 10.4, Participants and Beneficiaries shall be unsecured general creditors, with no secured or
preferential right to any assets of Company or any other party for payment of benefits under this Plan. Any property held by Company for the purpose of generating the cash flow for benefit payments shall remain its general, unpledged and
unrestricted assets. Company’s obligation under the Plan shall be an unfunded and unsecured promise to pay money in the future. 
  

	 	10.4	Trust Fund 

 Company shall
be responsible for the payment of all benefits provided under the Plan. At its discretion, Company may establish one (1) or more Trusts, with such Trustees as the Board may approve, for the purpose of providing for the payment of such benefits.
Although such a Trust shall be irrevocable, its assets shall be held for payment of all of Company’s general creditors in the event of insolvency. To the extent any benefits provided under the Plan are paid from any such Trust, Company shall
have no further obligation to pay them. If not paid from the Trust, such benefits shall remain the obligation of Company. 

  
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	 	10.5	Nonassignability 

 Neither
a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or
any part thereof, which are, and all rights to which are, expressly declared to be unassignable and non-transferable. No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts,
judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency. 

 

	 	10.6	Not a Contract of Employment 

 This Plan shall not constitute a contract of employment between Company and the Participant. Nothing in this Plan shall give a Participant the right to be retained in the service of Company or to
interfere with the right of Company to discipline or discharge a Participant at any time. 
  

	 	10.7	Protective Provisions 

 A
Participant will cooperate with Company by furnishing any and all information requested by Company, in order to facilitate the payment of benefits hereunder, and by taking such physical examinations as Company may deem necessary and taking such
other action as may be requested by Company. 
  

	 	10.8	Governing Law 

 The
provisions of this Plan shall be construed and interpreted according to the laws of the State of Maryland, except as preempted by federal law. 
  

	 	10.9	Validity 

 If any
provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been
inserted herein. 
  

	 	10.10	Notice 

 Any notice
required or permitted under the Plan shall be sufficient if in writing and hand delivered or sent by registered or certified mail. 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 on the receipt for registration or certification. Mailed notice to the Committee shall be directed to the Company’s address. Mailed notice to a Participant or Beneficiary shall be directed to the individual’s last known
address in Company’s records. 
  

	 	10.11	Successors 

 The
provisions of this Plan shall bind and inure to the benefit of Company and its 

  
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successors and assigns. The term successors as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or
substantially all of the business and assets of Company, and successors of any such corporation or other business entity. 
  

	 	10.12	Section 409A of the Code 

 To the extent that such requirements are applicable, the Plan is intended to comply with the requirements of Section 409A and shall be interpreted and administered in accordance with that intent. If
any provision of the Plan would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict. The nature of any such amendment shall be determined by the Board. Notwithstanding
the above, if the Participant qualifies as a “specified employee,” as defined in Treas. Reg. Section 1.409A-1(i), incurs a Separation from Service for any reason other than death and becomes entitled to a distribution under the Plan,
then to the extent required by Section 409A, no distribution otherwise payable to the Participant during the first six (6) months after the date of such Separation from Service, shall be paid to the Participant until the date which is one
day after the date which is six (6) months after the date of such separation from service (or, if earlier, the date of the Participant’s death). 

 

			
	WASHINGTON REAL ESTATE
	INVESTMENT TRUST
		
	By:	 	 /s/ Laura M. Franklin

		 	Its
		
	Dated:	 	 October 27, 2010

  
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