Document:

exv10w1

Exhibit 10.1

FIRST POTOMAC REALTY TRUST

RESTRICTED STOCK AGREEMENT

          This RESTRICTED STOCK AGREEMENT, is entered into as of May 22, 2008 (the “Agreement”), by and
between, First Potomac Realty Trust, a Maryland real estate investment trust (the “Company”), and
NAME (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall
have the respective meanings set forth in the First Potomac Realty Trust 2003 Equity Compensation
Plan (the “Plan”).

          WHEREAS, on May 22, 2008 (the “Date of Grant”), the Compensation Committee (the “Committee”)
of the Board of Trustees (the “Board”) of the Company granted the Recipient a Restricted Stock
Award, pursuant to which the Recipient shall receive shares of the Company’s Class A Common Stock,
par value $.01 per share (“Common Stock”), pursuant to and subject to the terms and conditions of
the Plan.

          NOW, THEREFORE, in consideration of the Recipient’s services to the Company and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

          1. Number of Shares; Restrictions. The Company hereby grants the Recipient a
Restricted Stock Award (the “Stock Award”) of 2,500 shares of restricted Common Stock (the
“Restricted Shares”) pursuant to the terms of this Agreement and the provisions of the Plan. The
Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise
disposed of and shall be subject to a risk of forfeiture until the lapse of the Restricted Period,
as defined in Section 2 below.

          2. Lapse of Restrictions; Restricted Period. The restrictions set forth in Section 1
above shall lapse and all of the Restricted Shares shall become unrestricted and freely tradable
May 22, 2009, if Recipient is a member of the board of trustees of the Company or any of its
affiliates.

          3. Change of Control. The provisions of the Plan applicable to a Change of Control
shall apply to the Restricted Stock, and in the event of a Change of Control, the Committee may
take such actions as it deems appropriate pursuant to the Plan. Notwithstanding the preceding
sentence, if a Change of Control occurs, all of the Restricted Stock shall become immediately
unrestricted and freely transferable by the Recipient on the date of the Change of Control.

 

 

          4. Rights of Stockholder. From and after the Date of Grant and for so long as the
Restricted Stock is held by or for the benefit of the Recipient, the Recipient shall have all the
rights of a stockholder of the Company with respect to the Restricted Stock, including but not
limited to the right to receive dividends and the right to vote such Restricted Stock. Dividends
paid on Restricted Stock shall be paid at the dividend payment date for the Common Stock in cash or
shares of Common Stock. Stock distributed in connection with a Common Stock split or Common Stock
dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the
Restricted Stock with respect to which such Common Stock has been distributed.

          5. Termination of Membership on Board of Trustees. In the event that Recipient ceases
to be a member of the Board of Trustees of the Company (the “Board”) for any reason prior to the
lapse of the Restricted Period, then the Restricted Stock and any accrued but unpaid dividends that
are at that time subject to restrictions set forth herein shall be forfeited to the Company without
payment of any consideration by the Company, and neither the Recipient or any of his or her
successors, heirs, assigns, or personal representatives shall thereafter have any further rights or
interests in such shares of Restricted Stock or certificates.

          6. Miscellaneous.

          (a) Entire Agreement. This Agreement and the Plan contain the entire understanding
and agreement of the Company and the Recipient concerning the subject matter hereof, and
supersede all earlier negotiations and understandings, written or oral, between the parties with
respect thereto.

          (b) Conflicting Provisions. This Agreement is made under and subject to the
provisions of the Plan, and all of the provisions of the Plan are hereby incorporated by reference
into this Agreement. In the event of any conflict between the provisions of this Agreement and the
provisions of the Plan, the provisions of the Plan shall govern. By signing this Agreement, the
Recipient confirms that he or she has received a copy of the Plan and has had an opportunity to
review the contents thereof.

          (c) No Guarantee of Continued Membership on Board. The Recipient acknowledges and
agrees that nothing herein shall be deemed to create any implication concerning the adequacy of
the Recipient’s services to the Company or any of its subsidiaries or shall be construed as an
agreement by the Company or any of its subsidiaries, express or implied with respect to
Recipient’s continued membership on the Board.

          (d) Assignment and Transfer. Except as the Committee may otherwise permit pursuant to
the Plan, the rights and interests of the Recipient under this Agreement may not be sold, assigned,
encumbered, pledged, or otherwise transferred except in the event of the death of the Recipient, by
will or by the laws of descent and distribution. In the event of any attempt by the Recipient to
sell, assign, encumber, pledge or otherwise transfer its rights and interests hereunder, except as
provided in this Agreement, or in the event of the levy or any attachment, execution or similar
process upon the rights or interests hereby conferred, the Company may terminate the Restricted
Shares by notice to the Recipient, and the Restricted Stock and all rights hereunder shall
thereupon become null and void. The rights and protections of the Company hereunder shall extend
to any successors or assigns of the Company. This Agreement may be assigned by the Company without
the Recipient’s consent.

 

 

          (e) Captions. The captions and section numbers appearing in this Agreement are
inserted only as a matter of convenience. They do not define, limit, construe or describe the
scope or intent of the provisions of this Agreement.

          (f) Counterparts. This Agreement may be executed in counterparts, each of which
when signed by the Company or the Recipient will be deemed an original and all of which together
will be deemed the same agreement.

          (g) Notices. Any notice to the Company provided for in this Agreement shall be
addressed to the Company in care of the General Counsel at the headquarters of the Company, and
any notice to the Recipient shall be addressed to the Recipient at his current home address shown
on the records of the Company, or such other address as the Recipient may designate to the Company
in writing pursuant to the procedures of this Section 6(g). Any notice shall be given by personal
delivery, by first class U.S. Mail, or by facsimile.

          (h) Amendments. Subject to the provisions of the Plan, this Agreement may be amended
or modified at any time by an instrument in writing signed by the parties hereto.

          (i) Governing Law. This Agreement and the rights of all persons claiming hereunder
will be construed and determined in accordance with the laws of the State of Maryland without
giving effect to the choice of law principles thereof.

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

	 	 	 	 	 	 	 	 	 
	 	 	 	 	FIRST POTOMAC REALTY TRUST	 	 
	 
	 	 	 	 	 	 	 	 
	Attest:
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 

          NAME
	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	RECIPIENT	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	NAMEexv10w38

Exhibit 10.38

Genitope Corporation

Performance Incentive Plan

1. Introduction.

     The Genitope Corporation Performance Incentive Plan (the “Plan”) was established effective
April 1, 2008 (the “Effective Date”). The purpose of the Plan is to incentivize and reward key
employees of Genitope Corporation (the “Company”) for remaining employed with the Company and
achieving targeted business objectives critical to the preservation and maximization of the
Company’s value.

2. Benefits and Requirements.

     Employees invited by the Board of Directors or a member thereof to participate in the Plan
(“Eligible Employees”) will be eligible to receive incentive benefits on the terms set forth below.

     2.1 Notice Period/Objectives.

     On or prior to the Effective Date, Eligible Employees were given 60-days’ advance notice of
their termination of employment pursuant to the federal Worker Adjustment and Retraining
Notification Act (the “WARN Act”) and analogous state law provisions (the “Notice Period”).

     Shortly after the commencement of the Notice Period, each Eligible Employee will be issued
specific written performance objectives for such Eligible Employee to achieve during the Notice
Period (the “Objectives”). The Objectives include short-term tasks and other deliverables critical
to protecting the Company’s assets and maximizing its overall value to the creditors and
stockholders of the Company.

     2.2 Benefits.

     If an Eligible Employee achieves the Objectives during the longer of the Notice Period or the
period during which an Eligible Employee remains an employee of the Company (as determined by the
Board of Directors of the Company in its reasonable, good faith assessment), the Eligible Employee
shall receive, subject to Section 2.3 hereof, the following benefits (collectively, the “Incentive
Benefits”): (A) a lump sum payment equal to three (3) months of the Eligible Employee’s base
salary as of the Effective Date, less applicable payroll withholdings and deductions; and (B)
either (i) Company-paid COBRA premiums sufficient to maintain the employee’s current level of
health (i.e., medical, dental and vision) insurance coverage (including coverage for any covered
spouse, domestic partner or other dependent) for three (3) months after the employee’s employment
terminates (the “COBRA Premiums”) or (ii) if the Eligible Employee is not eligible for
COBRA coverage, or the Company’s election, a cash payment equal to the amount of the COBRA
Premiums, less applicable payroll withholdings and deductions (the “Additional Cash Payment”). To
receive the COBRA Premiums, in addition to all other requirements under the Plan, the Eligible
Employee must be enrolled in one or more of

 

 

the Company’s group health insurance plans as of the Effective Date and, after termination of
employment, must timely elect to continue such coverage pursuant to the governing COBRA laws.

     2.3 Release Requirement.

     As a precondition to receiving any Incentive Benefits, the Eligible Employee must sign a
release of claims in the substantially the form attached hereto as Exhibit A (the “Release
Agreement”) and allow the Release Agreement to become effective by its terms. All cash Incentive
Benefits will be paid to the Eligible Employee within three (3) business days after the Release
Agreement becomes effective (which shall be the eighth day after it is signed by the Eligible
Employee).

     2.4 Early Completion.

     Objectives are to be taken on aggressively and accomplished as soon as reasonably practicable.
To motivate Eligible Employees to do so, Incentive Benefits will become available to each Eligible
Employee promptly following a determination by the Board of Directors of the Company in its
reasonable, good faith assessment that such Eligible Employee has completed his/her Objectives.
Accordingly, if the Board of Directors determines that an Eligible Employee has achieved his/her
Objectives within the first 30 days of the Notice Period, the employee will be given the Release to
execute and will be paid the Incentive Benefits within three (3) business days after the Release
becomes effective. Thereafter, such Eligible Employee will receive only his/her base salary and
benefits (or pay in lieu thereof) for the remainder of the Notice Period (to the extent required by
the WARN Act and/or other applicable laws) or until such earlier date on which the employee elects
to resign his/her employment.

     To the extent not previously assessed, the Board of Directors will assess whether each
Eligible Employee has achieved his/her Objectives promptly following termination of the Notice
Period. If the Board of Directors determines that an Eligible Employee has achieved his/her
Objectives, the employee will be given the Release to execute and will be paid the Incentive
Benefits within three (3) business days after the Release becomes effective. Thereafter, such
Eligible Employee will receive only his/her base salary and benefits (or pay in lieu thereof) until
such date on which the employee elects to resign his/her employment or the employee’s employment is
terminated by the Company.

     If the Board of Directors determines that an Eligible Employee has not achieved his/her
Objectives during the Notice Period but such employee continues to be an employee of the Company
thereafter, the Board of Directors will assess whether such Eligible Employee has achieved his/her
Objectives no later than promptly following termination of his/her employment. If the Board of
Directors determines that the Eligible Employee has achieved his/her Objectives, the employee will
be given the Release to execute and will be paid the Incentive Benefits within three (3) business
days after the Release becomes effective.

3. Directors’ and Officers’ Liability Insurance.

     The Company will maintain directors’ and officers’ liability insurance or “tail” coverage at
coverage levels and on other terms that are reasonable in light of the Company’s

 

 

circumstances, as such coverage, levels and terms are determined by the Board of Directors of
the Company in its sole discretion.

4. No Other Bonus, Incentive or Severance Pay Entitlements.

     This Plan supersedes and replaces in their entirety all other plans, policies, programs,
practices or agreements made or maintained by the Company (in writing, orally or implied by a
course of conduct) relating to or concerning bonus, incentive or severance pay, including but not
limited to, the 2007 Genitope Corporation Annual Incentive Bonus Plan, and all individual
agreements, arrangements, plans, promises or representations, oral or written, concerning bonus,
incentive or severance pay. Each Eligible Employee participating in the Plan therefore
acknowledges and agrees that, as of the Effective Date: (a) he/she will not receive any bonus,
incentive, or severance pay from the Company other than as provided under this Plan; (b) he/she
has no bonus, incentive, or severance rights or entitlements other than those set forth in this
Plan; and (c) in the extent that an Eligible Employee had (or claims to have had) any pre-existing
promise or agreement with respect to the payment of bonus, incentive, or severance compensation,
all rights with respect to such claims, promises and agreements are waived in exchange for the
benefits available under the Plan; provided, however, that the foregoing acknowledgement and
agreement shall be void and of no effect in the event that the Company breaches or fails to perform
its obligations under this Plan with respect to such Eligible Employee and as provided in Section 5
below. For avoidance of doubt, nothing in this Plan shall override, modify or amend the Company’s
equity incentive plans.

5. Bankruptcy-Related Risks.

     As of the Effective Date, the Company faces serious business and financial challenges, which
could force the Company to file for bankruptcy protection at some time in the future. The Company
cannot predict what impact a bankruptcy filing would have on this Plan or on Eligible Employees’
rights to receive or retain Incentive Benefits provided hereunder. If a bankruptcy were filed,
Incentive Benefits payable under this Plan could be stopped and a bankruptcy estate representative
may attempt to recover amounts already paid. Accordingly, the Company cannot make any
representation, guarantee or warranty about the impact a bankruptcy filing would have on this Plan.
Eligible Employees should seek independent advice about such matters. An Eligible Employee’s
acknowledgement and agreement in Section 4 hereof shall be void and of no effect in the event that
the Company becomes subject to bankruptcy protection and, in connection therewith, fails to perform
its obligations under this Plan with respect to such Eligible Employee or Incentive Benefits paid
under this Plan are recovered by a bankruptcy estate representative.

6. Amendment.

     The Company reserves the right to amend or terminate this Plan or the benefits provided
hereunder at any time; provided, however, that no amendment that adversely impacts
an Eligible Employee’s rights or entitlements shall be effective unless agreed to in a writing
signed by the Eligible Employee.

7. No Implied Employment Contract.

 

 

     This Plan shall not be deemed (i) to give any employee the right to be retained in the employ
of the Company or (ii) to interfere with the right of the Company to discharge any employee at any
time, with or without cause.

8. Entire Agreement. 

     This Plan, together with Exhibit A and each Eligible Employee’s written Objectives
(collectively, the “Incentive Agreement”), constitutes the complete, final and exclusive embodiment
of the entire agreement between the Company and such Eligible Employee with respect to bonus,
incentive or severance pay or benefits, and the Incentive Agreement supersedes and replaces any
prior agreement, arrangement, plan, promise or representation, written or oral, regarding such
matters. This Plan will be construed, administered and enforced in accordance with the laws of the
State of California. If any provision of this Plan is determined to be invalid or unenforceable,
in whole or in part, this determination will not affect any other provision of this Agreement and
the provision in question will be modified so as to be rendered enforceable to the extent allowed
by law.

       This Plan will become effective as to an Eligible Employee upon delivery to the
Company of the Eligible Employee’s signature hereto on or prior to April 8, 2008.

	 	 	 	 	 
	 	Genitope Corporation

 	 
	 	By:  	/s/ Gregory Ennis
 	 
	 	 	 	 
	 	 	Title:  	Director 	 
	 

Acceptance:

I understand and agree to the terms set forth above.

	 	 	 	 
	Eligible Employee’s Name:

	 	 	 
	 	 	 	 
	Signature:

	 	 	 
	 	 	 	 
	Date:

	 	 	 

 

 

Exhibit A

RELEASE AGREEMENT

     I understand and agree completely to the terms set forth in the Genitope Corporation
Performance Incentive Benefit Plan (the “Plan”).

     I understand that this Release Agreement (the “Release”), together with the Plan, constitutes
the complete, final and exclusive embodiment of the entire agreement between Genitope Corporation
(the “Company”) and me with regard to the subject matter hereof. I am not relying on any promise
or representation by the Company that is not expressly stated therein. Certain capitalized terms
used in this Release are defined in the Plan.

     In exchange for the payment of Incentive Benefits in cash or available funds and other
consideration to be provided to me pursuant to the Plan, I hereby generally and completely release
the Company and its current and former directors, officers, employees, shareholders, partners,
agents, attorneys, predecessors, successors, parent and subsidiary entities, insurers, affiliates,
and assigns from any and all claims, liabilities and obligations, both known and unknown, that
arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my
signing this Release. This general release includes, but is not limited to: (a) all claims arising
out of or in any way related to my employment with the Company or the termination of that
employment; (b) all claims related to my compensation or benefits from the Company, including
claims for salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay,
fringe benefits, stock, stock options, or any other ownership interests in the Company; (c) all
claims for breach of contract or and breach of the implied covenant of good faith and fair dealing;
(d) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in
violation of public policy; and (e) all federal, state, and local statutory claims, including
claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under
the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of
1990, and the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”).
Notwithstanding the foregoing, I am not releasing the Company hereby from any obligation to
indemnify me pursuant to the Certificate of Incorporation or Bylaws of the Company, any valid
indemnification agreement with the Company, applicable law or applicable directors’ and officers’
liability insurance. Also excluded from this Release are claims for salary, accrued and unused PTO
and expense reimbursements that become due and payable to me in the ordinary course of my
employment or the termination thereof after the execution of this Release. Further, nothing in
this Release shall prevent me from filing, cooperating with, or participating in any proceeding
before the Equal Employment Opportunity Commission, the Department of Labor, or any local fair
employment practices agency, except that I hereby acknowledge and agree that I shall not recover
any monetary benefits in connection with any such proceeding. I also acknowledge that, as of the
date I sign this Release, I have received all leaves of absence and leave benefits and protections
for which I am eligible, and have not suffered any on-the-job injury for which I have not already
filed a claim.

 

 

     I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have
under the ADEA (“ADEA Waiver”). I also acknowledge that the consideration given for the ADEA
Waiver is in addition to anything of value to which I was already entitled. I further acknowledge
that I have been advised by this writing, as required by the ADEA, that: (a) my ADEA Waiver does
not apply to any rights or claims that arise after the date I sign this Release; (b) I should
consult with an attorney prior to signing this Release; (c) I have twenty-one (21) days to consider
this Release (although I may choose to voluntarily sign it sooner); (d) I have seven (7) days
following the date I sign this Release to revoke the ADEA Waiver; and (e) the ADEA Waiver will not
be effective until the date upon which the revocation period has expired unexercised, which will be
the eighth day after I sign this Release.

     I acknowledge that I have read and understand Section 1542 of the California Civil Code which
reads as follows: “A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which if known by him or
her must have materially affected his or her settlement with the debtor.” I hereby expressly waive
and relinquish all rights and benefits under that section and any law of any jurisdiction of
similar effect with respect to my release of any claims hereunder.

     I acknowledge that to become effective, I must sign and return this Release to the Company so
that it is received not later than twenty-one (21) days following the date it is provided to me.

	 	 	 	 
	 	Signature:

	 	 
	 	 	 	 
	 	Print Name:

	 	 
	 	 	 	 
	 	Date:

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