Document:

EXHIBIT 10.29

 Exhibit 10.29 
  
 Bonus Award 
  
 FEDERAL REALTY INVESTMENT TRUST 
 RESTRICTED SHARE AWARD AGREEMENT 
 (Award in connection with
             bonus under the Federal Realty Investment Trust 
                  - Incentive Bonus Plan) 
  
                     , 200  

  
 The parties to this Restricted Share Award Agreement (this
“Agreement”) are Federal Realty Investment Trust, a Maryland real estate investment trust (the “Trust”), and
                            , an individual employee of the Trust (the “Key
Employee”). 
  
 The Board of Trustees of the Trust (the
“Board of Trustees”) has authorized the award by the Trust to the Key Employee, under the Trust’s 2001 Long-Term Incentive Plan (the “Plan”) of a Restricted Share Award for a certain number of shares of beneficial interest
of the Trust (the “Shares”), subject to certain restrictions and covenants on the part of Key Employee. The parties hereto desire to set forth in this Agreement their respective rights and obligations with respect to such Shares.

  
 Capitalized terms used in this Agreement, unless otherwise
defined herein, have the respective meanings given to such terms in the Plan. The terms of the Plan are incorporated by reference as if set forth herein in their entirety. To the extent this Restricted Share Award Agreement is in any way
inconsistent with the Plan, the terms and provisions of the Plan shall prevail. 
  
 In consideration of the covenants set forth in this Agreement, and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 1. Award of Restricted Shares. 
  
 (a) The Trust hereby confirms the grant to the Key Employee, as of
                        , 200   (the “Grant Date”), of
                                    
(        ) Shares (the “Restricted Shares”), subject to the restrictions and other terms and conditions set forth herein and in the Plan. 
  
 (b) On or as soon as practicable after the Grant Date, the
Trust shall cause one or more stock certificates representing the Restricted Shares to be registered in the name of the Key Employee. Such stock certificate or certificates shall be subject to such stop-transfer orders and other restrictions as the
Board of Trustees or any committee thereof may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares are listed and any applicable federal or state
securities law, and the Trust may cause a legend or legends to be placed on such certificate or certificates to make appropriate reference to such restrictions. 
  

 The certificate or certificates representing the Restricted Shares shall be held in custody by the Chief
Financial Officer of the Trust until the Restricted Period (as hereinafter defined in Paragraph 3) with respect thereto shall have lapsed. Simultaneously with the execution and delivery of this Agreement, the Key Employee shall deliver to the Trust
one or more undated stock powers endorsed in blank relating to the Restricted Shares. The Trust shall deliver or cause to be delivered to the Key Employee or, in the case of the Key Employee’s death, to the Key Employee’s beneficiary, one
or more stock certificates for the appropriate number of Shares, free of all such restrictions, as to which the restrictions shall have expired. Upon forfeiture, in accordance with Paragraph 4, of all or any portion of the Restricted Shares, the
certificate or certificates representing the forfeited Restricted Shares shall be canceled. 
  
 2. Restrictions Applicable to Restricted Shares. 
  
 (a) Beginning on the Grant Date, the Key Employee shall have all rights and privileges of a stockholder with respect to the Restricted
Shares, except that the following restrictions shall apply: 
  
 (i) none of the Restricted Shares may be assigned or transferred (other than by will or the laws of descent and distribution, or in the Committee’s discretion, pursuant to a domestic relations order within the
meaning of Rule 16a-12 of the Securities Exchange Act of 1934, as amended) during the Restricted Period (as hereinafter defined in Paragraph 3); 
  
 (ii) all or a portion of the Restricted Shares may be forfeited in accordance with Paragraph 4; and 
  
 (iii) any Shares distributed as a dividend or otherwise with
respect to any Restricted Shares as to which the restrictions have not yet lapsed shall be subject to the same restrictions as such Restricted Shares and shall be represented by book entry and held in the same manner as the Restricted Shares with
respect to which they were distributed. 
  
 (b)
Any attempt to dispose of Restricted Shares in a manner contrary to the restrictions set forth in this Agreement shall be null, void and ineffective. As the restrictions set forth in this Paragraph 2 hereof lapse in accordance with the terms of this
Agreement as to all or a portion of the Restricted Shares, such shares shall no longer be considered Restricted Shares for purposes of this Agreement. 
  

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 3. Restricted Period. 
  
 (a) The restrictions set forth in Paragraph 2 shall apply for a period (the “Restricted Period”)
from the Grant Date until such Restricted Period lapses as follows: 
  
 (i) with respect to
                                        
     (        ) Restricted Shares, the Restricted Period shall lapse on
                                , 200  ; 
  
 (ii) with respect to an additional
                                        
     (        ) Restricted Shares, the Restricted Period shall lapse on
                                , 200  ; and 
  
 (iii) with respect to the remaining
                                        
     (        ) Restricted Shares, the Restricted Period shall lapse on
                                , 200  ; 
  
 provided, however, that the Restricted Period for any particular Restricted Shares shall not
lapse on the date set forth above unless the Key Employee has tendered to the Trust, on or before that date, the amount of any state and federal withholding tax obligation which will be imposed on the Trust by reason of the lapsing of the Restricted
Period for such Restricted Shares on that date. 
  
 (b) Notwithstanding the foregoing and subject to the proviso below, the Restricted Period shall lapse as follows: 
  
 (i) as to all Restricted Shares in the event of the death or Disability of the Key Employee; 
  
 (ii) as to: (A) 50% of the then unvested Restricted Shares
in the event of the Key Employee’s retirement on or after the Key Employee reaches the age of 58 but before the Key Employee reaches the age of 62; (B) 75% of the then unvested Restricted Shares in the event of the Key Employee’s
retirement on or after the Key Employee reaches the age of 62 but before the Key Employee reaches the age of 65; and (C) all of the Restricted Shares in the event of the Key Employee’s retirement on or after the Key Employee reaches the age of
65; 
  
 (iii) as to all Restricted Shares in the
event that the Key Employee is discharged by the Trust without Cause as defined in the Plan; 
  
 provided in any case that the Key Employee or his legal representative shall first tender, within ninety (90) days after the death, Disability or discharge without Cause, the amount of any state and federal
withholding tax obligation which will be imposed on the Trust by reason of the lapsing of the Restricted Period for such Restricted Shares. For purposes of this Agreement, “Normal Retirement Date” means the date on which the Key Employee
terminates active employment with the Trust on or after attainment of age 65, but does not include termination of the Key Employee’s employment by the Trust for Cause, and “Other Retirement Date” means the date, on or after the Key
Employee’s attainment of 

  

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age 55 but earlier than the Key Employee’s Normal Retirement Date, which is specifically approved and designated in writing by the Committee to be the
date upon which the Key Employee retires for purposes of the Plan. 
  
 (c) Also notwithstanding the foregoing, the Restricted Period shall lapse as to all Restricted Shares if the Key Employee shall incur an Involuntary Termination (as defined in the Plan) during the one year period
commencing with the occurrence of a Change in Control, and in such event, the Trust shall deliver or cause to be delivered to the Key Employee within ten (10) business days after the Involuntary Termination one or more stock certificates
representing those Shares as to which the Restricted Period shall have lapsed, provided that the Key Employee shall first tender the amount of any state and federal withholding tax obligation which will be imposed on the Trust by reason of the
lapsing of the Restricted Period for such Restricted Shares. 
  
 4. Forfeiture. If there is a termination of the Key Employee’s Service with the Trust for any reason, then all rights of the Key Employee to any and all then-remaining Restricted Shares, after giving
application to Paragraphs 3(a), (b), and 3(c), shall terminate and be forfeited. In addition, in the event the Key Employee or his legal representative fails to tender to the Trust any required tax withholding amount in accordance with Paragraphs
3(a), 3(b), or 3(c) above by the date specified therein, then the Trust shall retain a portion of the Restricted Shares sufficient to meet its tax withholding obligation. 
  
 5. Assignment. This Agreement shall be binding upon and inure to the benefit of the heirs and
representatives of the Key Employee and the assigns and successors of the Trust, but neither this Agreement nor any rights hereunder shall be assignable or otherwise subject to hypothecation by the Key Employee. 
  
 6. Entire Agreement; Amendment. This Agreement
constitutes the entire agreement of the parties with respect to the subject matter hereof and shall supersede all prior agreements and understandings, oral or written, between the parties with respect thereto. This Agreement may be amended at any
time by written agreement of the parties hereto. 
  
 7.
Governing Law. This Agreement and its validity, interpretation, performance and enforcement shall be governed by the laws of the State of Maryland other than the conflict of laws provisions of such laws, and shall be
construed in accordance therewith. 
  
 8.
Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement not so held invalid, and each such other provision shall to the full
extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the rest of such provision not held so invalid, and 

  

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the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and
effect. 
  
 9. Continued Employment.
This Agreement shall not confer upon the Key Employee any right with respect to continuance of employment by the Trust. 
  
 10. Certain References. References to the Key Employee in any provision of this Agreement under circumstances where the
provision should logically be construed to apply to the Key Employee’s executors or the administrators, or the person or persons to whom all or any portion of the Restricted Shares may be transferred by will or the laws of descent and
distribution, shall be deemed to include such person or persons. 
  
 11. Section 83(b) Election. The Key Employee acknowledges that it is the Key Employee’s sole responsibility, and not the Trust’s, to file a timely election under section 83(b) of the Internal Revenue Code, of 1986,
as amended. The Key Employee acknowledges that he or she is relying on his or her own advisors with respect to the decision as to whether or not to file any section 83(b) election. 
  

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 IN WITNESS WHEREOF, the
Trust has caused this Agreement to be duly executed and the Key Employee has hereunto set his hand effective as of the day and year first above written. 
  

									
	 	 	 	 	 	 	FEDERAL REALTY INVESTMENT TRUST
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 Chairman, Compensation Committee

			
	 WITNESS:
	 	 	 	 KEY EMPLOYEE

			
	 	 	 	 	 

  

 6EXHIBIT 10.30

 Exhibit 10.30 
  
 Current Employees 
  
 FEDERAL REALTY INVESTMENT TRUST 
 COMBINED INCENTIVE AND NON-QUALIFIED STOCK OPTION 
 AGREEMENT FOR EMPLOYEES 
  
 AGREEMENT (“Agreement”) dated this
             day of                     , 200  , by and
between FEDERAL REALTY INVESTMENT TRUST, a Maryland real estate investment trust (“Trust”), and
                            , an employee of the Trust (“Optionee”). 
  
 WHEREAS, the Trust desires to have Optionee continue in its employ and to
provide Optionee with an incentive by sharing in the success of the Trust; 
  
 WHEREAS, in order to provide such an incentive to its key employees, the Trust has adopted the Federal Realty Investment Trust 2001 Long-Term Incentive Plan (“Plan”); 
  
 WHEREAS, the Trust desires to grant, as set forth herein, to Optionee under
the Plan (1) options that qualify as “Incentive Stock Options” within the meaning of Section 422 or any successor provision of the Internal Revenue Code of 1986, as amended (“Code”), and/or (2) options not intended to qualify as
Incentive Stock Options (“Non-Qualified Stock Options”); and 
  
 WHEREAS, unless otherwise provided herein, capitalized terms used in this Agreement shall have the meaning given them in the Plan; 
  
 NOW, THEREFORE, in consideration of the mutual covenants and representations herein contained and intending to be legally bound, the parties hereto agree
as follows: 
  
 1. Number of Shares and
Price. The Trust hereby grants to the Optionee an option (“Option”) to purchase the number of Shares set forth on the last page of this Agreement. The exercise price per Share of the Option shall be as is set forth on the
last page of this Agreement, such price being the Fair Market Value per Share on the Grant Date of the Option. The portion of the Option indicated on the last page of this Agreement as an Incentive Stock Option is intended to be an Incentive Stock
Option; provided, however, that to the extent, but only to the extent, that the provisions of this Agreement or the nature of any actions taken by the Optionee are inconsistent with the treatment of such portion of the Option as an
Incentive Stock Option, such portion of the Option shall be deemed a Non-Qualified Stock Option. The other portion of the Option indicated on the last page of this Agreement is a Non-Qualified Stock Option. 
  

 2. Term and Exercise. The Option shall expire ten (10) years from the Grant
Date, subject to earlier termination as set forth in Section 4. Subject to the provisions of Sections 3 and 4, the Option shall become exercisable in installments as set forth on the last page of this Agreement. 
  
 3. Change in Control. If the Optionee incurs an
Involuntary Termination within the one year period commencing with a Change in Control, the Option, to the extent it is outstanding and unexercised on the date of such Involuntary Termination shall become immediately and fully exercisable for the
period indicated in Section 4(a)(i) below. The provisions of this Section 3 shall not be applicable to the Option if such Change in Control results from the Optionee’s beneficial ownership (within the meaning of Rule 13d-3 under the Exchange
Act) of Shares or Trust Voting Securities. 
  
 4.
Exercise of Option Upon Termination of Service. 
  
 (a) Exercise of Vested Option Upon Termination of Service. 
  
 (i) Termination of Service. Upon the Optionee’s Termination of Service other than by reason of death, Disability, retirement
on or after the Optionee’s Normal Retirement Date or Other Retirement Date, or Involuntary Termination within the one year period commencing with a Change in Control the Optionee may, within [three months] [one year in the case of Form 4
reporting officers] from the date of such termination of Service, exercise all or any part of the Option to the extent it was exercisable at the date of termination of Service; provided, however, if such termination of Service is for
Cause, the right of the Optionee to exercise the Option shall terminate at the date of termination of Service. In no event may the Option be exercised later than the expiration date described in Section 2. For purposes of this Agreement,
“Normal Retirement Date” means the date on which the Optionee terminates active employment with the Trust on or after attainment of age 65, but does not include termination of the Optionee’s employment by the Trust for Cause, and
“Other Retirement Date” means the date, on or after the Optionee’s attainment of age 55 but earlier than the Optionee’s Normal Retirement Date, which is specifically approved and designated in writing by the Committee to be the
date upon which the Optionee retires for purposes of this Agreement. 
  
 (ii) Retirement. Upon the Optionee’s termination of Service by reason of retirement on or after the Optionee’s Normal Retirement Date or Other Retirement Date, the Optionee may, within two years after
such termination of Service, 

  

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exercise all or a part of the Option to the extent that it was exercisable upon such termination of Service. In no event, however, may the Option be
exercised later than the expiration date described in Section 2. 
  
 (iii) Disability. Upon the Optionee’s termination of Service by reason of Disability, all Options shall become immediately exercisable notwithstanding anything to the contrary set forth in this Agreement,
and the Optionee may, within two years after such termination of Service, exercise all or a part of the Option. In no event, however, may the Option be exercised later than the expiration date described in Section 2. 
  
 (iv) Death. In the event of the death of the Optionee
while employed by the Trust, all Options shall become immediately exercisable notwithstanding anything to the contrary set forth in this Agreement. In the event of the death of the Optionee while employed by the Trust or within the additional period
of time from the date of termination of Service by reason of Disability or retirement on or after the Optionee’s Normal Retirement Date or Other Retirement Date and prior to the expiration of the Option as provided in Sections 4(a)(ii) and
(iii), the right of the Optionee’s beneficiary to exercise the Option shall expire upon the expiration of two years from the date of the Optionee’s death (but in no event more than two years from the Optionee’s termination of Service
by reason of retirement on or after the Optionee’s Normal Retirement Date or Other Retirement Date or Disability, as the case may be) or, if earlier, on the date of expiration of the Option determined pursuant to Section 2. In all other cases
of death following the Optionee’s termination of Service, the Optionee’s beneficiary may exercise the Option within the remaining time, if any, provided in Section 4(a)(i). 
  
 (v) Change In Control. If the Optionee incurs an Involuntary Termination within the one year period
commencing with a Change in Control, the Option shall remain exercisable for a period ending on the date which is the earlier of (A) the first anniversary of the termination of the Optionee’s Service or (B) the expiration date described in
Section 2. 
  
 (b) Exercise of Unvested
Option Upon Termination of Service. Subject to Section 3, to the extent all or any part of the Option was not exercisable as of the date of termination of Service, the unexercisable portion of the Option shall expire at the date of such
termination of Service. 
  

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 5. Exercise Procedures.  
  
 (a) Method of Exercise. The Option shall be
exercisable by written notice to the Trust, which must be received by the Secretary of the Trust not later than 5:00 P.M. local time at the principal executive office of the Trust on the expiration date of the Option. Such written notice shall set
forth (a) the number of Shares being purchased and whether those Shares are issuable as a result of the exercise of the Incentive Stock Option portion of the Option or the Non-Qualified Stock Option portion of the Option, (b) the total exercise
price for the Shares being purchased, (c) the exact name as it should appear on the stock certificate(s) to be issued for the Shares being purchased, and (d) the address to which the stock certificate(s) should be sent. 
  
 (b) Payment of Exercise Price. The
exercise price of Shares purchased upon exercise of the Option shall be paid in full (a) in cash, (b) by delivery to the Trust of Shares which if acquired from the Trust shall have been held by the Optionee for at least six months, (c) in any
combination of cash and Shares, or (d) by delivery of such other consideration as the Committee deems appropriate and in compliance with applicable law (including payment in accordance with a cashless exercise program under which, if so instructed
by the Optionee, Shares may be issued directly to the Optionee’s broker or dealer against receipt of the exercise price in cash from the broker or dealer). 
  
 In the event that any Shares shall be transferred to the Trust to satisfy all or any part of the exercise
price, the part of the exercise price deemed to have been satisfied by such transfer of Shares shall be equal to the product derived by multiplying the Fair Market Value as of the date of exercise times the number of Shares transferred to the Trust.
The Optionee may not transfer to the Trust in satisfaction of the exercise price any fraction of a Share, and any portion of the exercise price that would represent less than a full Share must be paid in cash by the Optionee. If payment in full or
part is to be made in the form of Restricted Shares, an equivalent number of Shares issued on exercise of the Option shall be subject to the same restrictions and conditions for the remainder of the Award Period applicable to the Restricted Shares
surrendered therefor. 
  
 (c) Delivery of
Certificate. Subject to Section 9 hereof, certificates for the purchased Shares will be issued and delivered to the Optionee as soon as practicable after the receipt of payment of the exercise price in accordance with Section 5(b) above;
provided, however, that delivery of any such Shares shall be deemed effected for all purposes when a stock transfer agent of the Trust shall have deposited such certificates in the United States mail, addressed to Optionee, at the
address set forth on 

  

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the last page of this Agreement or to such other address as Optionee may from time to time designate in a written notice to the Trust. The Optionee shall not
be deemed for any purpose to be a shareholder of the Trust in respect of any Shares as to which the Option shall not have been exercised, as herein provided, until such Shares have been issued to Optionee by the Trust hereunder. 
  
 6. Plan Provisions Control Option Terms;
Modifications. The Option is granted pursuant and subject to the terms and conditions of the Plan, the provisions of which are incorporated herein by reference. In the event any provision of this Agreement shall conflict with any of
the terms in the Plan as constituted on the Grant Date, the terms of the Plan as constituted on the Grant Date shall control. The Option shall not be modified after the Grant Date except by express written agreement between the Trust and the
Optionee; provided, however, that any such modification (a) shall not be inconsistent with the terms of the Plan, and (b) shall be approved by the Committee.  
  
 7. Limitations on Transfer. Except as provided in this Section 7, the Option may not be assigned
or transferred other than by will or the laws of descent and distribution. The Optionee may transfer, in a not for value transfer, all or part of this Option that is a Non-Qualified Stock Option to any Family Member (as defined in the Plan). For the
purpose of this Section 7, a “not for value” transfer is a transfer which is (i) a gift, (ii) a transfer under a domestic relations order in settlement of marital property rights; or (iii) a transfer to an entity in which more than fifty
percent of the voting interests are owned by Family Members (or the Optionee) in exchange for an interest in that entity. Following a transfer under this Section 7, the Option shall continue to be subject to the same terms and conditions as were
applicable immediately prior to transfer. Subsequent transfers of transferred Options are prohibited except to Family Members of the original Optionee in accordance with this Section 7 or by will or the laws of descent and distribution. The
Optionee’s beneficiary may exercise the Optionee’s rights hereunder only to the extent they were exercisable under this Agreement at the date of the death of the Optionee and are otherwise currently exercisable. 
  
 8. Taxes. The Trust shall be entitled to withhold
(or secure payment from the Optionee in lieu of withholding) the amount of any withholding or other tax required by law to be withheld or paid by the Trust with respect to any Shares issuable under this Agreement, or upon a disqualifying disposition
of Shares received pursuant to the exercise of the portion of the Option that is an Incentive Stock Option, and the Trust may defer issuance of Shares upon the exercise of the Option unless the Trust is 

  

 5 

 
indemnified to its satisfaction against any liability for any such tax. The amount of such withholding or tax payment shall be determined by the Committee or
its delegate and shall be payable by the Optionee at such time as the Committee determines. The Optionee may satisfy his or her tax withholding obligation by the payment of cash to the Trust and/or by the withholding from the Option, at the
appropriate time, of a number of Shares sufficient, based upon the Fair Market Value of such Shares, to satisfy such tax withholding requirements. The Committee shall be authorized, in its sole discretion, to establish such rules and procedures
relating to any such withholding methods as it deems necessary or appropriate, including, without limitation, rules and procedures relating to elections to have Shares withheld upon exercise of the Option to meet such withholding obligations.

  
 9. No Exercise in Violation of Law.
Notwithstanding any of the provisions of this Agreement, the Optionee hereby agrees that he or she will not exercise the Option granted hereby, and that the Trust will not be obligated to issue any Shares to the Optionee hereunder, if the
exercise thereof or the issuance of such Shares shall constitute a violation by the Optionee or the Trust of any provision of any law or regulation of any governmental authority. Any determination in this connection by the Committee shall be final,
binding and conclusive. 
  
 IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the day and year first above written. 
  

									
	 	 	 	 	 	 	FEDERAL REALTY INVESTMENT TRUST
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 Chairman, Compensation Committee

			
	WITNESS:	 	 	 	OPTIONEE
			
	 	 	 	 	 

  

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 GRANT DATE
                            , 200   
  

				
	 NUMBER OF SHARES SUBJECT TO THE
OPTION:
	  	 	                 SHARES
	 Incentive Stock Option
	  	 	             Shares
	 Non-Qualified Stock Option
	  	 	             Shares
		
	 EXERCISE PRICE PER SHARE
	  	$	                            
		
	INSTALLMENT EXERCISE SCHEDULE	  	 	 

  

					
	 	  	Cumulative Number of
Shares in Respect of
which Option is
Exercisable

	 Anniversary of Grant Date

	  	Incentive

	  	Non-Qualified

	 Prior to 1st
	  	 	  	 
	 On and After 1st-Prior to 2nd
	  	 	  	 
	 On and After 2nd-Prior to 3rd
	  	 	  	 
	 On and After 3rd
	  	 	  	 

  
 NOTICE
ADDRESSES: 
  

			
	IF TO THE TRUST:	 	IF TO THE OPTIONEE:
		
	Federal Realty Investment Trust	 	 
	1626 East Jefferson Street	 	 
	Rockville, Maryland 20852-4041	 	 
	Attention: Secretary	 	 

  

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