Document:

Exhibit

EXHIBIT 10.1                                                    
GUARANTY

This GUARANTY (“Guaranty”) is given on August 30, 2019, by CIRCOR International, Inc., a Delaware corporation (“CIRCOR”), to Emerson Process Management Regulator Technologies, Inc., a Delaware corporation (“Buyer”), with respect to that certain Asset Purchase Agreement, by and among CIRCOR, Buyer, Spence Engineering Company, Inc., a Delaware corporation (“Spence”), and Leslie Controls, Inc., a Delaware corporation (“Leslie”, and each of Spence and Leslie, a “Seller” and, collectively, the “Sellers”), dated as of the date hereof (the “Purchase Agreement”). Capitalized terms used herein and not defined herein shall have the meanings assigned to them in the Purchase Agreement.

To induce Buyer to execute the Purchase Agreement and consummate the transactions contemplated thereby, and for other good and valuable consideration, the receipt and sufficiency of which CIRCOR hereby acknowledges, CIRCOR promises and agrees as follows:

1.CIRCOR, for itself and its successors-in-interest, hereby irrevocably and unconditionally guarantees to Buyer, the full, faithful and punctual payment, performance and observance by the Sellers of all of the obligations, covenants and agreements set forth in the Purchase Agreement or in any other agreement ancillary thereto executed pursuant to the Purchase Agreement to be performed by a Seller, subject to the terms of this Guaranty, the Purchase Agreement and any other agreement ancillary thereto (as applicable).  Except as explicitly set forth in this Guaranty (including Section 3), CIRCOR hereby waives promptness, diligence, notice of the acceptance of such guarantee, presentment, demand for payment, notice of non-performance, default, dishonor and protest, notice of the obligation incurred and all other notices of any kind.
2.The guarantee contained in this Guaranty shall not be impaired or affected by (i) the illegality, irregularity, invalidity or unenforceability, in whole or in part, of, or any defect in, the Purchase Agreement or any legal or equitable defense or right available to the Buyer or any of its Affiliates under or with respect thereto, (ii) any modification, extension, compromise, waiver, amendment or other alteration of any obligation hereby guaranteed, (iii) the failure or invalidity of, or any defect in, any security or collateral or other guarantee given to secure the performance of any obligation guaranteed hereby, (iv) any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, dissolution, liquidation or other similar proceeding of any Seller or by any defense which any Seller or CIRCOR may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding, (v) any liquidation, dissolution or other change, restructuring or termination of the corporate structure or existence of any Seller, or (vi) any other circumstances whatsoever (other than complete performance of all obligations guaranteed hereby) that might constitute a legal or equitable discharge, release or defense of a guarantor or surety or that might otherwise limit recourse against CIRCOR. All suretyship defenses (other than complete performance of all obligations guaranteed hereby) are hereby waived by CIRCOR.  CIRCOR acknowledges that it will receive substantial direct and indirect benefits from the transactions contemplated by the Purchase Agreement and that the waivers set forth in this Guaranty are knowingly made in contemplation of such benefits.
3.The guarantee contained in this Guaranty is an absolute, unconditional and continuing guarantee of payment and performance, and not merely of collection; provided that, Buyer shall not demand or seek to enforce payment or performance by CIRCOR of any obligations guaranteed hereunder unless (i) Buyer shall have first provided notice to the Sellers demanding or seeking to enforce payment or performance by the Sellers, (ii) the Seller(s) shall have been so obligated to pay or perform subject to Section 2, and (iii) such Seller(s) shall have failed to so pay or perform such obligations after the provision of such notice by Buyer. 

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CIRCOR agrees that any notice provided to Sellers as required under this Guaranty shall be deemed to have been provided to CIRCOR.  
4.CIRCOR hereby represents and warrants that the execution, delivery and performance of this Guaranty by it are within its corporate powers and have been duly authorized by all necessary corporate action and that this Guaranty constitutes its legal, valid and binding obligation; and there are no consents or approvals of any Person that have not already been obtained or the satisfaction or waiver of any conditions precedent to the effectiveness of this Guaranty that have not been satisfied or waived.  This Guaranty constitutes the legal, valid and binding obligation of CIRCOR enforceable against CIRCOR in accordance with its terms, except to the extent that such enforceability may be limited by applicable bankruptcy, insolvency, dissolution, reorganization, moratorium, liquidation or other similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law).
5.CIRCOR will not exercise any rights that it may acquire by way of subrogation, contribution, exoneration, reimbursement or indemnification, whether arising by contract or operation of law (including any such right arising under bankruptcy, insolvency or other similar laws) or otherwise, under this Guaranty, by any payment made hereunder or otherwise, until the obligations guaranteed pursuant hereto shall have been paid in full. 
6.This Guaranty and the obligations of CIRCOR hereunder shall continue to be effective or be automatically reinstated, as the case may be, if and to the extent that for any reason any payment by or on behalf of CIRCOR in respect of any portion of the obligations guaranteed pursuant hereto is rescinded or otherwise restored to CIRCOR or any Seller, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, in each case as if such payment had not been made.
7.In the event that any one or more of the provisions contained herein is held invalid, illegal or unenforceable in any respect for any reason in any jurisdiction, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected (so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party), it being intended that each of the parties’ rights and privileges shall be enforceable to the fullest extent permitted by applicable laws, and any such invalidity, illegality and unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction (so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party).  If any court of competent jurisdiction determines that any provision of this Guaranty is invalid, illegal or unenforceable, such court has the power to fashion and enforce another provision (instead of the provision held to be invalid, illegal or unenforceable) that is valid, legal and enforceable and carries out the intentions of the parties hereto under this Guaranty and, in the event that such court does not exercise such power, the parties hereto shall negotiate in good faith in an attempt to agree to another provision (instead of the provision held to be invalid, illegal or unenforceable) that is valid, legal and enforceable and carries out the parties’ intentions to the greatest lawful extent under this Guaranty.
8.The parties agree that irreparable damage would occur in the event that any of the provisions of this Guaranty were not performed in accordance with their specific terms or were otherwise breached and that money damages or other legal remedies would not be an adequate remedy for any such breach.  It is accordingly agreed that Buyer shall be entitled to an injunction, specific performance and other equitable relief to prevent or restrain breaches or threatened breaches of this Guaranty by CIRCOR and to enforce specifically all of the terms and provisions hereof.  Subject to the limitations set forth in this Section 8, 

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CIRCOR hereby agree not to raise any objections to the availability of the equitable remedy of specific performance to prevent or restrain breaches or threatened breaches of the provisions of this Guaranty identified above in this Section 8 by such party.
9.This Guaranty, and all matters arising out of or relating to this Guaranty and any of the transactions contemplated hereby or in connection with to any matter which is the subject of this Guaranty, including the validity hereof and the rights and obligations of the parties hereunder, shall be construed in accordance with and governed by the laws of the State of Delaware applicable to contracts made and to be performed entirely in such state (without giving effect to the conflicts of law provisions thereof).  The parties hereto hereby irrevocably submit to the exclusive jurisdiction of any court of competent civil jurisdiction sitting in the State of Delaware over any action arising out of or in connection with this Guaranty or any of the transactions contemplated hereby or related to any matter which is the subject of this Guaranty and each party hereto hereby irrevocably agrees that all claims in respect of such action may be heard and determined in such courts.  The parties hereto hereby irrevocably waive any objection which they may now or hereafter have to the laying of venue of such action brought in such court or any claim that such action brought in such court has been brought in an inconvenient forum.  Each of the parties hereto agrees that a judgment in such action may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by any applicable law.  Each of the parties hereto hereby irrevocably consents to process being served by any party to this Guaranty in any action by delivery of a copy thereof in accordance with the provisions of Section 9 and consents to the exercise of jurisdiction of the courts of the State of Delaware over it and its properties with respect to any action, suit or proceeding arising out of or in connection with this Guaranty or the transactions contemplated hereby or the enforcement of any rights under this Guaranty.
 [Signature Page Follows]

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IN WITNESS WHEREOF, CIRCOR has caused this Guaranty to be executed as of the date first set forth above.
CIRCOR International, Inc.

By:    /s/ Scott Buckhout            
Name:  Scott Buckhout
Title:  President 

[CIRCOR International, Inc. – Signature page to Guaranty]Exhibit 10.1

     

    Essex Property Trust

    Executive Transition Services Agreement

     

    This Transition Services Agreement (“Agreement”) is entered into by and between Essex Property Trust, Inc. (the “Company”)

      and Craig K. Zimmerman (“Executive”) effective as of September 5, 2019.  The Company and Executive shall collectively be referred to as the “Parties”.

     

    WHEREAS, Executive has been employed by the Company as Co-Chief Investment Officer/Executive
        Vice President, Acquisitions;

     

    WHEREAS, the Company desires that Executive continue to provide services to the Company on a
        reduced schedule to aid the Company in the transition of his duties prior to his full-time retirement;

     

    WHEREAS, the Company and Executive desire that Executive provide the Transition Services (as
        defined below) to the Company beginning on the Transition Date (as defined below) through December 31, 2020 (the “Retirement Date”); and

     

    WHEREAS, this Agreement sets forth the terms and conditions relating to Executive’s employment
        with the Company prior to the Retirement Date.

     

    NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements
        hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Executive and the Company agree as follows:

     

    1.    Transition Period.  Executive’s last day of full-time employment with the Company will be
      December 31, 2019   (the “Transition Date”). As of the Transition Date, Executive will relinquish his title and authority as Co-Chief Investment Officer, Executive President of Acquisitions but will continue to
      perform Transition Services (as defined below) for the Company as an employee working a reduced schedule of between eight and 16 hours per week at Executive’s discretion for a period commencing with the Transition Date until the Retirement Date (the
      “Transition Period”). Executive’s specific schedule will be determined from time to time in accordance with the above parameters by mutual agreement between the Company’s Chief Executive Officer (“CEO”) and Executive. The Transition Period may be extended upon mutual written agreement between the Company and Executive.

     

    2.    Transition Services.  During the Transition Period, it is the intention of the Company and
      Executive that Executive shall continue to provide significant services to the Company on the terms set forth in Section 1 above. Executive shall report to and cooperate with the Company’s CEO on a reduced
      schedule to assist with succession planning and transition of Executive’s duties and responsibilities as Co-Chief Investment Officer, Executive Vice President, Acquisitions (the “Transition Services”). The
      Company will continue to provide administrative support and resources as necessary for Executive to provide the Transition Services. Executive may provide the Transition Services remotely, other than for meetings with the CEO at the Company’s offices
      in San Mateo, California. Throughout the Transition Period, Executive is expected to provide a high level of performance and continue to significantly contribute to the success of the Company. Executive shall remain subject to the Company’s Employee
      Code of Conduct and all Company policies, including, but not limited to, the Company’s Insider Trading Policy and the Company’s Incentive Compensation Recoupment Policy.

     

    

    
      

      
        

      

    

    
    3.     Transition Compensation and Benefits.

     

    3.1          Accrued Obligations. The Company shall pay Executive any unpaid compensation, benefits and reimbursements, including Executive's accrued,
      but unused, vacation time less applicable taxes and withholding (the “Accrued Obligations”) as of the Transition Date.

     

    3.2          Annual Compensation. Executive shall be paid an annual salary of $375,000 for so long as Executive continues to provide the Transition
      Services pursuant to this Agreement paid in accordance with the Company’s current payroll practices beginning as of the Transition Date, subject to applicable payroll and withholding obligations.

     

    3.3          Retention Bonus.  Executive shall receive a one-time bonus in the amount of $1.1 million (the “Retention
        Bonus”) to be paid  within five (5) days of the Transition Date provided this Agreement is not otherwise terminated (i) for Cause (as defined below) by the Company, or (ii) voluntarily terminated by the Executive prior to the Transition
      Date.

     

    3.4         Equity.  During the Transition Period, the Company stock options and restricted stock units (“Company
        Equity”) previously granted to Executive pursuant to the Company’s stock award and compensation plans (the “Equity Plans”) shall continue to vest pursuant to the
      terms of the Equity Plans and specific award agreements governing such grants, subject to the terms and conditions thereof (including the requirement that any applicable performance conditions be satisfied in order to earn the award).

     

    3.5           Stock Retention Requirements. As of the Transition Date, Executive shall no longer be subject to the Company’s Stock Ownership
      Guidelines.

     

    3.6          Benefits. During the Transition Period, Executive shall be entitled to continue to participate in the Company’s employee benefit plans
      (the “Company Plans”) to the extent permitted under the terms and conditions of the Company Plans, including a Company-provided automobile or, at Executive’s choice, automobile allowance, consistent with the
      level provided to Company’s Executive Vice Presidents. The Company will provide a separate letter detailing Executive’s benefits under and continued participation in the Company Plans.

     

    3.7          Professional Insurance.  During the Transition Period the Company will maintain Executive on its insurance policy relating to
      professional errors and omissions, including any directors and officers insurance policies.

     

    4.     Termination of the Transition Period. Upon the termination of the Transition Period
      pursuant to this Section 4, Executive shall be entitled to the retirement benefits Executive has earned and accrued pursuant to Executive’s participation in the Company’s various retirement and deferred compensation plans, and any unpaid compensation
      and reimbursements (the “Accrued Benefits”).

     

    4.1          Release of Claims upon Termination of the Transition Period. In consideration for entering into this Agreement, Executive agrees to
      execute a second separation agreement at the end of the Transition Period containing a general release of claims in a form as substantially attached hereto as Exhibit A.

     

    
      

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    4.2          Termination for Cause or Voluntary Termination by Executive.  The Transition Period may be terminated (i) by the Company for “Cause” (as
      defined below), or (ii) voluntarily by Executive at any time.  If Transition Period is terminated by the Company for Cause or voluntarily by Executive, Executive shall not be entitled to any further compensation or benefits other than the Accrued
      Benefits and any vested Company Equity as of the date the Transition Period is terminated pursuant to this Section 4.2.  If Executive wishes to retire prior to the Retirement Date, than Executive can do so by providing written  notice to the Company
      at least five (5) days prior to the date, and that date will then serve as Executive’s Retirement Date.

     

    4.3          Termination without Cause prior to Transition Date.  If Executive's employment is terminated by the Company without Cause prior to
      Transition date, Executive shall be entitled to the Accrued Benefits, the Retention Bonus and all vested Company Equity.

     

    4.4          Death or Disability. If Executive's employment is terminated by reason of Executive's death or Disability, Executive (or Executive's
      heirs or estate, as applicable) shall be entitled to the Accrued Benefits, the Retention Bonus and all vested Company Equity.  In the event of Executive's death or Disability Executive's heirs or estate shall have the right to assert Executive's
      claim of the benefits as provided in this Agreement and neither Executive or Executive's heirs or estate are under any duty legally or contractually to mitigate any damages in order to receive the benefits of this Agreement.

     

    4.5          Definitions.

     

    (a)          “Cause”  means

     

    (i)           Executive providing services for another public apartment REIT during the Transition Period;

     

    (ii)         Executive’s failure to substantially perform the Transition Services (other than by reason of Executive’s Disability (as defined below)), after
      a written demand for substantial performance is delivered to Executive that specifically identifies the manner in which the Company believes that Executive has not substantially performed such duties, and Executive has failed to remedy the situation
      within 30 days of such written notice from the Company;

     

    (iii)        Executive’s negligence in the performance of the Transition Services after a written demand is delivered to Executive that specifically
      identifies the manner in which the Company believes that Executive has negligently performed such duties, and Executive has failed to remedy the situation within 30 days of such written notice from the Company;

     

    (iv)         Executive’s conviction of, or plea of guilty or nolo contendre to any felony or any crime involving
      moral turpitude or the personal enrichment of Executive at the expense of the Company;

     

    (v)          Executive’s engagement in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise, including, without
      limitation, Executive’s breach of fiduciary duties owed to the Company;

     

    (vi)        Executive’s violation of any material written provision of the Company’s code of business conduct and ethics, including but not limited to
      violations involving claims of sexual harassment and/or discrimination after a written demand for cure (to the extent curable) is delivered to Executive that specifically identifies the manner in which the Company believes the breach could be cured,
      and Executive has failed to cure the situation within 30 days of such written notice from the Company;

     

    
      

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    (vii)        Executive’s act of dishonesty resulting in or intending to result in personal gain at the expense of the Company; or

     

    (viii)      Executive’s engaging in any material act that is intended or may be reasonably expected to harm the reputation, business prospects, or
      operations of the Company after a written demand is delivered to Executive that specifically identifies the material acts reasonably expected to harm the reputation, business prospects, or operations of the Company, and Executive has failed to remedy
      the situation within 30 days of such written notice from the Company.

     

    (b)         “Disability” means Executive’s inability to materially perform his duties and responsibilities by
      reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than the remainder of the Transition Period in each case as determined by a
      mutually agreed upon physician.

     

    5.     Mutual Nondisparagement.  Executive agrees that Executive will not in the future: (i)
      talk about or otherwise communicate by any means to any third party in a malicious, disparaging or defamatory manner regarding the Company (including but not limited to its products and services) or any of the Company’s employees, executives, or 
      members of the Board of Directors of the Company (the “Company Related Parties”); (ii) make or authorize to be made any oral or written statement that may disparage or damage the reputation of the Company
      (including but not limited to its products and services) or the reputation of any of the Company Related Parties; and (iii) talk or otherwise communicate by any means to any third party in any manner likely to be harmful to the Company (including but
      not limited to its products and services), any of the Company Related Parties, or their business, business reputation or personal reputation; provided that Executive may respond accurately and fully to any question, inquiry or request for information when required by legal process (e.g., a
        valid subpoena or other similar compulsion of law) or as part of a government investigation. The Company agrees that it will direct its officers and directors to refrain from: (i) talking about or otherwise communicating by any means to any
      third party in a malicious, disparaging or defamatory manner regarding Executive; (ii) making or authorizing to be made any oral or written statement that may disparage or damage the reputation of Executive; and (iii) talking or otherwise
      communicating by any means to any third party in any manner likely to be harmful to Executive, his business reputation or his personal reputation; provided that individuals may respond accurately and fully to any question, inquiry or request for information when required by legal process (e.g.,
        a valid subpoena or other similar compulsion of law) or as part of a government investigation.

     

    6.     Executive Non-Disclosure.  Executive acknowledges that during Executive’s employment with
      the Company, Executive was and will continue to be provided with, and/or have access to information that is considered Confidential Information (as defined below) pertaining to the Company.  Executive agrees that Executive shall not at any time
      disclose to anyone, including, without limitation, any person, firm, corporation, or other entity, or publish, or use for any purpose, any Confidential Information pertaining to the Company, unless otherwise permitted by law.  Executive agrees that
      Executive shall take all reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of, any Confidential Information pertaining to the Company. “Confidential Information” includes,
      without limitation, all of the Company’s technical and business information, which is of a confidential, trade secret or proprietary character, including, without limitation, all documents or information, in whatever form or medium, concerning or
      relating to any of the Company’s operations; processes; business practices; strategies; executives; vendors; suppliers; partners; contractual relationships and contract terms; regulatory status; research; development; know-how; technical data;
      designs; formulas; finances; business plans; marketing and sales plans and strategies; budgets; financial information and data; costs; customer and client lists and profiles; customer and client nonpublic personal information; supplier lists;
      business records; internal communications; audits; management methods and information; reports, recommendations and conclusions; and other information or documents that the Company requires to be maintained in confidence for its continued business
      success.

     

    
      

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    7.    Compliance with Section 409A. To the extent applicable, this Agreement is intended to
      comply with Internal Revenue Code Section 409A and shall be administered and construed in a manner consistent with this intent. In furtherance of the foregoing, notwithstanding anything herein to the contrary, if Executive is a “specified employee”
      (determined by the Company in accordance with U.S. Treasury Regulation section 1.409A-3(i)(2)) as of the date that Executive incurs a “separation from service” (as defined in U.S. Treasury Regulation section 1.409A-1(h)) and if any benefit to be
      provided under this Agreement cannot be paid or provided in a manner otherwise provided herein without subjecting Executive to additional tax, interest and/or penalties under Section 409A, then any such benefit that is payable during the first six
      (6) months following Executive’s “separation from service” shall be paid to Executive in a cash lump payment to be made on the earlier of (a) Executive’s death or (b) the first day of the seventh month following Executive’s “separation from service”.
      However, nothing contained in this Agreement shall be construed as a representation, guarantee or other undertaking on the part of the Company that this Agreement is, or will be found to be exempt from or compliant with the requirements of Section
      409A.  Executive is solely responsible for determining the tax consequences to Executive of any and all payments made pursuant to this Agreement, including, without limitation, any possible tax consequences under Section 409A.

     

    8.     Arbitration.  The terms and conditions of the Mutual Agreement to Arbitrate between
      Executive and the Company dated April 7, 2016 shall remain in full force and effect and continue to apply during the Transition Period.

     

    9.     Controlling Law.  This Agreement shall in all respects be interpreted, enforced, and
      governed under the laws of the State of California.  The Company and Executive agree that the language in this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for, or against, either of the
      Parties.

     

    10.   Severability.  Should any provision of this Agreement be declared or determined to be
      illegal or invalid by any government agency, arbitrator, or court of competent jurisdiction, the validity of the remaining parts, terms or provisions of this Agreement shall not be affected and such provisions shall remain in full force and effect.

     

    11.   Entire Agreement. This Agreement constitutes the entire agreement and understanding between
      the Executive and the Company with respect to the subject matter hereof, and fully supersedes all prior and contemporaneous negotiations, understandings, representations, writings, discussions and/or agreements, whether oral or written, pertaining to
      or concerning the subject matter of this Agreement.  No oral statements or other prior written materials, not specifically incorporated into this Agreement shall be of any force or effect, and no changes in or additions to this Agreement shall be
      recognized, unless incorporated into this Agreement by written amendment, such amendment to become effective on the date stipulated in it.  Any amendment to this Agreement must be signed by Executive and the Company. Notwithstanding the above, this
      Agreement will have no impact on your 2019 compensation amounts (including 2019 bonuses and equity grants) to be determined in accordance with Company policy in the discretion of the Compensation Committee of the Board and you shall continue to
      remain eligible to receive such amounts.

     

    
      

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    12.  Disclaimer of Reliance.  Except for the specific representations expressly made by the
      Company in this Agreement, Executive specifically disclaims that Executive is relying upon or relied upon on any communications, promises, statements, inducements, or representation(s) that may have been made, oral or written, regarding the subject
      matter of this Agreement.  The Parties represent that they are relying solely and only on their own judgment in entering into this Agreement.

     

    13.   No Waiver. This Agreement may not be waived, modified, amended, supplemented, canceled or
      discharged, except by written agreement of the Executive and the Company.  Failure to exercise and/or delay in exercising any right, power or privilege in this Agreement shall not operate as a waiver.  No waiver of any breach of any provision shall
      be deemed to be a waiver or any preceding or succeeding breach of the same or any other provision, nor shall any waiver be implied from any course of dealing between Executive and the Company.

     

    14.   Counterparts.  This Agreement may be executed by the Parties in multiple counterparts,
      whether or not all signatories appear on these counterparts (including via electronic signatures, and exchange of PDF documents via email), each of which shall be deemed an original, but all of which together shall constitute one and the same
      instrument.

     

    15.   Notices.  All notices required or permitted hereunder shall be in writing and shall be
      deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (iii) five (5)
      days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. 
      All communications to a party shall be sent to the party’s address or email address set forth on the signature page hereto or at such other address(es) or email address(es) as such party may designate by ten (10) days advance written notice to the
      other party hereto.

     

    16.   Public Statement.  In connection with the execution of this Agreement the Company will
      release the statement attached hereto as Exhibit B regarding Executive’s retirement from the Company.

     

    [CONTINUED ON SIGNATURE PAGE]

     

    
      

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

     

    	
            /s/ Michael Schall

          	 	
            September 5, 2019

          
	
            Michael Schall

          	 	
            Date

          
	
            President and

          	 	 
	
            Chief Executive Officer,

          	 	 
	
            Essex Property Trust, Inc.

          	 	 
	 	 	 
	
            /s/ Craig K. Zimmerman

          	 	
            September 5, 2019

          
	
            Craig K. Zimmerman

          	 	
            Date

          
	
            Co-Chief Investment Officer and

          	 	 
	
            Executive Vice President, Acquisitions

          	 	 

    

    

     

    

  

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