SEC Contract Filing

Filing Date: 2025-06-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_833937.htm
<DESCRIPTION>EXHIBIT 10.1
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>CLIPPER REALTY INC.</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>2025 OMNIBUS INCENTIVE COMPENSATION PLAN</b></p>

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 <td colspan="3" rowspan="1" style="width: 8%;">ARTICLE I GENERAL</td>
 <td style="width: 5%; text-align: right;">1</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 87%;">&nbsp;</td>
 <td style="width: 5%; text-align: right;">&nbsp;</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.1</td>
 <td style="width: 87%;">Purpose</td>
 <td style="width: 5%; text-align: right;">1</td>
 </tr>
 <tr style="background-color: rgb(255, 255, 255);">
 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.2</td>
 <td style="width: 87%;">Definitions of Certain Terms</td>
 <td style="width: 5%; text-align: right;">1</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.3</td>
 <td style="width: 87%;">Administration</td>
 <td style="width: 5%; text-align: right;">6</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.4</td>
 <td style="width: 87%;">Persons Eligible for Awards</td>
 <td style="width: 5%; text-align: right;">8</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.5</td>
 <td style="width: 87%;">Types of Awards Under Plan</td>
 <td style="width: 5%; text-align: right;">9</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.6</td>
 <td style="width: 87%;">Shares of Common Stock Available for Awards</td>
 <td style="width: 5%; text-align: right;">9</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">1.7</td>
 <td style="width: 87%;">Individual Limitations</td>
 <td style="width: 5%; text-align: right;">10</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 87%;">&nbsp;</td>
 <td style="width: 5%; text-align: right;">&nbsp;</td>
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 <td colspan="3" rowspan="1" style="width: 8%;">ARTICLE II AWARDS UNDER THE PLAN</td>
 <td style="width: 5%; text-align: right;">10</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 87%;">&nbsp;</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">2.1</td>
 <td style="width: 87%;">Agreements Evidencing Awards</td>
 <td style="width: 5%; text-align: right;">10</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">2.2</td>
 <td style="width: 87%;">No Rights as a Stockholder</td>
 <td style="width: 5%; text-align: right;">11</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">2.3</td>
 <td style="width: 87%;">Options</td>
 <td style="width: 5%; text-align: right;">11</td>
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 <td style="width: 4%;">&nbsp;</td>
 <td style="width: 4%;">2.4</td>
 <td style="width: 87%;">Stock Appreciation Rights</td>
 <td style="width: 5%; text-align: right;">13</td>
 </tr>
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