SEC Contract Filing

Filing Date: 2019-10-28

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>tm1921247d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LIBERTY PROPERTY TRUST &ndash;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SENIOR OFFICER SEVERANCE PLAN</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

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 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-align: right"><B>Page</B></TD></TR>
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 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
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 <TD STYLE="width: 10%; text-indent: 0in; text-transform: uppercase">SECTION 1.</TD>
 <TD STYLE="width: 85%; text-indent: 0in; text-transform: uppercase">PURPOSE</TD>
 <TD STYLE="width: 5%; text-align: right; text-transform: uppercase">1</TD></TR>
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 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
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 <TD STYLE="text-indent: 0in; text-transform: uppercase">SECTION 2.</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase">DEFINITIONS</TD>
 <TD STYLE="text-align: right; text-transform: uppercase">1</TD></TR>
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 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-indent: 0in; text-transform: uppercase">&nbsp;</TD>
 <TD STYLE="text-align: right; text-transform: uppercase">&nbsp;</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.1</TD>
 <TD STYLE="text-indent: 0in">&ldquo;409A Change of Control&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.2</TD>
 <TD STYLE="text-indent: 0in">&ldquo;Administrative Claim&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.3</TD>
 <TD STYLE="text-indent: 0in">&ldquo;Applicable Multiplier&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.4</TD>
 <TD STYLE="text-indent: 0in">&ldquo;Board of Trustees&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.5</TD>
 <TD STYLE="text-indent: 0in">&ldquo;Cause&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
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 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.6</TD>
 <TD STYLE="text-indent: 0in">A &ldquo;Change of Control&rdquo;</TD>
 <TD STYLE="text-align: right">1</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">&nbsp;</TD>
 <TD STYLE="text-indent: 0in">&nbsp;</TD>
 <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD STYLE="text-indent: 0in; padding-left: 0.375in">2.7</TD>
 <TD STYLE="text-inde