SEC Contract Filing

Filing Date: 2017-06-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>6
<FILENAME>iret-20170430ex1030db061.htm
<DESCRIPTION>EX-10.30
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 <font style="display:inline;font-weight:bold;">Exhibit 10.30</font>

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 <font style="display:inline;font-size:12pt;">April 27, 2017</font>
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 <font style="display:inline;font-size:12pt;">Mr. Mark O. Decker, Jr.</font>
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 <font style="display:inline;color:#000000;font-size:12pt;">c/o</font><font style="display:inline;font-style:italic;color:#000000;font-size:12pt;">&nbsp;</font><font style="display:inline;color:#000000;font-size:12pt;">IRET</font>
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 <font style="display:inline;color:#000000;font-size:12pt;">800&nbsp;LaSalle&nbsp;Avenue&nbsp;Suite&nbsp;1600</font>
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 <font style="display:inline;color:#000000;font-size:12pt;">Minneapolis,&nbsp;MN&nbsp;55402</font>
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 <font style="display:inline;font-size:12pt;">Dear Mark:</font>
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 <font style="display:inline;font-size:11.5pt;">On behalf of the Board of Trustees of Investors Real Estate Trust (IRET), congratulations on your appointment as Chief Executive Officer of IRET.&nbsp;&nbsp;This letter serves to describe some changes to your compensation package with IRET, all to be effective May 1, 2017 as approved by the Compensation Committee of the Board of Trustees of IRET as well as the full Board of Directors.</font>
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 <font style="display:inline;font-size:11.5pt;">Your base salary will increase to $444,050.00 annually.</font>
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 <font style="display:inline;font-size:11.5pt;">You will be given a retention bonus comprised of $100,000.00 in cash and a number of common shares of IRET determined by dividing (i) $100,00.00 by (ii) the average of the closing prices for IRET shares as reported on the New York Stock Exchange for the 20 trading days ending prior to April 30, 2017.&nbsp;&nbsp;The common shar