SEC Contract Filing

Filing Date: 2020-10-28

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>c368-20200930xex10_2.htm
<DESCRIPTION>EX-10.2
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 psb-20200930 Q3 Exhibit 102
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 <font style="display: inline;">Exhibit 10.2</font>

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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:11pt;">PS BUSINESS PARKS, INC.</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">2012 EQUITY AND PERFORMANCE-BASED INCENTIVE COMPENSATION PLAN</font>
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 <br /><font style="display: inline;font-weight:bold;font-size:11pt;">FORM OF RESTRICTED STOCK UNIT AGREEMENT</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">THIS RESTRICTED STOCK UNIT AGREEMENT</font><font style="display: inline;font-size:11pt;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Agreement</font><font style="display: inline;font-size:11pt;">&#x201D;) is </font><font style="display: inline;font-size:11pt;">made</font><font style="display: inline;font-size:11pt;"> as of [</font><font style="display: inline;font-size:11pt;">Grant Date</font><font style="display: inline;font-size:11pt;">] by and between PS Business Parks, Inc.</font><font style="display: inline;font-size:11pt;">, acting on its own behalf</font><font style="display: inline;font-size:11pt;"> (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Company</font><font style="display: inline;font-size:11pt;">&#x201D;), </font><font style="display: inline;font-size:11pt;">and on behalf of PS Business Parks, L.P. as its sole general partner (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Partnership</font><font style="display: inline;font-size:11pt;">&#x201D;)(as appropriate in context below, references to the Company shall also include the Partnership), </font><font style="display: inline;font-size:11pt;">and [Name of Grantee], an employee of the Company, a Subsidiary or a Service Provider (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Grantee</font><font style="display: inline;font-size:11pt;">&#x201D;).</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS</font><font style="display: inline;font-size:11pt;">, the PS Business Parks, Inc. 2012 Equity and Performance-Based Incentive Compensation Plan (the </font><font style="display: inline;font-size:11pt;">&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Plan</font><font style="display: inline;font-size:11pt;">&#x201D;)</font><font style="display: inline;font-size:11pt;"> has been duly approved by the Board of Directors of the Company and the shareholders of the Company;</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS</font><font style="display: inline;font-size:11pt;">, under the Plan the Company is authorized to issue, inter alia, Restricted Stock Units relating to shares of common stock, par value $.01 per share, of the company (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Stock</font><font style="display: inline;font-size:11pt;">&#x201D;); and</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS</font><font style="display: inline;font-size:11pt;">, the Company desires to grant Restricted Stock Units to the Grantee under the terms and conditions set forth below.</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">NOW</font><font style="display: inline;font-size:11pt;">, &nbsp;</font><font style="display: inline;font-weight:bold;font-size:11pt;">THEREFORE</font><font style="display: inline;font-size:11pt;">, in consideration of the mutual benefits hereinafter provided, and each intending to be legally bound, the Company and the Grantee hereby agree as follows:</font>
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