Brandywine Realty Trust Incentive Compensation Clawback Agreement (February 23, 2015)

Summary

This agreement is between Brandywine Realty Trust and the undersigned recipient of incentive-based compensation. It states that if the company must restate its financial statements due to material non-compliance with federal securities laws, the company may recover any excess incentive compensation paid to the recipient during the three years before the restatement. The agreement also confirms that any incentive compensation may be subject to recovery as required by law or stock exchange rules.

EX-10.5 6 exhibit105_02232015.htm EXHIBIT 10.5 Exhibit 10.5_02.23.2015

Exhibit 10.5

February 23, 2015

Brandywine Realty Trust

555 East Lancaster Avenue

Suite 100

Radnor, PA 19087

Attention: Compensation Committee

Gentlemen:

The undersigned hereby agrees that in the event that Brandywine Realty Trust (together with its consolidated subsidiaries, the “Company”) is required to prepare an accounting restatement due to material non-compliance with any financial reporting requirements under federal securities laws, then the Company shall, in the sole determination of the Compensation Committee, be entitled to recover from the undersigned incentive-based compensation (including stock options or other equity-based awards) during the three-year period preceding the date on which the Company is required to prepare the accounting restatement, based on the erroneous data, in excess of what should have been paid to the undersigned under the accounting restatement (whether before or after the date of this letter). The undersigned further confirms that incentive compensation received from the Company will be subject to recovery by the Company if and to the extent required by any current or future law, government regulation or stock exchange list requirement.

Sincerely,

________________________

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