[Name of Officer]
EX-10.28 5 dex1028.htm FORM OF FORFEITURE LETTERS Form of Forfeiture Letters
Exhibit 10.28
[Name of Officer]
December 7, 2007
RAIT Financial Trust
Cira Centre
2929 Arch Street, 17th Floor
Philadelphia, PA 19104
Attention: Jack E. Salmon, Chief Financial Officer and Treasurer
| Re: | Forfeiture of Certain Unvested Phantom Units |
To RAIT Financial Trust:
On January 23, 2007, RAIT Financial Trust (“RAIT”) granted to me phantom units (the “Units”) pursuant to the RAIT Investment Trust 2005 Equity Compensation Plan. All of these Units are unvested as of the date hereof. Intending to be legally bound, I hereby forfeit said Units and relinquish any right, title or claim of interest therein or in any future income therefrom.
| Sincerely, |
|
|
| Name: [Name of Officer] |
ACKNOWLEDGED AND AGREED:
RAIT FINANCIAL TRUST
| By: |
| December 7, 2007 | ||||
| Name: | Jack E. Salmon | Date | ||||
| Title: | Chief Financial Officer and Treasurer |
