UDR Out-Performance III, LLC Series C Participation and Membership Interests Agreement

Contract Categories: Business Finance › Participation Agreements
Summary

This document outlines the participation of certain officers of United Dominion Realty Trust, Inc. in the Series C Out-Performance Program through their membership in UDR Out-Performance III, LLC. It details each officer's capital contributions, membership units, and percentage interests in the LLC. The agreement specifies the amounts contributed in cash and other forms, such as interests in related entities or company stock, and lists the resulting ownership percentages for each participant.

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EX-10.07 3 d27563exv10w07.htm PARTICIPATION IN THE SERIES C OUT-PERFORMANCE PROGRAM exv10w07  

EXHIBIT 10.07
Participation in the Series C
Out-Performance Program
     Set forth below is information relating to the participation in the Series C Out-Performance Program by certain officers of United Dominion Realty Trust, Inc., including information relating to their membership interests in UDR Out-Performance III, LLC.
UDR OUT-PERFORMANCE III, LLC
MEMBERS, CAPITAL CONTRIBUTIONS AND MEMBERSHIP INTERESTS
                                 
            Capital              
    Capital     Contributions1              
    Contributions     (Other     Membership     Percentage  
Members   (Cash)     Consideration)     Units     Interests  
 
Thomas W. Toomey
   $ 100,000     $ 125,000       225,000       30 %
W. Mark Wallis
           $ 75,000       75,000       10 %
Christopher D. Genry
           $ 45,000       45,000       6 %
Martha R. Carlin
           $ 45,000       45,000       6 %
Richard A. Giannotti
           $ 75,000       75,000       10 %
Michael J. Kelly
   $ 37,500               37,500       5 %
Mark E. Wood
           $ 37,500       37,500       5 %
Matthew T. Akin
   $ 37,500               37,500       5 %
Thomas A. Spangler
           $ 60,000       60,000       8 %
Moises V. Vela, Jr.
   $ 37,500               37,500       5 %
Patrick S. Gregory
           $ 37,500       37,500       5 %
Sara Jo Light
   $ 37,500               37,500       5 %
 
1   Interests in UDR Out-Performance I, LLC, a Virginia limited liability company (valued at $18.7495 per limited liability company interest), common stock of United Dominion Realty Trust, Inc. or other consideration.