EX-10.28
from 10-K
4 pages
Proposed Start Date: April 30, 2017 Reporting Structure: You Will Report Directly to the Chief Executive Officer. Salary: Annualized Base Salary $325,000.00, Paid Biweekly. Incentives: FY2018 Ltip -Full Participation in the FY2018 Ltip Award, Based on 70% of Base Salary, With the Remaining Terms the Same as the Other Participants. FY2018 Stip - Full Participation in the FY2018 Stip Award Based on 70% of Base Salary, With the Remaining Terms the Same as the Other Participants. FY2018 Stip Metrics Will Be Based 40% on Ffo Target, 40% on Same Store Multi-Family Noi Growth Over FY2017 and 20% Will Be at the Discretion of the Compensation Committee and the Board Based on Iret’s Strategic Plan and an Specific Individual Goals. FY 2018 Ltip Metrics Will Be 1/3 Time Based, 1/3 Based on Iret’s Relative Total Stockholder Return (Tsr) Measured Against the Msci U.S. REIT Index, and 1/3 Will Be Measured by a Relative Leverage Ratio
12/34/56