EX-10.2
from 10-Q
~20
pages
Second Amended and Restated Employment Agreement the Second Amended and Restated Employment Agreement (The “Agreement”), Dated as of July 11, 2003 (The “Commencement Date”), by and Between Camden Property Trust, a Texas Real Estate Investment Trust (The “Company”), and D. Keith Oden (The “Executive”). Whereas, the Executive and the Company Deem It in Their Respective Best Interests to Enter Into an Agreement for the Executive as the President and Chief Operating Officer of the Company on the Terms and Subject to the Conditions Set Forth Herein; and Whereas This Agreement Shall Supersede and Replace All Prior Employment Agreements Between the Company and the Executive, Including, but Not Limited to the Employment Agreement Dated July 22, 1996 (The “1996 Agreement”) and the Amended and Restated Employment Agreement Dated August 7, 1998 (The “1998 Agreement” And, Together With the 1996 Agreement, the “Prior Agreements”). Now Therefore, in Consideration of the Mutual Covenants and Conditions Contained Herein, the Parties Agree as Follows: 1. Definitions. for Purposes of This Agreement, the Following Terms Shall Have the Following Definitions: (A) “Business” Shall Mean the Ownership, Development, Construction or Management of Multifamily Apartment Communities. (B) “Cause” Shall Mean Any One or More of the Following
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EX-10.1
from 10-Q
~20
pages
(I) the Continued and Intentional Failure by the Executive to Substantially Perform His Duties With the Company, Other Than Any Such Failure Resulting From the Executive's Disability; Provided, However, That No Termination of the Executive's Employment Shall Be for Cause as Set Forth in This Clause (I) Until (X) There Shall Have Been Delivered to the Executive Written Notice Setting Forth That the Executive Committed the Conduct Set Forth in This Clause (I) and Specifying the Particulars Thereof in Reasonable Detail and (Y) the Executive Shall Have Been Provided an Opportunity to Present His Position to the Board, Either in Writing or Person; (II) a Breach by the Executive of His Fiduciary Duties Under Texas Law as an Officer of the Company, or a Material Breach by the Executive of Any Rule, Regulation, Policy or Procedure of the Company; (III) the Executive's Excessive Absenteeism Not Related to Illness; (IV) the Executive's Conviction of or Plea of Nolo Contendere to a Felony or Conviction of Any Other Crime That Incarcerates the Executive for a Period of One Year or Longer; or (V) the Executive's Commission of a Fraudulent Act, Embezzlement, Theft or Felony, in Any Case, Whether or Not Involving the Company or the Executive's Performance of His Duties Under This Agreement, That, in the Reasonable Opinion of the Board, Renders the Executive's Continued Employment Harmful to the Company
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