UDR enters new 5-year Executive Agreement with CEO Toomey; base $900K, bonus target $2.1M, LTI target $7M

UDR, Inc.

Base salary of $900,000, subject to annual review and potential increase by Compensation Committee.
Target annual bonus set at $2,100,000, with actual amount based on personal and company performance goals.
Target long-term incentive award of $7,000,000, also performance-based; part of annual grant process.
Agreement has a five-year term through February 2029 unless earlier terminated.
Severance on termination without cause or for good reason: 3x (base salary + target bonus), plus pro-rata bonus and continued health benefits until age 75.

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