<SEC-DOCUMENT>0001193125-19-210796.txt : 20190801
<SEC-HEADER>0001193125-19-210796.hdr.sgml : 20190801
<ACCEPTANCE-DATETIME>20190801160133
ACCESSION NUMBER:		0001193125-19-210796
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190801
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190801
DATE AS OF CHANGE:		20190801

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REGENCY CENTERS CORP
		CENTRAL INDEX KEY:			0000910606
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				593191743
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12298
		FILM NUMBER:		19992560

	BUSINESS ADDRESS:	
		STREET 1:		ONE INDEPENDENT DRIVE
		STREET 2:		SUITE 114
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9045987000

	MAIL ADDRESS:	
		STREET 1:		ONE INDEPENDENT DRIVE
		STREET 2:		SUITE 114
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REGENCY REALTY CORP
		DATE OF NAME CHANGE:	19930813
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d784141d8k.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Form 8-K</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, DC 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;&nbsp;August&nbsp;1, 2019 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>REGENCY CENTERS CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Florida</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-12298</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">59-3191743</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction<BR>of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission<BR>File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(IRS Employer<BR>Identification No.)</B></TD></TR>
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<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>One Independent Drive, Suite 114<BR>Jacksonville, Florida</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>32202</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Registrant&#146;s telephone number including area
code:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">(904)-598-7000</FONT></FONT></U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Not Applicable </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address, if changed since last report) </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of each exchange</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>on which registered</B></P></TD></TR>


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<TD VALIGN="top" ALIGN="center"><B>Common Stock, $.01 par value</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>REG</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>The Nasdaq Stock Market LLC</B></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of
Securities Act of 1933 (&#167;&nbsp;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;&nbsp;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(A) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On August&nbsp;1, 2019, Regency Centers Corporation announced that,
effective January&nbsp;1, 2020, Martin E. &#147;Hap&#148; Stein, Jr. will transition from Chairman and Chief Executive Officer to Executive Chairman, and Lisa Palmer will become President and Chief Executive Officer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Effective August&nbsp;12, 2019, Ms.&nbsp;Palmer will vacate her role as Chief Financial Officer while retaining her role as President, and
Mike Mas, the Company&#146;s Managing Director, Finance, will become Executive Vice President, Chief Financial Officer. In addition, also effective August&nbsp;12, 2009, Jim Thompson, the Company&#146;s Executive Vice President, Operations, will
become Executive Vice President, Chief Operating Officer and Mac Chandler, Executive Vice President, Investments, will become Executive Vice President, Chief Investment Officer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Mas, age 43, has been our Managing Director, Finance since 2017. Prior to his role as Managing Director, Finance, Mr.&nbsp;Mas has
served as SVP, Capital Markets and VP, Capital Markets and Joint Ventures. Mr.&nbsp;Mas has been employed by the Company for 15 years. Mr.&nbsp;Mas is a graduate of the University of North Florida. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any changes to compensation for Ms.&nbsp;Palmer and Messrs. Stein, Thompson and Chandler will be determined by the Compensation Committee of
the Company&#146;s Board of Directors in early 2020 in connection with the Company&#146;s annual determination of compensation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
connection with Mr.&nbsp;Mas&#146; promotion, his annual base salary will become $450,000 on September&nbsp;1, 2019. In addition, Mr.&nbsp;Mas will continue to participate in the Company&#146;s incentive programs which are described in the
Company&#146;s proxy statement filed with the SEC on March&nbsp;21, 2019. His target incentives for 2019 were not changed. In addition, Mr.&nbsp;Mas will receive a <FONT STYLE="white-space:nowrap">one-time</FONT> restricted stock grant of $200,000
of shares of the Company&#146;s common stock.<B> </B>For 2020, Mr.&nbsp;Mas will receive an annual base salary of $500,000 and will have a target cash bonus of $500,000 and a target long term incentive of $1,000,000. The target objectives for such
incentives in 2020 will be determined in early 2020 in connection with the Company&#146;s annual determination of compensation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A press
release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01(d)</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d784141dex991.htm">Press release issued by Regency Centers Corporation on August&nbsp;1, 2019. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d784141dex992.htm">Amended and Restated Severance and Change of Control Agreement dated as of February 22, 2017 by and between Regency Centers Corporation and Michael J. Mas. </A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>REGENCY CENTERS CORPORATION</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(registrant)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" COLSPAN="3">August&nbsp;1, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Barbara C. Johnston</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Barbara C. Johnston, Senior Vice President</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">and General Counsel</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>NEWS RELEASE</B></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>For immediate release</B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Laura Clark</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Senior Vice President,
Capital Markets</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">904-598-7831</FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>LauraClark@RegencyCenters.com</U></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Jan Hanak</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Vice President, Marketing +
Communications</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">904-598-7443</FONT></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><U>JanHanak@RegencyCenters.com</U></P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Regency Centers Announces CEO and Executive Succession Plan </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>JACKSONVILLE, FL (August 1, 2019) &#150;</B> Regency Centers Corporation (&#147;Regency&#148; or the &#147;Company&#148;) (NASDAQ:REG), the preeminent
national owner, operator, and developer of shopping centers, announced today the transition of Martin E. &#147;Hap&#148; Stein, Jr. from Chairman and Chief Executive Officer to Executive Chairman, effective January&nbsp;1, 2020. Concurrent with this
announcement, Regency&#146;s Board of Directors is pleased to announce that Lisa Palmer will become President and Chief Executive Officer, effective January&nbsp;1, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the Company&#146;s succession plan, Ms.&nbsp;Palmer will vacate her role as Chief Financial Officer, retaining her position as President, effective
August&nbsp;12, 2019, with Mike Mas assuming the position of Executive Vice President, Chief Financial Officer, at that time. Additionally, and to more accurately reflect their roles within the Company, Jim Thompson will become Executive Vice
President, Chief Operating Officer, and Mac Chandler will become Executive Vice President, Chief Investment Officer, effective August&nbsp;12, 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Stein has served as Chief Executive Officer since the Company&#146;s initial public offering in 1993 and as Chairman since 1999. He joined
Regency&#146;s predecessor in 1976, worked in leasing and asset management, and served as President from 1981 until the Company went public. Under Hap&#146;s leadership, Regency Centers has become the leading national shopping-center REIT. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I am deeply gratified for the opportunity to have worked with the best professionals in the business for so many years,&#148; said Mr.&nbsp;Stein.
&#147;Regency&#146;s people are the cornerstone of the Company and help us live out our values each and every day. Lisa is the embodiment of those values and is devoted to Regency&#146;s special culture.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Lisa has a deep understanding of the key aspects of our business, our strategy, and our vision to be the preeminent national shopping center owner,
operator, and developer,&#148; Mr.&nbsp;Stein continued. &#147;She is highly respected in the capital markets, by those with whom she has worked within the shopping center industry, and, importantly, by fellow members of Regency&#146;s wonderful
team. I am extremely confident in Regency&#146;s future in the talented hands of Lisa Palmer.&#148; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">C. Ronald Blankenship, Lead Director of Regency&#146;s Board of Directors, said, &#147;Hap has steadfastly
led Regency Centers since its IPO over 25 years ago. The Company&#146;s well-conceived growth through several real estate cycles and the resulting impressive shareholder return is directly attributable to Hap&#146;s
<FONT STYLE="white-space:nowrap">far-sighted</FONT> direction and consistent execution. The appointment of Lisa as Regency&#146;s President and Chief Executive Officer is the result of the Board&#146;s rigorous and well-constructed succession plan
that has been a focus over the last several years. Lisa is an exceptional executive, and the Board is excited about her leading Regency into the future.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lisa Palmer has been President of Regency since January&nbsp;1, 2016, and Chief Financial Officer since January 2013. She has also served as a director since
2018. Lisa joined the Company in 1996 and has served in various capacities including Senior Vice President of Capital Markets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I am honored to have
the opportunity to lead Regency Centers,&#148; said Ms.&nbsp;Palmer. &#147;I am truly humbled by the confidence Hap and the Board of Directors have placed in me.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;I&#146;d also like to congratulate Mike Mas on his well-deserved promotion to Chief Financial Officer,&#148; Ms.&nbsp;Palmer continued. &#147;Mike
brings a wealth of industry expertise, knowledge, and strong relationships within the investment community to that role. Regency is well-positioned for the future, and I look forward to working closely &#150; not only with Mike &#150; but with Mac,
Jim, and our outstanding team in continuing to grow shareholder value and building upon the great Company that we are today because of Hap and all of the leaders that have come before me.&#148; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>About&nbsp;Regency Centers Corporation&nbsp;(NASDAQ: REG) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Regency Centers&nbsp;is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our
portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">best-in-class</FONT></FONT> retailers that connect to our
neighborhoods, communities, and customers. Operating as a fully integrated real estate company,&nbsp;Regency Centers&nbsp;is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an&nbsp;S&amp;P&nbsp;500 Index
member. For more information, please visit <U>regencycenters.com</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2017 AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SEVERANCE AND CHANGE OF CONTROL AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AGREEMENT, effective as of the 22nd day of February, 2017, is by and between REGENCY CENTERS CORPORATION, a Florida corporation (the
&#147;<U>Company</U>&#148;), Regency Centers, L.P., a Delaware limited partnership (the &#147;<U>Partnership</U>&#148;), and <B>MICHAEL J. MAS</B> (the &#147;<U>Employee</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company and the Employee previously entered into the 2017 Amended and Restated Severance and Change of Control Agreement,
effective as of the 1st day of January, 2017 (the &#147;<U>Prior Agreement</U>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, to further induce the Employee to
remain as an officer of the Company and a key employee of the Partnership, the Company, the Partnership, and the Employee desire to enter into this 2017 Amended and Restated Severance and Change Of Control Agreement (the
&#147;<U>Agreement</U>&#148;) to replace and supersede the Prior Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the parties agree that the restrictive covenants
underlying certain of the Employee&#146;s obligations under this Agreement are necessary to protect the goodwill or other business interests of the Regency Entities and that such restrictive covenants do not impose a greater restraint than is
necessary to protect such goodwill or other business interests. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, including the Employee&#146;s agreement to continue as an officer of the Company and as an employee of the Partnership, the Employee&#146;s agreement to provide consulting services following termination of employment pursuant
to the terms hereof, and the restrictive covenants contained herein, the Employee, the Company, and the Partnership agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.
<U>Definitions</U>. The following words, when capitalized in this Agreement, shall have the meanings ascribed below and shall supersede the meanings given to any such terms in any other award agreement or related plan document in effect prior to the
date of this Agreement, including but not limited to the definitions of &#147;Cause,&#148; &#147;Change of Control,&#148; or &#147;Good Reason&#148;: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Affiliate</U>&#148; shall have the meaning given to such term in Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the General
Rules and Regulations of the Exchange Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) &#147;<U>Average Annual Cash Bonus</U>&#148; means the average of the annual cash bonus, if
any, paid to the Employee with respect to the three (3)&nbsp;calendar years prior to termination of employment (or the period of the Employee&#146;s employment, if shorter). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) &#147;<U>Base Performance Share Value</U>&#148; means the fair market value as of the date of the Change of Control of the number of
unvested shares underlying the Employee&#146;s outstanding performance share awards that would have been earned pursuant to the terms of the award if the performance period for each such award ended immediately prior to the Change of Control and the
award was earned as follows: (X)&nbsp;if the goal is a market-based goal, such as total </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">shareholder return or stock price, then the actual performance to date shall be used, and (Y)&nbsp;if the
goal is not a market-based goal, then the annualized forecasted number for such goal as most recently prepared by the Company prior to the date of the Change of Control shall be used and treated as if it were actual performance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) &#147;<U>Base Restricted Share Value</U>&#148; means the fair market value as of the date of the Change of Control of the shares underlying
all of the Employee&#146;s unvested time-vesting restricted stock awards or stock rights awards outstanding immediately prior to the Change of Control. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Board</U>&#148; means the Board of Directors of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Cause</U>&#148; means the termination of the Employee&#146;s employment with the Partnership and all Regency Entities by action of
the Board or its delegate for one or more of the following reasons: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The Employee is convicted of committing a felony
under any state, federal or local law. For the purposes of this Agreement, conviction includes any final disposition of the initial charge which does not result in the charges being completely dismissed or in the Employee being completely acquitted
and absolved from all liability, either criminal or civil; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The Employee materially breaches (A)&nbsp;this Agreement
or (B)&nbsp;the policies and procedures of the Company or the Partnership, and the Employee fails to cure the breach to the reasonable satisfaction of such entity, if capable of cure, within thirty (30)&nbsp;days after written notice by such entity
of the breach; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) The Employee engages in willful or gross misconduct or willful or gross negligence in performing the
Employee&#146;s duties, or fraud, misappropriation or embezzlement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) The Employee engages in conduct that, if known
outside any of the Regency Entities, could reasonably be expected to cause harm to the reputation of the Company or the Partnership, and the Employee fails to cure the breach to the reasonable satisfaction of such entity, if capable of cure, within
thirty (30)&nbsp;days after written notice by such entity of the breach; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) The Employee fails to meet the reasonable
expectations of management regarding performance of his or her duties, and the Employee fails to cure the breach to the reasonable satisfaction of the Company or the Partnership, as applicable, if capable of cure, within thirty (30)&nbsp;days after
written notice by such entity of the breach. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) &#147;<U>Change of Control</U>&#148; means the occurrence of an event or series of events
which qualify as a change in control event for purposes of Code Section&nbsp;409A and Treasury Regulation <FONT STYLE="white-space:nowrap">&#167;1.409A-3(i)(5),</FONT> including: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) A change in the ownership of the Company, which shall occur on the date
that any one Person, or more than one Person Acting as a Group (as defined below), other than Excluded Person(s) (as defined below), acquires ownership of the stock of the Company that, together with the stock then held by such Person or group,
constitutes more than fifty percent (50%) of the total fair market value of the stock of the Company. However, if any one Person or more than one Person Acting as a Group is considered to own more than fifty (50%) of the total fair market value of
the stock of the Company, the acquisition of additional stock by the same Person or Persons is not considered to cause a Change of Control. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) A change in the effective control of the Company, which shall occur on the date that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) Any one Person, or more than one Person Acting as a Group, other than Excluded Person(s), acquires (or has acquired during
the twelve (12)&nbsp;month period ending on the date of the most recent acquisition by such Person or Persons) ownership of stock of the Company possessing thirty percent (30%) or more of the total voting power of the stock of the Company. However,
if any one Person or more than one Person Acting as a Group is considered to own more than thirty percent (30%) of the total voting power of the stock of the Company, the acquisition of additional voting stock by the same Person or Persons is not
considered to cause a Change of Control; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) A majority of the members of the Board is replaced during any twelve
(12)&nbsp;month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) A change in the ownership of a substantial portion of the Company&#146;s assets, which shall occur on the date that any
one Person, or more than one Person Acting as a Group, other than Excluded Person(s), acquires (or has acquired during the twelve (12)&nbsp;month period ending on the date of the most recent acquisition by such person or persons) assets from the
Company that have a total Gross Fair Market Value (as defined below) equal to more than fifty percent (50%) of the total Gross Fair Market Value of all the assets of the Company immediately prior to such acquisition or acquisitions, other than an
Excluded Transaction (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of this Subsection (g): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Gross Fair Market Value</U>&#148; means the value of the assets of the Company, or the value of the assets being
disposed of, as applicable, determined without regard to any liabilities associated with such assets. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Persons will not be considered to be &#147;<U>Acting as a Group</U>&#148;
solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering, or solely because they purchase assets of the Company at the same time, or as a result of the same public offering, as the case
may be. However, Persons will be considered to be Acting as a Group if they (i)&nbsp;are owners of an entity that enters into a merger, consolidation, purchase or acquisition of assets, or similar business transaction with the Company, or
(ii)&nbsp;do so within the meaning of Section&nbsp;13(d) of the Exchange Act, including any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule <FONT STYLE="white-space:nowrap">13d-5(b)(1)</FONT>
under the Exchange Act). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;<U>Excluded Transaction</U>&#148; means any transaction in which assets are
transferred to: (A)&nbsp;a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B)&nbsp;an entity, fifty percent (50%) or more of the total value or voting power of which is
owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all
the outstanding stock of the Company (determined after the asset transfer); or (D)&nbsp;an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C)
(determined after the asset transfer). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;<U>Excluded Person(s)</U>&#148; means (A)&nbsp;the Company or any
Regency Entity; (B)&nbsp;a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Regency Entity; (C)&nbsp;an underwriter temporarily holding securities pursuant to an offering of such securities; or
(D)&nbsp;a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock in the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The term &#147;<U>Change of Control</U>&#148; as defined above shall be construed in accordance with Code Section&nbsp;409A and the
regulations promulgated thereunder. In no event shall a transaction described above constitute a &#147;Change of Control&#148; for purposes of this Agreement unless such transaction also satisfies the requirement to be a change in the ownership or
effective control of a corporation, or a change in the ownership of a substantial portion of the assets of a corporation, as each of those terms are defined under Code Section&nbsp;409A and the regulations promulgated thereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) &#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) &#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) &#147;<U>General Release</U>&#148; means (i)&nbsp;a release of the Regency Entities, in such form as the Partnership may reasonably
request, of all claims against the Regency Entities relating to the Employee&#146;s employment and termination thereof, and (ii)&nbsp;an agreement to continue to comply with, and be bound by, the provisions of Section&nbsp;16 hereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(k) &#147;<U>Good Reason</U>&#148; means any one or more of the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) any material diminution of the Employee&#146;s authority, duties or responsibilities; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) a material diminution of the Employee&#146;s total annual compensation
opportunity (including base compensation, annual bonus opportunity, and value of annual equity award grants); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) a
material diminution in the budget over which the Employee retains authority; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) a material change in the geographic
location at which the Employee must perform the Employee&#146;s duties and responsibilities; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) any other action or
inaction by the Company or the Partnership that constitutes a material breach of this Agreement or any other agreement pursuant to which the Employee provides services to the Company or the Partnership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A termination of the Employee&#146;s employment for Good Reason shall be effective only if (X)&nbsp;such condition was not consented to by the Employee in
advance or subsequently ratified by the Employee in writing, (Y)&nbsp;such condition remains in effect thirty (30)&nbsp;days after the Employee gives written notice to the Board of the Employee&#146;s intention to terminate his or her employment for
Good Reason, which notice specifically identifies such condition, and (Z)&nbsp;the Employee gives the notice referred to in (Y)&nbsp;above within ninety (90)&nbsp;days of the initial existence of such condition. If the Company or the Partnership, as
applicable, does not cure the condition within the thirty (30)&nbsp;day cure period described in (Y)&nbsp;above, then the Employee&#146;s termination will occur on the day immediately following the end of the cure period. If the Company or the
Partnership, as applicable, cures the condition within such thirty (30)&nbsp;day cure period, then the Employee will be deemed to have withdrawn his notice of termination effective as of the date the cure is effected. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(l) &#147;<U>Medical Benefits</U>&#148; shall mean the monthly fair market value of benefits provided to the Employee and the Employee&#146;s
dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Partnership, at the level of coverage in effect for such persons immediately prior to the Employee&#146;s termination of employment date. The
&#147;monthly fair market value&#148; of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(m) &#147;<U>Person</U>&#148; means a &#147;person&#148; as used in Sections 3(a)(9) and 13(d) of the Exchange Act or any group of Persons
acting in concert that would be considered &#147;persons acting as a group&#148; within the meaning of Treasury Regulation <FONT STYLE="white-space:nowrap">&#167;1.409A-3(i)(5).</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(n) &#147;<U>Prime Rate</U>&#148; means an annual rate, compounding annually, equal to the prime rate, as reported in The Wall Street Journal
on the date of the Change of Control, or if not reported on that date, the last preceding date on which so reported, which rate shall be adjusted on each January&nbsp;1 to the prime rate then in effect and shall remain in effect for the year. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(o) &#147;<U>Qualifying Retirement</U>&#148; means the Employee&#146;s voluntary termination of employment after the Employee has
(i)&nbsp;attained (X) age 65, or (Y)&nbsp;age 60 with 10 Years of Service, and (ii)&nbsp;previously delivered a written notice of retirement to the Partnership at least one (1)&nbsp;year prior to the date of retirement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(p) &#147;<U>Regency Entity</U>&#148; or &#147;<U>Regency Entities</U>&#148; means the
Company, the Partnership, any of their Affiliates, and any other entities that along with the Company or the Partnership is considered a single employer pursuant to Code Section&nbsp;414(b) or (c)&nbsp;and the Treasury regulations promulgated
thereunder, determined by applying the phrase &#147;at least 50 percent&#148; in place of the phrase &#147;at least 80 percent&#148; each place it appears in such Treasury regulations or Code Section&nbsp;1563(a). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(q) &#147;<U>Separation from Service</U>&#148; means the termination of the Employee&#146;s employment with the Partnership and all Regency
Entities, provided that, notwithstanding such termination of the employment relationship between the Employee and the Partnership and all Regency Entities, the Employee shall not be deemed to have had a Separation from Service where it is reasonably
anticipated that the level of bona fide services that the Employee will perform (whether as an employee or independent contractor) following such termination from the Partnership and all Regency Entities would be twenty percent (20%) or more of the
average level of bona fide services performed by the Employee (whether as an employee or independent contractor) for the Partnership and all Regency Entities over the immediately preceding <FONT STYLE="white-space:nowrap">thirty-six</FONT>
(36)&nbsp;month period (or such lesser period of actual service). In such event, Separation from Service shall mean the permanent reduction of the level of bona fide services to be performed by the Employee (whether as an employee or independent
contractor) to a level that is less than twenty percent (20%) of the average level of bona fide services performed by the Employee (whether as an employee or independent contractor) during the <FONT STYLE="white-space:nowrap">thirty-six</FONT>
(36)&nbsp;month period (or such lesser period of actual service) immediately prior to the termination of the Employee&#146;s employment relationship. A Separation from Service shall not be deemed to have occurred if the Employee is absent from
active employment due to military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed the greater of (i)&nbsp;six (6) months or (ii)&nbsp;the period during which the Employee&#146;s right to
reemployment by the Partnership or any Regency Entity is provided either by statute or contract. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(r) &#147;<U>Specified Employee</U>&#148;
means an employee of the Company or any Regency Entity who is a &#147;specified employee&#148; as defined in Code Section&nbsp;409A(a)(2)(b)(i) and Treasury Regulation <FONT STYLE="white-space:nowrap">&#167;1.409A-1(i).</FONT> If the Employee is a
key employee as of the applicable identification date, the Employee shall be treated as a Specified Employee for the twelve (12)&nbsp;month period beginning on the first day of the fourth month following such identification date. The applicable
identification date for purposes of this Agreement shall be September&nbsp;30 of each year. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(s) &#147;<U>Unvested Equity Award</U>&#148;
has the meaning given to such term in Section&nbsp;6(a). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(t) &#147;<U>Years of Service</U>&#148; means the Employee&#146;s total years of
employment with a Regency Entity, including years of employment with an entity that is acquired by a Regency Entity prior to such acquisition. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Term of the Agreement</U>. The term of this Agreement shall begin on the date hereof and end at 11:59 p.m. on December&nbsp;31, 2019,
and thereafter shall automatically renew for successive three (3)&nbsp;year terms unless either party delivers written notice of <FONT STYLE="white-space:nowrap">non-renewal</FONT> to the other party at least ninety (90)&nbsp;days prior to the end
of the then current term; provided, however, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

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that if a Change of Control has occurred during the original or any extended term (including any extension resulting from a prior Change of Control), the term of the Agreement shall end no
earlier than twenty-four (24)&nbsp;calendar months after the end of the calendar month in which the Change of Control occurs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>No
Change of Control &#150; Severance</U>. Except in circumstances in which the Employee would be entitled to payments and benefits in connection with a Change of Control as provided in Section&nbsp;4 below, in the event that during the term of this
Agreement the Employee has a Separation from Service as a result of the Partnership terminating the Employee&#146;s employment without Cause or the Employee terminating the Employee&#146;s employment for Good Reason, subject to Sections 11 and 15
below: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Partnership shall pay to the Employee an amount equal to the sum of (i)&nbsp;twelve (12) months of the Employee&#146;s base
monthly salary in effect on the date the Employee&#146;s employment terminates, <FONT STYLE="white-space:nowrap">(ii)&nbsp;one-hundred</FONT> percent (100%) of the Employee&#146;s Average Annual Cash Bonus, and (iii)&nbsp;twelve (12) months of the
Employee&#146;s Medical Benefits. Payment shall be made in a lump sum on the first business day after sixty (60)&nbsp;days following the Employee&#146;s Separation from Service. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) All of the Employee&#146;s outstanding unvested stock options, restricted stock awards, and stock rights awards that vest solely on the
basis of time shall become vested on a <FONT STYLE="white-space:nowrap">pro-rated</FONT> basis, based on the portion of the vesting period that has elapsed as of the date of the Employee&#146;s Separation from Service; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) All of the Employee&#146;s outstanding performance share awards shall be earned as of the date of Separation from Service based on the
level of achievement of the performance goals established for such awards as of such date, but then <FONT STYLE="white-space:nowrap">pro-rated</FONT> based on the portion of the performance period that has elapsed as of the date of the
Employee&#146;s Separation from Service. For purposes hereof, the level of achievement of the performance goals established for each such award will be determined on the date immediately prior to the Separation from Service as follows: (i)&nbsp;if
the goal is a market-based goal, such as total shareholder return or stock price, then the actual performance to date shall be used, and (ii)&nbsp;if the goal is not a market-based goal, then the level of achievement of such goal shall be
(X)&nbsp;based on the most recently reported number(s) by the Company in its reports filed with the Securities and Exchange Commission or (Y)&nbsp;if such numbers are not so filed, based on the numbers as prepared internally by the Company for the
quarter ending prior to the date of the Separation from Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any shares issuable under awards that vest or are earned pursuant to
subsections (b)&nbsp;and (c) shall be issued on the same date as the cash severance payment is made pursuant to subsection (a). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.
<U>Change of Control &#150; Severance</U>. In the event that during the term of this Agreement the Partnership terminates the Employee&#146;s employment without Cause or the Employee terminates the Employee&#146;s employment for Good Reason, in each
case within two (2)&nbsp;years following a Change of Control, the following provisions shall apply: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Partnership shall pay to the Employee an amount equal to the sum of
(i)&nbsp;twenty-four (24)&nbsp;months of the Employee&#146;s monthly base salary in effect on the date the Employee&#146;s employment terminates, (ii)&nbsp;two hundred percent (200%) of the Employee&#146;s Average Annual Cash Bonus, and twenty-four
(24)&nbsp;months of the Employee&#146;s Medical Benefits. Subject to Sections 11 and 15 below, payment shall be made in a lump sum on the first business day after sixty (60)&nbsp;days following the Employee&#146;s Separation from Service. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) All outstanding unvested stock options, restricted stock, stock rights awards and performance share awards granted to the Employee on or
after a Change of Control (at the greater of actual performance <FONT STYLE="white-space:nowrap">to-date</FONT> or target, for any awards subject to performance goals), and all outstanding equity awards that have not vested at the time of the Change
of Control or been converted to the right to receive a cash payment pursuant to Section&nbsp;6(c), will vest on the date the General Release in Section&nbsp;15 becomes effective, and, if applicable, will be paid on the tenth (10th) business day
following such time. Notwithstanding the foregoing, all such awards which are subject to Code Section&nbsp;409A will be paid on the first (1st) business day after sixty (60)&nbsp;days following the Employee&#146;s Separation from Service, provided
the General Release in Section&nbsp;15 has become effective.<SUP STYLE="font-size:85%; vertical-align:top"> </SUP> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) With respect to
those Unvested Equity Awards that have been exchanged pursuant to Sections 6(b) and 6(c)6(c) for the right to receive a contingent cash payment, subject to Section&nbsp;11 below, the Employee shall receive a cash payment made in a lump sum on the
first business day after sixty (60)&nbsp;days following the Employee&#146;s Separation from Service equal to any portion of the unpaid Base Performance Share Value and Base Restricted Share Value that has not been paid pursuant to Sections 6(b) and
6(c), together with accrued but unpaid interest at the Prime Rate on such unpaid amount from the date of the Change of Control to the date of payment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <U>Entitlement to Severance</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding anything to the contrary, if the Employee delivers written notice on or after January&nbsp;1, 2017, of what would otherwise
have been a Qualifying Retirement to the Partnership had the Employee continued to be employed by the Partnership through the date of retirement set forth in the notice, and if the Employee becomes entitled to receive any severance payments or
benefits described in Section&nbsp;3 or Section&nbsp;4 after the Employee has delivered such written notice, then the amount of such payments and benefits shall be limited to (i)&nbsp;those that the Employee would have otherwise received had such
employment continued through such date of retirement, and (ii)&nbsp;those provided by Section&nbsp;9, if any. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) If the Employee dies
after receiving notice from the Company that the Employee is being terminated without Cause, or after providing notice of termination for Good Reason, but prior to the date the Employee receives the payments and benefits described in Section&nbsp;3
or Section&nbsp;4, as the case may be, then the Employee&#146;s estate, heirs and beneficiaries shall be entitled to the payments and benefits described in Section&nbsp;3 or Section&nbsp;4, as the case may be, at the same time such payments and
benefits would have been paid or provided to the Employee had the Employee lived. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <U>Change of Control &#150; Effect on Stock Rights</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Except as otherwise provided in Sections 6(b) and 6(c) below (or in Sections 44(b) or 4(c), if applicable), the occurrence of a Change of
Control shall not impact any existing unvested stock options, restricted stock awards, stock rights awards or performance share awards (collectively, &#147;<U>Unvested Equity Awards</U>&#148;) unless such rights are cashed out pursuant to the terms
of the applicable merger agreement or other agreement(s) pursuant to which such Change of Control is effected. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) With respect to
Unvested Equity Awards that are performance share awards (&#147;<U>Performance Awards</U>&#148;), notwithstanding anything to the contrary contained in the related plan or award agreement, all of the Employee&#146;s outstanding unvested Performance
Awards shall be cancelled and, in consideration for the cancellation of such awards, the Employee shall receive a deferred contingent cash payment with respect to each such cancelled award equal to (X)&nbsp;the Base Performance Share Value
determined for such cancelled award, plus (Y)&nbsp;interest on such unpaid Base Performance Share Value from the date of the Change of Control to the date of payment at the Prime Rate, such cash payment to be made on the last day of the applicable
performance period for such award, provided that the Employee remains employed by the Partnership, an Affiliate, or one of their successors through the last day of the applicable performance period. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) With respect to Unvested Equity Awards that are not Performance Awards, if the stock underlying such awards is not readily tradable on an
established securities market immediately after the Change of Control (after giving effect to any conversion, exchange or replacement pursuant to the applicable plan or award agreement of the stock underlying Unvested Equity Awards as a result of a
reorganization, merger, consolidation, combination or other similar corporate transaction or event), then notwithstanding anything to the contrary contained in the related plan or award agreement, all of the Employee&#146;s outstanding Unvested
Equity Awards shall be cancelled and, in consideration for the cancellation of such awards, the Employee shall receive: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) a cash payment equal to (X)&nbsp;the fair market value of the shares underlying all of the Employee&#146;s unvested stock
options as of the date of the Change of Control, less (Y)&nbsp;the aggregate exercise price of such stock options, such cash payment to be made within thirty (30)&nbsp;days after the Change of Control; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) a deferred contingent cash payment equal to (X)&nbsp;the Base Restricted Share Value, plus (Y)&nbsp;interest on the unpaid
Base Restricted Share Value from the date of the Change of Control to the date of payment at the Prime Rate, such cash payment of the Base Restricted Share Value to be made in installments on the applicable vesting dates with respect to the number
of shares that would have been issued on that vesting date, plus all accrued but unpaid interest on the unpaid Base Restricted Share Value through such vesting date, provided that the Employee remains employed by the Partnership, an Affiliate, or
one of their successors through the applicable date of vesting. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <U>Change of Control &#150; Excise Tax</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) If in the opinion of Tax Counsel (as defined in Section&nbsp;7(b)) the Employee will be subject to an excise tax under Code
Section&nbsp;4999 with respect to all or any portion of the payments and benefits to be made by the Company or any of its Affiliates to the Employee, whether upon a Change of Control or following a termination of the Employee&#146;s employment,
under this Agreement or otherwise (in the aggregate, &#147;<U>Total Payments</U>&#148;), then such parties agree that the Total Payments shall either be (i)&nbsp;delivered in full, or (ii)&nbsp;reduced to 299.99% of the Employee&#146;s &#147;base
amount&#148; for purposes of Code Section&nbsp;280G (&#147;<U>Scaled Back Amount</U>&#148;), whichever of the foregoing results in the receipt by the Employee of the greatest benefit on an <FONT STYLE="white-space:nowrap">after-tax</FONT> basis
(taking into account the applicable federal, state and local income taxes and the excise tax). If the Employee is entitled to the Scaled Back Amount, then such payments and benefits shall be reduced or eliminated by applying the following
principles, in order: (1)&nbsp;the payment or benefit with the higher ratio of the parachute payment value to present economic value (determined using reasonable actuarial assumptions) shall be reduced or eliminated before a payment or benefit with
a lower ratio; (2)&nbsp;the payment or benefit with the later possible payment date shall be reduced or eliminated before a payment or benefit with an earlier payment date; and (3)&nbsp;cash payments shall be reduced prior to <FONT
STYLE="white-space:nowrap">non-cash</FONT> benefits; provided that if the foregoing order of reduction or elimination would violate Code Section&nbsp;409A, then the reduction shall be made pro rata among the payments or benefits to be received by
the Employee (on the basis of the relative present value of the parachute payments). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) For purposes of this Section&nbsp;7, within forty
(40)&nbsp;days after delivery of a written notice of termination by the Employee or by the Company pursuant to this Agreement within two (2)&nbsp;years of a Change in Control with respect to the Company (or, if an event other than termination of
employment results in payment of parachute payments under Code Section&nbsp;280G and it is reasonably possible that such parachute payments could result in an excise tax, within forty (40)&nbsp;days after such other event), the Company shall obtain,
at its expense, the opinion (which need not be unqualified) of nationally recognized tax counsel (&#147;<U>Tax Counsel</U>&#148;) selected by the Compensation Committee of the Board, which sets forth (i)&nbsp;the &#147;base amount&#148; within the
meaning of Code Section&nbsp;280G; (ii)&nbsp;the aggregate present value of the payments in the nature of compensation to the Employee as prescribed in Code Section&nbsp;280G(b)(2)(A)(ii); (iii) the amount and present value of any &#147;excess
parachute payment&#148; within the meaning of Code Section&nbsp;280G(b)(1); and (iv)&nbsp;as applicable, (X)&nbsp;the net <FONT STYLE="white-space:nowrap">after-tax</FONT> proceeds to the Employee, taking into account the tax imposed by Code
Section&nbsp;4999 if the Total Payments were delivered in full, and, (Y)&nbsp;the amount and nature of the parachute payments to be reduced or forfeited according to Section&nbsp;7(a) in order for the total payments and benefits to equal the Scaled
Back Amount . For purposes of such opinion, the value of any <FONT STYLE="white-space:nowrap">non-cash</FONT> benefits or any deferred payment or benefit shall be determined by the Company&#146;s independent auditors in accordance with the
principles of Code Section&nbsp;280G and regulations thereunder, which determination shall be evidenced in a certificate of such auditors addressed to the Company and the Employee. Such opinion shall be addressed to the Company and the Employee and
shall be binding upon the Company, its Affiliates, and the Employee. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8. <U>Plan of Liquidation</U>. If the shareholders of the Company approve a complete plan of
liquidation or dissolution of the Company (&#147;<U>Approved Liquidation Plan</U>&#148;), all Unvested Equity Awards that are not Performance Awards will fully vest on the date of such approval and all such awards that are Performance Awards shall
vest to the extent the performance goals established under such awards have been achieved on such date (as if the Employee had satisfied all employment conditions required to vest), with the corresponding performance period for such award(s) deemed
completed as of the date immediately preceding the date of such approval. Shares of common stock that so vest will be deemed outstanding as of the close of business on the date of such approval, and certificates representing such shares shall be
delivered to the Employee as promptly as practicable thereafter. Any Performance Awards not vesting on the date of such approval shall be immediately cancelled without consideration therefor. In addition, unless the Approved Liquidation Plan shall
have been rescinded, if the Partnership terminates the Employee&#146;s employment without Cause or the Employee terminates the Employee&#146;s employment for Good Reason in each case following shareholder approval of the Approved Liquidation Plan,
then the Employee shall receive the benefits provided in Sections 4(a), 4(b) and 4(c), as applicable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9. <U>Retirement and Performance
Shares</U>. If the Employee&#146;s termination of employment constitutes a Qualifying Retirement, then the Employee&#146;s unvested stock options, restricted stock and stock rights awards (other than performance shares) will vest on the date of
retirement set forth in the notice thereof, and if the Qualifying Retirement occurs on or after a Change of Control, then the provision of Section&nbsp;4(c) shall also apply. Notwithstanding anything to the contrary in any related plan or award
agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a)&nbsp;three years after the date of Qualifying Retirement, and (b)&nbsp;the original terms of the options. Unless an award agreement provides for
more favorable treatment, upon a Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the
Employee&#146;s employment had not been terminated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10. <U>Death and Disability</U>. In no event shall a termination of the
Employee&#146;s employment due to death or Disability constitute a termination by the Partnership without Cause or a termination by the Employee for Good Reason; however, upon termination of employment due to the Employee&#146;s death or Disability,
the Employee&#146;s estate or the Employee, as applicable, shall receive the benefits provided in Section&nbsp;4(b) or 4(c) with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares), and the
Employee&#146;s estate or the Employee, as applicable, shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee&#146;s
employment had not been terminated. Notwithstanding anything to the contrary in any related plan or award agreement, (a)&nbsp;the Employee&#146;s estate shall be entitled to exercise all vested stock options until the earlier of (i)&nbsp;three years
after termination of employment due to death, and (ii)&nbsp;the original term of the option, and (b)&nbsp;the Employee shall be entitled to exercise all vested stock options until the earlier of (i)&nbsp;one year after termination of employment due
to Disability, and (ii)&nbsp;the original term of the option. For purposes of this Agreement, the Employee shall be deemed terminated for Disability if the Employee is (or would be if a participant) entitled to long-term disability benefits under
the Partnership&#146;s disability plan or policy or, if no such plan or policy is in place, if the Company determines that the Employee has been unable to substantially perform his or her duties, due to a medically-determinable physical or mental
incapacity, for <FONT STYLE="white-space:nowrap">one-hundred</FONT> eighty (180)&nbsp;consecutive days. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11. <U>Payments to Specified Employees</U>. Notwithstanding any other Section of this
Agreement, if the Employee is a Specified Employee at the time of the Employee&#146;s Separation from Service, payments or distribution of property to the Employee provided under this Agreement, to the extent considered amounts deferred under a <FONT
STYLE="white-space:nowrap">non-qualified</FONT> deferred compensation plan (as defined in Code Section&nbsp;409A) shall be deferred until the six (6)&nbsp;month anniversary of such Separation from Service to the extent required in order to comply
with Code Section&nbsp;409A and Treasury Regulation <FONT STYLE="white-space:nowrap">1.409A-3(i)(2).</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12. <U>Reductions in Base
Salary</U>. For purposes of this Agreement, in the event there is a reduction in the Employee&#146;s base salary that would constitute the basis for a termination for Good Reason, the base salary used for purposes of calculating the severance
payable pursuant to Sections 3 or 4(a), as the case may be, shall be the amounts in effect immediately prior to such reduction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.
<U>Other Payments and Benefits</U>. On any termination of employment, including, without limitation, termination due to the Employee&#146;s death or Disability (as defined in Section&nbsp;10) or for Cause, the Employee shall receive any accrued but
unpaid salary, reimbursement of any business or other expenses incurred prior to termination of employment but for which the Employee had not received reimbursement, and any other rights, compensation and/or benefits as may be due the Employee in
accordance with the terms and provisions of any agreements, plans or programs of the Company or the Partnership (but in no event shall the Employee be entitled to duplicative rights, compensation and/or benefits). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14. <U>Set Off; Mitigation</U>. The obligation of the Company or the Partnership to pay or provide the Employee the amounts or benefits under
this Agreement shall be subject to <FONT STYLE="white-space:nowrap">set-off,</FONT> counterclaim or recoupment of amounts owed by the Employee to the Company or the Partnership. In addition, except as provided in Section&nbsp;7 with respect to the
Scaled Back Amount, if applicable, the Employee shall not be required to mitigate the amount of any payments or benefits provided to the Employee hereunder by securing other employment or otherwise, nor will such payments and/or benefits be reduced
by reason of the Employee securing other employment or for any other reason. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">15. <U>Release</U>. Notwithstanding any provision herein to
the contrary, neither the Company nor the Partnership shall have any obligation to pay any amount or provide any benefit, as the case may be, under this Agreement, unless the Employee executes, delivers to the Partnership, and does not revoke (to
the extent the Employee is allowed to do so as set forth in the General Release), a General Release within sixty (60)&nbsp;days of the Employee&#146;s termination of employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">16. <U>Restrictive Covenants and Consulting Arrangement</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Employee will not use or disclose any confidential information of any Regency Entity without the Company&#146;s prior written consent,
except in furtherance of the business of the Regency Entities or except as may be required by law. Additionally, and without limiting the foregoing, the Employee agrees not to participate in or facilitate the dissemination to the media or any other
third party (i)&nbsp;of any confidential information concerning any Regency Entity or any employee of any Regency Entity, or (ii)&nbsp;of any damaging or defamatory information concerning any Regency Entity or the Employee&#146;s experiences as an
employee of any Regency Entity, without the Company&#146;s prior written consent except as may be required by law. Notwithstanding the foregoing, this Section&nbsp;16(a) does not apply to information which is already in the public domain through no
fault of the Employee. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

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<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) During the Employee&#146;s employment and during the one (1)&nbsp;year period after the
Employee ceases to be employed by any of the Regency Entities, the Employee agrees that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) the Employee shall not
directly or knowingly and intentionally through another party recruit, induce, solicit or assist any other Person in recruiting, inducing or soliciting (A)&nbsp;any other employee of any Regency Entity to leave such employment or (B)&nbsp;any other
Person with which any Regency Entity was actively conducting negotiations for employment on the date of termination of the Employee&#146;s employment (the &#147;<U>Termination Date</U>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) the Employee shall not personally solicit, induce or assist any other Person in soliciting or inducing (A)&nbsp;any tenant
in a shopping center of any Regency Entity that was a tenant on the Termination Date to terminate a lease, or (B)&nbsp;any tenant, property owner, <FONT STYLE="white-space:nowrap">co-investment</FONT> partner or <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">build-to-suit</FONT></FONT> customer with whom any Regency Entity had a lease, acquisition contract, business combination contract, <FONT STYLE="white-space:nowrap">co-investment</FONT> partnership agreement or development
contract on the Termination Date to terminate such lease or other contract, or (C)&nbsp;any prospective tenant, property owner, <FONT STYLE="white-space:nowrap">co-investor</FONT> partner or <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">build-to-suit</FONT></FONT> customer with which any Regency Entity was actively conducting negotiations on the Termination Date with respect to a lease, acquisition, business combination,
<FONT STYLE="white-space:nowrap">co-investment</FONT> partnership or development project to cease such negotiations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) For a six
(6)&nbsp;month period following any termination of employment, the Employee agrees to make himself available and, upon and as requested by the Company or the Partnership from time to time, to provide consulting services with respect to any projects
the Employee was involved in prior to such termination and/or to provide such other consulting services as the Company or the Partnership may reasonably request. The Employee will be reimbursed for reasonable travel and miscellaneous expenses
incurred in connection with the provision of requested consulting services hereunder. The Company or the Partnership will provide the Employee reasonable advance notice of any request to provide consulting services, and will make all reasonable
accommodations necessary to prevent the Employee&#146;s commitment hereunder from materially interfering with the Employee&#146;s employment obligations, if any. In no event will the Employee be required to provide more than twenty (20)&nbsp;hours
of consulting services in any one month to the Company and the Partnership pursuant to this provision. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) The parties agree that any
breach of this Section&nbsp;16 will result in irreparable harm to the <FONT STYLE="white-space:nowrap">non-breaching</FONT> party which cannot be fully compensated by monetary damages and accordingly, in the event of any breach or threatened breach
of this Section&nbsp;16, the <FONT STYLE="white-space:nowrap">non-breaching</FONT> party shall be entitled to injunctive relief. Should any provision of this Section&nbsp;16 be determined by a court of law or equity to be unreasonable or
unenforceable, the parties agree that to the extent it is valid and enforceable, they shall be bound by the same, the intention of the parties being that the parties be given the broadest protection allowed by law or equity with respect to such
provision. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">17. <U>Survival</U>. The provisions of Sections 3 through 22 shall survive the termination
of this Agreement to the extent necessary to enforce the rights and obligations described therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">18. <U>Compliance with Code
Section</U><U></U><U>&nbsp;409A</U>. For purposes of applying the provisions of Code Section&nbsp;409A to this Agreement, each separately identified amount to which the Employee is entitled under this Agreement shall be treated as a separate
payment. In addition, to the extent permissible under Code Section&nbsp;409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments. Whenever a payment under this Agreement specifies a
payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company or the Partnership, as the case may be. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">19. <U>Withholding</U>. The Company or the Partnership shall withhold from all payments to the Employee hereunder all amounts required to be
withheld under applicable local, state or federal income and employment tax laws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">20. <U>Clawbacks</U>. All incentive-based compensation
paid to the Employee hereunder will be subject to the policies of the Company and the Partnership regarding clawbacks of erroneously awarded incentive-based compensation triggered by an accounting restatement or misconduct, as required by law and/or
approved by the Board in the case of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">21. <U>Dispute Resolution</U>. Any dispute, controversy or claim between the Company or
the Partnership and the Employee or other person arising out of or relating to this Agreement shall be settled by arbitration conducted in the City of Jacksonville, Florida, in accordance with the National Rules for the Resolution of Employment
Disputes of the American Arbitration Association then in force and Florida law within thirty (30)&nbsp;days after written notice from one party to the other requesting that the matter be submitted to arbitration; provided that this Section&nbsp;21
shall not apply to, and the Company and the Partnership shall be free to seek, injunctive or other equitable relief with respect to any actual or threatened violation by the Employee of his or her obligations under Section&nbsp;16 hereof in any
court of competent jurisdiction. The arbitration decision or award shall be binding and final upon the parties. The arbitration award shall be in writing and shall set forth the basis thereof. The parties hereto shall abide by all awards rendered in
such arbitration proceedings, and all such awards may be enforced and executed upon in any court having jurisdiction over the party against whom enforcement of such award is sought. Each party shall be responsible for its own costs and expenses in
any dispute or proceeding regarding the enforcement of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">22. <U>Miscellaneous</U>. This Agreement shall be construed and
enforced in accordance with the laws of the State of Florida (exclusive of conflict of law principles). In the event that any provision of this Agreement shall be invalid, illegal or unenforceable, the remainder shall not be affected thereby. This
Agreement supersedes and terminates any prior employment agreement, severance agreement, change of control agreement or <FONT STYLE="white-space:nowrap">non-competition</FONT> agreement between the Company or the Partnership and the Employee. It is
intended that the payments and benefits provided under this Agreement are in lieu of, and not in addition to, termination, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

</DIV></Center>


<p Style='page-break-before:always'>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
severance or change of control payments and benefits provided under the other termination or severance plans, policies or agreements, if any, of the Company or the Partnership. This Agreement
shall be binding upon and inure to the benefit of the Employee and the Employee&#146;s heirs and personal representatives, the Company and the Partnership, and their successors, assigns and legal representatives. Headings herein are inserted for
convenience and shall not affect the interpretation of any provision of the Agreement. References to sections of the Exchange Act or the Code, or rules or regulations related thereto, shall be deemed to refer to any successor provisions, as
applicable. The Company and the Partnership will require any successors thereto (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to expressly assume and agree to perform under this Agreement in the same manner and to
the same extent that the Company and the Partnership would be required to perform if no such succession had taken place. This Agreement may not be terminated, amended, or modified except by a written agreement executed by the parties hereto or their
respective successors and legal representatives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">23. <U>Counterparts</U>. This Agreement may be signed in counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Signature pages to
follow) </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the parties hereto have executed this Agreement as of the day and
year first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">REGENCY CENTERS CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Martin E. Stein Jr.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Martin E. Stein Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Its Chairman&nbsp;&amp; Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">REGENCY CENTERS, L.P.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">REGENCY CENTERS CORPORATION</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Its General Partner</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Martin E. Stein Jr.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Martin E. Stein Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Its Chairman&nbsp;&amp; Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">EMPLOYEE</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Michael J. Mas</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Michael J. Mas</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
