EX-10.2
EASTGROUP PROPERTIES INC
SEVERANCE AND CHANGE IN CONTROL AGREEMENT
AGREEMENT by and between EastGroup Properties, Inc., a Maryland corporation (the “Company”), with offices at 400 W Parkway Place, Suite 100, Ridgeland, Mississippi 39157, and _____________(the “Executive”), effective as of __________(the “Effective Date”).
WHEREAS, the Company recognizes that the current business environment makes it difficult to attract and retain highly qualified executives unless a certain degree of security can be offered to such individuals against organizational and personnel changes that frequently follow changes in control of an organization; and
WHEREAS, even rumors of acquisitions or mergers may cause executives to consider major career changes in an effort to assure financial security for themselves and their families; and
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