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EQR » Topics » LONG-TERM INCENTIVE PLAN AWARDS FOR 2005

This excerpt taken from the EQR DEF 14A filed Apr 17, 2006.

LONG-TERM INCENTIVE PLAN AWARDS FOR 2005

  Number of Target    
  Name       Performance Share Units       Performance Period  
Bruce W. Duncan   15,828    1-01-2006  –  12-31-2006(1) 
David J. Neithercut         8,528  1-01-2006  –  12-31-2008 
Gerald A. Spector     8,411  1-01-2006  –  12-31-2008 
Alan W. George     4,439  1-01-2006  –  12-31-2008 
Frederick C. Tuomi     4,088  1-01-2006  –  12-31-2008 

(1)       Pursuant to Mr. Duncan’s employment agreement, his 2005 performance shares vested upon issuance at the 100% level, with the remaining shares, if any, to be issued in early 2007, based on the Company’s actual performance level achieved during 2006. These shares are reflected in the “Long-Term Incentive Payouts” column of the Summary Compensation Table above.

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     Notwithstanding anything to the contrary set forth in any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that might incorporate future filings, including this Proxy Statement, in whole or in part, the Compensation Committee Report on Executive Compensation and the Audit Committee Report presented above as well as the Performance Graph following such reports shall not be incorporated by reference into any such future filings.

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