GREYSTONE COMMUNITIES NONQUALIFIED DEFERRED COMPENSATION PLAN
ARTICLE I: PURPOSE
1. Generally .
The general purpose of the Greystone Communities Nonqualified Deferred Compensation Plan (the “Plan”) is
to provide certain designated employees of Greystone Communities Inc. (hereinafter “Company”) and its
Affiliates, the opportunity to participate in an unfunded, deferred compensation plan maintained by the Company
primarily for the purpose of providing deferred compensation for a select group of management or highly
compensated employees. It is the goal of the Company to maintain this Plan in order to allow its participants an
opportunity to defer compensation as a means of saving for retirement, disability, death and/or other purposes.
ARTICLE II: DEFINITIONS
For the purposes of this Plan, certain words or phrases used herein, whether used in the singular or plural form,
will have the following meanings:
The permanence and degree of a physical or mental impairment shall be demonstrated by competent
medical evidence, and a determination of disability shall be made in the sole discretion of the Plan
Administrator (defined below). The participant may appeal the decision of the Plan Administrator (defined
1. “ Administrative Agent ” means the person(s) designated by the Company, or Plan Administrator (defined
below) to perform ministerial acts in furtherance of the Plan’s purpose.
2. “ Affiliate ” means any successor entity of the Company, whether by merger, consolidation, or a sale of
substantially all of its assets, or any subsidiary or related entity of the Company which is a member of its
controlled group, within the meaning of Section 414(b) of the Code or trades or businesses (whether or
not incorporated) which are under common control within the meaning of Section 414(c) of the Code.
3. “ Code ” means the Internal Revenue Code of 1986, as amended, including applicable Treasury
4. “ Company ” means Greystone