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| RAS > SEC Filings for RAS > Form 8-K on 1-Feb-2013 | All Recent SEC Filings |
1-Feb-2013
Change in Directors or Principal Officers, Financial Statements and Exhibits
On January 29, 2013, the compensation committee of the board of trustees of RAIT Financial Trust ("RAIT") adopted the following forms to evidence grants made on January 29, 2013 pursuant to the RAIT Financial Trust 2012 Incentive Award Plan (the "Plan") to certain officers and employees of RAIT, including RAIT's chief executive officer, chief financial officer and other named executive officers (as defined in instruction 4 to Item 5.02 of Form 8-K):
• a Form of Share Appreciation Rights Award Agreement (the "Form of SARs Award"); and
• a Form of Share Award Grant Agreement for participants other than non-management trustees (the "Form of Participant Share Award").
The Form of SARs Award sets forth the vesting, exercise, settlement and other terms of share appreciation rights awards granted pursuant to the Plan. The Form of Participant Share Award sets forth the vesting and other terms of share awards granted pursuant to the Plan. The foregoing descriptions of the Form of SARs Award and Form of Participant Share Award do not purport to be complete and are qualified in their entirety by reference to the full text of the Form of SARs Award and Form of Participant Share Award filed as Exhibits 10.1 and 10.2 hereto, respectively, and incorporated herein by reference.
On February 1, 2013, RAIT and Jack E. Salmon, one of RAIT's named executive officers, entered into a separation agreement (the "Separation Agreement") whereby, on the terms and conditions of the Separation Agreement, Mr. Salmon is resigning as an employee of RAIT effective February 28, 2013. The Separation Agreement sets forth the payments due and other terms and conditions of Mr. Salmon's resignation. The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of this agreement filed as Exhibit 10.3 hereto, and incorporated herein by reference.
(d) Exhibits.
The exhibits filed as part of this Current Report on Form 8-K are identified in the Exhibit Index immediately following the signature page of this report. Such Exhibit Index is incorporated herein by reference.
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