EX-10.6 8 g84468exv10w6.txt FORM OF AMEND. #1 TO CHANGE OF CONTROL AGREEMENT EXHIBIT 10.6 AMENDMENT NUMBER ONE TO CHANGE IN CONTROL AGREEMENT This Amendment Number One is made to the Change in Control Agreement by and between Post Properties, Inc., or "Post", and _____________________, or "Executive"; WHEREAS, Post and Executive previously entered into a Change in Control Agreement; and WHEREAS, Post and Executive desire to adopt this Amendment Number One to correct two typographical errors in Executive's Change in Control Agreement; NOW, THEREFORE, Post and Executive hereby agree as follows: Section 1. The reference to " Section 1.2(e)" in the introduction to the definition of the term "Cause" in Section 1.2 of Executive's Change in Control Agreement shall be corrected to refer " Section 1.2(d)". Section 2. The figure "1.40%" in Section 2(a)(4)(c) of Executive's Change in Control Agreement shall be corrected to "140%." Section 3. The corrections made in this Amendment Number One to Executive's Change in Control Agreement shall be effective retroactive to the date Executive's Change in Control Agreement was executed. Section 4. This Amendment Number One may be executed in counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same Amendment Number One. IN WITNESS WHEREOF, Post and Executive have executed this Amendment Number One to Executive's Change in Control Agreement this __ day of ____, 2002. POST PROPERTIES, INC. BY: ______________________________ EXECUTIVE __________________________________ SCHEDULE: EXECUTIVE OFFICERS WITH AMENDMENTS NO. 1 TO CHANGE IN CONTROL AGREEMENTS Janet M. Appling Sherry W. Cohen John D. Hooks Jane S. Maddox John B. Mears Sheila James Teabo Thomas L. Wilkes -2-