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			&lt;font style="display: inline;font-weight:bold;font-size:10pt;"&gt;11.&amp;nbsp;&amp;nbsp; &lt;/font&gt;&lt;font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"&gt;EMPLOYEE BENEFIT 401(k) PLANS&lt;/font&gt;&lt;font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"&gt; AND DEFERRED RETIREMENT&lt;/font&gt;&lt;br /&gt;&lt;font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"&gt;&lt;/font&gt;&lt;font style="display: inline;font-weight:bold;font-size:10pt;"&gt;&amp;nbsp;&lt;/font&gt;&lt;font style="display: inline;font-weight:bold;font-size:10pt;text-decoration:underline;"&gt;COMPENSATION AGREEMENTS&lt;/font&gt;
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			&lt;font style="display: inline;font-size:10pt;"&gt;&amp;nbsp;&lt;/font&gt;
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			&lt;font style="display: inline;font-size:10pt;"&gt;Employees of the Company, who meet certain minimum age and service requirements, are eligible to participate in the Mack-Cali Realty Corporation 401(k) Savings/Retirement Plan (the &amp;#x201C;401(k) Plan&amp;#x201D;).&amp;nbsp;&amp;nbsp;Eligible employees may elect to defer from &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;one&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; percent up to &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;60&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; percent of their annual compensation on a pre-tax basis to the 401(k) Plan, subject to certain limitations imposed by federal law.&amp;nbsp;&amp;nbsp;The amounts contributed by employees are immediately vested and non-forfeitable.&amp;nbsp;&amp;nbsp;The Company may make discretionary matching or profit sharing contributions to the 401(k) Plan on behalf of eligible participants in any plan year.&amp;nbsp; &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;Participants are always &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;100&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; percent vested in their pre-tax contributions and will begin vesting in any matching or profit sharing contributions made on their behalf after &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;two&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; years of service with the Company at a rate of &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;20&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; percent per year, becoming &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;100&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; percent vested after a total of &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;six&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; years of service with the Company.&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; &amp;nbsp;All contributions are allocated as a percentage of compensation of the eligible participants for the Plan year.&amp;nbsp;&amp;nbsp;The assets of the 401(k) Plan are held in trust and a separate account is established for each participant.&amp;nbsp;&amp;nbsp;A participant may receive a distribution of his or her vested account balance in the 401(k) Plan in a single sum or in installment&lt;/font&gt;&lt;font style="display: inline;"&gt;&amp;nbsp;&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;payments upon his or her termination of service with the Company.&amp;nbsp;&amp;nbsp;The &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;401(k) P&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;lan was recently amended to provide for employees of the &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;Roseland business&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; to receive matching contributions.&amp;nbsp;&amp;nbsp;Total expense recognized by the Company for the 401(k) Plan for &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;the&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;&amp;nbsp;&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;three&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;June 30, 2013&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; and 2012 &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;wa&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;s $&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;29,000&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;&amp;nbsp;&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;and &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;zero&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;, respectively&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;, and $&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;67,000&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; and &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;zero&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; for the &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;six&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;June 30, 2013&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; and 2012, respectively&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;. &amp;nbsp;&lt;/font&gt;
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			&lt;font style="display: inline;font-size:10pt;"&gt;On September 12, 2012, the Board of Directors of the Company approved multi-year deferred retirement compensation agreements for those executive officers in place on such date (the &amp;#x201C;Deferred Retirement Compensation Agreements&amp;#x201D;).&amp;nbsp;&amp;nbsp;Pursuant to the Deferred Retirement Compensation Agreements, the Company will make annual contributions of stock units (&amp;#x201C;Stock Units&amp;#x201D;) representing shares of the Company&amp;#x2019;s common stock on January 1 of each year from 2013 through 2017 into a deferred compensation account maintained on behalf of each Messrs. Hersh, Lefkowitz and Thomas.&amp;nbsp;&amp;nbsp;The annual contribution for Messrs. Hersh, Lefkowitz and Thomas shall be in an amount of Stock Units equal to $&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;500,000&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;, $&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;160,000&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; and $&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;100,000&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;, respectively. &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; The Company granted &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;25,333&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; Stock Units in the &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;six&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; months ended &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;June 30, 2013&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;.&amp;nbsp; &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;Vesting of each annual contribution of Stock Units will occur on December 31 of each year, subject to continued employment. Upon the payment of dividends on the Company&amp;#x2019;s common stock, Messrs. Hersh, Lefkowitz and Thomas shall be entitled to dividend equivalent payments in respect of both vested and unvested Stock Units payable in the form of additional Stock Units.&amp;nbsp;&amp;nbsp;The Stock Units shall become payable within &lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt;30&lt;/font&gt;&lt;font style="display: inline;font-size:10pt;"&gt; days after the earliest of any of the following triggering events: (a) the executive&amp;#x2019;s death or disability; (b) the date of the executive&amp;#x2019;s separation from service to the Company; and (c) the effective date of a change in control, in each case as such terms are defined in the employment agreements of Messrs. Hersh, Lefkowitz and Thomas.&amp;nbsp;&amp;nbsp;Upon the occurrence of a triggering event, the Stock Units shall be paid in cash based on the closing price of the Company&amp;#x2019;s common stock on the date of such triggering event.&amp;nbsp;&lt;/font&gt;
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