Exhibit 10.44
March 27, 2000
Mr. ▇▇▇▇▇▇ ▇▇▇▇▇▇
c/o New Plan Excel Realty Trust, Inc.
▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
Re: Employment Agreement (the "Agreement"), dated as of September 25, 1998,
by and between ▇▇▇▇▇▇ ▇▇▇▇▇▇ ("Executive") and New Plan Excel Realty Trust,
Inc. (the "Company")
Dear ▇▇. ▇▇▇▇▇▇:
In reference to the Employment Agreement and in connection with the replacement
of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ as Chief Executive Officer of the Company, please be advised
that the Company is hereby providing you with written notice of two automatic
one year renewals under the Agreement. Accordingly, the "Employment Period"
under the Agreement shall continue through December 31, 2003, subject to the
extension provisions contained in Section 2 of the Agreement.
Sincerely,
New Plan Excel Realty Trust, Inc.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Its: CEO
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