RPT Realty
EXHIBIT 10.2
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<DESCRIPTION>EXHIBIT 10.2
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      <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">Exhibit 10.2</div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">RPT REALTY</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">AMENDMENT NO. 1</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">TO</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">THE EMPLOYMENT AGREEMENT</div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">This Amendment No. 1 (this &#8220;Amendment&#8221;) to the Employment Agreement (the &#8220;Employment Agreement&#8221;), dated June 11, 2020, between Michael
      Fitzmaurice (&#8220;you&#8221;) and RPT Realty, Inc., a Michigan corporation (together with any such other entity as may be designated by the RPT Realty, a Maryland real estate investment trust (the &#8220;Trust&#8221;), to serve as your employer from time to time that
      either is the Trust or a subsidiary of the Trust, the &#8220;Employer&#8221;), is effective as of December 29, 2023.&#160; All capitalized terms used herein but not otherwise defined shall have the meaning given to such terms in the Employment Agreement.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">WHEREAS</font>, you and the Employer
      desire to amend certain provisions of the Employment Agreement.</div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOW, THEREFORE</font>, the Employment
      Agreement is hereby amended as follows:</div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Section 6(d)(iii) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:</font></div>
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    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8220;an amount equal to the product of 2.0 multiplied by the sum of (A) your annual Base Salary, plus (B) 150% of your STIP Target, each for
      the calendar year in which the termination occurs (such amount, the &#8220;Severance Payment&#8221;), which will be paid as follows:&#160; (i) the amount of the Severance Payment that exceeds the amount provided in Section 6(d)(iii) of the Employment Agreement prior
      to this Amendment will be paid in a lump sum as soon as practicable following the effectiveness of the Release but not later than the 60th day following your Termination Date (such payment timing, a &#8220;Lump Sum&#8221;); and (ii) the remaining amount of the
      Severance Payment will be paid in equal monthly installments over the twenty-four (24)-month period following your Termination Date, except that, of such remaining amount, (x) the portion scheduled to be paid on or prior to March 15 of the year
      following the year in which your Termination Date occurs will instead be paid in a Lump Sum, and (y) an amount exempt from Section 409A of the Code as &#8220;separation pay&#8221; pursuant to Treas. Reg. &#167;1.409A-1(b)(9)(iii) will be deducted from the back end of
      such installments (i.e., first reducing the last installment in its entirety and then reducing prior installments in reverse chronological order) and instead paid in a Lump Sum.&#8221;</div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Section 7(c) of the Employment Agreement is hereby deleted in its entirety and replaced with the following:</font></div>
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    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">&#8220;You will not at any time during your employment with the Trust, and for a period of one year following the termination of such
      employment for any reason during the Term, directly or indirectly, aid, assist, participate in, consult with, render services for, accept a position with, become employed by, or otherwise enter into any relationship with (other than being a passive
      investor in or being a customer of) any of the companies listed on <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Annex A</u></font> to this Agreement&#160; (or any of their successors or subsidiaries), which companies
      you acknowledge are competitors of the Trust as of the Effective Date (each, a &#8220;Competitor&#8221;).</div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Annex A</u></font> of the Employment Agreement is hereby deleted in its entirety and replaced
        with <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Annex A</u></font> attached hereto.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Except as so amended, the Employment Agreement is in all other respects hereby in full force and effect and is hereby confirmed.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This Amendment, together with the Employment Agreement, constitutes the entire understanding and agreement of the parties with respect to the transactions contemplated herein
        and supersedes all prior and contemporaneous understandings and agreements, whether written or oral, with respect to such transactions.</font></div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">[<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Signature Page Follows.</font>]</div>
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    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment as of the date set forth above.</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Michael Fitzmaurice</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Michael Fitzmaurice</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">RPT Realty</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Brian L. Harper</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Name:</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Brian L. Harper</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Title:</div>
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            <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">President and Chief Executive Officer</div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Signature Page to Employment Agreement Amendment</div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><u>Annex A</u></div>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><u>One year from termination for the following publicly traded REITS:</u></div>
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    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Regency Centers Corporation</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Urban Edge Properties</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Acadia Realty Trust</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">SITE Centers Corp</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Kite Realty Group Trust</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Phillips Edison &amp; Company, Inc.</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Inventrust Properties Corp.</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Brixmor Property Group Inc.</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Whitestone REIT</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Saul Centers, Inc.</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Federal Realty Investment Trust</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Retail Opportunity Investment Corp.</div>
    <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Alexander&#8217;s Inc.</div>
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