OFFER OF EMPLOYMENT

Executive Employment Agreement

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This Executive Employment Agreement involves

GLIMCHER REALTY TRUST

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Title: OFFER OF EMPLOYMENT
Date: 7/11/2005
Industry: REOPER Sector: SERVIC

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Unassociated Document

Exhibit 10.109

You will be eligible to participate in the Company’s stock option plan as the same may be established and modified from time to time by the Board of Trustees of the Company. When you begin employment, you will be granted 15,000 stock options. In addition, option grants will be made annually each March at the discretion of the Board of Trustees of the Company. Options are granted at fa

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