Introduction
Type of Plan Beginning December 30, 2010, no contributions will be made to this plan. Prior to that date, contributions were made according to the below sections. No individuals will become Participants after this date. The plan is named the Mid-America Apartment Communities, Inc. Employees' Stock Ownership Plan, but it will be referred to in this summary as the Plan . Plan Sponsor Mid-America Apartment Communities, Inc. is the sponsor of the Plan, and will sometimes be referred to in this summary as the "Sponsoring Employer," the "Employer," "we," "us" or "our". Our address is 6815 Poplar Avenue, Suite 500, Germantown, Tennessee 38138; our telephone number is (901) 682-6600; and our employer identification number is 62-1543819. Additional Adopting Employers Mid-America Apartments, L.P. and Post Asset Management, Inc. have also adopted this Plan as Adopting Employers for the benefit of any of their employees who are eligible to participate. Any reference to the Employer in this summary will generally also be a reference to any Adopting Employer. Purpose of this Summary This booklet is called a Summary Plan Description (the "SPD") and it is meant to describe highlights of the Plan in understandable language. It is not, however, meant to be a complete description of the Plan, nor is it meant to interpret, extend or change the provisions of the Plan in any way. If there is a conflict between this SPD and the Plan, the provisions of the Plan control your right to benefits. A copy of the Plan and related documents are on file with the Plan Administrator and you can read them at any reasonable time. Also, no provision of the Plan or this SPD is intended to give you the right to continued employment or to prohibit changes in the terms or conditions of your employment. If you have any questions that are not addressed in this SPD, you can contact the Plan Administrator (who is described in the next section) during normal business hours. Plan Administration Plan Trustees The Plan is administered under a written plan and trust agreement, with Andrew Schaeffer, Melanie Carpenter, and Leslie Wolfgang as the trustees. The trustees can be contacted at 6815 Poplar Avenue, Suite 500, Germantown, Tennessee 38138. Plan Administrator All matters other than investments that concern the operation of the Plan are the responsibility of the Plan Administrator (also referred to as the Administrator). The Employer is the Plan Administrator. The Plan Administrator's address is 6815 Poplar Avenue, Suite 500, Germantown, Tennessee 38138; the telephone number is (901) 682-6600; and the Tax Identification Number is 62-1543819. The Plan Administrator has the power and discretionary authority to interpret the terms of the Plan based on the Plan document and existing laws and regulations, as well as the power to determine all questions that arise under the Plan. Such power and authority include, for example, the administrative discretion necessary to resolve issues with respect to an Employee’s eligibility for benefits, credited service, Disability, and retirement, or to interpret any term contained in the Plan and related documents. The Plan Administrator’s interpretations and determinations are binding on all Participants, employees, former employees, and their beneficiaries. Plan Number For identification purposes, we have assigned number 002 to the Plan. Plan Year The Plan Year is the accounting year of the Plan, and it begins each January 1st and ends twelve consecutive months later on December 31st.
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