Centro NP 8-K Entry into a Material Definitive Agreement

Exhibit 10.2

NEW PLAN EXCEL REALTY TRUST, INC.

Compensation for Named Executive Officers

Name & Principal Position	2004 Bonus
Glenn J. Rufrano Chief Executive Officer	$			800,000
Scott MacDonald President and Chief Operating Officer	$		225,000
John B. Roche Executive Vice President and Chief Financial Officer	$		250,000
Steven F. Siegel Executive Vice President, General Counsel and Secretary	$	180,000
Leonard I. Brumberg Executive Vice President	$	130,000