Centro NP 8-K Entry into a Material Definitive Agreement

Exhibit 10.1

Compensation Schedule for Executive Officers

Name & Principal Position	2005 Bonus		Shares of Restricted Stock	Number of Stock Options
Glenn J. Rufrano Chief Executive Officer	$	800,000	15,960	220,990
John B. Roche Executive Vice President and Chief Financial Officer	300,000		4,990	69,060
Steven F. Siegel Executive Vice President, General Counsel and Secretary	220,000		3,990	55,250
Michael A. Carroll Executive Vice President—Real Estate Operations	200,000		3,990	55,250
Leonard I. Brumberg Executive Vice President—Portfolio Management	180,000		3,990	55,250
Dean R. Bernstein Executive Vice President—Acquisitions and Dispositions	200,000		3,990	55,250