NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 10. INCENTIVE AND BENEFIT PLANS Incentive Plan  During 2002, our Board of Trust Managers adopted, and our shareholders approved, the 2002 Share Incentive Plan  of Camden Property Trust (the “2002 Share Plan”). Under the 2002 Share Plan, we may issue up to 10% of the total  of (i) the number of our common shares outstanding as of the plan date, February 5, 2002, plus (ii) the number of  our common shares reserved for issuance upon conversion of securities convertible into or exchangeable for our  common shares, plus (iii) the number of our common shares held as treasury shares. Compensation awards that can  be granted under the 2002 Share Plan include various forms of incentive awards, including incentive share options,  non-qualified share options and share awards. The class of eligible persons that can receive grants of incentive  awards under the 2002 Share Plan consists of key employees, consultants and non-employee trust managers as  determined by the compensation committee of our Board of Trust Managers. The 2002 Share Plan does not have a  termination date; however, no incentive share options will be granted under this plan after February 5, 2012. We also have a non-compensatory option plan (the “1993 Share Plan”) that was amended in 2000 by our shareholders  and Board of Trust Managers. The terms and conditions of the 1993 Share Plan are very similar to the 2002 Share  Plan, except that no incentive awards were able to be granted under the 1993 Share Plan after May 27, 2003. As the  terms and conditions of the 1993 Share Plan and the 2002 Share Plan are similar, when the term “plan” is used in the  following discussion, we are referring to the plan from which the incentive award was granted. 84 camden transforming