Common use of Additional Holding Period Clause in Contracts

Additional Holding Period. In addition to any restrictions imposed pursuant to Paragraph 5, if the Grantee is the Chief Executive Officer of the Trust, an Executive Vice President or a Senior Vice President, the Grantee hereby agrees that he or she shall hold any Shares received pursuant to PSUs granted under this Award for a minimum of one year from the date such Shares are received, even if the Grantee is otherwise in compliance with the Share Retention Requirements.

Appears in 1 contract

Samples: Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust)

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Additional Holding Period. In addition to any restrictions imposed pursuant to Paragraph 5, if the Grantee is the Chief Executive Officer of the Trust, an Executive Vice President or a Senior Vice President, the Grantee hereby agrees that he or she shall hold any Shares received pursuant to PSUs RSUs granted under this Award for a minimum of one year from the date such Shares are received, even if the Grantee is otherwise in compliance with the Share Retention Requirements.

Appears in 1 contract

Samples: Restricted Share Unit and Dividend Equivalent Rights Award Agreement (Pennsylvania Real Estate Investment Trust)

Additional Holding Period. In addition to any restrictions imposed pursuant to Paragraph 59, if the Grantee is the Chief Executive Officer of the Trust, an Executive Vice President or a Senior Vice President, the Grantee hereby agrees that he or she shall hold any Shares received pursuant to PSUs RSUs granted under this Award for a minimum of one year from the date such Shares are received, even if the Grantee is otherwise in compliance with the Share Retention Requirements.

Appears in 1 contract

Samples: Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust)

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Additional Holding Period. In addition to any restrictions imposed pursuant to Paragraph Section 5, if the Grantee is the Chief Executive Officer CEO of the Trust, an Executive Vice President or a Senior Vice President, the Grantee hereby agrees that he or she shall hold any Shares received pursuant to PSUs RSUs granted under this Award for a minimum of one year from the date such Shares are received, even if the Grantee is otherwise in compliance with the Share Retention Requirements.

Appears in 1 contract

Samples: Award Agreement (Pennsylvania Real Estate Investment Trust)

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