Common use of Change in Control That Ends Performance Period Clause in Contracts

Change in Control That Ends Performance Period. If the Performance Period ends prior to December 31, 2020 upon a Change in Control, then (i) if the Participant remains in service as an Employee through such Change in Control, the Participant shall vest in full in the Eligible OPP Units, and (ii) if the Participant experienced a Qualifying Termination prior to such Change in Control, the Participant shall vest in a number of Eligible OPP Units determined in accordance with Section 2.3(b) hereof, and the Restrictions thereon shall lapse.

Appears in 1 contract

Samples: Opp Unit Agreement (Hudson Pacific Properties, L.P.)

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Change in Control That Ends Performance Period. If the Performance Period ends prior to December 31, 2020 2019 upon a Change in Control, then (i) if the Participant remains in service as an Employee through such Change in Control, the Participant shall vest in full in the Eligible OPP Units, and (ii) if the Participant experienced a Qualifying Termination prior to such Change in Control, the Participant shall vest in a number of Eligible OPP Units determined in accordance with Section 2.3(b) hereof, and the Restrictions thereon shall lapse.

Appears in 1 contract

Samples: Opp Unit Agreement (Hudson Pacific Properties, L.P.)

Change in Control That Ends Performance Period. If the Performance Period ends prior to December 31, 2020 2021 upon a Change in Control, then (i) if the Participant remains in service as an Employee through such Change in Control, the Participant shall vest in full in the Eligible OPP Units, and (ii) if the Participant experienced a Qualifying Termination prior to such Change in Control, the Participant shall vest in a number of Eligible OPP Units determined in accordance with Section 2.3(b) hereof, and the Restrictions thereon shall lapse.

Appears in 1 contract

Samples: Opp Unit Agreement (Hudson Pacific Properties, L.P.)

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Change in Control That Ends Performance Period. If the Performance Period ends prior to December 31, 2020 2018 upon a Change in Control, then (i) if the Participant remains in service as an Employee through such Change in Control, the Participant shall vest in full in the Eligible OPP Units, and (ii) if the Participant experienced a Qualifying Termination prior to such Change in Control, the Participant shall vest in a number of Eligible OPP Units determined in accordance with Section 2.3(b) hereof, and the Restrictions thereon shall lapse.

Appears in 1 contract

Samples: Opp Unit Agreement (Hudson Pacific Properties, L.P.)

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