Common use of Future Stock Incentive Plans Clause in Contracts

Future Stock Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner, the Special Limited Partner or Parent from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Special Limited Partner, Parent, the Partnership or any of their Affiliates. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares or Parent Shares, or the issuance of restricted or unrestricted REIT Shares or restricted or unrestricted Parent Shares), whether taken with respect to or by an employee or other service provider of Parent, the Special Limited Partner, the Partnership or its Subsidiaries, in a manner reasonably determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may adopt or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan or implementation guideline is adopted, modified or terminated by the General Partner, the Special Limited Partner or Parent, amendments to this Agreement may become necessary or advisable and that any such amendments requested by the General Partner, the Special Limited Partner or Parent shall not require any Consent or approval by the Limited Partners or any other Person.

Future Stock Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner, Partner or the Special Limited Partner or Parent from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Special Limited Partner, Parent, the Partnership or any of their AffiliatesAffiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares or Parent Shares, or the issuance of restricted or unrestricted REIT Shares or restricted or unrestricted Parent Shares), whether taken with respect to or by an employee or other service provider of Parent, the Special Limited Partner, the Partnership or its Subsidiaries, in a manner reasonably determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may adopt establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan or implementation guideline is adopted, modified or terminated by the General Partner, Partner or the Special Limited Partner or ParentPartner, amendments to this Agreement may become necessary or advisable and that any such amendments requested by the General Partner, Partner or the Special Limited Partner or Parent shall not require any Consent or approval by the Limited Partners or any other PersonPartners.

Future Stock Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner, Partner or the Special Limited Partner or Parent from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Special Limited Partner, Parent, the Partnership or any of their AffiliatesAffiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares or Parent Shares, or the issuance of restricted or unrestricted REIT Shares or restricted or unrestricted Parent Shares), whether taken with respect to or by an employee or other service provider of Parent, the Special Limited Partner, the Partnership or its Table of Contents Subsidiaries, in a manner reasonably determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may adopt establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan or implementation guideline is adopted, modified or terminated by the General Partner, Partner or the Special Limited Partner or ParentPartner, amendments to this Agreement may become necessary or advisable and that any such amendments requested by the General Partner, Partner or the Special Limited Partner or Parent shall not require any Consent or approval by the Limited Partners or any other PersonPartners.