Common use of Grant of LTIP Units Clause in Contracts

Grant of LTIP Units. [ ] (the “Grantee”), is hereby awarded [ ] LTIP Units (the “LTIP Units”) in NSA OP, LP (the “Partnership”), on the date hereof subject to the terms and conditions of this LTIP Unit Award Agreement (this “Agreement”) and subject to the provisions of the NSA OP, LP 2013 Long-Term Incentive Plan (the “Plan”) and the Second Amended and Restated Limited Partnership Agreement of the Partnership, dated as of December 31, 2013 (the “Partnership Agreement”), as amended. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. Definitions not included herein shall have the meaning set forth in the Plan and Partnership Agreement, as applicable.

Grant of LTIP Units. [ [] (the “Grantee”), is hereby awarded [ [] LTIP Units (the “LTIP Units”) in NSA OP, LP (the “Partnership”), by National Storage Affiliates Trust, in its sole capacity as general partner of the Partnership, on the date hereof subject to the terms and conditions of this 2017 LTIP Unit Award Agreement (this “Agreement”) and subject to the provisions of the NSA OP, LP 2013 Long-Term National Storage Affiliates Trust 2015 Equity Incentive Plan (the “Plan”) and the Second Third Amended and Restated Limited Partnership Agreement of the Partnership, dated as of December 31April 28, 2013 2015 (as amended, the “Partnership Agreement”), as amended. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. Definitions not included herein shall have the meaning set forth in the Plan and Partnership Agreement, as applicable.