Grant of Performance Unit Award. In accordance with the Plan, and effective as of February 14, 2018 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Award (the “Award”) with respect to [__________] Performance Units, which are referred to herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100% of the Target Performance Units may be earned but under no circumstances may more than 200% of the Target Performance Units be earned. The Award includes Dividend Equivalent Rights as described in Section 6.
Appears in 1 contract
Samples: Performance Unit Award Agreement (Pebblebrook Hotel Trust)
Grant of Performance Unit Award. In accordance with the Plan, and effective as of February 14December 13, 2018 2013 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Retention Award (the “Award”) with respect to [____________] Performance Units, of which [__________] Performance Units are referred to herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100the number of Performance Units that may be earned may range from a minimum of 0% of the Target Performance Units may be earned but under no circumstances may more than to a maximum of 200% of the Target Performance Units be earnedUnits. The Award includes Dividend Equivalent Rights as described in Section 6.
Appears in 1 contract
Samples: Performance Unit Retention Award Agreement (Pebblebrook Hotel Trust)
Grant of Performance Unit Award. In accordance with the Plan, and effective as of February 1412, 2018 2020 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Award (the “Award”) with respect to [__________] Performance Units, which are number of Performance Units is referred to herein as the “Aggregate Target Performance UnitsAmount”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100% of the Aggregate Target Amount of Performance Units may be earned earned, but under no circumstances may more than 200% of the Aggregate Target Amount of Performance Units be earned, regardless of the degree of performance for any Measurement Period. The Award includes Dividend Equivalent Rights as described in Section 6.
Appears in 1 contract
Samples: Performance Unit Award Agreement (Pebblebrook Hotel Trust)
Grant of Performance Unit Award. In accordance with the Plan, and effective as of February 1411, 2018 2015 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Award (the “Award”) with respect to [__________] Performance Units, of which [_____________] Performances Units are referred to herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100% of the Target Performance Units may be earned but under no circumstances may more than 200% of the Target Performance Units be earned. The Award includes Dividend Equivalent Rights as described in Section 6.
Appears in 1 contract
Samples: Performance Unit Award Agreement (Pebblebrook Hotel Trust)
Grant of Performance Unit Award. In accordance with the Plan, and effective as of 4th day of February 14, 2018 2014 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Award (the “Award”) with respect to [__________] Performance Units, of which [_____________] Performances Units are referred to herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100% of the Target Performance Units may be earned but under no circumstances may more than 200% of the Target Performance Units be earned. The Award includes Dividend Equivalent Rights as described in Section 6.
Appears in 1 contract
Samples: Performance Unit Award Agreement (Pebblebrook Hotel Trust)