Medical Office Development Projects Clause Samples

Medical Office Development Projects. For each new development project completed between the years 2008 and 2012 by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Inc. (excluding existing development projects currently being developed or identified for development by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Inc. and its affiliates as of the execution date of this Agreement), the Executive will be entitled to receive equity-based awards equal to 0.5% of the asset value of each new completed and owned development project. 1 To be prorated to reflect a partial calendar year eginning with the execution date of this Agreement.