Common use of Qualified Event Clause in Contracts

Qualified Event. In the event that the first Triggering Event to occur is a Qualified Event, upon the applicable Vesting Date, the Participant shall be entitled to receive a number of Shares having an aggregate value on the applicable Vesting Date equal to the Fair Market Value on the applicable Vesting Date of the Share Units subject to this Award.

Appears in 6 contracts

Samples: Executive Employment Agreement (InvenTrust Properties Corp.), Share Unit Award Agreement (InvenTrust Properties Corp.), Share Unit Award Agreement (Xenia Hotels & Resorts, Inc.)

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Qualified Event. In the event that the first Triggering Event to occur is a Qualified Event, upon the each applicable Vesting Date, the Participant shall be entitled to receive a number of Shares having an aggregate value on the applicable Vesting Date equal to the Fair Market Value on the applicable Vesting Date of the Share Units subject to this Awardthat vest on the applicable Vesting Date.

Appears in 4 contracts

Samples: Share Unit Award Agreement (Xenia Hotels & Resorts, Inc.), Share Unit Award Agreement (Inland American Real Estate Trust, Inc.), Share Unit Award Agreement (Inland American Real Estate Trust, Inc.)

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