RMR and RMR Managed Company Share Grants. a. RMR will recommend to the Boards of Directors of RMR Inc. and to the Boards of Trustees and Boards of Directors of Government Properties Income Trust, Hospitality Properties Trust, Senior Housing Properties Trust, Select Income REIT and Five Star Senior Living Inc. (together, the “RMR Managed Companies”) that all of your existing stock grants vest (which vesting includes the lifting of any restrictions) immediately in full upon December 31, 2017 and that you will be permitted to settle any resulting tax liability with vesting shares, commonly referred to as “net share settlement”, on a company-by-company basis. RMR will cooperate with you in removing any restrictive legends from your vested shares in the RMR Managed Companies.
Appears in 2 contracts
Samples: Letter Agreement (RMR Group Inc.), Letter Agreement (Travelcenters of America LLC)
RMR and RMR Managed Company Share Grants. a. RMR will recommend to the Boards of Directors of RMR Inc. and to the Boards of Trustees and Boards of Directors of Government Industrial Logistics Properties Trust, Office Properties Income Trust, Hospitality Service Properties Trust, Senior Housing Properties Trust, Select Income REIT Tremont Mortgage Trust and Five Star Senior Living Inc. (together, the “RMR Managed Companies”) that all of your existing stock grants vest (which vesting includes the lifting of any restrictions) immediately in full upon December 31, 2017 the Retirement Date and that you will be permitted to settle any resulting tax liability with vesting shares, commonly referred to as “net share settlement”, ,” on a company-by-company basis. RMR will cooperate with you in removing any restrictive legends from your vested shares in the RMR Managed Companies.
Appears in 2 contracts
Samples: Letter Agreement (RMR Group Inc.), Letter Agreement (TravelCenters of America Inc. /MD/)
RMR and RMR Managed Company Share Grants. a. Sometime before the Retirement Date, RMR will recommend to the Boards Board of Directors of RMR Inc. and to the Boards of Trustees and Boards of Directors of Government Properties Income Trust, Hospitality Properties Trust, Senior Housing Properties Trust, Select Income REIT REIT, SNH, Travel Centers of America LLC and Five Star Senior Living Inc. (together, the “RMR Managed Companies”) that all of your existing stock grants vest (which vesting includes the lifting of any restrictions) immediately in full upon December 31, 2017 the Retirement Date and that you will be permitted to settle any resulting tax liability with vesting shares, commonly referred to as “net share settlement”, ,” on a company-by-company basis. RMR will cooperate with you in removing any restrictive legends from your vested shares in the RMR Managed Companies.
Appears in 1 contract
Samples: Letter Agreement (RMR Group Inc.)
RMR and RMR Managed Company Share Grants. a. RMR will recommend to the Boards of Directors of The RMR Group Inc. (“RMR Inc.”) and to the Boards of Trustees and Boards of Directors of Government Industrial Logistics Properties Trust, Office Properties Income Trust, Hospitality Service Properties Trust, Senior Housing Properties Diversified Healthcare Trust, Select Income REIT Tremont Mortgage Trust and Five Star Senior Living Inc. (together, the “RMR Managed Companies”) that all of your existing stock grants vest (which vesting includes the lifting of any restrictions) immediately in full upon December 31, 2017 the Effective Date and that you will be permitted to settle any resulting tax liability with vesting shares, commonly referred to as “net share settlement”, ,” on a company-by-company basis. RMR will cooperate with you in removing any restrictive legends from your vested shares in the RMR Managed Companies.
Appears in 1 contract
Samples: Letter Agreement (TravelCenters of America Inc. /MD/)