Common use of Special Performance LTIP Units Clause in Contracts

Special Performance LTIP Units. Subject to the Executive’s continuous employment hereunder through each grant date, the Executive shall be granted additional LTIP Units under the Plan in respect of each performance period (each, a “Special Performance Period”) consisting of the period from the Effective Date through (i) December 31, 2016 (the “First Special PP”), (ii) December 31, 2017 (the “Second Special PP”) and (iii) December 31, 2018 (the “Third Special PP”) (collectively, the “Special Performance LTIP Units”).

Appears in 2 contracts

Samples: Employment Agreement (Washington Prime Group Inc.), Employment Agreement (Washington Prime Group Inc.)

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Special Performance LTIP Units. i. Subject to the Executive’s continuous employment hereunder through each grant date, the Executive shall be granted additional LTIP Units under the Plan in respect of each performance period (each, a “Special Performance Period”) consisting of the period from the Effective Date through (iA) December 31, 2016 (the “First Special PP”), (iiB) December 31, 2017 (the “Second Special PP”) and (iiiC) December 31, 2018 (the “Third Special PP”) (collectively, the “Special Performance LTIP Units”).

Appears in 2 contracts

Samples: Employment Agreement (Washington Prime Group Inc.), Employment Agreement (Glimcher Realty Trust)

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Special Performance LTIP Units. (A) Subject to the Executive’s continuous employment hereunder through each grant date, the Executive shall be granted additional LTIP Units under the Plan in respect of each performance period (each, a “Special Performance Period”) consisting of the period from the Effective Date through (i) December 31, 2016 2015 (the “First Special PP”), (ii) December 31, 2017 2016 (the “Second Special PP”) and (iii) December 31, 2018 2017 (the “Third Special PP”) (collectively, the “Special Performance LTIP Units”).

Appears in 1 contract

Samples: Employment Agreement (SPG SpinCo Subsidiary Inc.)

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