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Common use of Status as a Partner Clause in Contracts

Status as a Partner. As of the grant date set forth on the first page of this Agreement, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of such number of Award OPP Units as the Committee elects to issue to the Grantee as of such date pursuant to Section 3 hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A). The Partnership Agreement shall be amended from time to time as applicable to reflect the issuance to the Grantee of Award OPP Units pursuant to Section 3 hereof, whereupon the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to the number of OPP Units then held by the Grantee, as set forth in the Partnership Agreement, subject, however, to the restrictions and conditions specified herein and in the Partnership Agreement.

Appears in 2 contracts

Samples: Outperformance Plan Award Agreement (Northstar Realty), Outperformance Plan Award Agreement (Northstar Realty)

Status as a Partner. As of the grant date set forth on the first page of this AgreementSchedule A, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of such the number of Award OPP LTIP Units as the Committee elects to issue issued to the Grantee as of such date pursuant to Section 3 hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A). The Partnership Agreement shall be amended from time to time as applicable to reflect the issuance to the Grantee of Award OPP LTIP Units pursuant to Section 3 hereof, if any, whereupon the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to the number of OPP LTIP Units then held by the Grantee, as set forth in the Partnership Agreement, subject, however, to the restrictions and conditions specified herein and in the Partnership Agreement.

Appears in 1 contract

Samples: Ltip Units Award Agreement (Macerich Co)

Status as a Partner. As of the grant date set forth on the first page of this AgreementSchedule A, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of such the number of Award OPP Units as the Committee elects to issue issued to the Grantee as of such date pursuant to Section 3 hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A). The Partnership Agreement shall be amended from time to time as applicable to reflect the issuance to the Grantee of Award OPP Units pursuant to Section 3 hereof, if any, whereupon the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to the number of OPP Units then held by the Grantee, as set forth in the Partnership Agreement, subject, however, to the restrictions and conditions specified herein and in the Partnership Agreement.

Appears in 1 contract

Samples: 2006 Outperformance Plan Award Agreement (Vornado Realty Lp)

Status as a Partner. As of the grant date set forth on the first page of this AgreementSchedule A, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of such the number of Award OPP [ ]-2 LTIP Units as the Committee elects to issue issued to the Grantee as of such date pursuant to Section 3 hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A). The Partnership Agreement shall be amended from time to time as applicable to reflect the issuance to the Grantee of Award OPP [ ]-2 LTIP Units pursuant to Section 3 hereof, if any, whereupon the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to the total number of OPP [ ]-2 LTIP Units then held by the Grantee, as set forth in the Partnership Agreement, subject, however, to the restrictions and conditions specified herein and in the Partnership Agreement.

Appears in 1 contract

Samples: Performance Based Ltip Unit Award Agreement (Macerich Co)