Common use of Stock Incentive Plan Clause in Contracts

Stock Incentive Plan. If at any time or from time to time the General Partner sells or issues REIT Shares pursuant to any Stock Incentive Plan, the General Partner shall contribute any proceeds therefrom to the Partnership as an additional Capital Contribution and shall receive an amount of additional Partnership Units equal to the number of REIT Shares so sold or issued. The General Partner's Capital Account shall be increased by the amount of cash so contributed.

Stock Incentive Plan. If at any time or from time to time the General Partner sells or issues REIT Shares pursuant to any Stock Incentive Plan, the General Partner shall contribute any proceeds therefrom to the Partnership as an additional Capital Contribution and shall receive an amount of additional Partnership Units equal to the number of REIT Shares so sold or issued. The General Partner's ’s Capital Account shall be increased by the amount of cash so contributed.

Stock Incentive Plan. If at any time or from time to time the General Partner issues or sells or issues REIT Shares pursuant to any the Stock Incentive Option Plan, it may contribute the General Partner shall contribute any proceeds therefrom to the Partnership as an additional Capital Contribution as provided in Section 4.3. In consideration for such contribution, the General Partner's Capital Account shall be adjusted as provided in this Agreement and the General Partner shall receive an amount be issued a number of additional Partnership Units equal to the number of REIT Shares so sold issued or issued. The General Partner's Capital Account shall be increased by the amount of cash so contributedsold.