Common use of Unit Option Plan Clause in Contracts

Unit Option Plan. The Partnership was expressly authorized hereby to adopt a Non-Qualified Unit Option Plan (the “Unit Option Plan”) pursuant to which options to acquire Class A Common Limited Partnership Units were granted to employees of the Partnership. The Unit Option Plan was merged into the Initial General Partner’s Stock Option Plan and the merged plan became the Amended and Restated Incentive Award Plan of the Initial General Partner. If options to acquire Units of Limited Partnership granted in connection with the Unit Option Plan become properly exercised:

Appears in 3 contracts

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/), Tanger Properties LTD Partnership /Nc/, Tanger Factory Outlet Centers Inc

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Unit Option Plan. The Partnership was expressly authorized hereby to adopt a Non-Qualified Unit Option Plan (the “Unit Option Plan”) pursuant to which options to acquire Class A Common Limited Partnership Units were granted to employees of the Partnership. The Unit Option Plan was merged into the Initial General Partner’s Stock Option Plan and the merged plan became the Amended and Restated Incentive Award Plan of the Initial General Partner. If options to acquire Units of Limited Partnership granted in connection with the Unit Option Plan become properly exercised:NY\5888591.8

Appears in 1 contract

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

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Unit Option Plan. NY\5888591.8 The Partnership was expressly authorized hereby to adopt a Non-Qualified Unit Option Plan (the “Unit Option Plan”) pursuant to which options to acquire Class A Common Limited Partnership Units were granted to employees of the Partnership. The Unit Option Plan was merged into the Initial General Partner’s Stock Option Plan and the merged plan became the Amended and Restated Incentive Award Plan of the Initial General Partner. If options to acquire Units of Limited Partnership granted in connection with the Unit Option Plan become properly exercised:

Appears in 1 contract

Samples: Limited Partnership Agreement (Tanger Properties LTD Partnership /Nc/)

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