Unvested Units. Any Units granted on the Award Date pursuant to this Agreement shall be considered Unvested Units for purposes of this Agreement and shall be subject to the Restrictions until such time or times and except to the extent that the Director’s ownership interest in Units vests in accordance with the Vesting Schedule set forth on the first page of this Agreement.
Appears in 6 contracts
Samples: Restricted Unit Agreement (Avalonbay Communities Inc), Restricted Unit Agreement (Avalonbay Communities Inc), Restricted Unit Agreement (Avalonbay Communities Inc)
Unvested Units. Any Units granted on the Award Date pursuant to this Agreement shall be considered Unvested Units for purposes of this Agreement and shall be subject to the Restrictions until such time or times and except to the extent that the Director’s ownership interest in Units vests vest in accordance with the Vesting Schedule set forth on the first page of this Agreement.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Avalonbay Communities Inc)
