Vesting and Earning of Award LTIP Units. (a)This Award is subject to performance vesting during the Performance Period and service vesting tied to Continuous Service of the Employee thereafter as specified herein. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period during the Performance Period, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 3 contracts
Samples: JBG SMITH Properties, JBG SMITH Properties, JBG SMITH Properties
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinfor one year after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, and Extended Performance Period, if applicable, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 3 contracts
Samples: Performance Ltip Unit Agreement (JBG SMITH Properties), Performance Ltip Unit Agreement (JBG SMITH Properties), Performance Ltip Unit Agreement (JBG SMITH Properties)
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting and a continuous service requirement during and for one additional year following the end of the Performance Period and service vesting tied to Continuous Service of the Employee thereafter as specified hereinPeriod. The Award LTIP Units will be subject to forfeiture based on the Company’s failure performance to achieve the Hurdle Price Level for extent provided in this Agreement. On a consecutive twenty date (20the “Determination Date”) trading day period during within 75 calendar days after the earlier of the end of the Performance Period, as set forth in this Section 3, subject to Section 5 hereof in Period or the event effective date of a Change in Control.Control (as defined below) (the “Measurement Date”), the Committee shall calculate the number of LTIP Units that were earned as follows:
Appears in 2 contracts
Samples: Ltip Unit Award Agreement (Cottonwood Communities, Inc.), Ltip Unit Award Agreement (Cottonwood Communities, Inc.)
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinfor two years after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, Period as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 2 contracts
Samples: Omnibus Share Plan (Urban Edge Properties LP), Omnibus Share Plan (Urban Edge Properties)
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting and a continuous service requirement during the Performance Period and service vesting tied to Continuous Service of the Employee thereafter as specified hereinPeriod. The Award LTIP Units will be subject to forfeiture based on the Company’s failure performance to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period during the Performance Period, as set forth extent provided in this Section 3, subject to Section 5 hereof in the event of a Change in ControlAgreement.
Appears in 2 contracts
Samples: Ltip Unit Award Agreement (Duke Realty Limited Partnership/), Ltip Unit Award Agreement (Duke Realty Limited Partnership/)
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinfor one year after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, Period as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 2 contracts
Samples: Performance Ltip Unit Agreement (JBG SMITH Properties), Performance Ltip Unit Agreement (JBG SMITH Properties)
Vesting and Earning of Award LTIP Units. (a)This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinfor one year after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, and Extended Performance Period, if applicable, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control..
Appears in 1 contract
Samples: JBG SMITH Properties
Vesting and Earning of Award LTIP Units. (a)This a) This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinParticipant for two years after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, Period as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 1 contract
Samples: Performance Ltip Unit Award Agreement (Paramount Group, Inc.)
Vesting and Earning of Award LTIP Units. (a)This Award is subject to performance vesting during the Performance Period and service vesting thereafter tied to Continuous Service of the Employee thereafter as specified hereinfor one year after the last day of the Performance Period. The Award LTIP Units will be subject to forfeiture based on the Company’s failure to achieve the Hurdle Price Level for a consecutive twenty (20) trading day period Total Shareholder Return and Relative Performance during the Performance Period, and Extended Performance Period, if applicable, as set forth in this Section 3, subject to Section 5 hereof in the event of a Change in Control.
Appears in 1 contract
Samples: JBG SMITH Properties