Vesting of Award LTIP Units. The LTIP Units are subject to time-based vesting over a period of three years, subject to the Grantee’s Continuous Service, as follows:
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Samples: Term Incentive Plan Award Agreement (Mack Cali Realty L P), Term Incentive Plan Award Agreement (Mack Cali Realty L P), Term Incentive Plan Award Agreement (Mack Cali Realty L P)
Vesting of Award LTIP Units. (a) The Award LTIP Units are subject to time-based vesting over a period of three five (5) years. With respect to one hundred percent (100%) of the Award LTIP Units, vesting shall occur in substantially equal installments commencing on [ ], and on each of the first, second, third and fourth anniversaries thereof (each a “Vesting Date”), subject to the Grantee’s Continuous Service, as follows:continuous employment with the Company through each applicable Vesting Date.
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