Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 2 contracts
Samples: Long Term Incentive Plan Unit Vesting Agreement (Pebblebrook Hotel Trust), Long Term Incentive Plan Unit Vesting Agreement (Pebblebrook Hotel Trust)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee Management Agreement remains an employee of the Company or an Affiliate (as defined in the Plan) effective from the Closing Grant Date until such Vesting Date or Dates. Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 2 contracts
Samples: Ltip Unit Vesting Agreement (Bluerock Residential Growth REIT, Inc.), Ltip Unit Vesting Agreement (Bluerock Residential Growth REIT, Inc.)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee Management Agreement remains an employee of the Company or an Affiliate (as defined in the Plan) effective from the Closing Grant Date until such Vesting Date or Dates. Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 2 contracts
Samples: Ltip Unit Vesting Agreement (Bluerock Residential Growth REIT, Inc.), Ltip Unit Vesting Agreement (Bluerock Residential Growth REIT, Inc.)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 1 contract
Samples: Long Term Incentive Plan Unit Vesting Agreement (Pebblebrook Hotel Trust)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Date or Dates specified belowin the following schedule, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in affiliate of the Plan) Company from the Closing Date until such Vesting Date or Dates. Subsequent to such If a series of Vesting Date or DatesDates is specified, then the LTIP Units on which all restrictions and conditions have lapsed in Section 2 shall no longer be deemed restrictedlapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date.
Appears in 1 contract
Samples: Long Term Incentive Plan Unit Vesting Agreement (Midlantic Office Trust, Inc.)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. Number of LTIP Units Vested Vesting Dates January 28, 2017 January 28, 2018 January 28, 2019 Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 1 contract
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. , 20___ , 20___ , 20___ , 20___ , 20___ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 1 contract
Samples: Long Term Incentive Plan Unit Vesting Agreement (Pebblebrook Hotel Trust)
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.Number of
Appears in 1 contract
Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse with respect to the number of LTIP Units specified below on the Vesting Dates specified below, so long as the Grantee remains an employee of the Company or an Affiliate (as defined in the Plan) from the Closing Date until such Vesting Date or Dates. , 20___ , 20___ , 20___ , 20___ , 20___ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.
Appears in 1 contract
Samples: Long Term Incentive Plan Unit Vesting Agreement (Chatham Lodging Trust)
