Vesting of LTIP Units. As soon as practicable after the end of each Measurement Period, but in all events within 30 days following each Measurement Period, the Committee shall determine and certify the extent to which the performance objectives described herein have been achieved. If the Committee determines and certifies the same as described in the preceding sentence, the restrictions and conditions in Sections 2(b) and 2(c) shall lapse with respect to the LTIP Units (i.e., the LTIP Units shall “Vest” or become “Vested,” as the case may be) as follows, provided that the Grantee remains employed by the Company or an Affiliate from the Date of Grant until the end of the applicable Measurement Period:
Appears in 4 contracts
Samples: Performance Based Vesting Agreement (American Residential Properties, Inc.), Performance Based Vesting Agreement (American Residential Properties, Inc.), Performance Based Vesting Agreement (American Residential Properties, Inc.)
Vesting of LTIP Units. As soon as practicable after the end of each Measurement Period, but in all events within 30 days following each Measurement Period, the Committee shall determine and certify the extent to which the performance objectives described herein have been achieved. If the Committee determines and certifies the same as described in the preceding sentence, the restrictions and conditions in Sections 2(b) and 2(c) shall lapse with respect to the LTIP Units (i.e., an amount of the LTIP Units shall “Vest” or become “Vested,” as the case may be) as follows, provided that the Grantee remains employed by the Company or an Affiliate from the Grant Date of Grant until the end of the applicable Measurement Period, and any of the LTIP Units that do not become Vested shall be forfeited effective as of January 1, 2018:
Appears in 1 contract
Samples: Performance Based Vesting Agreement (American Residential Properties, Inc.)
