Vesting of LTIP Units. The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or one of its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. 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 (Boston Properties Inc), Long Term Incentive Plan Unit Vesting Agreement (Boston Properties LTD Partnership)
Vesting of LTIP Units. The restrictions and conditions in Paragraph Section 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule schedule, so long as the Grantee remains an employee a director of the Company or one of its Subsidiaries on from the Grant Date until such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph Section 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. 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 (Asset Capital Corporation, Inc.)
Vesting of LTIP Units. The restrictions and conditions in Paragraph Section 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule schedule, so long as the Grantee remains an employee of the Company or one of its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph Section 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. 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 (Ltip) Unit Vesting Agreement (Boston Properties Inc)
