Vesting of Share Units. Except for Share Units that vest pursuant to Sections 6(b) and 6(c) of this Award Agreement, each Share Unit granted hereunder shall vest and be settled on the later to occur of (i) the date there first occurs a Triggering Event and (ii) the third anniversary of the Vesting Commencement Date (the “Vesting Date”); provided that the Participant is employed with the Company through the Vesting Date; and provided further that in no event will the Share Units granted pursuant to this Award Agreement vest or be settled unless a Triggering Event occurs no later than the fifth (5th) anniversary of the Vesting Commencement Date.
Appears in 4 contracts
Samples: Share Unit Award Agreement (Xenia Hotels & Resorts, Inc.), Share Unit Award Agreement (Inland American Real Estate Trust, Inc.), Share Unit Award Agreement (Inland American Real Estate Trust, Inc.)
