FORM OF JBG SMITH PROPERTIESAppreciation-Only Ltip Unit Agreement • January 5th, 2022 • JBG SMITH Properties • Real estate investment trusts • Delaware
This APPRECIATION-ONLY LTIP UNIT AGREEMENT (the “Award Agreement”) is made as of the Grant Date set forth on Schedule A hereto between JBG SMITH Properties, a Maryland real estate investment trust (the “Company”), its subsidiary JBG SMITH Properties LP, a Delaware limited partnership (the “Partnership”), and the employee of the Company or one of its affiliates listed on Schedule A (the “Employee”).
