DIVIDEND EQUIVALENT RIGHTS AGREEMENT UNDER THE DIAMONDROCK HOSPITALITY COMPANYEquivalent Rights • March 6th, 2008 • DiamondRock Hospitality Co • Real estate investment trusts
Pursuant to the DiamondRock Hospitality Company Stock Option and Incentive Plan (the “Plan”) as amended through the date hereof, DiamondRock Hospitality Company (the “Company”) hereby grants to the Holder named above the Dividend Equivalent Rights (each, a “DER”) set forth above. Each DER entitles the Holder to a payment equal to the dividends paid on a share of Common Stock, par value $0.01 per share (“Stock”) of the Company, subject to the terms and conditions set forth herein and in the Plan. The DERs are being issued simultaneously with stock-settled stock appreciation rights (the “Related SARs”) with a similar expiration date.
