Ltip Unit Award Agreement Sample Contracts

PROLOGIS, INC.
Ltip Unit Award Agreement • February 14th, 2023 • Prologis, L.P. • Real estate
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FORM OF SIMON PROPERTY GROUP SERIES 2016 LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 5th, 2016 • Simon Property Group L P /De/ • Real estate investment trusts • Delaware

This Series 2016 LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below, among Simon Property Group, Inc., a Delaware corporation (the “Company”), its subsidiary, Simon Property Group, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

FORM OF SIMON PROPERTY GROUP SERIES 2024 LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 7th, 2024 • Simon Property Group L P /De/ • Real estate investment trusts • Delaware

This Series 2024 LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below, among Simon Property Group, Inc., a Delaware corporation (the “Company”), its subsidiary, Simon Property Group, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

SERIES 2015B LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 6th, 2016 • Washington Prime Group, L.P. • Real estate investment trusts • Ohio

This Series 2015B LTIP Unit Award Agreement (“Agreement”) made as of February 25, 2016 (the “Award Date”) among WP Glimcher Inc., an Indiana corporation (the “Company”), its subsidiary, Washington Prime Group, L.P., an Indiana limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and Thomas J. Drought as the participant (the “Participant”).

TIME-BASED LTIP UNIT AWARD AGREEMENT (DIRECTORS)
Ltip Unit Award Agreement • July 26th, 2024 • Phillips Edison & Company, Inc. • Real estate investment trusts

Pursuant to the Phillips Edison & Company, Inc. 2020 Omnibus Incentive Plan (the “Plan”), and the Fourth Amended and Restated Limited Partnership Agreement, as amended (the “LP Agreement”), of Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Partnership”), Phillips Edison & Company, Inc. (the “Company”), through its wholly owned subsidiary, Phillips Edison Grocery Center OP GP I LLC, as general partner of the Partnership, hereby grants an award of the number of Class B Units (as defined in the LP Agreement, hereinafter, “LTIP Units”) set forth on Exhibit A hereto (an “Award”) to the Grantee set forth on Exhibit A having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption and conversion set forth herein and in the LP Agreement. Capitalized terms in this award agreement (this “Agreement”) shall have the meaning specified in the Plan, unless a different meaning is specified herein.

ASHFORD HOSPITALITY TRUST, INC. AMENDED AND RESTATED 2003 STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 27th, 2008 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of common stock in the Company (“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

PROLOGIS, INC. SECOND AMENDED AND RESTATED 2018 OUTPERFORMANCE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • September 25th, 2020 • Prologis, L.P. • Real estate • Maryland
GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • March 7th, 2018 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

DOUGLAS EMMETT, INC.
Ltip Unit Award Agreement • July 10th, 2020 • Douglas Emmett Inc • Real estate investment trusts
GLOBAL MEDICAL REIT INC. LTIP UNIT AWARD AGREEMENT Annual Award (Performance- Based with Time-Vesting)
Ltip Unit Award Agreement • March 18th, 2020 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland real estate investment trust (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (

LAMAR ADVERTISING LIMITED PARTNERSHIP LTIP Unit Award Agreement
Ltip Unit Award Agreement • May 2nd, 2024 • Lamar Media Corp/De • Real estate investment trusts • Delaware

Vesting Date: The date when the Company’s financial results from fiscal 2024 are approved by the Audit Committee (the “Vesting Date”), expected to occur in February 2025

GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • May 7th, 2021 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

ASHFORD HOSPITALITY TRUST, INC. AMENDED AND RESTATED
Ltip Unit Award Agreement • March 3rd, 2014 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland
SERIES 2015B LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 6th, 2016 • Washington Prime Group, L.P. • Real estate investment trusts • Ohio

This Series 2015B LTIP Unit Award Agreement (“Agreement”) made as of February 25, 2016 (the “Award Date”) among WP Glimcher Inc., an Indiana corporation (the “Company”), its subsidiary, Washington Prime Group, L.P., an Indiana limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and Mark E. Yale as the participant (the “Participant”).

AMENDMENT TO LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • August 3rd, 2011 • Gramercy Capital Corp • Real estate investment trusts • New York

This Amendment to LTIP Unit Award Agreement (this “Amendment”) is made and entered into as of July 28, 2011, by and among Gramercy Capital Corp., a Maryland corporation (the “Company”), GKK Capital LP, a Delaware limited partnership (the “Partnership”) and Roger M. Cozzi (the “Grantee”).

Contract
Ltip Unit Award Agreement • April 20th, 2015 • National Storage Affiliates Trust • Real estate investment trusts • Delaware

THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

VORNADO REALTY TRUST
Ltip Unit Award Agreement • February 13th, 2023 • Vornado Realty Lp • Real estate investment trusts • New York
LTIP UNIT AWARD AGREEMENT ELLINGTON FINANCIAL LLC [(Name)] [•] units [Date]
Ltip Unit Award Agreement • May 18th, 2017 • Ellington Financial LLC • Real estate • Delaware

This LTIP Unit Award Agreement (this “Award Agreement”), dated as of [•] (the “Date of Grant”), is made by and between Ellington Financial LLC, a Delaware limited liability company (the “Company”), and [•] (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Ellington Financial LLC 2017 Equity Incentive Plan, attached hereto as Exhibit A (the “Plan”), and the Company’s operating agreement, attached hereto as Exhibit B (as amended from time to time, the “LLC Agreement”). Where the context permits, references to the Company shall include any successor to the Company.

INTERNATIONAL MARKET CENTERS, INC. LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 1st, 2015 • International Market Centers, Inc. • Real estate investment trusts • Delaware

This LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below among International Market Centers, Inc., a Maryland corporation (the “Company”), its subsidiary, IMC OP, LP, a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 13th, 2020 • Braemar Hotels & Resorts Inc. • Real estate investment trusts • Delaware
GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • March 6th, 2017 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland real estate investment trust (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (

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FORM OF LTIP UNIT AWARD AGREEMENT ELLINGTON FINANCIAL INC. [Name] [ ] units [Date]
Ltip Unit Award Agreement • November 8th, 2019 • Ellington Financial Inc. • Real estate • Delaware

Pursuant to the Ellington Financial LLC 2017 Equity Incentive Plan (the “Plan”) and the Operating Partnership Agreement, for the provision of services to or for the benefit of the Operating Partnership, Ellington Financial Inc., a Delaware corporation (the “Company”), hereby grants to the individual named above (the “Participant”) an Other Equity-Based Award (as defined in the Plan) in the form of, and by causing the Operating Partnership to issue to the Participant named above, the number of LTIP Units specified above. Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan, attached hereto as Exhibit A, and the Operating Partnership Agreement, attached hereto as Exhibit B. Where the context permits, references to the Company shall include any successor to the Company.

FORM OF DUKE REALTY CORPORATION 2010 PERFORMANCE SHARE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • April 28th, 2017 • Duke Realty Limited Partnership/ • Real estate
INFRAREIT PARTNERS, LP LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 3rd, 2016 • InfraREIT, Inc. • Real estate investment trusts • Delaware

This Agreement (this “Award Agreement”) is entered into on [INSERT DATE] (the “Grant Date”) by and between InfraREIT Partners, LP a Delaware limited partnership (the “Partnership”), and [Insert the Name of Participant] (the “Participant Interest Holder”). Capitalized terms used herein and not otherwise defined in Annex A hereto shall have the meanings set forth in the Third Amended and Restated Agreement of the Partnership (the “Partnership Agreement,” effective March 10, 2015, and as such Partnership Agreement may be amended from time to time pursuant to its terms).

DOUGLAS EMMETT, INC. 2016 OMNIBUS STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • June 20th, 2016 • Douglas Emmett Inc • Real estate investment trusts
POSTAL REALTY TRUST, INC. NOTICE OF LTIP UNIT AWARD
Ltip Unit Award Agreement • May 7th, 2019 • Postal Realty Trust, Inc. • Real estate investment trusts • Delaware

Subject to the terms and conditions of this Notice of LTIP Unit Award (this "Notice"), the LTIP Unit Award Agreement attached hereto (the "Award Agreement"), the Postal Realty Trust, Inc. 2019 Equity Incentive Plan (the "Plan"), and the First Amended and Restated Agreement of Limited Partnership of Postal Realty LP, dated as of _______, 2019, as amended from time to time (the "Partnership Agreement"), Postal Realty Trust, Inc., a Maryland corporation (the "Company"), as the sole general partner of Postal Realty LP (the "Partnership"), hereby grants the below individual (the "Participant") the below number of LTIP Units. Unless otherwise specifically indicated, capitalized terms used in this Notice but not otherwise defined herein shall have their respective meanings set forth in the Award Agreement or the Plan.

PRIAM PROPERTIES INC. NOTICE OF LTIP UNIT AWARD
Ltip Unit Award Agreement • June 17th, 2019 • Priam Properties Inc. • Real estate investment trusts • Delaware

Subject to the terms and conditions of this Notice of LTIP Unit Award (this “Notice”), the LTIP Unit Award Agreement attached hereto (the “Award Agreement”), the Priam Properties Inc. 2019 Equity Incentive Plan (the “Plan”), and the First Amended and Restated Agreement of Limited Partnership of Priam Office Properties OP LP, dated as of , 2019, as amended from time to time (the “Partnership Agreement”), Priam Properties Inc., a Maryland corporation (the “Company”), as the sole general partner of Priam Office Properties OP LP (the “Partnership”), hereby grants the below individual (the “Participant”) the below number of LTIP Units. Unless otherwise specifically indicated, capitalized terms used in this Notice but not otherwise defined herein shall have their respective meanings set forth in the Award Agreement or the Plan.

THE MACERICH COMPANY [2013] LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 6th, 2013 • Macerich Co • Real estate investment trusts • Delaware

[2013] LTIP UNIT AWARD AGREEMENT made as of date set forth on Schedule A hereto between The Macerich Company, a Maryland corporation (the “Company”), its subsidiary The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the party listed on Schedule A (the “Grantee”).

HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE, L.P. [20--] LTIP UNIT AWARD AGREEMENT [20--] PERFORMANCE-BASED LTIP UNITS
Ltip Unit Award Agreement • May 3rd, 2019 • Hannon Armstrong Sustainable Infrastructure Capital, Inc. • Real estate investment trusts • Delaware

This [20--] LTIP UNIT Award Agreement (this “Agreement”), dated as of [----] (the “Date of Grant”), is made by and between Hannon Armstrong Sustainable Infrastructure, L.P., a Delaware limited partnership (the “Partnership”) and HASI Management HoldCo LLC, a Delaware limited liability company (the “Company”, which in this Agreement shall be the “Grantee”). Where the context permits, references to the Company shall include any successor to the Company.

THE MACERICH COMPANY
Ltip Unit Award Agreement • May 7th, 2010 • Macerich Co • Real estate investment trusts • Delaware
DCT INDUSTRIAL TRUST INC. LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • October 13th, 2006 • DCT Industrial Trust Inc. • Real estate investment trusts • Maryland
SERIES 2015B LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 6th, 2016 • Washington Prime Group, L.P. • Real estate investment trusts • Ohio

This Series 2015B LTIP Unit Award Agreement (“Agreement”) made as of February 25, 2016 (the “Award Date”) among WP Glimcher Inc., an Indiana corporation (the “Company”), its subsidiary, Washington Prime Group, L.P., an Indiana limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and Mark S. Ordan as the participant (the “Participant”).

GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • May 5th, 2023 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

MOBILE INFRASTRUCTURE CORPORATION AND MOBILE INFRA OPERATING COMPANY, LLC FORM OF LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • April 11th, 2023 • Fifth Wall Acquisition Corp. III • Blank checks • Maryland

In consideration of the mutual agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mobile Infra Operating Company, LLC, a Delaware limited liability company (the “LLC”), hereby issues to [______] (the “Participant”), as of [______], an award (the “Award”) of LTIP Units under the Plan and pursuant to the terms of this LTIP Unit Award Agreement (this “Agreement”). The LTIP Units constitute Profits Interest Units as defined in the Plan.

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