Examples of Special LTIP Unit Sharing Percentage in a sentence
The Special LTIP Unit Sharing Percentage will equal 10% and the Distribution Participation Date will be the vesting date.
With respect to the Performance-Based LTIP Units and to the extent provided for in the Partnership Agreement, the Special LTIP Unit Full Distribution Participation Date shall be the Valuation Date; provided that prior to such date, Performance-Based LTIP Units shall be entitled to receive the Special LTIP Unit Sharing Percentage (i.e., ten percent (10%)) of the distributions payable on Units outstanding as of the record date for the quarterly distribution periods occurring during the Performance Period.
The right to distributions of LTIP Units designated as Special LTIP Units shall also be governed by the applicable Special LTIP Unit Full Participation Date and Special LTIP Unit Sharing Percentage.
Unit Full Distribution Participation Date (as defined in the Partnership Agreement) for the Award LTIP Units shall be the Determination Date and the Special LTIP Unit Sharing Percentage (as defined in the Partnership Agreement) shall be ten percent (10%).
The Special LTIP Unit Sharing Percentage (as defined in the Partnership Agreement) with respect to each Award LTIP Unit shall be 10% prior to the Distribution Participation Date with respect to such Award LTIP Unit.