Common use of Annual Long-Term Incentive Awards Clause in Contracts

Annual Long-Term Incentive Awards. Executive has received grants under the Company’s long-term incentive compensation plan (the “LTI Plan”) consisting of time-based long-term incentive partnership units (the “LTIP Units”), and performance-based long-term incentive partnership units (the “Performance LTIP Units”) which contain such terms and conditions as set forth in the applicable award agreements issued pursuant to the LTI Plan. The Executive will be eligible to receive future grants under the LTI Plan, the amount and terms of which will be determined in the sole discretion of the Compensation Committee of the Board.

Appears in 9 contracts

Samples: Employment Agreement (JBG SMITH Properties), Employment Agreement (JBG SMITH Properties), Employment Agreement (JBG SMITH Properties)

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