Common use of IPO Grant Clause in Contracts

IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.

IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 37,500 restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four three equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.

IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 40,320 restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.

IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 Twenty Thousand (20,000) restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four (4) equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.

IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 restricted stock units (“RSUs”) with a value on the IPO date equal to $750,000.00 (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four three equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.