Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the LTIP Units shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b) and on Exhibit B.
Appears in 3 contracts
Samples: Ltip Unit Agreement (Aimco OP L.P.), Ltip Unit Agreement (Aimco OP L.P.), Ltip Unit Agreement (Aimco Properties L.P.)
Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the Restricted LTIP Units shall become freely transferable (provided, that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b) and on Exhibit B.
Appears in 2 contracts
Samples: Ltip Unit Agreement (Apartment Income REIT Corp.), Performance Vesting (Aimco Properties L.P.)
Lapse of Restrictions; Restricted Period. The restrictions set forth above shall lapse and the LTIP Units shall become freely transferable (provided, provided that that such transfer is otherwise in accordance with federal and state securities laws) and non-forfeitable as set forth in this Section 2(b) and on Exhibit B.
Appears in 1 contract
