Share Retention Requirements. For purposes of the share retention requirements of the Trust’s governance guidelines, the Shares issued to the Grantee under the Program shall be treated as though they were restricted shares that became vested upon issuance. However, any share retention requirement that results from this provision shall immediately lapse upon the Participant’s termination of employment with the Employer.
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Samples: Equivalent Rights Award Agreement (Pennsylvania Real Estate Investment Trust), Award Agreement (Pennsylvania Real Estate Investment Trust), Equivalent Rights Award Agreement (Pennsylvania Real Estate Investment Trust)
Share Retention Requirements. For purposes of the share retention requirements of the Trust’s governance guidelines, as set forth in Section X of the Trust’s Corporate Governance Guidelines, the Shares issued to the Grantee under the Program shall be treated as though they were restricted shares that became vested upon issuance. However, any share retention requirement that results from this provision shall immediately lapse upon the Participant’s termination of employment with the Employer. These provisions include the following with respect to “Covered Officers” as defined therein.
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Samples: Award Agreement (Pennsylvania Real Estate Investment Trust)
Share Retention Requirements. For purposes of the share retention requirements of the Trust’s governance guidelines, the Shares issued to the Grantee under the Program shall be treated as though they were restricted shares that became vested upon issuance. However, any share retention requirement that results from this provision shall immediately lapse upon the Participant’s termination of employment with the Employer.. Back to Contents
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