Common use of Vesting of LTIP Units Clause in Contracts

Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule, so long as the Grantee remains an employee of the Company or an affiliate of the Company from the Grant Date until such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. Fraction of LTIP Units Vested Vesting Date 1/3 ________ ___, 200_ 1/3 ________ ___, 200_ 1/3 ________ ___, 200_ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. The restrictions and conditions in Section 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule, so long as the Grantee remains an employee of the Company or an affiliate one of the Company from the Grant Date until its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. Fraction Percentage of LTIP Units Vested Vesting Date 1/3 25% _____________ ___, 200_ 1/3 35% _____________ ___, 200_ 1/3 40% _____________ ___, 200_ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. The restrictions and conditions in Section Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule, schedule so long as the Grantee remains an employee of the Company or an affiliate one of the Company from the Grant Date until its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section Paragraph 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. Fraction of PERCENTAGE OF LTIP Units Vested Vesting Date 1/3 UNITS VESTED VESTING DATE ------------------------ ------------ 50% ________ ___, 200_ 1/3 ________ ___, 200_ 1/3 50% ________ _______, 200_ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. (a) The restrictions and conditions in Section 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule, except as provided in Section 3(b) below, so long as the Grantee remains an employee of the Company or an affiliate one of the Company from the Grant Date until its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. Fraction Percentage of LTIP Units Vested Vesting Date 1/3 25% _____________ ___, 200_ 1/3 35% _____________ ___, 200_ 1/3 40% _____________ ___, 200_ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.

Vesting of LTIP Units. The restrictions and conditions in Section Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule, schedule so long as the Grantee remains an employee of the Company or an affiliate one of the Company from the Grant Date until its Subsidiaries on such Vesting Date or Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section Paragraph 2 shall lapse only with respect to the percentage of LTIP Units accepted by the Grantee hereunder that is specified as vested on such date. Fraction Percentage of LTIP Units Vested Vesting Date 1/3 ------------------------ ------------ Vested ------ 50% ________ ___, 200_ 1/3 50% ________ ___, 200_ 1/3 ________ ___, 200_ Subsequent to such Vesting Date or Dates, the LTIP Units on which all restrictions and conditions have lapsed shall no longer be deemed restricted.