CNL Hotels & Resorts, Inc. Deferred Share Award Agreement (All Awards for Executives with Employment Agreements)CNL Hotels & Resorts, Inc. • October 6th, 2006 • Lessors of real property, nec • Florida
CNL Hotels & Resorts, Inc. (the “Company”) wishes to memorialize the grant to the person (the “Participant”) named in the Deferred Share Award Grant Notice (the “Grant Notice”) of a Deferred Share Award (the “Award”) pursuant to the provisions of the Company’s 2004 Omnibus Long-Term Incentive Plan (the “Plan”), the Grant Notice and the applicable provisions of the Participant’s employment agreement with the Company, dated ____________, 2006, as amended from time to time (the “Employment Agreement”). The Award will entitle the Participant to shares of Common Stock from the Company, if the Participant meets the vesting requirements described herein, in the Grant Notice and in the applicable provisions of the Employment Agreement. Therefore, pursuant to the terms of the attached Grant Notice and this Deferred Share Award Agreement (the “Agreement”), the Company grants the Participant the number of Deferred Shares listed in the Grant Notice.
