Performance LTIP Unit Award AgreementPerformance Ltip Unit Award Agreement • April 6th, 2016 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland
This Performance LTIP Unit Award Agreement (this “Award Agreement”) is made and entered into as of , 20 by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), Ashford Hospitality Limited Partnership, a Delaware limited partnership, and (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein. Capitalized terms not defined herein shall have the meanings assigned to them in the Company’s 2011 Stock Incentive Plan, as the same may be amended from time to time (the “Plan”), unless otherwise indicated herein. This Award Agreement is subject to the terms and conditions of the Plan and the Amended and Restated Agreement of Limited Partnership of Ashford Hospitality Limited Partnership, as the same may be amended from time to time (the “Operating Agreement”).
