SUMMIT HOTEL PROPERTIES, INC. Form of Stock Award Agreement (Performance-Based Shares)Stock Award Agreement • May 15th, 2012 • Summit Hotel Properties, Inc. • Real estate investment trusts • South Dakota
This Stock Award Agreement (this “Agreement”), dated as of the ___ day of ____, 20__, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and __________ (the “Participant”), is made pursuant to the terms of the Summit Hotel Properties, Inc. 2011 Equity Incentive Plan (the “Plan”). All terms that are defined in the Plan and used herein shall have the same meaning given them in the Plan and the terms Change in Control,” “Control Change Date,” “Disability,” “Termination Without Cause” and “Voluntary Termination for Good Reason” shall have the meaning given them in the Employment Agreement between the Company and the Participant effective as of February 14, 2011. In addition, certain capitalized terms used in this Agreement have the meanings specified in Section 13 of this Agreement.
Form of Stock Award Agreement (Service-Based Shares)Stock Award Agreement • May 15th, 2012 • Summit Hotel Properties, Inc. • Real estate investment trusts • South Dakota
This Stock Award Agreement (this “Agreement”), dated as of the ___ day of ____, 20__, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and _______ (the “Participant”), is made pursuant to the terms of the Summit Hotel Properties, Inc. 2011 Equity Incentive Plan (the “Plan”). All terms that are defined in the Plan and used herein shall have the same meaning given them in the Plan and the terms “Termination Without Cause,” “Voluntary Termination for Good Reason” and “Disability” shall have the meaning given them in the Employment Agreement between the Company and the Participant effective as of February 14, 2011.
SUMMIT HOTEL PROPERTIES, INC. Form of Incentive Award AgreementForm of Incentive Award Agreement • May 15th, 2012 • Summit Hotel Properties, Inc. • Real estate investment trusts • South Dakota
This Incentive Award Agreement (the “Agreement”), dated as of the ___ day of ___, 20__, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and _________ (the “Participant”), is made pursuant to the terms of the Summit Hotel Properties, Inc. 2011 Equity Incentive Plan (the “Plan”). All terms that are defined in the Plan shall have the same meaning given them in the Plan and the terms “Termination Without Cause,” “Voluntary Termination for Good Reason,” and “Disability” shall have the same meaning given them in the Employment Agreement between the Company and the Participant effective as of February 14, 2011.
