Ltip Unit Award Agreement Sample Contracts

PROLOGIS, INC.
Ltip Unit Award Agreement • February 14th, 2023 • Prologis, L.P. • Real estate
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ASHFORD HOSPITALITY TRUST, INC. AMENDED AND RESTATED 2003 STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 27th, 2008 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of common stock in the Company (“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

TIME-BASED LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 4th, 2022 • Phillips Edison & Company, Inc. • Real estate investment trusts • Maryland

Pursuant to the Phillips Edison & Company, Inc. 2020 Omnibus Incentive Plan (the “Plan”), and the Fourth Amended and Restated Limited Partnership Agreement, as amended (the “LP Agreement”), of Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Partnership”), Phillips Edison & Company, Inc. (the “Company”), through its wholly owned subsidiary, Phillips Edison Grocery Center OP GP I LLC, as general partner of the Partnership, hereby grants an award of the number of Class B Units (as defined in the LP Agreement, hereinafter, “LTIP Units”) set forth on Exhibit A hereto (an “Award”) to the Grantee set forth on Exhibit A having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption and conversion set forth herein and in the LP Agreement. Capitalized terms in this award agreement (this “Agreement”) shall have the meaning specified in the Plan, unless a different meaning is specified herein.

GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • March 7th, 2018 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

DOUGLAS EMMETT, INC.
Ltip Unit Award Agreement • December 12th, 2016 • Douglas Emmett Inc • Real estate investment trusts
General Growth Properties, Inc. 2010 Equity Incentive Plan FULL VALUE LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

THIS FULL VALUE LTIP UNIT (“FV LTIP Units”) AWARD AGREEMENT (this “Award Agreement”) is made effective as of [ ] (the “Effective Date”), between General Growth Properties, Inc., a Delaware corporation (the “Company”), GGP Operating Partnership, LP a Delaware limited partnership (the “Partnership”), and [ ] (the “Participant”).

GLOBAL MEDICAL REIT INC. LTIP UNIT AWARD AGREEMENT Annual Award (Performance- Based with Time-Vesting)
Ltip Unit Award Agreement • March 18th, 2020 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland real estate investment trust (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (

PROLOGIS, INC. SECOND AMENDED AND RESTATED 2018 OUTPERFORMANCE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • September 25th, 2020 • Prologis, L.P. • Real estate • Maryland
GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • May 7th, 2021 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

FORM OF SIMON PROPERTY GROUP SERIES 2015 LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • January 13th, 2016 • Simon Property Group Inc /De/ • Real estate investment trusts • Delaware

This Series 2015 LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below, among Simon Property Group, Inc., a Delaware corporation (the “Company”), its subsidiary, Simon Property Group, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

AMENDMENT TO LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • August 3rd, 2011 • Gramercy Capital Corp • Real estate investment trusts • New York

This Amendment to LTIP Unit Award Agreement (this “Amendment”) is made and entered into as of July 28, 2011, by and among Gramercy Capital Corp., a Maryland corporation (the “Company”), GKK Capital LP, a Delaware limited partnership (the “Partnership”) and Roger M. Cozzi (the “Grantee”).

THE MACERICH COMPANY [ ] LTIP UNIT AWARD AGREEMENT (PERFORMANCE-BASED)
Ltip Unit Award Agreement • May 11th, 2020 • Macerich Co • Real estate investment trusts • Delaware
LAMAR ADVERTISING LIMITED PARTNERSHIP LTIP Unit Award Agreement
Ltip Unit Award Agreement • March 2nd, 2023 • Lamar Advertising Co/New • Real estate investment trusts • Delaware

Vesting Date: The date when the Company’s financial results from fiscal 2023 are approved by the Audit Committee (the “Vesting Date”), expected to occur in February 2024

LTIP UNIT AWARD AGREEMENT ELLINGTON FINANCIAL LLC [(Name)] [•] units [Date]
Ltip Unit Award Agreement • May 18th, 2017 • Ellington Financial LLC • Real estate • Delaware

This LTIP Unit Award Agreement (this “Award Agreement”), dated as of [•] (the “Date of Grant”), is made by and between Ellington Financial LLC, a Delaware limited liability company (the “Company”), and [•] (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Ellington Financial LLC 2017 Equity Incentive Plan, attached hereto as Exhibit A (the “Plan”), and the Company’s operating agreement, attached hereto as Exhibit B (as amended from time to time, the “LLC Agreement”). Where the context permits, references to the Company shall include any successor to the Company.

INTERNATIONAL MARKET CENTERS, INC. LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 1st, 2015 • International Market Centers, Inc. • Real estate investment trusts • Delaware

This LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below among International Market Centers, Inc., a Maryland corporation (the “Company”), its subsidiary, IMC OP, LP, a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 13th, 2020 • Braemar Hotels & Resorts Inc. • Real estate investment trusts • Delaware
GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • March 6th, 2017 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland real estate investment trust (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (

FORM OF SIMON PROPERTY GROUP SERIES 2023 LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 4th, 2023 • Simon Property Group L P /De/ • Real estate investment trusts • Delaware

This Series 2023 LTIP Unit Award Agreement (“Agreement”) made as of the date set forth below, among Simon Property Group, Inc., a Delaware corporation (the “Company”), its subsidiary, Simon Property Group, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the person identified below as the grantee (the “Grantee”).

FORM OF LTIP UNIT AWARD AGREEMENT ELLINGTON FINANCIAL INC. [Name] [ ] units [Date]
Ltip Unit Award Agreement • November 8th, 2019 • Ellington Financial Inc. • Real estate • Delaware

Pursuant to the Ellington Financial LLC 2017 Equity Incentive Plan (the “Plan”) and the Operating Partnership Agreement, for the provision of services to or for the benefit of the Operating Partnership, Ellington Financial Inc., a Delaware corporation (the “Company”), hereby grants to the individual named above (the “Participant”) an Other Equity-Based Award (as defined in the Plan) in the form of, and by causing the Operating Partnership to issue to the Participant named above, the number of LTIP Units specified above. Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan, attached hereto as Exhibit A, and the Operating Partnership Agreement, attached hereto as Exhibit B. Where the context permits, references to the Company shall include any successor to the Company.

FORM OF DUKE REALTY CORPORATION 2010 PERFORMANCE SHARE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • April 28th, 2017 • Duke Realty Limited Partnership/ • Real estate
COTTONWOOD RESIDENTIAL II, INC. PERFORMANCE-BASED LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 12th, 2021 • Cottonwood Communities, Inc. • Real estate investment trusts • Utah
DOUGLAS EMMETT, INC. 2016 OMNIBUS STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • June 20th, 2016 • Douglas Emmett Inc • Real estate investment trusts
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POSTAL REALTY TRUST, INC. NOTICE OF LTIP UNIT AWARD
Ltip Unit Award Agreement • May 7th, 2019 • Postal Realty Trust, Inc. • Real estate investment trusts • Delaware

Subject to the terms and conditions of this Notice of LTIP Unit Award (this "Notice"), the LTIP Unit Award Agreement attached hereto (the "Award Agreement"), the Postal Realty Trust, Inc. 2019 Equity Incentive Plan (the "Plan"), and the First Amended and Restated Agreement of Limited Partnership of Postal Realty LP, dated as of _______, 2019, as amended from time to time (the "Partnership Agreement"), Postal Realty Trust, Inc., a Maryland corporation (the "Company"), as the sole general partner of Postal Realty LP (the "Partnership"), hereby grants the below individual (the "Participant") the below number of LTIP Units. Unless otherwise specifically indicated, capitalized terms used in this Notice but not otherwise defined herein shall have their respective meanings set forth in the Award Agreement or the Plan.

THE MACERICH COMPANY [2013] LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 6th, 2013 • Macerich Co • Real estate investment trusts • Delaware

[2013] LTIP UNIT AWARD AGREEMENT made as of date set forth on Schedule A hereto between The Macerich Company, a Maryland corporation (the “Company”), its subsidiary The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the party listed on Schedule A (the “Grantee”).

DCT INDUSTRIAL TRUST INC. LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • October 13th, 2006 • DCT Industrial Trust Inc. • Real estate investment trusts • Maryland
FORM OF DUKE REALTY CORPORATION LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • January 29th, 2015 • Duke Realty Limited Partnership/ • Real estate
GLOBAL MEDICAL REIT INC.
Ltip Unit Award Agreement • May 5th, 2023 • Global Medical REIT Inc. • Real estate investment trusts • Maryland

Pursuant to the Global Medical REIT Inc. 2016 Equity Incentive Plan, as amended from time to time (the “Plan”), and the Agreement of Limited Partnership, dated as of March 14, 2016 (as amended from time to time, the “Partnership Agreement”), of Global Medical REIT L.P., a Delaware limited partnership (“GMR OP”), Global Medical REIT Inc., a Maryland corporation (the “Company”) and the sole member of Global Medical REIT GP LLC, a Delaware limited liability company, the general partner of GMR OP (the “General Partner”), and for the provision of services to or for the benefit of GMR OP in a partner capacity or in anticipation of being a partner, hereby grants, and agrees to cause GMR OP to issue, to the Grantee named above a number of LTIP Units (which constitute Other Equity Based Awards under the Plan) to be determined following the conclusion of the Performance Period (defined herein) based on (i) the number of Award LTIP Units shown above (the “Award LTIP Units”) and (ii) the Company’s

PARAMOUNT GROUP, INC. TIME-BASED LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • September 12th, 2023 • Paramount Group, Inc. • Real estate investment trusts
FORM OF FOUR SPRINGS CAPITAL TRUST LTIP UNIT AWARD AGREEMENT (TIME-BASED VESTING)
Ltip Unit Award Agreement • January 10th, 2022 • Four Springs Capital Trust • Real estate investment trusts • Delaware

This LTIP Unit Award Agreement (“Agreement”) made as of January ___, 2022 (the “Award Date”) between Four Springs Capital Trust, a Maryland real estate investment trust (the “Company”), its subsidiary, Four Springs Capital Trust Operating Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and [ ] (the “Grantee”).

ASHFORD INC. 2014 INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 17th, 2023 • Ashford Inc. • Services-management consulting services

capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

TIME-BASED LTIP UNIT AWARD UNDER THE PROVISIONS OF THE CYRUSONE RESTATED 2012 LONG TERM INCENTIVE PLAN
Ltip Unit Award Agreement • April 29th, 2021 • CyrusOne Inc. • Real estate investment trusts

Pursuant to the provisions of the CyrusOne Restated 2012 Long Term Incentive Plan (as in effect from time to time (the “Plan”)), this Time-Based LTIP Unit Award Agreement (this “Agreement”) and the Partnership Agreement (as defined in the Plan), the Board of Directors of CyrusOne Inc. (“CyrusOne”) hereby grants, and the Operating Partnership shall issue, to the employee named above (“you” or “your”) on the date noted above (the “Award Date”) an award (the “Award”) of time-based vesting LTIP Units (the “LTIP Units”), on and subject to the terms of the Plan, the Partnership Agreement and your agreement to the terms, conditions and restrictions contained herein and subject to the vesting criteria contained herein. Capitalized terms used in this Agreement that are not defined in this Agreement have the meanings as used or defined in the Plan.

ASHFORD HOSPITALITY TRUST, INC. AMENDED AND RESTATED 2003 STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 27th, 2008 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of common stock in the Company (“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

FIRST AMENDMENT TO SIMON PROPERTY GROUP SERIES CEO LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • February 28th, 2012 • Simon Property Group Inc /De/ • Real estate investment trusts

This First Amendment to the Series CEO LTIP Unit Award Agreement ("First Amendment") is made as of December 22, 2011, but effective as of July 6, 2011 among Simon Property Group, Inc., a Delaware corporation (the "Company"), its subsidiary, Simon Property Group, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the "Partnership"), and David Simon (the "Grantee").

PERFORMANCE-BASED LTIP UNIT AWARD UNDER THE PROVISIONS OF THE CYRUSONE RESTATED 2012 LONG TERM INCENTIVE PLAN
Ltip Unit Award Agreement • April 29th, 2021 • CyrusOne Inc. • Real estate investment trusts

Pursuant to the provisions of the CyrusOne Restated 2012 Long Term Incentive Plan (as in effect from time to time (the “Plan”)), this Performance-Based LTIP Unit Award Agreement (this “Agreement”) and the Partnership Agreement (as defined in the Plan), the Board of Directors of CyrusOne Inc. (“CyrusOne”) hereby grants, and the Operating Partnership shall issue, to the employee named above (“you” or “your”) on the date noted above (the “Award Date”) an award (the “Award”) of performance-based vesting LTIP Units (“LTIP Units”), on and subject to the terms of the Plan, the Partnership Agreement and your agreement to the terms, conditions and restrictions contained herein and subject to the achievement of certain performance-based vesting criteria as set forth on Exhibit A. Capitalized terms used in this Agreement that are not defined in this Agreement have the meanings as used or defined in the Plan.

COTTONWOOD RESIDENTIAL II, INC. TIME-BASED LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • May 12th, 2021 • Cottonwood Communities, Inc. • Real estate investment trusts • Utah
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