Examples of OPP Agreement in a sentence
LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfers pursuant to the terms of an OPP Agreement.
Pursuant to an OPP Agreement or otherwise, the General Partner may, from time to time, issue LTIP Units to Persons who have provided, or will provide, services to the Partnership or the General Partner for such consideration (if any) as the General Partner may determine to be appropriate, and admit such Persons as Limited Partners.
The terms of any OPP Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant OPP Agreement pursuant to which such LTIP Award was issued.
Unless otherwise specified in the OPP Agreement, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited, other than any distributions declared with respect to a Partnership Record Date prior to the effective date of the forfeiture.
In the event of any inconsistency between the Plan or OPP Agreement and this Agreement, the terms of the Plan or OPP Agreement, as applicable, shall control.
Without limiting the generality of any other provision hereof, the RSUs and the Dividend Equivalents shall be subject to the restrictions on transferability set forth in Section 11.3 of the Plan and Section 3.4 of the OPP Agreement.
The RSUs are subject to the terms and conditions of the Plan and the OPP Agreement, which are incorporated herein by reference.
Notwithstanding any other provision of the Plan, the OPP Agreement or this Agreement, if the Participant is subject to Section 16 of the Exchange Act, then the Plan, the OPP Agreement, the RSUs and Dividend Equivalents and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.
Capitalized terms not specifically defined herein shall have the meanings specified in the Plan, the OPP Agreement and the Grant Notice to which this Agreement is attached.
The parties to the OPP Agreement have as of the date hereof, entered into an agreement to terminate the OPP Agreement (without payment thereunder to the Company Advisor or any of its Affiliates) effective as of immediately prior to the Effective Time and contingent on the occurrence of the Effective Time (the “OPP Termination Agreement”).