Effectiveness of Award. The Grantee shall be admitted as a partner of the Partnership with beneficial ownership of the LTIP Units that have vested pursuant to Exhibit A and Section 2 of this Agreement on such date and the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to such LTIP Units, as set forth in the LP Agreement.
Appears in 6 contracts
Samples: Performance Ltip Unit Award Agreement (Phillips Edison & Company, Inc.), Ltip Unit Award Agreement (Phillips Edison & Company, Inc.), Ltip Unit Award Agreement (Phillips Edison & Company, Inc.)
Effectiveness of Award. The As of the Grant Date, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of the LTIP Units that have vested pursuant to Exhibit A and Section 2 of this Agreement on such date and the Grantee shall have all the rights of a Limited Partner of the Partnership with respect to such LTIP Units, as set forth in the LP Agreement.
Appears in 2 contracts
Samples: Ltip Unit Award Agreement (Phillips Edison & Company, Inc.), Performance Ltip Unit Award Agreement (Phillips Edison & Company, Inc.)
