Common use of Grant of the Restricted Units Clause in Contracts

Grant of the Restricted Units. Subject to the terms and conditions set forth in this Agreement and the Participant’s continued service with the Board through the Date of Grant, the Partnership shall grant to the Participant as of the Date of Grant a Restricted Unit Award consisting of the certain number of Class I units of the Partnership (the “Restricted Units”) at the October transaction price of such Class I units immediately preceding the Date of Grant with an aggregate value of $______. The Restricted Units shall vest and become nonforfeitable in accordance with Section 3 hereof.

Grant of the Restricted Units. Subject to the terms and conditions set forth in this Agreement and the Participant’s continued service with the Board through the Date of GrantAgreement, the Partnership shall grant to the Participant Participant, as of the Date of Grant Grant, a Restricted Unit Award consisting of the certain a number of Class I E units of the Partnership (the “Restricted Units”) at the October transaction price of such Class I units immediately preceding having an aggregate fair value equal to $ on the Date of Grant Grant, with an aggregate value such number of $______Restricted Units to be determined based on the , 20[ ] transaction price (net asset value) per Class E Unit. The Restricted Units shall vest and become nonforfeitable in accordance with Section 3 hereof.