Common use of Vesting of LTIP Units Clause in Contracts

Vesting of LTIP Units. The LTIP Units shall vest with respect to 25% of LTIP Units set forth above on each of the first four anniversaries of January 1st of the year in which the Grant Date occurs (each a “Vesting Date”).

Vesting of LTIP Units. The LTIP Units shall vest with respect to 25(i) 50% of LTIP Units set forth above on each the eighteenth (18th) month anniversary of the first four anniversaries of January 1st of the year in which the Grant Date occurs and (ii) 50% of the LTIP Units set forth above on December 31, 2023 (each a “Vesting Date”).

Vesting of LTIP Units. The LTIP Units shall vest with respect to 25(i) 50% of LTIP Units set forth above on each the eighteenth (18th) month anniversary of the first four anniversaries of January 1st of the year in which the Grant Date occurs and (ii) 50% of the LTIP Units set forth above on the thirty-sixth (36th) month anniversary of the Grant Date (each a “Vesting Date”).