LTIP Unit

Example Definitions of "LTIP Unit"
LTIP Unit. An OP Unit, granted to a Participant under Section 6(b)(v), subject to the restrictions set forth in such Section.
Found in Colony Starwood Homes contract
LTIP Unit. An OP Unit, granted to a Participant the Manager under Section 6(b)(v), subject to the restrictions set forth in such Section.
Found in Colony Starwood Homes contract
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LTIP Unit. Means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.09 hereof and elsewhere in this Agreement in respect of holders of LTIP Units, including both Vested LTIP Units and Unvested LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A hereto, as it may be amended from time to time.
Found in Hersha Hospitality Trust contract
LTIP Unit. A restricted limited partner profits interest in the Partnership, and the term LTIP Unit shall have the meaning set forth in the Partnership Agreement
Found in Preston Hollow Community Capital, Inc. contract
LTIP Unit. An unfunded, unsecured promise by FirstSun or the Bank to settle to a Participant the Tangible Book Value of a share of Stock, subject to the terms and conditions of this Plan. LTIP Units do not constitute issued and outstanding shares of Stock for any corporate purposes and do not confer on the Participant any voting rights or the right to receive dividends.
Found in FIRSTSUN CAPITAL BANCORP contract
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