Equity LifeStyle Properties, Inc. Restricted Stock Award Agreement under 1992 Stock Option and Stock Award Plan
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Summary
This agreement is between Equity LifeStyle Properties, Inc. and an individual grantee. It grants the grantee a specified number of company shares as a stock award, which will vest on certain dates as outlined in the agreement. The award is governed by the company's 1992 Stock Option and Stock Award Plan, and all terms are subject to that plan. The agreement details the vesting schedule and confirms that any changes must be made in writing and signed by both parties.
EX-10.2 3 c15050exv10w2.htm FORM OF RESTRICTED STOCK AWARD AGREEMENT exv10w2
Exhibit 10.2
Restricted Stock Award Agreement | Equity LifeStyle Properties, Inc. | |
| FEIN: 36 ###-###-#### | ||
| Two North Riverside Plaza | ||
| Suite 800 | ||
| Chicago, Illinois 60606 |
Grantee’s Name | Plan: | 1992 Stock Option and Stock | ||
Grantee’s Address | Award Plan, as amended and restated | |||
| Grantee’s ID: | ||||
| 1. | Effective ___, you have been granted a Stock Award of ___Shares of Equity LifeStyle Properties, Inc. (the “Company”). | |
| 2. | The Shares subject to this Stock Award will become fully vested on the respective dates shown below: |
| Shares (#) | Vest Type | Full Vesting | ||
<Insert #> | On Vest Date | <insert date> | ||
<Insert #> | On Vest Date | <insert date> | ||
<Insert #> | On Vest Date | <insert date> |
| 3. | (a) | This Agreement is subject in all respects to the Plan (as defined below). The Plan is incorporated herein by reference as though set forth in full; unless the context requires otherwise, capitalized terms not defined herein shall have the respective meanings given to such terms in the Plan. | |
| (b) | The authority to manage and control the operation and administration of this Agreement and interpret the provisions of this Agreement shall be vested in the Committee. Any interpretation of this Agreement by the Committee and any decision made by the Committee hereunder is final and binding on all persons. | ||
| (c) | This Agreement may not be amended or modified except by a written agreement executed by the parties hereto or their respective successors and legal representatives. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. | ||
| (d) | This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect thereto. |
By your signature and the Company’s signature below, you and the Company agree that this Stock Award is granted under and governed by the terms and conditions of the Company’s 1992 Stock Option and Stock Award Plan (as amended and restated) (the “Plan”).
| Equity LifeStyle Properties, Inc. | ||||||
By: | ||||||
| Name: Title: | Date | |||||
| Grantee | Date | |||||
