The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may elect to defer receipt of the shares underlying the Performance Restricted Stock Unit award:

The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may elect to defer receipt of all or a portion of the shares underlying the Performance Restricted Stock Unit award:

The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may elect to defer receipt of the shares underlying the Performance Restricted Stock Unit award:

The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may elect to defer the receipt of all or a portion of the shares underlyingattributable to the Performanceunderlying Restricted Stock Unit award:awards by completing and submitting a Deferral Election.

The LTIP Participant must also elect the deferral period, subject to Section 4. AnEach LTIP Participant may elect to defer the receipt of all or a portion of the shares attributable to underlying the Performance Restricted Stock Unit award:awards by completing and submitting a Deferral Election.

The LTIP Participant must also electFor the deferral period, subject to Section 4. An2010 and 2011 Plan Year, an LTIP Participant may elect to defer the receipt of the shares underlying the Performance Restricted Stock Unit award:award by making a Deferral Election no later than December 31, 2011 (or such earlier date that the Administrator may specify). An election under this Section 3.2(h) shall be irrevocable.

The LTIP Participant must also electFor the deferral period, subject to Section 4. An2010 and 2011 Plan Year, an LTIP Participant may elect to defer the receipt of the shares underlying the Performance Restricted Stock Unit award:award by making a Deferral Election no later than December 31, 2011 (or such earlier date that the Administrator may specify). An election under this Section 3.2(h) shall be irrevocable.

An LTIP Participant must make their Deferral Election under this Section 3.1 no later than December 31 of the calendar year prior to the calendar year for which the Restricted Stock Unit award relates (or such earlier date that the Administrator may specify). For example, on December 20, 2011, an LTIP Participant receives a Restricted Stock Unit award attributable to the 2012 Plan Year. The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may electmake a Deferral Election to defer the receipt of the shares underlying the Performance Restricted Stock Unit award:award no later than December 31, 2011 (or such earlier date that the Administrator may specify).

An LTIP Participant must make their Deferral Election under this Section 3.1 no later than December 31 of the calendar year prior to the calendar year for which the Restricted Stock Unit award relates (or such earlier date that the Administrator may specify). For example, on December 20, 2022, an LTIP Participant receives a Restricted Stock Unit award attributable to the 2023 Plan Year. The LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may electmake a Deferral Election to defer the receipt of the shares underlying the Performance Restricted Stock Unit award:award no later than December 31, 2022 (or such earlier date that the Administrator may specify).

The“Participant” shall mean an LTIP Participant must also elect the deferral period, subject to Section 4. An LTIP Participant may electwho has made a Deferral Election to defer the receipt of the shares underlying the Performance Restricted Stock Unit award:awards or Performance Stock Unit awards granted under the LTIP.