Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 115

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 115
---
, their cash equivalent, or a combination thereof based on the achievement of performance targets during a Performance Period.

" Performance Units " means an Award made pursuant to Section 9 which entitles a Holder to receive cash, Shares or a combination thereof based on the achievement of performance goals during a Performance Period.

" Permitted Transferee " has the meaning ascribed in Section 12.3.

" Person " shall have the meaning ascribed to such term in Section 3(a)(9) of the 1934 Act and used in Sections 13(d) and 14(d) thereof, including "group" as defined in Section 13(d) thereof.

<div align='center'>6</div>

" Plan " means the EPR Properties 2016 Equity Incentive Plan, as set forth in this instrument and as hereafter amended from time to time.

" Restricted Shares " means Shares granted under Section 8 that are subject to those restrictions set forth therein and the Award Agreement.

" Restricted Shares Unit " means an Award granted under Section 8 evidencing the Holder's right to receive a Share (or, at the Committee's discretion, a cash payment equal to the Fair Market Value of a Share) at some future date and that is subject those restrictions set forth therein and the Award Agreement.

" Rule 16b-3 " means Rule 16b-3 promulgated under the 1934 Act.

" SAR " or " Share Appreciation Right " means an Award that is designated as a SAR pursuant to Section 7.

" SAR Holder " shall have the meaning as set forth in Section 7.2.

" Section 16 Person " means a Person who is subject to obligations under Section 16 of the 1934 Act with respect to transactions involving equity securities of the Company.

" Service Provider " means an Eligible Employee, a non-employee trustee of the Company or consultant of the Company. Solely for purposes of Substitute Awards, the term Service Provider includes any current or former Employee or non-employee director or trustee of an Acquired Entity (as defined in the definition of Substitute Awards) who holds Acquired Entity Awards (as defined in the definition of Substitute Awards) immediately prior to the Acquisition Date (as defined in the definition of Substitute Awards).

" Shares " means the common shares, par value $.01 per share, of beneficial interest in the Company.

" Subsidiary " means (i) in the case of an Incentive Share Option a "subsidiary corporation,"