Document:

EX-10.11

 Exhibit 10.11 

LA QUINTA HOLDINGS INC. 

SHARE DISTRIBUTION ACKNOWLEDGEMENT 

In connection with the initial public offering of La Quinta Holdings Inc. (the “Company”), LQ Services L.L.C. (“LQ
Services”) has agreed to distribute (the “Distribution”) to its membership interest holders, shares of common stock of the Company, par value $0.01 per share (the “Common Stock”) received by LQ Services
from the Company in connection with the contribution to the Company of certain assets. The purpose of this Share Distribution Acknowledgement is to confirm that as a result of the Distribution, LQ Services has transferred to the Holder set forth
below the number of shares of Common Stock set forth below (the “Distributed Shares”) on the date set forth below: 
  

					
	 Date of Distribution:
	 	  
	 	
			
	 Holder:
	 	  
	 	
			
	 Number of Distributed Shares: 
	 	  
	 	

 As a condition of the Distribution, the Distributed Shares shall remain subject to the same transfer, vesting,
forfeiture and other restrictions and conditions applicable to such shares of Common Stock prior to the Distribution. Specifically, the following restrictions and conditions on the Distributed Shares shall apply: 

Vesting and Forfeiture: The Distributed Shares shall be subject to the following vesting and forfeiture conditions: 

 

	 	•	 	40% of the Distributed Shares are fully vested and not subject to any additional vesting requirements. 

  

	 	•	 	Subject to the Holder’s continued employment with the Company or its subsidiaries, as applicable (the “Employer”): 

 

	 	•	 	40% of the Distributed Shares will vest on [insert date that is the first anniversary of the IPO]; and 

  

	 	•	 	20% of the Distributed Shares will vest upon the earlier of (1) the date that Blackstone L.P. and its affiliates reduce its ownership to less than 50% of the outstanding shares of Common Stock of the Company, and
(2) the [insert date that is the seventh anniversary of the IPO]. 

 To the extent that the Holder’s
employment with the Employer terminates prior to an applicable vesting date, any then-unvested Distributed Shares will be forfeited, and the Holder will have no further rights with respect to such forfeited Shares. Notwithstanding the foregoing, in
the event that (i) the Holder’s employment with the Employer is terminated by the Employer without Cause (as defined in the Amended and Restated Limited Liability Company Agreement of LQ Services, dated as of January 26, 2006, as
amended (the “LQ LLC Agreement”)), or as a result of the Holder’s death or Disability (as defined in the LQ LLC Agreement), or (ii) a Change in Control (as defined in the Company’s 2014 Omnibus Incentive Plan) occurs,
the Holder will fully vest in the Distributed Shares, and no forfeiture will occur. 

 Dividends: If, at any time prior to the vesting of the Distributed Shares, the Issuer
declares a dividend on the Common Stock, any dividend attributable to such unvested Distributed Shares will be retained by the Issuer, and distributed (without interest) as and if the applicable shares vest. 

Transfer and Assignment: The Distributed Shares shall be subject to the following restrictions on transfer and Assignment: 

 

	 	•	 	The Distributed Shares may not, at any time prior to vesting in accordance with the terms herein, be Assigned and any such purported Assignment shall be void and unenforceable against the Company or any affiliate.
Further, in accordance with the lock-up agreement executed with the underwriters of the IPO, during the period from the date of the final prospectus relating to the IPO and continuing through the date 180 days after the closing date of the IPO, the
Distributed Shares may not be sold or transferred except with the prior written consent of the representatives of the underwriters. For purposes hereof, “Assign” or “Assignment” shall mean (in either the noun or the
verb form, including with respect to the verb form, all conjugations thereof within their correlative meanings) with respect to any security, the gift, sale, assignment, transfer, pledge, hypothecation or other disposition (whether for or without
consideration, whether directly or indirectly, and whether voluntary, involuntary or by operation of law) of such security or any interest therein. 

  

	 	•	 	The Distributed Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and accordingly, may not be sold or transferred except pursuant to an effective
registration statement under the Securities Act or pursuant to an applicable exemption therefrom. To the extent applicable, all book entries (or certificates, if any) representing the Distributed Shares shall be subject to the rules, regulations,
and other requirements of the Securities and Exchange Commission, any stock exchange upon which such shares of Common Stock are listed, and any applicable Federal or state laws, and the Company may cause notations to be made next to the book entries
(or a legend or legends put on certificates, if any) to make appropriate reference to such restrictions. Any such book entry notations (or legends on certificates, if any) shall include a description to the effect of the vesting, forfeiture and
transfer restrictions set forth herein. 

 Restrictive Covenants: The Holder’s obligations under the restrictive
covenants with LQ Services, including applicable prohibitions against competing, will continue to apply following the Distribution, and may be enforced by LQ Services or the Company. 

Tax Withholding: The Holder may be required to pay to the Company or any affiliate and the Company has the right and has been authorized
to withhold, any applicable withholding taxes in respect of the Distributed Shares at the minimum applicable statutory rates, and to take such action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of
such withholding taxes. 
 Book Entry/Certification: The Company shall recognize the Holder’s ownership of Distributed Shares
through uncertificated book entry. If elected by the Company, certificates evidencing the Distributed Shares may be issued by the Company and any such certificates shall be registered in the Holder’s name on the stock transfer books of the
Company promptly after the date hereof, but shall remain in the physical custody of the Company or its designee at all times prior to the later of (x) the vesting of the Distributed Shares as provided herein and (y) the expiration of any

 
transfer restrictions applicable to the Distributed Shares. As soon as practicable following such time, any certificates for the Distributed Shares shall be delivered to the Holder or to the
Holder’s legal guardian or representative) along with the stock powers relating thereto. No certificates shall be issued for fractional shares of Common Stock. To the extent required by the Company, the Holder shall deliver to the Company a
stock power, duly endorsed in blank, relating to the Distributed Shares that have not previously vested. However, the Company shall not be liable to the Holder for damages relating to any delays in issuing the certificates (if any) to the Holder,
any loss by the Holder of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. 

While the Company cannot require the Holder to do so, the Company expects that the Holder will timely file a completed election under
Section 83(b) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”), within thirty (30) days following the date of the transfer. The Holder should consult his or her tax
advisor regarding the consequences of making or failing to make such election, as well as the receipt, vesting, holding and subsequent sale of the Distributed Shares. A form of Section 83(b) election is attached as Exhibit A. For
purposes of determining the value of the Distributed Shares as of the Date of Distribution, the value of each share of Common Stock was $[—].1 A
copy of any Section 83(b) election timely filed should be provided to the Company. 

*            *           
 * 
  

			
	LA QUINTA HOLDINGS INC.
	
	  

	By:	 	
	Title:	 	

 The Holder hereby acknowledges the receipt of the Distributed Shares and that the Holder has read and understands the
provisions of this Share Distribution Acknowledgement as it applies to the Distributed Shares. 
  

			
	Signature:	 	  

		
	Name:	 	  

		
	Date:	 	  

  

	1 	Insert IPO Price 

 Exhibit A 

ELECTION TO INCLUDE SHARES IN GROSS 

INCOME PURSUANT TO SECTION 83(b) OF THE 

INTERNAL REVENUE CODE 

The undersigned acquired shares of Common Stock (the “Common Stock”) of La Quinta Holdings Inc. (the
“Company”) on [Insert the Date of Distribution]. 
 The undersigned desires to make an election to have the
Shares taxed under the provision of Section 83(b) of the Internal Revenue Code of 1986, as amended (“Code §83(b)”), at the time the undersigned acquired the Common Stock. 

Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder, the undersigned hereby makes an election,
with respect to the Common Stock, to report as taxable income for calendar year 2014 the excess, if any, of the Shares’ fair market value on the Transfer Date over the acquisition price thereof. 

The following information is supplied in accordance with Treasury Regulation §1.83-2(e): 

The name, address and social security number of the undersigned: 
  

			
	 Name:
	 	  

		
	 Address:
	 	  

		
		 	  

		
	 SSN:
	 	                    -                
    -                    

 A description of the property with respect to which the election is being made: [Insert the Number of
Distributed Shares] shares of Common Stock of La Quinta Holdings Inc. 
 The date on which the property was
transferred: [Insert Date of Distribution]. 
 The taxable year for which such election is made: calendar year
2014. 
 The restrictions to which the property is subject: The Shares are subject to time based and/or performance based
vesting conditions. If the undersigned ceases to be employed by any of the Company under certain circumstances, all or a portion of the Shares may be subject to forfeiture. The Shares are also subject to transfer restrictions. 

The aggregate fair market value on the Transfer Date of the property with respect to which the election is being made,
determined without regard to any lapse restrictions: $[Insert the Product of the Number of Distributed Shares and the Per Share Value (as provided in the Acknowledgement)] 

The aggregate amount paid for such property: $[Insert the Product of the Number of Distributed Shares and the Per Share
Value (as provided in the Acknowledgement)] 
 A copy of this election has been furnished to the Secretary of the Company pursuant
to Treasury Regulations §1.83-2(e)(7). 

							
		
	Dated:             , 2014             	 	  

				
		 	Name:EX-10.12

 Exhibit 10.12 

RESTRICTED STOCK GRANT NOTICE 

UNDER THE 
 LA QUINTA
HOLDINGS INC. 
 2014 OMNIBUS INCENTIVE PLAN 

La Quinta Holdings Inc. (the “Company”), pursuant to its 2014 Omnibus Incentive Plan (the “Plan”), hereby
grants to the Participant set forth below the number of shares of Restricted Stock set forth below. The shares of Restricted Stock are subject to all of the terms and conditions as set forth herein, in the Restricted Stock Agreement (attached hereto
or previously provided to the Participant in connection with a prior grant), and in the Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan. 

 

	 Participant: 
	[Insert Participant Name] 

  

	 Vesting Commencement Date: 
	[Insert IPO Date] 

 Number of Shares of 

	 Restricted Stock: 
	[Insert No. of Shares of Restricted Stock Granted] 

  

	 Vesting Schedule: 
	Provided the Participant has not undergone a Termination at the time of each applicable vesting date (or event): 

  

	 	•	 	50% of the Restricted Stock will be immediately vested; 

  

	 	•	 	40% of the Restricted Stock will vest on the first anniversary of the Vesting Commencement Date; and 

  

	 	•	 	10% of the Restricted Stock will vest on the earlier of, the date that Blackstone L.P. and its Affiliates cease to own 50% or more of the shares of Common Stock of the Company or the seventh anniversary of the Vesting
Commencement Date; 

  

	 	provided, however, that in the event that (i) the Participant undergoes a Termination by the Service Recipient without Cause, or as a result of such Participant’s death or Disability, or (ii) a Change
in Control occurs, such Participant shall fully vest in such Participant’s Restricted Stock. 

Additional Terms: 
  

	 	•	 	The Committee has approved permission for the Participant to satisfy, in whole or in part, such Participant’s required withholding or any other applicable taxes in respect of the shares of Restricted Stock awarded
under this Grant Notice, by having the Company withhold from the number of shares of Common Stock otherwise issuable or deliverable pursuant to the exercise or settlement of the Grant Notice, a number of shares with a Fair Market Value equal to such
withholding liability; provided that with respect to shares withheld, the number of such shares may not have a Fair Market Value greater than the minimum required statutory withholding liability. 

 

	 	•	 	For purposes hereof, prior to the finding of the existence of Cause under clauses (ii)(A), (B) and (D) of the definition thereof, the Company must provide (x) the Participant written notice setting forth the alleged
Cause event and (y) such Participant not less than ten (10) days to fully cure such alleged Cause event. 

  

	 	*        *        * 

 THE UNDERSIGNED PARTICIPANT ACKNOWLEDGES RECEIPT OF THIS RESTRICTED STOCK GRANT NOTICE, THE RESTRICTED STOCK
AGREEMENT AND THE PLAN, AND, AS AN EXPRESS CONDITION TO THE GRANT OF SHARES OF RESTRICTED STOCK HEREUNDER, AGREES TO BE BOUND BY THE TERMS OF THIS RESTRICTED STOCK GRANT NOTICE, THE RESTRICTED STOCK AGREEMENT AND THE PLAN. 

 

					
	 LA QUINTA HOLDINGS INC.
	 		 	PARTICIPANT1
	 	 		 	 
	 By:
	 		 	
	 Title:
	 		 	

  

	1 	To the extent that the Company has established, either itself or through a third-party plan administrator, the ability to accept this award electronically, such acceptance shall constitute the Participant’s
signature hereof. 

  
 2 

 RESTRICTED STOCK AGREEMENT 

UNDER THE 
 LA QUINTA
HOLDINGS INC. 
 2014 OMNIBUS INCENTIVE PLAN 

Pursuant to the Restricted Stock Grant Notice (the “Grant Notice”) delivered to the Participant (as defined in the Grant
Notice), and subject to the terms of this Restricted Stock Agreement (this “Restricted Stock Agreement”) and the La Quinta Holdings Inc. 2014 Omnibus Incentive Plan (the “Plan”), La Quinta Holdings Inc. (the
“Company”) and the Participant agree as follows. Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. 

1. Grant of Shares of Restricted Stock. Subject to the terms and conditions set forth herein and in the Plan, the Company hereby
grants to the Participant the number of shares of Restricted Stock provided in the Grant Notice. The Company may make one or more additional grants of shares of Restricted Stock to the Participant under this Restricted Stock Agreement by providing
the Participant with a new Grant Notice, which may also include any terms and conditions differing from this Restricted Stock Agreement to the extent provided therein. The Company reserves all rights with respect to the granting of additional shares
of Restricted Stock hereunder and makes no implied promise to grant additional shares of Restricted Stock. 
 2. Vesting.
Subject to the conditions contained herein and the Plan, the shares of Restricted Stock shall vest and the restrictions on such shares of Restricted Stock shall lapse as provided in the Grant Notice. With respect to any share of Restricted Stock,
the period of time that such share of Restricted Stock remains subject to vesting shall be its Restricted Period. 
 3. Issuance of
Shares of Restricted Stock. The provisions of Section 9(d)(i) of the Plan are incorporated herein by reference and made a part hereof. 

4. Treatment of Shares of Restricted Stock Upon Termination. The provisions of Sections 9(b) and 9(c)(ii) of the Plan are
incorporated herein by reference and made a part hereof. 
 5. Company; Participant.  

(a) The term “Company” as used in this Agreement with reference to employment shall include the Company and its subsidiaries. 

(b) Whenever the word “Participant” is used in any provision of this Agreement under circumstances where the provision should
logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word “Participant” shall be
deemed to include such person or persons. 
 6. Non-Transferability. The shares of Restricted Stock are not transferable by
the Participant except to Permitted Transferees in accordance with Section 14(b) of the Plan. Except as otherwise provided herein, no assignment or transfer of the shares of Restricted Stock, or of the rights represented thereby, whether
voluntary or involuntary, by operation of law or otherwise, shall vest in the assignee or transferee any interest or right herein whatsoever, but immediately upon such assignment or transfer the shares of Restricted Stock shall terminate and become
of no further effect. 
 7. Rights as Stockholder; Legend. The provisions of Sections 9(b) and 9(e) of the Plan are
incorporated herein by reference and made a part hereof. 

  
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 8. Tax Withholding. The provisions of Section 14(d) of the Plan are
incorporated herein by reference and made a part hereof. 
 9. Notice. Every notice or other communication relating to this
Agreement between the Company and the Participant shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other
party as herein provided; provided that, unless and until some other address be so designated, all notices or communications by the Participant to the Company shall be mailed or delivered to the Company at its principal executive office, to
the attention of the Company General Counsel, and all notices or communications by the Company to the Participant may be given to the Participant personally or may be mailed to the Participant at the Participant’s last known address, as
reflected in the Company’s records. Notwithstanding the above, all notices and communications between the Participant and any third-party plan administrator shall be mailed, delivered, transmitted or sent in accordance with the procedures
established by such third-party plan administrator and communicated to the Participant from time to time. 
 10. No Right to Continued
Service. This Agreement does not confer upon the Participant any right to continue as an employee or service provider to the Company. 

11. Binding Effect. This Agreement shall be binding upon the heirs, executors, administrators and successors of the parties
hereto. 
 12. Waiver and Amendments. Except as otherwise set forth in Section 13 of the Plan, any waiver, alteration,
amendment or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by the parties hereto; provided, however, that any such waiver, alteration, amendment or modification is consented to on the
Company’s behalf by the Committee. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such waiver specifically
states that it is to be construed as a continuing waiver. 
 13. Governing Law. This Agreement shall be construed and
interpreted in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof. Notwithstanding anything contained in this Restricted Stock Agreement, the Grant Notice or the Plan to the contrary, if
any suit or claim is instituted by the Participant or the Company relating to this Restricted Stock Agreement, the Grant Notice or the Plan, the Participant hereby submits to the exclusive jurisdiction of and venue in the courts of Delaware. 

14. Plan. The terms and provisions of the Plan are incorporated herein by reference. In the event of a conflict or inconsistency
between the terms and provisions of the Plan and the provisions of this Agreement, the Plan shall govern and control. 

  
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