Common use of Company TSR Clause in Contracts

Company TSR. Up to one-half of the LTIP Units shall: (A) Vest as of the end of the applicable Measurement Period as provided in the following paragraphs (i), (ii), (iii), (iv) and (v); and (B) be forfeited as of May 14, 2018 if not Vested on or before May 14, 2018. (i) 10% of the LTIP Units shall Vest if the Company TSR for the Measurement Period ending on May 14, 2014 is greater than 7.00%. (ii) 10% of the LTIP Units shall Vest if the Company TSR for the Measurement Period ending on May 14, 2015 is greater than 14.49%. (iii) 10% of the LTIP Units shall Vest if the Company TSR for the Measurement Period ending on May 13, 2016 is greater than 22.50%. (iv) 10% of the LTIP Units shall Vest if the Company TSR for the Measurement Period ending on May 12, 2017 is greater than 31.08%. (v) Any of the LTIP Units not previously Vested under paragraphs 3(a)(i) – (iv) shall Vest if the Company TSR for the Measurement Period ending on May 14, 2018 is greater than 40.25%.