Common use of Performance Vesting Clause in Contracts

Performance Vesting. As soon as reasonably practicable (but in no event more than forty-five (45) days) following the completion of the Performance Period, the Administrator shall determine the Absolute TSR Performance Vesting Percentage, the Acquisition Performance Vesting Percentage, the Average Lease Term Performance Vesting Percentage, the Disposition Performance Vesting Percentage, the Occupancy Rate Performance Vesting Percentage and the number of RSUs granted hereby that have become Absolute TSR Vested RSUs, Acquisition Vested RSUs, Average Lease Term Vested RSUs, Disposition Vested RSUs, Occupancy Rate Vested RSUs and Performance Vested RSUs, in each case as of the completion of the Performance Period. Subject to Sections 5(b) and 6(b) below, upon such determination by the Administrator, the Restrictions set forth in Section 6(a) below applicable to any outstanding Performance Vested RSUs (if any) shall lapse and such Performance Vested RSUs shall become fully vested, subject to Participant’s continued status as a Service Provider through such vesting date. Any RSUs granted hereby which do not satisfy the requirements to become Performance Vested RSUs as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Performance Vesting. As soon as reasonably practicable (but in no event more than forty-five (45) 45 days) following the completion of the Performance Period, the Administrator Committee shall determine the Company TSR Percentage, the Peer Group TSR Percentages, the Peer Group Relative Performance, the Absolute TSR Performance Vesting Percentage, the Acquisition Performance Vesting Percentage, the Average Lease Term Performance Vesting Percentage, the Disposition Performance Vesting Percentage, the Occupancy Rate Relative TSR Performance Vesting Percentage and the number of RSUs granted hereby that have become Absolute TSR Vested RSUs, Acquisition Vested RSUs, Average Lease Term Vested RSUs, Disposition Vested RSUs, Occupancy Rate Relative TSR Vested RSUs and Performance Vested RSUs, in each case as of the completion of the Performance Period. Subject to Sections 5(b) and 6(b) below, upon such determination by the AdministratorCommittee, the Restrictions set forth in Section 6(a) below applicable to any outstanding Performance Vested RSUs (if any) shall lapse and such Performance Vested RSUs shall become fully vested, subject to Participant’s continued status as a Service Provider through such vesting date. Any RSUs granted hereby which do not satisfy the requirements to become Performance Vested RSUs as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Performance Vesting. The RSUs shall become Performance Vested RSUs based on the achievement during the Performance Period of the Company TSR Percentage, by multiplying the applicable Absolute TSR Performance Vesting Percentage (as determined in accordance with Exhibit A) by the total number of RSUs granted hereunder. As soon as reasonably practicable (but in no event more than forty-five (45) 45 days) following the completion of the Performance Period, the Administrator Board shall determine the Company TSR Percentage as of the completion of the Performance Period, and the Administrator shall apply such determination to calculate the Absolute TSR Performance Vesting Percentage, the Acquisition Performance Vesting Percentage, the Average Lease Term Performance Vesting Percentage, the Disposition Performance Vesting Percentage, the Occupancy Rate Performance Vesting Percentage and the number of RSUs granted hereby that have become Absolute TSR Vested RSUs, Acquisition Vested RSUs, Average Lease Term Vested RSUs, Disposition Vested RSUs, Occupancy Rate Vested RSUs and Performance Vested RSUs, in each case case, as of the completion of the Performance Period. Subject to Sections 5(b) and 6(b) below, upon such determination by the Administratordeterminations, the Restrictions set forth in this Section 5(a) and in Section 6(a) below applicable to any outstanding Performance Vested RSUs (if any) shall lapse and such Performance Vested RSUs shall become fully vested, subject to Participant’s continued status as a Service Provider through such vesting date. the last day of the Performance Period as set forth on Exhibit A. Any RSUs granted hereby which do not satisfy the requirements to become Performance Vested RSUs as of the completion of the Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.

Performance Vesting. As soon as reasonably practicable (but in no event more than forty-five sixty (4560) days) following the completion of the applicable Performance Period, the Administrator shall determine the Absolute TSR Company AFFO per Share, the AFFO per Share Performance Vesting Percentage, the Acquisition Company Same Warehouse NOI Growth, the Same Warehouse NOI Performance Vesting Percentage, the Average Lease Term Performance Vesting Company TSR Percentage, the Disposition Performance Vesting PercentageS&P 500 Index TSR Percentages, the Occupancy Rate S&P 500 Index Relative Performance, the Relative TSR Performance Vesting Modifier Percentage and the number of RSUs granted hereby that have become Absolute TSR AFFO per Share Vested RSUs, Acquisition Vested RSUs, Average Lease Term Vested RSUs, Disposition Vested RSUs, Occupancy Rate Same Warehouse NOI Vested RSUs and Performance Vested RSUs, in each case as of the completion of the applicable Performance Period. Subject to Sections 5(b) and Sections 6(b) and (c) below, upon such determination by the Administrator, the Restrictions set forth in Section 6(a) below applicable to any outstanding Performance Vested RSUs (if any) shall lapse and such Performance Vested RSUs shall become fully vestedvest and cease to be subject to the Restrictions, subject to the Participant’s continued status as a Service Provider through such vesting date. Any RSUs granted hereby which do not satisfy the requirements to become Performance Vested RSUs as of the completion of the applicable Performance Period will automatically be cancelled and forfeited without payment of any consideration therefor, and the Participant shall have no further right to or interest in such RSUs.