Examples of Absolute TSR Goal in a sentence
SIMON PROPERTY GROUP, INC., a Delaware corporation By: Name: Title: SIMON PROPERTY GROUP, L.P., a Delaware limited partnership By: Simon Property Group, Inc., a Delaware corporation, its general partner By: Name: Title: GRANTEE Name: EXHIBIT A PAYOUT MATRIX The Committee will determine the number of Award LTIP Units that become Earned LTIP Units by determining the extent to which the Absolute TSR Goal and the Relative TSR Goals have been achieved as set forth in the following payout matrix.
If you have a Separation from Service due to your death or Disability, any unearned PSUs shall become immediately earned and vested as of the date of such Separation from Service to the extent that the applicable Absolute TSR Goal has been satisfied as of the date of your Separation from Service.
In addition, if the Absolute TSR Goal is not achieved as of December 6, 2023, all 89,206 shares of Restricted Stock subject to vesting under Section 4(ii) shall terminate immediately as of December 6, 2023 and be forfeited in their entirety.