Earned LTIP Units definition
Earned LTIP Units means the number of Award LTIP Units that are determined by the Committee to have been earned pursuant to an Award Agreement.
Earned LTIP Units means those Award LTIP Units that have been determined by the Committee to have been earned on the Valuation Date based on the extent to which the Absolute TSR Goal and the Relative TSR Goals have been achieved as set forth in Section 3(c) or have otherwise been earned under Section 4.
Earned LTIP Units means the number of Award LTIP Units that are determined by
Examples of Earned LTIP Units in a sentence
If the number of Earned LTIP Units is the same as the number of Award LTIP Units held by the Participant pursuant to this Award, then there will be no change to the number of Award LTIP Units under this Award pursuant to this Section 3.
If the Valuation Date occurs upon the date of a Change in Control, (i) the provisions of Section 3 (as modified by the provisions of Section 4(b), if applicable) shall apply to determine the number of Earned LTIP Units and (ii) all Earned LTIP Units will vest on the Valuation Date; provided that the percentage of the Maximum Amount earned shall not be less than 50%.
More Definitions of Earned LTIP Units
Earned LTIP Units has the meaning set forth in Section 3(c).
Earned LTIP Units means those Award LTIP Units that have been determined by the Committee, in its sole and absolute discretion, to have been earned on the applicable Valuation Date based on the extent to which the FFO Goal or the Relative TSR Goal have been achieved as set forth in Section 3(c) or have otherwise been earned under Section 4.
Earned LTIP Units has the meaning set forth in Section 15.2(a).
Earned LTIP Units means the sum of (i) Earned Absolute TSR LTIP Units, (ii) Earned MSCI Relative LTIP Units, and (iii) Earned NAREIT Relative Performance LTIP Units.
Earned LTIP Units has the meaning set forth on Schedule I.
Earned LTIP Units has the meaning set forth in Section 3(p) of this Agreement.
Earned LTIP Units means [the number of (i) LTIP Units covered by the Award, multiplied by (ii) the [Payout Percentage]].