FFO Growth definition
Examples of FFO Growth in a sentence
The Management Objectives applicable to the Restricted Shares for each of the years ending December 31, 2000, 2001 and 2002 (each a "Performance Year") shall be based on the Company's ranking within an index of the levels of annual growth in funds from operations ("FFO") per share of common stock (or other comparable interest) (the "Growth Rate") for each company in the Company's peer group1 (the "FFO Growth Index").
Notwithstanding anything contained herein, all determinations, interpretations and assumptions relating to the vesting of the Award (including, without limitation, determinations, interpretations and assumptions with respect to Company Core FFO Growth Percentage, Company TSR Percentage and/or Peer Group TSR Percentage and the vesting and earning of OPP Units) shall be made by the Administrator.
If, upon the Absolute FFO Growth Measurement Date, Absolute FFO Growth as of such date equals the target level, as set forth in the Performance Matrix, the percentage of PRSAs set forth in the Performance Matrix for the target level for the Absolute FFO Growth Measurement Date (rounded up to the nearest whole number of PRSAs) shall become Vested.
FFO Growth over the first two years of 22% (between April 30, 1995 and April 30, 1997), which is equal to the 70th percentile of the Indexed REITs for a similar period, and of 12% in the third year (between April 30, 1997 and April 30, 1998, the last fiscal quarter ended 45 days or more prior to the termination date), which is equal to the 90th percentile of the Indexed REITs for a similar period.
If, upon the Absolute FFO Growth Measurement Date, Absolute FFO Growth as of such date equals the threshold level, as set forth in the Performance Matrix, the percentage of PRSAs set forth in the Performance Matrix for the threshold level for the Absolute FFO Growth Measurement Date (rounded up to the nearest whole number of PRSAs) shall become Vested.
If, upon the Absolute FFO Growth Measurement Date, Absolute FFO Growth as of such date equals the threshold level, as set forth in the Performance Matrix, the percentage of LTIP Units set forth in the Performance Matrix for the threshold level for the Absolute FFO Growth Measurement Date (rounded up to the nearest whole number of LTIP Units), shall become Vested.
If, upon the Absolute FFO Growth Measurement Date, Absolute FFO Growth as of such date exceeds the threshold level, but is less than the target level, as set forth in the Performance Matrix, a percentage of the PRSAs between the threshold percentage for the Absolute FFO Growth Measurement Date and the target percentage for the Absolute FFO Growth Measurement Date (determined on the basis of straight-line mathematical interpolation) (rounded up to the nearest whole number of PRSAs) shall become Vested.
If, upon the Absolute FFO Growth Measurement Date, Absolute FFO Growth as of such date exceeds the target level, but is less than the maximum level, as set forth in the Performance Matrix, a percentage of LTIP Units between the target percentage for the Absolute FFO Growth Measurement Date and the maximum percentage for the Absolute FFO Growth Measurement Date (determined on the basis of straight-line mathematical interpolation) (rounded up to the nearest whole number of LTIP Units), shall become Vested.
From 0% to 50% of the LTIP Units will be earned based on the achievement of Absolute FFO Growth during the Absolute FFO Growth Measurement Period, as provided in Section 4 of this Statement of Management Objectives.
The Committee shall determine the achievement of the performance for both RTSR and Absolute FFO Growth following each RTSR Measurement Date and shall notify the holder of the number of LTIP Units earned under both performance metrics within one business day of such determination.