NAREIT Index definition

NAREIT Index means the FTSE NAREIT Equity Office Index, or, in the event such index is discontinued or its methodology is significantly changed, a comparable index selected by the Committee in good faith.

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NAREIT Index means the companies comprising the Nareit FTSE Industrial Index, as of the Grant Date (adjusted to exclude those companies principally focused on highly specialized end uses such as cold storage or the cannabis industry, as determined by the Administrator in its discretion), (or, in the event such index no longer exists, any successors or replacement indices thereto) or, in the event such index is discontinued or its methodology is significantly changed (and there is no successor or replacement index), a comparable index as determined by the Administrator in its discretion

NAREIT Index means the FTSE NAREIT Equity REITs Total Return Index for the FTSE International Limited NAREIT U.S. Real Estate Index Series (or, if at any time such index ceases to exist, any other index reasonably determined by the Committee to be an appropriate substitute therefor).

Examples of NAREIT Index in a sentence

• Lastly, alternative investment returns were mixed in 2016 as positive returns in real estate (NAREIT Index +11%) and private equity were overshadowed by losses in commodities (CS Commodity Index ‐13%), energy (Oil ‐15%) and hedged strategies (HFRX Global Hedge Funds ‐6%).

• Under the employment agreements, we will be treated as achieving: (1) a “target” level of performance if the measure in question is both positive and equal to or greater than 100%, but less than 135%, of the median for the NAREIT Index for 2010; and (2) a “high” level of performance if the measure is both positive and equal to or greater than 135% of the median for the NAREIT Index for 2010.

• The total award opportunity available to each named executive officer for the fiscal year ending December 31, 2010, depends upon performance relative to the NAREIT Index as measured by both: (i) the growth rate in our FFO and (ii) our Total Shareholder Return.