rTSR definition
Examples of rTSR in a sentence
If the ROIC target is met and the CFVC target is exceeded, prior to adjusting for the RTSR multiplier, the Performance Share Grant payout (“PSU Grant Unadjusted Payout”) will be calculated at an amount above target.
The PSU Grant Unadjusted Payout shall be adjusted further for RTSR performance to determine the payout of the 2025-2027 PSU Grant.
No LTIP Units that Vest as of the first or second RTSR Measurement Date shall be forfeited even if the total number of LTIP Units that would have Vested as of the final RTSR Measurement Date is less than the total number that Vested on the prior RTSR Measurement Dates.
If, upon the RTSR Measurement Date, RTSR 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 RTSR Measurement Date and the target percentage for the RTSR Measurement Date (determined on the basis of straight-line mathematical interpolation) (rounded up to the nearest whole number of PRSAs) shall become Vested.
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.