Cumulative Performance Sample Clauses
Cumulative Performance. (i) Any unvested portion of the Relative NAREIT TSR Award will vest if the cumulative Relative NAREIT TSR for the Company for the period January 1, 2009 through December 31, 2011, as determined by the Committee in a manner consistent with the methodology described in Section 3 of this Agreement, equals or exceeds the 75th percentile of the peer companies in the NAREIT Equity Index; as determined by the Committee, provided that the Executive is employed by the Company on the date the Committee determines the cumulative Relative NAREIT TSR. Any unvested portion of the Relative NAREIT TSR Award that does not vest in accordance with this Section 5 shall be forfeited on the date the Committee determines the cumulative Relative NAREIT TSR.
(ii) Any unvested portion of the Relative Lodging TSR Award will vest if the cumulative Relative Lodging TSR for the Company for the period January 1, 2009 through December 31, 2011, as determined by the Committee in a manner consistent with the methodology described in Section 4 of this Agreement, equals or exceeds the 75th percentile of the peer companies in the Lodging Index, as determined by the Committee, provided that the Executive is employed by the Company on the date the Committee determines the cumulative Relative Lodging TSR. Any unvested portion of the Relative Lodging TSR Award that does not vest in accordance with this Section 5 shall be forfeited on the date the Committee determines the cumulative Relative Lodging TSR.
Cumulative Performance. Shares of the Earnings-Based Award and Shareholder Return Performance Award that do not vest in calendar years 2003, 2004 or 2005 may vest upon satisfaction of a cumulative performance (“Cumulative Performance”) criterion. The cumulative performance target shall be a total cumulative return over the three years equal to sixteen percent (16%). The vesting and release of shares subject to Cumulative Performance shall only occur if the full (100%) Cumulative Performance target is satisfied.
Cumulative Performance. Shares of each of the Absolute TSR Award and Relative TSR Award that do not vest during a relevant period may vest upon satisfaction of a cumulative performance criterion, each measured independently as described below. Any unvested portion of the Absolute TSR Award will vest if the average of the high and low trading prices of the Company common stock for any consecutive 60 calendar day period during the period July 1, 2008 through December 31, 2008 equals or exceeds a cumulative 15% TSR over the Starting Price for the January 1, 2006; provided that the Executive is employed by the Company on the date that the Committee determines the Absolute TSR for such period and such Executive’s employment with the Company had not terminated during the three year vesting period, unless otherwise provided in Section 8 of this Agreement. Any unvested portion of the Relative TSR Award will vest if the cumulative Relative TSR for the Company for the period January 1, 2006 through December 31, 2008 equals or exceeds the 80th percentile of the peer companies in the NAREIT Equity Index; provided that the Executive is employed by the Company on the date the Committee determines the cumulative Relative TSR and such Executive’s employment with the Company had not terminated during the three year vesting period, unless otherwise provided in Section 8 of this Agreement.