Common use of Performance Criteria and Attainment Levels Clause in Contracts

Performance Criteria and Attainment Levels. (a) The number of Stock Units that will be earned pursuant to this Award will be based on the Company’s Equity REIT Relative TSR as of the Valuation Date in accordance with the following table: Equity REIT Relative TSR Percentage ofStock Units Earned Number ofStock UnitsEarned Below 5th percentile [____] [____] Equal to or above 5th percentile but below 25th percentile [____] [____] Equal to or above 25th percentile but below 50th percentile [____] [____] Equal to or above 50th percentile [____] [____] For Equity REIT Relative TSR falling between the 25th percentile and the 50th percentile, the number of Stock Units earned will be based on linear interpolation between the number of Stock Units that would have been earned if Equity REIT Relative TSR was at the 25th percentile and the number that would have been earned if Equity REIT Relative TSR was at the 50th percentile, as set forth above.

Appears in 1 contract

Samples: Award Agreement (Essex Portfolio Lp)

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Performance Criteria and Attainment Levels. (a) The number of Stock Units that will be earned pursuant to this Award will be based on the Company’s Equity REIT Relative TSR as of the Valuation Date in accordance with the following table: Equity REIT Relative TSR Percentage ofStock Units Earned Number ofStock UnitsEarned of Stock Units Earned Below 5th percentile [____] [____] Equal to or above 5th percentile but below 25th percentile [____] [____] Equal to or above 25th percentile but below 50th percentile [____] [____] Equal to or above 50th percentile [____] [____] For Equity REIT Relative TSR falling between the 25th percentile and the 50th percentile, the number of Stock Units earned will be based on linear interpolation between the number of Stock Units that would have been earned if Equity REIT Relative TSR was at the 25th percentile and the number that would have been earned if Equity REIT Relative TSR was at the 50th percentile, as set forth above.

Appears in 1 contract

Samples: Award Agreement (Essex Portfolio Lp)

Performance Criteria and Attainment Levels. (a) The number of Stock Units that will be earned pursuant to this Award will be based on the Company’s Equity REIT Relative TSR as of the Valuation Date in accordance with the following table: Equity REIT Relative TSR Percentage ofStock of Stock Units Earned Number ofStock UnitsEarned of Stock Units Earned Below 5th percentile [____] [____] 0 % 0 Equal to or above 5th percentile but below 25th percentile [____] 30 % [____] Equal to or above 25th percentile but below 50th percentile [____] 30% – 100 % [____] Equal to or above 50th percentile [____] 100 % [____] For Equity REIT Relative TSR falling between the 25th percentile and the 50th percentile, the number of Stock Units earned will be based on linear interpolation between the number of Stock Units that would have been earned if Equity REIT Relative TSR was at the 25th percentile and the number that would have been earned if Equity REIT Relative TSR was at the 50th percentile, as set forth above.

Appears in 1 contract

Samples: Award Agreement (Essex Portfolio Lp)

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Performance Criteria and Attainment Levels. (a) The number of Stock Units that will be earned pursuant to this Award will be based on the Company’s Equity REIT Relative TSR as of the Valuation Date in accordance with the following table: Equity REIT Relative TSR Percentage ofStock of Stock Units Earned Number ofStock UnitsEarned of Stock Units Earned Below 5th percentile [____] [____] Equal to or above 5th percentile but below 25th percentile [____] [____] Equal to or above 25th percentile but below 50th percentile [____] [____] Equal to or above 50th percentile [____] [____] For Equity REIT Relative TSR falling between the 25th percentile and the 50th percentile, the number of Stock Units earned will be based on linear interpolation between the number of Stock Units that would have been earned if Equity REIT Relative TSR was at the 25th percentile and the number that would have been earned if Equity REIT Relative TSR was at the 50th percentile, as set forth above.

Appears in 1 contract

Samples: Award Agreement (Essex Portfolio Lp)

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