Relative Performance Award definition

Relative Performance Award or “RPA” means, unless modified by the Committee pursuant to the authority granted to it herein, an award under the Plan which will be paid to a Participant that rewards Participants for changes in the Company’s Relative Performance compared to a group of Peer Companies.
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Relative Performance Award means that portion of an LTIP Bonus which is based on a reward earned due to performance relative to a peer group of companies. Effective for Performance Cycles (as that term is defined in the LTIP) beginning on or after January 1, 2006, grants of Relative Performance Awards will no longer be available under the LTIP.
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Relative Performance Award means an award that entitles the Participant to earn Common Shares as determined in accordance with the terms and provisions of the 2013 VSEP based upon increases in relative total shareholder return of the Company compared to the performance of the NAREIT Index.
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Examples of Relative Performance Award in a sentence

  • This Relative Performance Award is conditioned upon your remaining in the employment of the Company or its subsidiaries for the Retention Period.

  • If your employment terminates during the Retention Period as a result of death or permanent and total disability or within two years after a Change of Control of the Company, the Relative Performance Award shall become earned and payable in accordance with its terms, notwithstanding such termination.

  • This Agreement and the Relative Performance Award granted hereunder are conditioned upon Grantee not disclosing this Agreement to anyone other than Grantee's spouse or confidential financial advisors, senior management of the Company or members of the Company's Legal Services, Tax and Human Resources departments.

  • The Retention Restrictions will lapse on the Earned Shares in 20% annual increments beginning with respect to the first ( ) Earned Shares[ (consisting of ( ) Absolute Performance Award Shares and ( ) Relative Performance Award Shares)] on the Measurement Date, and continuing on each of the first four anniversaries of such date (the “Vesting Schedule” and each such date a “Vesting Date”).

  • Nothing in the Plan or this Relative Performance Award confers any right of continuing employment with the Company or its subsidiaries.

  • This Relative Performance Award constitutes 40% of your total equity Award made under the Plan as of the Grant Date.


More Definitions of Relative Performance Award

Relative Performance Award means the award which will be paid to a Participant, if the Company’s Relative Performance for a Performance Cycle satisfies the Performance Schedule contained in a Grant Agreement.
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