Target Growth definition
Examples of Target Growth in a sentence
If the Company achieves greater than the Target Growth over the Performance Period, Participant will receive more Shares than the Target Performance Award, determined on an accelerated basis in accordance with the chart below.
If the Company achieves less than Target Growth over the Performance Period, Participant will receive fewer Shares than the Target Performance Award, determined on a straight-line basis as indicated on the chart below.
The 8 Target Growth Areas include Midtown/River North, Downtown Core, ▇▇▇▇▇ ▇▇▇▇▇▇/Hemisfair Corridor, Near River South, Medical District, Civic Core, Near East Side, and Near West Side.
Such portfolios are the Large Capitalization Value Portfolio of The Target Portfolio Trust; Target Conservative Allocation Fund, Target Moderate Allocation Fund and Target Growth Allocation Fund, each a series of Target Asset Allocation Funds; and AST Large-Cap Value Portfolio, a series of Advanced Series Trust.
The Target Growth Rate is 20%; and the Minimum Net Income is the amount calculated on the same basis as the Target Net Income except that the Minimum Growth Rate is substituted for the Target Growth Rate.
Target Growth Rate The Company will target annual increases in NAV that may vary from time to time and shall be based on appreciation in the NAV of the FUND’s real estate portfolio together with investment of the Company’s free cash flow into the acquisition of additional properties for the FUND’s real estate portfolio.
If the Company achieves greater than the Target Growth over the Performance Period, Participant will receive more Performance RSUs than the Target Performance Award, determined on an accelerated basis in accordance with the chart below.
The Target Growth Rate is: (i) 5% from the 3rd Year to the 5th Year; and (ii) thereafter, the growth rate of the rent under the Lease Agreement.
None of the Performance Restricted Stock Units will vest if Minimum Target Growth is not achieved.
If the Participant’s employment is terminated by reason of his or her disability and the Performance Restricted Stock Units credited to the Account are not fully vested, the Pro Rata Portion (as defined in Appendix A) of the Target Growth RSUs credited to the Account shall vest.