Base Performance Share Value

Example Definitions of "Base Performance Share Value"
Base Performance Share Value. Means the fair market value as of the date of the Change of Control of the number of unvested shares underlying the Employee's outstanding performance share awards that would have been earned pursuant to the terms of the award if the performance period for each such award ended immediately prior to the Change of Control. For such purposes, the level of achievement of the performance goals established for each such award will be determined on the date immediately prior to the Change of Control... as follows: (X) if the goal is a market-based goal, such as total shareholder return or stock price, then the actual performance to date shall be used, and (Y) if the goal is not a market-based goal, then the annualized forecasted number for such goal as most recently prepared by the Company prior to the date of the Change of Control shall be used and treated as if it were actual performance. View More
Found in REGENCY CENTERS LP contract
Base Performance Share Value. Means the fair market value as of the date of the Change of Control of the number of unvested shares underlying the Employee's outstanding performance share awards that would have been earned pursuant to the terms of the award if the performance period for each such award ended immediately prior to the Change of Control. Control and the award was earned at (i) the maximum level, if the Change of Control occurs prior to January 1, 2017, or (ii) based on the level of achievement (as determined... pursuant to the following sentence) if the Change of Control occurs on or after January 1, 2017. For such purposes, purposes of clause (ii), the level of achievement of the performance goals established for each such award will be determined on the date immediately prior to the Change of Control as follows: (X) if the goal is a market-based goal, such as total shareholder return or stock price, then the actual performance to date shall be used, and (Y) if the goal is not a market-based goal, then the annualized forecasted number for such goal as most recently prepared by the Company prior to the date of the Change of Control shall be used and treated as if it were actual performance. View More
Found in REGENCY CENTERS LP contract
Base Performance Share Value. Means the fair market value as of the date of the Change of Control of the number of unvested shares underlying the Employee's outstanding performance share awards that would have been earned pursuant to the terms of the award if the performance period for each such award ended immediately prior to the Change of Control. Control and the award was earned at (i) the maximum level, if the Change of Control occurs prior to January 1, 2017, or (ii) based on the level of achievement (as determined... pursuant to the following sentence) if the Change of Control occurs on or after January 1, 2017. For such purposes, purposes of clause (ii), the level of achievement of the performance goals established for each such award will be determined on the date immediately prior to the Change of Control as follows: (X) if the goal is a market-based goal, such as total shareholder return or stock price, then the actual performance to date shall be used, and (Y) if the goal is not a market-based goal, then the annualized forecasted number for such goal as most recently prepared by the Company prior to the date of the Change of Control shall be used and treated as if it were actual performance. View More
Found in REGENCY CENTERS LP contract
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Base Performance Share Value. Means the fair market value as of the date of the Change of Control of the unvested shares underlying the Employee's maximum performance share opportunity outstanding immediately prior to the Change of Control.
Found in Regency Centers Corporation contract
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