Performance Threshold

Performance Threshold. Means the greater of (i) an amount equal to a deemed increase in Shareholder Value determined as of April 1, 2005 through the end of the Measurement Period that equates to a 12% annual rate compounded as of the last day of each calendar year that ends during the Measurement Period (e.g., Shareholder Value determined as April 1, 2005 times 57.33% if the last day of the Measurement Period is March 31, 2009) and (ii) an amount equal to a deemed increase in Shareholder Value determined as of April... 1, 2005 through the end of the Measurement 3 Period that equates to a rate equal to 115% of the total return of the Morgan Stanley REIT Index (expressed as a percentage) over the Measurement Period (i.e., Shareholder Value determined as of April 1, 2005 times 115% of the percentage increase in such index (if any) over the Measurement Period). View More

Performance Threshold. Has the meaning given to such term in Section 6(b) hereof (in the case of a Covered Employee), or Section 7(b) hereof (in the case of a Participant who is not a Covered Employee).