Special Outperformance Pool

Example Definitions of "Special Outperformance Pool"
Special Outperformance Pool. The dollar value, if any, of 10% of the cumulative and compounded return to holders of common equity of the Company and Reckson Operating Partnership, L.P. ("ROP") (collectively, "Common Equity") based on the Base Price (including all dividends and stock appreciation) in excess of a cumulative and compounded return of 9% per annum during the four years completed before the fourth anniversary of the Date of Grant. For this purpose, such return shall be calculated as the product of (i) the sum of... (A) the increase in market value of the per share price of the Common Stock over the Base Price as of the fourth anniversary of the Date of Grant and (B) the total amount of the dividends paid per share of Common Stock during such four-year period; less the amount equal to a cumulative and compounded return of 9% per annum on the Base Price, and (ii) the average annual weighted average shares (units) of Common Equity outstanding for such four-year period. View More Arrow
Found in RECKSON ASSOCIATES REALTY CORP contract
Special Outperformance Pool. The Means the dollar value, if any, of equal to 10% of the cumulative and compounded return to holders of common equity of the Company and Reckson Operating Partnership, L.P. ("ROP") (collectively, "Common Equity") based on the Special Base Price (including all dividends and stock appreciation) in excess of a cumulative and compounded return of 9% per annum during the four years completed before the fourth anniversary of period from the Date of Grant. Grant through the calendar year end... immediately preceding the fourth Annual Vesting Date, up to, but not exceeding, a cumulative and compounded return of 15% per annum for such period. For this purpose, such return shall be calculated as the product of (i) the sum of (A) the increase in market value of the per share price of the Common Stock over the Special Base Price as of during the fourth anniversary of period from the Date of Grant through the calendar year end immediately preceding the fourth Annual Vesting Date and (B) the total amount of the dividends paid per share of Common Stock during such four-year period, up to, but not exceeding, a cumulative and compounded return of 15% per annum for such period; less the amount equal to a cumulative and compounded return of 9% per annum on the Special Base Price, and (ii) the average annual weighted average shares (units) of Common Equity outstanding for such four-year period. For this purpose, the increase, if any, of the per share price of the Common Stock shall be measured based upon the VWAP for the last ten trading days for the period ending at the calendar year end immediately preceding the fourth Annual Vesting Date and the regular quarterly Common Stock dividend with regard to the fourth quarter of such calendar year shall be included, even if not yet declared or paid. View More Arrow
Found in RECKSON ASSOCIATES REALTY CORP contract
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