MSCI US REIT Index definition

MSCI US REIT Index means the MSCI US REIT Index’s gross index (as it may be renamed from time to time) or, in the event such index shall cease to be published, such other index as the Committee shall determine to be comparable thereto.
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MSCI US REIT Index means the MSCI US REIT Index (RMS) as published from time to time (or a successor index including a comparable universe of publicly traded U.S. real estate investment trusts), provided that if (a) the MSCI US REIT Index ceases to exist or be published prior to the Valuation Date and the Committee determines that there is no successor to such index or (b) the Committee reasonably determines that the MSCI US REIT Index is no longer suitable for the purposes of this 2018 Outperformance Plan, then the Committee in its good faith reasonable discretion shall select for subsequent Performance Periods, or if the Committee in its reasonable good faith discretion so determines, for any portion of an outstanding Performance Period, a substitute comparable index for purposes of calculating the Relative Baseline.
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MSCI US REIT Index means the MSCI US REIT Index (RMS), or, in the event such index is discontinued or its methodology significantly changed, a comparable index selected by the Committee in good faith.
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Examples of MSCI US REIT Index in a sentence

  • The Company’s TSR will be ranked against the Index Company TSRs of the Index Companies within the MSCI US REIT Index to determine the Company’s Percentile Rank for purposes of Relative MSCI US REIT Index Performance Metric.

  • The “Comparison Group” used for purposes of this Exhibit A shall consist of the companies comprising the MSCI US REIT Index as of the date of this Agreement, which companies are listed on the attached Schedule A-1.

  • As set forth above, the earning of shares of Common Stock under this Performance Share Award depends upon two Performance Metrics: Relative SNL Lodging Index TSR and Relative MSCI US REIT Index TSR.

  • In addition, notwithstanding anything herein to the contrary, the Committee, in its sole discretion, may make appropriate adjustments to the MSCI US REIT Index (RMS), or the RMS Return, or the securities that comprise the Data Center Index, or the Data Center Index Return, to account for any changes to such index, including, without limitation, any of the changes described above in this section.

  • Relative TSR for each Performance Metric will be based on the Company’s TSR performance relative to the equally-weighted TSRs of each Index Company included in the SNL Lodging Index and MSCI US REIT Index (each, an “Index”) as applicable as of the Performance Date, excluding the Company if it is part of the Index.

  • Subject to the conditions and limitations set forth herein, the Company will determine and distribute shares of Common Stock to the extent earned as set forth below on a date (“Distribution Date”) in the first calendar quarter of 2015 (no later than March 15, 2015) in which the Committee determines and certifies the Relative SNL Lodging Index TSR Performance Percentage and the Relative MSCI US REIT Index TSR Performance Percentage achieved, each as described in Section 2 hereof.

  • The “Comparison Group” used for purposes of this Exhibit A shall consist of the 150 companies comprising the MSCI US REIT Index as of the date of this Agreement, which companies are listed on the attached Schedule A-1.

  • During the Transitional Period, the Excess Return shall be calculated by comparing the actual return of the Managed Assets against that of the FTSE EPRA/NAREIT Developed Index for each month in the rolling 12-month measurement period beginning on or after the Effective Date and against that of the MSCI US REIT Index for each month in the rolling 12-month measurement period prior to the Effective Date.

  • Vanguard The REIT Fund seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The REIT Fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index.

  • The “TSR Performance Multiplier” means, for the Performance Period, the performance multiplier determined pursuant to the chart below based on the Company’s Relative TSR Ranking relative to the Peer Companies in the MSCI US REIT Index for the Performance Period.


More Definitions of MSCI US REIT Index

MSCI US REIT Index means the MSCI US REIT Index, determined as follows: (i) the companies included in the MSCI US REIT Index shall be determined at the beginning of the Performance Period, 1 Note to Draft: To be included as applicable.
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MSCI US REIT Index means the MSCI US REIT Index, determined as follows: (i) the companies included in the MSCI US REIT Index shall be determined at the beginning of the Performance Period, excluding those entities that are bankrupt, listed on the pink sheets or not listed at all; (ii) any company emerging from bankruptcy shall not be tracked for purposes of the Performance Period; (iii) in the event that a company is acquired or taken private during the Performance Period, such company shall be excluded for the entire Performance Period; (iv) the beginning share price of any company that effectuates a stock split or recapitalization during the Performance Period shall be appropriately adjusted for the split or recapitalization; (v) in the event that two MSCI US REIT Index companies merge with each other, only the surviving entity shall be included; and (vi) in the event that a company merges with a company outside of the MSCI US REIT Index and does not remain in the MSCI US REIT Index following such merger, such company shall be excluded for the entire Performance Period.
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Related to MSCI US REIT Index

  • CMT Index Not applicable.

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by ▇▇▇▇▇▇ Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as ▇▇▇▇▇▇ RetirementReady® Funds and ▇▇▇▇▇▇ Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • SIFMA Municipal Swap Index means the Securities Industry and Financial Markets Association Municipal Swap Index, or such other weekly, high-grade index comprised of seven-day, tax-exempt variable rate demand notes produced by Municipal Market Data, Inc. or its successor, or as otherwise designated by the Securities Industry and Financial Markets Association; provided, however, that if such index is no longer produced by Municipal Market Data, Inc. or its successor, then SIFMA Municipal Swap Index shall mean (i) the S&P Municipal Bond 7 Day High Grade Rate Index produced by Standard & Poor’s Financial Services LLC or its successors or (ii) if the S&P Municipal Bond 7 Day High Grade Rate Index is no longer produced, such other reasonably comparable index selected in good faith by the Board of Trustees of the Fund and consented to in writing by Holders of greater than 50% of RVMTP Shares, which shall not be unreasonably withheld by such Holders.

  • Peer Companies means the following companies which remain publicly traded throughout the entire TSR Measurement Period: AbbVie GlaxoSmithKline Amgen Johnson & ▇▇▇▇▇▇▇ AstraZeneca Merck Biogen Novartis Celgene Pfizer ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Gilead Sciences Sanofi Companies that were publicly traded as of the Award Date but are no longer publicly traded as of the end of the TSR Measurement Period shall be excluded, except that companies that are no longer publicly traded as of the end of the TSR Measurement Period due to filing for bankruptcy prior to the end of the TSR Measurement Period shall be assigned a Total Shareholder Return of -100% for the TSR Measurement Period. In the case of a merger or acquisition involving two Peer Companies during the TSR Measurement Period, the acquiree or merged company, as the case may be, shall be removed from the list of Peer Companies, and the acquirer or successor company, as the case may be, shall remain on the list of Peer Companies. In the case of a spinoff involving a Peer Company during the TSR Measurement Period, such company shall remain on the list of Peer Companies, provided that it remains an appropriate peer. Any new company formed as a result of the spinoff shall not be added to the list of Peer Companies for the current TSR Measurement Period (however, such company may be added to the list of Peer Companies for subsequent awards, if the Committee deems such inclusion appropriate). For the avoidance of doubt, following the closing of the Company’s acquisition of Celgene Corporation (“Celgene”), Celgene shall be has been removed from the list of Peer Companies.