Incentive Stock Option means any Stock Option designated and qualified as an
incentive stock option as defined in Section 422 of the Code.
LTIP Unit means an LTIP Unit in the
Operating Partnership.
Minimum Vesting Period means the one-year period following
the date of grant of an Award.
Non-Employee Director means a member of the Board
who is not also an employee of the Company, the Operating Partnership, or any Subsidiary.
Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock
Option.
Option or Stock Option means any option to purchase shares of Stock granted pursuant to
Section 5.
Performance Criteria means the criteria that the Administrator selects for purposes of establishing the
Performance Goal or Performance Goals for an individual for a Performance Cycle. The Performance Criteria (which may be applicable to the organizational level specified by the Administrator, including, but not limited to, the Company or a unit,
division, group, or Subsidiary of the Company) that may be used to establish Performance Goals, individually or in combination, are the following: total shareholder return, same store net operating income, net income (loss) (either before or after
interest, taxes, depreciation and/or amortization), changes in the market price of the Stock, funds from operations or similar measure, sales or revenue, acquisitions or strategic transactions, operating income, return on capital, assets, equity, or
investment, gross or net profit levels, occupancy rates, expense, margins, operating efficiency, client satisfaction, earnings (loss) per share of Stock, market share, and any other goal or metric as may be selected by the Administrator, any of
which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group. The Administrator may appropriately adjust any evaluation performance under a Performance Criterion to exclude the
impact of an event or occurrence which the Administrator determines should appropriately be excluded, including: (i) asset write-downs or impairments, (ii) litigation or claim judgments or settlements, (iii) the effect of changes in
tax law, accounting principles or other such laws or provisions affecting reporting results, (iv) accruals for reorganizations and restructuring programs, (v) any extraordinary, infrequently occurring or
non-recurring items, including those described in the Financial Accounting Standards Boards authoritative guidance and/or in managements discussion and analysis of financial condition of operations
appearing the Companys annual report to stockholders for the applicable year, and (vi) any other extraordinary items adjusted from the Company U.S. GAAP results.
Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator
may select, over which the attainment of one or more Performance Criteria may be measured for the purpose of determining a grantees right to and the payment of an Award, the vesting and/or payment of which is subject to the attainment of one
or more Performance Goals.
Performance Goals means, for a Performance Cycle, the specific goals established in writing by
the Administrator for a Performance Cycle based upon the Performance Criteria.
Performance Share Award means an Award
entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.
Restricted
Shares means the shares of Stock underlying a Restricted Stock Award that remain subject to a risk of forfeiture or the Companys right of repurchase.
Restricted Stock Award means an Award of shares of Stock subject to such restrictions and conditions as the
Administrator may determine at the time of grant.