This excerpt taken from the NRF 10-K filed Feb 29, 2008.
This excerpt taken from the NRF 10-Q filed Nov 9, 2006.
Item 5. Other Information
On November 6, 2006, the Compensation Committee of the Board of Directors of the Company allocated certain of our executive officers a portion of a performance pool under the Companys 2006 Outperformance Plan (the Outperformance Plan) if certain total shareholder benchmarks are achieved. No performance pool will be established and recipients will not receive distributions or be entitled to LTIP Units unless and until minimum total shareholder benchmarks are achieved. See Exhibit 10.33 to the Companys Annual Report on Form 10-K for the year ended December 31, 2005 for the Form of Award Agreement under the Outperformance Plan, which sets forth the material terms of the Outperformance Plan and which is incorporated herein by reference. The Compensation Committees allocations were as follows: David Hamamoto 30%, Andrew Richardson 15%, Daniel Gilbert 15%, and Richard McCready 10%.