Absolute Total Shareholder Return Clause Samples
The Absolute Total Shareholder Return clause defines how a company's total shareholder return (TSR) is measured and used, typically as a performance metric in executive compensation plans. It calculates the total return to shareholders, including share price appreciation and dividends, over a specified period, without comparing it to other companies or indices. This clause ensures that rewards or incentives are directly tied to the actual value delivered to shareholders, promoting alignment between management interests and shareholder outcomes.
Absolute Total Shareholder Return. The percentage attributable to the achievement of Absolute Total Shareholder Return shall be determined in accordance with the following table based on the Company’s annualized Total Shareholder Return for the Performance Period:
Absolute Total Shareholder Return. The percentage attributable to the achievement of Absolute Total Shareholder Return shall be determined in accordance with the following table based on the Company’s annualized Total Shareholder Return for the Performance Period: [Appendix B In consideration of the Performance Units granted hereunder, the Restricted Shares granted to Employee on January 4, 2021, the retention awards relating to the transactions contemplated by the Conoco Merger Agreement granted to Employee and other severance to which Employee may become entitled, in the event the Closing Date occurs, Employee agrees that if Employee is terminated without ▇▇▇▇▇ or resigns with Good Reason, in each case, before the second anniversary of the Closing Date (a “Triggering Event”), then during the Restricted Period, Employee shall not, directly or indirectly participate in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, contractor or otherwise with, any Competitor; provided, however, that this provision shall not preclude Employee from owning less than 2% of the equity securities of any publicly held Competitor so long as Employee does not serve as an employee, officer, director or consultant to such business. Notwithstanding the foregoing, if the Conoco Merger Agreement terminates before the Closing Date occurs, this Appendix B and the covenants set forth here in shall be null and void ab initio and of no further force and effect. In addition, in the event the Closing Date occurs, Good Reason (for purposes of determining if a Qualifying Termination has occurred under the Performance Units granted hereunder and the Restricted Shares granted to Employee on January 4, 2021) shall be based on the definition in this Appendix B. Capitalized terms used in this Appendix B that are not defined below or in the body of this Appendix B shall have the meanings given to them in the Agreement. In addition to the terms defined in the body of this Appendix B, the following capitalized words and terms shall have the meanings indicated below: