Average TSR Sample Clauses

Average TSR. The average TSR for a company for the Performance Period shall be the sum of the TSRs of the company measured at the end of each calendar quarter during the Performance Period, divided by 12. The average TSR for a company during the Performance Period shall be calculated based on the following formula: Average indexed performance = Σ (xq / x) where: x = share price at beginning of calendar year in which the applicable calendar quarter occurs (measured by closing price on the last trading day preceding the beginning of such calendar year) xq = closing share price at the end of each quarter (adjusted for dividends paid, where the dividend payment date is the ex-dividend date) q = quarter number (1 through 12) (x) (xq / x) 1/1/2015 $20.00 3/31/2015 $22.00 110.0 6/30/2015 $24.00 120.0 9/30/2015 $21.00 105.0 12/31/2015 $20.00 100.0 3/31/2016 $18.00 90.0 6/30/2016 $22.00 110.0 9/30/2016 $25.00 125.0 12/31/2016 $28.00 140.0 3/31/2017 $31.00 110.7 6/30/2017 $33.00 117.9 9/30/2017 $30.00 107.1 12/31/2017 $28.00 100.0 Σ (xq / x) = 1,335.7 Σ (xq / x) = 111.3 * Share price adjusted for dividends paid in the period, where the dividend payment date is the ex-dividend date. Once the average TSR for the Company during the Performance Period is calculated, the average TSR for each company in the Peer Group shall be calculated. The Peer Group shall consist of the following companies (including KBR, Inc.): AECOM Technology Corporation Xxxxxx Engineering Group Inc. Chicago Bridge & Iron Company N.V. XxXxxxxxx International, Inc. Chiyoda Corporation Quanta Services, Inc. EMCOR Group, Inc. Technip Fluor Corporation No company shall be added to, or removed from, the Peer Group during the Performance Period, except that a company shall be removed from the Peer Group if during such period (i) such company ceases to maintain publicly available statements of operations prepared in accordance with GAAP, (ii) such company is not the surviving entity in any merger, consolidation, or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly owned entity of such company), or (iii) such company sells, leases, or exchanges all or substantially all of its assets to any other person or entity (other than a previously wholly owned entity of such company). If one or more Peer Group companies are removed from the Peer Group, then the percentiles and TSR payouts will adjust for the change in “n” of the formula provided below; provided, however, that the a...
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Average TSR. The average TSR for a company for the Performance Period shall be the sum of the TSRs of the company measured at the end of each calendar quarter during the Performance Period, divided by 12. The average TSR for a company during the Performance Period shall be calculated based on the following formula: Average indexed performance = Σ (xq / x) where: x = share price at beginning of performance period (measured by closing price on the last trading day preceding the beginning of the performance period) xq = closing share price at the end of each quarter (adjusted for dividends paid, where the dividend payment date is the ex-dividend date) q = quarter number (1 through 12) (x) (xq / x) 1/1/2012 $20.00 3/31/2012 $22.00 110.0 6/30/2012 $24.00 120.0 9/30/2012 $21.00 105.0 12/31/2012 $20.00 100.0 3/31/2013 $18.00 90.0 6/30/2013 $22.00 110.0 9/30/2013 $25.00 125.0 12/31/2013 $28.00 140.0 3/31/2014 $31.00 155.0 6/30/2014 $33.00 165.0 9/30/2014 $30.00 150.0 12/31/2014 $28.00 140.0 Σ (xq / x) = 1,510.0 Σ (xq / x) = 125.8 * Share price adjusted for dividends paid in the period, where the dividend payment date is the ex-dividend date.
Average TSR. The average TSR for a company for the Performance Period shall be the sum of the TSRs of the company measured at the end of each calendar quarter during the Performance Period, divided by 12. The average TSR for a company during the Performance Period shall be calculated based on the following formula: Average indexed performance = Σ (xq / x) where: x = share price at beginning of calendar year in which the applicable calendar quarter occurs (measured by simple average of the closing prices of a share trading during regular trading hours for the last twenty trading days preceding the beginning of such calendar year) xq = closing share price at the end of each quarter (measured by simple average of the closing prices of a share trading during regular trading hours for the last twenty trading days of such calendar quarter, and adjusted for dividends paid (where the dividend payment date is the ex-dividend date)) q = quarter number (1 through 12) (x) (xq / x) 1/1/2018 $20.00 3/31/2018 $22.00 110.0 6/30/2018 $24.00 120.0 9/30/2018 $21.00 105.0 12/31/2018 $20.00 100.0 3/31/2019 $18.00 90.0 6/30/2019 $22.00 110.0 9/30/2019 $25.00 125.0 12/31/2019 $28.00 140.0 3/31/2020 $31.00 110.7 6/30/2020 $33.00 117.9 9/30/2020 $30.00 107.1 12/31/2020 $28.00 100.0 Σ (xq / x) = 1,335.7 Σ (xq / x) = 111.3 * Average price adjusted for dividends paid in the period, where the dividend payment date is the ex-dividend date.
Average TSR. The average TSR for a company for the Performance Period shall be the sum of the TSRs of the company measured at the end of each calendar quarter during the Performance Period, divided by 12. The average TSR for a company during the Performance Period shall be calculated based on the following formula: Average indexed performance = S (xq /x) where: x = share price at beginning of performance period (measured by closing price on the last trading day preceding the beginning of the performance period) xq = closing share price at the end of each quarter (adjusted for dividends paid) q = quarter number (1 through 12) Date Share price * (x) Index (xq / x) 1/1/2010 $ 20.00 3/31/2010 $ 22.00 110.0 6/30/2010 $ 24.00 120.0 9/30/2010 $ 21.00 105.0 12/31/2010 $ 20.00 100.0 3/31/2011 $ 18.00 90.0 6/30/2011 $ 22.00 110.0 9/30/2011 $ 25.00 125.0 12/31/2011 $ 28.00 140.0 3/31/2012 $ 31.00 155.0 6/30/2012 $ 33.00 165.0 9/30/2012 $ 30.00 150.0 12/31/2012 $ 28.00 140.0 q=12 S (xq / x) = 1,510.0 q=1 q=12 S (xq / x) = 125.8 q=1 12 * Share price adjusted for dividends paid in the period

Related to Average TSR

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