Calculation of Company TSR Percentile Ranking Sample Clauses
The 'Calculation of Company TSR Percentile Ranking' clause defines how a company's Total Shareholder Return (TSR) is measured and compared to that of a peer group over a specified period. Typically, this involves determining the company's TSR, ranking it among a set of comparable companies, and then assigning a percentile ranking based on its relative performance. For example, if the company outperforms 70% of its peers, it would be placed in the 70th percentile. This clause is essential for objectively assessing company performance, often in the context of performance-based compensation or incentive plans, ensuring that rewards are tied to measurable and comparative financial outcomes.
Calculation of Company TSR Percentile Ranking. The Company shall determine (i) the Company’s TSR for the Performance Period and (ii) the TSR for the Performance Period of each company that was included in the S&P MidCap 400 Index as of the last day of the Performance Period. The Company TSR Percentile Ranking shall mean the percentage of TSRs of the companies included the S&P MidCap 400 Index as of the last day of the Performance Period that are lower than the Company’s TSR for the Performance Period.
Calculation of Company TSR Percentile Ranking. The Company TSR Percentile Ranking is computed by (A) computing the Company’s TSR for the Performance Period and (b) computing the TSR for the Performance Period of each company that was in the S&P 500 Index as of the end of the Performance Period (the “S&P Group”), provided that if a company declares bankruptcy at any time during the Performance Period, the company will be removed from the S&P Group, and if a company does not have publicly reported stock prices for the whole Performance Period, the company will be removed from the S&P Group. The Company TSR Percentile Ranking is the percentage of TSRs of the S&P Group calculated that are lower than the Company’s TSR (e.g., if the Company’s TSR is greater than 75% of the TSRs of the members of the S&P Group, the Company TSR Percentile Ranking is the 75th percentile).
Calculation of Company TSR Percentile Ranking. The Company shall determine (A) the Company’s TSR for the Performance Period and (B) the TSR for the Performance Period of each company that was in the Restaurant Peer Group as set forth on Exhibit A (the “Peer Group”). If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to bankruptcy at any point during the Performance Period, then such company or companies shall have the lowest ranking in the Peer Group. If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to a going private transaction at any point during the Performance Period, then such company or companies shall be removed from the Peer Group. The Committee can make appropriate adjustments in the event that a company or companies in the Peer Group are acquired by another company. The Company TSR Percentile Ranking is the percentage of TSRs of the companies in the Peer Group (after reflecting adjustments as described in the preceding sentence) that are lower than the Company’s TSR.