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Common use of Peer Group Clause in Contracts

Peer Group. Each company in the Peer Group will then be ranked in descending order by the Total Return to Shareholders so calculated and the Corporation’s Total Return to Shareholders shall be ranked in relation thereto, using the method specified on Exhibit A. If a company within the Peer Group ceases to be publicly traded during the Performance Period, such company shall be excluded from the Peer Group for the entire Performance Period, except that if a company in the Peer Group is acquired by a company that is “diversified financials company”, as determined by reference to the GICS reporting code used for reporting to the Securities and Exchange Commission, then such company shall remain within the Peer Group.

Appears in 6 contracts

Samples: Performance Award Agreement (Bank of New York Mellon CORP), Performance Award Agreement (Bank of New York Mellon CORP), Performance Award Agreement (Bank of New York Mellon CORP)