Common use of Performance Ranking Clause in Contracts

Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Target Group shall be arranged by rank from best to worst according to the TUR achieved by each company. The total number of companies so ranked shall then be divided into four groups (“Quartiles” and each a “Quartile”). For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including the Partnership) shall be divided into four groups as nearly equal in number as possible. The number of companies in each group shall be the total number contained in the Target Group divided by four. If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows: ½ 1st Quartile2nd Quartile ¾ 0xx Xxxxxxxx0xx Xxxxxxxx0xx Quartile

Appears in 1 contract

Samples: Performance Unit Award Agreement (NuStar Energy L.P.)

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Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Target Group shall be arranged by rank from best to worst according to the TUR achieved by each company. The total number of companies so ranked shall then be divided into four groups (“Quartiles” and each a “Quartile”). For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including the Partnership) shall be divided into four groups as nearly equal in number as possible. The ACTIVE 259034022 number of companies in each group shall be the total number contained in the Target Group divided by four. If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows: ½ 1st Quartile2nd Quartile ¾ 0xx Xxxxxxxx0xx Xxxxxxxx0xx Quartile:

Appears in 1 contract

Samples: Performance Cash Award Agreement (NuStar Energy L.P.)

Performance Ranking. The TUR for the Year 1 TUR Performance Period for the Partnership Valero and each company in the Target Group shall be arranged by rank from best to worst according to the TUR achieved by each company. The total number of companies so ranked shall then be divided into four groups (“Quartiles” and each a “Quartile”). For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including the PartnershipValero) shall be divided into four groups as nearly equal in number as possible. The number of companies in each group shall be the total number contained in the Target Group divided by four. If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows: ½ 1st Quartile2nd Quartile ¾ 0xx Xxxxxxxx0xx Xxxxxxxx0xx Quartile:

Appears in 1 contract

Samples: Performance Unit Agreement (Valero L P)

Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Target Group shall be arranged by rank from best to worst according to the TUR achieved by each company. The total number of companies so ranked shall then be divided into four groups (“Quartiles” and each a “Quartile”). For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including the Partnership) shall be divided into four groups as nearly equal in number as possible. The number of companies in each group shall be the total number contained in the Target Group divided by four. If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows: ½ 1st Quartile2nd Quartile ¾ 0xx Xxxxxxxx0xx Xxxxxxxx0xx Quartile:

Appears in 1 contract

Samples: Performance Cash Award Agreement (NuStar Energy L.P.)

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Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Target Peer Group shall be arranged by rank ranked from best highest to worst lowest according to the TUR achieved by each company. The total number of companies so ranked shall then be divided into four groups (“Quartiles” and each a “Quartile”). For purposes of assigning companies to Quartiles (with the 1st Quartile being the best highest and the 4th Quartile being the worstlowest), the total number of companies ranked (including the Partnership) shall be divided into four groups as nearly equal in number as possible. The number of companies in each group shall be the total number contained in the Target Peer Group divided by four. If the total number of companies is not evenly divisible by four, so that there is a fraction contained in such quotient, the extra company(ies) represented by such fraction will be included in one or more Quartiles as follows: ½ 1st Quartile2nd Quartile ¾ 0xx Xxxxxxxx0xx Xxxxxxxx0xx Quartile:

Appears in 1 contract

Samples: Performance Cash Award Agreement (NuStar Energy L.P.)

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