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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 Peer Group shall be ranked from highest to 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 highest and the 4th Quartile being the lowest), 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 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:

Appears in 1 contract

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

Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Peer Target Group shall be ranked arranged by rank from highest best to lowest 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 highest best and the 4th Quartile being the lowestworst), 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 Peer 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.)

Performance Ranking. The TUR for the Year 1 TUR Period for the Partnership and each company in the Peer Target Group shall be ranked arranged by rank from highest best to lowest 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 highest best and the 4th Quartile being the lowestworst), 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 Peer 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:

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 Peer Target Group shall be ranked arranged by rank from highest best to lowest 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 highest best and the 4th Quartile being the lowestworst), 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 Peer 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:

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 Peer Target Group shall be ranked arranged by rank from highest best to lowest 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 highest best and the 4th Quartile being the lowestworst), 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 Peer 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:

Appears in 1 contract

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