Common use of Presumptive Award Clause in Contracts

Presumptive Award. As soon as practicable following the completion of the Performance Period, the Committee will determine the TSR of the Company and of each company in the Comparison Group. The Committee’s determination will be final and binding on all persons. The Participant’s presumptive award shall be determined in accordance with the following table; provided that any fractional share of Stock that would otherwise result from the foregoing calculation shall be disregarded. 90thPercentile or Greater 75thPercentile 50thPercentile 25thPercentile Below the 25thPercentile 200% 150% 100% 50% 0% * The Presumptive Award for performance between points on the payout schedule would be interpolated. If the formula produces an award of a fractional share, the Presumptive Award will be rounded to the next higher whole number of shares.

Appears in 1 contract

Samples: Performance Stock Right Agreement (Integrys Energy Group, Inc.)

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Presumptive Award. As soon as practicable following the completion of the Performance Period, the Committee will determine the TSR of the Company and of each company in the Comparison Group. The Committee’s determination will be final and binding on all persons. The Participant’s presumptive award Your Presumptive Award shall be determined in accordance with the following table; provided that any fractional share of Common Stock that would otherwise result from the foregoing calculation shall be disregarded. 90thPercentile Company TSR In Relation to TSR of All Comparison Group Companies Presumptive Award Equal to the Following Percentage of the Target Award* 90th Percentile or Greater 75thPercentile 50thPercentile 25thPercentile 200% 75th Percentile 150% 50th Percentile 100% 25th Percentile 50% Below the 25thPercentile 200% 150% 100% 50% 25th Percentile 0% * *The Presumptive Award for TSR performance between points on the payout schedule would will be interpolated. If the formula produces an award of a fractional share, the Presumptive Award will be rounded to the next higher whole number of shares.

Appears in 1 contract

Samples: Performance Stock Right Agreement (Integrys Energy Group, Inc.)

Presumptive Award. As soon as practicable following the completion of the Performance Period, the Committee will determine the TSR of the Company and of each company in the Comparison Group. The Committee’s determination will be final and binding on all persons. The Participant’s presumptive award Your Presumptive Award shall be determined in accordance with the following table; provided that any fractional share of Common Stock that would otherwise result from the foregoing calculation shall be disregarded. 90thPercentile Company TSR In Relation toTSR of All Comparison GroupCompanies Presumptive Award Equal tothe Following Percentage ofthe Target Award* 90th Percentile or Greater 75thPercentile 50thPercentile 25thPercentile 75th Percentile 50th Percentile 25th Percentile Below the 25thPercentile 25th Percentile 200% 150% 100% 50% 0% * *The Presumptive Award for TSR performance between points on the payout schedule would will be interpolated. If the formula produces an award of a fractional share, the Presumptive Award will be rounded to the next higher whole number of shares.

Appears in 1 contract

Samples: Performance Stock Right Agreement (Integrys Energy Group, Inc.)

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Presumptive Award. As soon as practicable following the completion of the Performance Period, the Committee will determine the TSR of the Company and of each company in the Comparison Group. The Committee’s determination will be final and binding on all persons. The Participant’s presumptive award Your Presumptive Award shall be determined in accordance with the following table; provided that any fractional share of Common Stock that would otherwise result from the foregoing calculation shall be disregarded. 90thPercentile 90th Percentile or Greater 75thPercentile 50thPercentile 25thPercentile 75th Percentile 50th Percentile 25th Percentile Below the 25thPercentile 25th Percentile 200% 150% 100% 50% 0% * *The Presumptive Award for TSR performance between points on the payout schedule would will be interpolated. If the formula produces an award of a fractional share, the Presumptive Award will be rounded to the next higher whole number of shares.

Appears in 1 contract

Samples: Performance Stock Right Agreement (Integrys Energy Group, Inc.)

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