Relative TSR. Relative TSR means the percentile placement of H&R Block’s Total Shareholder Return relative to the Total Shareholder Returns of the Peer Companies. Relative TSR will be determined by ranking H&R Block and the Peer Companies from highest to lowest according to their respective Total Shareholder Returns. Based on this ranking, the percentile performance of H&R Block relative to the Peer Companies will be determined as follows: P = 1 - R - 1
Relative TSR. The Company’s Total Shareholder Return (“TSR”) during the Performance Period will be compared to the TSR of all the companies in the Industrial, Consumer Discretionary and Materials sectors of the S&P 500 and the S&P 400 (the “Peer Group”). TSR is calculated as follows and assumes dividends are reinvested on the ex-dividend date:
Relative TSR. Except as provided under “Change in Control” below, the number of RSUs (if any) that will be eligible to vest will be determined based on the TSR of the Company (the “Company TSR”) during each Performance Period relative to the TSRs of the Indexed Companies (each, an “Indexed Company TSR”) during the applicable Performance Period, determined as follows:
Relative TSR. The TSR PSUs may vest as of the last day of the PSU Performance Period based on the Company TSR compared to that of the Peer Group (measured as a percentile) for the LTI Measurement Period, subject to adjustment based on Company TSR as described below: 50th Percentile 100% 75th Percentile 150% 100th Percentile 200%
Relative TSR. The Relative TSR Percentage will be determined based on the INVH TSR for the Performance Period as compared to the Index Return for the Performance Period as follows:
(i) If the INVH TSR for the Performance Period is a positive percentage and the Index Return is a positive percentage, then:
(A) If the INVH TSR for the Performance Period is 100% or less of the Index Return for the Performance Period, then the Relative TSR Percentage shall be 0%.
(B) If the INVH TSR for the Performance Period is 125% or more of the Index Return for the Performance Period, then the Relative TSR Percentage shall be 100%. For example, if the Index Return for the Performance Period is eight percent (8.0%) and the INVH TSR is ten percent (10.0%), then the Relative TSR Percentage shall be 100%. If the INVH TSR for the Performance Period relative to the Index Return falls between the two examples set forth above, then the Relative TSR Percentage shall be determined using linear interpolation (and rounded to the nearest whole percentage point). For example, if the Index Return for the Performance Period is eight percent (8.0%) and the INVH TSR is nine percent (9.0%), then the Relative TSR Percentage shall be 50%.
(ii) If the INVH TSR for the Performance Period is a negative percentage and the Index Return is a negative percentage, then:
(A) If the INVH TSR for the Performance Period is less than or equal to the Index Return for the Performance Period, then the Relative TSR Percentage shall be 0%.
(B) If the INVH TSR for the Performance Period is 25% or more than the Index Return (i.e., less negative) for the Performance Period, then the Relative TSR Percentage shall be 100%. For example, if the Index Return for the Performance Period is negative eight percent (-8.0%) and the INVH TSR is negative six percent (-6.0%), then the Relative TSR Percentage shall be 100%. For the avoidance of doubt, the INVH TSR is greater than the Index Return if, for example, the INVH TSR is -8.0% and the Index Return is -10.0%. If the INVH TSR for the Performance Period relative to the Index Return falls between the two examples set forth above, then the Relative TSR Percentage shall be determined using linear interpolation (and rounded to the nearest whole percentage point). For example, if the Index Return for the Performance Period is negative eight percent (-8.0%) and the INVH TSR is negative seven percent (-7.0%), then the Relative TSR Percentage shall be 50%.
(iii) Unless otherwise determined by the...
Relative TSR. The percentile rank of the Company’s TSR as compared to the TSR of each member of the Peer Index, determined by dividing the number of members of the Peer Index with TSR equal to or lower than the Company’s TSR for the Performance Period by the total number of members of the Peer Index minus 1.
Relative TSR. Relative TSR percentile ranking Below 25th percentile 25th percentile Median 75th percentile or above
Relative TSR. The payout for one-half of your PSUs will be determined based on the Company’s total shareholder return (“TSR”) during the three year Performance Period relative to the TSR for the Comparator Group. TSR for a company will be calculated by dividing (i) the sum of (A) the cumulative amount of the company’s dividends for the Performance Period assuming same day reinvestment into the common stock of the company on the ex-dividend date, and (B) the closing share price of the company’s common stock for the last trading day of the Performance Period, by (ii) the closing share price of the company’s common stock for the last trading day prior to the start of the Performance Period.
Relative TSR. If Genzyme’s Relative TSR is between the 40th and 65th percentile rank, the potential payout range is between 35% and 100% of the number of Performance RSUs associated with this Performance Measure.
Relative TSR. At the end of the Performance Period, the TSR for the Company, and for each company in the Peer Group, shall be calculated by dividing (i) the Closing Average Share Value (as defined below) by (ii) the Opening Average Share Value (as defined below).
(i) The term “Closing Average Share Value” means the average value of the common stock, based on Accumulated Shares (as defined below), for the 20 trading days ending on the last trading day of the Performance Period (i.e., the 20 trading days ending on and including the last day of the Performance Period), which shall be calculated as follows: (i) determine the closing price of the common stock on each trading date during the 20-day period, (ii) multiply each closing price by the Accumulated Shares as of that trading date, and (iii) average the amounts so determined for the 20-day period.
