Relative TSR Measurement Sample Clauses

The Relative TSR Measurement clause defines how a company's total shareholder return (TSR) is evaluated in comparison to a selected peer group over a specified period. Typically, this clause outlines the methodology for calculating TSR, identifies the peer companies or index used for benchmarking, and describes how performance rankings affect outcomes such as executive compensation or vesting of equity awards. Its core practical function is to ensure that performance-based rewards are aligned with the company's market performance relative to its peers, thereby promoting fairness and incentivizing competitive results.
Relative TSR Measurement. (paragraph 2(a))
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Relative TSR Measurement. The Participant’s interest in a number of Performance Units, not to exceed 140% of the Target Performance Units, shall become Vested based on Company TSR (as defined below) compared to the TSR (as defined below) of each member of the Peer Group (as defined below) as set forth in this paragraph 2(a). The number of Performance Units, if any, which shall become Vested under this paragraph 2(a) shall in no event exceed 140% of the Target Performance Units or be less than zero and shall be determined according to one of the three following scenarios, based on Percent Rank (as defined below), and in each case the result shall be calculated to, and rounded up to, the nearest whole number: i. if Percent Rank is less than 0.25, then no Performance Units shall become Vested under this paragraph 2(a). ii. if Percent Rank is greater than or equal to 0.25 and is also less than 0.55, then the number of Performance Units that shall become Vested under this paragraph 2(a) shall be equal to the result of the following formula: (Target Performance Units * 0.7) * ((5 * Percent Rank + 0.25) / 3). iii. if Percent Rank is greater than or equal to 0.55, then the number of Performance Units that shall become Vested under this paragraph 2(a) shall be equal to the result of the following formula, subject in all cases to a maximum of 140% of the Target Performance Units: ; provided, however, that if Company TSR is less than zero, then the maximum number of Performance Units that shall become Vested under this paragraph 2(a) shall be equal to Target Performance Units, even if the formula set forth immediately above results in an amount that is greater than Target Performance Units.
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Relative TSR Measurement. The Participant’s interest in a number of Performance Units, not to exceed 60% of the Target Performance Units, shall become Vested based on Company TSR relative to Peer Group TSR as set forth in this paragraph 2(a). The number of Performance Units, if any, which shall become Vested under this paragraph 2(a) shall in no event exceed 60% of the Target Performance Units or be less than zero and shall be calculated according to the following mathematical formula: (Target Performance Units) * (30% + [5.0 * {Company TSR - Peer Group TSR}]). For the avoidance of doubt, i. if Company TSR is less than Peer Group TSR by 600 or more basis points, then none of the Performance Units shall become Vested under this paragraph 2(a); and
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Relative TSR Measurement. The Participant’s interest in up to 30% of the Shares shall become Vested based on Company TSR relative to Peer Group TSR as set forth in this paragraph 2(a). The number of Shares, if any, which shall become Vested under this paragraph 2(a) shall in no event exceed 30% of the Shares or be less than zero and shall be calculated according to the following mathematical formula: For the avoidance of doubt, i. if Company TSR is less than Peer Group TSR by 600 or more basis points, then none of the Shares shall become Vested under this paragraph 2(a); and
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Relative TSR Measurement. For each Measurement Period, Participant’s interest in a number of Performance Units shall become Vested based on Company TSR compared to the TSR of each member of the Peer Group, subject to the applicable maximum percentage set forth above. The aggregate number of Performance Units which shall have become Vested following completion of all of the Measurement Periods shall in no event exceed 200% of the Aggregate Target Amount of Performance Units or be less than zero. The aggregate number of Performance Units, if any, which shall become Vested following completion of each Measurement Period shall be calculated according to one of the two following mathematical formulas depending on Percent Rank for such period, and in each case the results shall be calculated to, and rounded up to, the nearest thousandth: i. if Percent Rank is less than or equal to 50% (which is the target performance level), then the formula shall be: ii. if Percent Rank is greater than 50% (which is the target performance level), then the formula shall be: For the avoidance of doubt, for any given Measurement Period, a. if Company TSR is less than or equal to the lowest TSR of the members of the Peer Group, then none of the Performance Units shall become Vested; and b. if Company TSR is in the 100th percentile rank relative to the TSRs of the members of the Peer Group, then the applicable percentage of the Aggregate Target Amount of Performance Units shown in the table above under the column titled “For Maximum Performance” shall become Vested.
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Relative TSR Measurement. The Participant’s interest in a number of Performance Units, not to exceed 20% of the Target Performance Units in any Measurement Period, shall become Vested based on Company TSR relative to Peer Group TSR as set forth in this paragraph 2(a). The number of Performance Units, if any, which shall become Vested under this paragraph 2(a) shall in no event exceed 100% of the Target Performance Units for all Measurement Periods or be less than zero and shall for each Measurement Period be calculated according to the following mathematical formula: For the avoidance of doubt, in each Measurement Period: i. if Company TSR is less than Peer Group TSR by 600 or more basis points, then none of the Performance Units shall become Vested under this paragraph 2(a); and ii. if Company TSR exceeds Peer Group TSR by 600 basis points or more, then a number of Performance Units equal to 20% of the Target Performance Units shall become Vested under this paragraph 2(a).
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Relative TSR Measurement. The Participant’s interest in a number of Performance Units, not to exceed 162.5% of the Target Performance Units, shall become Vested based on Company TSR compared to the TSR of each member of the Peer Group as set forth in this paragraph 2(a). The number of Performance Units, if any, which shall become Vested under this paragraph 2(a) shall in no event exceed 162.5% of the Target Performance Units or be less than zero and shall be calculated according to one of the two following mathematical formulas depending on Percent Rank, and in each case the results shall be calculated to, and rounded up to, the nearest thousandth: i. if Percent Rank is less than or equal to 50%, then the formula shall be: ii. if Percent Rank is greater than 50%, then the formula shall be: For the avoidance of doubt, a. if Company TSR is less than or equal to the lowest TSR of the members of the Peer Group, then none of the Performance Units shall become Vested under this paragraph 2(a); and b. if Company TSR is in the 100th percentile rank relative to the TSRs of the members of the Peer Group, then a number of Performance Units equal to 162.5% of the Target Performance Units shall become Vested under this paragraph 2(a).
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