Relative TSR Measurement Sample Clauses

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:
Sample 1Sample 2
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Relative TSR Measurement. (paragraph 2(a)) Formula: Vested TPUs = TPUs x (30% + (5 x (Company TSR - Peer Group TSR)) subject to a maximum of 60% of the TPUs and a minimum of 0. Example A Peer Group TSR: 5% Company TSR: 7% = TPUs x (30% + (5.0 x (Company TSR - Peer Group TSR)) = 50 x (30% + (5.0 x (7% - 5%)) = 50 x (30% + 10%) = 50 x 40% = 20 Performance Units --> 20 Common Shares Example B Peer Group TSR: 5% Company TSR: 5% = TPUs x (30% + (5.0 x (Company TSR - Peer Group TSR)) = 50 x (30% + (5.0 x (5% - 5%)) = 50 x (30% + 0%) = 50 x 30% = 15 Performance Units --> 15 Common Shares Example C Peer Group TSR: -1% Company TSR: -3% = TPUs x (30% + (5.0 x (Company TSR - Peer Group TSR)) = 50 x (30% + (5.0 x (-3% - -1%)) = 50 x (30% - 10%) = 50 x 20% = 10 Performance Units --> 10 Common Shares Any fractional units shown would be paid in cash equal to that amount of Common Shares. Relative TSR (paragraph 2(a)) Company TSR -3.00% -1.00% 0.00% 3.00% 5.00% 7.00% 10.00% Peer TSR -3.00 % 15.00 20.00 22.50 30.00 30.00 30.00 30.00 -1.00 % 10.00 15.00 17.50 25.00 30.00 30.00 30.00 0.00 % 7.50 12.50 15.00 22.50 27.50 30.00 30.00 3.00 % — 5.00 7.50 15.00 20.00 25.00 30.00 5.00 % — — 2.50 10.00 15.00 20.00 27.50 7.00 % — — — 5.00 10.00 15.00 22.50 10.00 % — — — — 2.50 7.50 15.00
Sample 1Sample 2
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
Sample 1
Relative TSR Measurement. (paragraph 2(a)) Example A: In which Percent Rank = .85 (i.e., the percentile rank of Company TSR relative to the TSRs of the members of the Peer Group is 85%), and Company TSR ≥ 0%. = (TPUs x 0.7) x (5 x Percent Rank – 1.75) = 35 x (4.25 – 1.75 ) = 87.5 70 Performance Units (capped at 200% of 70% of TPUs) 70 Common Shares Example B: Same as Example A, except that Company TSR is < 0%.
Sample 1Sample 2
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:
Sample 1
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: (100% of the Shares) * (15% + [2.5 * {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 Shares shall become Vested under this paragraph 2(a); and
Sample 1

Related to Relative TSR Measurement

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Peer Group For purposes of this Agreement, the Company’s peer group (the “Peer Group”) shall be comprised of three components: (a) the industry peer group companies set forth in Exhibit A to this Agreement; (b) companies in the S&P 500 Index; and (c) companies in the Xxxxxx Xxxxxxx XXXX Index; provided, that each of the foregoing Peer Group components shall be subject to equitable adjustment by the Committee in its sole discretion to the extent that one or more companies in any component grouping shall cease to maintain separate legal existence by reason of merger or legal dissolution or otherwise, or shall no longer be part of the applicable index. For purposes of determining values earned for Value Management Award Units granted hereby, the components of the Peer Group will be given the following weightings: industry group 25%; S&P group 50%; and REIT Index group 25%.

  • Total Shareholder Return (i) Up to twenty-five percent (25%) of the RSUs granted to the Participant pursuant to this Agreement shall vest, if at all, based upon the Total Shareholder Return for the Company, as compared to the Comparison Companies, for the Performance Period in the manner set forth on Exhibit 1-A hereto.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Measurement All quantities of Products received or delivered by or into truck, rail, or marine vessel shall be measured and determined based upon the meter readings at each Terminal, as reflected by delivery tickets or bills of lading, or if such meters are unavailable, by applicable calibration tables. All quantities of Products received and delivered by pipeline shall be measured and determined based upon the meter readings of the pipeline operator, as reflected by delivery tickets, or if such meters are unavailable, by applicable calibration tables. Deliveries to a Terminal rack at Mandan, Salt Lake City or Wilmington from a Tesoro Refinery shall be deemed to be the same as the corresponding volumes delivered contemporaneously from the Terminal rack. Deliveries by book transfer shall be reflected by entries in the books of TLO. All quantities shall be adjusted to net gallons at 60° F in accordance with ASTM D-1250 Petroleum Measurement Tables, or latest revisions thereof. A barrel shall consist of 42 U.S. gallons and a gallon shall contain 231 cubic inches. Meters and temperature probes shall be calibrated according to applicable API standards. Tesoro shall have the right, at its sole expense, and in accordance with rack location procedure, to independently certify said calibration. Storage tank gauging shall be performed by TLO’s personnel. TLO’s gauging shall be deemed accurate unless challenged by an independent certified xxxxxx. Tesoro may perform joint gauging at its sole expense with TLO’s personnel at the time of delivery or receipt of Product, to verify the amount involved. If Tesoro should request an independent xxxxxx, such xxxxxx must be acceptable to TLO, and such gauging shall be at Tesoro’s sole expense.

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2006, and shall end on December 31, 2008.

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