Relative TSR Performance Sample Clauses

Relative TSR Performance. Relative Total Shareholder Return Performance (“Relative TSR Performance”) will determine fifty percent (50%) of the Target Amount (“TSR Percentage”). Relative TSR Performance is defined in Exhibit A. The percentage of the TSR Percentage that will be paid out, if any, is based on the following table: Relative TSR PerformancePercentile Ranking Percentage Payoutof TSR Percentage 85th or above 200% 50th 100% 25th 50% Below 25th 0% To the extent that the Company’s Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. Relative TSR Performance will be measured based on where the Company’s total shareholder return during the Performance Period ranks in relation to the total shareholder returns of the companies that are members of the Company’s compensation peer group as of the Date of Grant as set forth below (the “Comparison Companies”): Ameren Corporation Eversource Energy American Electric Power Company Exelon Corporation CenterPoint Energy FirstEnergy Corporation CMS Energy Corporation NextEra Energy Consolidated Edison Company Public Service Enterprise Group DTE Energy Southern Company Duke Energy Corporation WEC Energy Group Edison International Xcel Energy Entergy Corporation The Comparison Companies shall be adjusted during the Performance Period as follows:
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Relative TSR Performance. The number of Restricted Stock Units that will be considered earned based on the Relative TSR Performance of the Company will be determined using the following formula: (Target Number of Units) x (Relative TSR Percentage) For purposes of determining the Company’s Relative TSR Performance, the following terms shall have the meanings indicated:
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Relative TSR Performance. The Company's Relative TSR Performance (as defined below) will result in a multiplier to the Initial Eligible PRSUs (as defined below) to determine the total number of PRSUs that will vest on the Determination Date, with the total number of PRSUs that shall vest on the Determination Date being determined by multiplying (A) the Initial Eligible PRSUs by (B) the “TSR Multiplier” (determined as follows): ​​​ ​​ ​Relative TSR Performance​ ​TSR Multiplier Company TSR is 2500 basis points or more above the Xxxxxxx 2000 Index TSR 125% Company TSR is 1000 basis points above the Xxxxxxx 2000 Index TSR 110% Company TSR is equal to the Xxxxxxx 2000 Index TSR 100% Company TSR is 1000 basis points below the Xxxxxxx 2000 Index TSR 90% Company TSR is 2500 basis points or more below the Xxxxxxx 2000 Index TSR 75% ​ If the Company TSR relative to the Xxxxxxx 2000 Index TSR for the Performance Period is between two achievement levels, the TSR Multiplier shall be determined by linear interpolation between the applicable achievement levels. Notwithstanding the foregoing, if the Company TSR is negative for the Performance Period, the TSR Multiplier shall in no event exceed 100%. In addition, the total PRSUs vesting after applying the TSR multiplier shall in no event exceed 200% of target.
Sample 1
Relative TSR Performance. Relative Total Shareholder Return Performance (“Relative TSR Performance”) will determine fifty percent (50%) of the Target Amount (“TSR Percentage”). Relative TSR Performance is defined in Section 4(b) below. The percentage of the TSR Percentage that will be paid out, if any, is based on the following table: Relative TSR Performance Percentage Payout Percentile Ranking of TSR Percentage 85th or above 200% 50th 100% 25th 50% Below 25th 0% To the extent that the Company’s Relative TSR Performance ranks in a percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. In addition to the foregoing payments, and regardless of the Company’s Relative TSR Performance, the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company’s Price-Earnings Ratio (as defined in Section 4(c) below) is at or above the 50th percentile and below the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Section 4(b), or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company’s Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Section 4(b) (the “Performance Adder”). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. The overall percentage payment under the entire Award may not exceed 200% of the Target Amount.
Sample 1
Relative TSR Performance. Relative Total Shareholder Return Performance (“Relative TSR Performance”) will determine one hundred percent (100%) of the Target Amount (“TSR Percentage”). Relative TSR Performance is defined in Section 4(b) below. The percentage of the TSR Percentage that will be paid out, if any, is based on the following table: Relative TSR Performance Percentage Payout Percentile Ranking of TSR Percentage 75th or above 125% 65th 100% Below 25th 0% To the extent that the Company’s Relative TSR Performance ranks in a percentile between the 25th and 75th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage payout set forth above. The overall percentage payment under the entire Award may not exceed 125% of the Target Amount.
Sample 1
Relative TSR Performance. Top Quartile - 75 % to 100% 150% - 200% 2nd Quartile - 50% to 74.9% 100% - 149.9% 3rd Quartile - 25% to 49.9% 50% - 99.9% 4th Quartile - below 25% 0% To the extent that the Company’s TSR Performance ranks in a percentile within the Top, 2nd or 3rd Quartiles of Relative TSR Performance, then the TSR Percentage Payout shall be interpolated between the top and bottom of the Percentage Payout of TSR Percentage range for that Quartile. No payment will be made if the TSR Performance is in the 4th Quartile, except that a payment of 25% of the TSR Percentage shall be made if the Company’s TSR Performance was at least % on a compounded annual basis for the Performance Period.
Sample 1
Relative TSR Performance. If the company liquidates, it will remain a Comparison Company and its stock price will be reduced to zero for the remaining Performance Period. Total shareholder return consists of the difference between the value of a share of common stock at the beginning and end of the Performance Period, plus the value of gross dividends paid as if reinvested in stock and other appropriate adjustments for such events as stock splits. For purposes of TSR Performance, the total shareholder return of the Company and the Comparison Companies will be calculated using Bloomberg.1 As soon as practicable after the completion of the Performance Period, the total shareholder returns of the Comparison Companies will be calculated and ranked from highest to lowest by the Committee. The Company’s total shareholder return will then be ranked in terms of which percentile it would have placed in among the Comparison Companies. Absolute TSR Performance will be the Company’s total shareholder return on an average annual basis for the Performance Period. Price-Earnings Ratio Price-Earnings Ratio performance will be measured based on where the Company’s Price-Earnings Ratio ranks in relation to the Price-Earnings Ratios of the Comparison Companies. For purposes of Price-Earnings Ratio performance, the relative Price-Earnings Ratio performance of the Company and the Comparison Companies will be determined using such method as the Committee shall determine. As soon as practicable after the completion of the Performance Period, the Price-Earnings Ratios of the Comparison Companies will be determined and ranked from highest to lowest by the Committee, using three methods: • First, using closing stock prices on the final day of the Performance Period divided by the operating earnings per share (“Operating EPS”) for the Company and the Comparison Companies over the most recently completed four-quarter period. If required based on the availability of data, the four quarters ended September 302 of the final year of the Performance Period can be utilized for estimating relative Price-Earnings Ratio performance. • Second, using closing stock prices on the final day of the Performance Period divided by the estimated Operating EPS for the Company and the Comparison Companies for the final year of the Performance Period3. • Third, using closing stock prices on the final day of the Performance Period divided by the estimated Operating EPS for the Company and the Comparison Companies for the following ...
Sample 1
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Relative TSR Performance 
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Related to Relative TSR Performance

  • Performance Measure The specific representation of a process or outcome that is relevant to the assessment of performance; it is quantifiable and can be documented

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

  • Timely Performance (a) SELLER's timely performance is a critical element of this Contract.

  • KEY PERFORMANCE INDICATORS 10.1 The Supplier shall at all times during the Framework Period comply with the Key Performance Indicators and achieve the KPI Targets set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators).

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Excused The Affected Party, to the extent rendered unable to perform its obligations or part thereof under this Agreement as a consequence of the Force Majeure Event shall be excused from performance of the obligations. Provided that, the excuse from performance shall be of no greater scope and of no longer duration than is reasonably warranted by the Force Majeure Event. Provided further, nothing contained herein shall absolve the Affected Party from any payment obligations accrued prior to the occurrence of the underlying Force Majeure Event.

  • Non-Performance The obligation of ECOLOGY to the RECIPIENT is contingent upon satisfactory performance by the RECIPIENT of all of its obligations under this Agreement. In the event the RECIPIENT unjustifiably fails, in the opinion of ECOLOGY, to perform any obligation required of it by this Agreement, ECOLOGY may refuse to pay any further funds, terminate in whole or in part this Agreement, and exercise any other rights under this Agreement. Despite the above, the RECIPIENT shall not be relieved of any liability to ECOLOGY for damages sustained by ECOLOGY and the State of Washington because of any breach of this Agreement by the RECIPIENT. ECOLOGY may withhold payments for the purpose of setoff until such time as the exact amount of damages due ECOLOGY from the RECIPIENT is determined.

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

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