Common use of Relative TSR Performance Clause in Contracts

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.

Appears in 1 contract

Samples: Performance Grant Agreement (Dominion Resources Inc /Va/)

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