Total Return to Shareholders Clause Samples
Total Return to Shareholders. For purposes of this Agreement, Total Return to Shareholders for the Performance Period for the Corporation and for each company in the Peer Group and for each company in the Index will be the Total Return to Shareholders for those companies, as such amounts are calculated and reported as provided on Exhibit A. For purposes of measuring the Total Return to Shareholders in relation to the Peer Group and the Index, the following shall apply:
Total Return to Shareholders. Total Return to Shareholders" shall mean the percentage by which the trading price of a company's common stock, plus any common stock dividends paid during the Performance Period, increases during the Performance Period. This change in trading price shall be measured by using the average of the closing price of the common stock for the 200 trading days prior to the beginning of the Performance Period as the beginning trading price, and the average of the closing price of the common stock for the 200 trading days prior to the end of the Performance Period as the ending trading price.
Total Return to Shareholders. For purposes of this Exhibit A, the term "Total Return to Shareholders" for a Measurement Period means the sum of (i) the total return on a share of the Company's Common Stock for the period commencing on the first day of the Measurement Period and ending on the last day of the Measurement Period, calculated as the quotient obtained by dividing (A) the sum of (1) dividends per share plus (2) the difference between the Fair Market Value of such share on the last day of the Measurement Period less the Fair Market Value of such share on the first day of the Measurement Period, divided by (B) the Fair Market Value of such share on the first day of the Measurement Period, plus (ii) all available Carryover Credits; provided, however, that a Carryover Credit may only be applied once in the calculation of Total Return to Shareholders for all Measurement Periods.
Total Return to Shareholders. “TRS”). The payment of a Performance Unit will be determined based on the comparison of the TRS (as defined below) of the Company’s common stock for the Performance Period relative to the TRS of each of the common stocks of the Peer Group for the Performance Period. TRS shall be determined by calculating the value of $100 invested in Company common stock on the first day of the Performance Period, with dividends reinvested, compared to $100 invested in each of the Peer Group companies, with dividend reinvestment, during the same period. The TRS will be measured for the Company and the peer group companies from the first to the last trading day of the Performance Period. Notwithstanding the foregoing, no payment shall be made unless the Company has a TSR of at least 5.21 % (the 3-year U.S. Treasury bill rate as of June 30, 2006) for the Performance Period.
Total Return to Shareholders. For purposes of this Agreement, Total Return to Shareholders for the Performance Period for the Corporation and for each company in the Peer Group will be the Total Return to Shareholders for those companies, as such amounts are calculated and reported by Bloomberg, Comparative Total Shareholder Return, on the daily convention basis.
(i) Each company in the Peer Group will then be ranked in descending order by the Total Return to Shareholders so calculated and the Corporation’s Total Return to Shareholders shall be ranked in relation thereto, using the whole company ranking method.
(ii) If a company within the Peer Group ceases to be publicly traded during the Performance Period, such company shall be excluded from the Peer Group for the entire Performance Period.
Total Return to Shareholders. The Grantee acknowledges that the Performance LTIP Units and this Agreement are subject to amendment, modification and termination in certain events as provided in this Section 8 and the Plan.