Common use of Total Shareholder Return (TSR) Clause in Contracts

Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) below, TSR for a company, including the Company, will be:

Appears in 3 contracts

Samples: 2013 Performance Share Agreement (PDC Energy, Inc.), 2012 Performance Share Agreement (Petroleum Development Corp), Performance Share Agreement (Petroleum Development Corp)

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Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) belowthis Agreement, TSR for a company, including the CompanyPDC, will be:be a percentage equal to (x) the “Performance Period Value Change” (as defined below) divided by (y) the “Beginning Value” (as defined below).

Appears in 2 contracts

Samples: PDC Merger (PDC Energy, Inc.), PDC Merger Performance Share Agreement (SRC Energy Inc.)

Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections Section 2.8 and 2.9(a) below, TSR for a company, including the Company, will be:

Appears in 2 contracts

Samples: 2015 Performance Share Agreement (PDC Energy, Inc.), 2014 Performance Share Agreement (PDC Energy, Inc.)

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Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) belowthis Agreement, TSR for a company, including the Company, will be:be a percentage equal to (x) the “Performance Period Value Change” (as defined below) divided by (y) the “Beginning Value” (as defined below).

Appears in 1 contract

Samples: 2019 Performance Share Agreement (PDC Energy, Inc.)

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