TSR Ranking Sample Clauses
The TSR Ranking clause defines how a party’s performance is measured relative to a group of peers based on Total Shareholder Return (TSR) over a specified period. Typically, this involves comparing the TSR of the company to that of a predetermined peer group, with rankings often determining the payout or vesting of performance-based awards. By establishing a clear and objective method for evaluating relative performance, this clause ensures fairness and transparency in incentive compensation, aligning executive rewards with shareholder value creation.
TSR Ranking. The TSR Ranking of the Company is calculated by comparing the aggregate TSR for the Company with the aggregate TSR for each company in the Benchmark Group over the entire Performance Period, and then ranking the Company and each company in the Benchmark group in order based on their aggregate TSR. Such determination shall be made after making the following adjustments to the Benchmark Group:
(i) If a member of the Benchmark Group becomes insolvent during the Performance Period (or its stock ceases to trade for more than twenty (20) consecutive days due to bankruptcy or other similar insolvency law or process), it shall remain in the Benchmark Group, but be placed at the bottom for purposes of determining the Company’s TSR Ranking.
(ii) If a member of the Benchmark Group is acquired, it will be removed from the Benchmark Group.
(iii) If a member of the Benchmark Group consolidates with (or becomes part of) another member of the Benchmark Group, the performance of the surviving entity will be used to determine TSR and the member or members that consolidate or become a part of another shall be removed from the Benchmark Group.
(iv) If a member of the Benchmark Group consolidates (or becomes part of) an entity outside of the Benchmark Group, it will be removed from the Benchmark Group.
(v) If the stock of a member of the Benchmark Group ceases to trade for more than twenty (20) consecutive days due to a going private transaction, it will be removed from the Benchmark Group.
TSR Ranking. The percentage of companies in the Peer Group that have a lower TSR for the Performance Period than Dover.
TSR Ranking. Arraying the TSR Value of each TSR Peer Company, from highest TSR Value, which is given a ranking of 1, to lowest TSR Value (the “TSR Ranking”). The Company's TSR Ranking will determine the percentage of the Target Award Opportunity earned as follows: Company's TSR Ranking Percentage of Target AwardOpportunity Earned (1)
(1) Represents one-half of the Target Award Opportunity.
TSR Ranking. The percentile ranking of Dover’s TSR as compared to the TSR of each company in the Peer Group for the Performance Period.
TSR Ranking. The number of Restricted Stock Units which are considered vested as a percentage of the TSR Target Award shall be based on the TSR Ranking for the Performance Period as follows: