Common use of TSR Unit Payout Clause in Contracts

TSR Unit Payout. 50% of the Target Units shall be “TSR Target Units.” The performance units calculated with respect to the TSR Target Units shall be determined in accordance with the following formula: TSR Unit Payout = TSR Payout Factor x TSR Target Units The “TSR Payout Factor” is based on the Company’s Total Shareholder Return (defined and measured as described below, the “TSR”) for the Performance Period relative to the TSR for each company (x) in the S&P 400 Capital Goods Index and (y) listed on Appendix A ((x) and (y) collectively, the “Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the Peer Group is TSR Payout Factor (% of TSR Target Units) less than the 35th percentile 0% at the 35th percentile 50% at the 50th percentile 100% at the 80th percentile or more 200% The TSR Payout Factor is interpolated for actual results between the 35th percentile and the 80th percentile shown above.

Appears in 3 contracts

Samples: Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.)

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TSR Unit Payout. 50% of the Target Units shall be “TSR Target Units.” The performance units calculated with respect to the TSR Target Units shall be determined in accordance with the following formula: TSR Unit Payout = TSR Payout Factor x TSR Target Units The “TSR Payout Factor” is based on the Company’s Total Shareholder Return (defined and measured as described below, the “TSR”) for the Performance Period relative to the TSR for each company (x) in the S&P 400 Capital Goods Index and (y) listed on Appendix A ((x) and (y) collectively, the “Peer Group”), determined in accordance with the following table: EXHIBIT 10.1 If Company’s TSR rank against the Peer Group is TSR Payout Factor (% of TSR Target Units) less than the 35th percentile 0% at the 35th percentile 50% at the 50th percentile 100% at the 80th percentile or more 200% The TSR Payout Factor is interpolated for actual results between the 35th percentile and the 80th percentile shown above.

Appears in 2 contracts

Samples: Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.)

TSR Unit Payout. 50% of the Target Units shall be “TSR Target Units.” The performance units calculated with respect to the TSR Target Units shall be determined in accordance with the following formula: TSR Unit Payout = TSR Payout Factor x TSR Target Units The “TSR Payout Factor” is based on the Company’s Total Shareholder Return (defined and measured as described below, the “TSR”) for the Performance Period relative to the TSR for each company (x) in the S&P 400 Capital Goods Index and (y) listed on Appendix A ((x) and (y) Form 2- PSU M6 & M5 & Below (Non-CA) collectively, the “Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the Peer Group is TSR Payout Factor (% of TSR Target Units) less than the 35th percentile 0% at the 35th 80th percentile 50or more 200% at the 50th percentile 100% at the 80th 35th percentile or more 20050% less than the 35th percentile 0% The TSR Payout Factor is interpolated for actual results between the 35th percentile and the 80th percentile shown above.

Appears in 1 contract

Samples: 2011 Omnibus Incentive Plan (Itt Inc.)

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TSR Unit Payout. 50% of the Target Units shall be “TSR Target Units.” The performance units calculated with respect to the TSR Target Units shall be determined in accordance with the following formula: TSR Unit Payout = TSR Payout Factor x TSR Target Units The “TSR Payout Factor” is based on the Company’s Total Shareholder Return (defined and measured as described below, the “TSR”) for the Performance Period relative to the TSR for each company (x) in the S&P 400 Capital Goods Index and (y) listed on Appendix A ((x) and (y) Form 2- PSU M6 & M5 & Below (Non-CA) Exhibit 10.17 collectively, the “Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the Peer Group is TSR Payout Factor (% of TSR Target Units) less than the 35th percentile 0% at the 35th percentile 50% at the 50th percentile 100% at the 80th percentile or more 200% The TSR Payout Factor is interpolated for actual results between the 35th percentile and the 80th percentile shown above.

Appears in 1 contract

Samples: Omnibus Incentive Plan (Itt Inc.)

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