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 = Payout Factor X TSR Target Units The “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 in the S&P 400 Capital Goods Index (“Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the S&P 400 Capital Goods Index 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 Payout Factor is interpolated for actual results between the 35th percentile and the 80th percentile shown above.

Appears in 2 contracts

Samples: Corporation 2011 Omnibus Incentive Plan (ITT Corp), Corporation 2011 Omnibus Incentive Plan (ITT Corp)

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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 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 in the S&P 400 Capital Goods Index (“Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the S&P 400 Capital Goods Index is TSR Payout Factor(% 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.), Corporation 2011 Omnibus Incentive Plan (ITT Corp)

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TSR Unit Payout. 50% of the Target Units shall be “TSR Target Units.” The performance units calculated paid out with respect to the TSR Target Units shall be determined in accordance with the following formula: TSR Unit Payout = Payout Factor X TSR Target Units The “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 in the S&P 400 Mid-Cap Capital Goods Index (“Peer Group”), determined in accordance with the following table: If Company’s TSR rank against the S&P 400 Mid-Cap Capital Goods Index is TSR Payout Factor(% 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 Payout Factor is interpolated for actual Actual results between the 35th percentile and the 80th percentile numbers shown above.above are interpolated. Relative Total Shareholder Return

Appears in 1 contract

Samples: Corporation 2011 Omnibus Incentive Plan (ITT Corp)

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