Year Cumulative TSR - Peer Group Weighted Payout Percentage Sample Clauses

Year Cumulative TSR - Peer Group Weighted Payout Percentage. The 3 Year Cumulative TSR - Peer Group measure represents the Company's average total shareholder return (based on the average of the closing prices of the shares of Common Stock for the four (4) weeks immediately preceding the Determination Date compared to the average of the closing prices of the shares of Common Stock for the four (4) weeks immediately following the Grant Date), expressed as a percentile ranking in an industry peer group (which peer group shall include such companies as shall be selected by the Committee in its sole discretion before the awards to which the 3 Year Cumulative TSR - Peer Group applies are granted) that corresponds with a specified payout percentage. The table below is used to determine the applicable payout percentage, which is then multiplied by 25% to determine the 3 Year Cumulative TSR - Peer Group weighted payout percentage for purposes of the Composite TSR Percentage. Notwithstanding the foregoing, if the Company's average total shareholder return as of the Determination Date (based on the average of the closing prices of the shares of Common Stock for the four (4) weeks immediately preceding the Determination Date compared to the average of the closing prices of the shares of Common Stock for the four (4) weeks immediately following the Grant Date) is negative, the following shall apply: (A) If the Company's total shareholder return percentile ranking is at or above the 50th percentile of the peer group, then the applicable payout percentage used to determine the 3 Year Cumulative TSR - Peer Group weighted payout percentage for purposes of the Composite TSR Percentage shall not exceed 150% and shall be determined by reference to the table below. (B) If the Company's total shareholder return percentile ranking is below the 50th percentile of the peer group, then the 3 Year Cumulative TSR - Peer Group weighted payout percentage shall be 0%.
Sample 1
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Related to Year Cumulative TSR - Peer Group Weighted Payout Percentage

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