Absolute Total Shareholder Return means; (a) the average closing price of Common Stock for the 30 trading days, excluding the final 5 trading days for administrative purposes, on the New York Stock Exchange of the Extended Performance Period, minus (b) the share price used to determine the Target Performance Stock Unit Award, assuming dividends are reinvested as of the ex-dividend date, divided by (c) the share price used to determine the Target Performance Stock Unit Award. The Leadership Development and Compensation Committee of the Board of Directors (“LDCC”) retains authority to make adjustments for extraordinary events affecting the calculations.
Absolute Total Shareholder Return means, with respect to the Performance Period, the average, compounded, annual return that would have been realized by a shareholder who (1) bought one Share on the first day of the Performance Period for the Share Price on such date, (2) reinvested each dividend and other distribution declared during such period of time and received with respect to such Share (and any other Shares previously received upon reinvestment of dividends or other distributions), without deduction for any taxes with respect to such dividends or other distributions or any charges in connection with such reinvestment, in additional Shares at a price per Share equal to the sum of (A) the Fair Market Value on the trading day immediately preceding the ex-dividend date for such dividend or other distribution less (B) the amount of such dividend or other distribution and (3) sold such Shares on the last day of such Performance Period for the Share Price on such date, without deduction for any taxes with respect to any gain on such sale or any charges in connection with such sale. As set forth in, and pursuant to, Section 6 of this Certificate, appropriate adjustments to the Absolute Total Shareholder Return shall be made to take into account all share dividends, share splits, reverse share splits and the other events set forth in Section 6 that occur during the Performance Period.
Absolute Total Shareholder Return. (or “Absolute TSR”) means, as to the applicable company for the applicable Measurement Period, the cumulative (non-compounded) total return (expressed as a percentage) of an investment in the company’s common stock for the Measurement Period, determined using the Beginning Stock Price to value the company’s common stock at the start of the Measurement Period and the Ending Stock Price to value the company’s common stock at the end of the Measurement Period. For purposes of such determination, the Ending Price (or one or more of the Closing Stock Prices used to determine the Ending Price, as the Administrator may determine) shall be equitably and proportionately adjusted by the Administrator to the extent (if any) determined necessary by the Administrator to preserve the intended incentives of the award and mitigate the impact of any stock split, stock dividend or reverse stock split occurring during the Measurement Period and the Beginning Price (or one or more of the Closing Stock Prices used to determine the Beginning Price, as the Administrator may determine) shall be equitably and proportionately adjusted by the Administrator to the extent (if any) determined necessary by the Administrator to preserve the intended incentives of the award and mitigate the impact of any stock split, stock dividend or reverse stock split occurring during the thirty (30) consecutive trading day period used to determine the Beginning Stock Price.
Examples of Absolute Total Shareholder Return in a sentence
The second Performance Criterion is the Absolute Total Shareholder Return (the “Absolute TSR”) as defined in Exhibit A to this Agreement (the “Absolute TSR Criterion”).
In the event that Absolute Total Shareholder Return over the Extended Performance Period is negative, the Performance Stock Bonus Payout Factor shall be capped at 100%.
The Absolute Total Shareholder Return test determines 30% of the total LTI-reward.
On 9 May 2018, the Board of Director had a resolution to approve the revised amount of performance incentive payment to Baht 22.76 million allocating to the managements at the end of the project if the Absolute Total Shareholder Return and Relative Total Shareholder Return meet the criteria at the third year of the project.
In the event that Absolute Total Shareholder Return over the Extended Performance Period is negative, the Performance Leveraged Stock Bonus Payout Factor shall be capped at 100%.
More Definitions of Absolute Total Shareholder Return
Absolute Total Shareholder Return. “Total Shareholder Return” shall mean, as to the Company and each of the Peer Companies, the percentage rate of return shareholders receive through stock price changes and the receipt of cash dividends paid over the Performance Period, determined in accordance with the following formula: (Closing Value minus Initial Value plus Cash Dividends) divided by Initial Value, where:
Absolute Total Shareholder Return means annual compounded Total Shareholder Return for the Performance Period (or if a Change in Control occurs during the Performance Period, annualized compounded Total Shareholder Return for the Performance Period).
Absolute Total Shareholder Return means (expressed as a percentage): (A)(i) the average of the closing trading prices of a share of Common Stock on the principal exchange on which such shares are then traded for each trading day during the thirty (30) consecutive calendar days ending on (and including) the last date of the Performance Period, minus
Absolute Total Shareholder Return means, as of the end of any Performance Year (expressed as a percentage): (A)(i) the average of the closing trading prices of a share of Common Stock on the principal exchange on which such shares are then traded for each trading day during the thirty (30) consecutive calendar days ending on (and including) the last date of the applicable Performance Year, minus (ii) the Base Price, plus (iii) the value of any dividends declared on a share of Common Stock in respect of a record date occurring during the period commencing on the Effective Date and ending on the last date of the applicable Performance Year, with all such dividends deemed reinvested in shares of Common Stock as of the applicable record date, divided by (B) the Base Price (in each case, with such adjustments as are necessary, in the judgment of the Compensation Committee, to equitably calculate Absolute Total Shareholder Return in light of any stock splits, reverse stock splits, stock dividends, and other extraordinary transactions or other changes in the capital structure of the Company).
Absolute Total Shareholder Return means (expressed as a percentage): (A)(i) the average of the closing trading prices of a share of Common Stock on the principal exchange on which such shares are then traded for each trading day during the thirty (30) consecutive calendar days ending on (and including) the last date of the Performance Period, minus (ii) the Base Price, plus (iii) the value of any dividends declared on a share of Common Stock in respect of a record date occurring during the Performance Period, with all such dividends deemed reinvested in shares of Common Stock as of the applicable record date, divided by (B) the Base Price (in each case, with such adjustments as are necessary, in the judgment of the Compensation Committee to equitably calculate Absolute Total Shareholder Return in light of any stock splits, reverse stock splits, stock dividends, and other extraordinary transactions or other changes in the capital structure of the Company).
Absolute Total Shareholder Return means, with respect to a Performance Period, the average, compound, annual return that would have been realized by a stockholder who (1) bought one share of Common Stock on the Effective Date for such Performance Period for the Common Stock Price on such date, (2) reinvested each dividend and other distribution declared during such Performance Period with respect to such share of Common Stock (and any other shares previously received upon reinvestment of dividends or other distributions) in additional shares of Common Stock at the Fair Market Value on the ex-dividend date for such dividend or other distribution and (3) sold such shares of Common Stock on the Valuation Date for such Performance Period for the Common Stock Price on such date. As set forth in, and pursuant to, Section 2.8, appropriate adjustments to the Absolute Total Shareholder Return shall be made to take into account all stock dividends, stock splits, reverse stock splits and the other events set forth in Section 2.8 that occur during any Performance Period.
Absolute Total Shareholder Return means (expressed as a percentage): (A)(i) the average of the closing trading prices of a share of Common Stock on the principal exchange on which such shares are then traded for each trading day during the thirty (30) consecutive calendar days ending on (and including) the last date of the Performance Period, minus (ii) the Base Price, plus (iii) the value of any dividends declared on a share of Common Stock in respect of a record date |occurring during the Performance Period, with all such dividends deemed reinvested in shares of Common Stock as of the applicable record date, divided by (B) the Base Price (in each case, with such adjustments as are necessary, in the judgment of the Compensation Committee to equitably calculate Absolute Total Shareholder Return in light of any stock splits, reverse stock splits, stock dividends, and other extraordinary transactions or other changes in the capital structure of the Company).