Comparative TSR definition

Comparative TSR means, on a percentile basis, the Absolute TSR of the Company relative to the Absolute TSR of the component companies of the Comparator Group set forth in Annex A hereto, in each case measured over the applicable Performance Period, as reasonably determined by the Committee.

Comparative TSR means the Absolute TSR, on a percentile basis, of the Company relative to the Absolute TSR of the component companies of the Comparator Group set forth in Annex A hereto, in each case measured over the applicable Performance Period, as reasonably determined by the Committee.

Comparative TSR means the TSR of the following companies provided that any of the following companies whose shares are not quoted on the ASX for the relevant 3 year period will not be included: Ausenco LtdFleetwood LtdSedgmen LtdLycopodium LtdWorley Parsons LtdMermaid Marine LtdNomad LtdClough LtdMonadelphous LtdCoffey LtdEngenco Ltd Campbell Brothers LtdCardno LtdVDM Group Ltd Analysis of movement in options The movement during the reporting period, by value, of options and performance rights over ordinary shares in the Company held by each key management person is detailed below: Granted in year$Value of options exercised in year$Lapsed in year$ Executive Simon Buchhorn49,251- 72,577Stephen Fewster44,981- 86,035Gerard Moody39,845- -Phillip Dawson36,524- - 170,601- 158,612Southern Cross Electrical Engineering Limited Annual Report 2011Southern Cross Electrical Engineering Limited Annual Report 2011 Corporate Governance Statement 28Southern Cross Electrical Engineering Limited Annual Report 2011 Directors’ Report (continued) 28 RecommendationComply Yes / NoExplanationSouthern Cross Electrical Engineering Limited Annual Report 2011Southern Cross Electrical Engineering Limited Annual Report 2011Southern Cross Electrical Engineering Limited Annual Report 2011Corporate Governance StatementPrinciple 1 – Lay solid foundations for management and oversight1.1 Companies should establish the functions reserved for the board and those delegated to senior management and disclose those functions.1.2 Companies should disclose the process for evaluating the performance of senior executives.1.3 Companies should provide the information indicated in the Guide to reporting on Principle 1.Principle 2 – Structure the board to add value Yes Page 30 – 31 Yes Pages 18 – 20 Yes Pages 29 – 34

Examples of Comparative TSR in a sentence

• Payment of an Award is conditioned upon written certification by the Committee of satisfaction of the achievement of certain internal ROIC and EBITDA Growth levels, as may be modified by Comparative TSR attainment, as described below (the “Performance Criteria”) during the Performance Period.

• Intermediate values between specified levels of ROIC and adjusted EBITDA, as well as the extent of any modification based on intermediate levels of Comparative TSR, are determined by straight line interpolation.

• The share number in clause (B) above, for a given trading day, is the sum of one share plus the cumulative number of shares deemed purchased with such dividends.3.Performance Units Based on Comparative TSR to the Peer Group.

• Intermediate values between threshold and target and between target and max levels of Comparative TSR will be determined by straight-line interpolation.

• Payout will be based upon the Corporation's calculated Annualized TSR compared to the statistical Annualized TSR for the Peer Group ("Comparative TSR") using the whole company ranking method (i.e., including the Corporation within the array of companies for which TSR is compared).

• No later than the March 15 immediately following the Vesting Date the Committee shall certify in writing (which may consist of approved minutes of a Committee meeting) the levels of Comparative TSR, Average XXX and Comparative Premium Growth attained by the Company for the Performance Period, and the number of Performance Shares issuable to the Employee based on those performance levels.

• For each year, the Comparative TSR encompasses share price appreciation, measured against the S&P/ASX All Technology Index (excluding materials and energy companies).

• Performance Units Earned Based on Comparative TSR to the Peer Group.

• No later than the March 15 immediately following the Vesting Date the Committee shall certify in writing (which may consist of approved minutes of a Committee meeting) the levels of Comparative TSR and Comparative Premium Growth attained by the Company for the Performance Period, and the number of Performance Shares issuable to the Employee based on those performance levels.

• A significant portion of our CEO’s compensation is considered “at-risk” due to recent changes that we have made to our performance-based long-term incentive awards, which are described further below, including the addition of a Comparative TSR modifier.

More Definitions of Comparative TSR

Comparative TSR means the TSR of the following companies provided that any of the following companies whose shares are not quoted on the ASX for the relevant 12 month period will not be included: