Examples of Cumulative TSR in a sentence
Daily returns are calculated over the performance cycle and added together resulting in the Cumulative TSR for the performance cycle.
The table below is used to determine the applicable payout percentage, which is then multiplied by 50% to determine the Cumulative TSR - Peer Group weighted payout percentage for purposes of the Composite TSR Percentage.
Recipient will have the ability to earn one-quarter ( 1⁄4) of the TSR Metric Target Award in each of the 1st TSR Performance Period, 2nd TSR Performance Period, 3rd TSR Performance Period, and for the Cumulative TSR Performance Period.
By way of example (assuming Cumulative TSR of 60 per cent): Annualised TSR equals the cube root of 1 plus 0.60, which equals 1.17, minus 1 which equals 17 per cent.
Subject to Section 7, the amount to be distributed to a Participant will be based on the following performance conditions (the “Performance Conditions”): (i) the Company’s total shareholder return (“Total Shareholder Return,” or “TSR”) relative to the TSR of a peer group (“Relative TSR”), calculated as described in Attachment A for the Performance Period, and (ii) the Company’s Cumulative TSR Per Share, calculated as described in Attachment B for the Performance Period.
The term “ TSR Performance Period” shall refer to each of the Cumulative TSR Performance Period, 1st TSR Performance Period, 2nd TSR Performance Period and 3rd TSR Performance Period, and the term “TSR Performance Periods” shall refer to each of these in the collective.
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.
Cumulative TSR for these awards will be measured from the quarter in which the grant was made to the vesting date and compared to the peer group companies.· The STIP total payout is capped at 200 percent of target.
Example: Date Closing Price Dividend Daily TSR 11/23/2007 21.08 0 NA 11/26/2007 20.90 0 (0.8539 %) 11/27/2007 21.09 0.15 1.6268 %* 11/28/2007 21.54 0 2.1337 % 11/29/2007 21.38 0 (.7428 %) 11/30/2007 21.38 0 0.00 % Cumulative TSR 11/23/2007 to 11/30/2007 2.1347 % * [(21.09 + 0.15) / 20.90] -1 ACCEPTANCE AND ACKNOWLEDGMENT I, a resident of the state of , accept the Performance Award described in this Agreement and in the Plan, and acknowledge that I have received a copy of this Agreement and the Plan.
The “ Cumulative TSR Performance Period” shall mean the three (3) year period from , 20 through , 20 .