GICS Code definition

GICS Code means the Global Industry Classification Standard (“GICS”) sub-industry code assigned to the applicable Underlying Stock Issuer; provided, however, if (i) there is no other stock in the Replacement Stock Selection Index in the same GICS sub-industry or (ii) a Replacement Stock (a) for which there is no trading restriction and (b) that is not an Excess ADTV Stock cannot be identified from the Replacement Stock Selection Index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned to such original Underlying Stock Issuer. If no GICS Code has been assigned to such original Underlying Stock Issuer, the applicable GICS Code will be determined by the Calculation Agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or, subject to the proviso in the preceding sentence, industry, as applicable) as such original Underlying Stock Issuer at the time of the relevant Replacement Stock Event. The “

GICS Code means the Global Industry Classification Standard (“GICS”) sub-industry code assigned to the applicable Underlying Stock Issuer; provided, however, if (i) there is no other stock in the Replacement Stock Selection Index in the same GICS sub-industry or (ii) a Replacement Stock (a) for which there is no trading restriction and (b) that is not an Excess ADTV Stock cannot be identified from the Replacement Stock Selection Index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned to such original Underlying Stock Issuer. If no GICS Code has been assigned to such original Underlying Stock Issuer, the applicable GICS Code will be determined by the Calculation Agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or, subject to the proviso in the preceding sentence, industry, as applicable) as such original Underlying Stock Issuer at the time of the relevant Replacement Stock Event. The “Replacement Stock Selection Index” means the S&P 500® Index.Delisting of American Depositary Shares or Termination of American Depositary Receipt Facility.If an Underlying Stock is an American Depositary Share and such Underlying Stock is no longer listed or admitted to trading on a U.S. securities exchange registered under the Exchange Act or included in the OTC Bulletin Board Service operated by FINRA, or if the American depositary receipt facility between the applicable Underlying Stock Issuer and the depositary is terminated for any reason (each, an “ADS Termination Event”), then, on the last Trading Day on which the applicable Underlying Stock is listed or admitted to trading or the last Trading Day immediately prior to the date of such termination, as applicable (the “Change Date”), a Replacement Stock Event shall be deemed to occur. Calculation Agent The Calculation Agent will determine whether this Security will be automatically called prior to stated maturity and whether a Contingent Coupon Payment will be made, the Call Price, if any, and the Maturity Payment Amount, if any. In addition, the Calculation Agent will

GICS Code means the Global Industry Classification Standard (“GICS”) sub-industry code assigned to the Underlying Stock Issuer; provided, however, if (i) there is no other stock in the Replacement Stock Selection Index in the same GICS sub-industry or (ii) a Replacement Stock

Examples of GICS Code in a sentence

• Interval Leisure Group, IncRussell 2000 IndexPeer Group$250 $200 $150 $100 $50 $012/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015ASSUMES $100 INVESTED ON DECEMBER 31, 2010 ASSUMES DIVIDENDS REINVESTEDFISCAL YEAR ENDING DECEMBER 31, 2015(in dollars) Company/Index/MarketCompanies included in peer group index with GICS Code 253010: Belmond Ltd Dineequity Inc Noodles & Co.Biglari Holdings Inc.

• The performance metrics under the LTIP are (1) annual targets for operating cash flow based on a goal set during the first 90 days of each year in the three-year Measurement Period and (2) an overall performance “modifier” set during the first 90 days of the Measurement Period, based on the Company’s total return to stockholders (i.e., Total Shareholder Return or TSR) relative to the Integrated Telecommunications Services Group (GICS Code 50101020) for the three-year Measurement Period.

• The performance metrics under the LTIP are (1) annual targets for operating cash flow based on a goal set during the first 90 days of each year in the three-year Measurement Period and (2) an overall performance “modifier” set during the first 90 days of the Measurement Period, based on the Company’s total return to stockholders (i.e., Total Shareholder Return or “TSR”) relative to the Integrated Telecommunications Services Group (GICS Code 50101020) for the three-year Measurement Period.

• Three proxies for innovation are used: R&D intensity of firms (between 1950 and 2003), patent counts (between 1965 and 1998) and citation weighted patent counts (between 1975 and 1998)4.Annual revenues and R&D expenditures of firms are extracted from the S&P 500 Pharmaceutical industry database (GICS Code 352020).

• We have used the COMPUSTAT database to extract sales, employment and R&D expenditures for all publicly quoted pharma firms listed under the GICS Code 3520204 between 1950 and 20085.

• Comparison of Cumulative Total ReturnInterval Leisure Group, Inc Russell 2000 Index Peer Group$700 $600 $500 $400 $300 $200 $100 $012/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013ASSUMES $100 INVESTED ON DECEMBER 31, 2008 ASSUMES DIVIDENDS REINVESTEDFISCAL YEAR ENDING DECEMBER 31, 2013 Company/Index/Market12/31/2008 12/31/2009 Companies included in peer group index with GICS Code 253010: Biglari Holdings Inc.

• S&P Dow Jones Indices has created back calculated history for the S&P Select Sector Capped 20% Communication Services Index based on the securities in the headline S&P 500 that would have hypothetically been classified as GICS Code 50 under th is new structure effective September 24, 2018.

• Note: does not include all possible RCG groupings for the implementation phase (e.g. Market Cap > or Market < a certain value, GICS Code etc.).

• Others recognize that the project could affect U.S. energy policy by setting a precedent and sending a signal, but they reach a different conclusion.

• The 97 companies listed on the ASX operating in the materials sector were identified by the GICS Code.

More Definitions of GICS Code

GICS Code means the Global Industry Classification Standard (“GICS”) sub-industry code assigned to the Basket Stock Issuer; provided, however, if (i) there is no other stock in the Replacement Stock Selection Index in the same GICS sub-industry or (ii) a Replacement Stock (a) for which there is no trading restriction and (b) that is not an Excess ADTV Stock cannot be identified from the Replacement Stock Selection Index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned to such Basket Stock Issuer. If no GICS Code has been assigned to such Basket Stock Issuer, the applicable GICS Code will be determined by the Calculation Agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or, subject to the proviso in the preceding sentence, industry, as applicable) as such Basket Stock Issuer at the time of the relevant Replacement Stock Event.

GICS Code means the Global Industry Classification Standard (“GICS”) sub-industry code assigned to the applicable Underlying Stock Issuer; provided, however, if (i) there is no other stock in the replacement stock selection index in the same GICSsub-industry or (ii) a replacement stock (a) for which there is no trading restriction and (b) that is not an excess ADTV stock cannot be identified from the replacement stock selection index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned to such original Underlying Stock Issuer. If no GICS Code has beenassigned to such original Underlying Stock Issuer, the applicable GICS Code will be determined by the calculation agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or, subject to the proviso in the preceding sentence, industry, as applicable) as such original Underlying Stock Issuer at the time of the relevant replacement stock event. The “replacement stock selection index” means the S&P 500® Index. Delisting of American Depositary Shares or Termination of American Depositary Receipt Facility. If an Underlying Stock is an American Depositary Share and such Underlying Stock is no longer listed or admitted to trading on a U.S. securities exchange registered under the Exchange Act or included in the OTC Bulletin Board Service operated by FINRA, or if the American depositary receipt facility between the applicable Underlying Stock Issuer and the depositary is terminated for any reason (each, an “ADS termination event”), then, on the last trading day on which the applicable Underlying Stock is listed or admitted to trading or the last trading day immediately prior to the date of such termination, as applicable (the “change date”), a replacement stock event shall be deemed to occur. Consequences of a Market Disruption Event; Postponement of a Calculation DayAs used in this section, the “final disrupted calculation day” means, with respect to a calculation day, (i) for an Index or a Fund, the eighth trading day for that Index or Fund after such originally scheduled calculation day or (ii) for an Underlying Stock, the eighth scheduled trading day for that Underlying Stock after such originally scheduled calculation day. Securities Linked to a Single Market MeasureIf any calculation day is not a trading day with respect to the Market Measure, such calculation day will be postponed to the next succeeding day that is a trading day with respect to the Market Mea...