Examples of Indexed Company in a sentence
Calculate the Company TSR and each Indexed Company TSR by applying the following formula: (Ending Price/Beginning Price)-1.
Calculate the ending price with respect to the Company and each Indexed Company by determining the average of the closing market prices of such company’s common stock on the principal exchange on which such stock is traded for the thirty (30) consecutive market trading days ending on the last trading day of the Performance Period (each, an “Ending Price”).
Calculate the Company TSR’s percentile ranking among the Indexed Company TSRs (the “Relative TSR”) by ranking the Company TSR and the Indexed Company TSRs from highest (highest positive percentage) to lowest (highest negative percentage).
The Company TSR and each Indexed Company TSR will each be expressed as a percent of increase (i.e., a positive percent) or decrease (i.e., a negative percent) rounded to two decimal places (applying standard rounding principles).
Notwithstanding the foregoing, the Applicable Percentage may not exceed 100% if the Company TSR is less than zero.All determinations regarding the Beginning Price, the Ending Price, the Company TSR, the Indexed Company TSRs, the Relative TSR, and the Applicable Percentage will be made by the Committee in its sole discretion and all such determinations will be final and binding on all parties.
If (i) the Company TSR ranks among the Indexed Company TSRs at the 70th percentile and (ii) the Company TSR is greater than or equal to zero, then 175% of the Target Number of Market Stock Units would be Eligible Market Stock Units and would vest on the Vesting Date.2.Company’s Obligation to Pay.
Except as provided under Section 4 below, the Relative TSR will be determined as follows:1.Step 1: Calculate the beginning price with respect to the Company and each Indexed Company by determining the average of the closing market prices of such company’s common stock on the principal exchange on which such stock is traded for the last thirty (30) market trading days prior to the commencement of the Performance Period (each, a “Beginning Price”).
Except as provided under Sections 4 and 5 below, the Relative TSR will be determined as follows:1.Step 1: Calculate the beginning price with respect to the Company and each Indexed Company by determining the average of the closing market prices of such company’s common stock on the principal exchange on which such stock is traded for the last thirty (30) market trading days prior to the commencement of the Performance Period (each, a “Beginning Price”).
If (i) the Company TSR ranks among the Indexed Company TSRs at the 65th percentile and (ii) the Company’s Ending Price is $465.00, then 155% of the Target Number of Market Stock Units would be Eligible Market Stock Units and would vest on the Vesting Date.
Subject to the “Positive TSR Requirement” section below, the Applicable Percentage will be determined as follows: Below 60th percentile 0% 60th percentile 100% 80th percentile or greater 200% * If the Company TSR ranks among the Indexed Company TSRs between the 60th and the 80th percentiles, then the Applicable Percentage will be determined by linear interpolation between 100% and 200% of the target number of Restricted Stock Units.