Total Unitholder Return definition

Total Unitholder Return or “TUR” means for the Company and each entity in the Peer Group the number derived using the following formula:

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Total Unitholder Return or TUR, means (i) the sum of (A) unit price appreciation (calculated as the closing price of the Units for the last business day of the Performance Period less the closing price of the Units for the first business day of the Performance Period), plus (B) cumulative distributions during the Performance Period, plus (C) any additional value or compensation received by unitholders such as units received from spinoffs, divided by (ii) the closing price of the Units on the first business day of the Performance Period, adjusted to take into account any unit splits, changes in capitalization or other similar events. Such determinations and adjustments shall be made by the Committee in its discretion.

Examples of Total Unitholder Return in a sentence

The two performance measures are EBITDA and Total Unitholder Return.
The Total Unitholder Return of the Company and of the Comparison Companies shall be calculated and certified by the Committee.
Total Unitholder Return (“TUR”) will be compiled for a peer group of companies (the “Target Group”) for the Performance Period immediately preceding each Normal Vesting Date.
The percentile ranking of the Company’s Total Unitholder Return as compared to the Total Unitholder Return of each Comparison Company shall determine the Multiplier using the chart below.
The Acquiring Parties acknowledge that OpCo will make an offer to acquire each PrimeWest Right for which no PrimeWest Units would be issued on the exercise thereof at any time on or prior to the Effective Date (assuming the Total Unitholder Return (as that term is defined in the LTIP) is calculated on the basis of the consideration offered for each PrimeWest Unit under the Arrangement), on the basis of $0.10 for each such PrimeWest Right.

More Definitions of Total Unitholder Return

Total Unitholder Return or “TUR” means the number derived using the following formula: Beginning Unit Price.

Total Unitholder Return or “TUR” means, as to the Partnership and each company in the Performance Peer Group, (i) the Ending Price minus the Beginning Price plus (ii) any distributions (whether cash or unit-based) made per Unit during the Performance Period.

Total Unitholder Return is defined as the Ending Price minus the Beginning Price plus any distributions (cash or unit based on ex-distribution date) paid per unit over the Performance Period, with such distributions assumed to be reinvested in units on the ex-distribution date, the total of which is divided by the Beginning Price.

Total Unitholder Return or “TUR” means the number derived using the following formula:

Total Unitholder Return means, with respect to any period, the total return to Unitholders on the Units calculated using cumulative distributions on a reinvested basis and the change in the trading price of the Units on the TSX over such period (if the Units are not then issued and posted for trading on the TSX or are then listed and posted for trading on more than one stock exchange, on such stock exchange on which the Units are then listed and posted for trading as may be selected for such purpose by the Board in its sole and absolute discretion);

Total Unitholder Return means a return determined as follows: (a) the aggregate of all distributions paid or payable on a Unit from the date of issue of the applicable UAR to the date of exercise of the applicable UAR plus the aggregate of all distributions which would have been paid during the same period on the Units purchased as a result of the reinvestment of all distributions made during that period; (b) plus the amount, if any, by which the Exercise Date Unit Price exceeds the UAR issue price together with the aggregate of the amounts by which the Exercise Date Unit Price exceeds, in each case, the price per Unit at which distributions were deemed to have been reinvested in Units; and (c) minus the amount, if any, by which the Exercise Date Unit Price is less than the UAR issue price together with the aggregate of the amounts by which the Exercise Date Unit Price is less than, in each case, the price per Unit at which distributions were deemed to have been reinvested in Units;

Total Unitholder Return means, with respect to any period, the total return to Unitholders on the Units, calculated using cumulative Distributions on a reinvested basis and the change in the trading price of the Units on the Exchange over such period.