TSR Calculation Methodology definition

TSR Calculation Methodology. As follows:
TSR Calculation Methodology. As follows: ▪ TSR Beginning Stock Price Calculation - average closing stock price for the 20 trading days immediately prior to the beginning of the Performance Period (for the Company and the Comparator Group companies) ▪ TSR Ending Stock Price Calculation - average closing stock price for the last 20 trading days of the Performance Period (for the Company and the Comparator Group companies) ▪ Treatment of Dividends in TSR Calculation - TSR calculation will assume reinvestment of dividends on the ex-dividend date (for the Company and the Comparator Group companies, where applicable) ▪ Exchange Rate - TSR and dividends (if applicable) of companies in the Comparator Group that are traded on international exchanges will be converted to USD using a published exchange rate on (1) each trading day prior to the beginning of the Performance Period to determine TSR Beginning Stock Price and (2) each trading day during the end of the Performance Period to determine TSR Ending Stock Price.
TSR Calculation Methodology means that both Actual TSR and the total shareholder return for each company in the rTSR Peer Group shall be calculated using the 20-day trading price average of a share of the Corporation’s common stock or an rTSR Peer Group company’s common stock ending on the last day immediately prior to the commencement of the Performance Period and the 20-day trading price average ending on the last day of the Performance Period, adjusted to include dividends paid on a share during the Performance Period (i.e., using the dividend accumulation method and not the dividend reinvestment method for such adjustment).

Related to TSR Calculation Methodology

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