Common use of Absolute TSR Modifier Clause in Contracts

Absolute TSR Modifier. Notwithstanding anything to the contrary contained in Section 1(a), if (i) Piedmont’s absolute TSR for the Performance Cycle is negative, and (ii) the relative Performance Level for the applicable Performance Cycle is determined to be above the Target Performance Level, the Percentage of the Target Amount Payable shall be reduced according to the following schedule: -0.01% 10% <= -15.0% 30% The adjustment in this Section 1(b) shall not apply if the relative Performance Level for the applicable Performance Cycle is determined to be at or below the Target Performance Level.

Absolute TSR Modifier. Notwithstanding anything to the contrary contained in Section 1(a), if (i) Piedmont’s absolute TSR for the Performance Cycle is negative, and (ii) the relative Performance Level for the applicable Performance Cycle is determined to be above the Target Performance Level, the Percentage of the Target Amount Payable shall be reduced according to the following schedule: -0.01% 10% <= =< -15.0% 30% The adjustment in this Section 1(b) shall not apply if the relative Performance Level for the applicable Performance Cycle is determined to be at or below the Target Performance Level.%

Absolute TSR Modifier. Notwithstanding anything to the contrary contained in Section 1(a§ 3(a), if (i) Piedmontthe Company’s absolute TSR for the Performance Cycle is negative, and (ii) the relative Performance Level for the applicable Performance Cycle is determined to be above the Target Performance Level, the Percentage of the Target Amount Payable shall be reduced according to the following schedule: -0.01% 10% <= -15.0% 30% The adjustment in this Section 1(b§ 3(b) shall not apply if the relative Performance Level for the applicable Performance Cycle is determined to be at or below the Target Performance Level.