Common use of Absolute TSR Clause in Contracts

Absolute TSR. Absolute TSR is the Performance Criterion applicable to the balance of the Performance Stock Units and is determined by subtracting the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period from the VWAP of the Company’s shares for the last 30 consecutive trading days immediately preceding the end of the applicable period. This difference will then be divided by the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period and multiplied by 100 to determine the Absolute TSR as a percent of growth in the stock price over the applicable period. The Company’s Absolute TSR is a Performance Criterion that will not be compared to similar Peer Company performance over the applicable period.

Appears in 1 contract

Sources: Performance Stock Unit Award Incentive Agreement (Ranger Energy Services, Inc.)

Absolute TSR. Absolute TSR is the Performance Criterion applicable to the balance of the Performance Stock Units and is determined by subtracting the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding following the beginning of the applicable period from the VWAP of the Company’s shares for the last 30 consecutive trading days immediately preceding the end of the applicable period. This difference will then be divided by the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding following the beginning of the applicable period and multiplied by 100 to determine the Absolute TSR as a percent of growth in the stock price over the applicable period. The Company’s Absolute TSR is a Performance Criterion that will not be compared to similar Peer Company performance over the applicable period.

Appears in 1 contract

Sources: Performance Stock Unit Award Incentive Agreement (Ranger Energy Services, Inc.)

Absolute TSR. Absolute TSR is the Performance Criterion applicable to the balance of the Performance Stock Units and is determined by subtracting the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period from the VWAP of the Company’s shares for the last 30 consecutive trading days immediately preceding the end of the applicable period. This difference will then be divided by the VWAP of the Company’s shares for the first 30 consecutive trading days immediately preceding the beginning of the applicable period and multiplied by 100 to determine the Absolute TSR as a percent of growth in the stock price over the applicable period. The Company’s Absolute TSR is a Performance Criterion that will not be compared to similar Peer Company performance over the applicable period.

Appears in 1 contract

Sources: Performance Stock Unit Award Incentive Agreement (Ranger Energy Services, Inc.)