Common use of General Performance Criteria Clause in Contracts

General Performance Criteria. The Award provides the Grantee an opportunity to receive Shares based upon the Company’s total stockholder return for the Performance Period (as that term is defined below) as compared with the total stockholder returns of the peer index companies set forth on Exhibit A (the “Peer Index Companies”) for such period. Total shareholder return for the Company will be measured based on $100 invested in the Company’s common stock on the first day of the Performance Period, with dividends reinvested.

Appears in 4 contracts

Samples: Share Award Agreement (Patterson Uti Energy Inc), Share Award Agreement (Patterson Uti Energy Inc), Patterson Uti Energy Inc

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