Peer Group and TSR Payout Sample Clauses

Peer Group and TSR Payout. Once the average TSR for the Company during the Performance Period is calculated, the average TSR for each company in the Peer Group shall be calculated. The Peer Group shall consist of the following companies (including KBR, Inc.): AECOM Technology Corporation Xxxxxx Engineering Group Inc. Chicago Bridge & Iron Company N.V. XxXxxxxxx International, Inc. Chiyoda Corporation Quanta Services, Inc. EMCOR Group, Inc. Technip Fluor Corporation No company shall be added to, or removed from, the Peer Group during the Performance Period, except that a company shall be removed from the Peer Group if during such period (i) such company ceases to maintain publicly available statements of operations prepared in accordance with GAAP, (ii) such company is not the surviving entity in any merger, consolidation, or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly owned entity of such company), or (iii) such company sells, leases, or exchanges all or substantially all of its assets to any other person or entity (other than a previously wholly owned entity of such company). If one or more Peer Group companies are removed from the Peer Group, then the percentiles and TSR payouts will adjust for the change in “n” of the formula provided below; provided, however, that the adjustment must require at least a 90.0 percentile to receive the maximum TSR payout and at least a 20.0 percentile to receive the threshold TSR payout. After the average TSR is determined for the Company and each company in the Peer Group, the Company’s average TSR rank among the average TSRs for the Peer Group for the Performance Period and the Company’s applicable TSR payout percentage shall be determined by the following formula: US/INTERNATIONAL EMPLOYEE (EXHIBIT A) TSR Peer Group Percentile and TSR Payout Table Threshold Target Maximum Percentile <20% 20% 50% ≥90% TSR Payout 0% 25% 100% 200% LTI TSR Calculation Method Ranking Percentile * TSR Payout ** 1 100.0 % 200.0 % 2 88.9 % 197.3 % 3 77.8 % 169.5 % 4 66.7 % 141.8 % 5 55.6 % 114.0 % 6 44.4 % 86.0 % 7 33.3 % 58.3 % 8 22.2 % 30.5 % 9 11.1 % 0.0 % 10 0.0 % 0.0 % * Rounded to 1 decimal place.** For a Percentile ranking between Threshold and Target or Target and Maximum, the TSR Payout percentage earned shall be determined by linear interpolation between maximum and threshold based on the Percentile ranking achieved. Rounded to 1 decimal place.
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