Relative Total Shareholder Return. The Earned Percentage of the RTSR Units shall be determined by reference to the Relative Total Shareholder Return (as defined below) and will be calculated in accordance with the following schedule: Relative Total Shareholder Return Percentile Earned Percentage 25th or Less 0 % 50th 100 % 95th or Higher 200 %
Relative Total Shareholder Return. Peer Companies: OXY Occidental Petroleum Corporation EOG EOG Resources, Inc. APC Anadarko Petroleum Corporation DVN Devon Energy Corporation APA Apache Corporation MRO Marathon Oil Corporation PXD Pioneer Natural Resources CLR Continental Resources, Inc. NBL Noble Energy, Inc. HES Xxxx Corporation COG Cabot Oil & Gas Corporation XEC Cimarex Energy Co. FANG Diamondback Energy, Inc. XX Xxxxxxx Energy Inc. COP ConocoPhillips
Relative Total Shareholder Return. The term “Relative Total Shareholder Return” means the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Companies expressed as a percentile rank. Relative Total Shareholder Return will be determined by the percentile ranking of each Peer Company (including the Company) from the highest TSR to lowest TSR. The Peer Company ranked highest will be assigned the one hundred percentile (100%) rank and the Peer Company ranked lowest will be assigned a zero percentile (0.0%) rank. Each Peer Company ranked in between would be assigned a percentile equal to (1 minus ((r-1)/(n-1))), where “r” is the ranking of the Company in the list of Peer Companies and “n” is the total number of Peer Companies. For example, if there were twenty (20) Peer Companies and the Company had the fifth-highest Total Shareholder Return during the Performance Period, then the Relative Total Shareholder Return would equal (1-((5-1)/(20-1))) or .79 or the 79th percentile.
Relative Total Shareholder Return. 33.4% to be based on the Company’s 3 year average TSR Performance against the TSR Comparator Group as follows: 3-Year Relative TSR Performance Ranking Payout 1 200% 2 160% 3 120% 4 90% 5 70% 6 50% 7 30% 8 0% 9 0% The following definitions shall apply for purposes of determining the amounts payable pursuant to this Award:
Relative Total Shareholder Return. Performance Level FY ____ through FY ____ Relative Total Shareholder Return (1) Required to Achieve Performance Level % of TARGET AWARD Earned BELOW THRESHOLD Below __th percentile of COMPARATOR GROUP 0% THRESHOLD __th percentile as compared to COMPARATOR GROUP 25% TARGET __th percentile as compared to COMPARATOR GROUP 100% MAXIMUM At or above __th percentile as compared to COMPARATOR GROUP 200%
Relative Total Shareholder Return a. The Performance-Based RSUs covered by the Award will be subject to analysis with respect to the following Total Shareholder Return (“TSR”) Comparator Group members:1 Xxxxx Xxxxxxxx Corporation Brother Industries The Clorox Company Church & Xxxxxx Co., Inc. Colgate-Palmolive Company Coty Inc. Domtar Corporation Dorel Industries Inc. AB Electrolux Fortune Brands Home & Security Inc. General Xxxxx Hasbro, Inc. Xxxxxx XX & Co. KGaA Xxxxxxxx-Xxxxx Corporation Koninklijke Philips N.V. Mattel, Inc. Reckitt Benckiser Group plc SEB SA Societe BIC SA Spectrum Brands Holdings, Inc. Tupperware Brands VF Corporation Whirlpool Corporation
Relative Total Shareholder Return. The level of achievement of the “Relative Total Shareholder Return” objective will be determined based on the Company’s total shareholder return (“TSR”) over the Performance Period (as defined below) relative to the TSR over the Performance Period of the companies in the Xxxxxxx 2000 Index. The Company’s performance shall be measured based on the percentile ranking of such performance within the 2000 companies in the Xxxxxxx 2000 Index plus the Company.
Relative Total Shareholder Return. Peer Companies: OXY Occidental Petroleum Corporation EOG EOG Resources, Inc. APC Anadarko Petroleum Corporation DVN Devon Energy Corporation APA Apache Corporation MRO Marathon Oil Corporation PXD Pioneer Natural Resources CLR Continental Resources, Inc. NBL Noble Energy, Inc. HES Xxxx Corporation COG Cabot Oil & Gas Corporation SWN Southwestern Energy Company XEC Cimarex Energy Co. RRC Range Resources Corporation NFX Newfield Exploration Company FANG Diamondback Energy, Inc. Determination of Percentage Attributable to Relative Total Shareholder Return: The percentage attributable to the achievement of Relative Total Shareholder Return shall be determined in accordance with the following table based on the Company’s relative ranking in respect of the Performance Period with regard to Total Shareholder Return as compared to Total Shareholder Return of the Peer Companies (straight line interpolation will be used between levels): Company’s Relative Ranking Applicable Percentage 90th Percentile or Above 200% 70th Percentile 150% 50th Percentile 100% 25th Percentile 50% Below the 25th Percentile 0%
Relative Total Shareholder Return. “TSR”) Definition: Percentage change in the average closing price per share of all available trading days in the 4th quarter of 2014 compared to average closing price per share of all available trading days in the 4th quarter of 2011, measured against the market capitalization–weighted Xxxxxxx 3000 Auto Parts Index; all measures include dividends Weight: 20% of Performance-Based RSU Shares granted Number of Performance-Based RSU Shares related to the TSR metric (“TSR RSU Shares”): [ ] TSR Performance Parameters: 2012 – 2014 TSR as a percentile of the Xxxxxxx 3000 Auto Parts Index % of Target TSR RSU Shares Earned (Payout %) Number of Earned TSR RSU Shares at Payout % Level 30th to 39th percentile 50% 40th to 49th percentile 75% 50th to 59th percentile 100% 60th to 69th percentile 125% 70th to 79th percentile 150% 80th to 89th percentile 175% 90th percentile and above 200% If the final TSR is below the 30th percentile, no TSR RSU Shares will be earned If the final TSR is at or above the 90th percentile, the maximum TSR RSU Shares will be earned (200% of your target number of TSR RSU Shares indicated above) Fractional percentiles will be rounded using conventional rounding methods
Relative Total Shareholder Return. “Relative TSR”). Subject to the terms of the Agreement, the total number of Performance-Vested RSUs that become vested based on the achievement of Relative TSR (as defined in Paragraph 5 below) shall be equal to (x) the total number of Performance-Vested RSUs subject to Relative TSR set forth in Section 1 of the Agreement, multiplied by the Achievement Percentage during the period that begins on _______ and ends on _________________ (the applicable “Performance Period”), rounded to the nearest whole Performance-Vested RSU and, if equally between the two, rounded up: Level of Achievement Relative TSR Percentile Rank Achievement Percentage Below Threshold Less than 25th percentile 0% Threshold At least the 25th percentile 50% Target At least the 50th percentile 100% Maximum At least the 75th percentile 150% The Committee shall determine (i) the Total Shareholder Return for the Company for the Performance Period, (ii) the Total Shareholder Return for each Peer Group Member for the Performance Period, and (iii) the Relative TSR Percentile Rank for the Company. Notwithstanding anything to the contrary, if the Total Shareholder Return for the Company is negative over the Performance Period, then the Achievement Percentage with respect to the Company’s Relative TSR shall not exceed 100%.
