The Peer Group Clause Samples
The Peer Group clause defines a set of comparable companies or organizations used as a benchmark for evaluating performance, compensation, or other contractual metrics. In practice, this clause specifies which entities are included in the peer group and may outline criteria for adding or removing peers, such as mergers or changes in business focus. Its core function is to ensure that assessments or decisions are made relative to a relevant and agreed-upon standard, promoting fairness and objectivity in contractual evaluations.
The Peer Group. For purposes of determining the Company’s total shareholder return relative to its peer group (on U.S. exchanges), the Company’s peer group will include: • Ameriprise Financial, Inc. • Brighthouse Financial, Inc. • CNO Financial Group, Inc. • Globe Life • ▇▇▇▇▇▇▇ Financial, Inc. • Lincoln National Corporation • Manulife Financial Corporation • MetLife • Principal Financial Group, Inc. • Prudential Financial, Inc. • Sun Life Financial, Inc. • Unum Group • Voya Financial, Inc The following rules will apply: • if a peer enters bankruptcy during the Performance Period, it will be assumed to have a negative 100% total shareholder return for the Performance Period; • if a peer is acquired by another peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, the acquiror will be included and the acquired company will be excluded from the peer group; and • if a peer is acquired by a non-peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, it will be excluded from the peer group. The Company will make all determinations regarding the performance conditions for unearned performance shares and whether they have been met in its sole discretion. The Company will determine the TSR Performance Factor within sixty days following December 31, 2025. Any unearned performance shares that are not earned will be forfeited as of the date of the Company’s determination.
The Peer Group. The “Peer Group” shall include the companies set forth in Exhibit B.
The Peer Group. For purposes of determining the Company’s total shareholder return relative to its peer group (on U.S. exchanges), the Company’s peer group will include: • AIG • Ameriprise Financial, Inc. • Brighthouse Financial, Inc. • Lincoln National Corporation • MetLife • Principal Financial Group, Inc. • Prudential Financial, Inc. • Sun Life Financial, Inc. • Globe Life • Voya Financial, Inc The following rules will apply: • if a peer enters bankruptcy during the Performance Period, it will be assumed to have a negative 100% total shareholder return for the Performance Period; • if a peer is acquired by another peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, the acquiror will be included and the acquired company will be excluded from the peer group; and • if a peer is acquired by a non-peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, it will be excluded from the peer group. The Company will make all determinations regarding the performance conditions for unearned performance shares and whether they have been met in its sole discretion. The Company will determine the TSR and Final ▇▇▇ Performance Factors within sixty days following December 31, 2022. Any unearned performance shares that are not earned will be forfeited as of the date of the Company’s determination.
The Peer Group. For purposes of determining the Company’s total shareholder return relative to its peer group (on U.S. exchanges), the Company’s peer group will include: Allstate Sun Life Financial Ameriprise Financial Torchmark Brighthouse Financial Unum Group Hartford Financial Voya Financial Lincoln Financial ▇▇▇▇▇ ▇▇▇▇▇ Corp Manulife Financial Invesco Ltd Principal Financial ▇▇▇▇ ▇▇▇▇▇, Inc. Prudential Financial ▇. ▇▇▇▇ ▇▇▇▇▇ The following rules will apply: • if a peer enters bankruptcy during the TSR Performance Period, it will be assumed to have a negative 100% total shareholder return for the TSR Performance Period; • if a peer is acquired by another peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, the acquiror will be included and the acquired company will be excluded from the peer group; and • if a peer is acquired by a non-peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, it will be excluded from the peer group. The Company will make all determinations regarding the performance conditions for unearned performance shares and whether they have been met in its sole discretion. The Company will determine the TSR and Final ▇▇▇ Performance Factors within sixty days following December 31, 2020. Any unearned performance shares that are not earned will be forfeited as of the date of the Company’s determination. This Performance Shares Agreement (the “Agreement”), by and between AXA Equitable Holdings, Inc., a Delaware corporation (the “Company”), and the employee whose name is set forth on the Grant Notice attached hereto (the “Grant Notice”), is being entered into pursuant to the AXA Equitable Holdings, Inc. 2018 Omnibus Incentive Plan (the “Plan”). Capitalized terms that are used but not defined herein shall have the respective meanings given to them in the Plan.
The Peer Group. For purposes of determining the Company’s total shareholder return relative to its peer group (on U.S. exchanges), the Company’s peer group will include: AIG Ameriprise Financial Brighthouse Financial Lincoln Financial Metlife Financial Principal Financial Prudential Financial Sun Life Financial Torchmark Voya Financial The following rules will apply: • if a peer enters bankruptcy during the Performance Period, it will be assumed to have a negative 100% total shareholder return for the Performance Period; • if a peer is acquired by another peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, the acquiror will be included and the acquired company will be excluded from the peer group; and • if a peer is acquired by a non-peer and the transaction is completed as of the date that total shareholder return is calculated for the peer group, it will be excluded from the peer group. The Company will make all determinations regarding the performance conditions for unearned performance shares and whether they have been met in its sole discretion. The Company will determine the TSR and Final ▇▇▇ Performance Factors within sixty days following December 31, 2021. Any unearned performance shares that are not earned will be forfeited as of the date of the Company’s determination.
The Peer Group. The Peer Group shall include the following 13 companies: Targa Resources Corp. DCP Midstream, LP EnLink Midstream LLC NGL Energy Partners LP Crestwood Equity Partners LP Magellan Midstream Partners LP Genesis Energy LP NuStar Energy LP Equitrans Midstream Corp. DT Midstream Inc. Archrock, Inc. USA Compression Partners LP USD Partners LP b. Effect of Changes to Peer Group.
i. If a company in the Peer Group becomes insolvent or liquidates, such company shall be included in the ranking of the TUR and TSR, as applicable, of companies in the Peer Group but will be ranked last.
ii. If a company in the Peer Group is acquired or merged into another company and is not the surviving company, or as a result of any other corporate transaction, such company shall be removed from the Peer Group.