TSR Clause Samples
The TSR (Total Shareholder Return) clause defines how the performance of a company’s shares is measured over a specific period, typically for the purpose of determining executive compensation or triggering certain contractual outcomes. This clause outlines the calculation method for TSR, which usually involves comparing the change in share price plus dividends paid, and may specify benchmarks or peer groups for comparison. Its core practical function is to align the interests of executives or stakeholders with those of shareholders by tying rewards or obligations to the company’s actual market performance.
TSR. If, upon the conclusion of the TSR Performance Period, the Company’s relative TSR exceeds the 25th percentile, but is less than the 50th percentile of TSR of the TSR Peer Group Companies, the percentage of TSR Target Performance Shares that shall become earned shall be determined by mathematical straight-line interpolation between 25% of the TSR Target Performance Shares and 100% of the TSR Target Performance Shares, with a fractional share rounded down to the next whole share.
TSR. If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period falls below the 25th percentile of TSR for the TSR Peer Group Companies (as defined below), no Performance Shares for TSR performance shall become earned.
TSR. If, upon conclusion of the TSR Performance Period, the Company’s relative TSR for the TSR Performance Period is at the 50th percentile of TSR for the TSR Peer Group Companies, 100% of the TSR Target Performance Shares shall become earned.
TSR. TSR means stock price growth during the Performance Period, with any dividends during such period being reinvested. TSR is evaluated based on the ending value of a deemed $100 initial investment. For purposes of determining TSR, the stock price shall be calculated based on the daily average stock price for the twenty trading days immediately prior to the beginning and end of the Performance Period. TSR shall be measured against the Peer Companies. The “Peer Companies” are ▇▇▇▇ ▇▇▇▇▇▇▇ Corp., Cabot Oil & Gas Corp., Cimarex Energy Co., ▇▇▇▇▇▇▇▇ Resources Inc., Denbury Resources Inc., Forest Oil Corp., Penn Virginia Corp., Plains Explorations & Production Co., Quicksilver Resources Inc., ▇▇▇▇▇▇▇▇▇ Energy, Inc., St. ▇▇▇▇ ▇▇▇▇ & Exploration Co., Stone Energy Corp., Swift Energy Co., and ▇▇▇▇▇▇▇ Petroleum Corp., to the extent such entities or their successors are in existence and publicly traded as of the end of the Performance Period.
TSR. TSR means stock price growth during the Performance Period, with any dividends during such period being reinvested. TSR is evaluated based on the ending value of a deemed $100 initial investment. For purposes of determining TSR, the stock price shall be calculated based on the daily average stock price for the twenty trading days immediately prior to the beginning and end of the Performance Period. TSR shall be measured against the Peer Companies. The “Peer Companies” are ▇▇▇▇ ▇▇▇▇▇▇▇ Corp., Cabot Oil & Gas Corp., Cimarex Energy Co., ▇▇▇▇▇▇▇▇ Resources Inc., Denbury Resources Inc., Forest Oil Corp., Mariner Energy, Inc., Penn Virginia Corp., Plains Explorations & Production Co., Quicksilver Resources Inc., ▇▇▇▇▇▇▇▇▇ Energy, Inc., St. ▇▇▇▇ ▇▇▇▇ & Exploration Co., Stone Energy Corp., Swift Energy Co., and ▇▇▇▇▇▇▇ Petroleum Corp., to the extent such entities or their successors are in existence and publicly traded as of the end of the Performance Period.
TSR. Vesting and payment of the TSR Target Award shall be subject to achievement by the Company as of the last trading day prior to the end of the applicable Performance Period of the TSR Target Goal, as defined and calculated in accordance with Section 11 hereof, according to the following table: Threshold Goal Not less than the 25th percentile 50% The number of PSUs that will vest if the Committee determines and certifies the Company’s achievement of a TSR performance level between TSR Performance Goals will be determined by linear interpolation.
TSR. (Change in Stock Price + Dividends Paid)/Beginning Stock Price
TSR. TSR shall be equal to the average closing price of a share of common stock during the [ ] trading days prior to and ending on the last trading day on or immediately prior to the last day of the Performance Period less the average closing price of a share of common stock during the period [ ], plus all dividends payments made during the Performance Period, which are assumed to be re-invested as of the date of such dividend distribution, divided by the average closing price of a share of common stock during the period [ ], with all prices to be automatically proportionately adjusted as applicable in the event of a stock split, reverse stock split, combination, consolidation, reclassification or subdivision.
TSR. The term “TSR” means compound annual total stockholder return of a company and shall be determined by dividing: (i) the sum of (x) the Ending Price less the Beginning Price plus (y) all dividends and other distributions paid on such company’s common stock during the Measurement Period (or the period commencing on the Grant Date and ending on the Last Trading Day, if applicable) by (ii) the Beginning Price. Any non-cash distributions paid on such company’s common stock during the Measurement Period shall be ascribed such dollar value as may be determined by or at the discretion of the Committee.
TSR. The term “TSR” means, for the Company and each of the Peer Group companies, the company’s total shareholder return, expressed as a percentage, which will be calculated by dividing (i) the Closing Average Share Value by (ii) the Opening Average Share Value and subtracting one from the quotient. For example, if the Closing Average Share Value as of the end of the first Performance Period is based on [.] and if the Opening Average Share Value is [.] and if that that [.] increase places the Company at a Company rTSR Percentile Rank of [.], then the payout would be at [.]of target shares.