Common use of TSR Modifier Clause in Contracts

TSR Modifier. In addition to the Adjusted ROCE Goal, the Company’s Relative TSR for the Performance Period (the “TSR Modifier”) will also be measured. The TSR Modifier will reduce the Achievement Factor by 10 percentage points if the Company ranks in the bottom quartile. The resulting percentage is referred to as the “Payout Percentage.” For example: 110% Achievement Factor – 10% (Bottom Quartile TSR Performance) = 100% Payout Percentage

TSR Modifier. In addition to the Adjusted ROCE Goal, the Company’s Relative TSR for the Performance Period (the “TSR Modifier”) will shall also be measured. The TSR Modifier will shall reduce the Achievement Factor by 10 percentage points if the Company ranks in the bottom quartile. The resulting percentage is referred to as the “Payout Percentage.” For example: 110% Achievement Factor – - 10% (Bottom Quartile TSR Performance) = 100% Payout Percentage