TSR Performance Factor Sample Clauses
TSR Performance Factor. The TSR Performance Factor will be determined as follows: • The Committee will determine the “Guideline Performance Percentage” for each PSU Weighting Period in accordance with the following table: Company Total Return compared to Peer Group Total Return Guideline Performance Percentage1 75th Percentile or Above 250% 50th Percentile 100% 25th Percentile 50% Below 25th Percentile2 0% ______________ 1 The Guideline Performance Percentage between the 25th Percentile and the 50th Percentile is a percentage based on a straight-line interpolation between 50% and 100% based on a comparison of the Total Returns described above, and the Guideline Performance Percentage between the 50th Percentile and the 75th Percentile is a percentage based on a straight-line interpolation between 100% and 250% based on a comparison of the Total Returns described above. 2 The 25th Percentile is the minimum percentile for which there is a Guideline Performance Percentage. • The Guideline Performance Percentages determined for each PSU Weighting Period will be weighted equally and will be averaged (the “Average Percentage”). The Average Percentage may then be decreased or increased (including above 250%) by the Committee in its discretion taking into account all factors the Committee deems relevant, including changes to the Peer Group occurring during the Performance Period, anomalies in trading during the applicable trading days or other business performance matters, to determine the TSR Performance Factor. • In the event of a Change in Control, the Committee shall determine the TSR Performance Factor as of the date such Change in Control occurs taking into account: (A) an Average Percentage calculated based on (i) the actual Guideline Performance Percentage determined with respect to any completed PSU Weighting Period, and (ii) a deemed Guideline Performance Percentage of 100% for any PSU Weighting Period that has not been completed, and (B) any other factors deemed relevant by the Committee, in accordance with the preceding paragraph, including any impacts related to the Change in Control.
TSR Performance Factor. For purposes of this Award Agreement, the “TSR Performance Factor” shall be equal to Total Shareholder Return, which factor is further reduced by a performance hurdle as determined below: 4899-0302-8876\2
(A) the TSR Performance Factor shall be reduced by one tenth (0.
1) when the factor calculated above equals 1.1 or less (i.e., the payout percentage is reduced by 10% when total shareholder return in the chart in paragraph (C) below is 10% or less); and
(B) The TSR Performance Factor shall be reduced by the number interpolated on a straight line basis between one tenth (0.1) and zero corresponding to the factor calculated above falling within the range starting at 1.1 and ending at 2 (i.e., the performance hurdle is phased out as total shareholder return surpasses 10% and approaches 100% in the chart in paragraph (C) below).
(C) The above-described performance requirements and calculations are illustrated in the following chart: Below -40% 0%