Common use of TSR Clause in Contracts

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 Xxxx Xxxxxxx Corp., Cabot Oil & Gas Corp., Cimarex Energy Co., Xxxxxxxx Resources Inc., Denbury Resources Inc., Forest Oil Corp., Penn Virginia Corp., Plains Explorations & Production Co., Quicksilver Resources Inc., XxxxXxxxx Energy, Inc., St. Xxxx Xxxx & Exploration Co., Stone Energy Corp., Swift Energy Co., and Xxxxxxx Petroleum Corp., to the extent such entities or their successors are in existence and publicly traded as of the end of the Performance Period.

Appears in 4 contracts

Samples: Berry Petroleum Company 2010 (Berry Petroleum Co), Berry Petroleum Company 2010 (Berry Petroleum Co), Berry Petroleum Company 2010 (Berry Petroleum Co)

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