Peer Group Average definition

Peer Group Average applicable to the One-Year Goal and the Three-Year Goals is based on the peer group of companies selected by the Committee prior to the Grant Date and separately communicated to you.
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Peer Group Average means the arithmetic mean of the Average RONAs of the Peer Companies for the Plan Cycle. If one or more of the Peer Companies is eliminated during the Plan Cycle either through acquisition or dissolution, or because of any other reason, then the Peer Group Average shall be based on the Average RONAs of the remaining Peer Companies. If one or more Peer Companies are combined during the Plan Cycle, either through merger, consolidation, purchase and sale of assets, or because of any other reason, then (i) for periods before they are combined, "Peer Group Average" shall be based on the Average RONAs of all such Peer Companies; and (ii) for periods after they are combined, "Peer Group Average" shall include the Average RONA of the combined entity.
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Peer Group Average applicable to the One-Year Goal and the Three-Year Goal is based on the peer group of companies selected by the Committee prior to the Grant Date and separately communicated to you. Vesting Date Percent Vested Subject to One-Year Goal Percent Vested Subject to Three-Year Goal 1st anniversary of Grant Date 33.33% N/A 2nd anniversary of Grant Date 33.33% N/A 3rd anniversary of Grant Date 33.34% N/A 4th anniversary of Grant Date N/A 100% For purposes of the payment of applicable withholding taxes required by applicable law, the number of shares of Common Stock underlying the Performance Stock Units to which you become entitled on payment shall be automatically reduced by the Company to cover the applicable minimum statutorily required withholding obligation, except that you may elect to pay some or all of the amount of such obligation in cash in a manner acceptable to the Company. In the event that the amount of tax withholding is automatically reduced, it is the intent of this Agreement that any deemed “sale” of the shares of Common Stock underlying the Performance Stock Units withheld will be exempt from liability under Section 16(b) of the Exchange Act pursuant to Rule 16b-3. Fractional Performance Stock Units shall not vest but shall instead be accumulated for vesting as whole Performance Stock Units in accordance with Company policy, with vesting scheduled to occur on the next succeeding Vesting Date and in no event later than the final Vesting Date. All unscheduled and scheduled blackout periods (each, a “BP”) are determined by the Company. If any shares of Common Stock underlying vested Performance Stock Units are scheduled to be paid during a BP to which you are subject, (i) you will be paid the applicable shares of Common Stock on the scheduled payment date (net of any shares withheld by the Company to pay minimum required taxes), but (ii) you will be unable to sell such shares of Common Stock until the earliest date on which all BPs to which you are subject have expired. Subject to paragraph 5 above, all vesting will occur only on the appropriate Vesting Dates, with no proportionate or partial vesting in the period prior to any such date. Except as otherwise provided in the preceding paragraph, when any Performance Stock Unit becomes vested, the Company (unless it determines a delay is required under applicable law or rules) will, on the payment date described in paragraph 4 above (or promptly thereafter) issue and deliver to you a stock certificate...
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Examples of Peer Group Average in a sentence

  • Source: A.M. Best 2003 2004 2005 2006 2007 2008 Peer Group Average** 0.959 0.934 0.91 0.844 0.841 Industry Combined Ratio 1.001 0.983 1.007 0.925 0.957 1.047 HCC Statutory Combined Ratio* 0.907 0.91 0.926 0.84 0.845 0.851 Strong, Predictable Return on Equity For the period beginning 1/1/04 and ending 6/30/09.

  • We affirm.Charles and Sheila were married on December 18, 1965, in Daviess County, Kentucky.

  • A-1Appendix B: Sample Peer Group Average Reports ............................................................................................................

  • The percent not very satisfied is slightly below the Peer Group Average, on par with the National Average and similar to the 2015 reading.

  • Exhibit 13: 2011-2015 Sault Transit Average Fare Exhibit 14: 2015 Peer Group Average Fare The adult cash fare reported in 2011 (Exhibit 13) was $2.25 while the average fare paid was $1.14.

  • Had the payout percentage not been limited to the maximum percentage that may be earned for the award, the payout percentage would have equaled 219.8%, based on 100% plus two times the TSR percentage difference of approximately 59.9% for the performance period (the TSR percentage difference equals the Amgen TSR of approximately 185.7% less the Peer Group Average TSR of approximately 125.8%).

  • For each calendar quarter UDS' TSR is calculated and compared to the UDS' "Peer Group Average TSR" for the same period (see Chart I).

  • Exhibit 11: 2011-2015 Wasaga Beach Transit Average Fare Exhibit 12: 2015 Peer Group Average Fare The average fare paid by Wasaga Beach Transit passengers increased by 8.7% from $1.61 in 2011 to$1.75 in 2015, which is slightly above the 5.5% increase in transit costs.

  • If the Company's Average RONA is more than one (1) times the Peer Group Average, such percentage shall equal the product of (i) 250% times (ii) a fraction, the numerator of which is the lesser of (A) the Company's Average RONA divided by the Peer Group Average, minus 1, or (B) .5, and the denominator of which is .5.

  • Peer Group Average: 38.13 Source: Capital Markets Vol XXV/22 dated December 27,2010 to January 9,2011, (Industry – Diamond Cutting/jewellery, Miscellaneous * Peer Group includes Titan Industries Limited and Thangamayil Jewellery Limited.


More Definitions of Peer Group Average

Peer Group Average means the average of the Total Shareholder Return for the Peer Companies as of the end of each Plan Cycle. The Total Shareholder Return for the Peer Companies will be computed based on the Total Shareholder Return for each individual Peer Company and the Peer Group Average will be computed on a market capitalization weighted basis. If a Peer Company is eliminated either through acquisition or dissolution, or because of any other reason, during a Plan Cycle, it shall not be included in the computation of Peer Group Average for that Plan Cycle. Further, if two or more Peer Companies are combined, either through merger, consolidation, purchase and sale of assets, or because of any other reason, they shall not be included in the computation of Peer Group Average for that Plan Cycle.
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Peer Group Average applicable to the One-Year Goal and the Three-Year Goals is based on the peer group of companies selected by the Committee prior to the Grant Date and separately communicated to you. The following schedules set forth the Achievement Percentages and Payment Percentages applicable to Performance Stock Units subject to each Performance Goal, in the event that over the Performance Period, the Company’s Total Shareholder Return (as calculated pursuant to the formula described in the Resolution) is negative: Performance Stock Units Subject to One-Year EBIT Margin Goal (25% Weighting) Performance Stock Units Subject to Three-Year Goals (75% Weighting) Three-Year Goals = Three Year ROIC Goal (2/3 Weighting out of 75%) and Three-Year EBIT Margin Goal (1/3 Weighting out of 75%) Achievement Percentage (% of Peer Group Average)2 Payment Percentage of Common Stock Underlying PSUs Achievement Percentage (% of Peer Group Average) Payment Percentage of Common Stock Underlying PSUs 180% or Greater 100% 180% or Greater 100% 145-179% 100% 145-179% 100% 100-144% 100% 100-144% 100% 70-99% 90% 70-99% 90% 60-69% 75% 60-69% 75% 50-59% 50% 50-59% 50% 40-49% 25% 40-49% 25% <40% 0% <40% 0%
Sample 1
Peer Group Average means the arithmetic mean of the Total Shareholder Return between each set of Peer Companies as of the end of the Plan Cycle. The Total Shareholder Return for each set of Peer Companies will be computed based on the Total Shareholder Return for each individual Peer Company, and the average for each set of Peer Companies will be computed on a market capitalization weighted basis. If a Peer Company is eliminated either through acquisition or dissolution, or because of any other reason, then (i) if prior to July 1, 2000, that Peer Company will be disregarded entirely, or (ii) if after June 30, 2000, the Total Shareholder Return for the affected Peer Company will be included in the calculation of Peer Group Average only through the date of elimination, on a prorated basis. If two or more Peer Companies are combined, either through merger, consolidation, purchase and sale of assets, or because of any other reason, then (i) for periods before they are combined, the calculation of Peer Group Average shall be based on the Total Shareholder Return of the individual Peer Companies, and (ii) for periods after they are combined, the calculation of Peer Group Average shall include the Total Shareholder Return of the combined entity, on a prorated basis.
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Related to Peer Group Average

  • Peer Group means the group of companies, as more particularly set forth on attached Exhibit A, against which the Relative Total Shareholder Return of the Company is measured over the Incentive Period.

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • SIFMA Index means the Securities Industry and Financial Markets Association Municipal Swap Index, produced by Municipal Market Data, or if such index is not published, then such other index selected by the Treasurer which reflects the yield of tax-exempt seven-day variable rate demand bonds.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Index Value means, in relation to any Reference Rate Business Day:

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • TSR means total shareholder return.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • TSR Percentile means the percentile ranking of the Company’s TSR among the TSRs for the Comparison Group members for the Performance Period. In determining the Company’s TSR Percentile for the Performance Period, in the event that the Company’s TSR for the Performance Period is equal to the TSR(s) of one or more other Comparison Group members for that same period, the Company’s TSR Percentile ranking will be determined by ranking the Company’s TSR for that period as being greater than such other Comparison Group members.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

  • Average VWAP per Common Unit over a certain period shall mean the arithmetic average of the VWAP per Common Unit for each Trading Day in such period.