Peer TSR definition
Peer TSR means the total percentage return per share achieved by the stock of each company in the Peer Set over the Performance Cycle, assuming contemporaneous reinvestment in such stock of all dividends and other distributions at the closing price of one share of such stock on the date such dividend or other distribution was paid, based on the Peer Initial Stock Price and the Peer Final Stock Price for each company in the Peer Set.
Peer TSR means the total shareholder return of the respective S&P/TSX Equal Weight Global Base Metals Index constituents, calculated in the manner determined by the Board, based on the appreciation in the price of the applicable securities on the relevant listing as used by the Index during the Performance Period, plus the value of any distributions or dividends on such securities during the Performance Period (which shall be deemed to have been reinvested in additional securities effective on the distribution or dividend date based on the closing price of such securities for purpose of measuring Peer TSR). The starting Peer TSR will be calculated using the 40-trading day trailing volume weighted average price of the shares of the respective S&P/TSX Equal Weight Global Base Metals Index constituents on the first day of the Performance Period, and the ending Peer TSR will be calculated using the 40-trading day trailing volume weighted average price of the shares of the respective S&P/TSX Equal Weight Global Base Metals Index constituents on the last day of the Performance Period. • For a company to be included as a peer for relative TSR calculation purposes, it must be a constituent of the S&P/TSX Equal Weight Global Base Metals Index for the entirety of the Performance Period. For clarity, if a company is added to the S&P/TSX Equal Weight Global Base Metals Index after the beginning of the Performance Period, or is removed from the S&P/TSX Equal Weight Global Base Metals Index prior to the end of the Performance Period, it will not be included for relative TSR comparison purposes. • In determining the Company’s share price and those of the constituents of the S&P/TSX Equal Weight Global Base Metals Index at the beginning and end of the Performance Period, a forty-day (40) trailing volume weighted average price will be used. • The Performance Multiplier will have a range of 0x to 2x for the performance levels as set out in the table below: 75th percentile IE TSR or higher versus Index constituents (Peer TSR) 2x (Maximum Number of PSUs) 50th percentile IE TSR versus Index constituents (Peer TSR) 1x (Target Number of PSUs) Below 25th percentile IE TSR versus Index constituents (Peer TSR) 0x The Performance Multiplier for Relative TSR between the numbers set out above is interpolated on a linear basis. The Board may apply additional adjustments to the Performance Multiplier in extreme circumstances where the outcome is inconsistent with the intent of the Plan. Notwiths...
Peer TSR means the total shareholder return of the applicable member of the Peer Group during the applicable Performance Period, expressed as a percentage, and calculated as (A) divided by (B) multiplied by (C), where:
Examples of Peer TSR in a sentence
If the Company TSR is equal to or above the 75th percentile (“maximum”) of the Peer TSR, then the Financial Goals Percentage will be multiplied by 120%.
If the Company TSR is equal to the 50th percentile (“target”) of the Peer TSR, then the Financial Goals Percentage will be multiplied by 100%.
Peer TSR Payout as a percentage of target 25th percentile 50% 50th percentile 100% 75th percentile 150% •If the TSR metric is negative, that measure will not payout above “100% of target” •Performance between threshold and target, and between target and maximum, will be awarded using straight line interpolation.