Common use of Calculation of Company TSR Percentile Ranking Clause in Contracts

Calculation of Company TSR Percentile Ranking. The Company shall determine (A) the Company’s TSR for the Performance Period and (B) the TSR for the Performance Period of each company that was in the Restaurant Peer Group as set forth on Exhibit A (the “Peer Group”). If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to bankruptcy at any point during the Performance Period, then such company or companies shall have the lowest ranking in the Peer Group. If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to a going private transaction at any point during the Performance Period, then such company or companies shall be removed from the Peer Group. The Committee can make appropriate adjustments in the event that a company or companies in the Peer Group are acquired by another company. The Company TSR Percentile Ranking is the percentage of TSRs of the companies in the Peer Group (after reflecting adjustments as described in the preceding sentence) that are lower than the Company’s TSR.

Appears in 2 contracts

Sources: Long Term Performance Unit Award Agreement (Wendy's/Arby's Restaurants, LLC), Long Term Performance Unit Award Agreement (Wendy's/Arby's Group, Inc.)

Calculation of Company TSR Percentile Ranking. The Company shall determine (A) the Company’s 's TSR for the Performance Period and (B) the TSR for the Performance Period of each company that was in the Restaurant Peer Group as set forth on Exhibit A previously determined by the Committee for purposes of this Award (the “Peer Group”). If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to bankruptcy at any point during the Performance Period, then such company or companies shall have the lowest ranking in the Peer Group. If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to a going private transaction at any point during the Performance Period, then such company or companies shall be removed from the Peer Group. The Committee can make appropriate adjustments in the event that a company or companies in the Peer Group are acquired by another company. The Company TSR Percentile Ranking is the percentage of TSRs of the companies in the Peer Group (after reflecting adjustments as described in the preceding sentence) that are lower than the Company’s 's TSR.

Appears in 1 contract

Sources: Long Term Performance Unit Award Agreement (Wendy's Co)

Calculation of Company TSR Percentile Ranking. The Company shall determine (A) the Company’s 's TSR for the Performance Period and (B) the TSR for the Performance Period of each company that was in the Restaurant Peer Group as set forth on Exhibit A (the “Peer Group”). If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to bankruptcy at any point during the Performance Period, then such company or companies shall have the lowest ranking in the Peer Group. If a company or companies in the Peer Group ceases to trade for more than 20 consecutive days on a national securities exchange due to a going private transaction at any point during the Performance Period, then such company or companies shall be removed from the Peer Group. The Committee can make appropriate adjustments in the event that a company or companies in the Peer Group are acquired by another company. The Company TSR Percentile Ranking is the percentage of TSRs of the companies in the Peer Group (after reflecting adjustments as described in the preceding sentence) that are lower than the Company’s 's TSR.

Appears in 1 contract

Sources: Long Term Performance Unit Award Agreement (Wendy's Restaurants, LLC)