Common use of Calculation of Total Shareholder Return Clause in Contracts

Calculation of Total Shareholder Return. At the end of each Performance Period, the total shareholder return (“Total Shareholder Return” or “TSR”) of the Company and each of the Peer Group Companies (as defined below) shall be calculated by dividing (i) the Closing Share Value, as such synonymous term is defined for purposes of the Company’s Long-Term Equity Incentive Program for executive officers approved by the Committee for such year (the “Program”) by (ii) the Opening Share Value, as such synonymous term is defined under the Program. For the avoidance of doubt, for calendar year 2015, “Closing Share Value” and “Opening Share Value” shall equal the simple average closing price per share for each trading day during 2015 and 2014, respectively. The TSR of the Company and each of the Peer Group Companies shall be adjusted to give appropriate effects to any stock splits, reverse stock splits and similar transactions, as determined by the Committee.

Calculation of Total Shareholder Return. At the end of each Performance Period, the total shareholder return (“Total Shareholder Return” or “TSR”) of the Company and each of the Peer Group Companies (as defined below) shall be calculated by dividing (i) the Closing Share Value, as such synonymous term is defined for purposes of the Company’s Long-Term Equity Incentive Program for executive officers approved by the Committee for such year (the “Program”) by (ii) the Opening Share Value, as such synonymous term is defined under the Program. For the avoidance of doubt, for calendar year 20152016, “Closing Share Value” and “Opening Share Value” shall equal the simple average closing price per share for each trading day during 2015 2016 and 20142015, respectively. The TSR of the Company and each of the Peer Group Companies shall be adjusted to give appropriate effects to any stock splits, reverse stock splits and similar transactions, as determined by the Committee.

Calculation of Total Shareholder Return. At the end of each Performance Period, the total shareholder return (“"Total Shareholder Return” " or “"TSR”") of the Company and each of the Peer Group Companies (as defined below) shall be calculated by dividing (i) the Closing Share Value, as such synonymous term is defined for purposes of the Company’s Long-Term Equity Incentive Program for executive officers approved by the Compensation Committee for such year (the “Program”"Program ") by (ii) the Opening Share Value, as such synonymous term is defined under the Program. For the avoidance of doubt, for calendar year 2015, “"Closing Share Value” " and “"Opening Share Value” " shall equal the simple average closing price per share for each trading day during 2015 and 2014, respectively. The TSR of the Company and each of the Peer Group Companies shall be adjusted to give appropriate effects to any stock splits, reverse stock splits and similar transactions, as determined by the Compensation Committee.

Calculation of Total Shareholder Return. At the end of each Performance Period, the total shareholder return (“"Total Shareholder Return” " or “"TSR”") of the Company and each of the Peer Group Companies (as defined below) shall be calculated by dividing (i) the Closing Share Value, as such synonymous term is defined for purposes of the Company’s 's Long-Term Equity Incentive Program for executive officers approved by the Compensation Committee for such year (the “Program”"Program ") by (ii) the Opening Share Value, as such synonymous term is defined under the Program. For the avoidance of doubt, for calendar year 20152016, “"Closing Share Value” " and “"Opening Share Value” " shall equal the simple average closing price per share for each trading day during 2015 2016 and 20142015, respectively. The TSR of the Company and each of the Peer Group Companies shall be adjusted to give appropriate effects to any stock splits, reverse stock splits and similar transactions, as determined by the Compensation Committee.