Calculation of TSR Clause Samples
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Calculation of TSR. “TSR” as applied to any Index Peer Company means such company’s stock price appreciation from the beginning to the end of the Performance Period, plus dividends and distributions made or declared (assuming such dividends or distributions are reinvested in the common stock of the Index Peer Company) during the Performance Period, expressed as a percentage return. Except as modified in Section G, for purposes of computing TSR for an Index Peer Company, the stock price at the beginning of the Performance Period will be the closing price of a share of common stock of such Index Peer Company on March 1, 2015, and the stock price at the end of the Performance Period will be the average price of a share of common stock of such Index Peer Company over the 30 trading days ending on February 28, 2018, adjusted for stock splits or similar changes in capital structure. • The TSR for an Index Peer Company will be deemed to be -100% if, during the Performance Period, such company: (i) files for bankruptcy, reorganization, or liquidation under any chapter of the U.S. Bankruptcy Code; (ii) is the subject of an involuntary bankruptcy proceeding that is not dismissed within 30 days; (iii) is the subject of a stockholder approved plan of liquidation or dissolution; or (iv) ceases to conduct substantial business operations. • Any Index Peer Company that stops actively trading on a U.S. public securities market or exchange before the end of the Performance Period for reasons unrelated to such a bankruptcy related event (for e.g., due to an acquisition of the Index Peer Company, a going-private transaction, etc.) is excluded from the Index for purposes of the Index TSR calculation.
Calculation of TSR. TSR for each Comparator Company and Middlefield shall be equal to the quotient of (i) divided by (ii), where:
(i) is equal to the sum of (x) and (y) where (x) is the amount by which the “Beginning Stock Price” is greater than or less than the “Ending Stock Price”; and (y) is the sum of all dividends paid on one (1) share of stock during the Performance Period, provided that dividends shall be treated as reinvested on the applicable ex-dividend date; and
(ii) is equal to the Beginning Stock Price. TSR shall be computed to the third decimal place for each Comparator Company and Middlefield.
Calculation of TSR. “TSR” means total stockholder return, which shall be calculated as follows:
Calculation of TSR. [__________]
Calculation of TSR. TSR will be calculated as the change in share price as reported on the applicable exchange, including reinvestment of dividends (assuming dividend reinvestment on the ex-dividend date for any dividends with an ex-dividend date within the Performance Period). The beginning and ending prices for each share (including the Company’s) will be the simple average of the daily closing prices for that share of stock during the thirty (30) trading day period commencing on and immediately following the start of the relevant Performance Period and ending up to and including the date that ends the relevant Performance Period. Appropriate adjustments in the TSR calculations will be made to reflect stock dividends, splits and other transactions affecting the various shares of stock, as determined by the Committee. Companies that are added to the ▇▇▇▇▇▇▇ 3000 Index after the beginning of an applicable Performance Period and companies that cease to be publicly-traded before the end of such Performance Period shall not be considered as part of the Index Group for such Performance Period. Companies that remain publicly-traded as of the end of the applicable Performance Period but cease to be part of the ▇▇▇▇▇▇▇ 3000 Index will be included in the Index Group in respect of such Performance Period.
Calculation of TSR. (a) Relative total shareholder return (“TSR”) means the Company’s TSR relative to the TSR of each Peer Company in the Peer Group (as defined below) or each Reference Company (as defined below), as applicable. At the end of the Performance Period, the TSR for the Company, each Peer Company in the Peer Group and each Reference Company shall be calculated by dividing the Closing Average Share Value (as defined below) by the Opening Average Share Value (as defined below).