Common use of Calculation of TSR Clause in Contracts

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.