Comparison of Total Shareholder Return. Except as provided in Section 5, the Performance Units covered by the Award shall be deemed earned based on where the Corporation’s total shareholder return during the Performance Cycle ranks in relation to the total shareholder returns of the S&P 500 Comparison Companies and the Peer Group Comparison Companies, as applicable, during such period. For purposes of calculating the total shareholder return of the Corporation and the S&P 500 Comparison Companies and the Peer Group Comparison Companies, as applicable, during the Performance Cycle, the value of each such Corporation’s
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Comparison of Total Shareholder Return. Except as provided in Section 5, the Performance Units Shares covered by the Award shall be deemed earned based on where the Corporation’s total shareholder return during the Performance Cycle ranks in relation to the total shareholder returns of the S&P 500 Comparison Companies and the Peer Group Comparison Companies, as applicable, during such period. For purposes of calculating the total shareholder return of the Corporation and the S&P 500 Comparison Companies and the Peer Group Comparison Companies, as applicable, during the Performance Cycle, the value of each such Corporation’scompany’s stock at the beginning and end of the Performance Cycle shall be established based on the average of the averages of
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