Common use of Determination of TSR Clause in Contracts

Determination of TSR. The TSR for each Peer Group Member for the Performance Period is determined as follows: TSR = [(EP + CD)/BP)] - 1, where: Ending Price (EP) – equals the relevant company or index’s Fourth Quarter VWAP for the quarter ending on December 31, 20__. In the event that a Change of Control occurs during the Performance Period, the Ending Price of the Company shall be determined by the Committee. Beginning Price (BP) – equals the relevant company or index’s Fourth Quarter VWAP for the quarter ending on December 31, 20__. Cash Dividends (CD) – equals the total of all cash dividends paid on a share of the relevant company or index’s common stock during the Performance Period. For the avoidance of doubt, the TSR calculation for Peer Group Members that are indices will be based on the composite index return for such index.