Common use of Performance Criterion Clause in Contracts

Performance Criterion. The Performance Criterion applicable to the award is total shareholder return, or “TSR” as more fully described in your Notice of Award. In determining the actual number of Shares to be paid out pursuant to this Exhibit A on the Vesting Date, the Committee will determine the Company’s TSR over the Performance Period and compare such number against the TSRs for the companies included in the “Peer Group” defined in your Notice of Award. The performance and payout scale is set forth in your Notice of Award. Promptly after the end of the Performance Period, and in any event, within 2 ½ months after the end of the Performance Period, the Committee shall determine the Company’s performance against the Peer Group and the number of Shares to be paid out upon vesting.

Appears in 2 contracts

Sources: Performance Unit Agreement (Packaging Corp of America), Performance Unit Agreement (Packaging Corp of America)