Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) below, TSR for a company, including the Company, will be: (a) Average Share Price for the last twenty (20) business days of the Performance Period, minus (b) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period, plus (c) Dividends (cash or stock based on ex-dividend date) paid per share of company common stock over the Performance Period, the total of (a), (b) and (c) is divided by (d) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period.
Appears in 2 contracts
Sources: Performance Share Agreement (Petroleum Development Corp), Performance Share Agreement (Petroleum Development Corp)
Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections Section 2.8 and 2.9(a) below, TSR for a company, including the Company, will be:
(a) a. The result of:
i. Average Share Price for the last twenty (20) business days of the Performance Period, minus
(b) ii. Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period, plus
(c) iii. Dividends (cash or stock based on ex-dividend date) paid per share of company common stock over the Performance Period, the total of (a), (b) and (c) is divided by,
(d) b. Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period.
Appears in 2 contracts
Sources: Performance Share Agreement (PDC Energy, Inc.), Performance Share Agreement (PDC Energy, Inc.)
Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) below, TSR for a company, including the Company, will be:
(a) The result of:
(i) Average Share Price for the last twenty (20) business days of the Performance Period, minus
(bii) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period, plus
(ciii) Dividends (cash or stock based on ex-dividend date) paid per share of company common stock over the Performance Period, the total of (a), ,
(b) and (c) is divided by
(d) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period.
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