Common use of TSR Modifier Clause in Contracts

TSR Modifier. To determine the “Final Earned PSUs,” the Preliminary Earned PSUs (as determined in Section 3(a)) may be increased or decreased by up to 25% of the Target Award based on the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group for the Performance Period in accordance with the following matrix: 1-2 +25% 3-4 +12.5% 5 No Change 6-7 -12.5% 8-9 -25%

Appears in 2 contracts

Sources: Performance Share Unit Agreement (Freeport-McMoran Inc), Performance Share Unit Agreement (Freeport-McMoran Inc)

TSR Modifier. To determine the “Final Earned PSUs,” the Preliminary Earned PSUs (as determined in Section 3(a2(a)) may be increased or decreased by up to 25% of the Target Award based on the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group for the Performance Period in accordance with the following matrix: . 1-2 3 +25% 34-4 +12.5% 5 6 No Change 6-7 -12.5% 87-9 -25%

Appears in 1 contract

Sources: Performance Share Unit Agreement (Freeport-McMoran Inc)

TSR Modifier. To determine the “Final Earned PSUs,” the Preliminary Earned PSUs (as determined in Section 3(a)) may be increased or decreased by up to 25% of the Target Award based on the Company’s Total Shareholder Return relative to the Total Shareholder Return of the Peer Group for the Performance Period in accordance with the following matrix: 1-2 3 +25% 34-4 +12.5% 5 6 No Change 6-7 -12.5% 87-9 -25%

Appears in 1 contract

Sources: Performance Share Unit Agreement (Freeport-McMoran Inc)