TSR Target Share Amount. The “TSR Payout Factor” is based on the Company’s TSR for the Performance Period relative to the TSR for each of the Peer Group Companies (as hereinafter weighted and defined), determined in accordance with the following table: If Company’s TSR Percentile Rank against thePeer Group Companies is TSR Payout Factor(% of Target Award) less than the 40th percentile 0% at the 40th percentile 25% at the 50th percentile 50% at the 70th percentile 100% at the 90th percentile or higher 200%
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Sources: TSR Award Agreement (Covanta Holding Corp), TSR Award Agreement (Covanta Holding Corp)
TSR Target Share Amount. The “TSR Payout Factor” is based on the Company’s 's TSR for the Performance Period relative to the TSR for each of the Peer Group Companies (as hereinafter weighted and defined), determined in accordance with the following table: If Company’s 's TSR Percentile Rank against thePeer Group Companies is TSR Payout Factor(% of Target Award) less than the 40th percentile 0—% at the 40th percentile 25% at the 50th percentile 50% at the 70th percentile 100% at the 90th percentile or higher 200%
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