Common use of TSR Clause in Contracts

TSR. Vesting and payment of the TSR Target Award shall be subject to achievement by the Company as of the last trading day prior to the end of the applicable Performance Period of the TSR Target Goal, as defined and calculated in accordance with Section 11 hereof, according to the following table: Threshold Goal Not less than the 25th percentile 50% The number of PSUs that will vest if the Committee determines and certifies the Company’s achievement of a TSR performance level between TSR Performance Goals will be determined by linear interpolation.

Appears in 2 contracts

Sources: Performance Share Unit Award Agreement (SemGroup Corp), Performance Share Unit Award Agreement (SemGroup Corp)