Common use of Determination of Award Clause in Contracts

Determination of Award. Following the end of the Performance Period, the Committee will certify the payout percentage for each target award for each applicable performance period. The PSUs subject to vesting during the applicable performance period will, together with their associated dividend equivalents, be automatically forfeited if the Company’s performance during such applicable performance period does not meet or exceed the 30th percentile. Performance at or above the threshold level will result in PSUs becoming vested as set forth below, and shares underlying such vested PSUs shall be distributed following completion of the certification described above.

Determination of Award. Following the end of each of the Tranche 1 Performance Period and the Tranche 2 Performance Period, the Committee will certify the payout percentage for each target award for each applicable performance period. The PSUs subject to vesting during the applicable performance period will, together with their associated dividend equivalents, be automatically forfeited if the Company’s performance during such applicable performance period does not meet or exceed the 30th percentile. Performance at or above the threshold level will result in PSUs becoming vested as set forth below, and shares underlying such vested PSUs shall be distributed following completion of the certification described above.

Determination of Award. Following the end of each of the Tranche 1 Performance Period and the Tranche 2 Performance Period, the Committee will certify the payout percentage for each target award for each applicable performance period. The PSUs subject to vesting during the applicable performance period will, together with their associated dividend equivalents, will be automatically forfeited if the Company’s performance during such applicable performance period does not meet or exceed the 30th percentile. Performance at or above the threshold level will result in PSUs becoming vested as set forth below, and shares underlying such vested PSUs shall be distributed following completion of the certification described above.