Common use of Determination of Earned Award Clause in Contracts

Determination of Earned Award. At the end of each Performance Cycle, the Committee will determine whether the performance goals for each Performance Goal Category for that cycle have been achieved, and will determine, in its sole discretion, the award amount that you will receive for each Performance Goal Category as follows: (a) If the Committee determines that all of the performance goals for a Performance Goal Category have been achieved, you will receive an award amount for that Performance Goal Category that will be no less than the Target Award Amount Fraction for that Performance Goal Category, but no more than 150% of the Target Award Amount Fraction for that Performance Goal Category. (b) If the Committee determines that all of the performance goals for a Performance Goal Category have not been achieved, you will receive an award amount for that Performance Goal Category that will be no less than 50% of the Target Award Amount Fraction for that Performance Goal Category, but no more than 150% of the Target Award Amount Fraction for that Performance Goal Category The aforementioned award amounts determined by the Committee are collectively referred to herein as the “Earned Award.”

Determination of Earned Award. At the end of each Performance Cycle, the Committee will determine whether the performance goals for each Performance Goal Category for that cycle have been achieved, and will determine, in its sole discretion, the award amount that you will receive for each Performance Goal Category as follows: (a) If the Committee determines that all of the performance goals for a Performance Goal Category have been achieved, you will receive an award amount for that Performance Goal Category that will be no less than the Target Award Amount Fraction for that Performance Goal Category, but no more than 150120% of the Target Award Amount Fraction for that Performance Goal Category. (b) If the Committee determines that all of the performance goals for a Performance Goal Category have not been achieved, you will receive an award amount for that Performance Goal Category that will be no less than 5080% of the Target Award Amount Fraction for that Performance Goal Category, but no more than 150120% of the Target Award Amount Fraction for that Performance Goal Category The aforementioned award amounts determined by the Committee are collectively referred to herein as the “Earned Award.”