Common use of Determination of Payout Percentage Clause in Contracts

Determination of Payout Percentage. As soon as practical following the close of the 2010-2012 Performance Cycle, the Committee shall determine the TSR Percentile Ranking. Thereafter, the Committee shall determine the Payout Percentage as follows: (a) If the TSR Percentile Ranking is below the 25th percentile, the Payout Percentage shall be zero. (b) If the TSR Percentile Ranking is at or above the 25th percentile, the Payout Percentage shall be equal to or less than the TSR Percentile Ranking multiplied by 2. (c) Notwithstanding anything herein to the contrary, if the TSR calculated for the 2010-2012 Performance Cycle is negative, then the Payout Percentage shall not exceed 100%. (d) Notwithstanding anything herein to the contrary, the Committee has sole and absolute authority and discretion to reduce the Payout Percentage as it may deem appropriate.

Determination of Payout Percentage. As soon as practical following the close of the 2010-2012 July 2011 – December 2013 Performance Cycle, the Committee shall determine the TSR Percentile Ranking. Thereafter, the Committee shall determine the Payout Percentage as follows: (a) If the TSR Percentile Ranking is at or below the 25th percentile, the Payout Percentage shall be zero. (b) If the TSR Percentile Ranking is at or above the 25th percentile, the Payout Percentage shall be equal to or less than the TSR Percentile Ranking multiplied by 2. (c) Notwithstanding anything herein to the contrary, if the TSR calculated for the 2010-2012 July 2011 – December 2013 Performance Cycle is negative, then the Payout Percentage shall not exceed 100%. (d) Notwithstanding anything herein to the contrary, the Committee has sole and absolute authority and discretion to reduce the Payout Percentage as it may deem appropriate.

Determination of Payout Percentage. As soon as practical following the close of the 2010-July 2011 – December 2012 Performance Cycle, the Committee shall determine the TSR Percentile Ranking. Thereafter, the Committee shall determine the Payout Percentage as follows: (a) If the TSR Percentile Ranking is at or below the 25th percentile, the Payout Percentage shall be zero. (b) If the TSR Percentile Ranking is at or above the 25th percentile, the Payout Percentage shall be equal to or less than the TSR Percentile Ranking multiplied by 2. (c) Notwithstanding anything herein to the contrary, if the TSR calculated for the 2010-July 2011 – December 2012 Performance Cycle is negative, then the Payout Percentage shall not exceed 100%. (d) Notwithstanding anything herein to the contrary, the Committee has sole and absolute authority and discretion to reduce the Payout Percentage as it may deem appropriate.

Determination of Payout Percentage. As soon as practical following the close of the 20102012-2012 2014 Performance Cycle, the Committee shall determine the TSR Percentile Ranking. Thereafter, the Committee shall determine the Payout Percentage as follows: (a) If the TSR Percentile Ranking is at or below the 25th percentile, the Payout Percentage shall be zero. (b) If the TSR Percentile Ranking is at or above the 25th percentile, the Payout Percentage shall be equal to or less than the TSR Percentile Ranking multiplied by 2. (c) Notwithstanding anything herein to the contrary, if the TSR calculated for the 20102012-2012 2014 Performance Cycle is negative, then the Payout Percentage shall not exceed 100%. (d) Notwithstanding anything herein to the contrary, the Committee has sole and absolute authority and discretion to reduce the Payout Percentage as it may deem appropriate.

Determination of Payout Percentage. As soon as practical following the close of the 2010-2012 Performance Cycle, the Committee shall determine the TSR Percentile Ranking. Thereafter, the Committee shall determine the Payout Percentage as follows: (a) If the TSR Percentile Ranking is below the 25th _th percentile, the Payout Percentage shall be zero. (b) If the TSR Percentile Ranking is at or above the 25th _th percentile, the Payout Percentage shall be equal to or less than the TSR Percentile Ranking multiplied by 2. (c) Notwithstanding anything herein to the contrary, if the TSR calculated for the 2010-2012 Performance Cycle is negative, then the Payout Percentage shall not exceed 100%. (d) Notwithstanding anything herein to the contrary, the Committee has sole and absolute authority and discretion to reduce the Payout Percentage as it may deem appropriate.