Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Samples: Performance Share Agreement (Joy Global Inc), Performance Share Agreement (Joy Global Inc)
Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2009 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM.
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2010 Program for whom the Performance Goal was average diluted EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM.
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2013 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant Employee under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2013 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2006 Program for whom the Performance Goal was average EPSEBIT Margin. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM2
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant Employee under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2015 Program for whom the Performance Goal was average EPSOperating Leverage and Earnings Per Share. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant Employee under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2014 Program for whom the Performance Goal was average EPSOperating Leverage and Earnings Per Share. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2011 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAM
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Determination of Performance Shares Earned. If Average Return on Equity for the Award Cycle equals or exceeds 10% for the Award Cycle, the number of Performance Shares Earned distributable to the Participant under the Agreement shall be (a) 180% of the Target Number of Performance Shares or (b) at the discretion of the Committee, any lower number that, expressed as a percentage of the Target Number of Performance Shares, is not less than the percentage of target number of performance shares generally awarded to participants in the 2012 2008 Program for whom the Performance Goal was average EPS. EXHIBIT 2 EXECUTIVE LEADERSHIP TEAMEBIT Margin.
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