Earned Awards. Following the close of each Performance Period and prior to payment of any amount to any Participant under the Plan, the Committee must certify in writing as to the computation of the Annual Bonus Pool Award. As provided for in the Plan, the maximum Annual Bonus Pool Award which may be awarded to the Participant pursuant to the Plan with respect to any Performance Period shall not exceed $1,500,000.
Earned Awards. As soon as practicable after the end of the Performance Period, the extent to which the Performance Objectives relating to such Performance Period have been met shall be determined in writing by the Committee. As provided for in the Plan, the maximum Annual Bonus Award which may be awarded to the Participant pursuant to the Plan with respect to any performance period shall not exceed $1,500,000.
Earned Awards. The Performance Unit Award shall be eligible to vest based on the achievement of the performance criteria set forth on Exhibit A (the “Performance Criteria”), as measured over the period beginning on January 1, 2018 and ending on December 31, 2020 (the “Performance Period”). The portion of the Performance Unit Award, if any, for which the Performance Criteria have been achieved is referred to herein as the “Earned Award.” Subject to certification by the Committee pursuant to Section 3(b) below, shares shall be settled and delivered (provided that such delivery is otherwise in accordance with federal and state securities laws) with respect to the Earned Award as soon as practicable following vesting, but in no event later than March 15 of the calendar year following the calendar year in which vesting occurs (the date on which settlement occurs, the “Settlement Date”).
Earned Awards. As soon as practicable following each Valuation Date, but as of the applicable Valuation Date, the Committee will determine:
Earned Awards. Following December 31, 2015 and prior to payment of any amount to any Participant under the Plan, the Committee must certify in writing as to the computation of the annual bonus award.
Earned Awards. At the end of the Performance Period, the Committee shall determine Participant’s Earned Award for such period by reference to the following performance matrix: Performance Share Program - Performance Standards Earned Award Payout 50 % 50 % 100 % 200 % ROIC % % % % If, at the end of the Performance Period, at least the minimum performance level has been attained, the Earned Award (as defined in Section 18 below) will be vested and will be distributed as soon as practicable to Participant. To the extent that the Earned Award payout level attained is less than 100%, the difference between 100% and the Earned Award distributed, if any (the “Unearned Award”), shall be forfeited. Notwithstanding the above, a Contingent Award shall become fully vested and be distributed to the Participant, irrespective of the limitations set forth above, upon the occurrence of a Change of Control (as defined in Section 13 below).
Earned Awards. As soon as practicable after the end of the Measurement Period, a determination shall be made by the Committee of the number of whole Adjusted ROIC Performance Units that Participant has earned. The date as of which the Committee determines the number of Adjusted ROIC Performance Units earned shall be the “Award Date.”
Earned Awards. As soon as practicable after the end of the Measurement Period, a determination shall be made by the Committee of the number of whole TSR Performance Units that Participant has earned. The date as of which the Committee determines the number of TSR Performance Units earned shall be the “Award Date.”
