Common use of Form and Timing of Payment of Performance Shares Clause in Contracts

Form and Timing of Payment of Performance Shares. Payment of earned Performance Shares shall be as determined by the Committee. Subject to the terms of the Plan, the Committee, in its sole discretion, may pay earned Performance Shares in the form of cash or in shares of Common Stock (or in a combination thereof) equal to the value of the earned Performance Shares at the close of the applicable Performance Period. Any shares of Common Stock may be granted subject to any restrictions deemed appropriate by the Committee.

Form and Timing of Payment of Performance Shares. Payment of earned Performance Shares shall be as determined by the CommitteeCommittee . Subject to the terms of the Plan, the Committee, in its sole discretion, may pay earned Performance Shares in the form of cash or in shares of Common Stock Shares (or in a combination thereof) equal to the value of the earned Performance Shares at the close of the applicable Performance Period. Any shares of Common Stock Shares may be granted subject to any restrictions deemed appropriate by the Committee.