Common use of Form of Payment and Vesting Clause in Contracts

Form of Payment and Vesting. The Performance Award shall represent the right to receive, on the first business day following the Vesting Date, if and to the extent that the Committee determines after the applicable year-end audit that a number of shares of Common Stock equal to a multiple of the Total Target Performance Award (as set forth above), as determined in accordance with Exhibit A hereto have been earned and, except as provided in Paragraph 4 of this Award Agreement, provided that the Participant is employed by the Company or one of its Subsidiaries through the Vesting Date. Notwithstanding the above, earned shares of Common Stock shall be treated as delivered on the first business day following the Vesting Date (the “Delivery Date”) provided that they are delivered on a date following the Delivery Date that is in the same calendar year as the Delivery Date or, if later, by the fifteenth day of the third calendar month following the Delivery Date. Any portion of the Performance Award that could have been earned in accordance with the provisions of Exhibit A that is not earned as of the Vesting Date, as determined by the Committee, shall be immediately forfeited.

Form of Payment and Vesting. The Performance Award shall represent the right to receive, on the first business day following the last day of the Performance Period (the “Vesting Date”), if and to the extent that the Committee (or such individuals or entity designated by the Committee) determines after the applicable year-end audit that a number of shares of Common Company Stock equal to a multiple of the Total Target Performance Award (as set forth above), as determined in accordance with Exhibit A hereto have been earned andearned, and except as provided in Paragraph 4 of this Award Agreement, provided that the Participant is employed by the Company or one of its Subsidiaries through the Vesting Date. Notwithstanding the above, earned shares of Common Company Stock shall be treated as delivered on the first business day following the Vesting Date (the “Delivery Date”) provided that they are delivered on a date following the Delivery Date that is in the same calendar year as the Delivery Date or, if later, by the fifteenth day of the third calendar month following the Delivery Date. Any portion of the Performance Award that could have been earned in accordance with the provisions of Exhibit A that is not earned as of the Vesting Date, as determined by the CommitteeCommittee (or its designee), shall be immediately forfeited.

Form of Payment and Vesting. The Performance Award shall represent the right to receive, on the first business day following the Vesting Date, if and to the extent that the Committee determines after the applicable year-end audit that a number of shares of Common Company Stock equal to a multiple of the Total Target Performance Award (as set forth above), as determined in accordance with Exhibit A hereto have been earned andearned, and except as provided in Paragraph 4 of this Award Agreement, provided that the Participant is employed by the Company or one of its Subsidiaries through the Vesting Date. Notwithstanding the above, earned shares of Common Company Stock shall be treated as delivered on the first business day following the Vesting Date (the “Delivery Date”) provided that they are delivered on a date following the Delivery Date that is in the same calendar year as the Delivery Date or, if later, by the fifteenth day of the third calendar month following the Delivery Date. Any portion of the Performance Award that could have been earned in accordance with the provisions of Exhibit A that is not earned as of the Vesting Date, as determined by the Committee, shall be immediately forfeited.

Form of Payment and Vesting. The Performance Award shall represent the right to receive, on the first business day following the last day of the Performance Period (the “Vesting Date”), if and to the extent that the Committee (or such individuals or entity designated by the Committee) determines after the applicable year-end audit that a number of shares of Common Company Stock equal to a multiple of the Total Target Performance Award (as set forth above), as determined in accordance with Exhibit A hereto hereto, have been earned andearned, and except as provided in Paragraph 4 of this Award Agreement, provided that the Participant is employed by the Company or one of its Subsidiaries through the Vesting Date. Notwithstanding the above, earned shares of Common Company Stock shall be treated as delivered on the first business day following the Vesting Date (the “Delivery Date”) provided that they are delivered on a date following the Delivery Date that is in the same calendar year as the Delivery Date or, if later, by the fifteenth day of the third calendar month following the Delivery Date. Any portion of the Performance Award that could have been earned in accordance with the provisions of Exhibit A that is not earned as of the Vesting Date, as determined by the CommitteeCommittee (or its designee), shall be immediately forfeited.