Common use of Initial Performance Shares Clause in Contracts

Initial Performance Shares. The Performance Opportunity initially will equal a number of Performance Shares determined by dividing the Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).

Initial Performance Shares. The 2014-2016 Performance Opportunity initially will equal a number of Performance Shares determined by dividing the 2014-2016 Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).

Initial Performance Shares. The 2013-2015 Performance Opportunity initially will equal a number of Performance Shares determined by dividing the 2013-2015 Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).

Initial Performance Shares. The _____________ Performance Opportunity initially will equal a number of Performance Shares determined by dividing the _____________ Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).

Initial Performance Shares. The 2015-2017 Performance Opportunity initially will equal a number of Performance Shares determined by dividing the 2015-2017 Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).