Common use of Lapsing of Restrictions Clause in Contracts

Lapsing of Restrictions. The restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. Restricted Units for which the restrictions lapse in accordance with Appendix A shall be converted into shares of the Corporation's Common Stock and distributed to the Grantee after the Compensation Committee certification with respect to the Company's performance as described in Section 6. The Grantee may make a deferral election in accordance with the Corporation's Deferred Compensation Plan with respect to any shares that are earned under this Agreement.

Lapsing of Restrictions. The restrictions applicable to the Restricted Units shall lapse only upon the achievement of the performance targets defined in Appendix A in accordance with the schedule set forth in Appendix A. Restricted Units for which the restrictions lapse in accordance with Appendix A shall be converted into shares of the Corporation's ’s Common Stock and distributed to the Grantee after the Compensation Committee certification with respect to the Company's ’s performance as described in Section 6. The Grantee may make a deferral election in accordance with the Corporation's ’s Deferred Compensation Plan with respect to any shares that are earned under this Agreement.