Common use of Payment for Performance Shares Clause in Contracts

Payment for Performance Shares. (1) As soon as administratively practicable after the end of the Performance Period, the Committee shall determine the level attained for each Performance Measure. At such time, the Participant shall be awarded the final number of Performance Shares as determined under Section A(4). Each final Performance Share represents one Share. Each Performance Share shall be paid as soon as administratively practicable following the end of the Performance Period, but in any event not later than March 15, 2009 (the "Payment Date"). (2) The final Performance Shares may be paid in Shares, in cash in an amount equal to the number of final Performance Shares multiplied by the Fair Market Value of a Share as of the last day of the Performance Period, or in a combination of cash and Shares, as determined by the Committee. (3) If during the Performance Period dividends with respect to Shares are declared or paid by the Company, the Participant shall be entitled to receive dividend equivalents in an amount equal to the cumulative dividends declared or paid on a Share during the Performance Period multiplied by the number of final Performance Shares awarded to the Participant. Subject to Section F, the dividend equivalents shall be paid in cash on the Payment Date. If the Participant's employment terminates during the Performance Period for any reason set forth in Sections C(1) or C(2) of this Award Agreement or if a Change of Control occurs, the Participant shall be entitled to receive dividend equivalents in an amount equal to (i) the cumulative dividends declared or paid on a Share during the period beginning on the first day of the Performance Period and ending on the last day of the month during which the termination of employment or Change of Control, as applicable, occurs multiplied by (ii) the number of final Performance Shares. (4) A Participant may elect to defer the payment of Shares or cash pursuant to Sections B(1), B(2) and B(3) above as provided in Section F of this Award Agreement.

Payment for Performance Shares. (1) As soon as administratively practicable after the end of the Performance Period, the Committee shall determine the level attained for each Performance Measure. At such time, the Participant shall be awarded the final number of Performance Shares as determined under Section A(4). Each final Performance Share represents the unsecured right to receive one Share. Each Performance Share shall be paid as soon as administratively practicable following the end of the Performance Period, but in any event not later than March 15, 2009 2010 (the "Payment Date"). (2) The final Performance Shares may be paid in Shares, in cash in an amount equal to the number of final Performance Shares multiplied by the Fair Market Value of a Share as of the last day of the Performance Period, or in a combination of cash and Shares, as determined by the Committee. (3) If during the Performance Period dividends with respect to Shares are declared or paid by the Company, the Participant shall be entitled to receive dividend equivalents in an amount equal to the cumulative dividends declared or paid on a Share during the Performance Period multiplied by the number of final Performance Shares awarded to the Participant. Subject to Section F, the dividend equivalents shall be paid in cash on the Payment Date. If the Participant's employment terminates during the Performance Period for any reason set forth in Sections Section C(1) or C(2) of this Award Agreement or if a Change of Control occurs, the Participant shall be entitled to receive dividend equivalents in an amount equal to (i) the cumulative dividends declared or paid on a Share during the period beginning on the first day of the Performance Period and ending on the last day of the month during which the termination of employment or Change of Control, as applicable, occurs multiplied by (ii) the number of final Performance Shares. (4) A Participant may elect to defer the payment of Shares or cash pursuant to Sections B(1), B(2) and B(3) above as provided in Section F of this Award Agreement.

Payment for Performance Shares. (1) As soon as administratively practicable after the end of the Performance Period, the Committee shall determine the level attained for each Performance Measure. At such time, the Participant shall be awarded the final number of Performance Shares as determined under Section A(4). Each final Performance Share represents one Share. Each Performance Share shall be paid as soon as administratively practicable following the end of the Performance Period, but in any event not later than March 15, 2009 (the "Payment Date"). (2) The final Performance Shares may be paid in Shares, in cash in an amount equal to the number of final Performance Shares multiplied by the Fair Market Value of a Share as of the last day of the Performance Period, or in a combination of cash and Shares, as determined by the Committee. (3) If during the Performance Period dividends with respect to Shares are declared or paid by the Company, the Participant shall be entitled to receive dividend equivalents in an amount equal to the cumulative dividends declared or paid on a Share during the Performance Period multiplied by the number of final Performance Shares awarded to the Participant. Subject to Section F, the dividend equivalents shall be paid in cash on the Payment Date. If the Participant's employment terminates during the Performance Period for any reason set forth in Sections Section C(1) or C(2) of this Award Agreement or if a Change of Control occurs, the Participant shall be entitled to receive dividend equivalents in an amount equal to (i) the cumulative dividends declared or paid on a Share during the period beginning on the first day of the Performance Period and ending on the last day of the month during which the termination of employment or Change of Control, as applicable, occurs multiplied by (ii) the number of final Performance Shares. (4) A Participant may elect to defer the payment of Shares or cash pursuant to Sections B(1), B(2) and B(3) above as provided in Section F of this Award Agreement.

Payment for Performance Shares. (1) As soon as administratively practicable after the end of the Performance Period, the Committee shall determine the level attained for each Performance Measure. At such time, the Participant shall be awarded the final number of Performance Shares as determined under Section A(4). Each final Performance Share represents the unsecured right to receive one Share. Each Performance Share shall be paid as soon as administratively practicable following the end of the Performance Period, but in any event not later than March 15, 2009 2010 (the "Payment Date"). (2) The final Performance Shares may be paid in Shares, in cash in an amount equal to the number of final Performance Shares multiplied by the Fair Market Value of a Share as of the last day of the Performance Period, or in a combination of cash and Shares, as determined by the Committee. (3) If during the Performance Period dividends with respect to Shares are declared or paid by the Company, the Participant shall be entitled to receive dividend equivalents in an amount equal to the cumulative dividends declared or paid on a Share during the Performance Period multiplied by the number of final Performance Shares awarded to the Participant. Subject to Section F, the dividend equivalents shall be paid in cash on the Payment Date. If the Participant's employment terminates during the Performance Period for any reason set forth in Sections C(1) or C(2) of this Award Agreement or if a Change of Control occurs, the Participant shall be entitled to receive dividend equivalents in an amount equal to (i) the cumulative dividends declared or paid on a Share during the period beginning on the first day of the Performance Period and ending on the last day of the month during which the termination of employment or Change of Control, as applicable, occurs multiplied by (ii) the number of final Performance Shares. (4) A Participant may elect to defer the payment of Shares or cash pursuant to Sections B(1), B(2) and B(3) above as provided in Section F of this Award Agreement.