Common use of Payout Matrix Clause in Contracts

Payout Matrix. The Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below. (a) 20% of the Participant’s Target Award Opportunity shall be determined based on annual FCF performance for each of the 2021, 2022 and 2023 calendar years (for a total of 60% of the Participant’s Target Award Opportunity), as set forth in the chart below: % Earned 50% 100% 200% (capped) (b) 40% of the Participant’s Target Award Opportunity shall be determined based on the three-year cumulative FCF performance as set forth in the chart below: % Earned 50% 100% 200% (capped) Linear interpolation shall be used to determine the percent of the Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s FCF for any annual period or the three-year cumulative period falls between the percentages listed in the charts above.

Payout Matrix. The Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below.: (a) 2015% of the Participant’s Target Award Opportunity shall be determined based on annual FCF performance for each of the 20212024, 2022 2025 and 2023 2026 calendar years (for a total of 6045% of the Participant’s Target Award Opportunity), as set forth in the chart below: % Earned 500% 100% 200% (capped) (b) 4055% of the Participant’s Target Award Opportunity shall be determined based on the three-year cumulative FCF performance as set forth in the chart below: % Earned 500% 100% 200% (capped) Linear interpolation shall be used to determine the percent of the Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s FCF for any annual period or the three-year cumulative period falls between the percentages listed in the charts above.

Payout Matrix. The Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below.: (a) 20% of the Participant’s Target Award Opportunity shall be determined based on annual FCF performance for each of the 2021, 2022 and 2023 calendar years (for a total of 60% of the Participant’s Target Award Opportunity), as set forth in the chart below: % Earned 50% 100% 200% (capped) (b) 40% of the Participant’s Target Award Opportunity shall be determined based on the three-year cumulative FCF performance as set forth in the chart below: % Earned 50% 100% 200% (capped) Linear interpolation shall be used to determine the percent of the Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s FCF for any annual period or the three-year cumulative period falls between the percentages listed in the charts above.

Payout Matrix. The Participant shall earn the percentage of the Target Award Opportunity that corresponds to the achieved performance goal for the Performance Period as set forth below. (a) 2015% of the Participant’s Target Award Opportunity shall be determined based on annual FCF performance for each of the 20212024, 2022 2025 and 2023 2026 calendar years (for a total of 6045% of the Participant’s Target Award Opportunity), as set forth in the chart below: % Earned 500% 100% 200% (capped) (b) 4055% of the Participant’s Target Award Opportunity shall be determined based on the three-year cumulative FCF performance as set forth in the chart below: % Earned 500% 100% 200% (capped) Linear interpolation shall be used to determine the percent of the Target Award Opportunity earned above the Threshold or below the Maximum, in the event that the Company’s FCF for any annual period or the three-year cumulative period falls between the percentages listed in the charts above.