Common use of Payout Range Clause in Contracts

Payout Range. The percentage of earned Performance Share Units that will ultimately vest will range from 0% to 200% based upon the final positioning of the Company’s TSR relative to the median of the Peer Companies at the end of the Performance Period. Notwithstanding the foregoing, if the Company’s TSR during the Performance Period is negative, the percentage of earned Performance Share Units shall not exceed 100%. The payout scale below shows the Award vesting percentage at percentile performance points from <25th to 99th at 5 percentile point increments. Final Vesting of Performance Share Awards will be interpolated and will be expressed as a full percentage point ranging from 0% to 200%. Percentile Performance Payout 99th 200% 95th 190% 90th 180% 85th 170% 80th 160% 75th 150% 70th 140% 65th 130% 60th 120% 55th 110% Median 50% 100% 45th 90% 40th 80% 35th 70% 30th 60% 25th 50% <25th 0% Xxxxxxx PeerTracker Participants in the Performance Share Award Program can track the K&S and Peer Companies’ TSR at xxxxx://xxxxxxxxxxx.xxx.xxx/Participant/nl/352/?planid=3589