Common use of Payout Clause in Contracts

Payout. Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example: Beginning award value – October 1, 2021 closing AT&T stock price $40.00 Ending award value – September 30, 2022 closing AT&T stock price $45.00 Payout – $45 - $40 = $5 x 150 success units = $750.00 December 2021 declared dividend $.53 March 2022 declared dividend $.53 June 2022 declared dividend $.53 September 2022 declared dividend $.53 Total Declared Dividend $2.12 Payout - $2.12 x 150 success units = $318.00 Total Payout $750.00 stock appreciation value + $318.00 dividend rate value = $1,068.00 Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.

Payout. Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example: Beginning award value – October 1, 2021 2013 closing AT&T stock price $40.00 30.00 Ending award value – September 30, 2022 2014 closing AT&T stock price $45.00 35.00 Payout – $45 35 - $40 30 = $5 x 150 success units = $750.00 December 2021 2013 declared dividend $.53 .44 March 2022 2014 declared dividend $.53 .44 June 2022 2014 declared dividend $.53 .44 September 2022 2014 declared dividend $.53 .44 Total Declared Dividend $2.12 1.76 Payout - $2.12 1.76 x 150 success units = $318.00 264.00 Total Payout $750.00 stock appreciation value + $318.00 264.00 dividend rate value = $1,068.00 1,014.00 Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.

Payout. Employees will receive a total payout award based on the difference between the ending award value and the beginning award value for the award year Award Year times 150 success units plus the dividend rate value. For example: Beginning award value – October 1, 2021 2018 closing AT&T stock price $40.00 37.00 Ending award value – September 30, 2022 2019 closing AT&T stock price $45.00 42.00 Payout – $45 42 - $40 37 = $5 x 150 success units = $750.00 December 2021 2018 declared dividend $.53 .50 March 2022 2019 declared dividend $.53 .50 June 2022 2019 declared dividend $.53 .50 September 2022 2019 declared dividend $.53 .50 Total Declared Dividend $2.12 Payout 2.00 Dividend Rate Value - $2.12 2.00 x 150 success units = $318.00 Total Payout 300.00 $750.00 stock appreciation value + $318.00 300.00 dividend rate value = $1,068.00 Payment of the 1,050.00 The award payment will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.

Payout. Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example: Beginning award value – October 12, 2021 2017 closing AT&T stock price $40.00 Ending award value – September 3028, 2022 2018 closing AT&T stock price $45.00 Payout – $45 - $40 = $5 x 150 success units = $750.00 December 2021 2017 declared dividend $.53 .49 March 2022 2018 declared dividend $.53 .49 June 2022 2018 declared dividend $.53 .49 September 2022 2018 declared dividend $.53 .49 Total Declared Dividend $2.12 1.96 Payout - $2.12 1.96 x 150 success units = $318.00 294.00 Total Payout $750.00 stock appreciation value + $318.00 294.00 dividend rate value = $1,068.00 1,044.00 Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.

Payout. Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example: Beginning award value – October 13, 2021 2016 closing AT&T stock price $40.00 37.00 Ending award value – September 3029, 2022 2017 closing AT&T stock price $45.00 42.00 Payout – $45 42 - $40 37 = $5 x 150 success units = $750.00 December 2021 declared 31, 2016 dividend $.53 .48 March 2022 declared 31, 2017 dividend $.53 .48 June 2022 declared 30, 2017 dividend $.53 .48 September 2022 declared 29, 2017 dividend $.53 .48 Total Declared Dividend $2.12 1.92 Payout - $2.12 1.92 x 150 success units = $318.00 Total Payout 288.00 $750.00 stock appreciation value + $318.00 288.00 dividend rate value = $1,068.00 1,038.00 Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November.