Common use of Performance Award Clause in Contracts

Performance Award. (i) The Executive is hereby awarded Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period , through , . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during , through , Year End Cost of Capital Percentage earned will be interpolated between points on the table. (ii) Performance awards which have been earned shall be paid in cash to the Executive no later than , . If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rules; acquisitions and divestures of more than $ ; stock issuances or stock dividends. (iv) If the Executive ceases to be an employee of the Company and its Affiliates prior to , by reason of death, Disability, or Retirement the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than , . If the Executive ceases to be an employee of the Company as a result of a Qualifying Termination, then this Performance Award shall be treated in accordance with the terms of the Severance Plan. If the Executive’s employment with the Company shall be terminated prior to , for any other reason, no Award shall be payable. (v) In the event of a “Change in Control” of the Company, as defined in the Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Plan.

Performance Award. (i) i. The Executive is hereby awarded Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period , through , . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during , through , Year End Cost of Capital Executive 394941 Percentage earned will be interpolated between points on the table. (ii) . Performance awards which have been earned shall be paid in cash to the Executive no later than , . If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) . Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rules; acquisitions and divestures of more than $ ; stock issuances or stock dividends. (iv) . If the Executive ceases to be an employee of the Company and its Affiliates prior to , by reason of death, Disability, or Retirement and has been employed by the Company or an Affiliate for at least twelve full months during the three year performance period, the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than , . If the Executive ceases to be an employee of the Company as a result of a Qualifying Termination, then this Performance Award shall be treated in accordance with the terms of the Severance Plan. If the Executive’s employment with the Company shall be terminated prior to , for any other reason, no Award shall be payable. (v) v. In the event of a “Change in Control” of the Company, as defined in the Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Plan.

Performance Award. (i) The Executive is hereby awarded Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period January 1, through December 31, . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during January 1, through December 31, Year End Cost of Capital Percentage earned will be interpolated between points on the table. (ii) Performance awards which have been earned shall be paid in cash to the Executive no later than March 1, , . If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rules; acquisitions and divestures of more than $ ; stock issuances issuances; or stock dividends. (iv) If the Executive ceases to be an employee of the Company and its Affiliates prior to December 31, by reason of death, Disability, or Retirement and has been employed by the Company or an Affiliate for at least twelve full months during the year performance period, the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than March 1, . If the Executive ceases to be an employee of the Company as a result of a “Qualifying Termination”, as that term is defined in the X. X. Xxxxx Corporation Senior Leadership Severance Plan, then this Performance Award shall be treated in accordance with the terms of the Severance Planthat plan. If the Executive’s employment with the Company shall be terminated prior to December 31, for any other reason, no Award shall be payable. (v) In the event of a “Change in Control” of the Company, as defined in the X. X. Xxxxx Corporation Senior Leadership Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Planthat plan.

Performance Award. (i) The Executive is hereby awarded shall receive an award of Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period January 1, through December 31, . ROIC is calculated by taking net income before after-tax cost of interest divided by total capitalcapital including all debt and stockholders’ equity. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during January 1, through December 31, Year End Cost Performance Goal Percentage of Capital Performance Units Earned Less than % 0 % % 50 % % 100 % % or more 200 % Percentage earned will be interpolated between points on the table. (ii) Performance awards which have been earned shall be paid in cash to the Executive no later than March 1, . If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rulesaccounting; acquisitions and divestures of more than $ ; stock issuances issuances; stock dividends; or stock dividendsbuybacks in excess of Shares. (iv) If the Executive ceases to be an employee of the Company and its Affiliates prior to December 31, by reason of death, Disability, or Retirement and has been employed by the Company or an Affiliate for at least twelve full months during the year performance period, the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s his employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than March 1, . If the Executive ceases to be an employee of the Company as a result of a “Qualifying Termination”, as that term is defined in the X. X. Xxxxx Corporation Senior Leadership Severance Plan, then this Performance Award shall be treated in accordance with the terms of the Severance Planthat plan. If the Executive’s employment with the Company shall be terminated prior to December 31, for any other reason, no Award shall be payable. (v) In the event of a “Change in Control” of the Company, as defined in the X. X. Xxxxx Corporation Senior Leadership Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Planthat plan.

Performance Award. (i) i. The Executive is hereby awarded Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period , through , . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during , through , Year End Cost of Capital Executive 394940 Percentage earned will be interpolated between points on the table. (ii) . Performance awards which have been earned shall be paid in cash to the Executive no later than , . If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) . Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rules; acquisitions and divestures of more than $ ; stock issuances or stock dividends. (iv) . If the Executive ceases to be an employee of the Company and its Affiliates prior to , by reason of death, Disability, or Retirement and has been employed by the Company or an Affiliate for at least twelve full months during the three year performance period, the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than , . If the Executive ceases to be an employee of the Company as a result of a Qualifying Termination, then this Performance Award shall be treated in accordance with the terms of the Severance Plan. If the Executive’s employment with the Company shall be terminated prior to , for any other reason, no Award shall be payable. (v) v. In the event of a “Change in Control” of the Company, as defined in the Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Plan.

Performance Award. (i) The Executive is hereby awarded Performance Units with a value of $ per unit at the payment date. The Executive shall earn a percentage of the Performance Unit award upon achievement of a Performance Goal based on the Return on Invested Capital (“ROIC”) as a percentage of the cost of capital during the period , through , . ROIC is calculated by taking net income before after-tax cost of interest divided by total capital. The Performance Goal is calculated as follows: ROIC as % of cost of capital = Average ROIC during , through , Year End Cost of Capital Performance Goal Percentage of Performance Units Earned Percentage earned will be interpolated between points on the table. (ii) Performance awards which have been earned shall be paid in cash to the Executive no later than , «NLT_Pay_Date». If the Executive’s base salary is paid in a currency other than U.S. Dollars, any payment earned shall be converted to the same currency as the Executive’s base salary using the exchange rate reported in the Wall Street Journal on the business day immediately prior to the date of payment. (iii) Performance Goals shall be adjusted by the Committee to account for non-reoccurring factors, extraordinary gains or losses; changes in accounting rules; acquisitions and divestures of more than $ ; stock issuances or stock dividends. (iv) If the Executive ceases to be an employee of the Company and its Affiliates prior to , by reason of death, Disability, or Retirement the Executive or his or her beneficiary shall be entitled to receive a pro-rata portion of the Award based on the period of the Executive’s employment during the three-year performance period and based on actual performance measured at the end of the three-year performance period. Payment of the pro-rata portion will be made by no later than , . If the Executive ceases to be an employee of the Company as a result of a Qualifying Termination, then this Performance Award shall be treated in accordance with the terms of the Severance Plan. If the Executive’s employment with the Company shall be terminated prior to , for any other reason, no Award shall be payable. (v) In the event of a “Change in Control” of the Company, as defined in the Severance Plan, this Award shall be treated in accordance with the provisions of the Severance Plan.