Common use of Performance-Based Restricted Stock Clause in Contracts

Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, 20__, 20__ and 20__, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 20__ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7:

Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, 20__2009, 20__ 2010 and 20__2011, the Board of Directors will approve an annual return on equity target goal (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 20__ 2011 (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7:

Performance-Based Restricted Stock. For each twelve (12)-month period ending December 31, 20_____, 20_____ and 20_____, the Board of Directors will approve an annual return on equity target (each, an “Annual Performance Target”). Subject to the Company achieving such Annual Performance Targets, on an average basis over the three (3)-year period ending December 31, 20_____ (the “Performance Period” and such average attainment the “Total Performance Target”), the Performance-Based Restricted Stock shall vest pursuant to the following terms and no longer be subject to cancellation pursuant to Section 4 or the transfer restrictions set forth in Section 7: