Common use of Performance Criteria and Performance Periods Clause in Contracts

Performance Criteria and Performance Periods. The Grant is divided into two separate segments, each with different performance periods, as set forth in the Grant Summary above. Segment 1 will consist of 1/3 of the EPS Units (as defined below) and 1/2 of the TSR Units (as defined below), and Segment 2 will consist of 2/3 of the EPS Units and 1/2 of the TSR Units. Segment 1 will vest after the end of the first two fiscal years, and Segment 2 will vest after the end of the third fiscal year. Segment 1 and Segment 2 are jointly referred to herein as "Segments". For each Segment, the Employee may be credited with PARSUs based on (a) the Company achieving goals for that Segment related to earnings per share (“EPS”) and relative total shareholder return (“TSR”), (b) the Employee’s continued employment through the last U.S. business day of the relevant Segment, and (c) the Employee’s compliance with the requirements and conditions provided for in the Plan and this Grant Agreement. The goals associated with the PARSUs shall be established by the Committee, and will be communicated separately to the Employee by the Company. Shares delivered at the end of each Segment with respect to the PARSUs will range from 0% to 200% of the Target Amount of PARSUs, based upon the Company’s performance against the EPS and TSR goals as certified by the Committee. No PARSUs will be achieved for a segment if performance is below minimum levels.

Performance Criteria and Performance Periods. The Grant is divided into two separate segments, each with a different performance periodsperiod, as set forth in the Grant Summary above. 1/2 of the Target Amount of the units are subject to performance criteria for Segment 1 will consist of 1/3 of (defined above), which is two fiscal years (the EPS Units (as defined below“Segment 1 Units”) and 1/2 of the TSR Units (as defined below), and Target Amount of the units are subject to performance criteria for Segment 2 will consist of 2/3 of (defined above) which is three fiscal years (the EPS Units and 1/2 of the TSR Units. Segment 1 will vest after the end of the first two fiscal years, and “Segment 2 will vest after the end of the third fiscal year. Segment 1 and Segment 2 are jointly referred to herein as "Segments"Units”). For each Segmentsegment, the Employee may be credited with PARSUs based on (a) the Company Company’s achieving goals for that Segment segment related to earnings per share return on invested capital (“EPSROIC”) (weighted 50% of the PARSUs for each segment) and relative total shareholder return (“TSR”) (weighted 50% of the PARSUs for each segment), (b) the Employee’s continued employment through the last U.S. business day of the relevant Segment, and (c) the Employee’s compliance with the requirements and conditions provided for in the Plan and this Grant Agreement. The goals associated with the PARSUs this XXXXX shall be established by the Committee, and will be communicated separately to the Employee by the Company. Shares delivered at the end of each Segment the Performance Period with respect to the PARSUs this XXXXX will range from 0% to 200% of the Target Amount of PARSUs, based upon the Company’s performance against the EPS ROIC and TSR goals as certified by the Committee. No PARSUs will be achieved for a segment if performance is below minimum levels.

Performance Criteria and Performance Periods. The Grant is divided into two separate segments, each with different performance periods, as set forth in the Grant Summary above. Segment 1 will consist of 1/3 of the EPS Units (as defined below) and 1/2 of the TSR Units (as defined below), and Segment 2 will consist of 2/3 of the EPS Units and 1/2 of the TSR Units. Segment 1 will vest after the end of the first two fiscal years, and Segment 2 will vest after the end of the third fiscal year. Segment 1 and Segment 2 are jointly referred to herein as "Segments". For each Segment, the Employee may be credited with PARSUs based on (a) the Company Company’s achieving goals for that Segment related to earnings per share (“EPS”) and relative total shareholder return (“TSR”), (b) the Employee’s continued employment through the last U.S. business day of the relevant Segment, and (c) the Employee’s compliance with the requirements and conditions provided for in the Plan and this Grant Agreement. The goals associated with the PARSUs this XXXXX shall be established by the Committee, and will be communicated separately to the Employee by the Company. Shares delivered at the end of each Segment with respect to the PARSUs this XXXXX will range from 0% to 200% of the Target Amount of PARSUs, based upon the Company’s performance against the EPS and TSR goals as certified by the Committee. No PARSUs will be achieved for a segment if performance is below minimum levels.