Performance Dividend Program. The provisions of this Section 2.2(f) shall apply to the Performance Dividend Program, the defined terms of which are incorporated in this Section 2.2(f) by reference. Provided Xx. Xxxxxxx is not entitled to a Cash-Based Award under the PDP, if the PDP is in place through Xx. Xxxxxxx’x Separation Date and to the extent Xx. Xxxxxxx is entitled to participate therein, Xx. Xxxxxxx shall be entitled to receive cash for each such Cash-Based Award under the PDP held as of such date based on a payout percentage of the greater of 50% or actual performance under the PDP for the performance period in which the Separation Date shall have occurred, and the sum of the quarterly dividends declared on the Common Stock in the performance year of and prior to the Separation Date. For purposes of this Section 2.2(f), payout of each Cash-Based Award under the PDP shall be based upon the performance measurement period that would otherwise have ended on December 31st of the year in which Xx. Xxxxxxx’x Separation Date occurs, all other remaining PPP performance measurement periods shall terminate with respect to Xx. Xxxxxxx and no payment to Xx. Xxxxxxx shall be made with respect thereto.
Performance Dividend Program. The provisions of this Section 2.2(f) shall apply to the Performance Dividend Program, the defined terms of which are incorporated in this Section 2.2(f)
Performance Dividend Program. The provisions of this Section 2.2(f) shall apply to the Performance Dividend Program, the defined terms of which are incorporated in this Section 2.2(f) by reference. Provided Mr. Garrett is not entitled to a Cash-Based Award under the PXX, xx xxx XXX xs in place through Mr. Garrett's Separation Date and to the extent Mr. Garrett ix xxxxxxxx xx participate therein, Mr. Garrett sxxxx xx xxxxxxxx to receive cash for each such Cxxx-Xxxxx Xward under the PDP held as of such date based on a payout percentage of the greater of 50% or actual performance under the PDP for the performance period in which the Separation Date shall have occurred, and the sum of the quarterly dividends declared on the Common Stock in the performance year of and prior to the Separation Date. For purposes of this Section 2.2(f), payout of each Cash-Based Award under the PDP shall be based upon the performance measurement period that would otherwise have ended on December 31st of the year in which Mr. Garrett's Separation Date occurs, all other remaining PPP xxxxxxxxxxx measurement periods shall terminate with respect to Mr. Garrett and no payment to Mr. Garrett shall be made with xxxxxxx xxxreto.
Performance Dividend Program. The provisions of this Section 2.2(f) shall apply to the Performance Dividend Program, the defined terms of which are incorporated in this Section 2.2(f) by reference. Provided Mr. McCrary is not entitled to a Cash-Based Award under the PDP, xx xxx XXP is in place through Mr. McCrary's Separation Date and to the extent Mr. McCrary is xxxxxxxx xx xarticipate therein, Mr. McCrary shaxx xx xxxxxxed to receive cash for each such Cash-Xxxxx Xxxrd under the PDP held as of such date based on a payout percentage of the greater of 50% or actual performance under the PDP for the performance period in which the Separation Date shall have occurred, and the sum of the quarterly dividends declared on the Common Stock in the performance year of and prior to the Separation Date. For purposes of this Section 2.2(f), payout of each Cash-Based Award under the PDP shall be based upon the performance measurement period that would otherwise have ended on December 31st of the year in which Mr. McCrary's Separation Date occurs, all other remaining PPP xxxxxxxxxxx xeasurement periods shall terminate with respect to Mr. McCrary and no payment to Mr. McCrary shall be made with respexx xxxxxxx.
Performance Dividend Program. Provided Mr. Bowers is not entitled to a Cash-Based Awaxx xxxxx xxx Performance Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. Bowers' Termination Date and to the extent Xx. Xxxxxx xx entitled to participate therein, Xx. Xxxxxs shall be entitled to receive cash fxx xxxx xxch Cash-Based Award under the Performance Dividend Program held by Mr. Bowers on his Termination Date, based on axxxxx xxxxormance under the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
Performance Dividend Program. Provided Mr. Garrett is not entitled to a Cash-Based Award xxxxx xxx Performance Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. Garrett's Termination Date and to the extent Xx. Xxxxxxx xx entitled to participate therein, Mx. Xxxxxxx shall be entitled to receive cash for xxxx xxxx Cash-Based Award under the Performance Dividend Program held by Mr. Garrett on his Termination Date, based on actxxx xxxxxxxance under the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
Performance Dividend Program. Provided Mr. Fanning is not entitled to a Cash-Based Awxxx xxxxx xxx Performance Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. Fanning's Termination Date and to the extexx Xx. Xxxxxxx xx entitled to participate therein, Xx. Xxxxxng shall be entitled to receive cash xxx xxxx xxch Cash-Based Award under the Performance Dividend Program held by Mr. Fanning on his Termination Date, based on xxxxxx xxxxormance under the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
Performance Dividend Program. Provided Mr. McCrary is not entitled to a Cash-Based Award under txx Xxxxxxxxnce Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. McCrary's Termination Date and to the extent Mr. McCrxxx xx xxxxxxed to participate therein, Mr. McCraxx xxxxx xx entitled to receive cash for each suxx Xxxx-Xxxed Award under the Performance Dividend Program held by Mr. McCrary on his Termination Date, based on actual perfxxxxxxx xxxer the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
Performance Dividend Program. Provided Mr. Holland is not entitled to a Cash-Based Awaxx xxxxx xxx Performance Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. Holland's Termination Date and to the extenx Xx. Xxxxxxx xx entitled to participate therein, Xx. Xxxxxxd shall be entitled to receive cash fxx xxxx xxxh Cash-Based Award under the Performance Dividend Program held by Mr. Holland on his Termination Date, based on axxxxx xxxxxrmance under the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
Performance Dividend Program. Provided Mr. Ratcliffe is not entitled to a Cash-Based Award under xxx Xxxxxxxxnce Dividend Program (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference), if the Performance Dividend Program is in place through Mr. Ratcliffe's Termination Date and to the extent Mr. Raxxxxxxx xx xxxxtled to participate therein, Mr. Ratxxxxxx xxxxx xx entitled to receive cash for each xxxx Xxxx-Xxxed Award under the Performance Dividend Program held by Mr. Ratcliffe on his Termination Date, based on actual pexxxxxxxxx xxxer the Performance Dividend Program determined as of the most recently completed calendar quarter of the performance period in which the Termination Date shall have occurred, and the annual dividend declared prior to the Termination Date.
