Common use of Performance Dividend Program Clause in Contracts

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) by reference. Provided Xx. Xxxxxxx Mr. Garrett is not entitled to a Cash-Based Award under the PDPtxx XXX, if xx the PDP is in place through Xx. Xxxxxxx’x Mr. Garrett's Separation Date and to the extent Xx. Xxxxxxx is entitled Mr. Garrett xx xxxxxxed to participate therein, Xx. Xxxxxxx shall be Mr. Garrxxx xxxxx xx entitled to receive cash for each such Cashsucx Xxxx-Based Xxxed 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 Mr. Garrett's Separation Date occurs, all other remaining PPP performance remaininx XXX xxxxxxxance measurement periods shall terminate with respect to Xx. Xxxxxxx Mr. Garrett and no payment to Xx. Xxxxxxx Mr. Garrett shall be made with respect theretowitx xxxxxxx xhereto.

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 Xxxxxxxxx is not entitled to a Cash-Based Award under the PDP, if the PDP is in place through Xx. Xxxxxxx’x Xxxxxxxxx’x Separation Date and to the extent Xx. Xxxxxxx Xxxxxxxxx is entitled to participate therein, Xx. Xxxxxxx Mr. Xxxxxxxxx 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 Xxxxxxxxx’x Separation Date occurs, all other remaining PPP performance measurement periods shall terminate with respect to Xx. Xxxxxxx Xxxxxxxxx and no payment to Xx. Xxxxxxx Xxxxxxxxx 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) by reference. Provided Xx. Xxxxxxx Mr. Bowers is not entitled to a Cash-Based Award under the PDPXXX, if xx the PDP is in place through Xx. Xxxxxxx’x Mr. Bowers' Separation Date and to the extent Xx. Xxxxxxx is entitled Mr. Bowers xx xxxxxxed to participate therein, Xx. Xxxxxxx shall be Mr. Bowers xxxxx xx entitled to receive cash for each such Cashsuxx Xxxx-Based Xxsed 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 Mr. Bowers' Separation Date occurs, all other remaining PPP performance XXX xxxxxxmance measurement periods shall terminate with respect to Xx. Xxxxxxx Mr. Bowers and no payment to Xx. Xxxxxxx Mr. Bowers shall be made with respect wixx xxxxxxx 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) by reference. Provided Xx. Xxxxxxx Xxxxxx is not entitled to a Cash-Based Award under the PDP, if the PDP is in place through Xx. Xxxxxxx’x Xxxxxx’ Separation Date and to the extent Xx. Xxxxxxx Xxxxxx is entitled to participate therein, Xx. Xxxxxxx Xxxxxx 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 Xxxxxx’ Separation Date occurs, all other remaining PPP performance measurement periods shall terminate with respect to Xx. Xxxxxxx Xxxxxx and no payment to Xx. Xxxxxxx Xxxxxx 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) by reference. Provided Xx. Xxxxxxx XxXxxxx is not entitled to a Cash-Based Award under the PDP, if the PDP is in place through Xx. Xxxxxxx’x XxXxxxx’x Separation Date and to the extent Xx. Xxxxxxx XxXxxxx is entitled to participate therein, Xx. Xxxxxxx 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 XxXxxxx’x Separation Date occurs, all other remaining PPP performance measurement periods shall terminate with respect to Xx. Xxxxxxx XxXxxxx and no payment to Xx. Xxxxxxx XxXxxxx shall be made with respect thereto.