Common use of Performance Objective Clause in Contracts

Performance Objective. The Performance Objective applicable to this Award shall be a Specialty Only Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Specialty Only Adjusted Economic Combined Ratio” or “SOAECR”) of 92.5% for the Award Period as a whole. The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the SOAECR for each of the three Performance Periods as determined by the Committee in its sole discretion.

Performance Objective. The Performance Objective applicable to this Award shall be a Specialty Only Adjusted Economic Combined Ratio an adjusted economic combined ratio for the Company and its subsidiaries (the “Specialty Only Adjusted Economic Combined Ratio” or “SOAECR”) of 92.594% for the Award Period as a whole. The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the SOAECR Adjusted Economic Combined Ratio for each of the three Performance Periods as determined by the Committee Board in its sole discretion.

Performance Objective. The Performance Objective applicable to this Award shall be a Specialty Only Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Specialty Only Adjusted Economic Combined Ratio” or “SOAECR”) of 92.5% for the Award Period as a whole%. The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the straight average (mean) of (a) 98.6% (b) 90.9, and (c) the Company’s SOAECR for each of the three Performance Periods 2014 as determined by the Committee in its sole discretion.