Performance Objectives for Performance-Based (ROIC) Award Clause Samples

Performance Objectives for Performance-Based (ROIC) Award. If you received a Performance-Based (ROIC) Award in the Grant Notices, your Award will vest depending on the Company’s ROIC, determined at the end of the Performance Period. The Company’s ROIC at the end of the Performance Period may be achieved at “threshold”, “target” or “maximum” levels. The number of Shares that vest on the Normal Vesting Date will be multiplied by the vesting percentage that corresponds to the level of achievement of the Company’s ROIC, as set forth below: ROIC: 11.7% 12.7% 14.7% Vesting Percentage: 20% 40% 100% No performance-based Shares will vest if the Company’s ROIC at the end of the Performance Period is less than the “threshold” level of achievement. No more than 100% of the performance-based Shares will vest if the Company’s ROIC at the end of the Performance Period exceeds the “maximum” level of achievement. If the Company’s ROIC is between two percentages, the number of performance-based Shares that vest will be interpolated by the Company. Notwithstanding the foregoing, any performance-based Shares that do not vest as of the Normal Vesting Date shall be forfeited.