Common use of Performance Share Award Clause in Contracts

Performance Share Award. 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Grantee is hereby granted, effective on the Grant Date, a performance share award (the “Award”) representing a right to acquire 88,000 shares of Stock, contingent upon satisfaction of the performance goals and other conditions set forth herein. For purposes of this Award, 88,000 shares are considered the Grantee’s “Target Amount.” Except as otherwise provided herein, the payment due in settlement of the Grantee’s vested Award shall be made in the form of shares of Stock, with the number of shares payable determined by reference to the Corporation’s trailing twelve month EBITDA at any fiscal quarter-end within the five-year period commencing on January 1, 2011 and ending on December 31, 2015 (the “Performance Period”) as further described in Section 2.1 herein. For purposes of the Award, “EBITDA” shall mean adjusting net income by adding interest expense (or subtracting interest income), income tax expense, depreciation and amortization, subtracting net other income and foreign exchange gains (or subtracting foreign exchange losses), and adding equity in loss of affiliated companies (or subtracting equity in gain of affiliated companies).

Performance Share Award. 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Grantee is hereby granted, effective on the Grant Date, a performance share award (the “Award”) representing a right to acquire 88,000 12,000 shares of Stock, contingent upon satisfaction of the performance goals and other conditions set forth herein. For purposes of this Award, 88,000 12,000 shares are considered the Grantee’s “Target Amount.” Except as otherwise provided herein, the payment due in settlement of the Grantee’s vested Award shall be made in the form of shares of Stock, with the number of shares payable determined by reference to the Corporation’s trailing twelve month EBITDA at any fiscal quarter-end within the five-year period commencing on January 1, 2011 and ending on December 31, 2015 (the “Performance Period”) as further described in Section 2.1 herein. For purposes of the Award, “EBITDA” shall mean adjusting net income by adding interest expense (or subtracting interest income), income tax expense, depreciation and amortization, subtracting net other income and foreign exchange gains (or subtracting foreign exchange losses), and adding equity in loss of affiliated companies (or subtracting equity in gain of affiliated companies).

Performance Share Award. 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Grantee is hereby granted, effective on the Grant Date, a performance share award (the “Award”) representing a right to acquire 88,000 shares of Stock, contingent upon satisfaction of the performance goals and other conditions set forth herein. For purposes of this Award, 88,000 shares are considered the Grantee’s “Target Amount.” Except as otherwise provided herein, the payment due in settlement of the Grantee’s vested Award shall be made in the form of shares of Stock, with the number of shares payable determined by reference to the Corporation’s trailing twelve month EBITDA at any fiscal quarter-end within the five-year period commencing on January 1July 3, 2011 2012 and ending on December 31June 30, 2015 2016 (the “Performance Period”) as further described in Section 2.1 herein. For purposes of the Award, “EBITDA” shall mean adjusting net income by adding interest expense (or subtracting interest income), income tax expense, depreciation and amortization, subtracting net other income and foreign exchange gains (or subtracting foreign exchange losses), and adding equity in loss of affiliated companies (or subtracting equity in gain of affiliated companies).

Performance Share Award. 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Grantee is hereby granted, effective on the Grant Date, a performance share award (the “Award”) representing a right to acquire 88,000 260,000 shares of Stock, contingent upon satisfaction of the performance goals and other conditions set forth herein. For purposes of this Award, 88,000 260,000 shares are considered the Grantee’s “Target Amount.” Except as otherwise provided herein, the payment due in settlement of the Grantee’s vested Award shall be made in the form of shares of Stock, with the number of shares payable determined by reference to the Corporation’s trailing twelve month EBITDA at any fiscal quarter-end within the five-year period commencing on January 1, 2011 and ending on December 31, 2015 (the “Performance Period”) as further described in Section 2.1 herein. For purposes of the Award, “EBITDA” shall mean adjusting net income by adding interest expense (or subtracting interest income), income tax expense, depreciation and amortization, subtracting net other income and foreign exchange gains (or subtracting foreign exchange losses), and adding equity in loss of affiliated companies (or subtracting equity in gain of affiliated companies).