Performance Shares Awards. The Company awards to the Participant the number of Target Performance Shares set forth on Schedule B attached to this Agreement and made a part hereof.
Performance Shares Awards. Company granted to Executive: (i) seventeen thousand one hundred (17,100) Performance Shares (as such term is defined in the Stock Plan), subject to terms and conditions identical or substantially similar to those applicable to standard Performance Shares awards made to Company executives under Company's 2002 long-term compensation program for officers; and (ii) twenty-nine thousand three hundred (29,300) Performance Shares subject to terms and conditions identical or substantially similar to those applicable to standard Performance Shares awards made to Company executives under Company's 2003 long-term compensation program for officers. Nothwithstanding anything to the contrary in the Stock Plan or a grant agreement with respect to the awards described in subsections (a), (b) and (c) above of this Section 2, in the event that Executive's employment is terminated under circumstances described in Section 8 of this Agreement prior to the date(s) on which any such award otherwise vests, each such award shall be immediately vested, such that (i) non-vested Non-Qualified Stock Options immediately become exercisable and remain exercisable for their full original term, (ii) restrictions on non-vested Restricted Shares are removed and such shares are released to Executive, and (iii) non-vested Performance Shares remain outstanding and pay-out in such amounts and at such times as payments would have made had Executive's employment not terminated.
Performance Shares Awards
