Common use of Performance Shares Payable Clause in Contracts

Performance Shares Payable. Subject to Section 2(c), the number of Shares payable is the Target Award multiplied by the average of the Company’s cumulative TSR positioning for each of the last four quarters of the Performance Period. For a hypothetical illustration of this calculation, see Example A below. For performance levels falling between the values as shown above, the percentage of performance Shares payable will be determined by interpolation. Payments will be made in Shares. Cumulative TSR Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 48th

Performance Shares Payable. Subject to Section 2(c), the number of Shares payable is the Target Award multiplied by the average of the Company’s cumulative TSR positioning for through each of the last four quarters of the Performance Period. For a hypothetical illustration of this calculation, see Example A below. For performance levels falling between the values as shown above, the percentage of performance Shares payable will be determined by interpolation. Payments will be made in Shares. Cumulative TSR Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 48th

Performance Shares Payable. Subject to Section 2(c2(b), the number of Shares payable is the Target Award multiplied by the average of the Company’s cumulative TSR positioning for through each of the last four quarters of the Performance Period. For a hypothetical illustration of this calculation, see Example A below. For performance levels falling between the values as shown above, the percentage of performance Shares payable will be determined by interpolation. Payments will be made in Shares. For a hypothetical illustration of this calculation, see the Hypothetical Example below. Cumulative TSR Positioning 61th 61st 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 48th

Performance Shares Payable. Subject to Section 2(c), the number of Shares payable is the Target Award multiplied by the average of the hypothetical payouts generated by the Company’s cumulative TSR positioning for through each of the last four quarters of the Performance Period. For a hypothetical illustration of this calculation, calculation see Example A below. For performance levels falling between the values as shown above, the percentage of performance Shares payable will be determined by straight-line interpolation. Payments will be made in Shares. Cumulative TSR Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 48th