Common use of Performance Shares Payable Clause in Contracts

Performance Shares Payable. The number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using the Company’s cumulative TSR Percentile Rank through each of the last 4 quarters of the Performance Period. For performance levels falling between the values as shown above, the percentage of Shares payable will be determined by interpolation. Payments will be made in Shares. For an illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 2021-2023 Performance Period 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: 61st 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd Payout Percentages 152% 94% 90% 108% Percentage of Performance Shares Payable (Average Payout Percentages of Last 4 Quarters) 111%

Performance Shares Payable. The Subject to Section 2(c), the number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using the Company’s cumulative TSR Percentile Rank through positioning for each of the last 4 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 an illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 20212008-2023 2010 Performance Period 2021 2022 2023 Cycle 2008 2009 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: 61st Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd 48th Payout Percentages 152(% 94of target) 132% 9093% 10888% Percentage of Performance Shares Payable 95% Actual Payout (Average Payout Percentages of Last 4 Quarters) 111102%

Performance Shares Payable. The Subject to Section 2(c), the number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using hypothetical payouts generated by the Company’s cumulative TSR Percentile Rank positioning through each of the last 4 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 straight-line interpolation. Payments will be made in Shares. For an illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 20212014-2023 2016 Performance Period 2021 2022 2023 Cycle 2014 2015 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: 61st Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd 48th Payout Percentages 152(% 94of target) 132% 9093% 10888% Percentage of Performance Shares Payable 95% Actual Payout (Average Payout Percentages of Last 4 Quarters) 111102%

Performance Shares Payable. The Subject to Section 2(c), the number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using the Company’s cumulative TSR Percentile Rank positioning through each of the last 4 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 an illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 20212016-2023 2018 Performance Period 2021 2022 2023 Cycle 2016 2017 2018 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: 61st Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd 48th Payout Percentages 152(% 94of target) 132% 9093% 10888% Percentage of Performance Shares Payable 95% Actual Payout (Average Payout Percentages of Last 4 Quarters) 111102%

Performance Shares Payable. The number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using the Company’s cumulative TSR Percentile Rank through positioning for each of the last 4 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 an illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 20212008-2023 2010 Performance Period 2021 2022 2023 Cycle 2008 2009 2010 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: 61st Positioning 61th 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd 48th Payout Percentages 152(% 94of target) 132 % 9093 % 10888 % Percentage of Performance Shares Payable 95 % Actual Payout (Average Payout Percentages of Last 4 Quarters) 111102%

Performance Shares Payable. The Subject to Section 2(b), the number of Performance Shares payable is the Target Award multiplied by the average of the payout percentages determined using the Company’s cumulative TSR Percentile Rank positioning through each of the last 4 four quarters of the Performance Period. For performance levels falling between the values as shown above, the percentage of Shares payable will be determined by interpolation. Payments will be made in Shares. For an a hypothetical illustration of this calculation, see the Hypothetical Example below. Hypothetical Example: 2021[ ]-2023 [ ] Performance Period 2021 2022 2023 Year 1 Year 2 Year 3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cumulative TSR Percentile Rant from January 1, 2021 through: Positioning 61st 57th 72nd 69th 70th 62nd 54th 52nd 63rd 47th 45th 52nd 48th Payout Percentages 152(% 94of target) 132% 9093% 10888% Percentage of Performance Shares Payable 95% Actual Payout (Average Payout Percentages of Last 4 Quarters) 111102%