Common use of Performance Stock Award Grant Clause in Contracts

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 24, 2018. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 246, 20182020. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average cumulative sales revenue, and average annual earnings per share cumulative free cash flow (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2023 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Cumulative Sales Revenue (30% Weight) Average Annual Earnings Per Share Cumulative Free Cash Flow (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 241, 20182024. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, capital and average annual earnings per share cumulative EBITDA (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2027 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (4050% Weight) Average Sales Revenue Cumulative EBITDA (30% Weight) Average Annual Earnings Per Share (3050% Weight) Maximum (150200% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 241, 2018. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 24October 31, 20182019. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2022 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 241, 20182019. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2022 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 24July 28, 20182016. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share economic profit, and/or relative total shareholder return objectives (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2019 (the “Performance Period”): Average Return on Invested Capital (a/k/a Average Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 243, 20182023. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, capital and average annual earnings per share cumulative EBITDA (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2026 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (4050% Weight) Average Sales Revenue Cumulative EBITDA (30% Weight) Average Annual Earnings Per Share (3050% Weight) Maximum (150200% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 243, 20182022. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, capital and average annual earnings per share cumulative EBITDA (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2025 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (4050% Weight) Average Sales Revenue Cumulative EBITDA (30% Weight) Average Annual Earnings Per Share (3050% Weight) Maximum (150200% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 242, 20182017. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share economic profit, and/or relative total shareholder return objectives (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2020 (the “Performance Period”): Average Return on Invested Capital (a/k/a Average Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 244, 20182021. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average cumulative sales revenue, and average annual adjusted earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 2024 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Cumulative Sales Revenue (30% Weight) Average Annual Adjusted Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company has granted the Employee a performance stock award effective August 24May 1, 20182019. Such performance stock award shall entitle the Employee to receive a number of shares of the Company’s common stock (the “Shares”) if the Company achieves the average return on invested capital, average sales revenue, and average annual earnings per share (the “Performance Objectives”) stated below for the three fiscal year period ending June 30, 2021 (the “Performance Period”): Average Return on Invested Capital (a/k/a Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table:

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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