Common use of Qualifying Retirement Clause in Contracts

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the Profit Requirement for the PSUs shall be determined as of the End of the Performance Period and paid in accordance with Section 2(a) above; provided, however, that the number of shares of Stock to be paid to the Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s Qualifying Retirement, and the denominator of which is 1095.

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the Profit Requirement for the number of PSUs to be settled in shares of Stock shall be equal to the amount determined as of the End of the Performance Period and paid in accordance with Section 2(a) above; provided, however, that and the number table set forth in Schedule A based on the Company’s performance as of shares the end of Stock to be paid to the Employee shall be Performance Period multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date [insert: applicable date] to the date of the Employee’s Qualifying Retirement, Retirement and the denominator of which is 1095[insert: applicable period.]

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the Profit Requirement Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the End of the Performance Period Maturity Date and paid in accordance with Section 2(a) above; provided, however, that the number of shares of Stock to be paid to the Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s Qualifying Retirement, and the denominator of which is 10951075.

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the Profit Requirement Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the End of the Performance Period Maturity Date and paid in accordance with Section 2(a) above; provided, however, that the number of shares of Stock to be paid to the Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s Qualifying Retirement, and the denominator of which is 1095.