Stretch Performance-Based Shares Sample Clauses

Stretch Performance-Based Shares. The Restricted Period for the Stretch Performance-Based Shares shall lapse with respect to (i) one-third of the Stretch Performance-Based Shares on , (ii) one-third (1/3) of the Stretch Performance-Based Shares on and (iii) one-third (1/3) of the Stretch Performance-Based Shares on (each of , and , a “Stretch Performance-Based Shares Lapsing Date”), subject to (x) the Company’s attainment of stretch operating income performance levels established by the Committee (a “Stretch Performance-Based Shares Target”) as set forth on the Stretch Performance-Based Shares Schedule, attached hereto as Exhibit B and (y) the Participant’s continued employment with the Company on each applicable Stretch Performance-Based Shares Lapsing Date; provided, however, that if the Stretch Performance-Based Shares Target on the applicable Stretch Performance-Based Shares Lapsing Date is not achieved (a “Stretch Missed Year”), but on a subsequent Stretch Performance-Based Shares Lapsing Date the cumulative Stretch Performance-Based Shares Target with respect to such Stretch Performance-Based Shares Lapsing Date and each Stretch Performance-Based Shares Lapsing Date through the Stretch Performance-Based Shares Lapsing Date related to the Stretch Missed Year is achieved, the Stretch Performance-Based Shares restrictions that did not lapse with respect to the Stretch Missed Year as well as the Stretch Performance-Based Shares attributable to such subsequent Stretch Performance-Based Shares Lapsing Date shall lapse as of such subsequent Stretch Performance-Based Shares Lapsing Date. All Stretch Performance-Based Shares that have restrictions that have not lapsed as of shall be forfeited.