Common use of Summary of Grant Clause in Contracts

Summary of Grant. Dollar Target Value Performance Unit Tentative Award Performance Period Beginning Date Performance Period Expiration Date Vesting Date Performance Matrix $_______ _______ _________ __________ __________ See Exhibit A attached hereto The number of Performance Units granted to you is determined by dividing the market value of the Company’s Stock as of the Grant Date into the Dollar Target Value designated by the Committee for you. This is your Tentative Award of Performance Units (the “Tentative Award”). At the end of the Performance Period, your Tentative Award will be adjusted by multiplying the number of Performance Units that make up your Tentative Award by a percentage determined by reference to the intersection of the [Revenue Growth] Row and the [RONA] column of the Performance Matrix attached hereto as Exhibit A. This is your Pre-Peer Adjustment Award, which is subject to the adjustments described below. Your Pre-Peer Adjustment Award will be increased by up to ___% if the total ___ year compounded annual shareholder return on the Company’s common stock (“TSR”), determined as provided in Section 10 of the Policy, exceeds the ___ percentile of the Company’s Peer Group as set forth in Exhibit B. Conversely, your Pre-Peer Adjustment Award will be decreased by up to ___% if the relative __-year compounded TSR is below the __ percentile of the Company’s Peer Group. The increase or decrease of Performance Units granted in your Pre-Peer Adjustment Award is determined by multiplying the Award Leverage Percentage set forth in Exhibit A in the Award Leverage Table by your Pre-Peer Adjustment Award under the methodology described in the Policy. This result is your final award (the “Final Award”). An example of the calculation of a Stock Award is set forth in Exhibit C hereto.

Summary of Grant. Dollar Target Value Performance Unit Tentative Award Performance Period Beginning Date BeginningDate Performance Period Expiration Date Vesting Date Relative Performance Matrix $_______ _______ _________ __________ __________ /$AwardsGranted$/ January 1, 2020 December 31, 2022 January 31, 2023 See Exhibit A attached hereto The number hereto. 4674393.4 Exhibit 10.46 Your tentative award of Relative Performance Units granted to you (the “Tentative Award”) is determined by dividing the dollar award amount the Committee establishes for you by the market value of the Company’s Stock as of the Grant Date into the Dollar Target Value designated by the Committee for you. This is your Tentative Award of Performance Units (the “Tentative Award”)Date. At the end of the Performance Period, your Tentative Award will be adjusted by multiplying according to the number Company’s performance of its Compound Annual Revenue Growth Rate (CAGR) and Return On Net Tangible Assets (RONTA), each measured from the beginning to the end of the Performance Units that make up Period relative to a peer group consisting of seven (7) other trucking companies identified in Exhibit A, attached hereto with a comparable business focus to the Company, measured over the same period. Each of the eight companies (the Company plus its seven peer companies) will be ranked separately according to CAGR and RONTA from highest to lowest at the end of the Performance Period. After the rankings are complete, your Tentative Award is multiplied by a the percentage determined by reference to shown at the intersection of the [Revenue Growth] Row two CAGR and RONTA rankings on the [RONA] column of the Relative Performance Matrix Matrix, attached hereto as Exhibit A. This is your Pre-Peer Adjustment Award, which is subject to the adjustments described below. Your Pre-Peer Adjustment Award will be increased by up to ___% 25%, if the total ___ year compounded annual shareholder return on the Company’s common stock Stock (“TSR”), determined as provided in Section 10 of the Policy, exceeds the ___ 75th percentile of the Company’s TSR Leverage Award Peer Group as set forth in Exhibit B. The TSR for the Company and for any peer will be determined by comparing the rate of growth of the average stock price of each company for the 60 trading days on and following the Grant Date, to the average stock price of each company for the final 60 trading days of the Performance Period, assuming that dividends are reinvested at the closing stock price of the applicable stock on the date the dividend is declared. Conversely, your Pre-Peer Adjustment Award will be decreased by up to ___% 25%, if the relative __-year compounded TSR TSR, is below the __ 40th percentile of the Company’s TSR Leverage Award Peer Group. The increase or decrease of Performance Units performance units granted in your Pre-Peer Adjustment Award is determined by multiplying the TSR Award Leverage Percentage Factor set forth in Exhibit A in the Award Leverage Table B by your Pre-Peer Adjustment Award under the methodology described in the Policyhere. This result The product is your final award (the “Final Award”). An example of the calculation of a Stock Award is set forth in Exhibit C hereto.

Summary of Grant. Dollar Target Value Performance Unit Tentative Award Performance Period Beginning Date BeginningDate Performance Period Expiration Date Vesting Date Performance Matrix $_______ _______ _________ __________ __________ /$AwardsGranted$/ January 1, 2020 December 31, 2022 January 31, 2023 See Exhibit A attached hereto The number Your tentative award of Performance Units granted to you (the “Tentative Award”) is determined by dividing the dollar award amount the Committee establishes for you by the market value of the Company’s Stock as of the Grant Date into the Dollar Target Value designated by the Committee for you. This is your Tentative Award of Performance Units (the “Tentative Award”)Date. At the end of the Performance Period, your Tentative Award will be adjusted by multiplying the number of Performance Units that make up your Tentative Award by a percentage determined by reference to the intersection of the [Revenue Growth] Row Adjusted Trucking Operating Ratio column and the [RONA] column CAGR shown in the Adjusted EPS CAGR row of the Performance Matrix Matrix, attached hereto as Exhibit A. This is your Pre-Peer Adjustment Award, which is subject to the adjustments described below. Your Pre-Peer Adjustment Award will be increased by up to ___% 25%, if the total ___ year compounded annual shareholder return on the Company’s common stock Stock (“TSR”), determined as provided in Section 10 of the Policy, ) exceeds the ___ 75th percentile of the Company’s TSR Leverage Award Peer Group as set forth in Exhibit B. The TSR for the Company and for any peer will be determined by comparing the rate of growth of the average stock price of each company for the 60 trading days on and following the Grant Date, to the average stock price of each company for the final 60 trading days of the Performance Period, assuming that dividends are reinvested at the closing stock price of the applicable stock on the date the dividend is declared. Conversely, your Pre-Peer Adjustment Award will be decreased by up to ___% 25%, if the relative __-year compounded TSR is below the __ 40th percentile of the Company’s TSR Leverage Award Peer Group. The increase or decrease of Performance Units performance units granted in your Pre-Peer Adjustment Award is determined by multiplying the TSR Award Leverage Percentage Factor set forth in Exhibit A in the Award Leverage Table B by your Pre-Peer Adjustment Award under the methodology described in the Policyhere. This result The product is your final award (the “Final Award”). An example of the calculation of a Stock Award is set forth in Exhibit C hereto.

Summary of Grant. Dollar Target Value Performance Unit Tentative Award Performance Period Beginning Date BeginningDate Performance Period Expiration Date Vesting Date Performance Matrix $_______ _______ _________ __________ __________ /$AwardsGranted$/ January 1, 2020 December 31, 2022 January 31, 2023 See Exhibit A attached hereto The number Your tentative award of Performance Units granted to you (the “Tentative Award”) is determined by dividing the dollar award amount the Committee establishes for you by the market value of the Company’s Stock as of the Grant Date into the Dollar Target Value designated by the Committee for you. This is your Tentative Award of Performance Units (the “Tentative Award”)Date. At the end of the Performance Period, your Tentative Award will be adjusted by multiplying the number of Performance Units that make up your Tentative Award by a percentage determined by reference to the intersection of the [Revenue Growth] Row Adjusted Trucking Operating Ratio column and the [RONA] column CAGR shown in Adjusted EPS CAGR row of the Performance Matrix Matrix, attached hereto as Exhibit A. This is your Pre-Peer Adjustment Award, which is subject to the adjustments described below. Your Pre-Peer Adjustment Award will be increased by up to ___% 25%, if the total ___ year compounded annual shareholder return on the Company’s common stock Stock (“TSR”), determined as provided in Section 10 of the Policy, ) exceeds the ___ 75th percentile of the Company’s TSR Leverage Award Peer Group as set forth in Exhibit B. The TSR for the Company and for any peer will be determined by comparing the rate of growth of the average stock price of each company for the 60 trading days on and following the Grant Date, to the average stock price of each company for the final 60 trading days of the Performance Period, assuming that dividends are reinvested at the closing stock price of the applicable stock on the date the dividend is declared. Conversely, your Pre-Peer Adjustment Award will be decreased by up to ___% 25%, if the relative __-year compounded TSR is below the __ 40th percentile of the Company’s TSR Leverage Award Peer Group. The increase or decrease of Performance Units performance units granted in your Pre-Peer Adjustment Award is determined by multiplying the TSR Award Leverage Percentage Factor set forth in Exhibit A in the Award Leverage Table B by your Pre-Peer Adjustment Award under the methodology described in the Policyhere. This result The product is your final award (the “Final Award”). An example of the calculation of a Stock Award is set forth in Exhibit C hereto.