Common use of Vesting Criteria Clause in Contracts

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 is at least 11.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.0% 100.0% 14.5% 83.3% 11.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest only: (i) if the Average Return on Equity for the ten fiscal years ending March 31, 2013 is at least 15.00% (the “Performance Criteria”); and (ii) in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 is at least 11.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.0% 100.0% 14.5% 83.3% 11.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (). If the Performance Criteria has been satisfied then such earned Shares shall then be considered “Earned But Unvested Shares.” hereunder). Such Earned But Unvested Shares shall vest one-fourth fifth on the third business day following first anniversary of the Certification Award Date and then ratably on over the next three four Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon The “Average Return on Equity for the Certification Dateten fiscal years ending March 31, any portion 2013” shall mean: (i) the sum of the Shares that are not earned in accordance with Return on Equity for each of the provisions above shall be forfeitedten fiscal years ended March 31, 2013, divided by (ii) 10.

Vesting Criteria. The Grantee’s interest in the Shares shall vest only: (i) if the Average Return on Invested Capital for the ten fiscal years ending March 31, 2012 exceeds 12.00% (the “Performance Criteria”); and (ii) in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 is at least 11.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.0% 100.0% 14.5% 83.3% 11.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (). If the Performance Criteria has been satisfied then one-fifth of such earned Shares shall then be vested on the Certification Date, and the remaining earned Shares shall be considered “Earned But Unvested Shares” hereunder)”. Such Earned But Unvested Shares shall vest one-fourth on the third business day following the Certification Date and then ratably on over the next three four Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon The “Average Return on Invested Capital for the Certification Dateten fiscal years ending March 31, any portion 2012” shall mean: (i) the sum of the Shares that are not earned in accordance with Return on Invested Capital for each of the provisions above shall be forfeitedten fiscal years ended March 31, 2012, divided by (ii) 10.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2021 is at least 11.010.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.020.0% 100.0% 14.515.0% 83.3% 11.010.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third seventh business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2017 is at least 11.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.0% 100.0% 14.5% 83.3% 11.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2019 is at least 11.010.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.020.0% 100.0% 14.515.0% 83.3% 11.010.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2022 is at least 11.010.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.020.0% 100.0% 14.515.0% 83.3% 11.010.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third seventh business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2023 is at least 11.010.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.020.0% 100.0% 14.515.0% 83.3% 11.010.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third seventh business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.

Vesting Criteria. The Grantee’s interest in the Shares shall vest in accordance with the vesting schedule set forth below in this Section 3(a) (each such vesting date, a “Vesting Date”) only if the Return on Equity for the fiscal year ending March 31, 2018 2020 is at least 11.010.0% (the “Performance Criteria”); provided, that the percentage of Shares that will be earned shall be based on the following: Performance Percentage of Criteria Shares Earned > 18.020.0% 100.0% 14.515.0% 83.3% 11.010.0% 66.7% ; provided, further, that the exact percentage of Shares earned shall be calculated based on straight-line interpolation between the points shown above with fractional points rounded up to the nearest tenth of a percent. After the end of the Performance Period, the Compensation Committee shall certify whether and to what extent the Performance Criteria has been satisfied (“Certification Date”) (such earned Shares shall then be considered “Earned But Unvested Shares” hereunder). Such Earned But Unvested Shares shall vest one-fourth on the third seventh business day following the Certification Date and then ratably on the next three Service Vesting Dates. Prior to the Certification Date, all Shares shall be considered “unvested Shares.” If the Performance Criteria has not been satisfied then the Shares shall be immediately and automatically forfeited. Upon the Certification Date, any portion of the Shares that are not earned in accordance with the provisions above shall be forfeited.