Common use of Vesting of Performance Units Clause in Contracts

Vesting of Performance Units. Unless the Participant's right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, or 8 or is vested in accordance with Paragraph 7, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number of Performance Units that vest. Following the Committee's certification, the Participant shall vest in and be entitled to receive a cash payment equal to the product of (a) the number of vested Performance Units, multiplied by (b) the Payout Value. Such cash payment shall be made as soon as administratively feasible following the Committee's certification and, in any event, on or before March 15, 2017. If, in accordance with the Committee's determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and the making of the related cash payment (including, if applicable, a payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, or 8 or is vested in accordance with Paragraph 7, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number of Performance Units that vest. Following the Committee's certification, the Participant shall vest in and be entitled to receive a cash payment equal to the product of (a) the number of vested Performance Units, multiplied by (b) the Payout Value. Such cash payment shall be made as soon as administratively feasible following the Committee's certification and, in any event, on or before March 15, 20172019. If, in accordance with the Committee's determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and the making of the related cash payment (including, if applicable, a payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, or 8 or is vested in accordance with Paragraph 7, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number of Performance Units that vest. Following the Committee's certification, the Participant shall vest in and be entitled to receive a cash payment equal to the product of (a) the number of vested Performance Units, multiplied by (b) the Payout Value. Such cash payment shall be made as soon as administratively feasible following the Committee's certification and, in any event, on or before March 15, 20172016. If, in accordance with the Committee's determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and the making of the related cash payment (including, if applicable, a payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, 7 or 8 or is vested in accordance with Paragraph 78, as applicable, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number following the close of the Performance Units that vestCycle. Following the Committee's certificationdetermination, the Participant shall vest in the Performance Units and be entitled to receive a cash payment of shares of Common Stock equal to the product of (a) the number of vested Performance Units, multiplied by Units granted under this Award Agreement and (b) the Payout ValueVesting Percentage, as determined by the Committee under Paragraph 3, issued in accordance with and subject to Paragraph 10. Such cash payment shall be made as soon as administratively feasible following the Committee's certification anddetermination but, in any event, on or before after January 1, 2024, and not later than March 15, 20172024 (the “Settlement Time”). If, in accordance with the Committee's determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and settling the making of the related cash payment Performance Units (including, if applicable, a cash payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's ’s right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, 7 or 8 or is vested in accordance with Paragraph 78, as applicable, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number following the close of the Performance Units that vestCycle. Following the Committee's certification’s determination, the Participant shall vest in the Performance Units and be entitled to receive a cash payment of shares of Common Stock equal to the product of (a) the number of vested Performance Units, multiplied by Units granted under this Award Agreement and (b) the Payout ValueVesting Percentage, as determined by the Committee under Paragraph 3, issued in accordance with and subject to Paragraph 10. Such cash payment shall be made as soon as administratively feasible following the Committee's certification and’s determination but, in any event, on or before after January 1, 2027, and not later than March 15, 20172027 (the “Settlement Time”). If, in accordance with the Committee's ’s determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and settling the making of the related cash payment Performance Units (including, if applicable, a cash payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's ’s right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, 7 or 8 or is vested in accordance with Paragraph 78, as applicable, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number following the close of the Performance Units that vestCycle. Following the Committee's certification’s determination, the Participant shall vest in the Performance Units and be entitled to receive a cash payment of shares of Common Stock equal to the product of (a) the number of vested Performance Units, multiplied by Units granted under this Award Agreement and (b) the Payout ValueVesting Percentage, as determined by the Committee under Paragraph 3, issued in accordance with and subject to Paragraph 10. Such cash payment shall be made as soon as administratively feasible following the Committee's certification anddetermination but, in any event, on or before after January 1, 2026, and not later than March 15, 20172026 (the “Settlement Time”). If, in accordance with the Committee's ’s determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and settling the making of the related cash payment Performance Units (including, if applicable, a cash payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.

Vesting of Performance Units. Unless the Participant's ’s right to the Performance Units is previously forfeited or vested in accordance with Paragraphs 5, 6, 7 or 8 or is vested in accordance with Paragraph 78, as applicable, the Committee shall certify in writing on the date of its first regularly scheduled meeting following the end of the Performance Period whether and to what extent the performance goal described in Paragraph 3 has been achieved and shall determine the Vesting Percentage and number following the close of the Performance Units that vestCycle. Following the Committee's certificationdetermination, the Participant shall vest in the Performance Units and be entitled to receive a cash payment of shares of Common Stock equal to the product of (a) the number of vested Performance Units, multiplied by Units granted under this Award Agreement and (b) the Payout ValueVesting Percentage, as determined by the Committee under Paragraph 3, issued in accordance with and subject to Paragraph 10. Such cash payment shall be made as soon as administratively feasible following the Committee's certification anddetermination but, in any event, on or before after January 1, 2025, and not later than March 15, 20172025 (the “Settlement Time”). If, in accordance with the Committee's determination under Paragraph 3, the Vesting Percentage is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units and settling the making of the related cash payment Performance Units (including, if applicable, a cash payment for Dividend Equivalents, as provided in Paragraph 9), if any, the rights of the Participant and the obligations of the Corporation under this Award Agreement shall be satisfied in full.