You have been granted RSUs for the three-year period that begins on January 1, , and ends on December 31, (the “Performance Period”). Subject to the terms contained in this Grant Letter, if the Committee determines (following the end of the Performance Period), that an average Return on Invested Capital (“ROIC”), as defined below, was achieved by the Company at the Threshold Performance Score Percentage (as defined below) or greater, then a Share Award will be made to you on the Share Award Date (as defined below).
Following the three-completion of each year periodduring the Performance Period, the Company will certify that begins on January 1, , and ends on December 31, (the “Performance Period”). Subjectyear’s financial results to the terms contained in this Grant Letter, if the Committee determines (followingCommittee. At the end of the Performance Period), that anPeriod, the Committee will then calculate the Company’s three-year average Return on Invested Capital (“ROIC”),ROIC, as defined below, was achieved by the Companyand if at least the Threshold Performance Score Percentage (as defined below) or greater, thengoal is attained, the RSUs will be redeemed in favor of a Share Award will be made to you onafter the end of the Performance Period, as provided in this Grant Letter. Any Share Award Date (as defined below).is subject to the Committee’s right to exercise negative discretion (to reduce or eliminate an award at any time) and to the provisions of the LTIP Program. The definitions, procedures, and timing of the LTIP Program are described in more detail below.
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