Establishing the Performance Criteria. On or before April 1 of each other calendar year during which the Plan is in effect, the Committee shall recommend for approval by the Board the performance objective or objectives that must be satisfied in order for a Participant to receive an incentive payment for that year. The Committee may establish different performance objectives for different Participants. For each Participant, the performance objective(s) shall state, in terms of an objective formula or standard, the method for computing the amount of the incentive payment payable to the Participant if the objective(s) are achieved. With respect to any Participant, the Committee may establish multiple performance objectives. If it establishes multiple performance objectives with respect to any given Participant, the Committee shall provide whether # a specified percentage of the Participant’s annual incentive opportunity will be payable based on the achievement (in whole or in part) of a specified objective, # payment of any amount is contingent upon achievement (in whole or in part) of more than one such criteria or # the amount payable upon the achievement of one objective may be reduced or increased based on the level of achievement of a different objective.

Establishing the Performance Criteria. On or before June 1 with respect to 2015 and April 1 of each other calendar year during which the Plan is in effect, the Committee shall establish the performance objective or objectives that must be satisfied in order for a Participant to receive an incentive payment for that year. The Committee may establish different performance objectives for different Participants. For each Participant, the performance objective(s) shall state, in terms of an objective formula or standard, the method for computing the amount of the incentive payment payable to the Participant if the objective(s) are achieved. With respect to any Participant, the Committee may establish multiple performance objectives. If it establishes multiple performance objectives with respect to any given Participant, the Committee shall provide whether # a specified percentage of the Participant’s annual incentive opportunity will be payable based on the achievement (in whole or in part) of a specified objective, # payment of any amount is contingent upon achievement (in whole or in part) of more than one such criteria or # the amount payable upon the achievement of one objective may be reduced or increased based on the level of achievement of a different objective.

Establishing the Performance Criteria. On or before April 1 of each calendar year during which the Plan is in effect, the Committee shall recommend for approval by the Board the performance objective or objectives that must be satisfied in order for Participants to receive an incentive payment for that year. The Committee may establish different performance objectives for different Participants. The performance objective(s) shall state, in terms of an objective formula or standard, the method for computing the amount of the incentive payment eligible for payment to the Participants if the objective(s) are achieved.

With respect to any Participant, the Committee may establish multiple performance objectives. If it establishes multiple performance objectives, the Committee shall make clear whether # a specified percentage of the annual incentive opportunity will be eligible for payment based on the achievement (in whole or in part) of a specified objective, # payment of any amount is contingent upon achievement (in whole or in part) of more than one such criteria or # the amount payable upon the achievement of one objective may be reduced or increased based on the level of achievement of a different objective.

ESTABLISHMENT OF PERFORMANCE OBJECTIVES AND INCENTIVE OPPORTUNITY. Within 90 days of the commencement of each Plan Year (or such later time as may be permitted for performance-based compensation under [Section 162(m)]), the Committee shall establish written performance objectives and a cash incentive opportunity for each Participant chosen to receive an incentive for such Plan Year. At the time of setting the performance objectives, the Committee shall specify the formula to be used in calculating each of the criteria on which an incentive is based and their relative weights. The incentive opportunity shall be expressed as an amount of cash, percentage of salary, or by other formula. The Committee may also specify a minimum acceptable level of achievement of the relevant performance objectives, as well as one or more additional levels of achievement, and a formula to determine the percentage of the incentive opportunity earned by the employee upon attainment of each such level of achievement. The performance objectives and incentive opportunity relating to any particular incentive need not be the same as those relating to any other incentive, whether made at the same or a different time. The Committee may delegate to the Chief Executive Officer of the Company the establishment and measurement of such performance objectives for Participants who are not Covered Employees.

ESTABLISHMENT OF PERFORMANCE OBJECTIVES AND INCENTIVE OPPORTUNITY. Within 90 days of the commencement of each Plan Year (or such later time as may be permitted for performance-based compensation under [Section 162(m)]), the Committee shall establish written performance objectives and a cash incentive opportunity for each Participant chosen to receive an incentive for such Plan Year. At the time of setting the performance objectives, the Committee shall specify the formula to be used in calculating each of the criteria on which an incentive is based and their relative weights. The incentive opportunity shall be expressed as an amount of cash or percentage of salary. The Committee may also specify a minimum acceptable level of achievement of the relevant performance objectives, as well as one or more additional levels of achievement, and a formula to determine the percentage of the incentive opportunity earned by the employee upon attainment of each such level of achievement. The performance objectives and incentive opportunity relating to any particular incentive need not be the same as those relating to any other incentive, whether made at the same or a different time. The Committee may delegate to the Chief Executive Officer of the Company the establishment and measurement of such performance objectives for Participants who are not Covered Employees.