Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Award.
Earning of Performance Awards. After anUpon the expiration of the applicable Performance Period has ended,or other non-performance-based vesting period, if longer, the holder of a Performance Award willshall be entitled to receive a payout foron the value of the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, may reduce or waivePeriod, to be determined as a function of the extent to which the corresponding Performance Objectives have been achieved and any performance objectives or other vesting provisions for suchnon-performance-based terms met. No payment shall be made with respect to a Qualified Performance-Based Award prior to certification by the Committee that the Performance Award.Objectives have been attained.
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