Form and Timing of Payment of Performance Awards. Payment of earned Performance Awards shall be as determined by the Committee at the Grant Date and shall be evidenced in the Award Agreement. Subject to the terms of the Plan and the Award Agreement, the Committee, in its sole discretion, may pay earned Performance Awards in the form of cash, Stock or other Awards (or in a combination cash, Stock or other Awards) equal to the value of the earned Performance Awards, payable at the close of the applicable Performance Period, or within 60 days after the end of the Performance Period. Any cash, Stock, or other Awards issued in connection with a Performance Award may be issued subject to any restrictions deemed appropriate by the Committee.
Form and Timing of Payment of Performance Awards. Payment of earned PerformancePerformance-Based Awards shall be as determined by the Committee at the Grant Date and shall beas evidenced in the applicable Award Agreement. Subject to the terms of the Plan and the Award Agreement,Plan, the Committee, in its sole discretion, may pay earned PerformancePerformance-Based Awards in shares of Stock and shall pay the form of cash, Stock or other Awards (or in a combination cash, Stock or other Awards) equal to the value of thethat have been earned Performance Awards, payable at the close of the applicable Performance Period, or within 60 daysas soon as reasonably practicable after the Committee has determined that the performance goal or goals have been achieved; provided that, unless specifically provided in the Award Agreement for such Awards, such payment shall occur no later than the 15th day of the third month following the end of the calendar year in which such Performance Period.Period ends. Any cash, Stock, or othershares of Stock paid out under such Awards issued in connection with a Performance Award may be issuedgranted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with respect to the form of payout of such Awards shall be set forth in the Award Agreement for the Awards.
Form of Payment and Timing of Payment of PerformancePerformance-Based Awards. Payment of earned PerformancePerformance-Based Awards shall be as determined by the Committee atand as evidenced in the Grant Dateapplicable Award Agreement. Earned Performance-Based Awards may be paid in shares of Common Stock and shall be evidenced in the Award Agreement. Subjectpayable, to the terms of the Plan and the Award Agreement, the Committee, in its sole discretion, may pay earned Performance Awards in the form of cash, Stock or other Awards (or in a combination cash, Stock or other Awards) equal to the value of the earned Performance Awards, payableextent earned, at the close of the applicable Performance Period, or within 60 daysas soon as reasonably practicable after the endCommittee has determined that the performance goal or goals have been achieved. Any shares of the Performance Period. Any cash, Stock, or otherCommon Stock paid out under such Awards issued in connection with a Performance Award may be issuedgranted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with respect to the form of payout of such Awards shall be set forth in the Award Agreement.
Form and Timing of Payment of Awards. Following the conclusion of each Performance Awards. PaymentPeriod, the Committee shall determine the extent to which performance criteria have been attained, and the satisfaction of earnedany other terms and conditions with respect to an Award relating to such Performance AwardsPeriod. The Committee shall determine what, if any, payment is due with respect to an Award and whether such payment shall be made in cash, Shares or a combination thereof. Payment shall be made on such date(s) after the end of the applicable Performance Period as the Committee establishes at the time the Award is granted in a single lump sum unless the Committee provides otherwise, subject to such terms and conditions and in such form as may be prescribed by the Committee. Unless the Committee provides otherwise, the payment date so established by the Committee shall not be later than March 15 of the year after the year in which the Performance Period ends. Payment in Stock may be in Restricted Stock as determined by the Committee at the Grant Date and shall be evidenced intime the Award Agreement. Subject to the terms of the Plan and the Award Agreement, the Committee, in its sole discretion, may pay earned Performance Awards in the form of cash, Stock or other Awards (or in a combination cash, Stock or other Awards) equal to the value of the earned Performance Awards, payable at the close of the applicable Performance Period, or within 60 days after the end of the Performance Period. Any cash, Stock, or other Awards issued in connection with a Performance Award may be issued subject to any restrictions deemed appropriate by the Committee.is granted.
Form and Timing of Payment of Performance Awards.Units/Performance Shares. Payment of earned Performance AwardsUnits/Performance Shares shall be as determined by the Committee at the Grant Date and shall beas evidenced in the Award Agreement. Subject to the terms of the Plan and the Award Agreement,this Plan, the Committee, in its sole discretion, may pay earned Performance AwardsUnits/Performance Shares in the form of cash, Stockcash or other Awardsin Shares (or in a combination cash, Stock or other Awards)thereof) equal to the value of the earned Performance Awards, payableUnits/Performance Shares at the close of the applicable Performance Period, or within 60 daysas soon as practicable after the end of the Performance Period. Any cash, Stock, or other Awards issued in connection with a Performance AwardShares may be issuedgranted subject to any restrictions deemed appropriate by the Committee. The determination of the Committee with respect to the form of payout of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award.
Form and Timing of Payment of Performance Awards. Payment of earnedPayment. Except as provided in [Article 11] or as may be provided in an Award Agreement, Performance Awards shallwill be as determined by the Committee at the Grant Date and shall be evidenced in the Award Agreement. Subject to the terms of the Plan and the Award Agreement, the Committee, in its sole discretion, may pay earned Performance Awards in the form of cash, Stock or other Awards (or in a combination cash, Stock or other Awards) equal to the value of the earned Performance Awards, payable at the close of the applicable Performance Period, or within 60 daysdistributed only after the end of the relevant Performance Period. Any cash, Stock, or otherPerformance Awards issued in connection with a Performance Award may be issuedpaid in cash, Shares, or any combination thereof in the sole discretion of the Committee. Performance Awards may be paid in a lump sum or in installments following the close of the Performance Period or, in accordance with procedures established by the Committee, on a deferred basis subject to any restrictions deemed appropriate by the Committee.requirements of Section 409A of the Code.
Form and Timing of Payment of Performance Awards.Payment. Payment of earned Performance Awards shallwill be asmade at the time(s) determined by the Committee at the Grant DateAdministrator and shall be evidencedset forth in the Award Agreement. Subject to the terms of the Plan and the Award Agreement, the Committee,The Administrator, in its sole discretion, may paysettle earned Performance Awards in the form of cash, StockShares, or other Awards (or in a combination cash, Stock or other Awards) equal to the value of the earned Performance Awards, payable at the close of the applicable Performance Period, or within 60 days after the end of the Performance Period. Any cash, Stock, or other Awards issued in connection with a Performance Award may be issued subject to any restrictions deemed appropriate by the Committee.both.
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