Example ContractsClausesindividual goals performance componentVariants
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For purposes of [Sections 9, 10, 11 and 12]2]2]2] hereof, “performance goals” shall mean the criteria and objectives, determined by the Committee pursuant to the Plan, which shall be satisfied or met during the Period of Restriction or Performance Period, as the case may be, as a condition to the Participant’s receipt, in the case of a grant of the Restricted Stock, of the shares of Stock subject to such grant, or in the case of Awards of Restricted Stock Units, Performance Units or Performance Shares, of payment with respect to such Awards.

For purposeseach Award of [Sections 9, 10, 11 and 12]2]2]2] hereof, “performance goalsPerformance Shares or Performance Units, the Committee shall meanestablish (and may establish for other Awards) performance objectives ("Performance Goals") for the Company, its Subsidiaries, and/or divisions of any of foregoing, using the criteria and objectives,other factors set forth in [(b) and (c)])], below. It may also use other criteria or factors in establishing Performance Goals in addition to or in lieu of the foregoing. A Performance Goal may be stated as an absolute value or as a value determined relative to an index, budget, prior period, similar measures of a peer group of other companies or other standard selected by the Committee pursuantCommittee. Performance Goals shall include payout tables, formulas or other standards to be used in determining the Plan,extent to which the Performance Goals are met, and, if met, the number of Performance Shares and/or Performance Units which would be converted into Stock and/or cash (or the rate of such conversion) and distributed to Participants in accordance with [Section 8.6]. Unless previously canceled or reduced, Performance Shares and Performance Units which may not be converted because of failure in whole or in part to satisfy the relevant Performance Goals or for any other reason shall be satisfiedcanceled at the time they would otherwise be distributable. When the Committee desires an Award of Performance Shares, Performance Units, Restricted Stock or met during the Period of Restriction or Performance Period, as the case may be, as a conditionRestricted Stock Units to the Participant’s receipt, in the case of a grantqualify under Section 162(m) of the Restricted Stock,Code, as amended, the Committee shall establish or modify the Performance Goals for the respective Award prior to or within 90 days of the sharesbeginning of Stock subjectthe Performance Period relating to such grant,Performance Goal, and not later than after twenty-five percent (25%) of such period has elapsed. For all other Awards, the Performance Goals must be established or inmodified before the caseend of Awards of Restricted Stock Units,the respective Performance Units or Performance Shares, of payment with respect to such Awards.Period.

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