Value/Performance Goals. Each Performance Unit shall have an initial value that is established by the Board at the time of grant, that is equal to the Fair Market Value of a Share on the Grant Date. The Board shall set the Business Criteria which, depending on the extent to which they are met, will determine the number or value of Performance Units or Performance Shares that will be paid to the Grantee. For purposes of this Article 10, the time period during which the performance goals must be met shall be called a "Performance Period." The Board shall have complete discretion to establish the performance goals.
Value/Performance Goals.VALUE OF PERFORMANCE UNITS/SHARES. Each Performance Unit shall have an initial value that is established by the BoardCommittee at the time of grant, that isgrant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date.date of grant. The BoardCommittee shall set the Business Criteriaperformance goals in its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Units or Performance Units/Shares that will be paid out to the Grantee.Participant. For purposes of this Article 10,9, the time period during which the performance goals must be met shall be called a "Performance Period." The Board shall have complete discretion to establish the performance goals.
Value/Value of Performance Goals.Units/Performance Shares. Each Performance Unit shall have an initial value that is established by the BoardCommittee at the time of grant, that isgrant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date. The Board shallCommittee shall, in its sole discretion, set the Business Criteria which, depending on theperformance goals, as provided for in Article 12. The extent to which theythe performance goals are met,met will determine the number value and/or valuenumber of Performance Units or Units/Performance Shares that will be paid out to the Grantee. For purposes of this Article 10, the time period during which the performance goals must be met shall be called a "Performance Period." The Board shall have complete discretion to establish the performance goals. Participant.
Value/Value of Performance Goals.Units/ Performance Shares. Each Performance Unit shall have an initial value that is established by the BoardCompensation Committee at the time of grant, that isgrant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date.date of grant. The BoardCompensation Committee shall set the Business Criteriaperformance goals in its discretion which, depending on the extent to which they are met, will determine the number value and/or valuenumber of Performance Units orUnits/ Performance Shares that will be paid out to the Grantee. For purposesParticipant. In the case of thisPerformance Units and or Performance Shares intended to constitute Performance-Based Compensation the applicable performance goal(s) for such Awards shall comply with the requirements of Article 10, the time period during which the performance goals must be met shall be called a "Performance Period." The Board shall have complete discretion to establish the performance goals. 11.
Value/Section # Value of Performance Goals.Units/Shares. Each Performance Unit shall have an initial value that is established by the Board atCommittee on or before the time of grant, that isGrant Date. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the Grant Date. The Board shall set the Business Criteria which, depending on the extent to which they are met, will determine the number or value of Performance Units or Performance Shares that will be paid to the Grantee. For purposes of this Article 10, the time period during which the performance goals must be met shall be called a "Performance Period." The Board shall have complete discretion to establish the performance goals.
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