BY REFERENCE. Provided Mr. Holland is not entitled to a Cash-Based Award under the ▇▇▇, ▇▇ ▇▇▇ ▇▇▇ is in place through Mr. Holland's Separation Date and to the extent Mr. Holland ▇▇ ▇▇▇▇▇▇▇▇ ▇o participate therein, Mr. Holland ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇d to receive cash for each such Cash-Based Award under the PDP held as of such date based on a payout percentage of the greater of 50% or actual performance under the PDP for the performance period in which the Separation Date shall have occurred, and the sum of the quarterly dividends declared on the Common Stock in the performance year of and prior to the Separation Date. For purposes of this Section 2.2(f), payout of each Cash-Based Award under the PDP shall be based upon the performance measurement period that would otherwise have ended on December 31st of the year in which Mr. Holland's Separation Date occurs, all other remaining PPP ▇▇▇▇▇▇▇▇▇▇▇ measurement periods shall terminate with respect to Mr. Holland and no payment to Mr. Holland shall be made with ▇▇▇▇▇▇▇ ▇▇ereto.
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BY REFERENCE. Provided Mr. Holland is not entitled to a Cash-Based Award under the ▇▇▇PDP, ▇i▇ ▇▇▇ ▇▇▇ is ▇s in place through Mr. Holland's Separation Date and to the extent Mr. Holland ▇▇ ▇▇▇▇▇▇▇▇ ▇o d to participate therein, Mr. Holland ▇▇sh▇▇▇ ▇▇ ▇▇▇▇▇▇▇d led to receive cash for each such Cash-Based Award under the PDP held as of such date based on a payout percentage of the greater of 50% or actual performance under the PDP for the performance period in which the Separation Date shall have occurred, and the sum of the quarterly dividends declared on the Common Stock in the performance year of and prior to the Separation Date. For purposes of this Section 2.2(f), payout of each Cash-Based Award under the PDP shall be based upon the performance measurement period that would otherwise have ended on December 31st of the year in which Mr. Holland's Separation Date occurs, all other remaining PPP ▇▇▇▇▇▇▇▇▇▇▇ measurement ▇easurement periods shall terminate with respect to Mr. Holland and no payment to Mr. Holland shall be made with respe▇▇ ▇▇▇▇▇▇▇ ▇▇ereto.
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