Common use of Number of Performance Units Earned Clause in Contracts

Number of Performance Units Earned. Except as may be provided in paragraph 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on the three-year average ROIC (as determined in paragraph 6.A.) as of the last day of the Performance Period. For purposes of this Award, ROIC shall be expressed as follows: Three-Year Average ROIC = ( ( NOPAT (Yr1)Average Invested Capital (Yr1) ) + ( NOPAT (Yr2)Average Invested Capital (Yr2) ) + ( NOPAT (Yr3)Average Invested Capital (Yr3) ) ) ÷ 3 Return on invested capital (ROIC) is a profit measure that is calculated by taking the Company's net operating profit after tax (NOPAT), divided by average invested capital. NOPAT represents net income plus after tax interest expense, adjusted for after tax income related to average liquidity (cash, short-term investments and company-owned life insurance policies) in excess of $200 million and the deferral of a portion of restructuring or other charges to the extent approved by the Committee. Average invested capital represents the average shareholders' equity and average long-term debt, adjusted for average liquidity in excess of $200 million and the impact of recent acquisitions or other adjustments to the extent approved by the Committee. A. The number of Performance Units earned based upon three-year average ROIC shall be based upon the following chart. Interpolation shall be used in the event the Company's percentile rank does not fall directly on one of the ranks listed in the table below and in no event will the payout as a percent of target exceed 200%. «First_Name» «Last_Name» B. Total Performance Units Earned and Vesting

Number of Performance Units Earned. Except as may be provided in paragraph section 7 below, after completion of the Performance Period, the total number of Performance Units will be earned and vested based entirely on the three-year average ROIC (as determined in paragraph section 6.A.) as of the last day of the Performance Period. For purposes of this Award, ROIC shall be expressed as follows: Three-Year Average ROIC = ( ( NOPAT (Yr1)Average Invested Capital (Yr1) ) + ( NOPAT (Yr2)Average Invested Capital (Yr2) ) + ( NOPAT (Yr3)Average Invested Capital (Yr3) ) ) ÷ 3 Return on invested capital (ROIC) is a profit measure that is calculated by taking the Company's net operating profit after tax (NOPAT), divided by average invested capital. NOPAT represents net income plus after tax interest expense, adjusted for after tax income related to average liquidity (cash, short-term investments and company-owned life insurance policies) in excess of $200 million and the deferral of a portion of restructuring or other charges to the extent approved by the Committee. Average invested capital represents the average shareholders' equity and average long-term debt, adjusted for average liquidity in excess of $200 million and the impact of recent acquisitions or other adjustments to the extent approved by the Committee. A. The number of Performance Units earned based upon three-year average ROIC shall be based upon the following chart. Interpolation shall be used in the event the Company's percentile rank does not fall directly on one (1) of the ranks listed in the table below and in no event will the payout as a percent of target exceed 200%. «First_Name» «Last_Name». B. Total Performance Units Earned and Vesting