Common use of Percentage of Performance Shares Earned Clause in Contracts

Percentage of Performance Shares Earned. The extent to which Performance Shares shall become earned shall be determined according to the following schedule: 85th or higher 200 % 50th 100 % 25th 50 % Under 25th 0 % To the extent that the Corporation’s total shareholder return ranks in a percentile between the 25th and the 50th percentile, or between the 50th and the 85th percentile, of comparative performance, then the number of Performance Shares earned shall be determined by multiplying the relative percentile of comparative performance achieved by the Corporation by two (e.g., if the Corporation’s total shareholder return would have placed in the 40th percentile, then 80% of the Performance Shares covered by the Award become earned; if the Corporation’s total shareholder return would have placed in the 75th percentile, then 150% of the Performance Shares covered by the Award become earned).

Percentage of Performance Shares Earned. The extent to which Performance Shares shall become earned shall be determined according to the following schedule: 85th or higher 200 200% 50th 100 100% 25th 50 50% Under 25th 0 0% To the extent that the Corporation’s total shareholder return ranks in a percentile between the 25th and the 50th percentile, or between the 50th and the 85th percentile, of comparative performance, then the number of Performance Shares earned shall be determined by multiplying the relative percentile of comparative performance achieved by the Corporation by two (e.g., if the Corporation’s total shareholder return would have placed in the 40th percentile, then 80% of the Performance Shares covered by the Award become earned; if the Corporation’s total shareholder return would have placed in the 75th percentile, then 150% of the Performance Shares covered by the Award become earned).