Common use of Performance Periods Clause in Contracts

Performance Periods. The number of Awarded Shares that are earned and thereafter subject to vesting (the “Earned Shares”) shall be determined by the Compensation Committee, in its sole and absolute discretion, in accordance with Exhibit A, based upon the Company’s achievement relative to the applicable Performance Targets (i) for fifty percent of the Awarded Shares (the “One Year Awarded Shares”) during the period commencing on January 1, 2015 and ending on December 31, 2015, and (ii) for fifty percent of the Awarded Shares (the “Three Year Awarded Shares”) during the period commencing on January 1, 2015 and ending on December 31, 2017 (each a “Performance Period”, and together the “Performance Periods”). Upon the determination that some number of the One Year Awarded Shares are Earned Shares, subject to Section 11, 25% of the Earned Shares that are One Year Awarded Shares shall be vested, and upon the determination that some number of the Three Year Awarded Shares are Earned Shares, subject to Section 11, all of the Earned Shares that are Three Year Awarded Shares shall be vested. For the avoidance of doubt, the One Year Awarded Shares and Three Year Awarded shall be automatically forfeited in their entirety if their respective Performance Target is not achieved at least at the minimum threshold level.

Performance Periods. The number of Awarded Shares that are earned and thereafter subject to vesting (the “Earned Shares”) shall be determined by the Compensation Committee, in its sole and absolute discretion, in accordance with Exhibit A, based upon the Company’s achievement relative to the applicable Performance Targets (i) for fifty percent of the Awarded Shares (the “One Year Awarded Shares”) during the period commencing on January 1, 2015 2014 and ending on December 31, 20152014, and (ii) for fifty percent of the Awarded Shares (the “Three Year Awarded Shares”) during the period commencing on January 1, 2015 2014 and ending on December 31, 2017 2016 (each a “Performance Period”, and together the “Performance Periods”). Upon the determination that some number of the One Year Awarded Shares are Earned Shares, subject to Section 11, 25% of the Earned Shares that are One Year Awarded Shares shall be vested, and upon the determination that some number of the Three Year Awarded Shares are Earned Shares, subject to Section 11, all of the Earned Shares that are Three Year Awarded Shares shall be vested. For the avoidance of doubt, the One Year Awarded Shares and Three Year Awarded shall be automatically forfeited in their entirety if their respective Performance Target is not achieved at least at the minimum threshold level.

Performance Periods. The number of Awarded Shares that are earned and thereafter subject to vesting (the “Earned Shares”) shall be determined by the Compensation Committee, in its sole and absolute discretion, in accordance with Exhibit A, based upon the Company’s achievement relative to the applicable Performance Targets (i) for fifty percent of the Awarded Shares (the “One Year Awarded Shares”) during the period commencing on January 1, 2015 2016 and ending on December 31, 20152016, and (ii) for fifty percent of the Awarded Shares (the “Three Year Awarded Shares”) during the period commencing on January 1, 2015 2016 and ending on December 31, 2017 2018 (each a “Performance Period”, and together the “Performance Periods”). Upon the determination that some number of the One Year Awarded Shares are Earned Shares, subject to Section 11, 25% of the Earned Shares that are One Year Awarded Shares shall be vested, and upon the determination that some number of the Three Year Awarded Shares are Earned Shares, subject to Section 11, all of the Earned Shares that are Three Year Awarded Shares shall be vested. For the avoidance of doubt, the One Year Awarded Shares and Three Year Awarded shall be automatically forfeited in their entirety if their respective Performance Target is not achieved at least at the minimum threshold level.