Common use of Performance Vesting Requirements Clause in Contracts

Performance Vesting Requirements. The earn out with respect to the PSUs will be determined by reference to the attainment of one or more pre-established performance objectives (as determined prior to the date of grant by the Committee) measured over the first year of the Award Cycle applicable to the grant of PSUs (the “Performance Year”). Depending upon the level of attainment of the relevant performance objective or objectives, Executive shall be eligible to earn 100% of the Target Number for “target-level” performance. No portion of the PSU award shall be earned (and the entire award will be forfeited) if performance is less than target performance. It is intended by the parties that no minimum earn out is guaranteed with respect to such PSU award and that payout at target level will be challenging but attainable. The agreed upon performance objective and required levels of achievement for target payout for the 2018 Performance Year are set forth in attached Schedule A.

Performance Vesting Requirements. The earn out with respect to the PSUs will be determined by reference to the attainment of one or more pre-established performance objectives (as determined prior to the date of grant by the Committee) measured over the first year of the Award Cycle applicable to the grant of PSUs (the “Performance Year”). Depending upon the level of attainment of the relevant performance objective or objectives, Executive shall be eligible to earn 100% of the Target Number for “target-level” performance. No portion of the PSU award shall be earned (and the entire award will be forfeited) if performance is less than target performance. It is intended by the parties that no minimum earn out is guaranteed with respect to such PSU award and that payout at target level will be challenging but attainable. The agreed upon performance objective and required levels of achievement for target payout for the 2018 2019 Performance Year are set forth in attached Schedule A.A. ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Employment Agreement