Common use of Vesting of Performance Restricted Stock Units Clause in Contracts

Vesting of Performance Restricted Stock Units. The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date so long as the Grantee remains an employee of the Company or a Subsidiary on such Date, and subject to attainment of the Company’s performance goals as set forth herein. The actual number of shares of Stock earned by the Grantee (the “Earned Shares”) will vary depending upon the Company’s performance during the Performance Measurement Period with respect to core return on equity (“Core ▇▇▇”) and core earnings per share growth (“Core EPS Growth”) relative to Core ▇▇▇ and Core EPS Growth for the same period of the Peer Group. Core ▇▇▇ and Core EPS Growth performance have equal weighting in determining the number of shares of Stock earned. The Company’s relative performance ranking in Core ▇▇▇ and Core EPS Growth in each calendar year in the Performance Measurement Period will be averaged to determine the actual number of Earned Shares pursuant to the following table: The Company must achieve threshold performance at the 25th percentile for the applicable metric for any shares to become Earned Shares based on that metric. Payouts range from 50% to 200% of the target award based on a straight line interpolation for performance from the 25th percentile to the 100th percentile. Once performance results for the Company and the Peer Group are available, the Administrator shall certify performance achievement within ten (10) days. Upon certification by the Administrator and subject to continued employment of the Grantee by the Company through the Vesting Date, the Earned Shares shall be issued and delivered to the Grantee, either via book entry or actual stock certificates, and the Grantee’s name shall be entered as the stockholder of record on the books of the Company, within ten (10) days following such certification or Vesting Date, if later. Thereupon, the Grantee shall have all the rights of a shareholder with respect to such Earned Shares, including voting and dividend rights. For purposes of this Agreement, the following terms shall have the following meanings:

Vesting of Performance Restricted Stock Units. The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date so long as the Grantee remains an employee of the Company or a Subsidiary on such DateDate except as otherwise provided herein, and subject to attainment of the Company’s performance goals as set forth herein. herein The actual number of shares of Stock earned by the Grantee (the “Earned Shares”) will vary depending upon the Company’s performance during the Performance Measurement Period with respect to core return on equity (“Core ▇▇▇”) and core earnings per share growth (“Core EPS Growth”) the following metrics: relative to Core ▇▇▇ and Core EPS Growth for the same metrics over the same period of the Peer Group. Core ▇▇▇ and Core EPS Growth performance have equal weighting in determining the number of shares of Stock earned. The Company’s relative performance ranking in Core ▇▇▇ #Metric1#, #Metric2# and Core EPS Growth in each calendar year in #Metric3# over the entire Performance Measurement Period will be averaged used to determine the actual number of Earned Shares pursuant to the following table: Percentiles that fall between whole numbers will be rounded to the nearest whole number. The Company must achieve threshold performance at the 25th percentile for the applicable metric for any shares to become Earned Shares based on that metric. Payouts range from 50% to 200% of the target award based on a straight line interpolation for performance from the 25th percentile to the 100th percentile. Once performance results for the Company and the Peer Group are available, the Administrator shall certify performance achievement within ten thirty (1030) days. Upon certification by the Administrator Administrator, and subject to continued employment of the Grantee by the Company through the Vesting DateDate except as otherwise provided herein, the Earned Shares shall be issued and delivered to the Grantee, either via book entry or actual stock certificates, and the Grantee’s name shall be entered as the stockholder of record on the books of the Company, within ten (10) days following such certification or Vesting Date, if later. Thereupon, the Grantee shall have all the rights of a shareholder with respect to such Earned Shares, including voting and dividend rights. For purposes Notwithstanding the foregoing, in the event of this Agreementthe Grantee’s death, provided that the following terms Grantee was an employee of the Company or a Subsidiary immediately prior to the date of the Grantee’s death, any Performance Restricted Stock Units that have not vested and have not previously been forfeited shall have become fully vested on the following meanings:date of the Grantee’s death.