Common use of Disability During Performance Period Clause in Contracts

Disability During Performance Period. If the Participant becomes Disabled during the Performance Period, the prorata number of the PSUs shall be equal to (A) the total number of granted PSUs under Section 1(a) plus any dividend equivalents multiplied by (B) a fraction, the numerator of which shall be the number of full calendar months elapsed from the Date of Grant through the end of the calendar year that contains the date on which the Participant becomes eligible for long-term disability benefits and the denominator of which shall be 39 (i.e., the number of calendar months in the Vesting Period, treating the calendar month following the Date of Grant as the first calendar month). For the avoidance of doubt, any short-term disability period shall be included when determining the numerator in the preceding sentence. Notwithstanding anything in this Agreement to the contrary, the actual number of PSUs to be settled shall be the prorated number of PSUs determined pursuant to this clause multiplied by the average STIP payout for the completed calendar years during the Performance Period before the year of settlement. For example, if the Participant becomes eligible for long-term disability benefits during the second calendar year of the Performance Period, the average STIP payout will be the average of the actual payout percentage determined for achievement of the corporate measures established under the STIP for the first and second calendar years during the Performance Period.

Disability During Performance Period. If the Participant becomes Disabled during the Performance Period, the prorata number of the PSUs shall be equal to (A) the total number of granted PSUs under Section 1(a) plus any dividend equivalents multiplied by (B) a fraction, the numerator of which shall be the number of full calendar months elapsed from the Date of Grant through the end of the calendar year that contains the date on which the Participant becomes eligible for long-term disability benefits and the denominator of which shall be 39 [40] (i.e., the number of calendar months in the Vesting Period, treating the calendar month following containing the Date of Grant as the first a full calendar month). For the avoidance of doubt, any short-term disability period shall be included when determining the numerator in the preceding sentence. Notwithstanding anything in this Agreement to the contrary, the actual number of PSUs to be settled shall be the prorated number of PSUs determined pursuant to this clause multiplied by the average STIP payout for the completed calendar years during the Performance Period before the year of settlement. For example, if the Participant becomes eligible for long-term disability benefits during the second calendar year of the Performance Period, the average STIP payout will be the average of the actual payout percentage determined for achievement of the corporate measures established under the STIP for the first and second calendar years during the Performance Period.

Disability During Performance Period. If the Participant becomes Disabled during the Performance Period, the prorata pro rata number of the PSUs shall be equal to (A) the total number of granted PSUs under Section 1(a) plus any dividend equivalents multiplied by (B) a fraction, the numerator of which shall be the number of full calendar months elapsed from the Date of Grant through the end of the calendar year that contains the date on which the Participant becomes eligible for long-term disability benefits and the denominator of which shall be 39 (i.e.40(i.e., the number of calendar months in the Vesting Period, treating the calendar month following containing the Date of Grant as the first a full calendar month). For the avoidance of doubt, any short-term disability period shall be included when determining the numerator in the preceding sentence. Notwithstanding anything in this Agreement to the contrary, the actual number of PSUs to be settled shall be the prorated number of PSUs determined pursuant to this clause multiplied by the average STIP payout for the completed calendar years during the Performance Period before the year of settlement. For example, if the Participant becomes eligible for long-term disability benefits during the second calendar year of the Performance Period, the average STIP payout will be the average of the actual payout percentage determined for achievement of the corporate measures established under the STIP for the first and second calendar years during the Performance Period.

Disability During Performance Period. If the Participant becomes Disabled during the Performance Period, the prorata number of the PSUs shall be equal to (A) the total number of granted PSUs under Section 1(a) plus any dividend equivalents multiplied by (B) a fraction, the numerator of which shall be the number of full calendar months elapsed from the Date of Grant through the end of the calendar year that contains the date on which the Participant becomes eligible for long-term disability benefits and the denominator of which shall be 39 40 (i.e., the number of calendar months in the Vesting Period, treating the calendar month following containing the Date of Grant as the first a full calendar month). For the avoidance of doubt, any short-term disability period shall be included when determining the numerator in the preceding sentence. Notwithstanding anything in this Agreement to the contrary, the actual number of PSUs to be settled shall be the prorated number of PSUs determined pursuant to this clause multiplied by the average STIP payout for the completed calendar years during the Performance Period before the year of settlement. For example, if the Participant becomes eligible for long-term disability benefits during the second calendar year of the Performance Period, the average STIP payout will be the average of the actual payout percentage determined for achievement of the corporate measures established under the STIP for the first and second calendar years during the Performance Period.