Common use of Earned PUs Clause in Contracts

Earned PUs. The number of PUs earned by the Participant for the Annual Performance Period will be determined at the end of the Annual Performance Period based on the level of achievement of the Management Objectives in accordance with Exhibit I. All determinations of whether Management Objectives have been achieved, the number of PUs earned by the Participant, and all other matters related to this Section 3 shall be made by the Committee in its sole discretion. If results for Management Objectives are attained at performance levels below target, a proportionate number of PUs shall be earned, as determined by mathematical interpolation, up to target. No additional PUs shall be earned for results in excess of the target level of results for the Management Objectives.