Common use of Earnings Threshold Clause in Contracts

Earnings Threshold. The Committee shall annually set earnings thresholds based upon a comparison of actual earnings of the Company for a Plan Year to (i) its forecasted earnings for that Plan Year and (ii) the amount of dividends paid during the Plan Year. No Incentive Awards shall be made by the Committee if 8 Company earnings (adjusted for Extraordinary Items) in a Plan Year are below the threshold levels established for that year. The earnings thresholds for each Plan Year shall be set forth in the Appendix of Annual Performance Criteria.

Earnings Threshold. The Committee shall annually set earnings thresholds based upon a comparison of actual earnings of the Company for a Plan Year to (i) its forecasted earnings for that Plan Year and (ii) the amount of dividends paid during the Plan Year. No Incentive Awards shall be made by the Committee if 8 Company earnings (adjusted for Extraordinary Items) in a Plan Year are below the threshold levels established for that year. The earnings thresholds for each Plan Year shall be set forth in the Appendix of Annual Performance Criteria.