Common use of Effective 2020 Clause in Contracts

Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. *Fiscal 2018 (January 1, 2018 to December 31, 2019 Paid out in 2019) *Fiscal 2019 (January 1, 2019 to December 31, 2020 Paid out in 2021)

Effective 2020. The parties agree to the Short Term Incentive Program. For fiscal 2019 five percent (0 to 8% payout) of base income will be paid as a lump sum to eligible employees provided Company and business unit targets are achieved. If the threshold targets are not met, no payout will be made. In the event that the Company is unable to establish the criteria for the department incentive, the incentive compensation payout will default to the Company scorecard targets set at the beginning of the fiscal year. *Fiscal 2018 2021 (January 1, 2018 2021 to December 31, 2019 2021. Paid out in 20192022) *Fiscal 2019 2022 (January 1, 2019 2022 to December 31, 2020 2023. Paid out in 20212024)