Common use of Forfeitable Performance Shares Clause in Contracts

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awarded] Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 2004, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awarded] 1,280 Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042007, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awarded] 2,400 Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042007, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awardedX,XXX] Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042000, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awarded] 800 Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042007, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awardedshares] Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042005, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awardedXXXX] Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042001, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awarded] 2,400 Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042003, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.

Forfeitable Performance Shares. (a) In lieu of earning Contingent Performance Shares, the Grantee may elect to receive [number of shares awardedXXXX] Forfeitable Performance Shares, irrespective of whether the Company meets any Performance Goals. The Grantee must make any such election on or before September 30, 20042002, and the election must be made in writing, in a manner prescribed by the Committee. Once made, the election is irrevocable. If a Grantee makes such an election, he shall not receive any Contingent Performance Shares under this Agreement.