Common use of Illustrative Example Clause in Contracts

Illustrative Example. Executive has been awarded 100 PSUs for Period One, 100 PSUs for Period Two and 100 PSUs for Period Three. If for Period One the Operating Income is $ (75% of the Operating Income Performance Target) and Operating Margin is (less than Threshold), for Period Two the Operating Income is $ ( % of the Operating Income Performance Target) and the Operating Margin is ( % of the Operating Margin Performance Target) and for Period Three, Operating Income is $ ( % of the Operating Income Performance Target) and Operating Margin is ( % of the Operating Margin Performance Target), then provided that the Additional Vesting Condition is met, Shares shall be delivered to the Executive between March 5 and March 15, 201 , plus a cash payment equal to shares multiplied by the Fair Market Value of a Share on March 5, 201 . The shares were determined by adding (1) Shares for Period One, (2) Shares for Period Two ( Shares for meeting the Operating Income Performance Target and Shares for meeting the Operating Margin Performance Target) and (3) ) for Period Three ( shares for achieving % of the Operating Income Performance Target and shares for achieving % of the Operating Margin Performance Target), rounding down by fractional shares.

Illustrative Example. Executive has been awarded 100 PSUs for Period One, 100 PSUs for Period Two and 100 PSUs for Period Three. If for Period One the Operating Income is $ (75% of the Operating Income Performance Target) and Operating Margin is (less than Threshold), for Period Two the Operating Income is $ ( (100% of the Operating Income Performance Target) and the Operating Margin is ( (100% of the Operating Margin Performance Target) and for Period Three, Operating Income is $ ( (110% of the Operating Income Performance Target) and Operating Margin is ( (125% of the Operating Margin Performance Target), then provided that the Additional Vesting Condition is met, 286 Shares shall be delivered to the Executive between March 5 and March 15, 201 , plus a cash payment equal to .67 shares multiplied by the Fair Market Value of a Share on March 5, 201 . The 286 shares were determined by adding (1) 16.67 Shares for Period One, (2) 100 Shares for Period Two ( (50 Shares for meeting the Operating Income Performance Target and 50 Shares for meeting the Operating Margin Performance Target) and (3) ) 170 for Period Three ( (70 shares for achieving 110% of the Operating Income Performance Target and 100 shares for achieving 125% of the Operating Margin Performance Target), rounding down by .67 fractional shares.