Common use of Management Objectives Clause in Contracts

Management Objectives. The Grantee’s right to receive payment of all or any portion of the Performance Shares shall be contingent upon the achievement of certain management objectives established by the Board or the Compensation Committee of the Board (the “Committee”), as the case may be, as set forth below (the “Management Objectives”). The achievement of the Management Objectives will be measured during the Performance Period set forth above. The Management Objectives for the Performance Period shall relate to basic earnings per share and annual dividend yield on book value and shall apply as follows: (a) Fifty percent (50%) of the total number of Performance Shares shall be dependent on the Company’s percentage growth (whether positive or negative) in basic earnings per share during the Performance Period relative to the percentage growth in basic earnings per share of the companies listed on Exhibit A (the “Performance Peer Group”) during the same period (the “Relative EPS Performance Shares”). (b) Fifty percent (50%) of the total number of Performance Shares shall be dependent on the average of the Company’s annual dividend yield on book value during the Performance Period relative to the average of the annual dividend yield on book value of the companies in the Performance Peer Group during the same period (the “Relative Dividend Yield Performance Shares”).

Management Objectives. The Grantee’s right to receive payment of all or any portion of the Performance Shares shall be contingent upon the achievement of certain management objectives established by the Board or the Compensation Committee of the Board (the “"Committee”"), as the case may be, as set forth below (the “"Management Objectives”"). The achievement of the Management Objectives will be measured during the Performance Period set forth above. The Management Objectives for the Performance Period shall relate to basic earnings per share and annual dividend yield on book value and shall apply as follows: (a) Fifty percent (50%) of the total number of Performance Shares shall be dependent on the Company’s 's percentage growth (whether positive or negative) in basic earnings per share during the Performance Period relative to the percentage growth in basic earnings per share of the companies listed on Exhibit A (the “"Performance Peer Group”") during the same period (the “"Relative EPS Performance Shares”"). (b) Fifty percent (50%) of the total number of Performance Shares shall be dependent on the average of the Company’s 's annual dividend yield on book value during the Performance Period relative to the average of the annual dividend yield on book value of the companies in the Performance Peer Group during the same period (the “"Relative Dividend Yield Performance Shares”").