Common use of Performance Adjustments Clause in Contracts

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales goals and annual NOP goals for the 20__, 20__, and 20__ fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and NOP goals and the corresponding performance adjustment multiples are as follows: Threshold 0.5X Target 1.0X Maximum 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. The calculation of the “Adjusted Award Units” based on performance versus these annual goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for 20__ is 5%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20__ is 12%, the multiple for that performance goal for that year will be 2.0X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales growth goals and annual NOP growth goals for the 20__, 20__, and 20__ fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and growth goals, the annual NOP growth goals and the corresponding performance adjustment multiples are as follows: Threshold __% __% 0.5X Target __% __% 1.0X Maximum 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. % __% 2.0X The calculation of the “Adjusted Award Units” based on performance versus these annual growth goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures goals and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for in 20__ is 5__%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20__ is 12__%, the multiple for that performance goal for that year will be 2.0X. 1.5X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. In order to reduce the potential impact of volatility in NOP results, the annual NOP percentage growth rate will not in any case be determined from a base NOP level that is less than 50% of the 20__ NOP level. For example, if 20__ NOP is less than 50% of the 20__ NOP level, then the annual NOP percentage growth rate for 20__ will be determined from a base of 50% of the 20__ NOP level, rather than from the actual 20__ NOP level. The “Adjusted Award Units” will be subject to reduction for failure to generate Return on Invested Capital (“ROIC”) that exceeds Weighted Average Cost of Capital by at least __ basis points (“bps”), as outlined in the table below. The measurement will be based on an average of the basis points difference between annual ROIC and WACC for the three fiscal years 20__, 20__, and 20__. __ bps or lower -20% of target award __ to __ bps -15% of target award __ to __ bps -10% of target award __ to __ bps -5% of target award __ bps or greater No reduction For the purpose of this calculation, ROIC shall be defined as detailed in the annual 10-K disclosure. For the purpose of this calculation, WACC shall be defined as detailed in Attachment A. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales growth goals and annual NOP growth goals for the 20__2019, 20__, 2020 and 20__ 2021 fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and growth goals, the annual NOP growth goals and the corresponding performance adjustment multiples are as follows: Threshold 3% 4% 0.5X Target 5% 9% 1.0X Maximum 12% 20% 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. The calculation of the “Adjusted Award Units” based on performance versus these annual growth goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures goals and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for 20__ in 2019 is 5%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20__ 2019 is 1214.5%, the multiple for that performance goal for that year will be 2.0X. 1.5X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. In order to reduce the potential impact of volatility in NOP results, the annual NOP percentage growth rate will not in any case be determined from a base NOP level that is less than 50% of the 2018 NOP level. For example, if 2019 NOP is less than 50% of the 2018 NOP level, then the annual NOP percentage growth rate for 2020 will be determined from a base of 50% of the 2018 NOP level, rather than from the actual 2019 NOP level. The “Adjusted Award Units” will be subject to reduction for failure to generate Return on Invested Capital (ROIC) that exceeds Weighted Average Cost of Capital by at least 300 basis points (“bps”), as outlined in the table below. The measurement will be based on an average of the basis points difference between annual ROIC and WACC for the three fiscal years 2019, 2020, and 2021. 0 bps or lower (i.e., ROIC at or below WACC) -20% of target award 1 to 99 bps -15% of target award 100 to 199 bps -10% of target award 200 to 299 bps -5% of target award 300 bps or greater No reduction For the purpose of this calculation, ROIC shall be defined as detailed in the annual 10-K disclosure. For the purpose of this calculation, WACC shall be defined as detailed in Attachment A. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales goals and annual NOP goals for the 20__, 20__, and 20__ fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and NOP goals and the corresponding performance adjustment multiples are as follows: Threshold 0.5X Target 1.0X Maximum 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__% __% __% __% Target 1. The calculation of the “Adjusted Award Units” based on performance versus these annual goals will be determined as follows:0X __% __% __% __% Maximum 2. 0X __% __% __% __% (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for 20__ is 5__%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in achieved for 20__ is 12__%, the multiple for that performance goal for that year will be 2.0X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. The “Adjusted Award Units” will be subject to reduction for failure to generate Return on Invested Capital (“ROIC”) that exceeds Weighted Average Cost of Capital by at least ___ basis points (“bps”), as outlined in the table below. The measurement will be based on an average of the basis points difference between annual ROIC and WACC for the three fiscal years 20__, 20__, and 20__. 0 bps or lower (i.e., ROIC at or below WACC) -20% of target award __ to __ bps -15% of target award __ to __ bps -10% of target award __ to __ bps -5% of target award __ bps or greater No reduction For the purpose of this calculation, ROIC shall be defined as detailed in the annual 10-K disclosure. For the purpose of this calculation, WACC shall be defined as detailed in Attachment A. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales growth goals and annual NOP growth goals for the 20__, 20__, and 20__ fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and growth goals, the annual NOP growth goals and the corresponding performance adjustment multiples are as follows: Threshold 0.5X Target 1.0X Maximum 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. The calculation of the “Adjusted Award Units” based on performance versus these annual growth goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures goals and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for in 20__ is 5%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20__ is 12%, the multiple for that performance goal for that year will be 2.0X. 1.5X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. The Company’s actual performance relative In order to reduce the performance goals set forth above and potential impact of volatility in NOP results, the calculation annual NOP percentage growth rate will not in any case be determined from a base NOP level that is less than 50% of the Adjusted Award Units shall 20__ NOP level. For example, if 20__ NOP is less than 50% of the 20__ NOP level, then the annual NOP percentage growth rate for 20__ will be determined by the Management Development and Compensation Committee (the “Committee”) from a base of 50% of the Board of Directors following 20__ NOP level, rather than from the conclusion of the Performance Periodactual 20__ NOP level. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.” will be subject to reduction for failure to generate Return on Invested Capital (“ROIC”) that exceeds Weighted Average Cost of Capital by at least 300 basis points (“bps”), as outlined in the table below. The measurement will be based on an average of the basis points difference between annual ROIC and WACC for the three fiscal years 20__, 20__, and 20__. __ bps or lower (i.e., ROIC at or below WACC) -20% of target award __ to __ bps -15% of target award __ to __ bps -10% of target award __ to __ bps -5% of target award __ bps or greater No reduction

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales growth goals and annual NOP growth goals for the 20__2019, 20__, 2020 and 20__ 2021 fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and growth goals, the annual NOP growth goals and the corresponding performance adjustment multiples are as follows: Threshold 3% 4% 0.5X Target 5% 9% 1.0X Maximum 12% 20% 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. The calculation of the “Adjusted Award Units” based on performance versus these annual growth goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures goals and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for 20__ in 2019 is 5%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20__ 2019 is 1214.5%, the multiple for that performance goal for that year will be 2.0X. 1.5X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. In order to reduce the potential impact of volatility in NOP results, the annual NOP percentage growth rate will not in any case be determined from a base NOP level that is less than 50% of the 2018 NOP level. For example, if 2019 NOP is less than 50% of the 2018 NOP level, then the annual NOP percentage growth rate for 2020 will be determined from a base of 50% of the 2018 NOP level, rather than from the actual 2019 NOP level. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales goals and annual NOP Free Cash Flow (FCF) goals for the 20__2026, 20__2027, and 20__ 2028 fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth Free Cash Flow goals will be equally weighted. The annual Net Sales and NOP Free Cash Flow goals and the corresponding performance adjustment multiples are as follows: Threshold 0.5X .50X Target 1.0X Maximum 2.0X * *The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__. 2026 The calculation of the “Adjusted Award Units” based on performance versus these annual goals will be determined as follows: (a) “The Company’s actual percent achievement of Company will measure performance over the 2026–2028 Performance Period using two metrics: (1) Net Sales, with the 2026 target set at AOP and growth based Net Sales targets for 20__ or achievement of annual growth for 20__ 2027 and 20__ will be measured for each of the two 2028, and (2) performance measures and Free Cash Flow, replacing NOP, with annual FCF targets established for each of the three (3) fiscal years of the Performance Period;year in order to maintain flexibility and support relevance amid changing macroeconomic conditions.” (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” . For example, if the annual Net Sales growth rate achieved for 202027 is __ is 5_%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in 20Free Cash Flow achieved for 2026 is __ is 12_%, the multiple for that performance goal for that year will be 2.0X. 1.0X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to the Relative TSR Multiplier and all of the other proration and vesting provisions set forth in this Agreement. During the 2026–2028 Performance Period, the Company evaluates two performance metrics each year—Net Sales and Free Cash Flow—with both metrics resetting annually based on that year’s targets. For example, in 2026 the Company achieves $___billion in Net Sales, which represents ___% of the 2026 AOP target, and $___ million in Free Cash Flow, also ___% of the 2026 AOP target, resulting in a target level payout (1.0×) for each of the two 2026 metrics. In 2027, Net Sales increases by ___%, meeting the target annual growth requirement, and the Company also meets its annually set 2027 FCF target, again producing two target level payouts for the year. The Company’s actual performance relative same occurs in 2028, with Net Sales growing ___% and Free Cash Flow meeting the 2028 annual target, each earning another 1.0× payout multiple. Altogether, these results generate six payout multiples, each equal to 1.0×, one for each metric in each of the three years. Averaging the six multiples yields a Final Payout Multiple of 1.0× (100%), which is applied to the performance goals set forth above and the calculation number of the Performance Share Units originally granted, prior to applying any Relative TSR modifier or other vesting provisions. (d) If any Adjusted Award Units are earned pursuant to the calculation outlined above, the number of Adjusted Award Units earned shall be adjusted by multiplying such amount by the Relative TSR Modifier (as defined below), which shall be determined by in accordance with the Management Development and Compensation Committee (schedule set forth below based on the “Committee”) of the Board of Directors following the conclusion of Relative TSR Performance during the Performance Period. The Committee’s determination , provided, however that the Relative TSR Modifier shall be final and conclusive for all purposes under this Agreement. The number in no instance modify the award above 200% of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Unitstarget PSUs.”

Performance Adjustments. The number of Award Units granted hereunder is subject to adjustment based on the Company’s level of achievement versus annual Net Sales goals and annual NOP goals for the 20__, 20__, and 20__ fiscal years (the “Performance Period”). (For purposes of this Agreement, “NOP” will be defined as Net Operating Income). The Net Sales growth goals and NOP growth goals will be equally weighted. The annual Net Sales and NOP goals and the corresponding performance adjustment multiples are as follows: Threshold 0.5X Target 1.0X Maximum 2.0X * The Company’s Annual Operating Plan (AOP) as approved by the Board of Directors for 20__2023. The calculation of the “Adjusted Award Units” based on performance versus these annual goals will be determined as follows: (a) The Company’s actual percent achievement of AOP for 20__ or achievement of annual growth for 20__ and 20__ will be measured for each of the two (2) performance measures and for each of the three (3) fiscal years of the Performance Period; (b) A payout multiple will be determined for each performance goal and for each fiscal year, based on interpolation between the performance goals in the foregoing table (performance relative to a performance goal that is below the threshold for a fiscal year will result in a payout multiple of zero (0) for that performance goal for that fiscal year); and (c) The mean, or average, of the resulting six (6) payout multiples will be applied to the number of Award Units to determine the number of “Adjusted Award Units.” For example, if the annual Net Sales growth rate achieved for 20__ is __5%, the multiple for that performance goal for that year will be 1.0X; and if the annual NOP growth rate in achieved for 20__ is 12%, the multiple for that performance goal for that year will be 2.0X. Similar multiples will be determined for each performance goal and for each of the following fiscal years. The resulting six (6) payout multiples will then be averaged to determine the final payout multiple. This final payout multiple times the number of Award Units originally granted results in the number of Adjusted Award Units that would vest, subject to all of the other proration and vesting provisions set forth in this Agreement. The “Adjusted Award Units” will be subject to reduction for failure to generate Return on Invested Capital (“ROIC”) that exceeds Weighted Average Cost of Capital by at least 300 basis points (“bps”), as outlined in the table below. The measurement will be based on an average of the basis points difference between annual ROIC and WACC for the three fiscal years 20__, 20__, and 20__. __ bps or lower (i.e., ROIC at or below WACC) -20% of target award __ to __ bps -15% of target award __ to __ bps -10% of target award __ to __ bps -5% of target award ___ bps or greater No reduction For the purpose of this calculation, ROIC shall be defined as detailed in the annual 10-K disclosure. For the purpose of this calculation, WACC shall be defined as detailed in Attachment A. The Company’s actual performance relative to the performance goals set forth above and the calculation of the Adjusted Award Units shall be determined by the Management Development and Compensation Committee (the “Committee”) of the Board of Directors following the conclusion of the Performance Period. The Committee’s determination shall be final and conclusive for all purposes under this Agreement. The number of Award Units resulting after adjustment as described above will be referred to herein as the “Adjusted Award Units.”