Common use of Performance Based Restricted Stock Unit Clause in Contracts

Performance Based Restricted Stock Unit. For each Performance Period beginning on and after January 1, 2017, as defined in paragraph B below, and subject to the approval of the Committee, Executive shall be granted a Performance Based Restricted Stock Unit Award (“RSU”) under the Stock Incentive Plan giving Executive the right to receive shares of common stock of the Company (“Shares”) with a fair market value on the date of grant, based on the closing price of the Company’s stock on such date, of three hundred and ninety three thousand seven hundred and fifty dollars ($393,750), or such greater amount as may be provided in a written notice to the Executive from the Committee. Notwithstanding the foregoing, the maximum number of Shares deliverable pursuant to any RSU shall not exceed the maximum number of Shares that could be granted during a calendar year under the Stock Incentive Plan, reduced by the maximum number of shares deliverable pursuant to a PSA granted under Exhibit D during the same calendar year.

Performance Based Restricted Stock Unit. For each Performance Period beginning on and after January 1, 2017, as defined in paragraph B below, and subject to the approval of the Committee, Executive shall be granted a Performance Based Restricted Stock Unit Award (“RSU”) under the Stock Incentive Plan giving Executive the right to receive shares of common stock of the Company (“Shares”) with a fair market value on the date of grant, based on the closing price of the Company’s stock on such date, of three six hundred and ninety three twenty-five thousand seven hundred and fifty dollars ($393,750625,000), or such greater amount as may be provided in a written notice to the Executive from the Committee. Notwithstanding the foregoing, the maximum number of Shares deliverable pursuant to any RSU shall not exceed the maximum number of Shares that could be granted during a calendar year under the Stock Incentive Plan, reduced by the maximum number of shares deliverable pursuant to a PSA granted under Exhibit D during the same calendar year.

Performance Based Restricted Stock Unit. For each Performance Period beginning on and after January 1, 2017, as defined in paragraph B below, and subject to the approval of the Committee, Executive shall be granted a Performance Based Restricted Stock Unit Award (“RSU”) under the Stock Incentive Plan giving Executive the right to receive shares of common stock of the Company (“Shares”) with a fair market value on the date of grant, based on the closing price of the Company’s stock on such date, of three one hundred and ninety three eighty four thousand seven hundred and fifty dollars ($393,750184,000), or such greater amount as may be provided in a written notice to the Executive from the Committee. Notwithstanding the foregoing, the maximum number of Shares deliverable pursuant to any RSU shall not exceed the maximum number of Shares that could be granted during a calendar year under the Stock Incentive Plan, reduced by the maximum number of shares deliverable pursuant to a PSA granted under Exhibit D during the same calendar year.