Performance Factor for Year Two and Year Three Sample Clauses

Performance Factor for Year Two and Year Three. The formula or the grid to be used to calculate the Performance Factor to be used in Year Two and Year Three of the Award will be determined by the Committee in its sole discretion in accordance with the terms of the Plan. For example, in Year Two, the Committee may determine that the Performance Target is an 8% growth in EPS, with appropriate changes in the remaining columns of the above grid. Once determined by the Committee, the Administrator will advise the Participant in writing of the formula to be used to calculate the Performance Factor to be used in Year Two and Year Three of the Award in accordance with the terms of the Plan.