Common use of Performance Objective Clause in Contracts

Performance Objective. The Performance Objective applicable to this Award shall be an adjusted economic combined ratio for the Company and its subsidiaries (the “Adjusted Economic Combined Ratio”) of 94% for the Award Period as a whole. The Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the Adjusted Economic Combined Ratio for each of the three Performance Periods as determined by the Board in its sole discretion.

Performance Objective. The Performance Objective applicable to this Award shall be an adjusted economic combined ratio a Specialty Only Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Specialty Only Adjusted Economic Combined Ratio” or “SOAECR”) of 9492.5% for the Award Period as a whole. The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the average (mean) of the Adjusted Economic Combined Ratio SOAECR for each of the three Performance Periods as determined by the Board Committee in its sole discretion.

Performance Objective. The Performance Objective applicable to this Award shall be an adjusted economic combined ratio a Specialty Only Adjusted Economic Combined Ratio for the Company and its subsidiaries (the “Specialty Only Adjusted Economic Combined Ratio” or “SOAECR”) of 94% for the Award Period as a whole92.5%. The Specialty Only Adjusted Economic Combined Ratio for the Award Period as a whole will be the straight average (mean) of (a) 98.6% (b) 90.9, and (c) the Adjusted Economic Combined Ratio Company’s SOAECR for each of the three Performance Periods 2014 as determined by the Board Committee in its sole discretion.