Common use of Performance Restriction Clause in Contracts

Performance Restriction. In order for the Units to vest, the Committee must determine that the Company has achieved 4.5% or greater Adjusted Pre-Tax Margin (defined below) in at least three calendar quarters of any of the next seven calendar quarters starting April 1, 2024 (the “Performance Restriction”). The seven calendar quarters beginning April 1, 2024, and ending December 31, 2025 are defined as the (“Measurement Period”). This determination shall occur during the ninety (90) day period following the end of the Measurement Period. For purposes of this Agreement, the following definitions shall apply:

Performance Restriction. In order for the Units to vest, the Committee must determine that the Company has achieved 4.55% or greater Adjusted Pre-Tax Margin (defined below) in at least three calendar quarters of any of the next seven calendar quarters starting April 1, 2024 2023 (the “Performance Restriction”). The seven calendar quarters beginning April 1, 20242023, and ending December 31, 2025 2024 are defined as the (“Measurement Period”). This determination shall occur during the ninety (90) day period following the end of the Measurement Period. For purposes of this Agreement, the following definitions shall apply:

Performance Restriction. In order for the Units to vest, the Committee must determine that the Company has achieved 4.56.0% or greater Adjusted Pre-Tax Margin (defined below) in at least three calendar quarters of any of the next seven calendar quarters starting April 1, 2024 2025 (the “Performance Restriction”). The seven calendar quarters beginning April 1, 20242025, and ending December 31, 2025 2026 are defined as the (“Measurement Period”). This determination shall occur during the ninety (90) day period following the end of the Measurement Period. For purposes of this Agreement, the following definitions shall apply: