Common use of Performance Shares Award Clause in Contracts

Performance Shares Award. You have been awarded an initial grant (the “Initial Grant”) of Performance Shares. This grant represents a right to receive shares of common stock of the Company, calculated as described below, provided the applicable performance measures and vesting requirements set forth in this agreement have been satisfied. No shares are awarded or issued to you on the Initial Grant Date.

Performance Shares Award. You have been awarded an initial grant of Performance Shares (the “Initial GrantPerformance Shares”) shown on the attached Notice of Performance SharesGrant, which notice is incorporated herein by reference. This grant represents a right to receive shares of common stock of the Company, calculated as described below, provided the applicable performance measures and vesting requirements set forth in this agreement Agreement have been satisfied. No shares of common stock are awarded or issued to you on the Initial Grant DateDate of Grant.

Performance Shares Award. You have been awarded an initial grant (the “Initial Grant”) of Performance Shares. This grant represents a right to receive shares of common stock of the Company, calculated as described below, provided the applicable performance measures and vesting requirements set forth in this agreement Agreement have been satisfied. No shares are awarded or issued to you on the Initial Grant DateDate of Xxxxx.