Common use of Standard Performance Terms Clause in Contracts

Standard Performance Terms. (a) The terms of this Section 1 shall be referred to as the "Standard Performance Terms" and will apply to your Performance Shares except in so far as Sections 2 (Change of Employment Status) or 3 (Change of Control) apply. (b) The initial Performance Period for your Performance Shares (the "Initial Performance Period") will begin on the January 1 preceding the Grant Date and end on December 31 immediately following the Grant Date. The secondary Performance Period for your Performance Shares (the "Secondary Performance Period") will begin on the January 1 preceding the date of grant and end on the December 31 immediately preceding the third anniversary of the beginning of the Secondary Performance Period. After the conclusion of the Secondary Performance Period, the Committee shall certify in writing the number of Performance Shares payable in accordance with Section 1(c) (your "Final Performance Shares"), and your Final Performance Shares will be due and payable in Shares. (c) The Committee will determine your Final Performance Shares by multiplying your Performance Shares by the "Performance Factor." The Performance Factor means a percentage (from zero to 240%) which is the product of the Initial Performance Factor and the TSR multiplier as defined in (1) and (2) below, respectively.