Common use of Long Term Annual Incentive Award Clause in Contracts

Long Term Annual Incentive Award. (a) The Long-Term Annual Incentive Award shall be paid in Restricted Stock to be purchased on the open market. The number of shares of Restricted Stock payable shall be based on the average price per share for all shares purchased by the Corporation to pay Awards approved concurrently by the Plan Administrator.

Long Term Annual Incentive Award. (a) The Long-Long Term Annual Incentive Award shall be paid in Restricted Stock to be purchased on in the open market. The number Such Restricted Stock shall be held in the Trust for the benefit of the Grantee. Dividends paid on the Restricted Stock while held in the Trust shall be reinvested in shares of common stock of the Corporation, par value $6.00 per share, under the Corporation's Dividend Reinvestment Plan. Each Grantee shall have the right to vote the Restricted Stock payable shall be based on the average price per share for all shares purchased by the Corporation to pay Awards approved concurrently by the Plan AdministratorStock.