Due to Retirement Prior to Age 62. If your employment with the Company or an Affiliate terminates prior to the Vesting Date and your termination is designated in writing by the Company as a Company-approved Retirement prior to age 62 with at least five years of service with the Company, then, subject to such restrictions as the Company may impose (including, but not limited to, a post-employment non-competition agreement between you and the Company providing for (among other terms, conditions and restrictions) a restricted period expiring on the Vesting Date), (i) all forfeiture restrictions on the Performance Units awarded hereunder shall lapse on the Vesting Date to the same extent as if your employment had not terminated; (ii) the Performance Multiple to be applied to the number of Performance Units awarded hereunder shall be the Performance Multiple for the Performance Period as certified by the Committee; and (iii) for each whole year that has passed since the Date of Grant up to and including the effective date of your Retirement, you shall be eligible to receive a distribution of 33% of the shares of Company common stock represented by the Performance Units awarded hereunder (as adjusted for the applicable Performance Multiple and rounded down to the next whole share). Such shares of Company common stock shall be distributed to you as soon as administratively practicable following the Vesting Date, but no later than 60 days after such date, subject to the six-month delay applicable to specified employees described under “第409A條款,如果2018年計劃中的一個獎項受到稅務法案第409A條款的約束,但不符合稅務法案第409A條款的要求,則上述應稅事件可能應早於所述,並可能導致額外的稅收和處罰。參與者被敦促就稅務法案第409A條款對他們的獎項的適用性諮詢他們的稅務顧問。” below, 在每種情況下,該B類股東和/或該B類股東的家庭成員需獨立控制在此類帳戶、計劃或信託中持有的B類普通股實時; that if you do not comply with the terms of the post-employment non-competition agreement or any other restrictive covenants to which you are subject through the Vesting Date, all Performance Units (including any additional Performance Units which may have been credited to you upon the completion of the Performance Period based on the applicable Performance Multiple) shall be forfeited and canceled.
2
Due to Involuntary Termination Other than for Cause or Performance Reasons如果您與公司或附屬公司終止僱傭關係屬於非因錯誤或績效原因導致的強制性終止,在實現日期Vesting Date之前的任何原因(i)應按委員會認證的績效期間的績效倍數乘以此處授予的績效單位數量;(ii)自上文規定的授予日期Date of Grant之後的每整年,您有資格收到公司普通股的33%分配,即下調爲下一個整數股的Performance Units awarded hereunder所代表的公司普通股數量(如經調整適用的績效倍數,下舍入至下一個整數股);(iii)此類公司普通股應在實現日期Vesting Date後儘快分配給您,但不得遲於該日期後的60天,並受適用於已指定員工的六個月延遲。第409A條款,如果2018年計劃中的一個獎項受到稅務法案第409A條款的約束,但不符合稅務法案第409A條款的要求,則上述應稅事件可能應早於所述,並可能導致額外的稅收和處罰。參與者被敦促就稅務法案第409A條款對他們的獎項的適用性諮詢他們的稅務顧問。2024年要點。
「Average ROCE」 shall mean the simple average of the return on capital employed (「ROCE」) measure of the Company for each of the three fiscal years comprising the Performance Period (calculated and rounded as provided below), with such resulting average rounded to the nearest whole number percentage point, with five tenths or more of a percentage point (i.e., ≥ 0.5) rounded upwards and less than five tenths of a percentage point (i.e., < 0.5) rounded downwards (e.g., 12.5% rounded to 13% and 12.4% rounded to 12%), except to the extent otherwise provided in the first paragraph of 「Termination of Employment - Due to a Change in Control of the Company」 above.
For purposes of the 「Average ROCE」 calculation described above, ROCE for a fiscal year shall be calculated, as a percentage, as the sum of the Company’s non-GAAP after-tax net interest expense for such fiscal year and non-GAAP adjusted net income (loss) for such fiscal year, divided by the average of the Company’s non-GAAP total capitalization (calculated as the sum of total stockholders’ equity and current and long-term debt, less cash, in each case as of December 31日 of the applicable fiscal year) for such fiscal year and the immediately preceding fiscal year, with such resulting percentage rounded to the nearest tenth of a percentage point, with five hundredths or more of a percentage point (i.e., ≥ 0.05) rounded upwards and less than five hundredths of a percentage point (i.e., < 0.05) rounded downwards (e.g., 12.05% rounded to 12.1% and 12.04% rounded to 12.0%).
Negative TSR Cap. Notwithstanding any of the above provisions to the contrary (including the 「Absolute ROCE Modifier」 provision), in the event the Total Shareholder Return of the Company shall be negative (i.e., less than 0%), the Performance Multiple shall not exceed, and shall be capped at, 100%.