Document ID: 15194

Text:
(b)LTIP Annual Award. The LTIP will consist of annual awards (the LTIP Annual Award) of a number of RSUs that vest 25% per year on each of the first four anniversaries of the grant date, subject to Executives continued employment through each applicable vesting date. For each fiscal year beginning with the 2017 fiscal year, Executive will have a target LTIP Annual Award of 135,000 RSUs, with the actual number of RSUs comprising the LTIP Annual Award for any fiscal year to be determined by the Board in its sole discretion based on the achievement of Company performance goals established by the Board after consultation with Executive. The LTIP Annual Award for each fiscal year beginning with the 2017 fiscal year will be granted no later than February 15 in the first quarter of the year following the year to which the LTIP Annual Award relates, subject to continued employment through the date of grant.

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Tokenized Text:
(
b
)
LTIP
Annual
Award
.
The
LTIP
will
consist
of
annual
awards
(
the
LTIP
Annual
Award
)
of
a
number
of
RSUs
that
vest
25
%
per
year
on
each
of
the
first
four
anniversaries
of
the
grant
date
,
subject
to
Executives
continued
employment
through
each
applicable
vesting
date
.
For
each
fiscal
year
beginning
with
the
2017
fiscal
year
,
Executive
will
have
a
target
LTIP
Annual
Award
of
135
,
000
RSUs
,
with
the
actual
number
of
RSUs
comprising
the
LTIP
Annual
Award
for
any
fiscal
year
to
be
determined
by
the
Board
in
its
sole
discretion
based
on
the
achievement
of
Company
performance
goals
established
by
the
Board
after
consultation
with
Executive
.
The
LTIP
Annual
Award
for
each
fiscal
year
beginning
with
the
2017
fiscal
year
will
be
granted
no
later
than
February
15
in
the
first
quarter
of
the
year
following
the
year
to
which
the
LTIP
Annual
Award
relates
,
subject
to
continued
employment
through
the
date
of
grant
.