Document:

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                                                                    Exhibit 10.7

                            INDEMNIFICATION AGREEMENT

          AGREEMENT, effective as of [DATE], between EMC Corporation, a
Massachusetts corporation (the "Company"), and [NAME] (the "Indemnitee").

          WHEREAS, it is essential to the Company to retain and attract as
directors and officers the most capable persons available;

          WHEREAS, the Indemnitee is a director or officer of the Company;

          WHEREAS, both the Company and the Indemnitee recognize the increased
risk of litigation and other claims being asserted against directors and
officers of public companies in today's environment;

          WHEREAS, the Amended and Restated By-Laws of the Company (the
"By-Laws") require the Company to indemnify its directors and officers against
all liabilities or expenses incurred by any director or officer in connection
with the defense or disposition of any action, suit or other proceeding to the
extent legally permissible and authorize the Company to advance expenses
incurred in connection with any such defense or disposition, in each case in
accordance with the provisions of the By-Laws, and the Indemnitee has been
serving and continues to serve as a director or officer of the Company in part
in reliance on such By-Laws;

          WHEREAS, in recognition of the Indemnitee's need for substantial
protection against personal liability in order to ensure the Indemnitee's
continued service to the Company in an effective manner, and the Indemnitee's
reliance on the aforesaid By-Laws, and in part to provide the Indemnitee with
specific contractual assurance that the protection promised by such By-Laws will
be available to the Indemnitee, the Company wishes to provide in this Agreement
for the indemnification of and the advancing of expenses to the Indemnitee in
accordance with the By-Laws to the fullest extent (whether partial or complete)
permitted by law and as set forth in this Agreement;

          NOW, THEREFORE, in consideration of the premises and of the Indemnitee
continuing to serve the Company directly or, at its request, another enterprise,
and intending to be legally bound hereby, the parties hereto agree as follows:

     1.   Basic Indemnification Arrangement.

          (a) In accordance with the provisions of the Massachusetts Business
Corporation Law and the By-Laws, the Company shall, to the extent legally

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permissible, indemnify the Indemnitee against all liabilities and expenses,
including amounts paid in satisfaction of judgments, in compromise or as fines
and penalties, and counsel fees, reasonably incurred by the Indemnitee in
connection with the defense or disposition of any action, suit or other
proceeding, whether civil or criminal, in which the Indemnitee may be involved
or with which the Indemnitee may be threatened, while in office or thereafter,
by reason of the Indemnitee being or having been a director or officer of the
Company, except with respect to any matter as to which the Indemnitee shall have
been adjudicated in any proceeding not to have acted in good faith in the
reasonable belief that the Indemnitee's action was in the best interests of the
Company (the Indemnitee serving another organization at the request of the
Company as director, officer or trustee, provided the Indemnitee shall have
acted in good faith in the reasonable belief that the Indemnitee's action was in
the best interests of such other organization, to be deemed as having acted in
such manner with respect to the Company) or, to the extent that such matter
relates to service with respect to any employee benefit plan, in the best
interests of the participants or beneficiaries of such employee benefit plan;
provided, however, that as to any matter disposed of by a compromise payment by
the Indemnitee, pursuant to a consent decree or otherwise, no indemnification
either for said payment or for any other expenses shall be provided unless such
compromise shall be approved as in the best interests of the Company, after
notice that it involves such indemnification: (i) by a disinterested majority of
the directors then in office; or (ii) by a majority of the disinterested
directors then in office, provided that there has been obtained an opinion in
writing of independent legal counsel to the effect that the Indemnitee appears
to have acted in good faith in the reasonable belief that the Indemnitee's
action was in the best interests of the Company; or (iii) by the holders of a
majority of the outstanding stock at the time entitled to vote for directors,
voting as a single class, exclusive of any stock owned by any interested
director or officer.

          (b) If so requested by the Indemnitee in writing, the Company shall
promptly advance (but in no event more than five (5) business days after
receiving such request) any and all expenses, including counsel fees, reasonably
incurred by the Indemnitee in connection with the defense or disposition of any
such action, suit or other proceeding ("Expenses"), to the Indemnitee (an
"Expense Advance") upon receipt by the Company of an undertaking by the
Indemnitee in form reasonably satisfactory to the Company to repay the Expense
Advance if the Indemnitee shall be adjudicated not to be entitled to
indemnification in accordance with the provisions of the Massachusetts Business
Corporation Law and the By-Laws.

     2.   Liability for Other Expenses. The Company shall be liable to and shall
pay the Indemnitee for any and all expenses (including attorneys' fees) which
are reasonably incurred by the Indemnitee in connection with any action brought
by the Indemnitee for (i) indemnification or advance payment of Expenses by the
Company under this Agreement or any other agreement or By-law now or hereafter

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in effect relating to indemnification and/or (ii) recovery under any directors'
and officers' liability insurance policies maintained by the Company, regardless
of whether the Indemnitee ultimately is determined to be entitled to such
indemnification, advance expense payment or insurance recovery, as the case may
be. If requested by the Indemnitee in writing, the Company shall promptly
advance (but in no event more than five (5) business days after receiving such
request) any such expenses to the Indemnitee.

     3.   Partial Indemnity, Etc. If the Indemnitee is entitled under any
provision of this Agreement to indemnification or payment by the Company for
some or a portion of the Expenses, judgments, fines, penalties and amounts paid
in settlement of any threatened, pending or completed action, suit or proceeding
but not, however, for all of the total amount thereof, the Company shall
nevertheless indemnify or pay the Indemnitee for the portion thereof to which
the Indemnitee is entitled.

     4.   Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be
in addition to any other rights the Indemnitee may have under the By-Laws or the
Massachusetts Business Corporation Law or otherwise. To the extent that a change
in the Massachusetts Business Corporation Law (whether by statute or judicial
decision) permits greater indemnification by agreement than would be afforded
currently under the By-Laws and this Agreement, it is the intent of the parties
hereto that the Indemnitee shall enjoy by this Agreement the greater benefits so
afforded by such change.

     5.   Liability Insurance. To the extent the Company maintains an insurance
policy or policies providing directors' and officers' liability insurance, the
Indemnitee shall be covered by such policy or policies, in accordance with its
or their terms, to the maximum extent of the coverage available for any Company
director or officer.

     6.   Amendments, Etc. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by both of the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provisions hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver.

     7.   Subrogation. In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of the Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company effectively to bring suit to
enforce such rights.

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     8.   No Duplication of Payments. The Company shall not be liable under this
Agreement to make any payment in connection with any claim made against the
Indemnitee in connection with any threatened, pending or completed action, suit
or proceeding to the extent the Indemnitee has otherwise actually received
payment (under any insurance policy, By-law or otherwise) of the amounts
otherwise indemnifiable hereunder.

     9.   Notice. All notices, requests, consents or other communications under
this Agreement shall be delivered by hand or sent by registered or certified
mail, return receipt requested, or by overnight prepaid courier, or by facsimile
(receipt confirmed) to:

     if to the Company:        EMC Corporation
                               176 South Street
                               Hopkinton, MA 01748
                               Attention: Office of the General Counsel
                               Facsimile: (508)497-6915

     if to the Indemnitee:     [             ]
                               [             ]
                               [             ]
                               Attention: [      ]
                               Facsimile: [      ]

All such notices, requests, consents and other communications shall be deemed to
have been duly delivered and received three (3) days following the date on which
mailed, or one (1) day following the date mailed if sent by overnight courier,
or on the date on which delivery by hand or by facsimile transmission.

     10.  Binding Effect, Etc. This Agreement shall be binding upon and inure to
the benefit of and be enforceable by the parties hereto and their respective
successors, assigns, including any direct or indirect successor by purchase,
merger, consolidation or otherwise to all or substantially all of the business
and/or assets of the Company, spouses, heirs, executors and personal and legal
representatives. This Agreement shall continue in effect regardless of whether
the Indemnitee continues to serve as an officer or director of the Company or of
any other enterprise at the Company's request.

     11.  Severability. The provisions of this Agreement shall be severable in
the event that any of the provisions hereof (including any provision within a
single section, paragraph or sentence) are held by a court of competent
jurisdiction to be invalid, void or otherwise unenforceable in any respect, and
the validity and enforceability of any such provision in every other respect and
of the remaining provisions hereof shall not be in any way impaired and shall
remain enforceable to

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the fullest extent permitted by law.

     12.  Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the Commonwealth of Massachusetts
applicable to contracts made and to be performed in such state without giving
effect to the principles of conflicts of laws.

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          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date and year first above written.

                                          EMC CORPORATION

                                          By _____________________________
                                             Name:
                                             Title:

                                             _____________________________
                                                       [Indemnitee]

                                       61992 Long Term Incentive Plan

EXHIBIT 10.10 
 
EXHIBIT C 
 
FIRST DATA CORPORATION 
 
1992 LONG-TERM INCENTIVE PLAN 
PERFORMANCE GRANT AGREEMENT 
(Award Period Beginning January 1, 2003) 
 
This AGREEMENT is made by and between FIRST DATA CORPORATION,
a Delaware corporation (the “Company”) and [Executive Name], an executive of the Company (the “Executive”), as of January 1, 2003. 
 
RECITALS 
 
WHEREAS, the Board of Directors of the Company (The “Board”) established and the Company maintains the 1992 Long-Term Incentive
Plan (The “Plan”) which authorizes the Compensation and Benefits Committee of the Board (the “Committee”) to award Performance Grants to eligible key employees of the Company and its affiliates; and 
 
WHEREAS, the Committee has determined to award a Performance
Grant to Executive on the terms and conditions set forth herein; 
 
NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto agree as follows: 
 
AGREEMENT 
 

	1.	 	Defined Terms. All terms not otherwise defined herein shall have the meaning set forth in the Plan. 

 

	2.	 	Award of Performance Grants. The Company hereby grants to Executive a Performance Grant (referred to hereinafter as the “Performance Grant”) subject
to the terms and conditions set forth below. 

 

	3.	 	Terms and Conditions of Performance Grants. 

 

	 	(a)	 	The value of the Performance Grant (the “Unit Value”) shall be determined by the Committee in accordance with the formula set forth on Exhibit A attached
hereto based upon the percentage increase in the share price of the Company’s common stock, $.01 par value per share (the “Common Shares”), plus dividends paid, if any, during the period beginning on January 1, 2003 and ending on
December 31, 2004 (the “Award Period”) (the “Growth in Shareholder Value”), relative to the Growth in Shareholder Value of those companies in the S&P 500 index whose Growth in Shareholder Value during the Award Period would
place such companies above the fiftieth (50th) percentile of all companies in the S&P 500 index (“Comparator Companies”); provided, however, that the Growth in Shareholder Value is in excess of the fiftieth percentile of the Comparator
Companies and 

	 	  	 	the Threshold Rate as defined below. For purposes of this Agreement, the share price of the Common Shares and the share price of the Comparator Companies shall be
the average of such share price for the sixty (60) day period ending on the last Business Day preceding the first day of the Award period and the last day of the Award Period, respectively. For purposes of this Agreement, the Threshold Rate for any
Award Period shall mean the rate of return during the Award Period of the average two-year treasury note for the sixty (60) day period ending on the last Business Day preceding the first day of the Award Period assuming that dividends with respect
to such two-year treasury note paid during the Award Period are reinvested at such two-year treasury note rate. For purposes of this Agreement, the methodology which shall be used to determine whether the Growth in Shareholder Value of the
Company’s common shares during the Award Period exceeds the 50th percentile shall be to rank each of the comparator companies from one (1) to five hundred (500) based on its Growth in Shareholder Value during the Award Period and then compare
the Growth in Shareholder Value of the Company with the Growth in Shareholder Value of the Comparator Companies. If the Committee determines that a Performance Grant has no Unit Value, such Performance Grant shall be deemed to have been canceled.

 

	 	(b)	 	Subject to the conditions set forth in Subparagraph 3 (e) and Paragraph 4 below, Executive shall have no vested or non-forfeitable interest in the Unit Value of a
Performance Grant, as determined by the Committee, until the expiration of two fiscal years following the end of the Award Period with respect to the Performance Grant (the “Vesting Period”). For each fiscal year during the Vesting Period
in which the Company’s net income (determined pursuant to the guidelines previously approved by the Committee) before dividends divided by stockholder’s equity at the beginning of such fiscal year (“Return on Equity Percentage”)
is a positive number, the Unit Value of the Award shall increase in an amount equal to fifty (50%) percent of the Return on Equity Percentage (“Adjusted Return on Equity Percentage”). For each fiscal year during the Vesting Period in which
the Return on Equity Percentage is a negative number, the Unit Value of the Award shall decrease by an amount equal to the Return on Equity Percentage. 

 

	 	(c)	 	Subject to the terms and conditions set forth in Paragraph 4 below, Executive shall be entitled to receive an amount equal to the Unit Value of the Performance
Grant, as adjusted pursuant to the Adjusted Return on Equity Percentage or the Return on Equity Percentage, as the case may be (the “Adjusted Unit Value”) as determined as of the last day of the Vesting Period applicable to the Performance
Grant. Such Adjusted Unit Value shall be payable solely in cash and shall be paid to Executive within 90 days after the last day of such Vesting Period. 

 

	 	(d)	 	Executive may elect to defer receipt of cash in the amount of the Adjusted Unit Value of a Performance Grant in accordance with the terms and conditions of the First
Data Corporation Salary Deferral Plan. 

 

	 	(e)	 	In the event that Executive’s employment is terminated for any reason prior to the end of the Award Period (with respect to a Performance Grant), or for any
reason other than Executive’s death, Disability, or early, normal or deferred retirement under an approved retirement plan of the Company (or any such other plan or arrangement as may be approved by the Committee in its discretion, for this
purpose) after the Award Period with respect to such Performance Grant but prior to the end of the Vesting Period, any unpaid Unit Value shall not be paid out and the Performance Grant shall be forfeited. 

 

	4.	 	Committee Authority. The Committee has the sole and exclusive authority to interpret and apply any provision of this Agreement, and may reduce the amount of
any such award to be made hereunder (including a determination of a lower Unit Value than that which the formula on Exhibit A would yield) based on factors it selects in its discretion. The Board may, from time to time, amend, modify or terminate,
in whole or in part, any or all provisions of the Plan; provided, that no such change or termination shall in any way materially impair Executive’s right under this Agreement without the prior written consent of Executive. Notwithstanding
anything in the foregoing sentence to the contrary, the Committee may, in its sole discretion, extend at any time the Vesting Period for any Performance Grant for up to an additional two fiscal years (the “Extended Phase”) provided that
(a) the Committee in its sole discretion may provide for the payment to Executive during the Extended Phase of all or any portion of the Unit Value of the Performance Grant, and (b) any action by the Committee in extending the Vesting Period
pursuant to this sentence shall be disregarded for purposes of Paragraph 3 (e) of this Agreement. 

 

	5.	 	Nontransferability. The Performance Grant shall not be transferred or assigned, hypothecated or encumbered in whole or in part either directly or by operation
of law or otherwise (except in the event of Executive’s death) including, but not by way of limitation, execution, levy, garnishment, attachment, pledge, bankruptcy or in any other manner. 

 

	6.	 	No Employment Contract. Neither the Plan nor this Agreement shall constitute a contract of employment between the Company and Executive, and the Company
specifically reserves the right to terminate the employment of or performance of services by the Executive at any time for any reason. 

 

	7.	 	Compliance with Other Laws and Regulations. The Performance Grant shall be subject to all applicable federal and state laws, rules and regulation, including
those related to disclosure of financial and other information to Executive, and to such approvals by any government or regulatory agency as may be required. 

 

	8.	 	Executive Bound by Plan. Executive hereby acknowledges a receipt of a copy of the Plan, and agrees to be bound by all the terms and provisions thereof, which
are incorporated herein by reference. 

 

	9.	 	Acceptance. By executing this Agreement and accepting the Performance Grant, Executive (or any person acting on Executive’s behalf or claiming under or
through Executive) shall be conclusively deemed to have indicated his acceptance and ratification of, and consent to, any action taken under the Plan by the Company, the Board or the Committee or its delegates. 

 

	10.	 	Funding. The Plan shall be unfunded. The Company shall not be required to establish any special fund or to make any other segregation of assets to assure the
payment of the Adjusted Unit Value attributable to any Performance Grant. Any rights to the payment of any such Adjusted Unit Value shall be no greater than the right of the Company’s general creditors. 

 

	11.	 	Notices. Any notice hereunder to the Company shall be addressed to: 

 
First Data Corporation 
10825 Old Mill Road 
Omaha, NE 68154 
Attn: Michael Whealy, Executive Vice
President and General Counsel 
 

	  	 	and any notice hereunder to Executive shall be addressed to Executive at Executive’s last address on the records of the Company, subject to the right of either
party to designate at any time hereafter in writing some other address. Any notice shall be deemed to have been duly given when enclosed in a properly sealed envelope, addressed as set forth above, and deposited (with first class postage prepaid) in
the United States mail. 

 

	12.	 	Counterparts. This Agreement may be executed in one or several counterparts, each of which shall constitute one and the same instrument.

 

	13.	 	Governing Law. The validity, construction, interpretation, administration and effect of the Plan and this Agreement, and of its and their rules and
regulations, and rights relating to the Plan and to the Performance Grants granted under the Plan pursuant to this Agreement shall be governed by the substantive laws, but not the choice of law rules, of the State of Delaware.

 

	14.	 	Variation of Pronouns. All pronouns and any variations thereof contained herein shall be deemed to refer to masculine, feminine, neuter, singular or plural,
as the identity of the person or persons may require. 

 

	15.	 	Shareholder Approval. This Agreement shall be void in the event the stockholders of the Company fail to approve either this Agreement or a plan authorizing
this Agreement prior to the payment of any amount to Executive under this Agreement. 

 
IN WITNESS WHEREOF, the Company and Executive has executed this Agreement as of the date first written above. 
 

	 FIRST DATA CORPORATION

	
	 By:
	 	  

	
	 Title:
	 	  

	
	 EXECUTIVE

	
	  

 
EXHIBIT
A— (To Chief Executive Officer Agreement) 
 
UNIT VALUE 
 

	 ANNUAL GROWTH IN SHAREHOLDER VALUE

	  	 TARGET UNIT VALUE

	
	 ***
	  	 ***

	
	 Threshold Rate

	
	 Exceeds Comparator Company at 50% level
	  	 $   660,000

	
	 Exceeds Comparator Company at 55% level
	  	   1,200,000

	
	 Exceeds Comparator Company at 60% level
	  	   1,800,000

	
	 Exceeds Comparator Company at 65% level
	  	   2,400,000

	
	 Exceeds Comparator Company at 70% level
	  	   3,000,000

	
	 Exceeds Comparator Company at 75% level    (Maximum)
	  	   3,600,000

 
If the Company’s
Growth in Shareholder Value exceeds a Comparator Company at a level above 50% and below 75%, the Target Value will be interpolated to the nearest whole percent based on the scale above. 
 
*** For purposes of this Agreement, the Threshold Rate for any Award Period shall mean the rate of the return during the
Award Period of the average two-year treasury note for the sixty (60) day period ending on the last Business Day preceding the first day of the Award Period assuming that interest with respect to such two-year treasury note paid during the Award
Period is reinvested at such Threshold Rate. If the Growth in Shareholder Value for the Award Period is less than the Threshold Rate, then regardless of the Growth in Shareholder Value, the Committee shall assign no Unit Value to the Performance
Grant. For example, if Growth in Shareholder Value exceeds that of the Comparator Company at the seventy-fifth percent (75%) level but that Growth in Shareholder Value is less than the Threshold Rate, no Unit Value shall be assigned. 

 
EXHIBIT
A— (To Senior EVP Agreement) 
 
UNIT VALUE

 

	 ANNUAL GROWTH IN SHAREHOLDER VALUE

	  	 TARGET UNIT VALUE

	
	 ***
	  	 ***

	
	 Threshold Rate

	
	 Exceeds Comparator Company at 50% level
	  	 $275,000

	
	 Exceeds Comparator Company at 55% level
	  	   400,000

	
	 Exceeds Comparator Company at 60% level
	  	   525,000

	
	 Exceeds Comparator Company at 65% level
	  	   650,000

	
	 Exceeds Comparator Company at 70% level
	  	   775,000

	
	 Exceeds Comparator Company at 75% level    (Maximum)
	  	   900,000

 
If the Company’s
Growth in Shareholder Value exceeds a Comparator Company at a level above 50% and below 75%, the Target Unit Value will be interpolated to the nearest whole percent based on the scale above. 
 
*** For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-year treasury note for the sixty (60) day period ending on the last Business Day preceding the first day of the Award Period assuming that interest with respect to such
two-year treasury note paid during the Award Period is reinvested at such Threshold Rate. If the Growth in Shareholder Value for the Award Period is less than the Threshold Rate, then regardless of the Growth in Shareholder Value, no Unit Value
shall be assigned to the Performance Grant by the Committee. For example, if Growth in Shareholder Value exceeds that of the Comparator Company at the seventy-fifth percent (75%) level but that Growth in Shareholder Value is less than the Threshold
Rate, no Unit Value shall be assigned. 

 
EXHIBIT
A— (To EVP Agreements) 
 
UNIT VALUE

 

	 ANNUAL GROWTH IN SHAREHOLDER VALUE

	  	 TARGET UNIT VALUE

	
	 ***
	  	 ***

	
	 Threshold Rate

	
	 Exceeds Comparator Company at 50% level
	  	 $250,000

	
	 Exceeds Comparator Company at 55% level
	  	   350,000

	
	 Exceeds Comparator Company at 60% level
	  	   450,000

	
	 Exceeds Comparator Company at 65% level
	  	   550,000

	
	 Exceeds Comparator Company at 70% level
	  	   650,000

	
	 Exceeds Comparator Company at 75% level    (Maximum)
	  	   750,000

 
If the Company’s
Growth in Shareholder Value exceeds a Comparator Company at a level above 50% and below 75%, the Target Unit Value will be interpolated to the nearest whole percent based on the scale above. 
 
*** For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-year treasury note for the sixty (60) day period ending on the last Business Day preceding the first day of the Award Period assuming that interest with respect to such
two-year treasury note paid during the Award Period is reinvested at such Threshold Rate. If the Growth in Shareholder Value for the Award Period is less than the Threshold Rate, then regardless of the Growth in Shareholder Value, no Unit Value
shall be assigned to the Performance Grant by the Committee. For example, if Growth in Shareholder Value exceeds that of the Comparator Company at the seventy-fifth percent (75%) level but that Growth in Shareholder Value is less than the Threshold
Rate, no Unit Value shall be assigned. 

 
EXHIBIT
A— (To SVP Agreement) 
 
UNIT VALUE

 

	 ANNUAL GROWTH IN SHAREHOLDER VALUE

	  	 TARGET UNIT VALUE

	
	 ***
	  	 ***

	
	 Threshold Rate

	
	 Exceeds Comparator Company at 50% level
	  	 $150,000

	
	 Exceeds Comparator Company at 55% level
	  	   200,000

	
	 Exceeds Comparator Company at 60% level
	  	   250,000

	
	 Exceeds Comparator Company at 65% level
	  	   300,000

	
	 Exceeds Comparator Company at 70% level
	  	   375,000

	
	 Exceeds Comparator Company at 75% level    (Maximum)
	  	   450,000

 
If the Company’s
Growth in Shareholder Value exceeds a Comparator Company at a level above 50% and below 75%, the Target Unit Value will be interpolated to the nearest whole percent based on the scale above. 
 
*** For purposes of this Agreement, the Threshold Rate for any Award Period
shall mean the rate of the return during the Award Period of the average two-year treasury note for the sixty (60) day period ending on the last Business Day preceding the first day of the Award Period assuming that interest with respect to such
two-year treasury note paid during the Award Period is reinvested at such Threshold Rate. If the Growth in Shareholder Value for the Award Period is less than the Threshold Rate, then regardless of the Growth in Shareholder Value, no Unit Value
shall be assigned to the Performance Grant by the Committee. For example, if Growth in Shareholder Value exceeds that of the Comparator Company at the seventy-fifth percent (75%) level but that Growth in Shareholder Value is less than the Threshold
Rate, no Unit Value shall be assigned.

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