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This excerpt taken from the GWW 10-K filed Feb 27, 2009. Grant of Performance Shares;
[Next Fiscal Year] Sales Target. The Company hereby
awards to the Executive a total of _______ Performance Shares (the “Target
Number”), such number being subject to possible adjustment as
follows. The actual number of Performance Shares which the
Executive will receive will depend on the Company’s total net sales during
its [next fiscal year]. Such number will be calculated in
accordance with the following
table:
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If,
the Company’s [Next Fiscal Year]
sales
are at:
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Then
the number of Performance
Shares
will be:
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Less
than
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$_________
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Zero
(0)
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$_________
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Fifty percent
(50%) of the Target Number
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$_________
$_________ or
more
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One hundred
percent (100%) of the Target
Number
Two hundred
percent (200%) of the Target
Number
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Amounts
between the foregoing numbers will be interpolated as
necessary. For example, if [next fiscal year] net sales are
$_____, then the Executive would receive ______________ percent (__%) of
the Target Number of Performance
Shares.
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3.
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