Executive Long-Term Incentive Program Performance Share Award Agreement

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement is between the company and an executive employee, granting the employee a specified number of performance shares as part of a long-term incentive program. The number of shares ultimately earned depends on the company's performance over a three-year period, with awards ranging from 25% to 150% of the initial grant. Vesting occurs three years from the grant date, and all terms are subject to the company's omnibus and performance incentive plans.

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EX-10.E26 7 xrx-123112xex10e26.htm EXHIBIT XRX-12.31.12-Ex10(e)(26)

EXHIBIT 10(e)(26)
            
Executive Long-Term Incentive Program
Performance Share Award Award Summary

«First Name» «Last Name»
Date of agreement and award:    <<Grant Date>>
Approved Value:    <<Approved Value>>

Performance Shares
Number of Performance Shares:
<<# Performance Shares>>
Vesting Date of All Performance Shares Earned:
<<3 yrs. from grant date>>
Performance Shares Earned if 3-Year Cumulative Performance is Achieved between Threshold and Maximum:
25% – 150% based on 3-year performance results

*
Subject to the terms and conditions described in the Omnibus Agreement – 2013: PIP; ELTIP; PSs
*
Performance measures which may include, but are not limited to, achievement of specific business objectives, and other measurements of individual, business unit or Company performance, are determined by the Committee in its sole discretion, consistent with the terms of the 2004 Performance Incentive Plan as Amended or Restated.