2.33. Performance Unit shall mean any grant
pursuant to Article 9 of a unit valued by reference to a designated amount of cash or property other than Shares, which value will be paid to the Participant upon achievement of such performance goals during the Performance Period as the Committee
shall establish.
2.34. Permitted Assignee shall have the meaning set forth in
Section 12.2.
2.35. Restricted Stock shall mean any Share issued with the
restriction that the holder may not sell, transfer, pledge or assign such Share and with such other restrictions as the Committee, in its sole discretion, may impose, which restrictions may lapse separately or in combination at such time or times,
in installments or otherwise, as the Committee may deem appropriate.
2.36. Restricted Stock
Award shall have the meaning set forth in Section 7.1.
2.37. Restricted Stock
Unit means an Award that is valued by reference to a Share, which value may be paid to the Participant by delivery of such property as the Board shall determine, which restrictions may lapse separately or in combination at such time or
times, in installments or otherwise, as the Board may deem appropriate.
2.38. Restricted Stock
Unit Award shall have the meaning set forth in Section 7.1
2.39.
Shares shall mean the shares of common stock of the Company, no par value per share.
2.40. Stock Appreciation Right shall mean the right granted to a Participant pursuant to Article
6.
2.41. Subsidiary shall mean any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if, at the relevant time each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in the chain.
2.42. Substitute Awards shall
mean Awards granted or Shares issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any
Subsidiary or with which the Company or any Subsidiary combines.
2.43. Vesting
Period shall mean the period of time specified by the Committee during which vesting restrictions for an Award are applicable.
3. SHARES SUBJECT TO THE PLAN
3.1. Number of Shares.
(a) Subject to adjustment as
provided in Section 11.1, the number of shares of Common Stock issued or transferred and covered by outstanding awards granted under this Plan shall not in the aggregate exceed 700,000 shares of Common Stock, which may be Common Stock of
original issuance or Common Stock held in treasury, or a combination thereof. Subject to the provisions of Section 11.1 regarding adjustments in the event of stock splits, reverse stock splits and other recapitalization events, the aggregate
maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be 700,000. The Company shall at all times during the term of the Plan, and while any Stock Awards are outstanding, retain as
authorized and unissued Common Stock or as treasury Common Stock, at least the number of shares of Common Stock required under the provisions of this Plan, or otherwise assure itself of its ability to perform its obligations hereunder.
(b) If any Shares subject to an Award are forfeited, an Award expires or otherwise terminates without issuance of Shares,
or an Award is settled for cash (in whole or in part) or otherwise does not result in the issuance of all or a portion of the Shares subject to such Award (including on payment in Shares on exercise of a Stock Appreciation Right), such Shares shall,
to the extent of such forfeiture, expiration, termination, cash settlement or non-issuance, again be available for issuance under the Plan.
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