America Online 2013 Annual Report Download - page 144

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3.4 Effect of Committee’s Decision and Committee’s Liability. The Committee’s decisions, determinations and interpretations shall be final and binding
on all Participants and any other holders of Awards. Neither the Committee nor any of its members shall be liable for any act, omission, interpretation,
construction, or determination made in good faith in connection with the Plan or any Award Agreement.
3.5 Delegation to Executive Officers. To the extent permitted by Applicable Law, the Committee may delegate to one or more Executive Officers the
powers: (a) to designate Service Providers who are not Executive Officers as eligible to participate in the Plan; and (b) to determine the amount and type of
Awards that may be granted to Service Providers who are not Executive Officers.
3.6 Awards may be Granted Separately or Together. In the Committee’s discretion, Awards may be granted alone, in addition to, or in tandem with any
other Award or any award granted under another plan of the Company or an Affiliate. Awards granted in addition to or in tandem with other awards may be
granted either at the same time or at different times.
ARTICLE 4
VESTING AND PERFORMANCE OBJECTIVES
4.1 General. The vesting schedule or Period of Restriction for any Award shall be specified in the Award Agreement. The criteria for vesting and for
removing restrictions on any Award may include (i) performance of substantial services for the HuffingtonPost for a specified period; (ii) achievement of one
or more Performance Objectives; or (iii) a combination of (i) and (ii), as determined by the Committee.
4.2 Period of Absence from Providing Substantial Services . To the extent that vesting or removal of restrictions is contingent on performance or
substantial services for a specified period, a leave of absence shall not count toward the required period of service unless the Award Agreement provides
otherwise.
4.3 Performance Objectives.
(a) . Any Performance Objective shall relate to the Service Provider’s performance for the HuffingtonPost (or an
Affiliate) or the HuffingtonPost’s (or Affiliate’s) business activities or organizational goals, and shall be sufficiently specific that a third party having
knowledge of the relevant facts could determine whether the Performance Objective is achieved. The Performance Objectives with respect to any Award may be
one or more of the following General Financial and/or Operational Objectives, as established by the Committee in its sole discretion:
(i) :
• Increasing the HuffingtonPost’s net sales;
• Achieving a target level of earnings (including gross earnings; earnings before certain deductions, such as interest, taxes, depreciation, or
amortization; or earnings per Share);
• Achieving a target level of income (including net income or income before consideration of certain factors, such as overhead) or a target level of
gross profits for the HuffingtonPost, an Affiliate, or a business unit;
• Achieving a target return on the HuffingtonPost’s (or an Affiliate’s) capital, assets, or stockholders’ equity;
3