America Online 2013 Annual Report Download - page 145
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• Maintaining or achieving a target level of appreciation in the price of the Shares;
• Increasing the HuffingtonPost’s (or an Affiliate’s) market share to a specified target level;
• Achieving or maintaining a Share price that meets or exceeds the performance of specified stock market indices or other benchmarks over a
specified period;
• Achieving a level of Share price, earnings, or income performance that meets or exceeds performance in comparable areas of peer companies over a
specified period;
• Achieving specified reductions in costs; or
• Achieving specified improvements in collection of outstanding accounts or specified reductions in non-performing debts.
(ii) :
• Achieving a prescribed level of productivity within a business unit; or
• Completing specified projects within or below the applicable budget.
(b) . With respect to any Award, the Performance Objectives shall be set forth in writing no later than
90 days after commencement of the period to which the Performance Objective(s) relate(s) (or, if sooner, before 25% of such period has elapsed) and at a time
when achievement of the Performance Objectives is substantially uncertain. Such writing shall also include the period for measuring achievement of the
Performance Objectives, which shall be no greater than five consecutive years, as established by the Committee. Once established by the Committee, the
Performance Objective(s) may not be changed to accelerate the settlement of an Award or to accelerate the lapse or removal of restrictions on Restricted Stock
that otherwise would be due upon the attainment of the Performance Objective(s).
(c) . Prior to settlement of any Award that is contingent on achievement of one or more Performance Objectives, the
Committee shall certify in writing that the applicable Performance Objective(s) and any other material terms of the Award were in fact satisfied. For purposes
of this Section 4.3(d), approved minutes of the Committee shall be adequate written certification.
(d) . The Committee may reduce, but may not increase, the number of Shares deliverable or the amount payable under any
Award after the applicable Performance Objectives are satisfied.
ARTICLE 5
STOCK OPTIONS
5.1 Terms of Option. Subject to the provisions of the Plan, the type of Option, term, exercise price, vesting schedule, and other conditions and
limitations applicable to each Option shall be as determined by the Committee and shall be stated in the Award Agreement.
5.2 Type of Option.
(a) Each Option shall be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option.
4