Performance Award Shares

Performance Award Shares. For each applicable Measurement Period, the number of Common Shares earned by a Participant for such Measurement Period pursuant to the Performance Award, 20% of which Performance Award Shares will be settled in Common Shares and 80% of which Performance Award Shares will be settled in 2016 VSEP RSUs that may be subject to additional time-based vesting requirements as provided in Section 8 hereof and the remainder of this 2016 VSEP