The Initial Performance-Based Restricted Stock Award will be divided into three segments of 16,667, 16,667 and 16,666 Shares (each, an “ Initial Award Segment ”), corresponding to the three periods commencing on the Start Date and ending on the second anniversary of the Start Date, the third anniversary of the Start Date, and the fourth anniversary of the Start Date, respectively, (each, an “ Initial Award Vesting Period ”). Each Initial Award Segment will vest on the last day of the corresponding Initial Award Vesting Period, subject to (i) the Participant’s continued employment with the Company and its affiliates through such date (except as otherwise provided in Section 4) and (ii) the Compound Annual TSR Growth Rate (as defined below) for such Initial Award Vesting Period equaling, or exceeding, 10%.