Payments, if any, under the Program will be paid as soon as administratively feasible after the Committee determines (or certifies in writing, if applicable) the extent to which the Performance Goals (or, in the case of Awards not intended to qualify as Performance-Based Compensation, such other corporate or individual performance goals that may not be based on one or more of the Performance Criteria) were achieved for the applicable Performance Period and determines the amount of the Award, if any, payable to each Participant, but in no event later than March 15 of the calendar year following the end of the applicable Performance Period. Settlement of Awards shall be in cash or, subject to the terms of the Plan, in shares of Common Stock or any combination thereof, in the discretion of the Committee. A Participant must be a regular employee of the Company on the date of payment of his or her Award in order to earn such Award; provided that the Committee may make exceptions to this requirement, in its sole discretion, in the case of a Participant’s death or disability or, with respect to Awards that are not intended to constitute Performance-Based Compensation, a Participant’s other termination of employment.