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$CYH
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10-K
Feb 19, 4:32 PM ET
COMMUNITY HEALTH SYSTEMS INC 10-K
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Contents
14
1. Grant of Restricted Stock.
2. Restrictions on Transfer.
3. Performance Objectives; Lapse of Restrictions.
Except as otherwise provided in Sections 4, 5 and 6 hereof, the Performance Based Restricted Stock will vest only if and to the extent that the Company has achieved the performance
targets in respect of the Performance Period (as defined in Exhibit A) set forth on Exhibit A (the “Performance Objectives”) (and the other terms and conditions set forth herein have been met) as determined by the Committee. For purposes of this Agreement the “Restricted Period” with respect to the Performance Based Restricted Stock means the period beginning on the Date of Grant and expiring on the third anniversary of the Date of Grant; provided, that if later, the Restricted Period shall end on the date on which the Committee’s determination set forth in the first sentence of this Section 3 is effective. Any Shares of Performance Based Restricted Stock with respect to which the Performance Objectives have not been met pursuant to the first sentence of this Section 3 shall not vest and shall be canceled not later than the date on which such determination is effective.
8. Dividends and Voting Rights.
9. Acknowledgement and Acceptance of Award Agreement.
10. No Right to Continued Employment.
11. Withholding of Taxes.
12. Acknowledgement that You Are Bound by the Plan.
The Awards granted to you pursuant to this Agreement, and any prior awards granted to you under the Plan, shall be subject to forfeiture, repayment, reimbursement or other recoupment (i) to the extent provided in the Company’s Amended and Restated Clawback Policy, as it may be amended from time to time (the “Current Clawback Policy”), (ii) to the extent that you in the future become subject to any other recoupment or clawback policy hereafter adopted by the Company (such policies referenced in clause (i) or this clause (ii), collectively, the “Policies”), and (iii) to the extent provided under any applicable laws and/or listing standards which impose mandatory recoupment, under circumstances set forth in such applicable laws and listing standards, including pursuant to the Dodd-Frank Clawback Requirements and the Sarbanes-Oxley Act of 2002. The Company may utilize any
method of recovery specified in the Policies in connection with any Award recoupment pursuant to the terms of the Policies.
14. Modification of Agreement.
18. Entire Agreement.