More let verbs be verbs

Originals

This amount includes $10,000 in matching contributions by the Company into Mr. Smith’s 401(k) plan. It also includes a reimbursement of $20,000 for tax penalties and associated gross-ups as a result of Acme inadvertently failing to defer the release of Mr. Smith’s RSUs, following their July 2017 vesting.

*****

Depending on Acme’s relative TSR for the one-, two- and three-year periods ending December 31, 2019, December 31, 2020 and December 31, 2021 compared to a pre-established peer group and the executive’s continued employment by the company following each such date, the earned portion of these RSUs will vest on February 1, 2022.

*****

Under Section 162(m) of the Internal Revenue Code, prior to its amendment under the Tax Cuts and Jobs Act, which amendment became generally effective for taxable years beginning after December 31, 2017, compensation in excess of $1,000,000 per year to Named Executive Officers, other than the Chief Financial Officer, was not tax deductible to Acme unless certain requirements were met.

*****

One company (Yahoo!) was removed from the peer group in 2018, following its acquisition by Verizon.

Rewritten

This amount includes $10,000 in matching contributions by the Company into Mr. Smith’s 401(k) plan. It also includes a reimbursement of $20,000 for tax penalties and associated gross-ups as a result of Acme inadvertently failing to defer the release of Mr. Smith’s RSUs after they vested in July 2017.

****

Depending on Acme’s relative TSR for the one-, two- and three-year periods ending December 31, 2019, 2020, and 2021, compared to a pre-established peer group, and so long as the executive remains employed by the company following each such date, the earned portion of these RSUs will vest on February 1, 2022.

****

Under Section 162(m) of the Internal Revenue Code, before it was amended under the Tax Cuts and Jobs Act (which amendment became generally effective for taxable years beginning after December 31, 2017), compensation in excess of $1,000,000 per year to Named Executive Officers, other than the Chief Financial Officer, was not tax deductible to Acme unless certain requirements were met.

****

One company (Yahoo!) was removed from the peer group in 2018, after it was acquired by Verizon.