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Exhibit
10(dd)
GE 1990 LONG TERM
INCENTIVE PLAN
Grant of Contingent Long
Term Performance Award
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1.
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Grant of Contingent Long Term Performance
Award . The
Management Development and Compensation Committee
(“Committee”) of the Board of Directors of General
Electric Company (“Company”) approved a Contingent Long
Term Performance Award (“Award”) for [NAME]
(“Grantee), under and subject to the terms of the
Company’s 1990 Long Term Incentive Plan (“Plan”).
This Award provides a potential payment to the Grantee in [PAYMENT
DATE] that, in accordance with the terms of the Award, will be
based upon the attainment of certain financial performance goals
from [START DATE] through [END DATE] and the Grantee’s annual
total compensation rate as of [SALARY DATE], each as explained
below.
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2.
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Purpose of Award and Financial Performance
Goals . This Award was made to provide additional
emphasis on and incentive for the attainment of the following
important financial performance goals for the Company on an overall
basis during the three-year performance period from [START DATE]
through [END DATE].
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Company Performance Goals
for the Period [START] - [END]
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Threshold
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Target
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Maximum
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Avg. Annual
Revenue % Growth
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X.X%
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X.X%
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X.X%
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X.X%
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X.X%
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X.X%
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– excluding effect of
pension on earnings
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Cumulative %
Return on Total Capital
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X.X%
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X.X%
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X.X%
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Cumulative CFOA
Generated (B$)
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$XX.X
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$XX.X
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$XX.X
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Attainment of
the performance goals will be determined solely by the Committee
and will be based on the financial performance results, adjusted
for any unusual items, of the Company, all as defined and
interpreted by the Committee.
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3.
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Payment . The Award will be payable in cash, or Company
common stock, or a combination thereof, at the discretion of the
Committee, to the Grantee in [PAYMENT DATE], provided the Committee
determines that the Company has attained or exceeded at least one
of its threshold goals set forth in the table above. The table
below shows the percentage of the Grantee’s annual total
compensation rate as of [COMPENSATION DATE] (i.e., annual base
salary rate at [SALARY DATE] and incentive compensation earned
fo
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