Award Payout. (a) The Award and the number of Performance Units that the Award represents shall, if at least the Threshold Level of Performance is met, be payable, and paid, in cash, shares of Common Stock, or a combination of cash and shares of Common Stock, as determined by the Administrator in its sole discretion.
Appears in 4 contracts
Samples: Agreement (Bb&t Corp), Agreement (Bb&t Corp), Performance Unit Award Agreement (Bb&t Corp)
Award Payout. (a) The Award and the number of Performance Units that the Award represents shallAward, if at least the Threshold Level of Performance is met, shall be payable, and paid, in cash, shares of Common Stock, or a combination of cash and shares of Common Stock, as determined by the Administrator in its sole discretion.
Appears in 3 contracts
Samples: Ltip Award Agreement (Bb&t Corp), Ltip Award Agreement (Bb&t Corp), Ltip Award Agreement (Bb&t Corp)
