Calculation of Awards Sample Clauses

Calculation of Awards. If both the internal and external performance goals set forth in Schedule B are met, the Fund shall be distributed among Participants as follows:
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Calculation of Awards. Final Awards for each Claimant shall be calculated in accordance with the procedure delineated in Appendix 1. The following is a summary of Appendix 1: To calculate a Claimant’s Final Award, each Claimant’s Provisional Award may be subject to the following reductions:
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time.
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Such awards upon exercise of vested SARs that are in-the-money shall only be made in common stock of the Bank, and not cash, and not a combination of cash and stock. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time. The number of common shares that will be utilized for the EPS calculations and for Sections 28 and 29 below shall be 2,427,767 common shares as of January 1, 2015. For the Plan’s award cycles, the 2 equally-weighted metrics shall be Return on Equity and Earnings per Share Growth of the Bank as set forth below: Fidelity Bank SAR Awardee Agreement—Senior Officer February 1, 2016 STOCK OPTION (SAR) AWARD AGREEMENT For Return on Equity (XXX): · the minimum (threshold) level of achievement shall be 8.50% year-over-year return (and three-year cumulative return); · the target level shall be 9.25% year-over-year return (and three-year cumulative return); and · the maximum level shall be 10% year-over-year return (and three-year cumulative return). Three-year cumulative XXX goals: · Minimum: 8.50% per year; · Target:9.25% per year; and · Maximum: 10% per year. For Core Earnings per Share Growth (EPS): · the minimum (threshold) level of achievement shall be 3% year-over-year improvement (and three-year cumulative improvement of $2.874 per share for the 3-year Performance Period); · the target level shall be 6% year-over-year improvement (and three-year cumulative improvement of $3.132 per share for the 3-year Performance Period); and · the maximum level shall be 9% year-over-year improvement (and three-year cumulative improvement of $3.406 per share for the 3-year Performance Period). At target, the amount that can be earned for the CEO’s direct reports (also called “Senior Officers”) for both this Award Agreement and the Restricted Stock Participation Award Agreement shall be 10% of base salary per year for the Awardee (5% for each of two metrics), and the cumulative three-year amount that can be earned at target shall be 30% times base salary. At minimum or threshold, the amount that can be earned shall be 6% of base salary per year for the Awardee for b...
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Calculation of Awards. The award payable to each Participant shall be determined under the following formula: Award = S * T * X/7% Where: S is the Participant's Salary; T is the Participant's target award, determined under Paragraph 1 above; and
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Calculation of Awards. A Participant's Award will be calculated as a percentage of his or her Base Salary.
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Such awards upon exercise of vested SARs that are in-the-money shall only be made in common stock of the Bank, and not cash, and not a combination of cash and stock. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time. The number of common shares that will be utilized for the EPS calculations shall be 2,427,767 common shares as of January 1, 2015. For the Plan’s award cycles, the 2 equally-weighted metrics shall be Return on Equity and Earnings per Share Growth of the Bank as set forth below: Fidelity Bank SAR Awardee Agreement—CEO January 20, 2016
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Related to Calculation of Awards

  • Allocation of Award The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Termination of Award In the event that the Employee shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee returns this Agreement.

  • Application of Award Lender may hold such awards or proceeds and apply such awards or proceeds, after the deduction of Lender’s expenses incurred in the collection of such amounts (including Attorneys’ Fees and Costs) at Lender’s option, to the Restoration or repair of the Mortgaged Property or to the payment of the Indebtedness, with the balance, if any, to Borrower. Unless Lender otherwise agrees in writing, any application of any awards or proceeds to the Indebtedness will not extend or postpone the due date of any monthly installments referred to in the Note or Article IV of this Loan Agreement, or change the amount of such installments. Borrower agrees to execute such further evidence of assignment of any Condemnation awards or proceeds as Lender may require.

  • Dividend Equivalents and Adjustments (a) Dividend Equivalents shall be paid or credited on RSUs (other than RSUs that, at the relevant record date, previously have been settled or forfeited) as follows, except that the Committee may specify an alternative treatment from that specified in (i), (ii), or (iii) below for any dividend or distribution:

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • Execution of Award Agreement Please acknowledge your acceptance of the terms of this Agreement by electronically signing this Agreement.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Adjustment of Award (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T or any Affiliate, or the financial statements of BB&T or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.

  • Vesting of Awards In the event of a Change in Control, the surviving or successor entity (or its parent corporation) may continue, assume or replace awards granted to the Executive under the terms of the 2013 Equity Plan that are outstanding as of the Change in Control, and such awards or replacements therefore shall remain outstanding and be governed by their respective terms. If and to the extent that outstanding awards granted to the Executive under the terms of the 2013 Equity Plan are not continued, assumed or replaced in connection with a Change in Control, then the vesting of such awards shall be accelerated and such awards shall become immediately fully vested and, in the case of options, exercisable in full as of the Change in Control. With respect to outstanding awards granted to the Executive under the terms of the 2013 Equity Plan that are subject to performance-based vesting conditions, the level of achievement of the performance-based vesting conditions shall be measured consistent with the original terms of the award to preserve the intent of the metrics, and to the extent performance can no longer be reasonably measured consistent with the original terms, the vesting of such awards shall be accelerated and such awards shall become immediately fully vested and, in the case of options, exercisable in full as of the Change in Control. The reference to "fully vested" in connection with any award subject to performance-based vesting conditions refers to vesting at the maximum level of achievement of the performance goal or goals under the award.

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