Earning an Award Sample Clauses
Earning an Award. The Participant shall be eligible to receive a benefit in Company common shares equal in value based on the Grant Date between 0% and 200% of the Target Performance-Based Equity Award, based on achievement during the Performance Period of the Performance Objective set forth below. Performance between two stated levels will be interpolated when determining the percentage of the Target Performance-Based Equity Award earned. The amount of the Target Performance-Based Equity Award that may be earned in Company common shares will be based on the sum of the Company’s return on equity for each fiscal year during the Performance Period divided by three (“Average ▇▇▇”), compared to the Average ▇▇▇ of the Company’s Peer Group during the Performance Period (“Relative Average ▇▇▇”). The total, maximum number of ▇▇▇ Award Shares described in the Grant Notice eligible to be earned was determined by (i) dividing the dollar amount of Participant’s Target Performance-Based Equity Award by the average reported closing price of a share of Company common stock during the 30-day period ending on the day prior to the Grant Date of this Award, and (ii) multiplying the result by 200% (x 2.0), rounded to the nearest whole share. Therefore, between 0% and 100% of the ▇▇▇ Award Shares are subject to vesting on the “Normal Vesting Date” stated in the Grant Notice, in accordance with the following schedule and percentages: Performance Objective: Relative Average ▇▇▇ during Performance Period Percentage of Average ▇▇▇ Award Shares Earned Less than Peer Group 25th percentile 0% Equal to Peer Group 25th percentile (threshold) 10% Equal to Peer Group 50th percentile (target) 50% Equal to or higher than Peer Group 75th percentile (max) 100% For these purposes: (i) Relative Average ▇▇▇ shall be determined by the Committee in its sole discretion; and (ii) the Committee shall select the institutions constituting, and make such periodic adjustments as it determines appropriate to, the “Peer Group” in its sole discretion.
Earning an Award. At the end of the Performance Period, the Participant shall be eligible to receive a cash payment equal to between 0% and 150% of the Target Award based on the achievement of the Performance Objectives set forth in Exhibit A during the Performance Period (the “Award”).
Earning an Award. At the end of the Performance Period, the Participant shall be eligible to receive a payment equal to between 0% and 250% of the Target Cash Award based on the achievement of the Performance Objectives set forth below during the Performance Period. Performance between two stated levels will be interpolated when determining the percentage of the Target Cash Award earned. Performance with respect to each Performance Objective is calculated separately.
(a) The Target Cash Award can be earned based on the Company’s Total Shareholder Return during the Performance Period compared to the Total Shareholder Return of the Peer Group during the Performance Period (“Relative TSR”) that corresponds to the percentage below: Relative TSR Compared to Peer Group during Performance Period Percentage of Target Cash Award Earned Equal to or less than Peer Group 25th percentile 0% Equal to Peer Group 50th percentile 50% Equal to Peer Group 59th percentile 100% Equal to or higher than Peer Group 85th percentile 250% For this purpose: (i) Relative TSR shall be determined by the Committee in its sole discretion; and (ii) the Committee shall select the institutions constituting, and make such periodic adjustments as it determines appropriate to, the “Peer Group” in its sole discretion.
Earning an Award. At the end of the Performance Period, the Participant shall be eligible to receive a payment equal to between 0% and 250% of the Target Award based on the achievement of the Performance Objectives set forth below during the Performance Period. Performance between two stated levels will be interpolated when determining the percentage of the Target Award earned. Performance with respect to each Performance Objective is calculated separately.
(a) 30% of the Target Award can be earned based on the Company’s Total Shareholder Return during the Performance Period compared to the Total Shareholder Return of the Peer Group during the Performance Period (“Relative TSR”) that corresponds to the percentage below: Equal to or less than Peer Group 25th percentile 0% Equal to Peer Group 50th percentile 50% Equal to Peer Group 59th percentile 100% Equal to or higher than Peer Group 85th percentile 250%
(b) 70% of the Target Award can be earned based on the Company’s the sum of the Company’s return on equity for each fiscal year during the Performance Period divided by three (“Average R▇▇”) compared to the Average R▇▇ of the Peer Group during the Performance Period that corresponds to the percentage below: Equal to or less than Peer Group 25th percentile 0% Equal to Peer Group 50th percentile 50% Equal to Peer Group 59th percentile 100% Equal to or higher than Peer Group 85th percentile 250% For this purpose: (i) Relative TSR and Average R▇▇ shall be determined by the Committee in its sole discretion; and (ii) the Committee shall select the institutions constituting, and make such periodic adjustments as it determines appropriate to, the “Peer Group” in its sole discretion.