Common use of Performance Unit Award Clause in Contracts

Performance Unit Award. The Participant may earn the cash value of any Supplemental Performance Units dependent on F.N.B.’s performance relative to the Performance Metrics and the Calculated Amount described above and the vesting conditions described below. Subject to the provisions of this Agreement and the provisions of the Plan, F.N.B. hereby grants to the Participant an Award of Performance Units, equal to the dollar value of any Supplemental Performance Units, which shall become vested in an amount determined by the ICG Growth Table value, as adjusted by application of the TSR Multiplier Table value, and be payable in cash, subject to the vesting conditions in Sections 4 and 5 herein.

Appears in 2 contracts

Sources: Combined Performance Based Restricted Stock Unit and Performance Unit Award Agreement (FNB Corp/Pa/), Performance Based Restricted Stock Unit and Performance Unit Award Agreement (FNB Corp/Pa/)

Performance Unit Award. The Participant may earn the cash value of any Supplemental Performance Units dependent on F.N.B.’s performance relative to the Performance Metrics and the Calculated Amount described above and the vesting conditions described below. Subject to the provisions of this Agreement and the provisions of the Plan, F.N.B. hereby grants to the Participant an Award of Performance Units, equal to the dollar value of any Supplemental Performance Units, which shall become vested in an amount determined by the ICG Growth Operating ROATCE excluding AOCI Table value, as adjusted by application of the TSR Multiplier Table value, and be payable in cash, subject to the vesting conditions in Sections 4 and 5 herein.

Appears in 1 contract

Sources: Combined Performance Based Restricted Stock Unit and Performance Unit Award Agreement (FNB Corp/Pa/)

Performance Unit Award. The Participant may earn the cash value of any Supplemental Performance Units dependent on F.N.B.’s performance relative to the Performance Metrics and the Calculated Amount described above and the vesting conditions described below. Subject to the provisions of this Agreement and the provisions of the Plan, F.N.B. hereby grants to the Participant an Award of Performance Units, equal to the dollar value of any Supplemental Performance Units, which shall become vested in an amount determined by the ICG Growth ROATCE Table value, as adjusted by application of the TSR Multiplier Table value, and be payable in cash, subject to the vesting conditions in Sections 4 and 5 herein.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit and Performance Unit Award Agreement (FNB Corp/Pa/)