Common use of Significant Events Clause in Contracts

Significant Events. In accordance with the terms of the Plan the Committee may determine the occurrence of a “significant event” which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE Performance Goal or F.N.B.’s EPS Growth specified in this Agreement and therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE or F.N.B. EPS Growth measurement or other performance measurement as it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE Performance Goal or the earnings per common share measurements described in Section 3(c)(ii) hereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s capital structure during the Performance Period. Such “significant events” contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger related costs, non-recurring activities, and other comparable events.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (FNB Corp/Fl/), Restricted Stock Unit Award Agreement (FNB Corp/Fl/), Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

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Significant Events. In accordance with the terms of the Plan the Committee may determine the occurrence of a “significant event” which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE Performance Goal or F.N.B.’s EPS Growth specified in this Agreement and therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE or F.N.B. EPS Growth measurement or other performance measurement as it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE Performance Goal or the earnings per common share measurements F.N.B. EPS Growth described in Section 3(c)(ii3(c) hereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s capital structure during the Performance Period. Such “significant events” contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger related costs, non-recurring activities, and other comparable events.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (FNB Corp/Fl/), Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

Significant Events. In accordance with the terms of the Plan the Committee may determine the occurrence of a "significant event" which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE 's ROATE Performance Goal or F.N.B.’s 's EPS Growth specified in this Agreement Agxxxxxnt and therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE ROATE or F.N.B. EPS Growth measurement or other performance measurement measurxxxxx as it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements measurement specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE 's ROATE Performance Goal or the earnings per common share measurements described in Section 3(c)(ii) hereofF.N.B. on Peer Institutions' EPS Growth xx xxasurement thereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s 's capital structure during the Performance Period. Such "significant events" contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger related costs, non-recurring activities, and other comparable events.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

Significant Events. In accordance with the terms of the Plan the Committee may determine the occurrence of a "significant event" which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE 's ROATE Performance Goal or F.N.B.’s 's EPS Growth specified in this Agreement Agrexxxxx and therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE ROATE or F.N.B. EPS Growth measurement or other performance measurement as measuremxxx xs it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements measurement specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE 's ROATE Performance Goal or the earnings per common share measurements described in Section 3(c)(ii) hereofF.N.B. on Peer Institutions' EPS Growth or xxxxurement thereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s 's capital structure during the Performance Period. Such "significant events" contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger related costs, non-recurring activities, and other comparable events.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

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Significant Events. In accordance with the terms of the Plan Plan, the Committee may determine the occurrence of a “significant event” which the Committee expects to have a substantial effect on the measurement of F.N.B.’s ROATCE Performance Goal or Goal, F.N.B.’s EPS Growth or F.N.B.’s Dividend Payout Ratio specified in this Agreement and and, therefore, the Committee has sole discretion to establish a revised F.N.B. ROATCE or ROATCE, F.N.B. EPS Growth measurement Growth, F.N.B. Dividend Payout Ratio or other performance measurement as it shall deem necessary and equitable for purposes of maintaining the objective of the Award Amount award contemplated by this Agreement. Such modification of the performance measurements specified in this Agreement by the Committee shall ensure that the F.N.B.’s ROATCE Performance Goal Goal, F.N.B. EPS Growth or the earnings per common share measurements F.N.B. Dividend Payout Ratio described in Section 3(c)(ii3(a)(2) and Section 3(c) hereof, or establishment of new performance measurements shall in no event be detrimental to the Participant and shall be consistent with any adjustment to the Company’s capital structure during the Performance Period. Such “significant events” contemplated herein may include, but not be limited to, capital raises, stock splits, stock buybacks, sale of business units, business restructuring charges, merger merger- related costs, non-recurring activities, and other comparable events.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

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