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
Sources: Restricted Stock Unit Award Agreement (FNB Corp/Fl/), 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 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
Sources: 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 Ag▇▇▇▇▇nt 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 measur▇▇▇▇▇ 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 ▇▇ ▇▇asurement 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
Sources: 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 Agre▇▇▇▇▇ 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 measurem▇▇▇ ▇s 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 ▇▇▇▇urement 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
Sources: Restricted Stock Unit Award Agreement (FNB Corp/Fl/)