Common use of Vesting of Award Clause in Contracts

Vesting of Award. Subject to the terms of the Plan and the Agreement, the Award shall be 100% vested and earned on January 1 following the ending of the Performance Period (the “Vesting Date”). The Committee has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 3 contracts

Samples: Agreement (First Citizens Bancshares Inc /De/), Agreement (First Citizens Bancshares Inc /De/), First Citizens Bancshares Inc /De/

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Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2011, following the ending December 31, 2010 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2017, following the ending December 31, 2016 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Ltip Award Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2015, following the ending December 31, 2014 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2019, following the ending December 31, 2018 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Ltip Award Agreement (Bb&t Corp)

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Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2013, following the ending December 31, 2012 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2010, following the ending December 31, 2009 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Bb&t Corp)

Vesting of Award. Subject to the terms of the Plan and the AgreementAgreement (including but not limited to the provisions of Sections 2, 4 and 5 herein), the Award shall be 100% vested and earned on January 1 1, 2016, following the ending December 31, 2015 expiration of the Performance Period (the “Vesting Date”)Period. The Committee Administrator has sole authority to determine whether and to what degree the Award has vested and is payable and to interpret the terms and conditions of this Agreement and the Plan.

Appears in 1 contract

Samples: Ltip Award Agreement (Bb&t Corp)

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