Corporate Performance Factor definition

Corporate Performance Factor is defined in Section 3.3.

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Corporate Performance Factor is the percentage determined based on EPS as described in the next section; and

Corporate Performance Factor is generated at the end of the Performance Period. Once the 5-Year TSR is determined at the end of the Performance Period, a corporate performance factor is calculated using the table attached as Exhibit 1 and applying linear interpolation, rounding to the nearest one-hundredth. The Corporate Performance Factor will adjust the Award upwards or downwards, up to a maximum of 25 percentage points either direction, such that the Corporate Performance Factor will range between 75.00% and 125.00% of the number of outstanding PRSUs. If PNC’s absolute TSR for the 5-year performance period is negative, however, the Corporate Performance Factor cannot exceed 100%. In the event of your death or a Change of Control, the provisions of paragraph 7 will govern the calculation of the Corporate Performance Factor.

Examples of Corporate Performance Factor in a sentence

Once the Committee approves the final Corporate Performance Factor, it applies this percentage to (x) the target number of PSUs (as reduced for any failure to meet the CET1 Ratio during the Performance Period), and rounds down to the nearest whole share unit.
CONDITIONS If the final Corporate Performance Factor (as defined in Appendix C) is determined by the Committee to be 0.00%, the Award will be eligible to be forfeited and cancelled without payment of any consideration by PNC as of the date of such determination.
If EPS for FY2005 is $ , then the Corporate Performance Factor for that Fiscal Year is %.
Once an Annual Corporate Performance Factor has been determined (in accordance with Section 6.1 and Section 6.4, if applicable) with respect to the performance year for the given Tranche, the Annual Tier 1 Risk-Based Performance Factor for that same performance year and Tranche (determined in accordance with Section 6.2 and Section 6.4, if applicable) will be applied as a percentage to that corporate factor.
The Corporate Performance Factor will range from 0.00% to 150.00%.
Next, the Committee determines whether to approve the calculated Corporate Performance Factor, a lower percentage or a higher percentage based on application of any risk-related adjustment (described in paragraph 5) or other Committee discretion consistent with paragraph 6.
Once Average ▇▇▇ and Relative Average EPS Growth are determined, the Corporate Performance Factor is calculated using the table below.
For example, if for a given Tranche the Annual Corporate Performance Factor is 105.00%, the Annual Tier 1 Risk-Based Performance Factor is 100.00%, and the Annual Risk Review Performance Factor is 95.00%, the overall Annual Performance Factor for the Tranche would be 99.75%.
Assuming that the overall Annual Performance Factor is not determined to be 0.00% as a result of application of the first risk performance factor, the Annual Risk Review Performance Factor for the performance year (determined in accordance with Section 6.3 and Section 6.4, if applicable), which can range from 0.00% to 100.00%, will then be applied as a percentage of the Annual Corporate Performance Factor for the same performance year to generate the overall Annual Performance Factor for the Tranche.
If so, the Committee will determine the size of the risk adjustment to the Corporate Performance Factor (including reducing such Corporate Performance Factor to zero.) Any determination to conduct a risk performance review will be made shortly after the close of the Performance Period, but no later than the 45th day following the close of the Performance Period, and any required review will be conducted no later than the end of the first quarter following the close of the Performance Period.

More Definitions of Corporate Performance Factor

Corporate Performance Factor is the percentage determined based partly on EPS and partly on the achievement of the five specified Strategic Transformation Imperatives, as described in the next Section; and

Corporate Performance Factor or “Corporate Factor” has the meaning set forth in Section 3.4. The Corporate Performance Factor is calculated as the weighted average, as set forth below, of the Annual Corporate Performance Potential Payout Percentages for all of the covered annual performance measurement periods in the applicable overall Performance Period specified in the applicable subsections of Section 5 or Section 6 of the Agreement, as the case may be, including those covered periods consisting of a full year, if any, and those, if any, consisting of a partial year, but in no event more than three covered periods in all and in no event resulting in a Corporate Performance Factor of greater than 200.00%; For purposes of calculating the Corporate Performance Factor, the weighted average for the Corporate Performance Factor will be calculated as follows:

Corporate Performance Factor has the meaning set forth in Section 3.4. The Corporate Performance Factor is calculated as the weighted average, as set forth below, of the Annual Potential Payout Percentages for all of the covered annual performance measurement periods in the applicable overall Performance Period specified in the applicable subsections of Section 5 or Section 6 of the Agreement, as the case may be, including those covered periods consisting of a full year, if any, and those, if any, consisting of a partial year, but in no event more than three covered periods in all and in no event resulting in a Corporate Performance Factor of greater than 200.00%; For purposes of calculating the Corporate Performance Factor, the weighted average for the Corporate Performance Factor will be calculated as follows: (1) the sum of one, two or three amounts, as the case may be, for the one, two or three covered periods, as applicable, in the overall Performance Period specified in the Agreement, where the amount for a given covered period is calculated by the applicable subsection below: (i) for any applicable full year covered annual performance period in the overall Performance Period, if any, the amount will be the product of (a) the Annual Potential Payout Percentage for such full year covered period and (b) four (for the four full completed quarters in any such covered period); (ii) for any applicable partial year covered annual performance period in the overall Performance Period, if any, the amount will be the product of (a) the Annual Potential Payout Percentage for that partial year covered period and (b) the number of full completed quarters, if any, in such covered period; (2) the total number of quarters in the applicable overall Performance Period. If all of the Annual Potential Payout Percentages are 0.00%, then the Corporate Performance Factor will be 0.00%.

Corporate Performance Factor is the percentage determined based on EPS as described in the next section. In applying this formula, two additional rules apply: • Under the Cumulative Test, the result is reduced by the number of Performance Shares earned in the preceding Fiscal Year or Years; and • In no case may the total number of Performance Shares earned as of the end of any Fiscal Year exceed the Cumulative Maximum Number of Performance Shares set forth in Table 1.