Performance Vesting Condition definition

Performance Vesting Condition means any condition established by the Board, from time to time, which may include conditions based on the Participant’s personal performance and the financial performance of the Corporation, and that is to be used to determine the vesting of the Options.

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Performance Vesting Condition means, for any vesting year during the four (4) year vesting period, that the Administrator has not determined that all or any part of the unvested Award be cancelled as a result of either (i) a significant, negative risk outcome as a result of a corporate or individual action, or (ii) TFC incurring an operating loss for the fiscal year ending in the vesting year. The term “fiscal year” means the calendar fiscal year of TFC. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The 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.

Performance Vesting Condition means the achievement of the Debt Ratio as determined under this Term Sheet, at levels at or above “Threshold” level performance.

Examples of Performance Vesting Condition in a sentence

• The Reference Business and the Performance Vesting Condition are not modified solely because Participant transfers employment within the Company or terminates employment with the Company.

• This Performance Vesting Condition and General Clawback are not modified solely because Participant transfers employment within the Company or terminates employment with the Company.

• The payment of a vested installment of a Deferred Cash Award will include the accrued notional interest on the value of the installment that vests after the Performance Vesting Condition described in Section 2(b) is applied and all other conditions to vesting are satisfied.

• As the Deferred Stock Award is subject to the Performance Vesting Condition, the Deferred Stock Award will accrue dividend equivalents during the vesting period, which will be the same as dividends paid to record holders of shares of outstanding Citigroup stock.

• The unvested portion of the Award will continue to vest on schedule subject to all other provisions of this Agreement, including, without limitation, the Citi Clawback, the General Clawback, and the Performance Vesting Condition in Section 4(a), during a leave of absence that is approved by the Company, is provided by applicable law and is taken in accordance with such law and applicable Company policy (a “statutory leave of absence”).

More Definitions of Performance Vesting Condition

Performance Vesting Condition shall be satisfied based on the achievement of the performance goals set forth on Schedule 1 hereto, during the performance period set forth therein, as determined by the Board in its sole discretion.

Performance Vesting Condition means the achievement of a Relative TSR Percentile of at least the 25th percentile.

Performance Vesting Condition means, for any vesting year during the four (4) year vesting period, that the Administrator has not determined that all or any part of the unvested Award be cancelled as a result of either (i) a significant, negative risk outcome resulting from the Participant’s action that triggers a retrospective review by management, or (ii) the Participant’s Line of Business incurring an operating loss for the fiscal year ending in the vesting year. As used herein, “Line of Business” means a profit center or business unit of TFC or an Affiliate to which the Participant is assigned as an Employee, or in the absence of such an assignment, subsection (ii) of the definition of Performance Vesting Condition shall be inapplicable. The term “fiscal year” means the calendar fiscal year of TFC. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The Administrator (or its designee as provided in the Plan) 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.

Performance Vesting Condition means the achievement by the Company of (i) Adjusted Operating Income

Performance Vesting Condition means, for any vesting year during the three (3) year vesting period, that the Administrator has not determined that all or any part of the unvested Option be cancelled as a result of either (i) a significant, negative risk outcome as a result of a corporate or individual action, or (ii) BB&T incurring an operating loss for the fiscal year ending in the vesting year. The term “fiscal year” means the calendar fiscal year of BB&T. The term “vesting year” means the twelve- (12-) month period ending on each anniversary of the Grant Date. The Administrator shall have the sole authority to determine whether and to what degree the Option has vested pursuant to the provisions of this Section 3(b)(i), and to interpret the terms and conditions of this Agreement and the Plan.

Performance Vesting Condition means the achievement of Adjusted Operating

Performance Vesting Condition means the achievement of an amount of Adjusted Operating Income for Fiscal Year [ ], as determined under this Term Sheet, equal to or in excess of [ ] of the Operating Income Target Amount.