Performance Weight definition

Performance Weight equals the relative importance of each performance measure in evaluating performance and determining the number of Performance Based Restricted Shares earned. The following weight has been assigned to each performance factor:
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Performance Weight equals the relative importance of each performance measure in evaluating performance relative to the peer group and determining the number of Performance Based Restricted Shares earned. The following weight has been assigned to each performance factor: RELATIVE EPS BVPS TSR GROWTH GROWTH --- ------ ------ 50% 25% 25% PEER GROUP The Peer Group for the 2004 Awards will include the following 30 banks. For subsequent Award cycles, the Committee will reevaluate the makeup of the Peer Group. TICKER PEER GROUP SYMBOL STATE ---------- ------ ----- First Horizon FHN TN Hibernia Corp HIB LA Colonial BancGroup CNB AL Associated Banc Corp ASBC WI Commerce Bancshares Inc CBSH MO BOK Financial Corp BOKF OK Sky Financial Group Inc SKYF OH Mercantile Bankshares Corp MRBK MD TCF Financial TCB MN FirstMerit Corp FMER OH BancorpSouth Inc BXS ▇▇ ▇▇▇▇▇▇/▇▇▇▇▇ Bankers Inc CFR TX Valley National Bancorp VLY NJ ▇▇▇▇▇▇ Financial Corp FULT PA UMB Financial Corp UMBF MO South Financial Group Inc TSFG SC Citizens Banking Corp CBCF MI Whitney Holding Corp WTNY LA Trustmark Corp TRMK MS F N B Corp/FL FNB FL First Midwest Bancorp Inc FMBI IL Intl Bancshares Corp IBOC TX Susquehanna Bancshares Inc SUSQ PA Southwest Bancorp of Texas SWBT TX Republic Bancorp RBNC MI ▇▇▇▇▇ Financial IFC IN AMCORE Financial AMFI IL 1st Source Corporation SRCE IN First Merchants Corporation FRME IN Integra Bank Corp. IBNK IN Peer Group members may be removed in the event of a merger or acquisition.
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Performance Weight equals the relative importance of each performance measure in evaluating performance relative to the peer group and determining the number of Performance Based Restricted Shares earned. The following weight has been assigned to each performance factor: RELATIVE EPS BVPS TSR GROWTH GROWTH -------- ------ ------ 50% 25% 25% PEER GROUP The Peer Group for the 2004 Awards will include the following 30 banks. For subsequent Award cycles, the Committee will reevaluate the makeup of the Peer Group. TICKER FY 2003 TOTAL PEER GROUP SYMBOL STATE ASSETS ---------- ------ ----- ------------- First Horizon FHN TN $ 24,469.0 Hibernia Corp HIB LA $ 18,560.0 Colonial BancGroup CNB AL $ 16,273.0 Associated Banc Corp ASBC WI $ 15,247.9 Commerce Bancshares Inc CBSH MO $ 14,287.2 BOK Financial Corp BOKF OK $ 13,695.5 Sky Financial Group Inc SKYF OH $ 13,018.2 Mercantile Bankshares Corp MRBK MD $ 12,896.5 TCF Financial TCB MN $ 11,319.0 FirstMerit Corp FMER OH $ 10,719.4 BancorpSouth Inc BXS MS $ 10,473.6 Cullen/Frost Bankers Inc CFR TX $ 10,303.5 Valley National Bancorp VLY NJ $ 9,880.7 ▇▇▇▇▇▇ Financial Corp FULT PA $ 9,767.3 UMB Financial Corp UMBF MO $ 9,672.1 South Financial Group Inc TSFG SC $ 8,308.3 Citizens Banking Corp CBCF MI $ 7,914.3 Whitney Holding Corp WTNY LA $ 7,755.0 Trustmark Corp TRMK MS $ 7,749.0 F N B Corp/FL FNB FL $ 7,711.1 First Midwest Bancorp Inc FMBI IL $ 6,906.7 Intl Bancshares Corp IBOC TX $ 6,578.3 Susquehanna Bancshares Inc SUSQ PA $ 5,953.1 Southwest Bancorp of Texas SWBT TX $ 5,945.0 Republic Bancorp RBNC MI $ 5,550.0 ▇▇▇▇▇ Financial IFC IN $ 4,988.0 AMCORE Financial AMFI IL $ 4,543.0 1st Source Corporation SRCE IN $ 3,330.0 First Merchants Corporation FRME IN $ 3,076.0 Integra Bank Corp. IBNK IN $ 2,958.0 Peer Group members may be removed in the event of a merger or acquisition.
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Examples of Performance Weight in a sentence

  • Old National's rank will then be multiplied times the Performance Weight for each Performance Factor, resulting in Old National's Weighted Average Performance Rank.

  • Performance Weight" equals the relative importance of each performance measure in evaluating performance and determining the number of Performance Based Restricted Shares earned.

Related to Performance Weight

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies: