ROATA definition

ROATA means for each of F.N.B. and the Peer Financial Institutions the calculation of Net Income plus amortization of intangibles, net of tax, divided by average Total Tangible Assets.
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Examples of ROATA in a sentence

  • Except as provided in Section 4.1, this Agreement shall become effective when it has been executed by the Borrower, the Guarantors, the Lenders and the Administrative Agent and the Administrative Agent have received copies hereof and thereof (electronically or otherwise), and thereafter this Agreement shall be binding upon and inure to the benefit of the Borrower, the Guarantors, the Administrative Agent and each Lender and their respective successors and permitted assigns.

  • Should the Company's Return on Average Tangible Assets for Fiscal 2017 be equal to or greater than [ ]% (the "Fiscal 2017 Maximum Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2017 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

  • Should the Company's Return on Average Tangible Assets for Fiscal 2015 be equal to or greater than [ ]% (the "Fiscal 2015 Maximum Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2015 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

  • Should the Company's Return on Average Tangible Assets for Fiscal 2015 equal [__]% (the "Fiscal 2015 Target Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2015 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

  • Should the Company's Return on Average Tangible Assets for Fiscal 2016 equal [__]% (the "Fiscal 2016 Target Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2016 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

  • The purpose of the Award Amount is to align the Participant’s interest with that of F.N.B. stockholders by providing compensation to the Participant if F.N.B. attains an attractive financial and stock performance for F.N.B. stockholders relative to peer performance during the Vesting Period through achievement of Relative ROATA (Schedule 2) and Relative TSR (Schedule 3) during the relevant measurement periods.

  • Should the Company's Return on Average Tangible Assets for Fiscal 2016 be equal to or greater than [ ]% (the "Fiscal 2016 Maximum Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2016 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

  • The mean of F.N.B.’s ROATA for the three fiscal years comprising the ROATA Performance Period must be greater than or equal to the 25th percentile of the calculated mean of the individual Peer Financial Institutions’ ROATA for the three fiscal years of the ROATA Performance Period (see Schedule 2).

  • Should the Company's Return on Average Tangible Assets for Fiscal 2017 equal [__]% (the "Fiscal 2017 Target Amount of ROATA") then so long as the Required Employment Period applicable thereto is met by the Grantee the portion of the Performance Units granted pursuant to the Agreement related to the Company's Fiscal 2017 Performance Period shall be settled by the issuance to the Grantee of ____ shares of the Company's Common Stock in accordance with Section 1(b) of the Agreement.

Related to ROATA

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