SNL Index definition
Examples of SNL Index in a sentence
In the event SNL Financial LC ceases to publish the SNL Index, the Committee will engage an independent compensation consultant to assist the Committee in selecting a new bank index or bank peer group for purposes of determining if a Performance Goal has been met.
If the ratio of the Company’s ROA to the SNL Index is greater than or equal to 61% and less than 71%, 75% of the Restricted Stock Benefit will vest on the Vesting Date.
If the ratio of the Company’s ROA to the SNL Index is greater than or equal to 81% and less than 91%, 100% of the Restricted Stock Benefit will vest on the Vesting Date.
If the ratio of the Company’s ROA to the SNL Index is 91% or greater, 100% of the Restricted Stock Benefit will vest on the Vesting Date.
If the ratio of the Company’s ROA to the SNL Index is less than 61%, 0% of the Restricted Stock Benefit will vest on the Vesting Date.
If the ratio of the Company’s ROA to the SNL Index is greater than or equal to 71% and less than 81%, 100% of the Restricted Stock Benefit will vest on the Vesting Date.
SNL Index of banks and thrifts located in New England and Mid-Atlantic with assets of PEER GROUP as constituted at the end of the Performance Measurement Period or Shortened Performance Measurement Period, as applicable.
In the event S&P Global Market Intelligence LLC (or any successor) ceases to publish the SNL Index, the Committee will engage an independent compensation consultant to assist the Committee in selecting a new bank index or bank peer group for purposes of determining if a Performance Goal has been met.
If the percentile rank of the Company’s ROA to the SNL Index is greater than or equal to 51% and less than 61%, 50% of the Restricted Stock Benefit will vest on the Vesting Date.
If the percentile rank of the Company’s ▇▇▇ to the SNL Index is greater than or equal to 61% and less than 71%, 75% of the Restricted Stock Benefit will vest on the Vesting Date.