Calculation of Awards Sample Clauses

Calculation of Awards. If both the internal and external performance goals set forth in Schedule B are met, the Fund shall be distributed among Participants as follows:
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Calculation of Awards. Final Awards for each Claimant shall be calculated in accordance with the procedure delineated in Appendix 1. The following is a summary of Appendix 1: To calculate a Claimant’s Final Award, each Claimant’s Provisional Award may be subject to the following reductions:
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time.
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Calculation of Awards. The award payable to each Participant shall be determined under the following formula: Award = S * T * X/7% Where: S is the Participant's Salary; T is the Participant's target award, determined under Paragraph 1 above; and
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Calculation of Awards. A Participant's Award will be calculated as a percentage of his or her Base Salary.
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Such awards upon exercise of vested SARs that are in-the-money shall only be made in common stock of the Bank, and not cash, and not a combination of cash and stock. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time. The number of common shares that will be utilized for the EPS calculations shall be 2,427,767 common shares as of January 1, 2015. For the Plan’s award cycles, the 2 equally-weighted metrics shall be Return on Equity and Earnings per Share Growth of the Bank as set forth below: Fidelity Bank SAR Awardee Agreement—CEO January 20, 2016
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Calculation of Awards. Following the end of each year and the end of three years, the Compensation Committee (the “Compensation Committee”) will calculate the dollar amount of Awardee’s actual Awards. In calculating the number of actual Awards, Target Awards will be determined after taking into account any adjustments due to employment changes, as described below. Such awards upon exercise of vested SARs that are in-the-money shall only be made in common stock of the Bank, and not cash, and not a combination of cash and stock. Metrics for each Award shall be as set forth by the Compensation Committee in its discretion from time to time. The number of common shares that will be utilized for the EPS calculations and for Sections 28 and 29 below shall be 2,427,767 common shares as of January 1, 2015. For the Plan’s award cycles, the 2 equally-weighted metrics shall be Return on Equity and Earnings per Share Growth of the Bank as set forth below: Fidelity Bank SAR Awardee Agreement—Senior Officer February 1, 2016 STOCK OPTION (SAR) AWARD AGREEMENT For Return on Equity (XXX): · the minimum (threshold) level of achievement shall be 8.50% year-over-year return (and three-year cumulative return); · the target level shall be 9.25% year-over-year return (and three-year cumulative return); and · the maximum level shall be 10% year-over-year return (and three-year cumulative return). Three-year cumulative XXX goals: · Minimum: 8.50% per year; · Target:9.25% per year; and · Maximum: 10% per year. For Core Earnings per Share Growth (EPS): · the minimum (threshold) level of achievement shall be 3% year-over-year improvement (and three-year cumulative improvement of $2.874 per share for the 3-year Performance Period); · the target level shall be 6% year-over-year improvement (and three-year cumulative improvement of $3.132 per share for the 3-year Performance Period); and · the maximum level shall be 9% year-over-year improvement (and three-year cumulative improvement of $3.406 per share for the 3-year Performance Period). At target, the amount that can be earned for the CEO’s direct reports (also called “Senior Officers”) for both this Award Agreement and the Restricted Stock Participation Award Agreement shall be 10% of base salary per year for the Awardee (5% for each of two metrics), and the cumulative three-year amount that can be earned at target shall be 30% times base salary. At minimum or threshold, the amount that can be earned shall be 6% of base salary per year for the Awardee for b...
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Related to Calculation of Awards

  • Allocation of Award The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Termination of Award In the event that the Employee shall forfeit all or a portion of the restricted stock units subject to the Award, the Employee shall promptly return this Agreement to the Company for cancellation. Such cancellation shall be effective regardless of whether the Employee returns this Agreement.

  • Notification of Award 2.28.1 Prior to the expiration of the period of tender validity, the Procuring entity will notify the successful tenderer in writing that its tender has been accepted.

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Calculation of Adjustments All adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share to the next lower 1/10,000th of a share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, that any adjustments which by reason of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If an adjustment is made to the Settlement Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a), an adjustment shall also be made to the Applicable Market Value solely to determine which of clauses (i), (ii) or (iii) of the definition of Settlement Rate in Section 5.1(a) will apply on the Stock Purchase Date. Such adjustment shall be made by multiplying the Applicable Market Value by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator of which shall be the Settlement Rate immediately before such adjustment; provided, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period taken into consideration for determining the Applicable Market Value, appropriate and customary adjustments shall be made to the Settlement Rate.

  • Adjustment of Award (a) The Administrator shall have authority to make adjustments to the terms and conditions of the Award in recognition of unusual or nonrecurring events affecting BB&T or any Affiliate, or the financial statements of BB&T or any Affiliate, or of changes in applicable laws, regulations or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations.

  • Forfeiture of Awards The Restricted Stock Units granted hereunder (and gains earned or accrued in connection therewith) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct or Competitive Activity) as may be adopted by the Administrator or the Board from time to time and communicated to the Employee or as required by applicable law, and are otherwise subject to forfeiture or disgorgement of profits as provided by the Plan.

  • Payment of Award The Performance Shares that may become payable pursuant to this Award Agreement shall be based upon the highest performance determined in accordance with the provisions of Section 4 or, in the event of a Change in Control prior to the Final Measurement Date, based on performance at the level determined in accordance with the provisions of Section 3.4. In other words, the attainment of multiple performance measures under this Award Agreement will not result in the payment of a cumulative number of Performance Shares for each performance measure achieved. Payment of the Award, to the extent earned, shall be made as follows:

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