Common use of Absolute Performance Goal Clause in Contracts

Absolute Performance Goal. The average return on shareholders’ common equity for BB&T during the Performance Period determined in accordance with United States generally accepted accounting principles (“BB&T GAAP ROCE”) must be at least three percent (3%), and if less than three percent (3%) there will not be an Award payout.

Appears in 4 contracts

Samples: Ltip Award Agreement (Bb&t Corp), Performance Unit Award Agreement (Bb&t Corp), Ltip Award Agreement (Bb&t Corp)

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Absolute Performance Goal. The average return on shareholders’ common equity for BB&T during the Performance Period determined in accordance with United States generally accepted accounting principles principles, as adjusted by BB&T (“BB&T GAAP ROCE”) ), must be at least three percent (3%), and if less than three percent (3%) there will not be an Award payout.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Bb&t Corp), Ltip Award Agreement (Bb&t Corp)

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Absolute Performance Goal. The average return on shareholders’ common equity for BB&T during the Performance Period determined in accordance with United States generally accepted accounting principles principles, as adjusted by BB&T (“BB&T Adjusted GAAP ROCE”) ), must be at least three percent (3%), and if less than three percent (3%) there will not be an Award payout.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Bb&t Corp), Ltip Award Agreement (Bb&t Corp)

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