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:
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:
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.
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...
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
Calculation of Awards. A Participant's Award will be calculated as a percentage of his or her Base Salary.
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
