General Vesting Terms. Any fractional Restricted Incentive Units resulting from the vesting of the Restricted Incentive Units in accordance with the Agreement shall be rounded down to the nearest whole number. Any portion of the Restricted Incentive Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period.
General Vesting Terms. Any fractional Vested Share resulting from the vesting of the Restricted Shares in accordance with the Agreement shall be rounded to the nearest whole number. Any of the Restricted Shares that do not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period. In the event of a termination of the Participant’s employment with the Company or any of its Subsidiaries for any reason other than the Participant’s death prior to the Vesting Date, all unvested Restricted Shares will be immediately forfeited.
General Vesting Terms. (i) Provided the Participant remains employed by the Company or a Subsidiary through the applicable vesting date set forth in this Section 2 (the “Vesting Date”) and meets all applicable requirements set forth in this Agreement, the Restricted Stock Units awarded pursuant to this Agreement shall vest as follows, except as set forth in Sections 2(b) and 2(c) below (the period over which the Restricted Stock Units vest is referred to as the “Period of Restriction”):
General Vesting Terms. The actual number of Performance Units that vest will be based on the actual performance level achieved with respect to each Performance Goal. If the actual performance level achieved for any Performance Goal does not meet threshold performance for the applicable Performance Goal, then no Performance Units will be earned and vested for that Performance Goal pursuant to this Award. Threshold level performance may be achieved for one Performance Goal and not another based on the Company’s actual performance during the Performance Period. The actual number of Performance Units that vest will be determined by the Committee based on the actual performance level achieved with respect to each Performance Goal during the Performance Period, factoring in the weighting for each Performance Goal. The maximum number of Performance Units that may become earned and vested pursuant to this Award is capped at <<percent>>% of the Target Award.
General Vesting Terms. The Participant shall vest in a number of Performance Units with respect to the Target Award based on the attainment of the Performance Goals as of the end of the Performance Period (as defined below), provided that, except as set forth in Sections 2(b), 2(c) and 2(d), the Participant remains employed by the Company or a Subsidiary through <<date>> (the “Vesting Date”). The performance period is the period beginning on <<date>> and ending on <<date>>, unless earlier terminated in accordance with Sections 2(b), 2(c), or 2(d) below (the “Performance Period”). Except as specifically provided below in this Section 2, no Performance Units will vest for any reason prior to the Vesting Date, and in the event of a termination of the Participant’s employment prior to the Vesting Date, the Participant will forfeit to the Company all Performance Units that have not yet vested as of the termination date.
General Vesting Terms. Any of the Shares that do not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period. Further, in the event of a termination of the Participant’s employment with the Company or any of its Related Entities for any reason other than the Participant’s death prior to the Vesting Date, all unvested Shares will be immediately forfeited, except as otherwise provided in the Agreement.
General Vesting Terms. Bear Equity shall vest into 8.3333% of the total Executive Preferred Units every quarter (i.e. every three calendar months) that has elapsed after the Vesting Start Date such that at the end of three (3) years after the Vesting Start Date Bear Equity shall be fully vested in said Units, subject to the below terms and Section 3.2 hereof.
(a) In the event the Executive’s employment with the Company or any of its Subsidiaries is terminated by the Company or any of its Subsidiaries for any reason other than for Cause, including, but not limited to, by reason of death or disability, then Bear Equity shall immediately vest into 100% of the total Executive Preferred Units;
(b) In the event the Executive’s employment with the Company or any of its Subsidiaries is terminated by the Company or any of its Subsidiaries for Cause OR if Executive voluntarily terminates his employment with the Company or any of its Subsidiaries, then (i) Bear Equity shall retain any and all Executive Preferred Units vested on or before the Termination Date, and (ii) any and all Executive Preferred Units that are unvested as of the Termination Date shall be automatically forfeited back to the Company in accordance with Section 3.3 below.
(c) In the event the Company elects and/or appoints a Chairman of the Board other than Executive (without Executive’s approval), then Executive shall have the right (but not the obligation) to elect one of the following options: (i) if Executive elects to have full and immediate acceleration of vesting on all unvested Executive Preferred Units, then such accelerated vesting shall immediately occur and Executive shall remain subject to all of the terms and conditions of the Noncompetition and Nonsolicitation Agreement through the remainder of that Noncompetition and Nonsolicitation Agreement’s three (3) year term, or (ii) if Executive elects to not have full and immediate acceleration of vesting under such circumstances, then Executive shall thereafter not be subject to any of the terms and conditions of said Noncompetition and Nonsolicitation Agreement (however, if Executive elects this option (ii) AND continues to be employed by the Company, then Executive will be subject to the terms and conditions of said Noncompetition and Nonsolicitation Agreement ONLY for as long as Executive’s employment with the Company continues — after which such restrictions shall immediately expire). If Executive is going to exercise the above referenced election, the Executiv...
General Vesting Terms. The Committee shall have sole discretion to calculate the achievement of the Performance Goals and to make such adjustments as the Committee deems necessary or appropriate, including any adjustments deemed necessary or appropriate to determine vesting upon a Change in Control consistent with Section 4(e) of the Terms and Conditions. The Committee’s determinations shall be final and binding. Any fractional Performance Share Unit resulting from the vesting of the Performance Share Units in accordance with this Exhibit A shall be rounded down to the nearest whole number. Any portion of the Performance Share Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period. M&T BANK CORPORATION TERMS AND CONDITIONS PERFORMANCE SHARE UNIT AWARD
General Vesting Terms. Except as set forth in Paragraphs 2(b) and 2(c) below, to the extent the achieved Performance Factor is greater than 0% as of the end of the Performance Period (as defined below), the Grantee shall vest in a number of RSUs (the “Final RSUs”) based on the attainment of the TSR performance goals described on Schedule A as of the end of the Performance Period (as defined below), such vesting to be as follows: (i) 1/3 of the aggregate amount of the Final RSUs shall vest on the last day of the Performance Period (the “Initial Vesting Date”), (ii) 1/3 of the aggregate amount of the Final RSUs shall vest on the first anniversary of the Initial Vesting Date, and (iii) the remaining 1/3 of the aggregate amount of the Final RSUs shall vest on the second anniversary of the Initial Vesting Date, provided that with respect to each such 1/3 tranche, the Grantee remains employed by the Company or any Subsidiaries through the respective vesting date (i.e., with respect to the initial 1/3, the Grantee must remain so employed on the Initial Vesting Date). The Performance Period is the one year period beginning on the Grant Date (the “Performance Period”). Your Final RSUs will be determined by multiplying the Target Award by the percentage (from zero to 150%) (the “Performance Factor”) which is based on the Company’s Total Shareholder Return during the Performance Period compared to the Index Constituent Companies, determined according to Schedule A of this Agreement. Except as specifically provided below in this Section 2, no RSUs will vest for any reason prior to the Initial Vesting Date. Except as provided in Paragraphs 2(b) and 2(c) below, if the TSR performance goals are not attained at the end of the Performance Period, the RSUs will be immediately forfeited. Upon vesting in accordance herewith or Paragraph 2(c), the restrictions and conditions in Paragraph 1 of this Agreement with respect to such RSU shall lapse and such RSU shall become payable to the Grantee in shares of Stock on the relevant vesting date in the amount of the vested RSUs in accordance with this Paragraph (a) and Schedule A. Any fractional RSU resulting from the vesting of the RSUs in accordance with this Agreement shall be rounded down to the nearest whole number.
General Vesting Terms. The Committee shall have sole discretion to calculate the achievement of the Performance Goals and to make such adjustments as the Committee deems necessary or appropriate, including any adjustments deemed necessary or appropriate to determine vesting upon a Change in Control consistent with Section 4(e) of the Terms and Conditions. The Committee’s determinations shall be final and binding. Any fractional Performance Share Unit resulting from the vesting of the Performance Share Units in accordance with this Exhibit A shall be rounded down to the nearest whole number. Any portion of the Performance Share Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period. Citizens Financial Group, Inc. (CFG) Comerica Incorporated (CMA) Fifth Third Bancorp (FITB) First Horizon (FHN) Huntington Bancshares Incorporated (HBAN) KeyCorp (KEY) PNC Financial Services Group, Inc. (PNC) Regions Financial Corporation (RF) Truist (TFC) U.S. Bancorp (USB) Zions Bancorporation (ZION)
