Performance Condition. In order for the Units to vest, the Company must achieve total revenue of at least $100,000,000 for the Performance Period specified above (such condition to vesting, the “Performance Criteria”). Total revenue for purposes of the Performance Criteria is equal to the sum of net interest income and total noninterest income for the Company.
Appears in 4 contracts
Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)
