Common use of PUP Awards Clause in Contracts

PUP Awards. To the extent applicable, the amount described in this § 1.7(c) shall be the average of the PUP bonus earned by the Executive (disregarding any deferral) for the three (3) full performance cycles ending before 2008, if any, in which Executive participated in the PUP (or, if less, for the number of full performance cycles in which Executive participated in the PUP) and which ended in the three (3) calendar years immediately preceding the calendar year in which Executive’s employment terminates under the circumstances described in § 3.1 or § 3.

Appears in 7 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!