Common use of Relative Performance Goal Clause in Contracts

Relative Performance Goal. If the Absolute Performance Goal is achieved, the Award payout for the Performance Period will then be evaluated by the Administrator against the Peer Group based upon BB&T Adjusted GAAP ROCE relative to Peer Group Adjusted GAAP ROCE pursuant to the following: Level of Achievement Percentile Performance(BB&T Adjusted GAAP ROCE Relative to Peer Group Adjusted GAAP ROCE) Payout Percent of Participant’s Shares Threshold 25th 50% 30th 60% 35th 70% 40th 80% 45th 90% Target 50th 100% 55th 110% 60th 120% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Shares” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

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

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Relative Performance Goal. If the Absolute Performance Goal is achieved, the Award payout for the Performance Period will then be evaluated by the Administrator against the Peer Group based upon BB&T Adjusted GAAP ROCE relative to Peer Group Adjusted GAAP ROCE pursuant to the following: Level of Achievement Percentile Performance(BB&T Adjusted GAAP ROCE Relative to Peer Group Adjusted GAAP ROCE) Payout Percent of Participant’s Shares Target % Threshold 25th 50% 30th 60% 35th 70% 40th 80% 45th 90% Target 50th 100% 55th 110% 60th 120% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s SharesTarget %” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

Samples: Ltip Award Agreement (Bb&t Corp)

Relative Performance Goal. If the Absolute Performance Goal is achieved, the Award payout for the Performance Period will then be evaluated by the Administrator against the Peer Group based upon BB&T Adjusted GAAP ROCE relative to Peer Group Adjusted GAAP ROCE pursuant to the following: Level of Achievement Percentile Performance(BB&T Adjusted GAAP ROCE Relative to Peer Group Adjusted GAAP ROCE) Payout Percent of Participant’s Shares Threshold 25th 50% 30th 60% 35th 70% 40th 80% 45th 90% Target 50th 100% 55th 110% 60th 120% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Shares” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

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

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Relative Performance Goal. If the Absolute Performance Goal is achieved, the Award payout for the Performance Period will then be evaluated by the Administrator against the Peer Group based upon BB&T Adjusted GAAP ROCE relative to Peer Group Adjusted GAAP ROCE pursuant to the following: Level of Achievement Percentile Performance(BB&T Adjusted GAAP ROCE Relative to Peer Group Adjusted GAAP ROCE) Payout Percent of Participant’s Shares Target % Threshold 25th 50% 30th 60% 35th 70% 40th 80% 45th 90% Target 50th 100% 55th 110% 60th 120% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s SharesTarget %” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

Samples: Ltip Award Agreement (Bb&t Corp)

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