Common use of Relative Performance Goals Clause in Contracts

Relative Performance Goals. 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 (1) TFC ROATCE relative to Peer Group ROATCE and (2) TFC ROACE relative to Peer Group ROACE, each scored independently, then weighted and added together, pursuant to the following: ROATCE Level of Achievement Percentile Performance (TFC ROATCE Relative to Peer Group ROATCE) Weight Payout Percent of Participant’s Target % Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% ROACE Level of Achievement Percentile Performance (TFC ROACE Relative to Peer Group ROATCE) Weight Payout Percent of Participant’s Target % Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Target %” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

Samples: Ltip Award Agreement (Truist Financial Corp)

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Relative Performance Goals. 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 (1) TFC ROATCE relative to Peer Group ROATCE and (2) TFC ROACE relative to Peer Group ROACE, each scored independently, then weighted and added together, pursuant to the following: ROATCE Level of Achievement Percentile Performance (TFC ROATCE Relative to Peer Group ROATCE) Weight Payout Percent of Participant’s Target % Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% ROACE Level of Achievement Percentile Performance (TFC ROACE Relative to Peer Group ROATCEROACE) Weight Payout Percent of Participant’s Target % Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Target %” column above. For performance that is less than the 25th percentile, the payout percentage is 0%.

Appears in 1 contract

Samples: Ltip Award Agreement (Truist Financial Corp)

Relative Performance Goals. 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 (1) TFC ROATCE relative to Peer Group ROATCE and (2) TFC ROACE relative to Peer Group ROACE, each scored independently, then weighted and added together, pursuant to the following: ROATCE Level of Achievement Percentile Performance (TFC ROATCE Relative to Peer Group ROATCE) Weight Payout Percent of Participant’s Target % Shares Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% ROACE Level of Achievement Percentile Performance (TFC ROACE Relative to Peer Group ROATCEROACE) Weight Payout Percent of Participant’s Target % Shares Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Target %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 (Truist Financial Corp)

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Relative Performance Goals. 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 (1) TFC ROATCE relative to Peer Group ROATCE and (2) TFC ROACE relative to Peer Group ROACE, each scored independently, then weighted and added together, pursuant to the following: ROATCE Level of Achievement Percentile Performance (TFC Performance(TFC ROATCE Relative to Peer Group ROATCE) Weight Payout Percent of Participant’s Target % Participant’sShares Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% ROACE Level of Achievement Percentile Performance (TFC Performance(TFC ROACE Relative to Peer Group ROATCEROACE) Weight Payout Percent of ParticipantofParticipant’s Target % Shares Threshold 25th 50% 25% Target 50th 50% 50% Maximum 75th or greater 50% 75% Straight line interpolation will be used to calculate payout percentages not specifically listed in the “Payout Percent of Participant’s Target %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 (Truist Financial Corp)

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