Shortened Performance Period Clause Samples
Shortened Performance Period. The period of time from the beginning of the Performance Period to the calendar quarter ending on or before the Vesting Acceleration Event shall be referred to as the “Shortened Performance Period”. Performance Goals under a Shortened Performance Period shall be determined by (i) the average of Trustmark’s ROATCE for each calendar quarter in the Shortened Performance Period compared to the Target ROATCE; and (ii) Trustmark’s TSR ranking for the Performance Period compared to the TSR for the Peer Group over the same period, where vesting in the Award is equal to the Pro-Rata Portion multiplied by the sum of the vesting percentage in (A) and the vesting percentage in (B) in the table above. EXHIBIT B Definitions The following terms have the following meanings for purposes of this Agreement:
Shortened Performance Period. The Performance Period for the Ongoing Performance Portion will be shortened to a date that is both (a) no earlier than ten (10) business days prior to the consummation of the Change in Control and (b) no later than the date immediately prior to the consummation of the Change in Control.
Shortened Performance Period. The Performance Period will be shortened to end (contingent upon the closing of the Change in Control) on a date that occurs within the ten (10) day period prior to the expected date of completion of the Change in Control, with such end date and expected date determined by the Administrator, in its sole discretion (such shortened Performance Period, the “Shortened Performance Period”). If the anticipated Change in Control is not consummated, the Performance Period will continue without regard to the Shortened Performance Period.