Common Contracts
2 similar Restricted Stock Award Agreement contracts by Fifth Third Bancorp
Restricted Stock Award AgreementRestricted Stock Award Agreement • February 25th, 2015 • Fifth Third Bancorp • State commercial banks
This restricted stock award will vest in three equal annual installments on the first, second, and third anniversaries of the grant date (Anniversary Date), so long as the adjusted return on tangible common equity (“ROTCE”) for Fifth Third Bancorp as determined by the Human Capital and Compensation Committee for the fiscal year ended immediately prior to such Anniversary Date meets or exceeds 2%. If the ROTCE for the fiscal year ended immediately prior to an Anniversary Date is less than 2%, then the annual installment of the award that otherwise was supposed to vest on that Anniversary Date, as well as any other unvested installments, may be forfeited at the discretion of the Board of Directors. In addition, if the ROTCE threshold is met, but your annual risk performance evaluation rating is a one, the Committee has the discretion on an individual basis to forfeit up to 100% of your unvested award.
Restricted Stock Award AgreementRestricted Stock Award Agreement • August 7th, 2013 • Fifth Third Bancorp • State commercial banks
This restricted stock award will vest in three equal annual installments on the first, second, and third anniversaries of the grant date, so long as the adjusted return on tangible common equity (“ROTCE”) for Fifth Third Bancorp as determined by the Human Capital and Compensation Committee for the fiscal year ended immediately prior to such anniversary date meets or exceeds 2%. If the ROTCE for the fiscal year ended immediately prior to an anniversary date is less than 2%, then the annual installment of the award that otherwise was supposed to vest on that anniversary date will not vest and will be forfeited.
