Common use of Loss Clause in Contracts

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s degree of involvement (including such factors as ▇▇▇▇▇▇▇’s current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s performance.

Appears in 8 contracts

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s 's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s 's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s 's performance.

Appears in 4 contracts

Sources: Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc), Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc), Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until calendar year preceding the applicable payment dateSettlement Date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s 's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s 's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s 's performance.

Appears in 3 contracts

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s Grantee's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s Grantee's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ Grantee was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s 's performance.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇Grantee’s accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s degree of involvement (including such factors as ▇▇▇▇▇▇▇Grantee’s current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ Grantee was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s performance.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment dateSettlement Date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s 's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s 's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s 's performance.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s 's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s 's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s ▇▇▇▇▇▇▇'s performance.

Appears in 1 contract

Sources: Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc)

Loss. In order to encourage sustainable, long-term performance, settlement of the Restricted Stock Units (and related Dividend Equivalent Rights) shall be specifically conditioned on the Company and its lines of business remaining profitable during the period from the Grant Date until the applicable payment date. If a loss is determined to have occurred, then the Committee, together with key control functions, shall review such losses and ▇▇▇▇▇▇▇’s 's accountability for such losses, and may require reimbursement of all or part of a Grant previously paid to Grantee and/or authorize the cancellation of unpaid or unvested Grants. In making such determination, the Committee shall consider all relevant facts and circumstances, including (i) the magnitude of the loss (including positive or negative 2014 Agreement (revised 1/2015) 11 variance from plan); (ii) Grantee’s 's degree of involvement (including such factors as ▇▇▇▇▇▇▇’s 's current or former leadership role with respect to SunTrust or the relevant line of business, and the degree to which ▇▇▇▇▇▇▇ was involved in decisions that are determined to have contributed to the loss); and (iii) Grantee’s ▇▇▇▇▇▇▇'s performance.

Appears in 1 contract

Sources: Performance Vested Restricted Stock Unit Agreement (Suntrust Banks Inc)