Common use of Performance Requirement Clause in Contracts

Performance Requirement. F.N.B.’s relative return on average tangible common equity (“ROATCE”), as calculated under Section 3(c)(i) herein, during the four year period beginning on January 1, 2010, and ending on December 31, 2013 (the “Performance Period”), is greater than or equal to the 25th percentile of the peer financial institutions’ (identified in Schedule 1 attached hereto and hereinafter referred to as the “Peer Financial Institutions”) ROATCE during the Performance Period as approved by the Committee on March 17, 2010 (“ROATCE Performance Goal”).

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (FNB Corp/Fl/), Restricted Stock Unit Award Agreement (FNB Corp/Fl/)

Performance Requirement. F.N.B.’s relative return on average tangible common equity (“ROATCE”), as calculated under Section 3(c)(i3(b)(i) herein, during the four four-year period beginning on January 1, 20102012, and ending on December 31, 2013 2015 (the “Performance Period”), is greater than or equal to the 25th percentile of the peer financial institutions’ (identified in Schedule 1 attached hereto and hereinafter referred to as the “Peer Financial Institutions”) ROATCE during the Performance Period as approved by the Committee on March 1721, 2010 2012 (“ROATCE Performance Goal”).

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (FNB Corp/Fl/)