Common use of Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement Clause in Contracts

Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by Xxxxxxx. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Date.

Appears in 4 contracts

Samples: Restricted Share Unit Agreement (PNC Financial Services Group, Inc.), Restricted Share Unit Agreement (PNC Financial Services Group, Inc.), Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

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Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by XxxxxxxGrantee. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Date.

Appears in 4 contracts

Samples: Cash Payable Incentive Performance Units Award Agreement (PNC Financial Services Group, Inc.), Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.), Nonstatutory Stock Option Agreement (PNC Financial Services Group, Inc.)

Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee Xxxxxxx does not accept the Award by executing the Agreement and delivering a an executed copy of the Agreement to PNC, without altering or changing the terms thereof of the Agreement in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to GranteeXxxxxxx’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by XxxxxxxGrantee. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Date.

Appears in 3 contracts

Samples: Standard Annual Incentive Deferral Plan Program (PNC Financial Services Group, Inc.), Restricted Share Unit Agreement (PNC Financial Services Group, Inc.), Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by XxxxxxxGrxxxxx. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Date.

Appears in 1 contract

Samples: Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

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Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by Xxxxxxx. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Designated Marker Date.

Appears in 1 contract

Samples: Standard Annual Incentive Deferral Plan Program (PNC Financial Services Group, Inc.)

Acceptance of Award; PNC Right to Cancel; Effectiveness of Agreement. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of an unaltered and unchanged copy of the Agreement so executed by Xxxxxxx. Otherwise, upon such execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Grant Issuance Date.

Appears in 1 contract

Samples: Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

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