Common use of Conditions for Final Award Calculation Part B Award Clause in Contracts

Conditions for Final Award Calculation Part B Award. Certain subsections of Section 6.1 specify that a Final Award will be calculated in two parts: Part A Award and Part B Award. The Part B Award portion, where otherwise applicable pursuant to Section 6.1, is subject to the condition that Grantee have entered into a new change of control employment agreement with PNC after January 1, 2008. Notwithstanding anything in Section 6.1 to the contrary, unless and until Xxxxxxx has entered into such an agreement, the calculation of a Final Award pursuant to Section 6.1 shall in no event include a Part B Award.”

Conditions for Final Award Calculation Part B Award. Certain subsections of Section 6.1 specify that a Final Award will be calculated in two parts: Part A Award and Part B Award. The Part B Award portion, where otherwise applicable pursuant to Section 6.1, is subject to the condition that Grantee have entered into a new change of control employment agreement with PNC after January 1, 2008. Notwithstanding anything in Section 6.1 to the contrary, unless and until Xxxxxxx has entered into such an agreement, the calculation of a Final Award pursuant to Section 6.1 shall in no event include a Part B Award.”