Common use of Dividend Record Dates Clause in Contracts

Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 (or, in the event of Grantee’s death prior to 2009, after the end of the applicable Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the number of Share Units specified in the Final Award been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 (or, in the event of Xxxxxxx’s death prior to 2009, on the January 1st immediately following the last day of the applicable Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.

Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 2014 (or, in the event of Grantee’s death prior to 20092014, after the end of the applicable overall Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the full number of Share Units specified in the Final Award Award, if any, been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 2015 (or, in the event of Xxxxxxx’s death prior to 20092014, on the January 1st immediately following the last day of the applicable overall Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.

Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 2008 (or, in the event of GranteeXxxxxxx’s death prior to 20092008, after the end of the applicable Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the number of Share Units share units specified in the Final Award been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 2009 (or, in the event of Xxxxxxx’s death prior to 20092008, on the January 1st immediately following the last day of the applicable Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.

Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 2012 (or, in the event of Grantee’s death prior to 20092012, after the end of the applicable overall Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the full number of Share Units specified in the Final Award Award, if any, been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 2013 (or, in the event of Xxxxxxx’s death prior to 20092012, on the January 1st immediately following the last day of the applicable overall Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.

Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 2010 (or, in the event of GranteeXxxxxxx’s death prior to 20092010, after the end of the applicable Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the number of Share Units specified in the Final Award Award, if any, been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 2011 (or, in the event of Xxxxxxx’s death prior to 20092010, on the January 1st immediately following the last day of the applicable Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.