Common use of Final Award Determination Clause in Contracts

Final Award Determination. The Committee will certify the level of performance, calculate the Payout Share Units and determine the Final Award as soon as practicable following the last day of the applicable Performance Period. In the event of your death prior to a Change of Control, such determination will occur as soon as practicable following the calendar year that includes your date of death (if earlier). • In the event of a Change of Control, the amount of Payout Share Units will be calculated (as of the date of the Change of Control) and determination of the Final Award will be made as soon as practicable after the Change of Control. • The Final Award may not exceed the maximum Payout Share Units determined as described in subparagraphs (a) and (b) above. • The Committee may exercise negative discretion to reduce the size of a Final Award as provided in paragraph 3. • The Final Award will become vested and payable as of the Final Award Date (defined in Appendix B of this Agreement).

Appears in 1 contract

Samples: Performance Units (PNC Financial Services Group, Inc.)

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Final Award Determination. The Committee will certify the level of performance, calculate the Payout Share Units and determine the Final Award as soon as practicable following the last day of the applicable Performance Period. In the event of your death prior to a Change of Control, such determination will occur as soon as practicable following the calendar year that includes your date of death (if earlier). • In the event of a Change of Control, the amount of Payout Share Units will be calculated (as of the date of the Change of Control) and determination of the Final Award will be made as soon as practicable after the Change of Control. • The Final Award may not exceed the maximum Payout Share Units determined as described in subparagraphs (a) and (b) above. • The Committee may exercise negative discretion to reduce the size of a Final Award as provided in paragraph 3. • The Final Award will become vested and payable as of the Final Award Date (defined in Appendix B of this the Agreement).

Appears in 1 contract

Samples: Award Agreement (PNC Financial Services Group, Inc.)

Final Award Determination. The Committee will certify the level of performance, calculate the Payout Share Units and determine the Final Award as soon as practicable following the last day of the applicable Performance Period. In the event of your death prior to a Change of Control, such determination will occur as soon as practicable following the calendar year that includes your date of death (if earlier). • In the event of a Change of Control, the amount of Payout Share Units will be calculated (as of the date of the Change of Control) and determination of the Final Award will be made as soon as practicable after the Change of Control. • The Final Award may not exceed the maximum Payout Share Units determined as described in subparagraphs (a) and (b) above. • The Committee may exercise negative discretion to reduce the size of a Final Award as provided in paragraph 37. • The Final Award will become vested and payable as of the Final Award Date (defined in Appendix B of this Agreement).

Appears in 1 contract

Samples: Incentive Performance Units Award Agreement (PNC Financial Services Group, Inc.)

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Final Award Determination. The Committee will certify the level of performance, calculate the Payout Share Units and determine the Final Award as soon as practicable following the last day of the applicable Performance Period. In the event of your death prior to a Change of Control, such determination will occur as soon as practicable following the calendar year that includes your date of death (if earlier). • In the event of a Change of Control, the amount of Payout Share Units will be calculated (as of the date of the Change of Control) and determination of the Final Award will be made as soon as practicable after the Change of Control. • The Final Award may not exceed the maximum Payout Share Units determined as described in subparagraphs (a) and (b) above. • The Committee may exercise negative discretion to reduce the size of a Final Award as provided in paragraph 37. • The Final Award will become vested and payable as of the Final Award Date (defined in Appendix B of this the Agreement).

Appears in 1 contract

Samples: Incentive Performance Units Award Agreement (PNC Financial Services Group, Inc.)

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