Common use of Forfeiture for Detrimental Conduct Clause in Contracts

Forfeiture for Detrimental Conduct. Unvested Share Units that would otherwise remain in effect after Participant’s Termination Date, if any, will be forfeited by Participant to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units become Awarded Share Units, PNC determines that Participant has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units that remain outstanding after Participant’s Termination Date pursuant to Section 7.3 or Section 7.7, if any; (b) no determination that Participant has engaged in Detrimental Conduct may be made on or after the date of Participant’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan in the event of Participant’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units upon a Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc), Restricted Stock Agreement (PNC Financial Services Group Inc)

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Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.77.6, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantXxxxxxx’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc), Restricted Stock Agreement (PNC Financial Services Group Inc)

Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.77.5, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantGrantee’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.7, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantGrantee’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.77.6, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantGrantee’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

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Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.77.5, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantXxxxxxx’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsVested Shares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.77.5, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantGrantee’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

Forfeiture for Detrimental Conduct. Unvested Share Units Shares that would otherwise remain in effect outstanding after ParticipantGrantee’s Termination Date, if any, will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such units shares become Awarded Share UnitsShares, PNC determines that Participant Grantee has engaged in Detrimental Conduct; provided, however, that: (a) this Section 7.2 will not apply to Deferred Share Units Restricted Shares that remain outstanding after ParticipantGrantee’s Termination Date pursuant to Section 7.3 or Section 7.7, if any; (b) no determination that Participant Grantee has engaged in Detrimental Conduct may be made on or after the date of ParticipantGrantee’s death; (c) Detrimental Conduct will not apply to conduct by or activities of successors to Participant’s interests under the Plan Restricted Shares by will or the laws of descent and distribution in the event of ParticipantXxxxxxx’s death; and (d) Detrimental Conduct will cease to apply to any Deferred Share Units Restricted Shares upon a Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (PNC Financial Services Group Inc)

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