Common use of Forfeiture on Termination of Employment Clause in Contracts

Forfeiture on Termination of Employment. Except as otherwise provided in and subject to the conditions of Section 7.3, Section 7.4(a), Section 7.5(a), Section 7.6(a), Section 7.7 (a), Section 7.7(b), or Section 8, if applicable, or unless the Committee determines otherwise, in the event that Participant’s employment with the Corporation terminates prior to the third (3rd) anniversary of the Grant Date, all Deferred Share Units that are Unvested Share Units on Participant’s Termination Date will be forfeited by Participant to PNC without payment of any consideration by PNC. Upon forfeiture of Unvested Share Units pursuant to the provisions of this Section 7.1 or the provisions of Section 7.2, Section 7.4(b), Section 7.5(b), Section 7.6(c) or Section 7.7(d), neither Participant nor any successors, heirs, assigns or legal representatives of Participant will thereafter have any further rights or interest in such Unvested Share Units.

Forfeiture on Termination of Employment. Except as otherwise provided in and subject to the conditions of Section 7.3, Section 7.4(a), Section 7.5(a), Section 7.5(c), Section 7.6(a), Section 7.7 (a), Section 7.7(b7.6(b), or Section 8, if applicable, or unless the Committee determines otherwise, in the event that ParticipantGrantee’s employment with the Corporation terminates prior to the third (3rd) anniversary of the Grant Date, all Deferred Share Units Restricted Shares that are Unvested Share Units Shares on ParticipantGrantee’s Termination Date will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC. Upon forfeiture of Unvested Share Units Shares pursuant to the provisions of this Section 7.1 or the provisions of Section 7.2, Section 7.4(b), Section 7.5(b), Section 7.6(c7.5(c) or Section 7.7(d7.6(d), neither Participant Grantee nor any successors, heirs, assigns or legal representatives of Participant Grantee will thereafter have any further rights or interest in such Unvested Share UnitsShares or any certificate or certificates representing such Unvested Shares.

Forfeiture on Termination of Employment. Except as otherwise provided in and subject to the conditions of Section 7.3, Section 7.4(a), Section 7.5(a), Section 7.6(a), Section 7.7 (a7.7(a), Section 7.7(b), or Section 8, if applicable, or unless the Committee determines otherwise, in the event that ParticipantGrantee’s employment with the Corporation terminates prior to the third (3rd) anniversary of the Grant Date, all Deferred Share Units Restricted Shares that are Unvested Share Units Shares on ParticipantGrantee’s Termination Date will be forfeited by Participant Grantee to PNC without payment of any consideration by PNC. Upon forfeiture of Unvested Share Units Shares pursuant to the provisions of this Section 7.1 or the provisions of Section 7.2, Section 7.4(b), Section 7.5(b), Section 7.6(c) or Section 7.7(d), neither Participant Grantee nor any successors, heirs, assigns or legal representatives of Participant Grantee will thereafter have any further rights or interest in such Unvested Share UnitsShares or any certificate or certificates representing such Unvested Shares.