Common use of Payment of Final Award Determined by Section 6 Clause in Contracts

Payment of Final Award Determined by Section 6. If a Final Award is deemed to be made pursuant to Section 6 rather than determined by the Committee pursuant to Section 5.2, the Final Award is fully vested as of the date of the Change of Control. The number of Share Units in the Final Award will be calculated as of the date of the Change of Control once the final data necessary for the award determination is available, and the Final Award will be paid at the time and in the form set forth below.

Appears in 1 contract

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

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Payment of Final Award Determined by Section 6. If a Final Award is deemed to be made pursuant to Section 6 rather than determined by the Committee pursuant to Section 5.2, the Final Award is fully vested as of the date of the Change of in Control. The number size of Share Units in the Final Award denominated in share units will be calculated as of the date of the Change of in Control once the final data necessary for the award determination is available, and the Final Award will be paid at the time and in the form cash as set forth below.

Appears in 1 contract

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

Payment of Final Award Determined by Section 6. If a Final Award is deemed to be made pursuant to Section 6 rather than determined by the Compensation Committee pursuant to Section 5.2, the Final Award is fully vested as of the date of the Change of Control. The number of Share Units in the Final Award will be calculated as of the date of the Change of Control once the final data necessary for the award determination is available, and the Final Award will be paid at the time and in the form set forth below.

Appears in 1 contract

Samples: Performance Based Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

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Payment of Final Award Determined by Section 6. If a Final Award is deemed to be made pursuant to Section 6 rather than determined by the Committee pursuant to Section 5.2, the Final Award is fully vested as of the date of the Change of in Control. The number size of Share Units in the Final Award in Share Units will be calculated as of the date of the Change of in Control once the final data necessary for the award determination is available, and the Final Award will be paid at the time and in the form cash as set forth below.

Appears in 1 contract

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

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