Common use of Payment of the Award Clause in Contracts

Payment of the Award. E.1 PAYMENT TIMING Except as otherwise provided below, vested Payout Share Units that remain outstanding will be settled as soon as practicable following (i) the applicable Scheduled Vesting Date (and no later than March 15th following the year the Award becomes fully vested), or (ii) your date of death, if your date of death is prior to the applicable Scheduled Vesting Date (and no later than December 31st of the year following the year of your death).

Appears in 4 contracts

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

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Payment of the Award. E.1 PAYMENT TIMING Except as otherwise provided below, vested Payout Share Units that remain outstanding will be settled as soon as practicable following (i) the applicable Scheduled Vesting Final Award Date (and no later than (x) December 31st following the year of death, in the event of your death, or (y) March 15th following the year the Award becomes fully vested), or (ii) your date of death, if your date of death is prior to the applicable Scheduled Vesting Date (and no later than December 31st of the year following the year of your deathvests).

Appears in 3 contracts

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

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