Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative Clause Samples
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Performance RSUs and related Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, or otherwise alienated or hypothecated.
(b) If Grantee is deceased at the time any outstanding vested Performance RSUs and Dividend Equivalents are settled and paid in accordance with the terms of Section 9, such delivery of shares and/or other payment shall be made to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to Grantee’s other legal representative as determined in good faith by PNC.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 13, shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Incentive Performance Units and related Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, or otherwise alienated or hypothecated.
(b) If Grantee is deceased at the time any outstanding Final Award authorized by the Agreement is to be paid in accordance with the terms of Section 9, such delivery of shares and/or other payment shall be made to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to ▇▇▇▇▇▇▇’s other legal representative as determined in good faith by PNC.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 13, shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Performance Units may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered.
(b) If Grantee is deceased at the time any Final Award authorized by this Agreement is to be paid, such payment shall be made to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to ▇▇▇▇▇▇▇’s other legal representative as determined in good faith by the Committee.
(c) Any payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Shares may not be sold, assigned, transferred, exchanged, pledged, or otherwise alienated or hypothecated, other than as may be required pursuant to Section 10.2, unless and until all of the conditions of the Agreement have been satisfied with respect to such Restricted Shares, the Restricted Period terminates, and the Restricted Shares are released and reissued by PNC pursuant to Section 9.
(b) If Grantee is deceased at the time Restricted Shares are released and reissued by PNC in accordance with Section 9, PNC will deliver such shares to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to ▇▇▇▇▇▇▇’s other legal representative as determined in good faith by PNC.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Performance RSUs and related Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, or otherwise alienated or hypothecated.
(b) If Grantee is deceased at the time any outstanding vested Performance RSUs and Dividend Equivalents are settled and paid out in accordance with the terms of Section 7, such delivery of shares and/or other payment shall be made to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to Grantee’s other legal representative as determined in good faith by PNC.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 11, shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Unvested Shares may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered, other than as may be required pursuant to Section 10.2, unless and until the [applicable] Restricted Period terminates and the Awarded Shares are released and reissued by PNC pursuant to Section 9.
(b) If Grantee is deceased at the time Restricted Shares become Awarded Shares, PNC will deliver such shares to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to ▇▇▇▇▇▇▇’s other legal representative as determined in good faith by the Committee.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative shall extinguish all right to payment hereunder.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. Restricted Share Units [and related Dividend Equivalents] may not be sold, assigned, transferred, exchanged, pledged, or otherwise alienated or hypothecated.
Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Unvested Restricted Share Units and Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered.
(b) If Grantee is deceased at the time Restricted Share Units vest and are settled in accordance with the terms of Section 6, such payment will be made to the executor or administrator of ▇▇▇▇▇▇▇’s estate or to Grantee’s other legal representative as determined in good faith by the Committee.
(c) Any delivery of shares or other payment made in good faith by PNC to ▇▇▇▇▇▇▇’s executor, administrator or other legal representative shall extinguish all right to payment hereunder.