Common use of Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative Clause in Contracts

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will extinguish all right to payment hereunder.

Appears in 3 contracts

Samples: Standard Annual Incentive Deferral Plan Program (PNC Financial Services Group, Inc.), Restricted Share Unit Agreement (PNC Financial Services Group, Inc.), Performance Based Stock Payable Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.)

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Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section Sections 3, 6 and 10, will shall extinguish all right to payment hereunder.

Appears in 3 contracts

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

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section Sections 3, 6 and 10, will extinguish all right to payment hereunder.

Appears in 2 contracts

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

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and Final Award authorized by the Agreement is to be paid out in accordance with the terms of Section 69, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 1013, will shall extinguish all right to payment hereunder.

Appears in 2 contracts

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

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will representative shall extinguish all right to payment hereunder.

Appears in 2 contracts

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

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will shall extinguish all right to payment hereunder.

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (PNC Financial Services Group, Inc.), Restricted Share Unit Agreement (PNC Financial Services Group, Inc.)

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Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will representative shall extinguish all right to payment hereunder.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (PNC Financial Services Group, Inc.)

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will shall extinguish all right to payment hereunder.

Appears in 1 contract

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

Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Restricted Share 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 vested Restricted Share Units are settled and paid out in accordance with the terms of Section 6, such delivery of shares and/or other payment will shall be made to the executor or administrator of Xxxxxxx’s estate or to XxxxxxxGrantee’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 10, will shall extinguish all right to payment hereunder.

Appears in 1 contract

Samples: Standard Annual Incentive Deferral Plan Program (PNC Financial Services Group, Inc.)

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