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) 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 Xxxxxxx’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 Xxxxxxx’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 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 97, such delivery of shares and/or other payment shall be made to the executor or administrator of Xxxxxxx’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 Xxxxxxx’s executor, administrator or other legal representative, or retained by PNC for taxes pursuant to Section 1311, shall extinguish all right to payment hereunder.