Common use of Suspension and Forfeiture Related to Judicial Criminal Proceedings Clause in Contracts

Suspension and Forfeiture Related to Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation, then to the extent that the Restricted Share Units or any portion thereof are still outstanding and have not yet vested, the vesting of those Restricted Share Units and any further Dividend Equivalent payments shall be automatically suspended. Such suspension of vesting shall continue until the earliest to occur of the following:

Appears in 3 contracts

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

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Suspension and Forfeiture Related to Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation, then to the extent that the Restricted Share Units or any portion thereof are still outstanding and have not yet vested, the vesting of those Restricted Share Units and any further Dividend Equivalent payments shall be automatically suspended. Such suspension of vesting shall continue until the earliest to occur of the following:

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (PNC Financial Services Group, Inc.)

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Suspension and Forfeiture Related to Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of GranteeXxxxxxx’s employment or other service relationship with the Corporation, then to the extent that the Restricted Share Units Performance RSUs and related Dividend Equivalents or any portion thereof are still outstanding and have not yet vested, the vesting of those Restricted Share Units Performance RSUs and any further related Dividend Equivalent payments Equivalents shall be automatically suspended. Such suspension of vesting shall continue until the earliest to occur of the following:

Appears in 1 contract

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

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