Common use of Term of the Plan Clause in Contracts

Term of the Plan. Unless sooner terminated by the Board or the Committee pursuant to Article 17, the Plan will terminate on April 25, 2016, provided that the Plan will terminate on February 14, 2016 with respect to incentive stock options, and no new Awards may be granted after the applicable termination date. The termination will not affect the validity of any Awards outstanding on the date of termination, including any reload rights and any other rights in accordance with the applicable Award Agreement to new grants in substitution for a Restricted Share or Restricted Share Unit, or a portion thereof, that is forfeited.

Appears in 2 contracts

Samples: Incentive Award Plan (PNC Financial Services Group Inc), Incentive Award Plan (PNC Financial Services Group Inc)

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Term of the Plan. Unless sooner terminated by the Board or the Committee pursuant to Article 17, the Plan will shall terminate on April 25, 20162026, provided that the Plan will shall terminate on February 14March 3, 2016 2026 with respect to incentive stock optionsIncentive Stock Options, and no new Awards may be granted after the applicable termination date. The termination will shall not affect the validity of any Awards outstanding on the date of termination, including any reload rights and any other rights in accordance with the applicable Award Agreement to make new grants in substitution for a Restricted Share or Restricted Share Unit, or a portion thereof, that is forfeited.

Appears in 1 contract

Samples: Incentive Award Plan (PNC Financial Services Group, Inc.)

Term of the Plan. Unless sooner terminated by the Board or the Committee pursuant to Article 17, the Plan will terminate on April 25, 2016, provided that the Plan will terminate on February 14, 2016 with respect to incentive stock options, and no new Awards may be granted after the applicable termination date. The termination will not affect the validity of any Awards outstanding on the date of termination, including any reload rights and any other rights in accordance with the applicable Award Agreement to make new grants in substitution for a Restricted Share or Restricted Share Unit, or a portion thereof, that is forfeited.

Appears in 1 contract

Samples: Incentive Award Plan (PNC Financial Services Group Inc)

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Term of the Plan. Unless sooner terminated by the Board or the Committee pursuant to Article 1713, the Plan will shall terminate on April 25March 31, 2016, provided that the Plan will terminate on February 14, 2016 with respect to incentive stock options2005, and no new Awards options, Rights, Restricted Stock or Incentive Shares may be granted or awarded after the applicable termination such date. The termination will Termination of the Plan shall not affect the validity of any Awards Award outstanding on the date of termination, including any reload rights and any other rights in accordance with the applicable Award Agreement to new grants in substitution for a Restricted Share or Restricted Share Unit, or a portion thereof, that is forfeited.

Appears in 1 contract

Samples: Incentive Stock Plan (Hudson Chartered Bancorp Inc)

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