CONSOLIDATED 2012 STOCK GRANT AGREEMENTPerformance Share Unit Grant Agreement • July 30th, 2012 • Huntington Bancshares Inc/Md • National commercial banks • Ohio
This option has been granted from the Huntington Bancshares Incorporated 2012 Long-Term Incentive Plan (“the Plan”), effective as of May 1, 2012, and, except as otherwise provided herein, will vest in equal increments on each May 1 of the years 2013 through 2015 provided, however, that the number of Incentive Stock Option Shares that vest and the number of Non-Qualified Stock Option Shares that vest may vary due to Internal Revenue Code limits on the number of Incentive Stock Option shares that may vest in any one year. In the event that the employment of the Employee is terminated for reasons other than death, Disability, or Retirement before the third anniversary of the Date of Grant (May 1, 2015), this Incentive Stock Option shall vest and be exercisable in accordance with Section 6.6 of the Plan. This generally means that the rights under each Incentive Stock Option shall be forfeited and any vested Incentive Stock Option shall terminate upon the earlier of (1) the expiration of su
