Vested Share Units definition

Vested Share Units means Share Units in respect of which all vesting terms and conditions set forth in the Plan and the applicable Grant Agreement have been either satisfied or waived in accordance with the Plan.

Vested Share Units means Share Units in respect of which all vesting terms and conditions set forth in the Plan and the applicable Grant Agreement have been either satisfied or waived in accordance with the Plan. 2.2 In this Plan, unless the context requires otherwise, words importing the singular number may be construed to extend to and include the plural number, and words importing the plural number may be construed to extend to and include the singular number.

Vested Share Units means Vested Performance Share Units and Vested Restricted Share Units, as applicable, and “Vested Share Unit” means any one of them;

Examples of Vested Share Units in a sentence

• Vested Share Units may be settled in a lump sum or in installments.

• The right to ongoing Dividend Equivalents is granted in connection with the Restricted Share Units and therefore shall terminate, without payment of any consideration by PNC, upon the settlement of Vested Share Units or the cancellation of Unvested Share Units, whichever is applicable.

• If the Separation from Service occurs prior to the expiration of the Performance Period, the number of Earned Share Units becoming Vested Share Units shall be prorated in the proportion that the number of days elapsed from the beginning of the Performance Period through the date of the Separation from Service bears to 1,095.

• The Company shall redeem the Vested Share Units elected to be redeemed by the Participant on the earlier of (i) within fifteen Business Days of the Elected Redemption Date and (ii) the date set out in Article 11 or Section 12.1, if applicable, by, subject to Section 10.5, at the election of the Participant in the Redemption Notice, issuing to the Participant the number of Common Shares equal to the number of Vested Share Units elected to be redeemed.

• In respect to any Participant subject to the Policy, if the date on which any Restriction Period will lapse and as a result of which Restricted Share Units will become Vested Share Units falls within a blackout period imposed by the Policy, the date described in this sentence shall automatically be extended by this Section 6 to the second U.S. business day immediately following the last day of the applicable blackout period.

More Definitions of Vested Share Units

Vested Share Units means Share Units which have vested in accordance with the terms of this Plan and/or the terms of the applicable Grant Agreement; and

Vested Share Units means Share Units which have vested in accordance with section 5 and the terms of the applicable Grant Agreement;

Vested Share Units means Share Units that have vested.

Vested Share Units means Performance Share Units, Restricted Share Units and Dividend Share Units which have vested at the time and based on the achievement of performance conditions, if any, set out in the applicable Grant Agreement;

Vested Share Units means Share Units in respect of which all vesting terms and conditions set forth in the Plan and the applicable Grant Agreement have been either satisfied or waived in accordance with the Plan. 2.2 In this Plan, unless the context requires otherwise, words importing the singular number may be construed to extend to and include the plural number, and words importing the plural number may be construed to extend to and include the singular number. 3. GRANT OF SHARE UNITS AND TERMS 3.1 The Corporation may grant Share Units to such Participant or Participants in such number and at such times as the Corporation may, in its sole discretion, determine, as a bonus or similar payment in respect of services rendered by the Participant for a Fiscal Year or otherwise as compensation, including as an incentive for future performance by the Participant. 3.2 In granting any Share Units pursuant to Section 3.1, the Corporation shall designate: (a) the number of Share Units which are being granted to the Participant;

Vested Share Units means Vested Performance Share Units and Vested Restricted Share Units,

Vested Share Units means, in respect of an Eligible Employee, the percentage (which may be more or less than 100% but shall not exceed the maximum specified in the applicable Grant Agreement) of the Share Units granted to the Eligible Employee that has vested in accordance with Article 3 by virtue of satisfaction of Performance Conditions or Time-Based Conditions as set out in the applicable Grant Agreement at the applicable time;