Annual Corporate Performance Potential Payout Percentages. The Compensation Committee also establishes the applicable Annual Corporate Performance Potential Payout Calculation Schedule (as defined in Section 15.3 and sometimes referred to herein as the “Schedule”) for the 2012 Incentive Performance Units. Unless and until amended prospectively by the Compensation Committee, the Schedule established by the Compensation Committee at the time it authorized the 2012 Incentive Performance Units that accompanies the Agreement shall be applied in order to generate the Annual Corporate Performance Potential Payout Percentage (as defined in Section 15.4) for each of the applicable covered annual performance measurement periods in the applicable overall Performance Period from the corporate performance results for each such covered period. For each applicable covered annual performance period (which may consist of a full calendar year or a shorter partial-year period as required by the Agreement), PNC will measure EPS growth and ROCE performance for the covered period with respect to that year for PNC and for each other member of the applicable Peer Group as of the end of the covered period and will calculate the relative rankings of PNC and the other Peers with respect to each corporate performance metric for the covered period with respect to that given year, all as set forth in Section 3.3. Once PNC and other Peer EPS growth and ROCE performance and rankings have been measured and calculated for a given covered annual performance measurement period in accordance with Section 3.3, the applicable Schedule (as defined in Section 15.3) will be applied (1) to generate a payout percentage for each corporate metric for that given full or partial year period, as the case may be, based on such relative covered period performance, and then (2) to generate the final Annual Corporate Performance Potential Payout Percentage for that given full or partial year period, as the case may be, giving equal weight to each corporate performance metric. Such results will be presented to the Compensation Committee.
