Determination of Payout Share Units following a Change of Control. The calculated maximum Payout Share Units are determined by adding together the number of IPUs in the Pre-COC Tranche and the number of IPUs in the Post-COC Tranche upon application of the applicable Annual Performance Factors. The amount of Payout Share Units is rounded down to the nearest whole share unit. The Committee does not have discretion to increase or decrease this calculated potential award amount.
Appears in 2 contracts
Samples: Performance Units (PNC Financial Services Group, Inc.), Award Agreement (PNC Financial Services Group, Inc.)
Determination of Payout Share Units following a Change of Control. The calculated maximum Payout Share Units are determined by adding together the number of IPUs in the Pre-COC Tranche and the number of IPUs in the Post-COC Tranche upon application of the applicable Annual Performance Factors. The amount of Payout Share Units is rounded down to the nearest whole share unit. The Committee does not have discretion to increase or decrease this calculated potential award amount.
Appears in 2 contracts
Samples: Incentive Performance Units Award Agreement (PNC Financial Services Group, Inc.), Incentive Performance Units Award Agreement (PNC Financial Services Group, Inc.)
