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Common use of Final Award Calculation Clause in Contracts

Final Award Calculation. Where a Final Award is deemed to be awarded pursuant to Section 6 by reason of the occurrence of a Change of Control, the Final Award payout calculation will be as set forth in the applicable subsection of Section 6.

Appears in 2 contracts

Sources: Performance Based Restricted Share Units Award Agreement (PNC Financial Services Group, Inc.), Incentive Performance Units Agreement (PNC Financial Services Group Inc)

Parent Clauses

  • Change of Control Prior to a Committee Determined Award Date
  • Change in Control Prior to a Committee Determined Award Date
  • Amendment to 2007-2009 Incentive Performance Units Agreement
  • Amendment to 2006-2008 Incentive Performance Unit Agreement
  • Acceptance of Grant; PNC Right to Cancel; Effectiveness of Agreement

Sub-Clauses

  • Qualifying Retirement
  • Death While an Employee
  • Qualifying Disability
  • Standard Change of Control Payout Calculation
  • Qualifying Termination in Anticipation of a Change of Control
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