PNC Bank 2005 Annual Report Download - page 132

Exhibit 10.17
2006 FORMS OF EMPLOYEE STOCK OPTION, RESTRICTED STOCK
AND RESTRICTED DEFERRAL AGREEMENTS
FORM OF STANDARD EMPLOYEE STOCK OPTION AGREEMENT
THE PNC FINANCIAL SERVICES GROUP, INC.
1997 LONG-TERM INCENTIVE AWARD PLAN
NONSTATUTORY STOCK OPTION AGREEMENT
OPTIONEE: «First_Name_MI» «Last_Name»
GRANT DATE: ___________, 200__
OPTION PRICE: $_________ per share
COVERED SHARES: «Shares»
Terms defined in The PNC Financial Services Group, Inc. 1997 Long-Term Incentive Award Plan as
amended from time to time (“Plan”) are used in this Agreement (“Agreement”) as defined in the Plan
unless otherwise defined in the Agreement or an Annex thereto. In the Agreement, “PNC” means The PNC
Financial Services Group, Inc. and “Corporation” means PNC and its Subsidiaries. For certain definitions,
see Annex A attached hereto and incorporated herein by reference. Headings used in the Agreement and in
the Annexes hereto are for convenience only and are not part of the Agreement and Annexes.
1. Grant of Option. Pursuant to the Plan and subject to the terms of the Agreement, PNC hereby grants to
Optionee an Option to purchase from PNC that number of shares of PNC common stock specified above as
the “Covered Shares,” exercisable at the Option Price.
2. Terms of the Option.
2.1 Type of Option. The Option is intended to be a Nonstatutory Stock Option without Rights.
2.2 Option Period. The Option is exercisable in whole or in part as to any Covered Shares as to which it is
outstanding and has become exercisable (“vested”) at any time and from time to time through the
Expiration Date.
To the extent that the Option or relevant portion thereof is outstanding, the Option will vest as to Covered
Shares as set forth in this Section 2.2.
(a) Unless the Option has become fully vested pursuant to Section 2.2(b), 2.2(c), 2.2(d) or 2.2(e), the
Option will become exercisable (“vest”):
(i) as to one-third (1/3rd) of the Covered Shares (rounded down to the nearest whole Share), commencing
on the first (1st) anniversary date of the Grant Date provided that Optionee is still an employee of the
Corporation on such vesting date or is a Retiree whose Retirement date occurred on or after the six (6)
month anniversary date of the Grant Date;
(ii) as to one-half (1/2) of the remaining Covered Shares (rounded down to the nearest whole Share),
commencing on the second (2nd) anniversary date of the Grant Date provided that Optionee is still an
employee of the Corporation on such vesting date or is a Retiree whose Retirement date occurred on or
after the first (1st) anniversary date of the Grant Date; and