PNC Bank 2005 Annual Report Download - page 172

Reload Option Agreement Form for
Original Options Granted During 1999 or 2000
THE PNC FINANCIAL SERVICES GROUP, INC.
1997 LONG-TERM INCENTIVE AWARD PLAN
RELOAD NONSTATUTORY STOCK OPTION AGREEMENT
OPTIONEE: «EMPLOYEE»
ORIGINAL OPTION GRANT DATE: ______________, [1999][2000]
RELOAD OPTION GRANT DATE: ___________________
RELOAD OPTION PRICE: $ per share
COVERED SHARES: «STOCK AMT»
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 reload nonstatutory stock option agreement (“Reload
Agreement”) as defined in the Plan unless otherwise defined in the Reload Agreement or an Annex thereto.
In the Reload 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 Reload Agreement and in the Annexes hereto are for convenience only and
are not part of the Reload Agreement and Annexes.
1. Grant of Reload Option. Optionee, having exercised all or a portion of the Option granted to Optionee
under the Plan as of ______________, [1999][2000] [insert Original Option grant date] (the “Original
Option”) while employed by the Corporation and in a manner specified in the Addendum to the Original
Option stock option agreement, is hereby granted, pursuant to the Plan and subject to the terms of the
Reload Agreement, a Reload Option (“Reload Option”) to purchase from PNC that number of shares of
PNC common stock specified above as the “Covered Shares,” exercisable at the Reload Option Price.
2. Terms of the Reload Option.
2.1 Type of Option. The Reload Option is intended to be a Nonstatutory Stock Option without Rights.
2.2 Reload Option Period. The Reload 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 Reload Option is otherwise outstanding, the Reload Option will vest as to Covered
Shares as set forth in this Section 2.2.
(a) Unless the Reload Option has become vested pursuant to Section 2.2(b), 2.2(c), 2.2(d), 2.2(e) or 2.2(f),
the Reload Option will become exercisable (“vest”) commencing on the first (1st) anniversary date of the
Reload Option Grant Date provided that Optionee is still an employee of the Corporation on such vesting
date.
(b) If Optionee’ s employment is terminated by the Corporation by reason of Total and Permanent
Disability and not for Cause, the Reload Option will vest as to all outstanding Covered Shares as to which
it has not otherwise vested commencing on Optionee’ s Termination Date.