PNC Bank 2005 Annual Report Download - page 276

The 200__ Restricted Award Deferral Account and the Deferred Share Units will be subject to
forfeiture and transfer restrictions pursuant to the terms and conditions of the Agreement during the term of
a Restricted Period as provided in Section A.23 of Annex A.
An appropriate notation that the 200__ Restricted Award Deferral Account and the Deferred Share
Units are subject to the terms and conditions of the Agreement, including such forfeiture possibility and
restrictions against transfer, will be made on the Plan system with respect to the 200__ Restricted Award
Deferral Account and the Deferred Share Units. It will also be noted that release from such terms and
conditions will be made only in accordance with the provisions of the Agreement, a copy of which is on
file in the office of the Corporate Secretary of The PNC Financial Services Group, Inc.
To the extent that the Deferred Share Units become Awarded Share Units and are not forfeited
pursuant to Section 7, the 200__ Restricted Award Deferral Account and Deferred Share Units will be
released from the terms and conditions of the Agreement and the 200__ Restricted Award Deferral Account
will become a regular subaccount under the Plan pursuant to Section 9 as soon as administratively
practicable following termination of the Restricted Period.
4. Phantom Dividends. Subject to Section 7.6(b) or Section 7.7(c), if applicable, and to
Section 17, any earnings credited to Participant under the Plan with respect to the Deferred Share Units in
the 200__ Restricted Award Deferral Account will not be restricted by the Agreement and will be credited
to the subaccount of Participant’ s Plan Account that reflects deferrals of 200__ cash annual incentive
awards.
5. Capital Adjustments. Deferred Share Units, as units of phantom PNC common stock,
will be subject to such adjustment as may be necessary to reflect the effect on such units of corporate
transactions, including, without limitation, stock dividends, stock splits, spin-offs, split-offs,
recapitalizations, mergers, consolidations or reorganizations of or by PNC, on shares of PNC common
stock; provided, however, that any share units credited to Participant as deemed distributions on or in
exchange for Unvested Share Units will be credited to the 200__ Restricted Award Deferral Account as
Deferred Share Units and will be subject to the terms and conditions of the Agreement as such.
6. Prohibitions Against Transfer and Other Limitations. Deferred Share Units may not be
transferred to a subaccount other than the 200__ Restricted Award Deferral Account unless and until they
become Awarded Share Units and are released from the terms and conditions of the Agreement pursuant to
Section 9 following termination of the Restricted Period.
Deferral amounts in the 200__ Restricted Award Deferral Account will not be eligible for hardship
withdrawals and distributions from the 200__ Restricted Award Deferral Account in accordance with
Participant’ s Deferral Election and the Plan will in no event be paid unless and until that subaccount has
been released from the terms and conditions of the Agreement pursuant to Section 9. Any distribution of
the 200__ Restricted Award Deferral Account that would otherwise occur pursuant to the Plan, or
otherwise, will be delayed until that subaccount has been released from the terms and conditions of the
Agreement pursuant to Section 9.
7. Forfeiture; Death; Qualifying Disability, Retirement or DEAP Termination;
Termination in Anticipation of Change in Control; Other Terminations.
7.1 Forfeiture on Termination of Employment. Except as otherwise provided in and subject
to the conditions of Section 7.3, Section 7.4(a), Section 7.5(a), Section 7.6(a), Section 7.7 (a), Section
7.7(b), Section 7.8, or Section 8, if applicable, in the event that Participant’ s employment with the
Corporation terminates prior to the third (3rd) anniversary of the Grant Date, all Deferred Share Units that
are Unvested Share Units on Participant’ s Termination Date will be forfeited by Part icipant to PNC without
payment of any consideration by PNC.
Upon forfeiture of Unvested Share Units pursuant to the provisions of this Section 7.1 or the
provisions of Section 7.2, Section 7.4(b), Section 7.5(b), Section 7.6(c) or Section 7.7(d), neither