Document:

2010 Forms of Employee Stock Option, Restricted Stock & Restricted Share Unit

 EXHIBIT 10.48 
 2010 FORMS OF EMPLOYEE STOCK OPTION, RESTRICTED STOCK 
 AND
RESTRICTED SHARE UNIT AGREEMENTS 
 FORMS OF EMPLOYEE STOCK OPTION AGREEMENTS 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 NONSTATUTORY STOCK OPTION AGREEMENT 
  

			
	OPTIONEE:	 	«First  Name  MI» «Last  Name»
		
	GRANT DATE:	 	            , 20    
		
	OPTION PRICE:	 	$             per share
		
	COVERED SHARES:	 	«Shares»

 1. Definitions; Grant of Option.
Certain terms used in this Nonstatutory Stock Option Agreement (the “Agreement”) are defined in Annex A hereto (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except
where the context otherwise indicates. 
 Pursuant to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (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. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and “Corporation” means PNC and its Consolidated Subsidiaries.
Headings used in the Agreement are for convenience only and are not part of the Agreement. 
 2. Terms of the Option. 
 2.1 Type of Option. The Option is intended to be a Nonstatutory Stock Option. 
 2.2 Option Period. Except as otherwise set forth in Section 2.3, the Option is exercisable in whole or in part as to any Covered Shares as to which it is outstanding and has become exercisable
at any time and from time to time through the Expiration Date as defined in Section A.18 of Annex A hereto, including and subject to the early termination provisions set forth in said definition. 
 To the extent that the Option or relevant portion thereof is then outstanding and the Expiration Date has not yet occurred, the Option will become
exercisable as to Covered Shares as set forth in this Section 2.2. 
 (a) Unless the Option has previously become exercisable pursuant to
another subsection of this Section 2.2, the Option will become exercisable as follows: 
 (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 anniversary 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 anniversary date or is a Retiree whose Retirement date occurred on or after the first (1st) anniversary date of the Grant Date; and 
 (iii) as to the remaining Covered Shares, commencing on the third (3rd) anniversary date of the Grant Date provided that Optionee is still an employee of the Corporation on such
anniversary date or is a Retiree whose Retirement date occurred on or after the first (1st) anniversary date of the Grant Date. 
 (b) If Optionee’s employment is terminated by
the Corporation by reason of Disability and not for Cause, the Option will become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable commencing on Optionee’s Termination Date. 
 (c) If Optionee’s employment with the Corporation is terminated by reason of Optionee’s death, the Option will immediately become exercisable as
to all outstanding Covered Shares as to which it has not otherwise become exercisable, and the Option may be exercised by Optionee’s properly designated beneficiary, by the person or persons entitled to do so under Optionee’s will, or by
the person or persons entitled to do so under the applicable laws of descent and distribution. 
 (d) If, after the occurrence of a Change of
Control Triggering Event but prior to the occurrence of a Change of Control Failure or of the Change of Control triggered by the Change of Control Triggering Event, Optionee’s employment with the Corporation is terminated by the Corporation
without Cause or by Optionee with Good Reason, the Option will become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable commencing on Optionee’s Termination Date. 
 (e) Notwithstanding any other provision of this Section 2.2, to the extent that the Option is outstanding but has not yet become fully exercisable at
the time a Change of Control occurs, the Option will become exercisable as to all then outstanding Covered Shares as to which it has not otherwise become exercisable, effective as of the day immediately prior to the occurrence of the Change of
Control, provided that, at the time the Change of Control occurs, Optionee is either (i) an employee of the Corporation or (ii) a former employee of the Corporation whose Option, or portion thereof, has not yet become exercisable but is
then outstanding and continues to qualify for becoming exercisable pursuant to the terms of Section 2.2(a)(i), (ii) and/or (iii). 
 (f) The Committee or its delegate may in their sole discretion, but need not, accelerate the date as of which all or any portion of the Option first becomes exercisable subject, if applicable, to such limitations as may be set forth in the
Plan. 
 If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of
PNC under generally accepted accounting principles and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the
time this occurs. 
 2.3 Judicial Criminal Proceedings. If any criminal charges are brought against Optionee, in an indictment or in
other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation, then to the extent that the
Option is then outstanding and exercisable or would otherwise become exercisable, the Committee may determine to suspend the exercisability of the Option or to require the escrow of the proceeds of any exercise of the Option. 
 Any such suspension or escrow is subject to the following restrictions: 
 (a) It may last only until the earliest to occur of the following: 
 (i) resolution of the
criminal proceedings in a manner that results in a conviction (including a plea of guilty or of nolo contendere) of Optionee for, or any entry by Optionee into a pre-trial disposition with respect to, the commission of a felony that relates to or
arises out of Optionee’s employment or other service relationship with the Corporation; 

 (ii) resolution of the criminal proceedings in one of the following ways: (A) the charges as they
relate to such alleged felony have been dismissed (with or without prejudice); (B) Optionee has been acquitted of such alleged felony; or (C) a criminal proceeding relating to such alleged felony has been completed without resolution (for
example, as a result of a mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 
 (iii) Optionee’s death; 
 (iv) the occurrence of a Change of Control; or 
 (v) termination of the suspension or escrow in the discretion of the Committee; and 
 (b) It may be imposed only if the Committee makes reasonable provision for the retention or realization of the value of the Option to Optionee as if no suspension or escrow had been imposed upon any
termination of the suspension or escrow under clauses (a)(ii) or (v) above. 
 2.4 Nontransferability; Designation of Beneficiary;
Payment to Legal Representative. 
 (a) The Option is not transferable or assignable by Optionee. 
 (b) During Optionee’s lifetime, the Option may be exercised only by Optionee or, in the event of Optionee’s legal incapacity, by his or her legal
representative, as determined in good faith by PNC. 
 (c) During Optionee’s lifetime, Optionee may file with PNC, at such address and in
such manner as PNC may from time to time direct, on a form to be provided by PNC on request, a designation of a beneficiary or beneficiaries (a “properly designated beneficiary”) to hold and exercise Optionee’s stock options, to the
extent outstanding and exercisable, in accordance with their respective stock option agreements and the Plan in the event of Optionee’s death. 
 (d) If Optionee dies prior to the full exercise or expiration of the Option and has not filed a designation of beneficiary form as specified above, the Option will be held and may be exercised by the person or persons entitled to do so
under Optionee’s will or under the applicable laws of descent and distribution, as to which PNC will be entitled to rely in good faith on instructions from Optionee’s executor, administrator, or other legal representative. 
 (e) Any delivery of shares or other payment made or action taken hereunder by PNC in good faith to or on the instructions of Optionee’s executor,
administrator, or other legal representative shall extinguish all right to payment hereunder. 
 3. Capital Adjustments. Upon the
occurrence of a corporate transaction or transactions (including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC (each, a “Corporate
Transaction”)), the Committee shall make those adjustments, if any, in the number, class or kind of Covered Shares as to which the Option is outstanding and has not yet been exercised and in the Option Price that it deems appropriate in its
discretion to reflect the Corporate Transaction(s) such that the rights of Optionee are neither enlarged nor diminished as a result of such Corporate Transaction or Transactions, including without limitation cancellation of the Option immediately
prior to the effective time of the Corporate Transaction and payment, in cash, in consideration therefor, of an amount equal to the product of (a) the excess, if any, of the per share value of the consideration payable to a PNC common
shareholder in connection with such Corporate Transaction over the Option Price and (b) the total number of Covered Shares subject to the Option that were outstanding and unexercised immediately prior to the effective time of the Corporate
Transaction. 
  

 All determinations hereunder shall be made by the Committee in its sole discretion and shall be final,
binding and conclusive for all purposes on all parties, including without limitation the holder of the Option. 
 No fractional shares will be
issued on exercise of the Option. PNC shall determine the manner in which any fractional shares will be treated. 
 4. Exercise of
Option. 
 4.1 Notice and Effective Date. The Option, to the extent outstanding and exercisable, may be exercised, in whole or in
part, by delivering to PNC written notice of such exercise, in such form as PNC may from time to time prescribe, and by paying in full the aggregate Option Price with respect to that portion of the Option being exercised and satisfying any amounts
required to be withheld pursuant to applicable tax laws in connection with such exercise. 
 In addition, notwithstanding Sections 4.2 and 4.3,
Optionee may elect to complete his or her Option exercise through a brokerage service/margin account pursuant to the broker-assisted cashless option exercise procedure under Regulation T of the Board of Governors of the Federal Reserve System and in
such manner as may be permitted by PNC from time to time consistent with said Regulation T. 
 The effective date of such exercise will be the
Exercise Date. Until PNC notifies Optionee to the contrary, the form attached to the Agreement as Annex B shall be used to exercise the Option and the form attached to the Agreement as Annex C shall be used to make tax payment elections. 

In the event that the Option is exercised, pursuant to Section 2.4, by any person or persons other than Optionee, such notice of exercise must be
accompanied by appropriate proof of the derivative right of such person or persons to exercise the Option. 
 4.2 Payment of Option
Price. Upon exercise of the Option, in whole or in part, Optionee may pay the aggregate Option Price (a) in cash or (b) if and to the extent then permitted by PNC, using whole shares of PNC common stock (either by physical delivery to
PNC of certificates for the shares or through PNC’s share attestation procedure) having an aggregate Fair Market Value on the Exercise Date not exceeding that portion of the aggregate Option Price being paid using such shares, or through a
combination of cash and shares of PNC common stock; provided, however, that shares of PNC common stock used to pay all or any portion of the aggregate Option Price may not be subject to any contractual restriction, pledge or other encumbrance and
must be shares that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or, in either case,
for such other period as may be specified or permitted by PNC. 
 4.3 Payment of Taxes. Optionee may elect to satisfy any or all
applicable federal, state, or local tax liabilities incurred in connection with exercise of the Option (a) by payment of cash, (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to
time establish, through the retention by PNC of sufficient whole shares of PNC common stock otherwise issuable upon such exercise to satisfy the minimum amount of taxes required to be withheld in connection with such exercise, or (c) if and to
the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish, using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share
attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which
it has been at least six (6) months since the restrictions lapsed, or, in either case, for such other period as may be specified or permitted by PNC. 
 For purposes of this Section 4.3, shares of PNC common stock that are used to satisfy applicable taxes will be valued at their Fair Market Value on the date the tax withholding obligation arises. In
no event will the

 
Fair Market Value of the shares of PNC common stock otherwise issuable upon exercise of the Option but retained pursuant to Section 4.3(b) exceed the minimum amount of taxes required to be
withheld in connection with the Option exercise. 
 4.4 Effect. The exercise, in whole or in part, of the Option will cause a reduction
in the number of unexercised Covered Shares as to which the Option is outstanding equal to the number of shares of PNC common stock with respect to which the Option is exercised. 
 5. Restrictions on Exercise and on Shares Issued on Exercise. Notwithstanding any other provision of the Agreement, the Option may not be exercised at any time that PNC does not have in effect a
registration statement under the Securities Act of 1933 as amended relating to the offer of shares of PNC common stock under the Plan unless PNC agrees to permit such exercise. Upon the issuance of any shares of PNC common stock pursuant to exercise
of the Option at a time when such a registration statement is not in effect, Optionee will, upon the request of PNC, agree in writing that Optionee is acquiring such shares for investment only and not with a view to resale and that Optionee will not
sell, pledge, or otherwise dispose of such shares unless and until (a) PNC is furnished with an opinion of counsel to the effect that registration of such shares pursuant to the Securities Act of 1933 as amended is not required by that Act or
by rules and regulations promulgated thereunder, (b) the staff of the SEC has issued a no-action letter with respect to such disposition, or (c) such registration or notification as is, in the opinion of counsel for PNC, required for the
lawful disposition of such shares has been filed and has become effective; provided, however, that PNC is not obligated hereby to file any such registration or notification. PNC may place a legend embodying such restrictions on the certificate(s)
evidencing such shares. 
 6. Rights as Shareholder. Optionee will have no rights as a shareholder with respect to any Covered Shares
until the Exercise Date and then only with respect to those shares of PNC common stock issued upon such exercise of the Option and not retained by PNC as provided in Section 4.3. 
 7. Employment. Neither the granting of the Option evidenced by the Agreement nor any term or provision of the Agreement will constitute or be evidence of any understanding, expressed or implied, on
the part of PNC or any subsidiary to employ Optionee for any period. 
 8. Subject to the Plan. The Option evidenced by the Agreement and
the exercise thereof are subject to the terms and conditions of the Plan, which is incorporated by reference herein and made a part hereof, but the terms of the Plan will not be considered an enlargement of any benefits under the Agreement. In
addition, the Option is subject to any rules and regulations promulgated by or under the authority of the Committee. 
 9. Optionee
Covenants. 
 9.1 General. Optionee and PNC acknowledge and agree that Optionee has received adequate consideration with respect to
enforcement of the provisions of Sections 9 and 10 hereof by virtue of receiving this Option, which gives Optionee an opportunity potentially to benefit from an increase in the future value of PNC common stock (regardless of whether any such benefit
is ultimately realized); that such provisions are reasonable and properly required for the adequate protection of the business of PNC and its subsidiaries; and that enforcement of such provisions will not prevent Optionee from earning a living.

 9.2 Non-Solicitation; No-Hire. Optionee agrees to comply with the provisions of subsections (a) and (b) of this
Section 9.2 while employed by the Corporation and for a period of one year after Optionee’s Termination Date regardless of the reason for such termination of employment. 
 (a) Non-Solicitation. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its
subsidiaries, solicit, call on, do business with, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any Person that Optionee should reasonably know (i) is a customer of PNC or
any subsidiary for which PNC or any subsidiary provides any services as of the Termination Date, or (ii) was a

 
customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve (12) months preceding the Termination Date, or (iii) was, as of the
Termination Date, considering retention of PNC or any subsidiary to provide any services. 
 (b) No-Hire. Optionee shall not, directly or
indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, employ or offer to employ, call on, or actively interfere with PNC’s or any subsidiary’s
relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall Optionee assist any other Person in such activities. 
 Notwithstanding the above, if Optionee’s employment with the Corporation is terminated by the Corporation without Cause or by Optionee with Good Reason and such Termination Date occurs during a
Coverage Period or, if Optionee was a party to a Change of Control Employment Agreement that was in effect at the time of such termination of employment, within three years after the occurrence of a Change of Control, then commencing immediately
after such Termination Date, the provisions of subsections (a) and (b) of this Section 9.2 shall no longer apply and shall be replaced with the following subsection (c): 
 (c) No-Hire. Optionee agrees that Optionee shall not, for a period of one year after the Termination Date, employ or offer to employ, solicit, actively interfere with PNC’s or any PNC
affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 
 9.3 Confidentiality.
During Optionee’s employment with the Corporation, and thereafter regardless of the reason for termination of such employment, Optionee will not disclose or use in any way any confidential business or technical information or trade secret
acquired in the course of such employment, all of which is the exclusive and valuable property of the Corporation whether or not conceived of or prepared by Optionee, other than (a) information generally known in the Corporation’s industry
or acquired from public sources, (b) as required in the course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative agency or applicable law, or (d) with the prior written consent of
PNC. 
 9.4 Ownership of Inventions. Optionee shall promptly and fully disclose to PNC any and all inventions, discoveries, improvements,
ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Optionee during the term of Optionee’s employment with the Corporation, whether alone or with
others, and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time, material, facilities or other resources of PNC or any subsidiary
(“Developments”). Optionee agrees to assign and hereby does assign to PNC or its designee all of Optionee’s right, title and interest, including copyrights and patent rights, in and to all Developments. Optionee shall perform all
actions and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations of this Section 9.4 shall be performed by Optionee without
further compensation and shall continue beyond the Termination Date. 
 10. Enforcement Provisions. Optionee understands and agrees to
the following provisions regarding enforcement of the Agreement. 
 10.1 Governing Law and Jurisdiction. The Agreement is governed by and
construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the
federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Optionee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any
right to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 10.2 Equitable Remedies. A breach of the provisions of any of Sections 9.2, 9.3 or 9.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of immediate, as well as permanent,
injunctive relief restraining Optionee, and each and every person and entity acting in concert or participating with Optionee, from initiation and/or continuation of such breach. 

 10.3 Tolling Period. If it becomes necessary or desirable for the Corporation to seek compliance with
the provisions of Section 9.2 by legal proceedings, the period during which Optionee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive
or other relief. 
 10.4 No Waiver. Failure of PNC to demand strict compliance with any of the terms, covenants or conditions of the
Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of such term,
covenant or condition. 
 10.5 Severability. The restrictions and obligations imposed by Sections 9.2, 9.3 and 9.4 are separate and
severable, and it is the intent of Optionee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions, restrictions
and obligations shall remain valid and binding upon Optionee. 
 10.6 Reform. In the event any of Sections 9.2, 9.3 and 9.4 are
determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Optionee and PNC that said court reduce and reform the provisions
thereof so as to apply the greatest limitations considered enforceable by the court. 
 10.7 Waiver of Jury Trial. Each of Optionee and
PNC hereby waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 9.2, 9.3 and 9.4. 
 10.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law,
including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Optionee,
Optionee agrees to reimburse PNC for any amounts Optionee may be required to reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition
of the Agreement to the extent that doing so would require that Optionee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
 10.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Option and the Agreement comply with the
provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent. 
 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation under the provisions of
Section 409A, Optionee agrees that PNC may, without the consent of Optionee, modify the Agreement and the Option to the extent and in the manner PNC deems necessary or advisable or take such other action or actions, including an amendment or
action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide such payments or benefits
in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 11. Effective Date.
If Optionee does not accept the grant of the Option by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms of the Agreement in any way, within thirty (30) days of receipt by Optionee of a copy of the
Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Option and the Agreement at any time prior to Optionee’s delivery to PNC of a copy of the Agreement executed by Optionee. 

 Otherwise, upon execution and delivery of the Agreement by both PNC and Optionee, the Option and the
Agreement are effective as of the Grant Date. 
 IN WITNESS WHEREOF, PNC has caused the Agreement
to be signed on its behalf effective as of the Grant Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary

 Accepted and agreed to as of the Grant
Date 
  
  
 Optionee 
 Annex A - Certain Definitions 
 Annex B - Notice of Exercise 
 Annex C - Tax Payment
Election Form 
 ANNEX A 
 CERTAIN DEFINITIONS 
 *  *  * 
 A.1 “Agreement” means the Nonstatutory Stock Option Agreement between PNC and Optionee evidencing the grant of the Option to
Optionee pursuant to the Plan. 
 A.2 “Board” means the Board of Directors of PNC. 
 A.3 “Cause.” 
 (a) “Cause” during a Coverage Period. If the termination of Optionee’s employment with the Corporation occurs during a Coverage Period, then, for purposes of the Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by the Board or the CEO that specifically identifies the manner in which the Board or the CEO believes
that Optionee has not substantially performed Optionee’s duties; or 

 (ii) the willful engaging by Optionee in illegal conduct or gross misconduct that is
materially and demonstrably injurious to PNC or any of its subsidiaries. 
 For purposes of the preceding clauses (i) and
(ii), no act or failure to act, on the part of Optionee, shall be considered willful unless it is done, or omitted to be done, by Optionee in bad faith and without reasonable belief that Optionee’s action or omission was in the best interests
of the Corporation. Any act, or failure to act, based upon the instructions or prior approval of the Board, the CEO or Optionee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or
omitted to be done, by Optionee in good faith and in the best interests of the Corporation. 
 The cessation of employment of
Optionee will be deemed to be a termination of Optionee’s employment with the Corporation for Cause for purposes of the Agreement only if and when there shall have been delivered to Optionee, as part of the notice of Optionee’s
termination, a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of
clear and convincing evidence that, in the good faith opinion of the Board, Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be
adopted only after (1) reasonable notice of such Board meeting is provided to Optionee, together with written notice that PNC believes that Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case,
specifying the particulars thereof in detail, and (2) Optionee is given an opportunity, together with counsel, to be heard before the Board. 
 (b) “Cause” other than during a Coverage Period. If the termination of Optionee’s employment with the Corporation occurs other than during a Coverage Period, then, for purposes of
the Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform
Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by PNC that specifically identifies
the manner in which it is believed that Optionee has not substantially performed Optionee’s duties; 
 (ii) a material
breach by Optionee of (1) any code of conduct of PNC or one of its subsidiaries or (2) other written policy of PNC or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (iii) any act of fraud, misappropriation, material dishonesty, or embezzlement by Optionee against PNC or one of its subsidiaries or any
client or customer of PNC or a subsidiary; 
 (iv) any conviction (including a plea of guilty or of nolo contendere) of Optionee
for, or entry by Optionee into a pre-trial disposition with respect to, the commission of a felony; or 
 (v) entry of any order
against Optionee, by any governmental body having regulatory authority with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Optionee’s employment or other service relationship with the Corporation.

 The cessation of employment of Optionee will be deemed to have been a termination of Optionee’s employment with the
Corporation for Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Optionee is the CEO, the Board) determines that Optionee is guilty of conduct described in clause (i), (ii) or (iii) above or that
an event described in clause (iv) or (v) above has occurred with respect to Optionee and, if so, determines that the termination of Optionee’s employment with the Corporation will be deemed to have been for Cause. 

 A.4 “CEO” means the chief executive officer of PNC. 
 A.5 “Change of Control” means: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the
combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.5(a), the
following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or
any company controlled by, controlling or under common control with PNC (an “Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.5(c)) or (5) an acquisition of beneficial
ownership representing between 20% and 40%, inclusive, of the Outstanding PNC Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition
approves such acquisition either prior to or immediately after its occurrence; 
 (b) Individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was
a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) Consummation of
a reorganization, merger, statutory share exchange or consolidation or similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock
of another entity by PNC or any of its subsidiaries (each, a “Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of
the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate
entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the
entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded
Combination”); or 
 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC. 
 A.6 “Change of Control Employment Agreement” means the written agreement, if any, between Optionee and PNC providing, among other
things, for certain payments and benefits upon a qualifying termination of employment following a change of control. 

 A.7 “Change of Control Failure” means the following: 
 (a) with respect to a Change of Control Triggering Event described in Section A.8(a), PNC’s shareholders vote against the transaction
approved by the Board or the agreement to consummate the transaction is terminated; or 
 (b) with respect to a Change of Control
Triggering Event described in Section A.8(b), the proxy contest fails to replace or remove a majority of the members of the Board. 
 A.8 “Change of Control Triggering Event” means the occurrence of either of the following: 
 (a) the Board or
PNC’s shareholders approve a transaction described in Subsection (c) of the definition of Change of Control contained in Section A.5; or 
 (b) the commencement of a proxy contest in which any Person seeks to replace or remove a majority of the members of the Board. 
 A.9 “Committee” means the Personnel and Compensation Committee of the Board or such person or persons as may be designated or appointed by that committee as its delegate or designee. 

A.10 “Competitive Activity” means, for purposes of the Agreement, any participation in, employment by, ownership of any equity
interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (1) engaged in business activities similar to some or all of the business activities of PNC or any subsidiary as
of Optionee’s Termination Date or (2) engaged in business activities that Optionee knows PNC or any subsidiary intends to enter within the first twelve (12) months after Optionee’s Termination Date or, if later and if applicable,
after the date specified in clause (ii) of Section A.15(a), in either case whether Optionee is acting as agent, consultant, independent contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other
individual or representative capacity therein. 
 A.11 “Consolidated Subsidiary” means a corporation, bank,
partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting principles and (2) satisfies the definition of “service
recipient” under Section 409A of the Internal Revenue Code. 
 A.12 “Corporation” means PNC and its
Consolidated Subsidiaries. 
 A.13 “Coverage Period” means a period (a) commencing on the earlier to occur of
(i) the date of a Change of Control Triggering Event and (ii) the date of a Change of Control and (b) ending on the date that is two (2) years after the date of the Change of Control; provided, however, that in the event that a
Coverage Period commences on the date of a Change of Control Triggering Event, such Coverage Period will terminate upon the earlier to occur of (x) the date of a Change of Control Failure and (y) the date that is two (2) years after
the date of the Change of Control triggered by the Change of Control Triggering Event. After the termination of any Coverage Period, another Coverage Period will commence upon the earlier to occur of clauses (a)(i) and (a)(ii) in the preceding
sentence. 
 A.14 “Covered Shares” means the number of shares of PNC common stock that Optionee has the option to
purchase from PNC pursuant to the Option. 
 A.15 “Detrimental Conduct” means, for purposes of the Agreement:

 (a) Optionee has engaged, without the prior written consent of PNC (with consent to be given at PNC’s sole discretion),
in any Competitive Activity in the continental United States at any time

 
during the period commencing on Optionee’s Termination Date and extending through (and including) the first (1st) anniversary of the later of (i) Optionee’s Termination Date and, if different, (ii) the first
date after Optionee’s Termination Date as of which Optionee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Optionee against PNC or one of its subsidiaries or any client or customer of PNC or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or any entry by Optionee into a pre-trial disposition
with respect to, the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 Optionee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the Committee (if Optionee was an “executive officer” of PNC as defined in SEC
Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO or his or her designee (if Optionee was not such an executive officer), whichever is applicable, determines that Optionee has engaged in conduct described in
clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Optionee, and, if so, determines that Optionee will be deemed to have engaged in Detrimental Conduct. 
 A.16 “Disabled” or “Disability” means, except as may otherwise be required by Section 409A of the Internal Revenue
Code, that Optionee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous
period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months,
receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Optionee has been determined to be eligible for Social Security disability benefits, Optionee shall be
presumed to be Disabled as defined herein. 
 A.17 “Exercise Date” means the date (which must be a business day for PNC
Bank, National Association) on which PNC receives written notice, in such form as PNC may from time to time prescribe, of the exercise, in whole or in part, of the Option pursuant to the terms of the Agreement, subject to receipt by PNC of full
payment of the aggregate Option Price, calculation by PNC of the applicable withholding taxes, and receipt by PNC of payment for any taxes required to be withheld in connection with such exercise as provided in Sections 4.1, 4.2 and 4.3 of the
Agreement. 
 A.18 “Expiration Date.” 
 (a) Expiration Date. Expiration Date means the date on which the Option expires, which will be the tenth
(10th) anniversary of the Grant Date unless the
Option expires earlier pursuant to any of the provisions set forth in Sections A.18(b) through A.18(d) (with the Option expiring on the first date determined under any of such sections); 
 provided, however, if there is a Change of Control, then notwithstanding Sections A.18(c) and A.18(d), to the extent that
the Option is outstanding and exercisable or becomes exercisable at the time the Change of Control occurs, the Option will not expire at the earliest before the close of business on the ninetieth (90th) day after the occurrence of the Change of Control (or the tenth (10th) anniversary of the Grant Date if earlier), provided that
either (1) Optionee is an employee of the Corporation at the time the Change of Control occurs and Optionee’s employment with the Corporation is not terminated for Cause or (2) Optionee is a former employee of the Corporation whose
Option, or portion thereof, is outstanding at the time the Change of Control occurs by virtue of the application of one or more of the exceptions set forth in Section A.18(c) and at least one of such exceptions is still applicable at the time the
Change of Control occurs. 

 In no event will the Option remain outstanding beyond the tenth
(10th) anniversary of the Grant Date. 
 (b) Termination for Cause. Upon a termination of Optionee’s employment with the Corporation for Cause, unless the Committee
determines otherwise, the Option will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not the Option has become exercisable and whether or not Optionee is eligible to Retire or
Optionee’s employment also terminates for another reason. 
 (c) Ceasing to be an Employee other than by Termination for
Cause. If Optionee ceases to be an employee of the Corporation other than by termination of Optionee’s employment for Cause, then unless the Committee determines otherwise, the Option will expire at the close of business on Optionee’s
Termination Date with respect to all Covered Shares, whether or not the Option has become exercisable, except to the extent that the provisions set forth in subsection (1), (2), (3), (4) or (5) of this Section A.18(c) apply to
Optionee’s circumstances and such applicable subsection specifies a later expiration date for all or a portion of the Option. If more than one of such exceptions is applicable to the Option or a portion thereof, then the Option or such portion
of the Option will expire in accordance with the provisions of the subsection that specifies the latest expiration date. 
 (1) Retirement. If the termination of Optionee’s employment with the Corporation meets the definition of Retirement, then the Option will expire on the tenth (10th) anniversary of the Grant Date with respect to any Covered
Shares as to which the Option is exercisable on the Retirement date or thereafter becomes exercisable pursuant to Section 2.2 of the Agreement. 
 (2) Death. If Optionee’s employment with the Corporation is terminated by reason of Optionee’s death, then the Option will expire on the tenth (10th) anniversary of the Grant Date. 
 (3) Termination during a Coverage Period without Cause or with Good Reason. If Optionee’s employment with the
Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later
than on the tenth (10th) anniversary of the Grant
Date). 
 (4) Disability. If Optionee’s employment is terminated by the Corporation by reason of
Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date). 
 (5) Displacement
Benefits Plan or Agreement or Arrangement in lieu of or in addition to Displacement Benefits Plan. In the event that (a) Optionee’s employment with the Corporation is terminated by the Corporation, and Optionee is offered and has
entered into the standard Waiver and Release Agreement with PNC or one of its subsidiaries under an applicable PNC or subsidiary Displacement Benefits Plan, or any successor plan by whatever name known (“Displacement Benefits Plan”), or
Optionee is offered and has entered into a similar waiver and release agreement between PNC or one of its subsidiaries and Optionee pursuant to the terms of an agreement or arrangement entered into by PNC or a subsidiary and Optionee in lieu of or
in addition to the Displacement Benefits Plan, and (b) Optionee has not revoked such waiver and release agreement, and (c) the time for revocation of such waiver and release agreement by Optionee has lapsed, then the Option will expire at
the close of business on the ninetieth (90th) day
after Optionee’s Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date) with respect to any Covered Shares as to which the Option has already become exercisable; provided, however, that if Optionee returns to employment with the
Corporation no later than said ninetieth (90th) day,
then for purposes of the Agreement, the entire Option, whether or not it has become exercisable, will be treated as if the termination of Optionee’s employment with the Corporation had not occurred. 

 If the Option (or portion thereof) has become exercisable while Optionee
was still an employee of the Corporation but will expire on Optionee’s Termination Date unless the conditions set forth in this Section A.18(c)(5) are met, then such Option or portion thereof will not terminate on the Termination Date, but
Optionee will not be able to exercise the Option after such Termination Date unless and until all of the conditions set forth in this Section A.18(c)(5) have been met and the Option will terminate on the ninetieth (90th) day after Optionee’s Termination Date (but in no event
later than on the tenth (10th) anniversary of the
Grant Date). 
 (d) Detrimental Conduct. If the Option would otherwise remain outstanding after Optionee’s
Termination Date with respect to any of the Covered Shares pursuant to one or more of the exceptions set forth in the subsections of Section A.18(c), then notwithstanding the provisions of such exception or exceptions, the Option will expire on the
date that PNC determines that Optionee has engaged in Detrimental Conduct, if earlier than the date on which the Option would otherwise expire; provided, however, that: 
 (1) no determination that Optionee has engaged in Detrimental Conduct may be made on or after the date of Optionee’s death, and Detrimental Conduct will not apply to conduct by or activities of
beneficiaries or other successors to the Option in the event of Optionee’s death; 
 (2) in the event that Optionee’s
employment with the Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, no determination that Optionee has engaged in Detrimental
Conduct for purposes of the Agreement may be made on or after such Termination Date; and 
 (3) no determination that Optionee
has engaged in Detrimental Conduct may be made after the occurrence of a Change of Control. 
 A.19 “Fair Market Value”
as it relates to a share of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on
such date, or, if no PNC common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.20 “GAAP” or “generally accepted accounting principles” means accounting principles generally accepted in the United
States of America. 
 A.21 “Good Reason” means: 
 (a) (i) the assignment to Optionee of any duties inconsistent in any respect with, or any other diminution in, Optionee’s position
(including status, offices, titles and reporting requirements), authority, duties or responsibilities such that Optionee’s position, authority, duties or responsibilities are not at least commensurate in all material respects with the most
significant of those held, exercised and assigned to Optionee at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event,
(ii) the assignment to Optionee of any duties inconsistent in any material respect with, or any other material diminution in, Optionee’s position (including status, offices, titles and reporting requirements), authority, duties or
responsibilities immediately prior to the Change of Control Triggering Event, excluding in either case for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Corporation promptly after
receipt of notice thereof given by Optionee; 

 (b) a reduction by the Corporation in Optionee’s annual base salary to an annual rate
(i) that is less than 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to Optionee by the Corporation in respect of the 12-month period immediately preceding the month in
which the Change of Control occurs or, if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) that is less than 12 times the monthly base salary paid or payable, including any base salary that
has been earned but deferred, to Optionee by the Corporation in respect of the month immediately preceding the month in which the Change of Control Triggering Event occurs; 
 (c) the Corporation’s requiring Optionee to be based at any office or location that is more than fifty (50) miles from
Optionee’s office or location immediately prior to either the Change of Control Triggering Event or the Change of Control; 
 (d) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure by the Corporation to continue
Optionee’s participation in annual bonus, long-term cash incentive, equity incentive, savings and retirement plans, practices, policies and programs that provide Optionee with annual bonus opportunities, long-term incentive opportunities
(measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, no less favorable, in the aggregate,
than the most favorable of those provided by the Corporation for Optionee under such plans, practices, policies and programs as in effect (i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of
Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control Triggering Event; or 
 (e) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure
by the Corporation to continue to provide Optionee with benefits under welfare benefit plans, practices, policies and programs provided by the Corporation (including, without limitation, medical, prescription, dental, vision, disability, employee
life, group life, accidental death and travel accident insurance plans and programs) no less favorable, in the aggregate, than those provided to Optionee under the most favorable of such plans, practices, policies and programs in effect for Optionee
(i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control
Triggering Event. 
 A.22 “Grant Date” means the date set forth as the Grant Date on page 1 of the Agreement and is the
date as of which the Option is authorized to be granted by the Committee in accordance with the Plan. 
 A.23 “Internal
Revenue Code” means the Internal Revenue Code of 1986 as amended, and the rules and regulations promulgated thereunder. 
 A.24 “Option” means the option to purchase shares of PNC common stock granted to Optionee under the Plan in Section 1 of the Agreement in accordance with the terms of Article 6 of the Plan. 
 A.25 “Option Period” means the period during which the Option may be exercised, as set forth in Section 2.2 of the Agreement.

 A.26 “Option Price” means the dollar amount per share of PNC common stock at which the Option may be exercised. The
Option Price is set forth on page 1 of the Agreement. 

 A.27 “Optionee” means the person to whom the Option is granted and is identified
as Optionee on page 1 of the Agreement. 
 A.28 “Plan” means The PNC Financial Services Group, Inc. 2006 Incentive
Award Plan. 
 A.29 “PNC” means The PNC Financial Services Group, Inc. 
 A.30 “Retire” or “Retirement” means, for purposes of this Option and all PNC stock options held by Optionee, whether
granted under the Plan or under an earlier PNC plan, termination of Optionee’s employment with the Corporation at any time and for any reason (other than termination by reason of Optionee’s death or by the Corporation for Cause and, if the
Committee or the CEO or his or her designee so determines prior to such divestiture, other than by reason of termination in connection with a divestiture of assets or a divestiture of one or more subsidiaries of the Corporation) on or after the
first date on which Optionee has both attained at least age fifty-five (55) and completed five (5) years of service, where a year of service is determined in the same manner as the determination of a year of vesting service calculated
under the provisions of The PNC Financial Services Group, Inc. Pension Plan. 
 A.31 “Retiree” means an Optionee who
has Retired. 
 A.32 “SEC” means the U.S. Securities and Exchange Commission. 
 A.33 “Service relationship” or “having a service relationship with the Corporation” means being engaged by the
Corporation in any capacity for which Optionee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory director. 

A.34 “Share” means a share of authorized but unissued PNC common stock or a reacquired share of PNC common stock, including
shares purchased by PNC on the open market for purposes of the Plan or otherwise. 
 A.35 “Termination Date” means
Optionee’s last date of employment with the Corporation. If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles
and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 NONSTATUTORY STOCK OPTION AGREEMENT 
  

			
	OPTIONEE:	 	«First  Name  MI» «Last  Name»
		
	GRANT DATE:	 	            , 20    
		
	OPTION PRICE:	 	$             per share
		
	COVERED SHARES:	 	«Shares»

 1. Definitions; Grant of Option. Certain terms used in this Nonstatutory Stock Option Agreement (the
“Agreement”) are defined in Annex A hereto (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context otherwise indicates. 
 Pursuant to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (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. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and “Corporation” means PNC and its Consolidated Subsidiaries. Headings used in the Agreement are for convenience
only and are not part of the Agreement. 
 2. Terms of the Option. 
 2.1 Type of Option. The Option is intended to be a Nonstatutory Stock Option. 
 2.2
Option Period. Except as otherwise set forth in Section 2.3, the Option is exercisable in whole or in part as to any Covered Shares as to which it is outstanding and has become exercisable at any time and from time to time through the
Expiration Date as defined in Section A.18 of Annex A hereto, including and subject to the early termination provisions set forth in said definition. 
 To the extent that the Option is then outstanding and the Expiration Date has not yet occurred, the Option will become exercisable as to Covered Shares as set forth in this Section 2.2. 
 (b) Unless the Option has previously become exercisable pursuant to another subsection of this Section 2.2, the Option will become
exercisable commencing on the third (3rd) anniversary
date of the Grant Date, provided that Optionee is still an employee of the Corporation on such anniversary date. 
 (b) If Optionee’s
employment is terminated by the Corporation by reason of Disability and not for Cause, the Option will become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable commencing on Optionee’s
Termination Date. 
 (c) If Optionee’s employment with the Corporation is terminated by reason of Optionee’s death, the Option will
immediately become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable, and the Option may be exercised by Optionee’s properly designated beneficiary, by the person or persons entitled to do so
under Optionee’s will, or by the person or persons entitled to do so under the applicable laws of descent and distribution. 
 (e) If,
after the occurrence of a Change of Control Triggering Event but prior to the occurrence of a Change of Control Failure or of the Change of Control triggered by the Change of Control Triggering Event, Optionee’s employment with the Corporation
is terminated by the Corporation without Cause or by Optionee with Good Reason, the Option will become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable commencing on Optionee’s Termination
Date. 
 (e) Notwithstanding any other provision of this Section 2.2, to the extent that the Option is outstanding but has not yet become
exercisable at the time a Change of Control occurs, the Option will become exercisable as to all then outstanding Covered Shares as to which it has not otherwise become exercisable, effective as of the day immediately prior to the occurrence of the
Change of Control, provided that, at the time the Change of Control occurs, Optionee is an employee of the Corporation. 
 (f) The Committee or
its delegate may in their sole discretion, but need not, accelerate the date as of which all or any portion of the Option first becomes exercisable, subject, if applicable, to such limitations as may be set forth in the Plan. 
 If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally
accepted accounting principles and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs.

 2.3 Judicial Criminal Proceedings. If any criminal charges are brought against Optionee, in an
indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation, then to the
extent that the Option is then outstanding and exercisable or would otherwise become exercisable, the Committee may determine to suspend the exercisability of the Option or to require the escrow of the proceeds of any exercise of the Option.

 Any such suspension or escrow is subject to the following restrictions: 
 (a) It may last only until the earliest to occur of the following: 
 (i) resolution of the
criminal proceedings in a manner that results in a conviction (including a plea of guilty or of nolo contendere) of Optionee for, or any entry by Optionee into a pre-trial disposition with respect to, the commission of a felony that relates to or
arises out of Optionee’s employment or other service relationship with the Corporation; 
 (ii) resolution of the criminal proceedings in
one of the following ways: (A) the charges as they relate to such alleged felony have been dismissed (with or without prejudice); (B) Optionee has been acquitted of such alleged felony; or (C) a criminal proceeding relating to such
alleged felony has been completed without resolution (for example, as a result of a mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 

(iii) Optionee’s death; 
 (iv) the
occurrence of a change of control; or 
 (v) termination of the suspension or escrow in the discretion of the Committee; and 
 (b) It may be imposed only if the Committee makes reasonable provision for the retention or realization of the value of the Option to Optionee as if no
suspension or escrow had been imposed upon any termination of the suspension or escrow under clauses (a)(ii) or (v) above. 
 2.4
Nontransferability; Designation of Beneficiary; Payment to Legal Representative. 
 (a) The Option is not transferable or assignable by
Optionee. 
 (b) During Optionee’s lifetime, the Option may be exercised only by Optionee or, in the event of Optionee’s legal
incapacity, by his or her legal representative, as determined in good faith by PNC. 
 (c) During Optionee’s lifetime, Optionee may file
with PNC, at such address and in such manner as PNC may from time to time direct, on a form to be provided by PNC on request, a designation of a beneficiary or beneficiaries (a “properly designated beneficiary”) to hold and exercise
Optionee’s stock options, to the extent outstanding and exercisable, in accordance with their respective stock option agreements and the Plan in the event of Optionee’s death. 
 (d) If Optionee dies prior to the full exercise or expiration of the Option and has not filed a designation of beneficiary form as specified above, the Option will be held and may be exercised by the
person or persons entitled to do so under Optionee’s will or under the applicable laws of descent and distribution, as to which PNC will be entitled to rely in good faith on instructions from Optionee’s executor, administrator, or other
legal representative. 

 (e) Any delivery of shares or other payment made or action taken hereunder by PNC in good faith to or on the
instructions of Optionee’s executor, administrator, or other legal representative shall extinguish all right to payment hereunder. 
 3.
Capital Adjustments. Upon the occurrence of a corporate transaction or transactions (including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by
PNC (each, a “Corporate Transaction”)), the Committee shall make those adjustments, if any, in the number, class or kind of Covered Shares as to which the Option is outstanding and has not yet been exercised and in the Option Price that it
deems appropriate in its discretion to reflect the Corporate Transaction(s) such that the rights of Optionee are neither enlarged nor diminished as a result of such Corporate Transaction or Transactions, including without limitation cancellation of
the Option immediately prior to the effective time of the Corporate Transaction and payment, in cash, in consideration therefor, of an amount equal to the product of (a) the excess, if any, of the per share value of the consideration payable to
a PNC common shareholder in connection with such Corporate Transaction over the Option Price and (b) the total number of Covered Shares subject to the Option that were outstanding and unexercised immediately prior to the effective time of the
Corporate Transaction. 
 All determinations hereunder shall be made by the Committee in its sole discretion and shall be final, binding and
conclusive for all purposes on all parties, including without limitation the holder of the Option. 
 No fractional shares will be issued on
exercise of the Option. PNC shall determine the manner in which any fractional shares will be treated. 
 4. Exercise of Option.

 4.1 Notice and Effective Date. The Option, to the extent outstanding and exercisable, may be exercised, in whole or in part, by
delivering to PNC written notice of such exercise, in such form as PNC may from time to time prescribe, and by paying in full the aggregate Option Price with respect to that portion of the Option being exercised and satisfying any amounts required
to be withheld pursuant to applicable tax laws in connection with such exercise. 
 In addition, notwithstanding Sections 4.2 and 4.3, Optionee
may elect to complete his or her Option exercise through a brokerage service/margin account pursuant to the broker-assisted cashless option exercise procedure under Regulation T of the Board of Governors of the Federal Reserve System and in such
manner as may be permitted by PNC from time to time consistent with said Regulation T. 
 The effective date of such exercise will be the
Exercise Date. Until PNC notifies Optionee to the contrary, the form attached to the Agreement as Annex B shall be used to exercise the Option and the form attached to the Agreement as Annex C shall be used to make tax payment elections. 

In the event that the Option is exercised, pursuant to Section 2.4, by any person or persons other than Optionee, such notice of exercise must be
accompanied by appropriate proof of the derivative right of such person or persons to exercise the Option. 
 4.2 Payment of Option
Price. Upon exercise of the Option, in whole or in part, Optionee may pay the aggregate Option Price (a) in cash or (b) if and to the extent then permitted by PNC, using whole shares of PNC common stock (either by physical delivery to
PNC of certificates for the shares or through PNC’s share attestation procedure) having an aggregate Fair Market Value on the Exercise Date not exceeding that portion of the aggregate Option Price being paid using such shares, or through a
combination of cash and shares of PNC common stock; provided, however, that shares of PNC common stock used to pay all or any portion of the aggregate Option Price may not be subject to any contractual restriction, pledge or other encumbrance and
must be shares that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or, in either case,
for such other period as may be specified or permitted by PNC. 

 4.3 Payment of Taxes. Optionee may elect to satisfy any or all applicable federal, state, or local
tax liabilities incurred in connection with exercise of the Option (a) by payment of cash, (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish, through the
retention by PNC of sufficient whole shares of PNC common stock otherwise issuable upon such exercise to satisfy the minimum amount of taxes required to be withheld in connection with such exercise, or (c) if and to the extent then permitted by
PNC and subject to such terms and conditions as PNC may from time to time establish, using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share attestation procedure) that
are not subject to any contractual restriction, pledge or other encumbrance and that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six
(6) months since the restrictions lapsed, or, in either case, for such other period as may be specified or permitted by PNC. 
 For
purposes of this Section 4.3, shares of PNC common stock that are used to satisfy applicable taxes will be valued at their Fair Market Value on the date the tax withholding obligation arises. In no event will the Fair Market Value of the shares
of PNC common stock otherwise issuable upon exercise of the Option but retained pursuant to Section 4.3(b) exceed the minimum amount of taxes required to be withheld in connection with the Option exercise. 
 4.4 Effect. The exercise, in whole or in part, of the Option will cause a reduction in the number of unexercised Covered Shares as to which the
Option is outstanding equal to the number of shares of PNC common stock with respect to which the Option is exercised. 
 5. Restrictions on
Exercise and on Shares Issued on Exercise. Notwithstanding any other provision of the Agreement, the Option may not be exercised at any time that PNC does not have in effect a registration statement under the Securities Act of 1933 as amended
relating to the offer of shares of PNC common stock under the Plan unless PNC agrees to permit such exercise. Upon the issuance of any shares of PNC common stock pursuant to exercise of the Option at a time when such a registration statement is not
in effect, Optionee will, upon the request of PNC, agree in writing that Optionee is acquiring such shares for investment only and not with a view to resale and that Optionee will not sell, pledge, or otherwise dispose of such shares unless and
until (a) PNC is furnished with an opinion of counsel to the effect that registration of such shares pursuant to the Securities Act of 1933 as amended is not required by that Act or by rules and regulations promulgated thereunder, (b) the
staff of the SEC has issued a no-action letter with respect to such disposition, or (c) such registration or notification as is, in the opinion of counsel for PNC, required for the lawful disposition of such shares has been filed and has become
effective; provided, however, that PNC is not obligated hereby to file any such registration or notification. PNC may place a legend embodying such restrictions on the certificate(s) evidencing such shares. 
 6. Rights as Shareholder. Optionee will have no rights as a shareholder with respect to any Covered Shares until the Exercise Date and then only with
respect to those shares of PNC common stock issued upon such exercise of the Option and not retained by PNC as provided in Section 4.3. 
 7. Employment. Neither the granting of the Option evidenced by the Agreement nor any term or provision of the Agreement will constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary
to employ Optionee for any period. 
 8. Subject to the Plan. The Option evidenced by the Agreement and the exercise thereof are subject
to the terms and conditions of the Plan, which is incorporated by reference herein and made a part hereof, but the terms of the Plan will not be considered an enlargement of any benefits under the Agreement. In addition, the Option is subject to any
rules and regulations promulgated by or under the authority of the Committee. 
 9. Optionee Covenants. 
 9.1 General. Optionee and PNC acknowledge and agree that Optionee has received adequate consideration with respect to enforcement of the provisions
of Sections 9 and 10 hereof by virtue of

 
receiving this Option, which gives Optionee an opportunity potentially to benefit from an increase in the future value of PNC common stock (regardless of whether any such benefit is ultimately
realized); that such provisions are reasonable and properly required for the adequate protection of the business of PNC and its subsidiaries; and that enforcement of such provisions will not prevent Optionee from earning a living. 
 9.2 Non-Solicitation; No-Hire. Optionee agrees to comply with the provisions of subsections (a) and (b) of this Section 9.2 while
employed by the Corporation and for a period of one year after Optionee’s Termination Date regardless of the reason for such termination of employment. 
 (b) Non-Solicitation. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its
subsidiaries, solicit, call on, do business with, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any Person that Optionee should reasonably know (i) is a customer of PNC or
any subsidiary for which PNC or any subsidiary provides any services as of the Termination Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve
(12) months preceding the Termination Date, or (iii) was, as of the Termination Date, considering retention of PNC or any subsidiary to provide any services. 
 (b) No-Hire. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries,
employ or offer to employ, call on, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall Optionee assist any other Person in
such activities. 
 Notwithstanding the above, if Optionee’s employment with the Corporation is terminated by the Corporation without Cause
or by Optionee with Good Reason and such Termination Date occurs during a Coverage Period or, if Optionee was a party to a Change of Control Employment Agreement that was in effect at the time of such termination of employment, within three years
after the occurrence of a Change of Control, then commencing immediately after such Termination Date, the provisions of subsections (a) and (b) of this Section 9.2 shall no longer apply and shall be replaced with the following
subsection (c): 
 (c) No-Hire. Optionee agrees that Optionee shall not, for a period of one year after the Termination Date, employ or
offer to employ, solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 
 9.3 Confidentiality. During Optionee’s employment with the Corporation, and thereafter regardless of the reason for termination of such employment, Optionee will not disclose or use in any way
any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the exclusive and valuable property of the Corporation whether or not conceived of or prepared by Optionee, other than
(a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative
agency or applicable law, or (d) with the prior written consent of PNC. 
 9.4 Ownership of Inventions. Optionee shall promptly and
fully disclose to PNC any and all inventions, discoveries, improvements, ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Optionee during the term of
Optionee’s employment with the Corporation, whether alone or with others, and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time,
material, facilities or other resources of PNC or any subsidiary (“Developments”). Optionee agrees to assign and hereby does assign to PNC or its designee all of Optionee’s right, title and interest, including copyrights and patent
rights, in and to all Developments. Optionee shall perform all actions and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations
of this Section 9.4 shall be performed by Optionee without further compensation and shall continue beyond the Termination Date. 

 10. Enforcement Provisions. Optionee understands and agrees to the following provisions regarding
enforcement of the Agreement. 
 10.1 Governing Law and Jurisdiction. The Agreement is governed by and construed under the laws of the
Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District
of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Optionee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right to challenge jurisdiction or venue in
such courts with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 10.2 Equitable Remedies. A
breach of the provisions of any of Sections 9.2, 9.3 or 9.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of immediate, as well as permanent, injunctive relief restraining Optionee, and each
and every person and entity acting in concert or participating with Optionee, from initiation and/or continuation of such breach. 
 10.3
Tolling Period. If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 9.2 by legal proceedings, the period during which Optionee shall comply with said provisions will extend for a
period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief. 
 10.4 No
Waiver. Failure of PNC to demand strict compliance with any of the terms, covenants or conditions of the Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any such term,
covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of such term, covenant or condition. 
 10.5
Severability. The restrictions and obligations imposed by Sections 9.2, 9.3 and 9.4 are separate and severable, and it is the intent of Optionee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a
court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions, restrictions and obligations shall remain valid and binding upon Optionee. 
 10.6 Reform. In the event any of Sections 9.2, 9.3 and 9.4 are determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which
said restriction applies, it is the intent of Optionee and PNC that said court reduce and reform the provisions thereof so as to apply the greatest limitations considered enforceable by the court. 
 10.7 Waiver of Jury Trial. Each of Optionee and PNC hereby waives any right to trial by jury with regard to any suit, action or proceeding under or
in connection with any of Sections 9.2, 9.3 and 9.4. 
 10.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be
required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies
having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Optionee, Optionee agrees to reimburse PNC for any amounts Optionee may be required to reimburse PNC or its subsidiaries pursuant to
Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition of the Agreement to the extent that doing so would require that Optionee reimburse PNC or its subsidiaries for such amounts
pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
 10.9. Compliance with Internal Revenue Code Section 409A. It is
the intention of the parties that the Option and the Agreement comply with the provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be
administered by PNC in a manner consistent with this intent. 

 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation
subject to taxation under the provisions of Section 409A, Optionee agrees that PNC may, without the consent of Optionee, modify the Agreement and the Option to the extent and in the manner PNC deems necessary or advisable or take such other
action or actions, including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of
Section 409A or to provide such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 11. Effective Date. If Optionee does not accept the grant of the Option by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms of the Agreement in any
way, within thirty (30) days of receipt by Optionee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Option and the Agreement at any time prior to Optionee’s delivery to PNC of a copy of the
Agreement executed by Optionee. 
 Otherwise, upon execution and delivery of the Agreement by both PNC and Optionee, the Option and the
Agreement are effective as of the Grant Date. 
 IN WITNESS WHEREOF, PNC has caused the Agreement
to be signed on its behalf effective as of the Grant Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary

 Accepted and agreed to as of the Grant
Date 
  
  
 Optionee 
 Annex A - Certain Definitions 
 Annex B - Notice of Exercise 
 Annex C - Tax Payment
Election Form 
 ANNEX A 
 CERTAIN DEFINITIONS 
 *  *  * 
 A.1 “Agreement” means the Nonstatutory Stock Option Agreement between PNC and Optionee evidencing the grant of the Option to
Optionee pursuant to the Plan. 
 A.2 “Board” means the Board of Directors of PNC. 
 A.3 “Cause.” 

 (a) “Cause” during a Coverage Period. If the termination of Optionee’s
employment with the Corporation occurs during a Coverage Period, then, for purposes of the Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for
substantial performance is delivered to Optionee by the Board or the CEO that specifically identifies the manner in which the Board or the CEO believes that Optionee has not substantially performed Optionee’s duties; or 
 (ii) the willful engaging by Optionee in illegal conduct or gross misconduct that is materially and demonstrably injurious to PNC or any of
its subsidiaries. 
 For purposes of the preceding clauses (i) and (ii), no act or failure to act, on the part of Optionee,
shall be considered willful unless it is done, or omitted to be done, by Optionee in bad faith and without reasonable belief that Optionee’s action or omission was in the best interests of the Corporation. Any act, or failure to act, based upon
the instructions or prior approval of the Board, the CEO or Optionee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Optionee in good faith and in the best
interests of the Corporation. 
 The cessation of employment of Optionee will be deemed to be a termination of Optionee’s
employment with the Corporation for Cause for purposes of the Agreement only if and when there shall have been delivered to Optionee, as part of the notice of Optionee’s termination, a copy of a resolution duly adopted by the affirmative vote
of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the good faith opinion of the
Board, Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be adopted only after (1) reasonable notice of such Board meeting is
provided to Optionee, together with written notice that PNC believes that Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail, and (2) Optionee is given
an opportunity, together with counsel, to be heard before the Board. 
 (b) “Cause” other than during a Coverage
Period. If the termination of Optionee’s employment with the Corporation occurs other than during a Coverage Period, then, for purposes of the Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by PNC that specifically identifies the manner in which it is believed that Optionee has not
substantially performed Optionee’s duties; 
 (ii) a material breach by Optionee of (1) any code of conduct of PNC or
one of its subsidiaries or (2) other written policy of PNC or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (iii) any act of fraud, misappropriation, material dishonesty, or embezzlement by Optionee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (iv) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or entry by Optionee into a pre-trial disposition
with respect to, the commission of a felony; or 

 (v) entry of any order against Optionee, by any governmental body having regulatory
authority with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 The cessation of employment of Optionee will be deemed to have been a termination of Optionee’s employment with the Corporation for
Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Optionee is the CEO, the Board) determines that Optionee is guilty of conduct described in clause (i), (ii) or (iii) above or that an event
described in clause (iv) or (v) above has occurred with respect to Optionee and, if so, determines that the termination of Optionee’s employment with the Corporation will be deemed to have been for Cause. 
 A.4 “CEO” means the chief executive officer of PNC. 
 A.5 “Change of Control” means: 
 (a) Any individual, entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of PNC entitled to vote
generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.5(a), the following acquisitions shall not constitute a Change of Control: (1) any acquisition
directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or any company controlled by, controlling or under common control with PNC (an
“Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.5(c)) or (5) an acquisition of beneficial ownership representing between 20% and 40%, inclusive, of the Outstanding PNC
Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition approves such acquisition either prior to or immediately after its occurrence;

 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by
PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; 
 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock of another entity by PNC or any of its subsidiaries (each, a
“Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding PNC Common Stock and the Outstanding PNC Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of
the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including,
without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately
prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded Combination”); or 

 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC.

 A.6 “Change of Control Employment Agreement” means the written agreement, if any, between Optionee and PNC
providing, among other things, for certain payments and benefits upon a qualifying termination of employment following a change of control. 
 A.7 “Change of Control Failure” means the following: 
 (a) with respect
to a Change of Control Triggering Event described in Section A.8(a), PNC’s shareholders vote against the transaction approved by the Board or the agreement to consummate the transaction is terminated; or 
 (b) with respect to a Change of Control Triggering Event described in Section A.8(b), the proxy contest fails to replace or remove a majority
of the members of the Board. 
 A.8 “Change of Control Triggering Event” means the occurrence of either of the
following: 
 (a) the Board or PNC’s shareholders approve a transaction described in Subsection (c) of the definition
of Change of Control contained in Section A.5; or 
 (b) the commencement of a proxy contest in which any Person seeks to replace
or remove a majority of the members of the Board. 
 A.9 “Committee” means the Personnel and Compensation Committee of
the Board or such person or persons as may be designated or appointed by that committee as its delegate or designee. 
 A.10
“Competitive Activity” means, for purposes of the Agreement, any participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its
subsidiaries (1) engaged in business activities similar to some or all of the business activities of PNC or any subsidiary as of Optionee’s Termination Date or (2) engaged in business activities that Optionee knows PNC or any
subsidiary intends to enter within the first twelve (12) months after Optionee’s Termination Date or, if later and if applicable, after the date specified in clause (ii) of Section A.15(a), in either case whether Optionee is acting as
agent, consultant, independent contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.11 “Consolidated Subsidiary” means a corporation, bank, partnership, business trust, limited liability company or other form of
business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting principles and (2) satisfies the definition of “service recipient” under Section 409A of the Internal Revenue Code.

 A.12 “Corporation” means PNC and its Consolidated Subsidiaries. 
 A.13 “Coverage Period” means a period (a) commencing on the earlier to occur of (i) the date of a Change of Control
Triggering Event and (ii) the date of a Change of Control and (b) ending on the date that is two (2) years after the date of the Change of Control; provided, however, that in the event that a Coverage Period commences on the date of a
Change of Control Triggering Event, such Coverage Period will terminate upon the earlier to occur of (x) the date of a Change of Control Failure and (y) the date that is two (2) years after the date of the Change of Control triggered
by the Change of Control Triggering Event. After the termination of any Coverage Period, another Coverage Period will commence upon the earlier to occur of clauses (a)(i) and (a)(ii) in the preceding sentence. 

 A.14 “Covered Shares” means the number of shares of PNC common stock that Optionee
has the option to purchase from PNC pursuant to the Option. 
 A.15 “Detrimental Conduct” means, for purposes of the
Agreement: 
 (a) Optionee has engaged, without the prior written consent of PNC (with consent to be given at
PNC’s sole discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Optionee’s Termination Date and extending through (and including) the first (1st) anniversary of the later of (i) Optionee’s
Termination Date and, if different, (ii) the first date after Optionee’s Termination Date as of which Optionee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Optionee against PNC or one of its subsidiaries or any client or customer of PNC
or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or any
entry by Optionee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 Optionee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the Committee (if Optionee was
an “executive officer” of PNC as defined in SEC Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO or his or her designee (if Optionee was not such an executive officer), whichever is applicable,
determines that Optionee has engaged in conduct described in clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Optionee, and, if so, determines that Optionee will be deemed to
have engaged in Detrimental Conduct. 
 A.16 “Disabled” or “Disability” means, except as may otherwise be
required by Section 409A of the Internal Revenue Code, that Optionee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Optionee has been determined to be eligible for Social
Security disability benefits, Optionee shall be presumed to be Disabled as defined herein. 
 A.17 “Exercise Date”
means the date (which must be a business day for PNC Bank, National Association) on which PNC receives written notice, in such form as PNC may from time to time prescribe, of the exercise, in whole or in part, of the Option pursuant to the terms of
the Agreement, subject to receipt by PNC of full payment of the aggregate Option Price, calculation by PNC of the applicable withholding taxes, and receipt by PNC of payment for any taxes required to be withheld in connection with such exercise as
provided in Sections 4.1, 4.2 and 4.3 of the Agreement. 
 A.18 “Expiration Date.” 
 (a) Expiration Date. Expiration Date means the date on which the Option expires, which will be the tenth
(10th) anniversary of the Grant Date unless the
Option expires earlier pursuant to any of the provisions set forth in Sections A.18(b) through A.18(d) (with the Option expiring on the first date determined under any of such sections); 

 provided, however, if there is a Change of Control, then notwithstanding
Sections A.18(c) and A.18(d), to the extent that the Option is outstanding and exercisable or becomes exercisable at the time the Change of Control occurs, the Option will not expire at the earliest before the close of business on the ninetieth (90
th) day after the occurrence of the Change of Control
(or the tenth (10th) anniversary of the Grant Date if
earlier), provided that either (1) Optionee is an employee of the Corporation at the time the Change of Control occurs and Optionee’s employment with the Corporation is not terminated for Cause or (2) Optionee is a former employee of
the Corporation whose Option is outstanding at the time the Change of Control occurs by virtue of the application of one or more of the exceptions set forth in Section A.18(c) and at least one of such exceptions is still applicable at the time the
Change of Control occurs. 
 In no event will the Option remain outstanding beyond the tenth (10th) anniversary of the Grant Date. 
 (b) Termination for Cause. Upon a termination of Optionee’s employment with the Corporation for Cause, unless the Committee
determines otherwise, the Option will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not the Option has become exercisable and whether or not Optionee is eligible to Retire or
Optionee’s employment also terminates for another reason. 
 (c) Ceasing to be an Employee other than by Termination for
Cause. If Optionee ceases to be an employee of the Corporation other than by termination of Optionee’s employment for Cause, then unless the Committee determines otherwise, the Option will expire at the close of business on Optionee’s
Termination Date with respect to all Covered Shares, whether or not the Option has become exercisable, except to the extent that the provisions set forth in subsection (1), (2), (3), (4) or (5) of this Section A.18(c) apply to
Optionee’s circumstances and such applicable subsection specifies a later expiration date for the Option. If more than one of such exceptions is applicable to the Option, then the Option will expire in accordance with the provisions of the
subsection that specifies the latest expiration date. 
 (1) Retirement. If the termination of
Optionee’s employment with the Corporation meets the definition of Retirement and the Option became exercisable while Optionee was still an employee of the Corporation, then the Option will expire on the tenth (10th) anniversary of the Grant Date with respect to any Covered
Shares as to which the Option is exercisable on the Retirement date. 
 (2) Death. If Optionee’s
employment with the Corporation is terminated by reason of Optionee’s death, then the Option will expire on the tenth (10th) anniversary of the Grant Date. 
 (3) Termination during a Coverage Period without Cause or with Good Reason. If Optionee’s employment with the
Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later
than on the tenth (10th) anniversary of the Grant
Date). 
 (4) Disability. If Optionee’s employment is terminated by the Corporation by reason of
Disability, then the Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date). 
 (5) Displacement Benefits Plan or
Agreement or Arrangement in lieu of or in addition to Displacement Benefits Plan. In the event that the Option became exercisable while Optionee was still an employee of the Corporation and (a) Optionee’s employment with the
Corporation is terminated by the Corporation, and Optionee is offered and has entered into the standard Waiver and Release Agreement with PNC or one of its subsidiaries under an applicable PNC or

 
subsidiary Displacement Benefits Plan, or any successor plan by whatever name known (“Displacement Benefits Plan”), or Optionee is offered and has entered into a similar waiver and
release agreement between PNC or one of its subsidiaries and Optionee pursuant to the terms of an agreement or arrangement entered into by PNC or a subsidiary and Optionee in lieu of or in addition to the Displacement Benefits Plan, and
(b) Optionee has not revoked such waiver and release agreement, and (c) the time for revocation of such waiver and release agreement by Optionee has lapsed, then the Option will expire at the close of business on the ninetieth
(90th) day after Optionee’s Termination Date
(but in no event later than on the tenth (10th) anniversary of the Grant Date) with respect to any Covered Shares as to which the Option has already become exercisable; provided, however, that if Optionee returns to employment with the Corporation no later than said ninetieth (90
th) day, then for purposes of the Agreement, the
entire Option, whether or not it had become exercisable, will be treated as if the termination of Optionee’s employment with the Corporation had not occurred. 
 If the Option became exercisable while Optionee was still an employee of the Corporation but will expire on
Optionee’s Termination Date unless the conditions set forth in this Section A.18(c)(5) are met, then such Option will not terminate on the Termination Date, but Optionee will not be able to exercise the Option after such Termination Date
unless and until all of the conditions set forth in this Section A.18(c)(5) have been met and the Option will terminate on the ninetieth (90th) day after Optionee’s Termination Date (but in no event later than on the tenth (10th) anniversary of the Grant Date). 
 (d) Detrimental Conduct. If the Option would otherwise remain outstanding after Optionee’s Termination Date with respect to any
of the Covered Shares pursuant to one or more of the exceptions set forth in the subsections of Section A.18(c), then notwithstanding the provisions of such exception or exceptions, the Option will expire on the date that PNC determines that
Optionee has engaged in Detrimental Conduct, if earlier than the date on which the Option would otherwise expire; provided, however, that: 
 (1) no determination that Optionee has engaged in Detrimental Conduct may be made on or after the date of Optionee’s death, and Detrimental Conduct will not apply to conduct by or activities of
beneficiaries or other successors to the Option in the event of Optionee’s death; 
 (2) in the event that Optionee’s
employment with the Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, no determination that Optionee has engaged in Detrimental
Conduct for purposes of the Agreement may be made on or after such Termination Date; and 
 (3) no determination that Optionee
has engaged in Detrimental Conduct may be made after the occurrence of a Change of Control. 
 A.19 “Fair Market Value”
as it relates to a share of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on
such date, or, if no PNC common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.20 “GAAP” or “generally accepted accounting principles” means accounting principles generally accepted in the United
States of America. 
 A.21 “Good Reason” means: 
 (a) (i) the assignment to Optionee of any duties inconsistent in any respect with, or any other diminution in, Optionee’s position
(including status, offices, titles and reporting requirements),

 
authority, duties or responsibilities such that Optionee’s position, authority, duties or responsibilities are not at least commensurate in all material respects with the most significant of
those held, exercised and assigned to Optionee at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) the
assignment to Optionee of any duties inconsistent in any material respect with, or any other material diminution in, Optionee’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities
immediately prior to the Change of Control Triggering Event, excluding in either case for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Corporation promptly after receipt of notice
thereof given by Optionee; 
 (b) a reduction by the Corporation in Optionee’s annual base salary to an annual rate
(i) that is less than 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to Optionee by the Corporation in respect of the 12-month period immediately preceding the month in
which the Change of Control occurs or, if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) that is less than 12 times the monthly base salary paid or payable, including any base salary that
has been earned but deferred, to Optionee by the Corporation in respect of the month immediately preceding the month in which the Change of Control Triggering Event occurs; 
 (c) the Corporation’s requiring Optionee to be based at any office or location that is more than fifty (50) miles from
Optionee’s office or location immediately prior to either the Change of Control Triggering Event or the Change of Control; 
 (d) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure by the Corporation to continue
Optionee’s participation in annual bonus, long-term cash incentive, equity incentive, savings and retirement plans, practices, policies and programs that provide Optionee with annual bonus opportunities, long-term incentive opportunities
(measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, no less favorable, in the aggregate,
than the most favorable of those provided by the Corporation for Optionee under such plans, practices, policies and programs as in effect (i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of
Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control Triggering Event; or 
 (e) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure
by the Corporation to continue to provide Optionee with benefits under welfare benefit plans, practices, policies and programs provided by the Corporation (including, without limitation, medical, prescription, dental, vision, disability, employee
life, group life, accidental death and travel accident insurance plans and programs) no less favorable, in the aggregate, than those provided to Optionee under the most favorable of such plans, practices, policies and programs in effect for Optionee
(i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control
Triggering Event. 
 A.22 “Grant Date” means the date set forth as the Grant Date on page 1 of the Agreement and is the
date as of which the Option is authorized to be granted by the Committee in accordance with the Plan. 
 A.23 “Internal
Revenue Code” means the Internal Revenue Code of 1986 as amended, and the rules and regulations promulgated thereunder. 

 A.24 “Option” means the option to purchase shares of PNC common stock granted to
Optionee under the Plan in Section 1 of the Agreement in accordance with the terms of Article 6 of the Plan. 
 A.25
“Option Period” means the period during which the Option may be exercised, as set forth in Section 2.2 of the Agreement. 
 A.26 “Option Price” means the dollar amount per share of PNC common stock at which the Option may be exercised. The Option Price is set forth on page 1 of the Agreement. 
 A.27 “Optionee” means the person to whom the Option is granted and is identified as Optionee on page 1 of the Agreement.

 A.28 “Plan” means The PNC Financial Services Group, Inc. 2006 Incentive Award Plan. 
 A.29 “PNC” means The PNC Financial Services Group, Inc. 
 A.30 “Retire” or “Retirement” means, for purposes of this Option and all PNC stock options held by Optionee, whether
granted under the Plan or under an earlier PNC plan, termination of Optionee’s employment with the Corporation at any time and for any reason (other than termination by reason of Optionee’s death or by the Corporation for Cause and, if the
Committee or the CEO or his or her designee so determines prior to such divestiture, other than by reason of termination in connection with a divestiture of assets or a divestiture of one or more subsidiaries of the Corporation) on or after the
first date on which Optionee has both attained at least age fifty-five (55) and completed five (5) years of service, where a year of service is determined in the same manner as the determination of a year of vesting service calculated
under the provisions of The PNC Financial Services Group, Inc. Pension Plan. 
 A.31 “Retiree” means an Optionee who
has Retired. 
 A.32 “SEC” means the U.S. Securities and Exchange Commission. 
 A.33 “Service relationship” or “having a service relationship with the Corporation” means being engaged by the
Corporation in any capacity for which Optionee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory director. 

A.34 “Share” means a share of authorized but unissued PNC common stock or a reacquired share of PNC common stock, including
shares purchased by PNC on the open market for purposes of the Plan or otherwise. 
 A.35 “Termination Date” means
Optionee’s last date of employment with the Corporation. If Optionee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles
and Optionee does not continue to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 

 Reload Option Agreement Form for 
 Original Options Granted 2001-2004 
 THE PNC FINANCIAL SERVICES GROUP, INC.

 1997 LONG-TERM INCENTIVE AWARD PLAN 
 RELOAD NONSTATUTORY STOCK OPTION AGREEMENT 
  

			
	OPTIONEE:	 	«EMPLOYEE»
		
	ORIGINAL OPTION GRANT DATE:	 	
		
	RELOAD OPTION GRANT DATE:	 	
		
	RELOAD OPTION PRICE:	 	$ per share
		
	COVERED 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 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             , 200     (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 at any time and from time to time through the Expiration Date as defined in Section A.15 of Annex A hereto, including and subject to the early termination provisions set forth in said definition. 

To the extent that the Reload Option is otherwise outstanding and the Expiration Date has not yet occurred, the Reload Option will become exercisable as
to Covered Shares as set forth in this Section 2.2. 
 (a) Unless the Reload Option has previously become exercisable
pursuant to another subsection of this Section 2.2, the Reload Option will become exercisable 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 anniversary date or is a Retiree whose Retirement date occurred on or after the six (6) month anniversary date of the Reload Option Grant Date. 
 (b) If Optionee’s employment is terminated by the Corporation by reason of Disability and not for Cause, the Reload Option will become exercisable as to all outstanding Covered Shares as to which it
has not otherwise become exercisable commencing on Optionee’s Termination Date. 
 (c) If Optionee’s employment with the Corporation
is terminated by reason of Optionee’s death, the Reload Option will immediately become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable, and the Reload Option may be exercised by
Optionee’s properly designated beneficiary, by the person or persons entitled to do so under Optionee’s will, or by the person or persons entitled to do so under the applicable laws of descent and distribution. 

 (f) If, after the occurrence of a Change of Control Triggering Event but prior to the occurrence of a Change
of Control Failure or of the Change of Control triggered by the Change of Control Triggering Event, Optionee’s employment with the Corporation is terminated by the Corporation without Cause or by Optionee with Good Reason, the Reload Option
will become exercisable as to all outstanding Covered Shares as to which it has not otherwise become exercisable commencing on Optionee’s Termination Date. 
 (e) Notwithstanding any other provision of this Section 2.2, to the extent that the Reload Option is outstanding but has not yet become fully exercisable at the time a Change of Control occurs, the
Reload Option will become exercisable as to all then outstanding Covered Shares as to which it has not otherwise become exercisable, effective as of the day immediately prior to the occurrence of the Change of Control, provided that, at the time the
Change of Control occurs, Optionee is either (i) an employee of the Corporation or (ii) a former employee of the Corporation whose Reload Option, or portion thereof, has not yet become exercisable but is then outstanding and continues to
qualify for becoming exercisable pursuant to the terms of Section 2.2(a). 
 (f) The Committee or its delegate may in their sole
discretion, but need not, accelerate the date as of which all or any portion of the Reload Option first becomes exercisable, subject, if applicable, to such limitations as may be set forth in the Plan. 
 If Optionee is employed by a Subsidiary that ceases to be a Subsidiary of PNC and Optionee does not continue to be employed by PNC or a Subsidiary, then for
purposes of the Reload Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 
 2.3
Nontransferability; Designation of Beneficiary; Payment to Legal Representative. 
 (a) The Reload Option is not transferable or
assignable by Optionee. 
 (b) During Optionee’s lifetime, the Reload Option may be exercised only by Optionee or, in the event of
Optionee’s legal incapacity, by his or her legal representative, as determined in good faith by PNC. 
 (c) During Optionee’s
lifetime, Optionee may file with PNC, at such address and in such manner as PNC may from time to time direct, on a form to be provided by PNC on request, a designation of a beneficiary or beneficiaries (a “properly designated beneficiary”)
to hold and exercise Optionee’s stock options, to the extent outstanding and exercisable, in accordance with their respective stock option agreements and the Plan in the event of Optionee’s death. 
 (d) If Optionee dies prior to the full exercise or expiration of the Reload Option and has not filed a designation of beneficiary form as specified above,
the Reload Option will be held and may be exercised by the person or persons entitled to do so under Optionee’s will or under the applicable laws of descent and distribution, as to which PNC will be entitled to rely in good faith on
instructions from Optionee’s executor, administrator, or other legal representative. 
 (e) Any delivery of shares or other payment made or
action taken hereunder by PNC in good faith to or on the instructions of Optionee’s executor, administrator, or other legal representative shall extinguish all right to payment hereunder. 
 3. Capital Adjustments. Upon the occurrence of a corporate transaction or transactions (including, without limitation, stock dividends, stock splits,
spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC (each, a “Corporate Transaction”)), the Committee shall make those adjustments, if any, in the number, class or kind of Covered Shares as to
which the Reload Option is outstanding and has not yet been exercised and in the Reload Option Price that it deems appropriate in its discretion to reflect the Corporate Transaction(s) such that the rights of Optionee are neither enlarged nor
diminished as a result of such Corporate Transaction or Transactions, including without limitation cancellation of the Reload Option immediately prior to the effective time of the Corporate Transaction and payment, in cash, in consideration
therefor, of an amount equal to the product of (a) the excess, if any, of the per share value of the consideration payable to a PNC common shareholder in

 
connection with such Corporate Transaction over the Reload Option Price and (b) the total number of Covered Shares subject to the Reload Option that were outstanding and unexercised
immediately prior to the effective time of the Corporate Transaction. 
 All determinations hereunder shall be made by the Committee in its sole
discretion and shall be final, binding and conclusive for all purposes on all parties, including without limitation the holder of the Reload Option. 
 No fractional shares will be issued on exercise of the Reload Option. PNC shall determine the manner in which any fractional shares will be treated. 
 4. Exercise of Reload Option. 
 4.1 Notice and Effective Date. The Reload Option, to
the extent outstanding and exercisable, may be exercised, in whole or in part, by delivering to PNC written notice of such exercise, in such form as PNC may from time to time prescribe, and by paying in full the aggregate Reload Option Price with
respect to that portion of the Reload Option being exercised and satisfying any amounts required to be withheld pursuant to applicable tax laws in connection with such exercise. 
 In addition, notwithstanding Sections 4.2 and 4.3, Optionee may elect to complete his or her Reload Option exercise through a brokerage service/margin account pursuant to the broker-assisted cashless
option exercise procedure under Regulation T of the Board of Governors of the Federal Reserve System and in such manner as may be permitted by PNC from time to time consistent with said Regulation T. 
 The effective date of such exercise will be the Exercise Date. Until PNC notifies Optionee to the contrary, the form attached to the Reload Agreement as
Annex B shall be used to exercise the Reload Option and the form attached to the Reload Agreement as Annex C shall be used to make tax payment elections. 
 In the event that the Reload Option is exercised, pursuant to Section 2.3, by any person or persons other than Optionee, such notice of exercise must be accompanied by appropriate proof of the
derivative right of such person or persons to exercise the Reload Option. 
 4.2 Payment of Reload Option Price. Upon exercise of the
Reload Option, in whole or in part, Optionee may pay the aggregate Reload Option Price (a) in cash or (b) if and to the extent then permitted by PNC, using whole shares of PNC common stock (either by physical delivery to PNC of
certificates for the shares or through PNC’s share attestation procedure) having an aggregate Fair Market Value on the Exercise Date not exceeding that portion of the aggregate Reload Option Price being paid using such shares, or through a
combination of cash and shares of PNC common stock; provided, however, that shares of PNC common stock used to pay all or any portion of the aggregate Reload Option Price may not be subject to any contractual restriction, pledge or other encumbrance
and must be shares that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or, in either
case, for such other period as may be specified or permitted by PNC. 
 4.3 Payment of Taxes. Optionee may elect to satisfy any or all
applicable federal, state, or local tax liabilities incurred in connection with exercise of the Reload Option (a) by payment of cash, (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from
time to time establish, through the retention by PNC of sufficient whole shares of PNC common stock otherwise issuable upon such exercise to satisfy the minimum amount of taxes required to be withheld in connection with such exercise, or (c) if
and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish, using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s
share attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for
which it has been at least six (6) months since the restrictions lapsed, or, in either case, for such other period as may be specified or permitted by PNC. 

 For purposes of this Section 4.3, shares of PNC common stock that are used to satisfy applicable taxes
will be valued at their Fair Market Value on the date the tax withholding obligation arises. In no event will the Fair Market Value of the shares of PNC common stock otherwise issuable upon exercise of the Reload Option but retained pursuant to
Section 4.3(b) exceed the minimum amount of taxes required to be withheld in connection with the Reload Option exercise. 
 4.4
Effect. The exercise, in whole or in part, of the Reload Option will cause a reduction in the number of unexercised Covered Shares as to which the Reload Option is outstanding equal to the number of shares of PNC common stock with respect to
which the Reload Option is exercised. 
 5. Restrictions on Exercise and on Shares Issued on Exercise. Notwithstanding any other
provision of the Reload Agreement, the Reload Option may not be exercised at any time that PNC does not have in effect a registration statement under the Securities Act of 1933 as amended relating to the offer of shares of PNC common stock under the
Plan unless PNC agrees to permit such exercise. Upon the issuance of any shares of PNC common stock pursuant to exercise of the Reload Option at a time when such a registration statement is not in effect, Optionee will, upon the request of PNC,
agree in writing that Optionee is acquiring such shares for investment only and not with a view to resale and that Optionee will not sell, pledge, or otherwise dispose of such shares unless and until (a) PNC is furnished with an opinion of
counsel to the effect that registration of such shares pursuant to the Securities Act of 1933 as amended is not required by that Act or by rules and regulations promulgated thereunder, (b) the staff of the SEC has issued a no-action letter with
respect to such disposition, or (c) such registration or notification as is, in the opinion of counsel for PNC, required for the lawful disposition of such shares has been filed and has become effective; provided, however, that PNC is not
obligated hereby to file any such registration or notification. PNC may place a legend embodying such restrictions on the certificate(s) evidencing such shares. 
 6. Rights as Shareholder. Optionee will have no rights as a shareholder with respect to any Covered Shares until the Exercise Date and then only with respect to those shares of PNC common stock
issued upon such exercise of the Reload Option and not retained by PNC as provided in Section 4.3. 
 7. Employment. Neither the
granting of the Reload Option evidenced by the Reload Agreement nor any term or provision of the Reload Agreement will constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any Subsidiary to employ Optionee for
any period. 
 8. Subject to the Plan. The Reload Option evidenced by the Reload Agreement and the exercise thereof are subject to the
terms and conditions of the Plan, which is incorporated by reference herein and made a part hereof, but the terms of the Plan will not be considered an enlargement of any benefits under the Reload Agreement. In addition, the Reload Option is subject
to any rules and regulations promulgated by or under the authority of the Committee. 
 9. Optionee Covenants. 
 9.1 General. Optionee and PNC acknowledge and agree that Optionee has received adequate consideration with respect to enforcement of the provisions
of Sections 9 and 10 hereof by virtue of receiving this Reload Option, which gives Optionee an opportunity potentially to benefit from an increase in the future value of PNC common stock (regardless of whether any such benefit is ultimately
realized); that such provisions are reasonable and properly required for the adequate protection of the business of the Corporation; and that enforcement of such provisions will not prevent Optionee from earning a living. 
 9.2 Non-Solicitation; No-Hire. Optionee agrees to comply with the provisions of subsections (a) and (b) of this Section 9.2 while
employed by the Corporation and for a period of one year after Optionee’s Termination Date regardless of the reason for such termination of employment. 
 (c) Non-Solicitation. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any Subsidiary,
solicit, call on, do

 
business with, or actively interfere with PNC’s or any Subsidiary’s relationship with, or attempt to divert or entice away, any Person that Optionee should reasonably know (i) is a
customer of PNC or any Subsidiary for which PNC or any Subsidiary provides any services as of the Termination Date, or (ii) was a customer of PNC or any Subsidiary for which PNC or any Subsidiary provided any services at any time during the
twelve (12) months preceding the Termination Date, or (iii) was, as of the Termination Date, considering retention of PNC or any Subsidiary to provide any services. 
 (b) No-Hire. Optionee shall not, directly or indirectly, either for Optionee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any Subsidiary, employ or
offer to employ, call on, or actively interfere with PNC’s or any Subsidiary’s relationship with, or attempt to divert or entice away, any employee of the Corporation, nor shall Optionee assist any other Person in such activities.

 Notwithstanding the above, if Optionee’s employment with the Corporation is terminated by the Corporation without Cause or by Optionee
with Good Reason and such Termination Date occurs during a Coverage Period or, if Optionee was a party to a Change of Control Employment Agreement that was in effect at the time of such termination of employment, within three years after the
occurrence of a Change of Control, then commencing immediately after such Termination Date, the provisions of subsections (a) and (b) of this Section 9.2 shall no longer apply and shall be replaced with the following subsection (c):

 (c) No-Hire. Optionee agrees that Optionee shall not, for a period of one year after the Termination Date, employ or offer to employ,
solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 
 9.3 Confidentiality. During Optionee’s employment with the Corporation, and thereafter regardless of the reason for termination of such employment, Optionee will not disclose or use in any way
any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the exclusive and valuable property of the Corporation whether or not conceived of or prepared by Optionee, other than
(a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative
agency or applicable law, or (d) with the prior written consent of PNC. 
 9.4 Ownership of Inventions. Optionee shall promptly and
fully disclose to PNC any and all inventions, discoveries, improvements, ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Optionee during the term of
Optionee’s employment with the Corporation, whether alone or with others, and that are (a) related directly or indirectly to the business or activities of PNC or any Subsidiary or (b) developed with the use of any time, material,
facilities or other resources of PNC or any Subsidiary (“Developments”). Optionee agrees to assign and hereby does assign to PNC or its designee all of Optionee’s right, title and interest, including copyrights and patent rights, in
and to all Developments. Optionee shall perform all actions and execute all instruments that PNC or any Subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations of this
Section 9.4 shall be performed by Optionee without further compensation and shall continue beyond the Termination Date. 
 10.
Enforcement Provisions. Optionee understands and agrees to the following provisions regarding enforcement of the Reload Agreement. 
 10.1 Governing Law and Jurisdiction. The Reload Agreement is governed by and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or
relating to the Reload Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Reload
Agreement, Optionee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the Reload
Agreement. 

 10.2 Equitable Remedies. A breach of the provisions of any of Sections 9.2, 9.3 or 9.4 will cause the
Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of immediate, as well as permanent, injunctive relief restraining Optionee, and each and every person and entity acting in concert or participating with
Optionee, from initiation and/or continuation of such breach. 
 10.3 Tolling Period. If it becomes necessary or desirable for the
Corporation to seek compliance with the provisions of Section 9.2 by legal proceedings, the period during which Optionee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation
institutes legal proceedings for injunctive or other relief. 
 10.4 No Waiver. Failure of PNC to demand strict compliance with any of
the terms, covenants or conditions of the Reload Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be
deemed a waiver or relinquishment of such term, covenant or condition. 
 10.5 Severability. The restrictions and obligations imposed by
Sections 9.2, 9.3 and 9.4 are separate and severable, and it is the intent of Optionee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason
whatsoever, the remaining provisions, restrictions and obligations shall remain valid and binding upon Optionee. 
 10.6 Reform. In the
event any of Sections 9.2, 9.3 and 9.4 are determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Optionee and PNC that said
court reduce and reform the provisions thereof so as to apply the greatest limitations considered enforceable by the court. 
 10.7 Waiver of
Jury Trial. Each of Optionee and PNC hereby waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 9.2, 9.3 and 9.4. 
 10.8 Applicable Law. Notwithstanding anything in the Reload Agreement, PNC will not be required to comply with any term, covenant or condition of the
Reload Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries.
Further, to the extent, if any, applicable to Optionee, Optionee agrees to reimburse PNC or its subsidiaries for any amounts Optionee may be required to reimburse the Corporation pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and
agrees that PNC need not comply with any term, covenant or condition of the Reload Agreement to the extent that doing so would require that Optionee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the
Sarbanes-Oxley Act of 2002. 
 10.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the
Reload Option and the Agreement comply with the provisions of Section 409A of the Internal Revenue Code of 1986 as amended, and the rules and regulations promulgated thereunder, (“Section 409A”) to the extent, if any, that such
provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent. 
 If any
payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation under the provisions of Section 409A, Optionee agrees that PNC may, without the consent of Optionee, modify the Agreement and the
Reload Option to the extent and in the manner PNC deems necessary or advisable or take such other action or actions, including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments
or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable
thereunder. 
 11. No Additional Reload Option. Exercise of the Reload Option will not entitle Optionee to receive an additional reload
option, regardless of the manner in which the Reload Option is exercised. 

 12. Effective Date. If Optionee does not accept the grant of the Reload Option by executing and
delivering a copy of the Reload Agreement to PNC, without altering or changing the terms of the Reload Agreement in any way, within thirty (30) days of receipt by Optionee of a copy of the Reload Agreement, PNC may, in its sole discretion,
withdraw its offer and cancel the Reload Option and the Reload Agreement at any time prior to Optionee’s delivery to PNC of a copy of the Reload Agreement executed by Optionee. 
 Otherwise, upon execution and delivery of the Reload Agreement by both PNC and Optionee, the Reload Option and the Reload Agreement are effective as of the Reload Option Grant Date. 
 IN WITNESS WHEREOF, PNC has caused the Reload Agreement to be signed on its behalf effective as of the Reload
Option Grant Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary

 Accepted and agreed to as of the
Reload Option Grant Date 
  
  
 Optionee 
 Annex A - Certain Definitions

 Annex B - Notice of Exercise 
 Annex
C - Tax Payment Election Form 
 ANNEX A 
 CERTAIN DEFINITIONS 
 *  *  * 
 Except where the context otherwise indicates, the following definitions apply to the Reload Nonstatutory Stock Option Agreement (“Reload
Agreement”) to which this Annex A is attached. 
 A.1 “Board” means the Board of Directors of PNC. 
 A.2 “Cause.” 

 (a) “Cause” during a Coverage Period. If the termination of Optionee’s
employment with the Corporation occurs during a Coverage Period, then, for purposes of the Reload Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for
substantial performance is delivered to Optionee by the Board or the CEO that specifically identifies the manner in which the Board or the CEO believes that Optionee has not substantially performed Optionee’s duties; or 
 (ii) the willful engaging by Optionee in illegal conduct or gross misconduct that is materially and demonstrably injurious to PNC or any
Subsidiary. 
 For purposes of the preceding clauses (i) and (ii), no act or failure to act, on the part of Optionee, shall
be considered willful unless it is done, or omitted to be done, by Optionee in bad faith and without reasonable belief that Optionee’s action or omission was in the best interests of the Corporation. Any act, or failure to act, based upon the
instructions or prior approval of the Board, the CEO or Optionee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Optionee in good faith and in the best
interests of the Corporation. 
 The cessation of employment of Optionee will be deemed to be a termination of Optionee’s
employment with the Corporation for Cause for purposes of the Reload Agreement only if and when there shall have been delivered to Optionee, as part of the notice of Optionee’s termination, a copy of a resolution duly adopted by the affirmative
vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the good faith opinion of the
Board, Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be adopted only after (1) reasonable notice of such Board meeting is
provided to Optionee, together with written notice that PNC believes that Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail, and (2) Optionee is given
an opportunity, together with counsel, to be heard before the Board. 
 (b) “Cause” other than during a Coverage
Period. If the termination of Optionee’s employment with the Corporation occurs other than during a Coverage Period, then, for purposes of the Reload Agreement, “Cause” means: 
 (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by PNC that specifically identifies the manner in which it is believed that Optionee has not
substantially performed Optionee’s duties; 
 (ii) a material breach by Optionee of (1) any code of conduct of PNC or a
Subsidiary or (2) other written policy of PNC or a Subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (iii) any act of fraud, misappropriation, material dishonesty, or embezzlement by Optionee against PNC or a Subsidiary or any client or customer of PNC or a Subsidiary; 
 (iv) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or entry by Optionee into a pre-trial disposition
with respect to, the commission of a felony; or 

 (v) entry of any order against Optionee, by any governmental body having regulatory
authority with respect to the business of PNC or any Subsidiary, that relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 The cessation of employment of Optionee will be deemed to have been a termination of Optionee’s employment with the Corporation for
Cause for purposes of the Reload Agreement only if and when the CEO or his or her designee (or, if Optionee is the CEO, the Board) determines that Optionee is guilty of conduct described in clause (i), (ii) or (iii) above or that an event
described in clause (iv) or (v) above has occurred with respect to Optionee and, if so, determines that the termination of Optionee’s employment with the Corporation will be deemed to have been for Cause. 
 A.3 “CEO” means the chief executive officer of PNC. 
 A.4 “Change of Control” means: 
 (a) Any individual, entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of PNC entitled to vote
generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.4(a), the following acquisitions shall not constitute a Change of Control: (1) any acquisition
directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or any company controlled by, controlling or under common control with PNC (an
“Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.4(c)) or (5) an acquisition of beneficial ownership representing between 20% and 40%, inclusive, of the Outstanding PNC
Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition approves such acquisition either prior to or immediately after its occurrence;

 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by
PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such
individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board; 
 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock of another entity by PNC or any of its subsidiaries (each, a
“Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding PNC Common Stock and the Outstanding PNC Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of
the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including,
without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately
prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded Combination”); or 

 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC.

 A.5 “Change of Control Employment Agreement” means the written agreement, if any, between Optionee and PNC
providing, among other things, for certain payments and benefits upon a qualifying termination of employment following a change of control. 
 A.6 “Change of Control Failure” means the following: 
 (a) with respect
to a Change of Control Triggering Event described in Section A.7(a), PNC’s shareholders vote against the transaction approved by the Board or the agreement to consummate the transaction is terminated; or 
 (b) with respect to a Change of Control Triggering Event described in Section A.7(b), the proxy contest fails to replace or remove a majority
of the members of the Board. 
 A.7 “Change of Control Triggering Event” means the occurrence of either of the
following: 
 (a) the Board or PNC’s shareholders approve a transaction described in Subsection (c) of the definition
of Change of Control contained in Section A.4; or 
 (b) the commencement of a proxy contest in which any Person seeks to
replace or remove a majority of the members of the Board. 
 A.8 “Committee” means the Personnel and Compensation
Committee of the Board or such person or persons as may be designated or appointed by that committee as its delegate or designee. 
 A.9 “Competitive Activity” means, for purposes of the Reload Agreement, any participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other
than PNC or any Subsidiary (1) engaged in business activities similar to some or all of the business activities of PNC or any Subsidiary as of Optionee’s Termination Date or (2) engaged in business activities that Optionee knows PNC
or any Subsidiary intends to enter within the first twelve (12) months after Optionee’s Termination Date or, if later and if applicable, after the date specified in clause (2) of Section A.12(i), in either case whether Optionee is
acting as agent, consultant, independent contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.10 “Corporation” means PNC and its Subsidiaries. 
 A.11 “Coverage Period” means a period (a) commencing on the earlier to occur of (i) the date of a Change of Control Triggering Event and (ii) the date of a Change of Control and
(b) ending on the date that is two (2) years after the date of the Change of Control; provided, however, that in the event that a Coverage Period commences on the date of a Change of Control Triggering Event, such Coverage Period will
terminate upon the earlier to occur of (x) the date of a Change of Control Failure and (y) the date that is two (2) years after the date of the Change of Control triggered by the Change of Control Triggering Event. After the
termination of any Coverage Period, another Coverage Period will commence upon the earlier to occur of clauses (a)(i) and (a)(ii) in the preceding sentence. 

 A.12 “Detrimental Conduct” means, for purposes of the Reload Agreement:

 (i) Optionee has engaged, without the prior written consent of PNC (at PNC’s sole discretion), in any
Competitive Activity in the continental United States at any time during the period commencing on Optionee’s Termination Date and extending through the first (1st) anniversary of the later of (1) Optionee’s Termination Date and, if different, (2) the first date
after Optionee’s Termination Date as of which Optionee ceases to have a service relationship with the Corporation; 
 (ii) a
material breach by Optionee of (1) any code of conduct of PNC or a Subsidiary or (2) other written policy of PNC or a Subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (iii) any act of fraud, misappropriation, material dishonesty, or embezzlement by Optionee against PNC or a Subsidiary or any client or
customer of PNC or a Subsidiary; 
 (iv) any conviction (including a plea of guilty or of nolo contendere) of Optionee for, or
entry by Optionee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Optionee’s employment or other service relationship with the Corporation; or 
 (v) entry of any order against Optionee, by any governmental body having regulatory authority with respect to the business of PNC or any
Subsidiary, that relates to or arises out of Optionee’s employment or other service relationship with the Corporation. 
 Optionee will be deemed to have engaged in Detrimental Conduct for purposes of the Reload Agreement only if and when the CEO or his or her designee (or, if Optionee is the CEO, the Board) determines that Optionee has engaged in conduct
described in clause (i) above, that Optionee is guilty of conduct described in clause (ii) or (iii) above, or that an event described in clause (iv) or (v) above has occurred with respect to Optionee and, if so, determines
that Optionee will be deemed to have engaged in Detrimental Conduct. 
 A.13 “Disabled” or “Disability”
means, except as may otherwise be required by Section 409A of the Internal Revenue Code, that Optionee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or
can be expected to last for a continuous period of not less than 12 months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Optionee has been determined
to be eligible for Social Security disability benefits, Optionee shall be presumed to be Disabled as defined herein. 
 A.14
“Exercise Date” means the date (which must be a business day for PNC Bank, National Association) on which PNC receives written notice, in such form as PNC may from time to time prescribe, of the exercise, in whole or in part, of the Reload
Option pursuant to the terms of the Reload Agreement, subject to receipt by PNC of full payment of the aggregate Reload Option Price, calculation by PNC of the applicable withholding taxes, and receipt by PNC of payment for any taxes required to be
withheld in connection with such exercise as provided in Sections 4.1, 4.2 and 4.3 of the Reload Agreement. 
 A.15
“Expiration Date.” 
 (a) Expiration Date. Expiration Date means the date on which the
Reload Option expires, which will be the tenth (10th) anniversary of the Original Option Grant Date unless the Reload Option expires earlier pursuant to any of the provisions set forth in Sections A.15(b) through A.15(d) (with the Reload Option expiring on the first date determined
under any of such sections); 
 provided, however, if there is a Change of Control, then notwithstanding Sections A.15(c) and
A.15(d), to the extent that the Reload Option is outstanding and exercisable or becomes

 
exercisable at the time the Change of Control occurs, the Reload Option will not expire at the earliest before the close of business on the ninetieth (90th) day after the occurrence of the Change of Control (or the
tenth (10th) anniversary of the Original Option Grant
Date if earlier), provided that either (1) Optionee is an employee of the Corporation at the time the Change of Control occurs and Optionee’s employment with the Corporation is not terminated for Cause or (2) Optionee is a former
employee of the Corporation whose Reload Option, or portion thereof, is outstanding at the time the Change of Control occurs by virtue of the application of one or more of the exceptions set forth in Section A.15(c) and at least one of such
exceptions is still applicable at the time the Change of Control occurs. 
 In no event will the Reload
Option remain outstanding beyond the tenth (10th) anniversary of the Original Option Grant Date. 
 (b) Termination for Cause. Upon a termination of
Optionee’s employment with the Corporation for Cause, unless the Committee determines otherwise, the Reload Option will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not the
Reload Option has become exercisable and whether or not Optionee is eligible to Retire or Optionee’s employment also terminates for another reason. 
 (c) Ceasing to be an Employee other than by Termination for Cause. If Optionee ceases to be an employee of the Corporation other than by termination of Optionee’s employment for Cause, then
unless the Committee determines otherwise, the Reload Option will expire at the close of business on Optionee’s Termination Date with respect to all Covered Shares, whether or not the Reload Option has become exercisable, except to the extent
that the provisions set forth in subsection (1), (2), (3), (4) or (5) of this Section A.15(c) apply to Optionee’s circumstances and such applicable subsection specifies a later expiration date for all or a portion of the Reload
Option. If more than one of such exceptions is applicable to the Reload Option or a portion thereof, then the Reload Option or such portion of the Reload Option will expire in accordance with the provisions of the subsection that specifies the
latest expiration date. 
 (1) Retirement. If the termination of Optionee’s employment with the
Corporation meets the definition of Retirement, then the Reload Option will expire on the tenth (10th) anniversary of the Original Option Grant Date with respect to any Covered Shares as to which the Reload Option is exercisable on the Retirement date or thereafter becomes exercisable pursuant to
Section 2.2 of the Reload Agreement. 
 (2) Death. If Optionee’s employment with the
Corporation is terminated by reason of Optionee’s death, then the Reload Option will expire on the tenth (10th
) anniversary of the Original Option Grant Date. 
 (3) Termination during a Coverage Period without Cause or with Good Reason. If Optionee’s employment with the Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation
without Cause or by Optionee with Good Reason, then the Reload Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Original Option Grant Date). 
 (4) Disability. If Optionee’s employment is terminated by the Corporation by reason of Disability, then the
Reload Option will expire on the third (3rd) anniversary of such Termination Date (but in no event later than on the tenth (10th) anniversary of the Original Option Grant Date). 
 (5) Displacement
Benefits Plan or Agreement or Arrangement in lieu of or in addition to Displacement Benefits Plan. In the event that (a) Optionee’s employment with the Corporation is terminated by the Corporation, and Optionee is offered and has
entered into the standard

 
Waiver and Release Agreement with PNC or a Subsidiary under an applicable PNC or Subsidiary Displacement Benefits Plan, or any successor plan by whatever name known (“Displacement Benefits
Plan”), or Optionee is offered and has entered into a similar waiver and release agreement between PNC or a Subsidiary and Optionee pursuant to the terms of an agreement or arrangement entered into by PNC or a Subsidiary and Optionee in lieu of
or in addition to the Displacement Benefits Plan, and (b) Optionee has not revoked such waiver and release agreement, and (c) the time for revocation of such waiver and release agreement by Optionee has lapsed, then the Reload Option will
expire at the close of business on the ninetieth (90th) day after Optionee’s Termination Date (but in no event later than on the tenth (10th) anniversary of the Original Option Grant Date) with respect to any Covered Shares as to which the Reload Option
has already become exercisable; provided, however, that if Optionee returns to employment with the Corporation no later than said ninetieth (90th) day, then for purposes of the Reload Agreement, the entire Reload Option, whether or not it has become
exercisable, will be treated as if the termination of Optionee’s employment with the Corporation had not occurred. 
 If the Reload Option (or portion thereof) has become exercisable while Optionee was still an employee of the Corporation but will expire on Optionee’s Termination Date unless the conditions set forth
in this Section A.15(c)(5) are met, then such Reload Option or portion thereof will not terminate on the Termination Date, but Optionee will not be able to exercise the Reload Option after such Termination Date unless and until all of the
conditions set forth in this Section A.15(c)(5) have been met and the Reload Option will terminate on the ninetieth (90th) day after Optionee’s Termination Date (but in no event later than on the tenth (10th) anniversary of the Original Option Grant Date). 
 (d) Detrimental Conduct. If the Reload Option would otherwise remain outstanding after Optionee’s Termination Date with respect
to any of the Covered Shares pursuant to one or more of the exceptions set forth in the subsections of Section A.15(c), then notwithstanding the provisions of such exception or exceptions, the Reload Option will expire on the date that PNC
determines that Optionee has engaged in Detrimental Conduct, if earlier than the date on which the Reload Option would otherwise expire; provided, however, that: 
 (1) no determination that Optionee has engaged in Detrimental Conduct may be made on or after the date of Optionee’s death, and Detrimental Conduct will not apply to conduct by or activities of
beneficiaries or other successors to the Reload Option in the event of Optionee’s death; 
 (2) in the event that
Optionee’s employment with the Corporation is terminated (other than by reason of Optionee’s death) during a Coverage Period by the Corporation without Cause or by Optionee with Good Reason, no determination that Optionee has engaged in
Detrimental Conduct for purposes of the Reload Agreement may be made on or after such Termination Date; and 
 (3) no
determination that Optionee has engaged in Detrimental Conduct may be made after the occurrence of a Change of Control. 
 A.16
“Fair Market Value” as it relates to a share of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a
share of PNC common stock on such date, or, if no PNC common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades.

 A.17 “Good Reason” means: 
 (a) (i) the assignment to Optionee of any duties inconsistent in any respect with, or any other diminution in, Optionee’s position
(including status, offices, titles and reporting requirements), authority, duties or responsibilities such that Optionee’s position, authority, duties or responsibilities are not at least commensurate in all material respects with the most
significant of those held, exercised and assigned to Optionee at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event,
(ii) the assignment to Optionee of any duties inconsistent in any material respect with, or any other material diminution in, Optionee’s position (including status, offices, titles and reporting requirements), authority, duties or
responsibilities immediately prior to the Change of Control Triggering Event, excluding in either case for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and that is remedied by the Corporation promptly after
receipt of notice thereof given by Optionee; 
 (b) a reduction by the Corporation in Optionee’s annual base salary to an
annual rate (i) that is less than 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to Optionee by the Corporation in respect of the 12-month period immediately preceding the
month in which the Change of Control occurs or, if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) that is less than 12 times the monthly base salary paid or payable, including any base
salary that has been earned but deferred, to Optionee by the Corporation in respect of the month immediately preceding the month in which the Change of Control Triggering Event occurs; 
 (c) the Corporation’s requiring Optionee to be based at any office or location that is more than fifty (50) miles from
Optionee’s office or location immediately prior to either the Change of Control Triggering Event or the Change of Control; 
 (d) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure by the Corporation to continue
Optionee’s participation in annual bonus, long-term cash incentive, equity incentive, savings and retirement plans, practices, policies and programs that provide Optionee with annual bonus opportunities, long-term incentive opportunities
(measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, no less favorable, in the aggregate,
than the most favorable of those provided by the Corporation for Optionee under such plans, practices, policies and programs as in effect (i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of
Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control Triggering Event; or 
 (e) other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and that is remedied by the Corporation promptly after receipt of notice thereof given by Optionee, the failure
by the Corporation to continue to provide Optionee with benefits under welfare benefit plans, practices, policies and programs provided by the Corporation (including, without limitation, medical, prescription, dental, vision, disability, employee
life, group life, accidental death and travel accident insurance plans and programs) no less favorable, in the aggregate, than those provided to Optionee under the most favorable of such plans, practices, policies and programs in effect for Optionee
(i) at any time during the 120-day period immediately preceding the Change of Control, or if a Change of Control has not yet occurred but there has been a Change of Control Triggering Event, (ii) immediately prior to the Change of Control
Triggering Event. 
 A.18 “Optionee” means the person identified as Optionee on page 1 of the Reload Agreement.

 A.19 “Original Option” has the meaning set forth in Section 1 of the Reload Agreement. 
 A.20 “Original Option Grant Date” is the date as of which the Original Option was granted. 

 A.21 “PNC” means The PNC Financial Services Group, Inc. 
 A.22 “Reload Option” means the Nonstatutory Stock Option granted to Optionee in Section 1 of the Reload Agreement pursuant to
which Optionee may purchase shares of PNC common stock as provided in the Reload Agreement. 
 A.23 “Reload Option Grant
Date” means the date set forth as the Reload Option Grant Date on page 1 of the Reload Agreement, which is the date the Original Option was exercised in accordance with the terms of the Addendum to the Original Option stock option agreement.

 A.24 “Reload Option Price” means the dollar amount per share of PNC common stock set forth as the Reload Option
Price on page 1 of the Reload Agreement. 
 A.25 “Retiree” means an Optionee who has Retired. 
 A.26 “Retire” or “Retirement” means termination of Optionee’s employment with the Corporation at any time and for
any reason (other than termination by reason of Optionee’s death or by the Corporation for Cause and, if the Committee or the CEO or his or her designee so determines prior to such divestiture, other than by reason of termination in connection
with a divestiture of assets or a divestiture of one or more Subsidiaries of the Corporation) on or after the first date on which Optionee has both attained at least age fifty-five (55) and completed five (5) years of service, where a year
of service is determined in the same manner as the determination of a year of vesting service calculated under the provisions of The PNC Financial Services Group, Inc. Pension Plan. 
 A.27 “Right(s)” means stock appreciation right(s) in accordance with the terms of Article 7 of the Plan. 
 A.28 “SEC” means the U.S. Securities and Exchange Commission. 
 A.29 “Service relationship” or “having a service relationship with the Corporation” means being engaged by the
Corporation in any capacity for which Optionee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory director. 

A.30 “Subsidiary” has the meaning set forth in the Plan; provided, however, that in order to be a “Subsidiary” for
purposes of the Agreement the entity must also satisfy the definition of “service recipient” under Section 409A of the Internal Revenue Code of 1986 as amended. 
 A.31 “Termination Date” means Optionee’s last date of employment with the Corporation. If Optionee is employed by a Subsidiary
that ceases to be a Subsidiary of PNC and Optionee does not continue to be employed by PNC or a Subsidiary, then for purposes of the Reload Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs.

 FORMS OF EMPLOYEE RESTRICTED STOCK 
 AND RESTRICTED SHARE UNIT AGREEMENTS 
 20     Long-Term
Incentive Award Program 
 Continued Employment Performance Goal 
 Restricted Period: Three Years (100%) 
 THE PNC FINANCIAL SERVICES GROUP, INC.

 2006 INCENTIVE AWARD PLAN 
 *  *  * 
 20     LONG-TERM INCENTIVE AWARD
PROGRAM 
 *  *  * 
 RESTRICTED STOCK AWARD AGREEMENT 
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	GRANTEE:	  	 < name >

		
	AWARD DATE:	  	             , 20    

		
	RESTRICTED SHARES:	  	 < number of whole shares>

  
  
  
 1. Definitions. Certain terms used in this Restricted Stock Award Agreement (the “Agreement”) are defined in Annex A (which
is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context otherwise indicates. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and “Corporation” means PNC and its Consolidated Subsidiaries. 
 2. Restricted Shares Award. Pursuant to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”), and
subject to the terms and conditions of the Agreement, PNC grants to the Grantee named above (“Grantee”) a Restricted Shares Award of the number of restricted shares of PNC common stock set forth above (the “Award” and the
“Restricted Shares”), all subject to acceptance of the Award by Grantee in accordance with Section 16 and subject to the terms and conditions of the Agreement and the Plan. 
 3. Terms of Award. The Award is subject to the following terms and conditions. 
 Restricted Shares are subject to a Restricted Period as provided in Section A.20 of Annex A. During the Restricted Period and until all
of the conditions of the Agreement have been satisfied and the shares become Awarded Shares, Restricted Shares are subject to forfeiture and to transfer restrictions pursuant to the terms and conditions of the Agreement. 
 Once issued in accordance with Section 16, Restricted Shares will be deposited with PNC or its designee in a restricted account or
credited to a restricted book-entry account. Restricted Shares will be held in a restricted account until either all of the conditions of the Agreement have been satisfied or the shares are forfeited pursuant to the terms of the Agreement.
Restricted Shares that are forfeited by Grantee pursuant to and in accordance with the terms of Section 7 will be cancelled without payment of any consideration by PNC. 

 Any certificate or certificates representing the Restricted Shares will contain the
following legend: 
 “This certificate and the shares of stock represented hereby are subject to the terms and conditions
(including forfeiture and restrictions against transfer) contained in The PNC Financial Services Group, Inc. 2006 Incentive Award Plan and an Agreement entered into between the registered owner and The PNC Financial Services Group, Inc. Release from
such terms and conditions will be made only in accordance with the provisions of such Plan and such Agreement, a copy of each of which is on file in the office of the Corporate Secretary of The PNC Financial Services Group, Inc.” 
 Where a book-entry system is used with respect to the issuance of Restricted Shares, appropriate notation of such forfeiture possibility and
transfer restrictions will be made on the system with respect to the account or accounts to which the Restricted Shares are credited. 
 Restricted Shares deposited with PNC or its designee that become Awarded Shares as provided in Section A.3 of Annex A upon satisfaction of all of the conditions of the Agreement will be released from the restricted account and reissued to,
or at the proper direction of, Grantee or Grantee’s legal representative pursuant to Section 9. 
 4. Rights as
Shareholder. Except as provided in Sections 6 through 9 and subject to Section 16, Grantee will have all the rights and privileges of a shareholder with respect to the Restricted Shares including, but not limited to, the right to vote the
Restricted Shares and the right to receive dividends thereon if and when declared by the Board; provided, however, that all such rights and privileges will cease immediately upon any forfeiture of such shares. 
 5. Capital Adjustments. Restricted Shares issued pursuant to the Award shall, as issued and outstanding shares of PNC common stock,
be subject to such adjustment as may be necessary to reflect corporate transactions, including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC;
provided, however, that any shares received as distributions on or in exchange for Restricted Shares that have not yet been released from the terms of the Agreement shall be subject to the terms and conditions of the Agreement as if they were
Restricted Shares. 
 6. Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. 
 (a) Restricted Shares may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered, other than as may be
required pursuant to Section 10.2, unless and until the Restricted Period terminates and the Awarded Shares are released and reissued by PNC pursuant to Section 9. 
 (b) If Grantee is deceased at the time Restricted Shares become Awarded Shares, PNC will deliver such shares to the executor or
administrator of Grantee’s estate or to Grantee’s other legal representative as determined in good faith by the Committee. 
 (c) Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative shall extinguish all right to payment hereunder. 
 7. Forfeiture Provisions. 
 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,
Section 7.7, or Section 8, if applicable, in the event that Grantee’s employment with the Corporation terminates prior to the third (3rd) anniversary of the Award Date, all Restricted Shares that are Unvested Shares on Grantee’s Termination Date
will be forfeited by Grantee to PNC without payment of any consideration by PNC. 

 Upon any forfeiture of Unvested Shares pursuant to the provisions of this Section 7.1
or the provisions of Section 7.2, Section 7.4(b) or Section 7.5(b), neither Grantee nor any successors, heirs, assigns or legal representatives of Grantee will thereafter have any further rights or interest in such Unvested Shares or
any certificate or certificates representing such Unvested Shares. 
 7.2 Detrimental Conduct; Judicial Criminal
Proceedings. 
 (a) Detrimental Conduct. Unvested Shares that would otherwise remain outstanding after Grantee’s
Termination Date, if any, will be forfeited by Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such shares become Awarded Shares, PNC determines that Grantee has engaged in Detrimental
Conduct; provided, however, that: (i) this Section 7.2(a) will not apply to Restricted Shares that remain outstanding after Grantee’s Termination Date pursuant to Section 7.3 or Section 7.6, if any; (ii) no
determination that Grantee has engaged in Detrimental Conduct may be made on or after the date of Grantee’s death; (iii) Detrimental Conduct will not apply to conduct by or activities of successors to the Restricted Shares by will or the
laws of descent and distribution in the event of Grantee’s death; and (iv) Detrimental Conduct will cease to apply to any Restricted Shares upon a Change of Control. 
 (b) Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal
charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation, then to the extent that the Restricted Shares are
still outstanding and have not yet become Awarded Shares, the Committee may determine to suspend the vesting of the Restricted Shares or to require the escrow of the proceeds of the shares. 
 Any such suspension or escrow is subject to the following restrictions: 
 (1) It may last only until the earliest to occur of the following: 
 (A) resolution of the criminal proceedings in a manner that results in a conviction (including a plea of guilty or of nolo contendere) of
Grantee for, or any entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation; 
 (B) resolution of the criminal proceedings in one of the following ways: (i) the charges as they relate to such alleged felony have
been dismissed (with or without prejudice); (ii) Grantee has been acquitted of such alleged felony; or (iii) a criminal proceeding relating to such alleged felony has been completed without resolution (for example, as a result of a
mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 
 (C) Grantee’s death; 
 (D) the occurrence of a Change of Control; or

 (E) termination of the suspension or escrow in the discretion of the Committee; and 
 (2) It may be imposed only if the Committee makes reasonable provision for the retention or realization of the value of the Restricted
Shares to Grantee as if no suspension or escrow had been imposed upon any termination of the suspension or escrow under clauses (1)(B) or (E) above. 
 If the suspension is terminated by the occurrence of an event set forth in clause (1)(A) above, the Restricted Shares will, upon such occurrence, be automatically forfeited by Grantee to PNC and
cancelled without payment of any consideration by PNC. 

 7.3 Death. In the event of Grantee’s death while an employee
of the Corporation and prior to the third (3rd) anniversary of the Award Date, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if any, will terminate on the
date of Grantee’s death. 
 The Restricted Shares which thereby become Awarded Shares will be released and reissued by PNC
to, or at the proper direction of, Grantee’s legal representative pursuant to Section 9 as soon as administratively practicable following such date. 
 7.4 Qualifying Disability Termination. 
 (a) In the
event Grantee’s employment with the Corporation is terminated prior to the third (3rd) anniversary of the Award Date by the Corporation by reason of Grantee’s Disability, Unvested Shares will not be automatically forfeited on Grantee’s Termination Date. Instead, Unvested
Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.4(b), remain outstanding pending and subject to affirmative approval of the vesting of the Restricted Shares pursuant to this Section 7.4(a) by the
Designated Person specified in Section A.12 of Annex A. 
 If such Unvested Shares are still outstanding but
the Designated Person has not made a specific determination to either approve or disapprove the vesting of the Unvested Shares by the day immediately preceding the third (3rd) anniversary of the Award Date, then the Restricted Period will be automatically extended through the first to
occur of: (1) the day the Designated Person makes a specific determination regarding such vesting; and (2) either (i) the ninetieth (90th) day following the third (3rd) anniversary of the Award Date, if the Designated Person is the Chief Human Resources Officer of PNC, or
(ii) the 180th day following such anniversary date if
the Designated Person is the Committee or its delegate, whichever is applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended
until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares is
affirmatively approved by the Designated Person on or prior to the last day of the Restricted Period, including any extension of the Restricted Period, if applicable, then the Three-Year Continued Employment Performance Goal will be deemed to have
been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if any, will terminate as of the end of the day on the date of such approval. The Restricted Shares outstanding at the termination of the Restricted
Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9. 
 (b) If the Designated
Person disapproves the vesting of the Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be
forfeited by Grantee to PNC on such disapproval date without payment of any consideration by PNC. 
 If by the end of the
Restricted Period, including any extension of the Restricted Period pursuant to the second paragraph of Section 7.4(a), if applicable, the Designated Person has neither affirmatively approved nor specifically disapproved the vesting of the
Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC at the close of
business on the last day of the Restricted Period without payment of any consideration by PNC. 
 7.5 Qualifying
Retirement. 
 (a) In the event that Grantee Retires on or after the first (1st) anniversary of the Award Date but prior to the third
(3rd) anniversary of the Award Date, Unvested Shares
will not be automatically forfeited on Grantee’s Termination Date. Instead, Unvested Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.5(b), remain outstanding pending and subject to affirmative approval
of the vesting of the Restricted Shares pursuant to this Section 7.5(a) by the Designated Person specified in Section A.12 of Annex A. 

 If such Unvested Shares are still outstanding but the Designated Person
has not made a specific determination to either approve or disapprove the vesting of the Unvested Shares by the day immediately preceding the third (3rd) anniversary of the Award Date, then the Restricted Period will be automatically extended through the first to
occur of: (1) the day the Designated Person makes a specific determination regarding such vesting; and (2) either (i) the ninetieth (90th) day following the third (3rd) anniversary of the Award Date, if the Designated Person is the Chief Human Resources Officer of PNC, or
(ii) the 180th day following such anniversary date if
the Designated Person is the Committee or its delegate, whichever is applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended
until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares is
affirmatively approved by the Designated Person on or prior to the last day of the Restricted Period, including any extension of the Restricted Period, if applicable, then the Three-Year Continued Employment Performance Goal will be deemed to have
been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if any, will terminate as of the end of the day on the date of such approval. The Restricted Shares outstanding at the termination of the Restricted
Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9. 
 (b) If the Designated
Person disapproves the vesting of the Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be
forfeited by Grantee to PNC on such disapproval date without payment of any consideration by PNC. 
 If by the end of the
Restricted Period, including any extension of the Restricted Period pursuant to the second paragraph of Section 7.5(a), if applicable, the Designated Person has neither affirmatively approved nor specifically disapproved the vesting of the
Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC at the close of
business on the last day of the Restricted Period without payment of any consideration by PNC. 
 7.6
Termination in Anticipation of a Change of Control. Notwithstanding anything in the Agreement to the contrary, if Grantee’s employment with the Corporation is terminated by the Corporation prior to the third (3rd) anniversary of the Award Date and such termination is
an Anticipatory Termination as defined in Section A.2 of Annex A, then: (i) the Three-Year Continued Employment Performance Goal will be deemed to have been achieved and the Restricted Period with respect to any then outstanding Unvested Shares
will terminate as of the end of the day on the day immediately preceding Grantee’s Termination Date; and (ii) all Restricted Shares that thereby become Awarded Shares will be released and reissued by PNC pursuant to Section 9 as soon
as administratively practicable following such date. 
 7.7 Other Committee Authority. Prior to the
third (3rd) anniversary of the Award Date, the
Committee or its delegate may in their sole discretion, but need not, determine that, with respect to some or all of Grantee’s outstanding Unvested Shares, the Three-Year Continued Employment Performance Goal will be deemed to have been
achieved and the Restricted Period with respect to such shares will terminate, all subject to such restrictions, terms or conditions as the Committee or its delegate may in their sole discretion determine. 
 8. Change of Control. Notwithstanding anything in the Agreement to the contrary, upon the occurrence of a Change of Control:
(i) if Grantee is an employee of the Corporation as of the day immediately preceding the Change of Control, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved and the Restricted Period will terminate with
respect to all then outstanding Unvested Shares, if any, as of the day immediately preceding the Change of Control; (ii) if Grantee’s employment with the Corporation terminated prior to the occurrence of the Change of Control

 
but the Unvested Shares remained outstanding after such termination of employment pursuant to Section 7.4 or Section 7.5 and are still outstanding pending and subject to affirmative
approval of the vesting of such shares by the Designated Person specified in Section A.12 of Annex A, then with respect to all Unvested Shares outstanding as of the day immediately preceding the Change of Control, such affirmative vesting
approval will be deemed to have been given, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved, and the Restricted Period will terminate, all as of the day immediately preceding the Change of Control; and
(iii) all Restricted Shares that thereby become Awarded Shares will be released and reissued by PNC pursuant to Section 9 as soon as administratively practicable following such date. 
 9. Termination of Restrictions; Payment to Legal Representative. Except as otherwise directed by the Committee pursuant to the
suspension or escrow provisions of Section 7.2(b), if and to the extent applicable, PNC will release and issue or reissue the outstanding whole Restricted Shares that have not been forfeited and have become Awarded Shares following termination
of the Restricted Period, without the legend referred to in Section 3. 
 Upon release of shares that have satisfied all of
the conditions of the Agreement and have become Awarded Shares in accordance with this Section 9, PNC or its designee will deliver such whole shares to, or at the proper direction of, Grantee or Grantee’s legal representative. 

Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative
shall extinguish all right to payment hereunder. 
 10. Payment of Taxes. 
 10.1 Internal Revenue Code Section 83(b) Election. In the event that Grantee makes an Internal Revenue Code Section 83(b)
election with respect to the Restricted Shares, Grantee shall satisfy all then applicable federal, state or local withholding tax obligations arising from that election (a) by payment of cash or (b) if and to the extent then permitted by
PNC and subject to such terms and conditions as PNC may from time to time establish, by physical delivery to PNC of certificates for whole shares of PNC common stock that are not subject to any contractual restriction, pledge or other encumbrance
and that have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or by a combination of cash and such stock. Any such tax
election shall be made pursuant to a form to be provided to Grantee by PNC on request. For purposes of this Section 10.1, shares of PNC common stock that are used to satisfy applicable withholding tax obligations will be valued at their Fair
Market Value on the date the tax withholding obligation arises. Grantee will provide to PNC a copy of any Internal Revenue Code Section 83(b) election filed by Grantee with respect to the Restricted Shares not later than ten (10) days
after the filing of such election. 
 10.2 Other Tax Liabilities. Where Grantee has not previously satisfied all
applicable withholding tax obligations, PNC will, at the time the tax withholding obligation arises, retain sufficient whole shares of PNC common stock from Restricted Shares that have become Awarded Shares to satisfy the minimum amount of taxes
then required to be withheld by the Corporation in connection with the Restricted Shares. For purposes of this Section 10.2, shares of PNC common stock retained to satisfy applicable withholding tax requirements will be valued at their Fair
Market Value on the date the tax withholding obligation arises. 
 PNC will not retain more than the number of shares sufficient
to satisfy the minimum amount of taxes then required to be withheld in connection with the Restricted Shares. If Grantee desires to have an additional amount withheld above the required minimum, up to Grantee’s W-4 obligation if higher, and if
PNC so permits, Grantee may elect to satisfy this additional withholding either: (a) by payment of cash; or (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish,
using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that
have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the

 
restrictions lapsed. Any such tax election shall be made pursuant to a form provided by PNC. Shares of PNC common stock that are used for this purpose will be valued at their Fair Market Value on
the date the tax withholding obligation arises. If Grantee’s W-4 obligation does not exceed the required minimum withholding in connection with the Restricted Shares, no additional withholding may be made. 
 11. Employment. Neither the Award and the issuance of the Restricted Shares nor any term or provision of the Agreement shall
constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Grantee for any period or in any way alter Grantee’s status as an employee at will. 
 12. Subject to the Plan and the Committee. In all respects the Award and the Agreement are subject to the terms and conditions of the
Plan, which has been made available to Grantee and is incorporated herein by reference; provided, however, the terms of the Plan shall not be considered an enlargement of any benefits under the Agreement. Further, the Award and the Agreement are
subject to any interpretation of, and any rules and regulations issued by, the Committee or its delegate or under the authority of the Committee, whether made or issued before or after the Award Date. 
 13. Headings; Entire Agreement. Headings used in the Agreement are provided for reference and convenience only, shall not be
considered part of the Agreement, and shall not be employed in the construction of the Agreement. The Agreement constitutes the entire agreement between Grantee and PNC and supersedes all other discussions, negotiations, correspondence,
representations, understandings and agreements between the parties with respect to the subject matter hereof. 
 14. Grantee
Covenants. 
 14.1 General. Grantee and PNC acknowledge and agree that Grantee has received adequate consideration
with respect to enforcement of the provisions of Sections 14 and 15 by virtue of receiving this Award (regardless of whether the Restricted Shares ultimately become Awarded Shares); that such provisions are reasonable and properly required for
the adequate protection of the business of PNC and its subsidiaries; and that enforcement of such provisions will not prevent Grantee from earning a living. 
 14.2 Non-Solicitation; No-Hire. Grantee agrees to comply with the provisions of subsections (a) and (b) of this Section 14.2 while employed by the Corporation and for a period of one
year after Grantee’s Termination Date regardless of the reason for such termination of employment. 
 (a)
Non-Solicitation. Grantee shall not, directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, solicit, call on, do business with, or
actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any Person that Grantee should reasonably know (i) is a customer of PNC or any subsidiary for which PNC or any subsidiary
provides any services as of the Termination Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve (12) months preceding the Termination Date, or
(iii) was, as of the Termination Date, considering retention of PNC or any subsidiary to provide any services. 
 (b)
No-Hire. Grantee shall not, directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, employ or offer to employ, call on, or actively
interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall Grantee assist any other Person in such activities. 
 Notwithstanding the above, if Grantee’s employment with the Corporation is terminated by the Corporation and such termination is an
Anticipatory Termination, then commencing immediately after such Termination Date, the provisions of subsections (a) and (b) of this Section 14.2 will no longer apply and will be replaced with the following subsection (c): 

(c) No-Hire. Grantee agrees that Grantee shall not, for a period of one year after the Termination Date, employ or offer to
employ, solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 

 14.3 Confidentiality. During Grantee’s employment with the Corporation, and
thereafter regardless of the reason for termination of such employment, Grantee will not disclose or use in any way any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the
exclusive and valuable property of the Corporation whether or not conceived of or prepared by Grantee, other than (a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the
course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative agency or applicable law, or (d) with the prior written consent of PNC. 
 14.4 Ownership of Inventions. Grantee shall promptly and fully disclose to PNC any and all inventions, discoveries, improvements,
ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Grantee during the term of Grantee’s employment with the Corporation, whether alone or with others,
and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time, material, facilities or other resources of PNC or any subsidiary
(“Developments”). Grantee agrees to assign and hereby does assign to PNC or its designee all of Grantee’s right, title and interest, including copyrights and patent rights, in and to all Developments. Grantee shall perform all actions
and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations of this Section 14.4 shall be performed by Grantee without further
compensation and will continue beyond the Termination Date. 
 15. Enforcement Provisions. Grantee understands and agrees
to the following provisions regarding enforcement of the Agreement. 
 15.1 Governing Law and Jurisdiction. The Agreement
is governed by and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought
exclusively in the federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Grantee and PNC hereby consent to the exclusive jurisdiction of such courts,
and waive any right to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 15.2 Equitable Remedies. A breach of the provisions of any of Sections 14.2, 14.3 or 14.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of
immediate, as well as permanent, injunctive relief restraining Grantee, and each and every person and entity acting in concert or participating with Grantee, from initiation and/or continuation of such breach. 
 15.3 Tolling Period. If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of
Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

 15.4 No Waiver. Failure of PNC to demand strict compliance with any of the terms, covenants or conditions of the
Agreement will not be deemed a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of such term,
covenant or condition. 
 15.5 Severability. The restrictions and obligations imposed by Sections 14.2, 14.3 and 14.4 are
separate and severable, and it is the intent of Grantee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions,
restrictions and obligations will remain valid and binding upon Grantee. 

 15.6 Reform. In the event any of Sections 14.2, 14.3 and 14.4 are determined by a
court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Grantee and PNC that said court reduce and reform the provisions thereof so as to
apply the greatest limitations considered enforceable by the court. 
 15.7 Waiver of Jury Trial. Each of Grantee and PNC
hereby waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 14.2, 14.3 and 14.4. 
 15.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law,
including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Grantee,
Grantee agrees to reimburse PNC for any amounts Grantee may be required to reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition of
the Agreement to the extent that doing so would require that Grantee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
 15.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Award and the Agreement
comply with the provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent.

 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation
under the provisions of Section 409A, Grantee agrees that PNC may, without the consent of Grantee, modify the Agreement and the Award to the extent and in the manner PNC deems necessary or advisable or take such other action or actions,
including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide
such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 16. Acceptance of Award; PNC Right to Cancel. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any
way, within thirty (30) days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of a copy of the Agreement executed by
Grantee. Otherwise, upon execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Date and the Restricted Shares will be issued as soon thereafter as administratively practicable. 
 Grantee will not have any of the rights of a shareholder with respect to the Restricted Shares as set forth in Section 4, and will not
have the right to vote or to receive dividends in connection with such shares, until the date the Agreement is effective and the Restricted Shares are issued in accordance with this Section 16. 
 In the event that one or more record dates for dividends on PNC common stock occur after the Award Date but before the Agreement is
effective in accordance with this Section 16 and the Restricted Shares are issued, then upon the effectiveness of the Agreement, the Corporation will make a cash payment to Grantee equivalent to the amount of the dividends Grantee would have
received had the Restricted Shares been issued on the Award Date. Any such amount will be payable in accordance with applicable regular payroll practice as in effect from time to time for similarly situated employees. 

 IN WITNESS WHEREOF, PNC has caused the
Agreement to be signed on its behalf as of the Award Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary
	
	ACCEPTED AND AGREED TO by GRANTEE
	
	  

	Grantee

 ANNEX A 
 CERTAIN DEFINITIONS 
 * * * 
 A.1 “Agreement,” “Award,” and “Award Date.”
“Agreement” means the Restricted Stock Award Agreement between PNC and Grantee evidencing the Award made to Grantee pursuant to the Plan. “Award” means the Award made to Grantee pursuant to the Plan and evidenced by the
Agreement. “Award Date” means the Award Date set forth on page 1 of the Agreement and is the date as of which the Restricted Shares are authorized to be granted by the Committee or its delegate in accordance with the Plan. 
 A.2 “Anticipatory Termination.” If Grantee’s employment with the Corporation is terminated by the Corporation other
than for Cause, death or Disability prior to the date on which a Change of Control occurs, and if it is reasonably demonstrated by Grantee that such termination of employment (i) was at the request of a third party that has taken steps
reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, such a termination of employment is an “Anticipatory Termination.” 
 For purposes of this definition, “Cause” shall mean: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Grantee by the Board or the CEO which specifically identifies the manner in which the Board or the CEO believes
that Grantee has not substantially performed Grantee’s duties; or 
 (b) the willful engaging by Grantee in illegal conduct
or gross misconduct that is materially and demonstrably injurious to PNC or any of its subsidiaries. 

 For purposes of the preceding clauses (a) and (b), no act or failure to act, on the
part of Grantee, shall be considered willful unless it is done, or omitted to be done, by Grantee in bad faith and without reasonable belief that Grantee’s action or omission was in the best interests of the Corporation. Any act, or failure to
act, based upon the instructions or prior approval of the Board, the CEO or Grantee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Grantee in good faith
and in the best interests of the Corporation. 
 The cessation of employment of Grantee will be deemed to be a termination of
Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when there shall have been delivered to Grantee, as part of the notice of Grantee’s termination, a copy of a resolution duly adopted by the
affirmative vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the good faith
opinion of the Board, Grantee is guilty of conduct described in clause (a) or clause (b) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be adopted only after (i) reasonable notice of
such Board meeting is provided to Grantee, together with written notice that PNC believes that Grantee is guilty of conduct described in clause (a) or clause (b) above and, in either case, specifying the particulars thereof in detail, and
(ii) Grantee is given an opportunity, together with counsel, to be heard before the Board. 
 A.3 “Awarded
Shares.” Provided that the Restricted Shares are then outstanding and have not been forfeited, Restricted Shares become “Awarded Shares” when all of the following have occurred: (a) the Three-Year Continued Employment
Performance Goal has been achieved or is deemed to have been achieved pursuant to the terms of the Agreement; (b) the Restricted Period has terminated; and (c) if the Committee has acted to suspend the vesting of the Restricted Shares
pursuant to Section 7.2(b) of the Agreement, the terms of such suspension have been satisfied and the Restricted Shares have not been forfeited. 
 A.4 “Board” means the Board of Directors of PNC. 
 A.5
“Cause.” Except as otherwise provided in Section A.2, “Cause” means: 
 (a) the willful and continued
failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to
Grantee by PNC that specifically identifies the manner in which it is believed that Grantee has not substantially performed Grantee’s duties; 
 (b) a material breach by Grantee of (1) any code of conduct of PNC or one of its subsidiaries or (2) other written policy of PNC or a subsidiary, in either case required by law or established to
maintain compliance with applicable law; 
 (c) any act of fraud, misappropriation, material dishonesty, or embezzlement by
Grantee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (d) any conviction
(including a plea of guilty or of nolo contendere) of Grantee for, or entry by Grantee into a pre-trial disposition with respect to, the commission of a felony; or 
 (e) entry of any order against Grantee, by any governmental body having regulatory authority with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Grantee’s
employment or other service relationship with the Corporation. 
 Except as otherwise provided in Section A.2, the cessation of
employment of Grantee will be deemed to have been a termination of Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Grantee is the CEO, the Board)
determines that Grantee is guilty of conduct described in clause (a), (b) or (c) above or that an event described in clause (d) or (e) above has occurred with respect to Grantee and, if so, determines that the termination of
Grantee’s employment with the Corporation will be deemed to have been for Cause. 

 A.6 “CEO” means the chief executive officer of PNC. 
 A.7 “Change of Control” means: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the
combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.7(a), the
following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or
any company controlled by, controlling or under common control with PNC (an “Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.7(c)) or (5) an acquisition of beneficial
ownership representing between 20% and 40%, inclusive, of the Outstanding PNC Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition
approves such acquisition either prior to or immediately after its occurrence; 
 (b) Individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was
a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) Consummation
of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or
stock of another entity by PNC or any of its subsidiaries (each, a “Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners
of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a
non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may
be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an
“Excluded Combination”); or 
 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of
PNC. 
 A.8 “Committee” means the Personnel and Compensation Committee of the Board or such person or persons
as may be designated or appointed by that committee as its delegate or designee. 
 A.9 “Competitive Activity”
means any participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (a) engaged in business activities similar to
some or all of the business activities of PNC or any subsidiary as of Grantee’s Termination Date or (b) engaged in business activities which Grantee knows PNC or any subsidiary intends to enter within the first twelve (12) months
after Grantee’s

 
Termination Date or, if later and if applicable, after the date specified in clause (ii) of Section A.13(a), in either case whether Grantee is acting as agent, consultant, independent
contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.10 “Consolidated Subsidiary” means a corporation, bank, partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated
subsidiary of PNC under generally accepted accounting principles and (2) satisfies the definition of “service recipient” under Section 409A of the Internal Revenue Code. 
 A.11 “Corporation” means PNC and its Consolidated Subsidiaries. 
 A.12 “Designated Person” will be either: (a) the Committee or its delegate, if Grantee was a member of the Corporate
Executive Group (or equivalent successor classification) or was subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to PNC securities when he or she ceased to be an employee of the Corporation; or
(b) the Chief Human Resources Officer of PNC, if Grantee is not within one of the groups specified in Section A.12(a). 
 A.13 “Detrimental Conduct” means: 
 (a) Grantee has engaged, without the prior
written consent of PNC (with consent to be given at PNC’s sole discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Grantee’s Termination Date and extending through (and
including) the first (1st) anniversary of the later
of (i) Grantee’s Termination Date and, if different, (ii) the first date after Grantee’s Termination Date as of which Grantee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC
or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or any
entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 Grantee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the Committee (if Grantee was
an “executive officer” of PNC as defined in SEC Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO or his or her designee (if Grantee was not such an executive officer), whichever is applicable,
determines that Grantee has engaged in conduct described in clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Grantee, and, if so, determines that Grantee will be deemed to have
engaged in Detrimental Conduct. 
 A.14 “Disabled” or “Disability” means, except as may
otherwise be required by Section 409A of the Internal Revenue Code, that Grantee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Grantee has been determined to be eligible for
Social Security disability benefits, Grantee shall be presumed to be Disabled as defined herein. 
 A.15 “Fair Market
Value” as it relates to a share of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC
common stock on such date, or, if no PNC common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 

 A.16 “GAAP” or “generally accepted accounting principles” means
accounting principles generally accepted in the United States of America. 
 A.17 “Grantee” means the person to
whom the Restricted Stock Award is granted, and is identified as Grantee on page 1 of the Agreement. 
 A.18 “Internal
Revenue Code” means the Internal Revenue Code of 1986 as amended, and the rules and regulations promulgated thereunder. 
 A.19 “PNC” means The PNC Financial Services Group, Inc. 
 A.20
“Restricted Period” means, subject to early termination if so determined by the Committee or its delegate or pursuant to Section 7.6 of the Agreement, if applicable, the period from the Award Date through (and including) the
earlier of: (a) the date of Grantee’s death; (b) the day immediately preceding the day a Change of Control is deemed to have occurred; and (c) the day immediately preceding the third (3rd) anniversary of the Award Date or, if later, the last day of
any extension of the Restricted Period pursuant to Section 7.4(a) or Section 7.5(a) of the Agreement, if applicable. 
 A.21 “Retire” or “Retirement” means termination of Grantee’s employment with the Corporation at any time and for any reason (other than termination by reason of Grantee’s death or by the Corporation for
Cause and, if the Committee or the CEO or his or her designee so determines prior to such divestiture, other than by reason of termination in connection with a divestiture of assets or a divestiture of one or more subsidiaries of the Corporation) on
or after the first date on which Grantee has both attained at least age fifty-five (55) and completed five (5) years of service, where a year of service is determined in the same manner as the determination of a year of vesting service
calculated under the provisions of The PNC Financial Services Group, Inc. Pension Plan. 
 A.22 “Retiree” means
a Grantee who has Retired. 
 A.23 “SEC” means the United States Securities and Exchange Commission.

 A.24 “Service relationship” or “having a service relationship with the Corporation” means
being engaged by the Corporation in any capacity for which Grantee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory
director. 
 A.25 “Termination Date” means Grantee’s last date of employment with the Corporation. If
Grantee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles and Grantee does not continue to be employed by PNC or a
Consolidated Subsidiary, then for purposes of the Agreement, Grantee’s employment with the Corporation terminates effective at the time this occurs. 
 A.26 “Three-Year Continued Employment Performance Goal” means, subject to early achievement if so
determined by the Committee or its delegate or to deemed achievement pursuant to Section 7.3, Section 7.4, Section 7.5, Section 7.6, or Section 8 of the Agreement, if applicable, that Grantee has been continuously employed
by the Corporation for the period from the Award Date through (and including) the day immediately preceding the first of the following to occur: (a) the third (3rd) anniversary of the Award Date; (b) the date of Grantee’s death; and (c) the day a Change of
Control is deemed to have occurred. 
 A.27 “Unvested Shares” means any Restricted Shares that are outstanding
but have not yet become Awarded Shares in accordance with the terms of the Agreement. 

 Restricted Stock Award 
 Continued Employment Performance Goal 
 Restricted Period: Three Years (100%) 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 * * * 
 RESTRICTED STOCK AWARD AGREEMENT 
 * * * 

			
	GRANTEE:	  	< name >
		
	AWARD DATE:	  	                    ,
20    
		
	ISSUANCE DATE:	  	                    ,
20    
		
	RESTRICTED SHARES:	  	< number of whole shares>

  
  
 1. Definitions. Certain terms
used in this Restricted Stock Award Agreement (the “Agreement”) are defined in Annex A (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context
otherwise indicates. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and
“Corporation” means PNC and its Consolidated Subsidiaries. 
 2. Restricted Shares Award. Pursuant to The PNC
Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”), and subject to the terms and conditions of the Agreement, PNC grants to the Grantee named above (“Grantee”) a Restricted Shares Award of the number of
restricted shares of PNC common stock set forth above (the “Award” and the “Restricted Shares”), all subject to acceptance of the Award by Grantee in accordance with Section 16 and subject to the terms and conditions of the
Agreement and the Plan. 
 3. Terms of Award. The Award is subject to the following terms and conditions. 
 Restricted Shares are subject to a Restricted Period as provided in Section A.21 of Annex A. During the Restricted Period and until all
of the conditions of the Agreement have been satisfied and the shares become Awarded Shares, Restricted Shares are subject to forfeiture and to transfer restrictions pursuant to the terms and conditions of the Agreement. 
 Once issued in accordance with Section 16, Restricted Shares will be deposited with PNC or its designee in a restricted account or
credited to a restricted book-entry account. Restricted Shares will be held in a restricted account until either all of the conditions of the Agreement have been satisfied or the shares are forfeited pursuant to the terms of the Agreement.
Restricted Shares that are forfeited by Grantee pursuant to and in accordance with the terms of Section 7 will be cancelled without payment of any consideration by PNC. 
 Any certificate or certificates representing the Restricted Shares will contain the following legend: 
 “This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and
restrictions against transfer) contained in The PNC Financial Services Group, Inc. 2006 Incentive Award Plan and an Agreement entered into between the registered owner and The PNC Financial Services Group, Inc. Release from such terms and conditions
will

 
be made only in accordance with the provisions of such Plan and such Agreement, a copy of each of which is on file in the office of the Corporate Secretary of The PNC Financial Services Group,
Inc.” 
 Where a book-entry system is used with respect to the issuance of Restricted Shares, appropriate notation of such
forfeiture possibility and transfer restrictions will be made on the system with respect to the account or accounts to which the Restricted Shares are credited. 
 Restricted Shares deposited with PNC or its designee that become Awarded Shares as provided in Section A.3 of Annex A upon satisfaction of all of the conditions of the Agreement will be released from the
restricted account and reissued to, or at the proper direction of, Grantee or Grantee’s legal representative pursuant to Section 9. 
 4. Rights as Shareholder. Except as provided in Sections 6 through 9 and subject to Section 7.6(b), if applicable, and to Section 16, Grantee will have all the rights and privileges of a
shareholder with respect to the Restricted Shares from and after the Issuance Date including, but not limited to, the right to vote the Restricted Shares and the right to receive dividends thereon if and when declared by the Board; provided,
however, that all such rights and privileges will cease immediately upon any forfeiture of such shares. 
 5. Capital
Adjustments. Restricted Shares issued pursuant to the Award shall, as issued and outstanding shares of PNC common stock, be subject to such adjustment as may be necessary to reflect corporate transactions, including, without limitation, stock
dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC; provided, however, that any shares received as distributions on or in exchange for Restricted Shares that have not yet been
released from the terms of the Agreement shall be subject to the terms and conditions of the Agreement as if they were Restricted Shares. 
 6. Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. 
 (a) Restricted Shares may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered, other than as may be required pursuant to Section 10.2, unless and until the Restricted Period terminates and the
Awarded Shares are released and reissued by PNC pursuant to Section 9. 
 (b) If Grantee is deceased at the time Restricted
Shares become Awarded Shares, PNC will deliver such shares to the executor or administrator of Grantee’s estate or to Grantee’s other legal representative as determined in good faith by the Committee. 
 (c) Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal
representative shall extinguish all right to payment hereunder. 
 7. Forfeiture Provisions. 
 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, Section 7.8, or Section 8, if applicable, in the event that Grantee’s employment with the Corporation terminates prior to the third (3
rd) anniversary of the Award Date, all Restricted
Shares that are Unvested Shares on Grantee’s Termination Date will be forfeited by Grantee to PNC without payment of any consideration by PNC. 
 Upon any forfeiture of Unvested Shares pursuant to the provisions of this Section 7.1 or the provisions of Section 7.2, Section 7.4(b), Section 7.5(b) or Section 7.6(c), neither
Grantee nor any successors, heirs, assigns or legal representatives of Grantee will thereafter have any further rights or interest in such Unvested Shares or any certificate or certificates representing such Unvested Shares. 

 7.2 Detrimental Conduct; Judicial Criminal Proceedings. 
 (a) Detrimental Conduct. Unvested Shares that would otherwise remain outstanding after Grantee’s Termination Date, if any, will
be forfeited by Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior to the date such shares become Awarded Shares, PNC determines that Grantee has engaged in Detrimental Conduct; provided, however, that:
(i) this Section 7.2(a) will not apply to Restricted Shares that remain outstanding after Grantee’s Termination Date pursuant to Section 7.3 or Section 7.7, if any; (ii) no determination that Grantee has engaged in
Detrimental Conduct may be made on or after the date of Grantee’s death; (iii) Detrimental Conduct will not apply to conduct by or activities of successors to the Restricted Shares by will or the laws of descent and distribution in the
event of Grantee’s death; and (iv) Detrimental Conduct will cease to apply to any Restricted Shares upon a Change of Control. 
 (b) Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the
commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation, then to the extent that the Restricted Shares are still outstanding and have not yet become Awarded Shares, the
Committee may determine to suspend the vesting of the Restricted Shares or to require the escrow of the proceeds of the shares. 
 Any such suspension or escrow is subject to the following restrictions: 
 (1) It may last only until the earliest to
occur of the following: 
 (A) resolution of the criminal proceedings in a manner that results in a conviction (including a plea
of guilty or of nolo contendere) of Grantee for, or any entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the
Corporation; 
 (B) resolution of the criminal proceedings in one of the following ways: (i) the charges as they relate to
such alleged felony have been dismissed (with or without prejudice); (ii) Grantee has been acquitted of such alleged felony; or (iii) a criminal proceeding relating to such alleged felony has been completed without resolution (for example,
as a result of a mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 
 (C) Grantee’s death; 
 (D) the occurrence of a Change of Control; or

 (E) termination of the suspension or escrow in the discretion of the Committee; and 
 (2) It may be imposed only if the Committee makes reasonable provision for the retention or realization of the value of the Restricted
Shares to Grantee as if no suspension or escrow had been imposed upon any termination of the suspension or escrow under clauses (1)(B) or (E) above. 
 If the suspension is terminated by the occurrence of an event set forth in clause (1)(A) above, the Restricted Shares will, upon such occurrence, be automatically forfeited by Grantee to PNC and
cancelled without payment of any consideration by PNC. 
 7.3 Death. In the event of Grantee’s
death while an employee of the Corporation and prior to the third (3rd) anniversary of the Award Date, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved, and the Restricted Period with respect to all then outstanding Unvested
Shares, if any, will terminate on the date of Grantee’s death. 

 The Restricted Shares which thereby become Awarded Shares will be released and reissued by
PNC to, or at the proper direction of, Grantee’s legal representative pursuant to Section 9 as soon as administratively practicable following such date. 
 7.4 Qualifying Disability Termination. 
 (a) In the
event Grantee’s employment with the Corporation is terminated prior to the third (3rd) anniversary of the Award Date by the Corporation by reason of Grantee’s Disability, Unvested Shares will not be automatically forfeited on Grantee’s Termination Date. Instead, Unvested
Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.4(b), remain outstanding pending and subject to affirmative approval of the vesting of the Restricted Shares pursuant to this Section 7.4(a) by the
Designated Person specified in Section A.12 of Annex A. 
 If such Unvested Shares are still outstanding but
the Designated Person has not made a specific determination to either approve or disapprove the vesting of the Unvested Shares by the day immediately preceding the third (3rd) anniversary of the Award Date, then the Restricted Period will be automatically extended through the first to
occur of: (1) the day the Designated Person makes a specific determination regarding such vesting; and (2) either (i) the ninetieth (90th) day following the third (3rd) anniversary of the Award Date, if the Designated Person is the Chief Human Resources Officer of PNC, or
(ii) the 180th day following such anniversary date if
the Designated Person is the Committee or its delegate, whichever is applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended
until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares is
affirmatively approved by the Designated Person on or prior to the last day of the Restricted Period, including any extension of the Restricted Period, if applicable, then the Three-Year Continued Employment Performance Goal will be deemed to have
been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if any, will terminate as of the end of the day on the date of such approval. The Restricted Shares outstanding at the termination of the Restricted
Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9. 
 (b) If the Designated
Person disapproves the vesting of the Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be
forfeited by Grantee to PNC on such disapproval date without payment of any consideration by PNC. 
 If by the end of the
Restricted Period, including any extension of the Restricted Period pursuant to the second paragraph of Section 7.4(a), if applicable, the Designated Person has neither affirmatively approved nor specifically disapproved the vesting of the
Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC at the close of
business on the last day of the Restricted Period without payment of any consideration by PNC. 
 7.5 Qualifying
Retirement. 
 (a) In the event that Grantee Retires prior to the third (3rd) anniversary of the Award Date, Unvested Shares will not be
automatically forfeited on Grantee’s Termination Date. Instead, Unvested Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.5(b), remain outstanding pending and subject to affirmative approval of the
vesting of the Restricted Shares pursuant to this Section 7.5(a) by the Designated Person specified in Section A.12 of Annex A. 
 If such Unvested Shares are still outstanding but the Designated Person has not made a specific determination to either approve or disapprove the vesting of the Unvested Shares by the day immediately
preceding the third (3rd) anniversary of the Award
Date, then the Restricted Period will be automatically extended through the first to occur of: (1) the day the Designated Person makes a specific determination

 
regarding such vesting; and (2) either (i) the ninetieth (90th) day following the third (3rd) anniversary of the Award Date, if the Designated Person is the Chief Human Resources Officer of PNC, or
(ii) the 180th day following such anniversary date if
the Designated Person is the Committee or its delegate, whichever is applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended
until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares is
affirmatively approved by the Designated Person on or prior to the last day of the Restricted Period, including any extension of the Restricted Period, if applicable, then the Three-Year Continued Employment Performance Goal will be deemed to have
been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if any, will terminate as of the end of the day on the date of such approval. The Restricted Shares outstanding at the termination of the Restricted
Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9. 
 (b) If the Designated
Person disapproves the vesting of the Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be
forfeited by Grantee to PNC on such disapproval date without payment of any consideration by PNC. 
 If by the end of the
Restricted Period, including any extension of the Restricted Period pursuant to the second paragraph of Section 7.5(a), if applicable, the Designated Person has neither affirmatively approved nor specifically disapproved the vesting of the
Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC at the close of
business on the last day of the Restricted Period without payment of any consideration by PNC. 
 7.6 Qualifying Displacement
Benefits Plan Termination. 
 (a) In the event that Grantee’s employment with the Corporation is
terminated prior to the third (3rd) anniversary of
the Award Date by the Corporation and Grantee is offered and has entered into the standard Waiver and Release Agreement with PNC or a Consolidated Subsidiary under an applicable PNC or Consolidated Subsidiary Displacement Benefits Plan, or any
successor plan by whatever name known (“Displacement Benefits Plan”), or Grantee is offered and has entered into a similar waiver and release agreement between PNC or a Consolidated Subsidiary and Grantee pursuant to the terms of an
agreement or arrangement entered into by PNC or a Consolidated Subsidiary and Grantee in lieu of or in addition to the Displacement Benefits Plan, then Unvested Shares will not be automatically forfeited on Grantee’s Termination Date. Instead,
Unvested Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.6(c), remain outstanding pending and subject to affirmative approval of the vesting of the Restricted Shares pursuant to this Section 7.6(a) by
the Designated Person specified in Section A.12 of Annex A, provided that Grantee does not revoke such waiver and release agreement within the time for revocation of such waiver and release agreement by Grantee. 
 If such Unvested Shares are still outstanding but the Designated Person has not made a specific determination to either
approve or disapprove the vesting of the Unvested Shares by the day immediately preceding the third (3rd) anniversary of the Award Date, then the Restricted Period will be automatically extended through the first to occur of: (1) the day the Designated Person makes a specific determination
regarding such vesting; and (2) either (i) the ninetieth (90th) day following the third (3rd) anniversary of the Award Date, if the Designated Person is the Chief Human Resources Officer of PNC, or (ii) the 180th day following such anniversary date if the Designated Person is the Committee or its delegate, whichever is
applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares is affirmatively approved by the Designated Person on or prior to the last day of the
Restricted Period, including any extension of the Restricted Period,

 
if applicable, then the Three-Year Continued Employment Performance Goal will be deemed to have been achieved, and the Restricted Period with respect to all then outstanding Unvested Shares, if
any, will terminate as of the end of the day on the date of such approval. The Restricted Shares outstanding at the termination of the Restricted Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9.

 (b) In the event that the record date for any dividend payable with respect to the Unvested Shares occurs on or after
Grantee’s Termination Date but prior to the lapse of the time for revocation by Grantee of the waiver and release agreement specified in the first paragraph of Section 7.6(a), then such dividend will be held, without interest, pending and
subject to satisfaction of the condition of Section 7.6(a) that Grantee enter into the offered waiver and release agreement and not revoke such waiver and release agreement within the time for revocation of such agreement by Grantee. In the
event that this condition is not met, any dividend being held pending and subject to satisfaction of such condition will be forfeited by Grantee to PNC without payment of any consideration by PNC. 
 (c) If (i) Grantee does not enter into, or enters into but revokes, the waiver and release agreement specified in the first paragraph
of Section 7.6(a) or (ii) the Designated Person disapproves the vesting of the Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to the non-revocation of, and the lapse of the time
within which Grantee may revoke, such waiver and release agreement and pending and subject to affirmative approval of the vesting of such shares, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC on the
date such failure to satisfy the conditions of Section 7.6(a) occurs without payment of any consideration by PNC. 
 If, by
the end of the Restricted Period, including any extension of the Restricted Period pursuant to the second paragraph of Section 7.6(a), if applicable, such Unvested Shares are still outstanding but the Designated Person has neither affirmatively
approved nor specifically disapproved the vesting of such shares, then all such Unvested Shares will be forfeited by Grantee to PNC at the close of business on the last day of the Restricted Period without payment of any consideration by PNC.

 7.7 Termination in Anticipation of a Change of Control. Notwithstanding anything in the Agreement
to the contrary, if Grantee’s employment with the Corporation is terminated by the Corporation prior to the third (3rd) anniversary of the Award Date and such termination is an Anticipatory Termination as defined in Section
A.2 of Annex A, then: (i) the Three-Year Continued Employment Performance Goal will be deemed to have been achieved and the Restricted Period with respect to any then outstanding Unvested Shares will terminate as of the end of the day on the
day immediately preceding Grantee’s Termination Date; and (ii) all Restricted Shares that thereby become Awarded Shares will be released and reissued by PNC pursuant to Section 9 as soon as administratively practicable following such
date. 
 7.8 Other Committee Authority. Prior to the third (3rd) anniversary of the Award Date, the Committee or its delegate
may in their sole discretion, but need not, determine that, with respect to some or all of Grantee’s outstanding Unvested Shares, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved and the Restricted
Period with respect to such shares will terminate, all subject to such restrictions, terms or conditions as the Committee or its delegate may in their sole discretion determine. 
 8. Change of Control. Notwithstanding anything in the Agreement to the contrary, upon the occurrence of a Change of Control:
(i) if Grantee is an employee of the Corporation as of the day immediately preceding the Change of Control, the Three-Year Continued Employment Performance Goal will be deemed to have been achieved and the Restricted Period will terminate with
respect to all then outstanding Unvested Shares, if any, as of the day immediately preceding the Change of Control; (ii) if Grantee’s employment with the Corporation terminated prior to the occurrence of the Change of Control but the
Unvested Shares remained outstanding after such termination of employment pursuant to Section 7.4, Section 7.5 or Section 7.6 and are still outstanding pending and subject to affirmative approval of the vesting of such shares by the
Designated Person specified in Section A.12 of Annex A, then with respect to all Unvested Shares outstanding as of the day immediately preceding the Change of Control, such affirmative vesting approval will be deemed to have been given, the
Three-Year Continued Employment

 
Performance Goal will be deemed to have been achieved, and the Restricted Period will terminate, all as of the day immediately preceding the Change of Control, provided, however, in the case of
Unvested Shares that remained outstanding post-employment solely pursuant to Section 7.6(a), that Grantee entered into and does not revoke the waiver and release agreement specified in Section 7.6(a); and (iii) all Restricted Shares
that thereby become Awarded Shares will be released and reissued by PNC pursuant to Section 9 as soon as administratively practicable following such date. 
 9. Termination of Restrictions; Payment to Legal Representative. Except as otherwise directed by the Committee pursuant to the suspension or escrow provisions of Section 7.2(b), if and to the
extent applicable, PNC will release and issue or reissue the outstanding whole Restricted Shares that have not been forfeited and have become Awarded Shares following termination of the Restricted Period, without the legend referred to in
Section 3. 
 Upon release of shares that have satisfied all of the conditions of the Agreement and have become Awarded
Shares in accordance with this Section 9, PNC or its designee will deliver such whole shares to, or at the proper direction of, Grantee or Grantee’s legal representative. 
 Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative
shall extinguish all right to payment hereunder. 
 10. Payment of Taxes. 
 10.1 Internal Revenue Code Section 83(b) Election. In the event that Grantee makes an Internal Revenue Code Section 83(b)
election with respect to the Restricted Shares, Grantee shall satisfy all then applicable federal, state or local withholding tax obligations arising from that election (a) by payment of cash or (b) if and to the extent then permitted by
PNC and subject to such terms and conditions as PNC may from time to time establish, by physical delivery to PNC of certificates for whole shares of PNC common stock that are not subject to any contractual restriction, pledge or other encumbrance
and that have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or by a combination of cash and such stock. Any such tax
election shall be made pursuant to a form to be provided to Grantee by PNC on request. For purposes of this Section 10.1, shares of PNC common stock that are used to satisfy applicable withholding tax obligations will be valued at their Fair
Market Value on the date the tax withholding obligation arises. Grantee will provide to PNC a copy of any Internal Revenue Code Section 83(b) election filed by Grantee with respect to the Restricted Shares not later than ten (10) days
after the filing of such election. 
 10.2 Other Tax Liabilities. Where Grantee has not previously satisfied all
applicable withholding tax obligations, PNC will, at the time the tax withholding obligation arises, retain sufficient whole shares of PNC common stock from Restricted Shares that have become Awarded Shares to satisfy the minimum amount of taxes
then required to be withheld by the Corporation in connection with the Restricted Shares. For purposes of this Section 10.2, shares of PNC common stock retained to satisfy applicable withholding tax requirements will be valued at their Fair
Market Value on the date the tax withholding obligation arises. 
 PNC will not retain more than the number of shares sufficient
to satisfy the minimum amount of taxes then required to be withheld in connection with the Restricted Shares. If Grantee desires to have an additional amount withheld above the required minimum, up to Grantee’s W-4 obligation if higher, and if
PNC so permits, Grantee may elect to satisfy this additional withholding either: (a) by payment of cash; or (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may from time to time establish,
using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that
have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed. Any such tax election shall be made pursuant to a form provided by
PNC. Shares of PNC common stock that are used for this purpose will be valued at their Fair Market Value on the date the tax withholding obligation arises. If Grantee’s W-4 obligation does not exceed the required minimum withholding in
connection with the Restricted Shares, no additional withholding may be made. 

 11. Employment. Neither the Award and the issuance of the Restricted Shares nor any
term or provision of the Agreement shall constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Grantee for any period or in any way alter Grantee’s status as an employee at will.

 12. Subject to the Plan and the Committee. In all respects the Award and the Agreement are subject to the terms and
conditions of the Plan, which has been made available to Grantee and is incorporated herein by reference; provided, however, the terms of the Plan shall not be considered an enlargement of any benefits under the Agreement. Further, the Award and the
Agreement are subject to any interpretation of, and any rules and regulations issued by, the Committee or its delegate or under the authority of the Committee, whether made or issued before or after the Award Date. 
 13. Headings; Entire Agreement. Headings used in the Agreement are provided for reference and convenience only, shall not be
considered part of the Agreement, and shall not be employed in the construction of the Agreement. The Agreement constitutes the entire agreement between Grantee and PNC and supersedes all other discussions, negotiations, correspondence,
representations, understandings and agreements between the parties with respect to the subject matter hereof. 
 14. Grantee
Covenants. 
 14.1 General. Grantee and PNC acknowledge and agree that Grantee has received adequate consideration
with respect to enforcement of the provisions of Sections 14 and 15 by virtue of receiving this Award (regardless of whether the Restricted Shares ultimately become Awarded Shares); that such provisions are reasonable and properly required for
the adequate protection of the business of PNC and its subsidiaries; and that enforcement of such provisions will not prevent Grantee from earning a living. 
 14.2 Non-Solicitation; No-Hire. Grantee agrees to comply with the provisions of subsections (a) and (b) of this Section 14.2 while employed by the Corporation and for a period of one
year after Grantee’s Termination Date regardless of the reason for such termination of employment. 
 (a)
Non-Solicitation. Grantee shall not, directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, solicit, call on, do business with, or
actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any Person that Grantee should reasonably know (i) is a customer of PNC or any subsidiary for which PNC or any subsidiary
provides any services as of the Termination Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve (12) months preceding the Termination Date, or
(iii) was, as of the Termination Date, considering retention of PNC or any subsidiary to provide any services. 
 (b)
No-Hire. Grantee shall not, directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, employ or offer to employ, call on, or actively
interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall Grantee assist any other Person in such activities. 
 Notwithstanding the above, if Grantee’s employment with the Corporation is terminated by the Corporation and such termination is an
Anticipatory Termination, then commencing immediately after such Termination Date, the provisions of subsections (a) and (b) of this Section 14.2 will no longer apply and will be replaced with the following subsection (c): 

(c) No-Hire. Grantee agrees that Grantee shall not, for a period of one year after the Termination Date, employ or offer to
employ, solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 

 14.3 Confidentiality. During Grantee’s employment with the Corporation, and
thereafter regardless of the reason for termination of such employment, Grantee will not disclose or use in any way any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the
exclusive and valuable property of the Corporation whether or not conceived of or prepared by Grantee, other than (a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the
course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative agency or applicable law, or (d) with the prior written consent of PNC. 
 14.4 Ownership of Inventions. Grantee shall promptly and fully disclose to PNC any and all inventions, discoveries, improvements,
ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Grantee during the term of Grantee’s employment with the Corporation, whether alone or with others,
and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time, material, facilities or other resources of PNC or any subsidiary
(“Developments”). Grantee agrees to assign and hereby does assign to PNC or its designee all of Grantee’s right, title and interest, including copyrights and patent rights, in and to all Developments. Grantee shall perform all actions
and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations of this Section 14.4 shall be performed by Grantee without further
compensation and will continue beyond the Termination Date. 
 15. Enforcement Provisions. Grantee understands and agrees
to the following provisions regarding enforcement of the Agreement. 
 15.1 Governing Law and Jurisdiction. The Agreement
is governed by and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought
exclusively in the federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Grantee and PNC hereby consent to the exclusive jurisdiction of such courts,
and waive any right to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 15.2 Equitable Remedies. A breach of the provisions of any of Sections 14.2, 14.3 or 14.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of
immediate, as well as permanent, injunctive relief restraining Grantee, and each and every person and entity acting in concert or participating with Grantee, from initiation and/or continuation of such breach. 
 15.3 Tolling Period. If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of
Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

 15.4 No Waiver. Failure of PNC to demand strict compliance with any of the terms, covenants or conditions of the
Agreement will not be deemed a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of such term,
covenant or condition. 
 15.5 Severability. The restrictions and obligations imposed by Sections 14.2, 14.3 and 14.4 are
separate and severable, and it is the intent of Grantee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions,
restrictions and obligations will remain valid and binding upon Grantee. 
 15.6 Reform. In the event any of Sections
14.2, 14.3 and 14.4 are determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Grantee and PNC that said court reduce and
reform the provisions thereof so as to apply the greatest limitations considered enforceable by the court. 

 15.7 Waiver of Jury Trial. Each of Grantee and PNC hereby waives any right to trial
by jury with regard to any suit, action or proceeding under or in connection with any of Sections 14.2, 14.3 and 14.4. 
 15.8
Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and
securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Grantee, Grantee agrees to reimburse PNC for any amounts
Grantee may be required to reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition of the Agreement to the extent that doing so would
require that Grantee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
 15.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Award and the Agreement comply with the provisions of Section 409A of the Internal
Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent. 
 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation under the
provisions of Section 409A, Grantee agrees that PNC may, without the consent of Grantee, modify the Agreement and the Award to the extent and in the manner PNC deems necessary or advisable or take such other action or actions, including an
amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide such payments
or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 16. Acceptance of Award; PNC Right to Cancel. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any way, within thirty (30) days of
receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of a copy of the Agreement executed by Grantee. Otherwise, upon execution and
delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Date and the Restricted Shares will be issued effective as of the Issuance Date. 
 Grantee will not have any of the rights of a shareholder with respect to the Restricted Shares as set forth in Section 4, and will not
have the right to vote or to receive dividends in connection with such shares, until the Issuance Date. 
 IN
WITNESS WHEREOF, PNC has caused the Agreement to be signed on its behalf as of the Award Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary
	
	ACCEPTED AND AGREED TO by GRANTEE
	
	  

	Grantee

 ANNEX A 
 CERTAIN DEFINITIONS 
 * * * 
 A.1 “Agreement” and “Award.” “Agreement” means the Restricted Stock Award Agreement between PNC
and Grantee evidencing the Award made to Grantee pursuant to the Plan. “Award” means the Award made to Grantee pursuant to the Plan and evidenced by the Agreement. 
 A.2 “Anticipatory Termination.” If Grantee’s employment with the Corporation is terminated by the Corporation other
than for Cause, death or Disability prior to the date on which a Change of Control occurs, and if it is reasonably demonstrated by Grantee that such termination of employment (i) was at the request of a third party that has taken steps
reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, such a termination of employment is an “Anticipatory Termination.” 
 For purposes of this definition, Cause shall mean: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental
illness), after a written demand for substantial performance is delivered to Grantee by the Board or the CEO which specifically identifies the manner in which the Board or the CEO believes that Grantee has not substantially performed Grantee’s
duties; or 
 (b) the willful engaging by Grantee in illegal conduct or gross misconduct that is materially and demonstrably
injurious to PNC or any of its subsidiaries. 
 For purposes of the preceding clauses (a) and (b), no act or failure to
act, on the part of Grantee, shall be considered willful unless it is done, or omitted to be done, by Grantee in bad faith and without reasonable belief that Grantee’s action or omission was in the best interests of the Corporation. Any act, or
failure to act, based upon the instructions or prior approval of the Board, the CEO or Grantee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Grantee in
good faith and in the best interests of the Corporation. 
 The cessation of employment of Grantee will be deemed to be a
termination of Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when there shall have been delivered to Grantee, as part of the notice of Grantee’s termination, a copy of a resolution duly
adopted by the affirmative vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the
good faith opinion of the Board, Grantee is guilty of conduct described in clause (a) or clause (b) above and, in either case, specifying the particulars thereof in detail. Such

 
resolution shall be adopted only after (i) reasonable notice of such Board meeting is provided to Grantee, together with written notice that PNC believes that Grantee is guilty of conduct
described in clause (a) or clause (b) above and, in either case, specifying the particulars thereof in detail, and (ii) Grantee is given an opportunity, together with counsel, to be heard before the Board. 
 A.3 “Awarded Shares.” Provided that the Restricted Shares are then outstanding and have not been forfeited, Restricted
Shares become “Awarded Shares” when all of the following have occurred: (a) the Three-Year Continued Employment Performance Goal has been achieved or is deemed to have been achieved pursuant to the terms of the Agreement;
(b) the Restricted Period has terminated; and (c) if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b) of the Agreement, the terms of such suspension have been satisfied and the
Restricted Shares have not been forfeited. 
 A.4 “Board” means the Board of Directors of PNC. 
 A.5 “Cause.” Except as otherwise provided in Section A.2, “Cause” means: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Grantee by PNC that specifically identifies the manner in which it is believed that Grantee has not
substantially performed Grantee’s duties; 
 (b) a material breach by Grantee of (1) any code of conduct of PNC or one
of its subsidiaries or (2) other written policy of PNC or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (c) any act of fraud, misappropriation, material dishonesty, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (d) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or entry by Grantee into a pre-trial disposition with
respect to, the commission of a felony; or 
 (e) entry of any order against Grantee, by any governmental body having regulatory
authority with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 Except as otherwise provided in Section A.2, the cessation of employment of Grantee will be deemed to have been a termination of
Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Grantee is the CEO, the Board) determines that Grantee is guilty of conduct described in clause (a),
(b) or (c) above or that an event described in clause (d) or (e) above has occurred with respect to Grantee and, if so, determines that the termination of Grantee’s employment with the Corporation will be deemed to have been
for Cause. 
 A.6 “CEO” means the chief executive officer of PNC. 
 A.7 “Change of Control” means: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the
combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.7(a), the
following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or
any company controlled by, controlling or under

 
common control with PNC (an “Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.7(c)) or (5) an acquisition of beneficial
ownership representing between 20% and 40%, inclusive, of the Outstanding PNC Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition
approves such acquisition either prior to or immediately after its occurrence; 
 (b) Individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was
a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) Consummation
of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or
stock of another entity by PNC or any of its subsidiaries (each, a “Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners
of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a
non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may
be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an
“Excluded Combination”); or 
 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of
PNC. 
 A.8 “Committee” means the Personnel and Compensation Committee of the Board or such person or persons
as may be designated or appointed by that committee as its delegate or designee. 
 A.9 “Competitive Activity”
means any participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (a) engaged in business activities similar to
some or all of the business activities of PNC or any subsidiary as of Grantee’s Termination Date or (b) engaged in business activities which Grantee knows PNC or any subsidiary intends to enter within the first twelve (12) months
after Grantee’s Termination Date or, if later and if applicable, after the date specified in clause (ii) of Section A.13(a), in either case whether Grantee is acting as agent, consultant, independent contractor, employee, officer,
director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.10
“Consolidated Subsidiary” means a corporation, bank, partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting
principles and (2) satisfies the definition of “service recipient” under Section 409A of the Internal Revenue Code. 
 A.11 “Corporation” means PNC and its Consolidated Subsidiaries. 
 A.12 “Designated Person” will be either: (a) the Committee or its delegate, if Grantee was a member of the Corporate Executive Group (or equivalent successor classification) or was subject to the

 
reporting requirements of Section 16(a) of the Exchange Act with respect to PNC securities when he or she ceased to be an employee of the Corporation; or (b) the Chief Human Resources
Officer of PNC, if Grantee is not within one of the groups specified in Section A.12(a). 
 A.13 “Detrimental
Conduct” means: 
 (a) Grantee has engaged, without the prior written consent of PNC (with consent
to be given at PNC’s sole discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Grantee’s Termination Date and extending through (and including) the first (1st) anniversary of the later of (i) Grantee’s
Termination Date and, if different, (ii) the first date after Grantee’s Termination Date as of which Grantee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC
or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or any
entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 Grantee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the Committee (if Grantee was
an “executive officer” of PNC as defined in SEC Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO or his or her designee (if Grantee was not such an executive officer), whichever is applicable,
determines that Grantee has engaged in conduct described in clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Grantee, and, if so, determines that Grantee will be deemed to have
engaged in Detrimental Conduct. 
 A.14 “Disabled” or “Disability” means, except as may
otherwise be required by Section 409A of the Internal Revenue Code, that Grantee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Grantee has been determined to be eligible for
Social Security disability benefits, Grantee shall be presumed to be Disabled as defined herein. 
 A.15 “Fair Market
Value” as it relates to a share of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC
common stock on such date, or, if no PNC common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.16 “GAAP” or “generally accepted accounting principles” means accounting principles generally accepted in the
United States of America. 
 A.17 “Grantee” means the person to whom the Restricted Stock Award is granted, and
is identified as Grantee on page 1 of the Agreement. 
 A.18 “Internal Revenue Code” means the Internal Revenue
Code of 1986 as amended, and the rules and regulations promulgated thereunder. 
 A.19 “Issuance Date” means
the Issuance Date set forth on page 1 of the Agreement and is the date as of which the Restricted Shares are authorized to be issued by the Committee or its delegate in accordance with the Plan and Section 16 of the Agreement. 

 A.20 “PNC” means The PNC Financial Services Group, Inc. 
 A.21 “Restricted Period” means, subject to early termination if so determined by the Committee or its
delegate or pursuant to Section 7.7 of the Agreement, if applicable, the period from the Award Date through (and including) the earlier of: (a) the date of Grantee’s death; (b) the day immediately preceding the day a Change of
Control is deemed to have occurred; and (c) the day immediately preceding the third (3rd) anniversary of the Award Date or, if later, the last day of any extension of the Restricted Period pursuant to Section 7.4(a), Section 7.5(a) or Section 7.6(a) of the Agreement, if
applicable. 
 A.22 “Retire” or “Retirement” means termination of Grantee’s employment with the
Corporation at any time and for any reason (other than termination by reason of Grantee’s death or by the Corporation for Cause and, if the Committee or the CEO or his or her designee so determines prior to such divestiture, other than by
reason of termination in connection with a divestiture of assets or a divestiture of one or more subsidiaries of the Corporation) on or after the first date on which Grantee has both attained at least age fifty-five (55) and completed five
(5) years of service, where a year of service is determined in the same manner as the determination of a year of vesting service calculated under the provisions of The PNC Financial Services Group, Inc. Pension Plan. 
 A.23 “Retiree” means a Grantee who has Retired. 
 A.24 “SEC” means the United States Securities and Exchange Commission. 
 A.25 “Service relationship” or “having a service relationship with the Corporation” means being engaged by
the Corporation in any capacity for which Grantee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory director.

 A.26 “Termination Date” means Grantee’s last date of employment with the Corporation. If Grantee is
employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles and Grantee does not continue to be employed by PNC or a Consolidated
Subsidiary, then for purposes of the Agreement, Grantee’s employment with the Corporation terminates effective at the time this occurs. 
 A.27 “Three-Year Continued Employment Performance Goal” means, subject to early achievement if so determined by the Committee or its delegate or to deemed achievement pursuant to
Section 7.3, Section 7.4, Section 7.5, Section 7.6, Section 7.7, or Section 8 of the Agreement, if applicable, that Grantee has been continuously employed by the Corporation for the period from the Award Date through
(and including) the day immediately preceding the first of the following to occur: (a) the third (3rd) anniversary of the Award Date; (b) the date of Grantee’s death; and (c) the day a Change of
Control is deemed to have occurred. 
 A.28 “Unvested Shares” means any Restricted Shares that are outstanding
but have not yet become Awarded Shares in accordance with the terms of the Agreement. 

 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 * * * 
 CASH-PAYABLE RESTRICTED SHARE UNITS AGREEMENT 
 * * * 
  

			
	GRANTEE:	  	[Name]
		
	AWARD DATE:	  	                    ,
20    
		
	SHARE UNITS:	  	[Number]

  
  
 1. Definitions. Certain terms
used in this Cash-Payable Restricted Share Units Agreement (the “Agreement”) are defined in Annex A (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the
context otherwise indicates. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and
“Corporation” means PNC and its Consolidated Subsidiaries. 
 2. Restricted Share Units with Dividend Equivalents
Award. Pursuant to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”), and subject to the terms and conditions of the Agreement, PNC grants to the Grantee named above (“Grantee”) an award of
Restricted Share Units (“Restricted Share Units”) of the number of share units of PNC common stock set forth above, together with Dividend Equivalents (“Dividend Equivalents”), payable in cash, with respect to the same number of
shares of PNC common stock as the number of share units set forth above (together, the “Award”), all subject to acceptance of the Award by Grantee in accordance with Section 15 and subject to the terms and conditions of the Agreement
and the Plan. 
 3. Terms of Award. The Award is subject to the following terms and conditions. 
 Restricted Share Units and Dividend Equivalents are not transferable. The Restricted Share Units and ongoing Dividend Equivalents are
subject to forfeiture pursuant to the terms and conditions of the Agreement prior to vesting; provided, however, that there shall be no forfeiture of Dividend Equivalents with respect to dividend payment dates that occur prior to a forfeiture of the
Restricted Share Units to which they relate. 
 Restricted Share Units that vest in accordance with the terms of Section 6
will be settled pursuant to and in accordance with the terms of that Section. Unvested Share Units that are forfeited by Grantee pursuant to and in accordance with the terms of Section 5 will be cancelled without payment of any consideration by
PNC. 
 The right to ongoing Dividend Equivalents is granted in connection with the Restricted Share Units and therefore shall
terminate, without payment of any consideration by PNC, upon the settlement of Vested Share Units or the cancellation of Unvested Share Units, whichever is applicable. 
 4. Dividend Equivalents. From and after the Award Date until such time as the Restricted Share Units granted in connection with such Dividend Equivalents are either (i) settled pursuant to and
in accordance with the terms of Section 6 or (ii) cancelled upon forfeiture in accordance with the terms of Section 5, the Corporation will make cash payments to Grantee equivalent to the amounts of the quarterly cash dividends
Grantee would have received, if any, had the Restricted Share Units to which such Dividend Equivalents relate been shares of PNC common stock issued and outstanding on the record dates for cash dividends on PNC common stock that occur during such
period. 
 The Corporation will make such payments to Grantee pursuant to this Section 4 each quarter following the
dividend payment date that relates to each such record date, if any. Such amounts shall be paid in cash in accordance with applicable regular payroll practice as in effect from time to time for similarly situated employees within 30 days after the
applicable dividend payment date. 

 Termination or cancellation of Dividend Equivalents will have no effect on cash payments
made pursuant to this Section 4 prior to such termination or cancellation. 
 If the right to ongoing Dividend Equivalents
terminates because the Restricted Share Units to which they relate have been settled pursuant to and in accordance with the terms of Section 6 and such termination occurs after the dividend record date for a quarter but before the related
dividend payment date, the Corporation will nonetheless make such a quarterly dividend equivalent payment to Grantee with respect to that record date, if any. 
 5. Forfeiture Events. 
 (a) Termination for
Cause. In the event that Grantee’s employment with the Corporation is terminated by the Corporation for Cause prior to the 3rd anniversary of the Award Date and prior to the occurrence of a Change of Control, if any, all Restricted Share Units
that are Unvested Share Units on Grantee’s Termination Date, together with the right to Dividend Equivalents granted in connection with such Restricted Share Units, will be forfeited by Grantee to PNC and cancelled without payment of any
consideration by PNC. 
 (b) Competitive Activities. Unvested Share Units that would otherwise remain outstanding after
Grantee’s Termination Date, if any, together with the right to Dividend Equivalents granted in connection with such Restricted Share Units, will be forfeited by Grantee to PNC and cancelled without payment of any consideration by PNC in the
event that, at any time prior to the date such units vest in accordance with Section 6, PNC, by PNC’s Designated Person, determines in its sole discretion that Grantee has engaged in Competitive Activities; provided, however, that no
determination that Grantee has engaged in Competitive Activities may be made on or after the date of Grantee’s death or on or after the date of a Change of Control. 
 For purposes of this Section 5(b), “Competitive Activities” shall mean any participation in, employment by, ownership of any equity interest exceeding 1% in, or promotion or organization
of, any Person (other than PNC or any of its subsidiaries) engaged in financial services activities, including but not limited to a bank, bank affiliate, broker, dealer, or hedge fund, whether Grantee is acting as agent, consultant, independent
contractor, employee, officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 (c) Upon forfeiture and cancellation pursuant to the provisions of this Section 5 of Unvested Share Units and the right to Dividend Equivalents granted in connection with such Restricted Share Units,
the Award will terminate and neither Grantee nor any successors, heirs, assigns or legal representatives of Grantee will thereafter have any further rights or interest in such Unvested Share Units or Dividend Equivalents. 
 6. Vesting; Cash Settlement of Vested Share Units. 
 (a) Vesting. For the purpose of determining the vesting date applicable to each portion of the Award, the Restricted Share Units are divided into three “Tranches” as follows: (1) 1/3
of the share units (rounded down to the nearest whole share unit) are in the First Tranche of the Restricted Share Units; (2) another 1/3 of the share units (rounded down to the nearest whole share unit) are in the Second Tranche of the
Restricted Share Units; and (3) the remaining share units are in the Third Tranche of the Restricted Share Units. 
 Unless
Unvested Share Units have been forfeited pursuant to the provisions of Section 5, Grantee’s Unvested Share Units will vest upon the earliest to occur of the following: 
  

	 	(i)	 the 1st anniversary of the Award Date in the case of the First Tranche share units, the 2nd anniversary of the Award Date in the case of the Second Tranche
share units, and the 3rd anniversary of the Award Date in
the case of the Third Tranche share units, respectively; 

	 	(ii)	Grantee’s death; and 

  

	 	(iii)	the occurrence of a Change of Control. 

 (b) Settlement. Vested Share Units will be settled at the time set forth in this Section 6(b) by the payment to Grantee of cash in an amount equal to the number of Vested Share Units being settled multiplied by the Fair Market
Value of a share of PNC common stock on the settlement date or as otherwise determined pursuant to Section 8 if applicable. 
 Payment will be made to Grantee with respect to the settlement of Vested Share Units as soon as practicable, but in no event later than 30 days, following the settlement date, which shall be the earliest to occur of the following:

  

	 	(i)	 the 1st, 2nd, or 3rd anniversary of the Award Date, as the case may be, with respect to the First, Second or Third Tranche of the
Restricted Share Units, as applicable; 

  

	 	(ii)	the date of Grantee’s death; and 

  

	 	(iii)	the occurrence of a Change of Control, but only if such Change of Control is a permissible payment event under Section 409A of the Internal Revenue Code and any
regulations, revenue procedures or revenue rulings issued by the Secretary of the United States Treasury applicable to such Section 409A. 

 7. No Rights as Shareholder. Grantee will have no rights as a shareholder of PNC by virtue of this Award. 
 8. Capital Adjustments. Upon the occurrence of a corporate transaction or transaction (including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations,
mergers, consolidations or reorganizations of or by PNC (each, a “Corporate Transaction”)), the Compensation Committee or its delegate shall make those adjustments, if any, in the number, class or kind of Restricted Share Units and related
Dividend Equivalents then outstanding under the Award that it deems appropriate in its discretion to reflect the Corporate Transaction(s) such that the rights of Grantee are neither enlarged nor diminished as a result of such Corporate Transaction
or Transactions, including without limitation measuring the value per share unit by reference to the per share value of the consideration payable to a PNC common shareholder in connection with such Corporate Transaction. 
 All determinations hereunder shall be made by the Compensation Committee or its delegate in its sole discretion and shall be final, binding
and conclusive for all purposes on all parties, including without limitation Grantee. 
 9. Prohibitions Against Sale,
Assignment, etc.; Payment to Legal Representative. 
 (a) Restricted Share Units and Dividend Equivalents may not be sold,
assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered. 
 (b) If Grantee is deceased at the time
vested Restricted Share Units are settled in accordance with the terms of Section 6, such payment will be made to the executor or administrator of Grantee’s estate or to Grantee’s other legal representative as determined in good faith
by PNC. 
 (c) Any payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative
shall extinguish all right to payment hereunder. 

 10. Withholding Taxes. 
 Where Grantee has not previously satisfied all applicable withholding tax obligations, PNC will, at the time the tax withholding obligation
arises in connection herewith, retain an amount sufficient to satisfy the minimum amount of taxes then required to be withheld by the Corporation in connection therewith from any amounts then payable hereunder to Grantee. If any withholding is
required prior to the time amounts are payable to Grantee hereunder, the withholding will be taken from other compensation then payable to Grantee or as otherwise determined by PNC. 
 If Grantee desires to have an additional amount withheld above the required minimum, up to Grantee’s W-4 obligation if higher, and if
PNC so permits, Grantee may elect to satisfy this additional withholding by payment of cash. If Grantee’s W-4 obligation does not exceed the required minimum withholding in connection herewith, no additional withholding may be made. 

11. Employment. Neither the granting of the Restricted Share Units and Dividend Equivalents nor any term or provision of the
Agreement shall constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Grantee for any period or in any way alter Grantee’s status as an employee at will. 
 12. Subject to the Plan and the Compensation Committee. In all respects the Award and the Agreement are subject to the terms and
conditions of the Plan, which has been made available to Grantee and is incorporated herein by reference; provided, however, the terms of the Plan shall not be considered an enlargement of any benefits under the Agreement. Further, the Award and the
Agreement are subject to any interpretation of, and any rules and regulations issued by, the Compensation Committee or its delegate or under the authority of the Compensation Committee, whether made or issued before or after the Award Date.

 13. Headings; Entire Agreement. Headings used in the Agreement are provided for reference and convenience only, shall
not be considered part of the Agreement, and shall not be employed in the construction of the Agreement. The Agreement constitutes the entire agreement between Grantee and PNC with respect to the subject matters addressed herein, and supersedes all
other discussions, negotiations, correspondence, representations, understandings and agreements between the parties concerning the subject matters hereof. 
 14. Enforcement Provisions. Grantee understands and agrees to the following provisions regarding enforcement of the Agreement. 
 14.1 Governing Law and Jurisdiction. The Agreement is governed by and construed under the laws of the Commonwealth of Pennsylvania,
without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District of Pennsylvania or in the
Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Grantee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right to challenge jurisdiction or venue in such courts with regard to
any suit, action, or proceeding under or in connection with the Agreement. 
 14.2 No Waiver. Failure of PNC to demand
strict compliance with any of the terms, covenants or conditions of the Agreement will not be deemed a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any such term, covenant or condition on any occasion or on
multiple occasions be deemed a waiver or relinquishment of such term, covenant or condition. 
 14.3 Applicable Law.
Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or
as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Grantee, Grantee agrees to reimburse PNC for any amounts Grantee may be required to
reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition of the Agreement to the extent that doing so would require that Grantee
reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 

 14.4. Compliance with Internal Revenue Code Section 409A. It is the intention of
the parties that the Award and the Agreement comply with the provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a
manner consistent with this intent. 
 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred
compensation subject to taxation under the provisions of Section 409A, Grantee agrees that PNC may, without the consent of Grantee, modify the Agreement and the Award to the extent and in the manner PNC deems necessary or advisable or take such
other action or actions, including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of
Section 409A or to provide such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 15. Acceptance of Award; PNC Right to Cancel. If Grantee does not accept the Award by executing and delivering a copy of the
Agreement to PNC, without altering or changing the terms thereof in any way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to
Grantee’s delivery to PNC of a copy of the Agreement executed by Grantee. Otherwise, upon execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective. 
 In the event that one or more record dates for dividends on PNC common stock occur after the Award Date but before the date the Agreement is
effective in accordance with this Section 15, then upon the effectiveness of the Agreement, the Corporation will make a cash payment to Grantee equal to the amount of the dividend equivalent payment Grantee would have received had the Agreement
been effective on the Award Date. 
 IN WITNESS WHEREOF, PNC has caused the Agreement to be signed
on its behalf as of the Award Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary
	
	ACCEPTED AND AGREED TO by GRANTEE
	
	  

	Grantee

 ANNEX A 
 CERTAIN DEFINITIONS 
 * * * 
 A.1 “Agreement” means the Cash-Payable Restricted Share Units Agreement between PNC and Grantee evidencing the Restricted
Share Units with Dividend Equivalents award granted to Grantee pursuant to the Plan. 
 A.2 “Award” and
“Award Date.” “Award” means the Restricted Share Units with Dividend Equivalents award granted to Grantee pursuant to the Plan and evidenced by the Agreement. “Award Date” means the Award Date set forth on page 1
of the Agreement and is the date as of which the Restricted Share Units with Dividend Equivalents are authorized to be granted by the Compensation Committee or its delegate in accordance with the Plan. 
 A.3 “Board” means the Board of Directors of PNC. 
 A.4 “Cause” means: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental
illness) after a written demand for substantial performance is delivered to Grantee by PNC that specifically identifies the manner in which it is believed that Grantee has not substantially performed Grantee’s duties; 
 (b) a material breach by Grantee of (1) any code of conduct of PNC or one of its subsidiaries or (2) other written policy of PNC
or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (c) any act of
fraud, misappropriation, material dishonesty, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (d) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or entry by Grantee into a pre-trial disposition with respect to, the commission of a felony; or 
 (e) entry of any order against Grantee, by any governmental body having regulatory authority with respect to the business of PNC or any of
its subsidiaries, that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 The cessation of employment of Grantee will be deemed to have been a termination of Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when PNC, by PNC’s Designated Person, determines
that Grantee is guilty of conduct described in clause (a), (b) or (c) above or that an event described in clause (d) or (e) above has occurred with respect to Grantee and, if so, determines that the termination of Grantee’s
employment with the Corporation will be deemed to have been for Cause. 
 A.5 “Change of Control” means:

 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common
stock of PNC (the “Outstanding PNC Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors (the “Outstanding PNC Voting
Securities”); provided, however, that, for purposes of this Section A.5(a), the following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any acquisition by PNC, (3) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or any company controlled by, controlling or under common control with PNC (an “Affiliated Company”), (4)

 
any acquisition pursuant to an Excluded Combination (as defined in Section A.5(c)) or (5) an acquisition of beneficial ownership representing between 20% and 40%, inclusive, of the
Outstanding PNC Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition approves such acquisition either prior to or immediately after its
occurrence; 
 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any
reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for
election by PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by
or on behalf of a Person other than the Board; 
 (c) Consummation of a reorganization, merger, statutory share exchange or
consolidation or similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock of another entity by PNC or any of its subsidiaries
(each, a “Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding PNC Common Stock and the Outstanding
PNC Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined
voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination
(including, without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership
immediately prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded Combination”); or 
 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC. 
 A.6 “Compensation Committee” means the Personnel and Compensation Committee of the Board or such person or persons as may
be designated or appointed by that committee as its delegate or designee. 
 A.7 “Consolidated Subsidiary”
means a corporation, bank, partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting principles and (2) satisfies the
definition of “service recipient” under Section 409A of the Internal Revenue Code. 
 A.8
“Corporation” means PNC and its Consolidated Subsidiaries. 
 A.9 “Designated Person” shall
mean PNC’s CEO or any other executive officer of PNC. 
 A.10 “Fair Market Value” as it relates to a share
of PNC common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on such date, or, if no PNC
common stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.11 “GAAP” or “generally accepted accounting principles” means accounting principles generally accepted in the
United States of America. 

 A.12 “Grantee” means the person to whom the Restricted Share Units with
Dividend Equivalents award is granted, and is identified as Grantee on page 1 of the Agreement. 
 A.13 “Internal
Revenue Code” means the Internal Revenue Code of 1986 as amended, and the rules and regulations promulgated thereunder. 
 A.14 “PNC” means The PNC Financial Services Group, Inc. 
 A.15 “SEC” means the
United States Securities and Exchange Commission. 
 A.16 “Termination Date” means Grantee’s last date of
employment with the Corporation. If Grantee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles and Grantee does not continue
to be employed by PNC or a Consolidated Subsidiary, then for purposes of the Agreement, Grantee’s employment with the Corporation terminates effective at the time this occurs. 
 A.17 “Unvested Share Units” means any Restricted Share Units that are outstanding but have not vested in accordance with
the terms of Section 6 of the Agreement. 
 A.18 “Vested Share Units.” Provided that the Restricted Share
Units have not been forfeited pursuant to the terms of Section 5 of the Agreement and are then outstanding, Restricted Share Units will vest in accordance with the terms of Section 6 of the Agreement. Restricted Share Units that have
vested and become Vested Share Units are no longer subject to forfeiture under the terms of the Agreement. 
 THE PNC FINANCIAL
SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 * * * 
 CASH-PAYABLE RESTRICTED SHARE UNITS AWARD AGREEMENT 
 * * * 
  

			
	 GRANTEE:
	  	[Name]
		
	 AWARD DATE:
	  	                    ,
20    
		
	SHARE UNITS:	  	                    share units

  
  
 1. Definitions. Certain terms used in this Cash-Payable Restricted Share Units Agreement (the “Agreement”) are defined in
Annex A (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context otherwise indicates. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and “Corporation” means PNC and its Consolidated
Subsidiaries. 
 2. Restricted Share Units with Dividend Equivalents Award. Pursuant to The PNC Financial Services Group,
Inc. 2006 Incentive Award Plan (the “Plan”), and subject to the terms and conditions of the Agreement, PNC grants to the Grantee named above (“Grantee”) an award of Restricted Share Units (“Restricted Share Units”) of
the number of share units of PNC common stock set forth above, together with Dividend Equivalents (“Dividend Equivalents”), payable in cash, with respect to the same number of shares of PNC common stock as the number of share units set
forth above (together, the “Award”), all subject to acceptance of the Award by Grantee in accordance with Section 16 and subject to the terms and conditions of the Agreement and the Plan. 

 3. Terms of Award. The Award is subject to the following terms and conditions.

 Restricted Share Units and Dividend Equivalents are not transferable. The Restricted Share Units and ongoing Dividend
Equivalents are subject to forfeiture pursuant to the terms and conditions of the Agreement prior to vesting; provided, however, that there shall be no forfeiture of Dividend Equivalents with respect to dividend payment dates that occur prior to a
forfeiture of the Restricted Share Units to which they relate. 
 Restricted Share Units that vest in accordance with the terms
of Section 6 will be settled pursuant to and in accordance with the terms of that Section. Unvested Share Units that are forfeited by Grantee pursuant to and in accordance with the terms of Section 5 will be cancelled without payment of
any consideration by PNC. 
 The right to ongoing Dividend Equivalents is granted in connection with the Restricted Share Units
and therefore shall terminate, without payment of any consideration by PNC, upon the settlement of Vested Share Units or the cancellation of Unvested Share Units, whichever is applicable. 
 4. Dividend Equivalents. From and after the Award Date until such time as the Restricted Share Units granted in connection with such
Dividend Equivalents are either (i) settled pursuant to and in accordance with the terms of Section 6 or (ii) cancelled upon forfeiture in accordance with the terms of Section 5, the Corporation will make cash payments to Grantee
equivalent to the amounts of the quarterly cash dividends Grantee would have received, if any, had the Restricted Share Units to which such Dividend Equivalents relate been shares of PNC common stock issued and outstanding on the record dates for
cash dividends on PNC common stock that occur during such period. 
 The Corporation will make such payments to Grantee pursuant
to this Section 4 each quarter following the dividend payment date that relates to each such record date, if any. Such amounts shall be paid in cash in accordance with applicable regular payroll practice as in effect from time to time for
similarly situated employees within 30 days after the applicable dividend payment date. 
 Termination or cancellation of
Dividend Equivalents will have no effect on cash payments made pursuant to this Section 4 prior to such termination or cancellation. 
 If the right to ongoing Dividend Equivalents terminates because the Restricted Share Units to which they relate have been settled pursuant to and in accordance with the terms of Section 6 and such
termination occurs after the dividend record date for a quarter but before the related dividend payment date, the Corporation will nonetheless make such a quarterly dividend equivalent payment to Grantee with respect to that record date, if any.

 5. Forfeiture Events. 
 5.1 Termination for Cause. In the event that Grantee’s employment with the Corporation is terminated by the Corporation for Cause prior to [date], all Restricted Share Units that are Unvested
Share Units on Grantee’s Termination Date, together with the right to Dividend Equivalents granted in connection with such Restricted Share Units, will be forfeited by Grantee to PNC and cancelled without payment of any consideration by PNC;
provided, however, this Section 5.1 shall only apply if the Termination Date occurs prior to the occurrence of a Change of Control, if any. 
 5.2 Termination Other than for Death or Disability. In the event that Grantee’s employment with the Corporation terminates prior to [date] for any reason other than (i) Grantee’s
death or (ii) termination of Grantee’s employment by the Corporation by reason of Grantee’s Disability, all Restricted Share Units that are Unvested Share Units on Grantee’s Termination Date, together with the right to Dividend
Equivalents granted in connection with such Restricted Share Units, will be forfeited by

 
Grantee to PNC and cancelled without payment of any consideration by PNC; provided, however, this Section 5.2 shall only apply if the Termination Date occurs prior to the occurrence of a
Change of Control, if any. 
 5.3 Detrimental Conduct. Unvested Share Units that would otherwise remain outstanding after
Grantee’s Termination Date, if any, together with the right to Dividend Equivalents granted in connection with such Restricted Share Units, will be forfeited by Grantee to PNC and cancelled without payment of any consideration by PNC in the
event that, at any time prior to the date such units vest in accordance with Section 6, PNC, by PNC’s Designated Person, determines in its sole discretion that Grantee has engaged in Detrimental Conduct; provided, however, that no
determination that Grantee has engaged in Detrimental Conduct may be made on or after the date of Grantee’s death or on or after the date of a Change of Control. 
 5.4 Judicial Criminal Proceedings. If any criminal charges are brought against Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the
commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation, then to the extent that the Restricted Share Units are still outstanding and have not yet vested, the vesting of
the Unvested Share Units shall be automatically suspended. 
 Such suspension of vesting shall continue until the earliest to
occur of the following: 
 (1) resolution of the criminal proceedings in a manner that results in a conviction (including a plea
of guilty or of nolo contendere) of Grantee for, or any entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the
Corporation; 
 (2) resolution of the criminal proceedings in one of the following ways: (i) the charges as they relate to
such alleged felony have been dismissed (with or without prejudice); (ii) Grantee has been acquitted of such alleged felony; or (iii) a criminal proceeding relating to such alleged felony has been completed without resolution (for example,
as a result of a mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 
 (3) Grantee’s death; or 
 (4) the occurrence of a Change of Control.

 If the suspension is terminated by the occurrence of an event set forth in clause (1) above, the Restricted Share Units,
together with all Dividend Equivalents granted in connection with such Restricted Share Units, will, upon such occurrence, be automatically forfeited by Grantee to PNC and cancelled without payment of any consideration by PNC. 
 If the suspension is terminated by the occurrence of an event set forth in clause (2), (3) or (4) above, vesting and settlement
shall proceed in accordance with Section 6, as applicable. 
 5.5 Termination of Award Upon Forfeiture of Units. The
Award will terminate, and neither Grantee nor any successors, heirs, assigns or legal representatives of Grantee will thereafter have any further rights or interest in the Restricted Share Units or the related right to Dividend Equivalents evidenced
by the Agreement, upon forfeiture and cancellation pursuant to the provisions of Section 5 of such Restricted Share Units and related right to Dividend Equivalents. 
 6. Vesting; Cash Settlement of Vested Share Units. 
 6.1 Vesting.
Unless Unvested Share Units have been forfeited pursuant to the provisions of Section 5, Grantee’s Unvested Share Units will vest upon the earliest to occur of the following: 
  

	 	(i)	[date] or, if later, on the date as of which any suspension imposed pursuant to Section 5.4 is lifted and the units vest, as applicable; 

	 	(ii)	Grantee’s death; and 

  

	 	(iii)	the occurrence of a Change of Control. 

 6.2 Settlement. Vested Share Units will be settled at the time set forth in this Section 6.2 by the payment to Grantee of cash in an amount equal to the number of Vested Share Units being settled multiplied by the Fair Market
Value of a share of PNC common stock on the settlement date or as otherwise determined pursuant to Section 8 if applicable. 
 Payment will be made to Grantee with respect to the settlement of Vested Share Units as soon as practicable, but in no event later than 30 days, following the settlement date, which shall be the earliest to occur of the following:

  

	 	(i)	[date] or, if later, the date as of which any suspension imposed pursuant to Section 5.4 is lifted and the units vest, as applicable; 

  

	 	(ii)	the date of Grantee’s death; and 

  

	 	(iii)	the occurrence of a Change of Control, but only if such Change of Control is a permissible payment event under Section 409A of the Internal Revenue Code and any
regulations, revenue procedures or revenue rulings issued by the Secretary of the United States Treasury applicable to such Section 409A. 

 In the event that the settlement date is the date as of which any suspension imposed pursuant to Section 5.4 is lifted, payment will be made no later than the earlier of (a) 30 days after the
settlement date and (b) December 31 of the year in which the settlement date occurs. 
 7. No Rights as
Shareholder. Grantee will have no rights as a shareholder of PNC by virtue of this Award. 
 8. Capital Adjustments.
Upon the occurrence of a corporate transaction or transaction (including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers, consolidations or reorganizations of or by PNC (each, a “Corporate
Transaction”)), the Compensation Committee or its delegate shall make those adjustments, if any, in the number, class or kind of Restricted Share Units and related Dividend Equivalents then outstanding under the Award that it deems appropriate
in its discretion to reflect the Corporate Transaction(s) such that the rights of Grantee are neither enlarged nor diminished as a result of such Corporate Transaction or Transactions, including without limitation measuring the value per share unit
by reference to the per share value of the consideration payable to a PNC common shareholder in connection with such Corporate Transaction. 
 All determinations hereunder shall be made by the Compensation Committee or its delegate in its sole discretion and shall be final, binding and conclusive for all purposes on all parties, including
without limitation Grantee. 
  

	 	9.	Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. 

 (a) Restricted Share Units and Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise
encumbered. 
 (b) If Grantee is deceased at the time vested Restricted Share Units are settled in accordance with the terms of
Section 6, such payment will be made to the executor or administrator of Grantee’s estate or to Grantee’s other legal representative as determined in good faith by PNC. 

 (c) Any payment made in good faith by PNC to Grantee’s executor, administrator or other
legal representative shall extinguish all right to payment hereunder. 
 10. Withholding Taxes. Where Grantee has not
previously satisfied all applicable withholding tax obligations, PNC will, at the time the tax withholding obligation arises in connection herewith, retain an amount sufficient to satisfy the minimum amount of taxes then required to be withheld by
the Corporation in connection therewith from any amounts then payable hereunder to Grantee. If any withholding is required prior to the time amounts are payable to Grantee hereunder, the withholding will be taken from other compensation then payable
to Grantee or as otherwise determined by PNC. 
 If Grantee desires to have an additional amount withheld above the required
minimum, up to Grantee’s W-4 obligation if higher, and if PNC so permits, Grantee may elect to satisfy this additional withholding by payment of cash. If Grantee’s W-4 obligation does not exceed the required minimum withholding in
connection herewith, no additional withholding may be made. 
 11. Employment. Neither the granting of the Restricted
Share Units and Dividend Equivalents nor any term or provision of the Agreement shall constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Grantee for any period or in any way alter
Grantee’s status as an employee at will. 
 12. Subject to the Plan and the Compensation Committee. In all respects
the Award and the Agreement are subject to the terms and conditions of the Plan, which has been made available to Grantee and is incorporated herein by reference; provided, however, the terms of the Plan shall not be considered an enlargement of any
benefits under the Agreement. Further, the Award and the Agreement are subject to any interpretation of, and any rules and regulations issued by, the Compensation Committee or its delegate or under the authority of the Compensation Committee,
whether made or issued before or after the Award Date. 
 13. Headings; Entire Agreement. Headings used in the Agreement
are provided for reference and convenience only, shall not be considered part of the Agreement, and shall not be employed in the construction of the Agreement. The Agreement constitutes the entire agreement between Grantee and PNC with respect to
the subject matters addressed herein, and supersedes all other discussions, negotiations, correspondence, representations, understandings and agreements between the parties concerning the subject matters hereof. 
 14. Grantee Covenants. 
 14.1 General. Grantee and PNC acknowledge and agree that Grantee has received adequate consideration with respect to enforcement of the provisions of Sections 14 and 15 by virtue of receiving
this Restricted Share Units and Dividend Equivalents Award (regardless of whether such share units ultimately vest and settle); that such provisions are reasonable and properly required for the adequate protection of the business of PNC and its
subsidiaries; and that enforcement of such provisions will not prevent Grantee from earning a living. 
 14.2
Non-Solicitation; No-Hire. Grantee agrees to comply with the provisions of subsections (a) and (b) of this Section 14.2 while employed by the Corporation and for a period of twelve (12) months after Grantee’s
Termination Date regardless of the reason for such termination of employment. 
 (a) Non-Solicitation. Grantee shall not,
directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, solicit, call on, do business with, or actively interfere with PNC’s or any
subsidiary’s relationship with, or attempt to divert or entice away, any Person that Grantee should reasonably know (i) is a customer of PNC or any subsidiary for which PNC or any subsidiary provides any services as of the Termination
Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve (12) months preceding the Termination Date, or (iii) was, as of the Termination Date,
considering retention of PNC or any subsidiary to provide any services. 

 (b) No-Hire. Grantee shall not, directly or indirectly, either for Grantee’s own
benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, employ or offer to employ, call on, or actively interfere with PNC’s or any subsidiary’s relationship with, or attempt to divert or
entice away, any employee of PNC or any of its subsidiaries, nor shall Grantee assist any other Person in such activities. 
 14.3 Confidentiality. During Grantee’s employment with the Corporation, and thereafter regardless of the reason for termination of such employment, Grantee will not disclose or use in any way any confidential business or
technical information or trade secret acquired in the course of such employment, all of which is the exclusive and valuable property of the Corporation whether or not conceived of or prepared by Grantee, other than (a) information generally
known in the Corporation’s industry or acquired from public sources, (b) as required in the course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative agency or applicable law, or
(d) with the prior written consent of PNC. 
 14.4 Ownership of Inventions. Grantee shall promptly and fully
disclose to PNC any and all inventions, discoveries, improvements, ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Grantee during the term of
Grantee’s employment with the Corporation, whether alone or with others, and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use of any time,
material, facilities or other resources of PNC or any subsidiary (“Developments”). Grantee agrees to assign and hereby does assign to PNC or its designee all of Grantee’s right, title and interest, including copyrights and patent
rights, in and to all Developments. Grantee shall perform all actions and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The obligations
of this Section 14.4 shall be performed by Grantee without further compensation and will continue beyond the Termination Date. 
 15. Enforcement Provisions. Grantee understands and agrees to the following provisions regarding enforcement of the Agreement. 
 15.1 Governing Law and Jurisdiction. The Agreement is governed by and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute
or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution
of the Agreement, Grantee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the
Agreement. 
 15.2 Equitable Remedies. A breach of the provisions of any of Sections 14.2, 14.3 or 14.4 will cause the
Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of immediate, as well as permanent, injunctive relief restraining Grantee, and each and every person and entity acting in concert or participating with Grantee,
from initiation and/or continuation of such breach. 
 15.3 Tolling Period. If it becomes necessary or desirable for the
Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation
institutes legal proceedings for injunctive or other relief. 
 15.4 No Waiver. Failure of PNC to demand strict
compliance with any of the terms, covenants or conditions of the Agreement will not be deemed a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple
occasions be deemed a waiver or relinquishment of such term, covenant or condition. 
 15.5 Severability. The
restrictions and obligations imposed by Sections 14.2, 14.3 and 14.4 are separate and severable, and it is the intent of Grantee and PNC that if any restriction or obligation

 
imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions, restrictions and obligations will remain valid
and binding upon Grantee. 
 15.6 Reform. In the event any of Sections 14.2, 14.3 and 14.4 are determined by a court of
competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Grantee and PNC that said court reduce and reform the provisions thereof so as to apply the
greatest limitations considered enforceable by the court. 
 15.7 Waiver of Jury Trial. Each of Grantee and PNC hereby
waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 14.2, 14.3 and 14.4. 
 15.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law,
including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its subsidiaries. Further, to the extent, if any, applicable to Grantee,
Grantee agrees to reimburse PNC for any amounts Grantee may be required to reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that PNC need not comply with any term, covenant or condition of
the Agreement to the extent that doing so would require that Grantee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 
 15.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Award and the Agreement
comply with the provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with this intent.

 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred compensation subject to taxation
under the provisions of Section 409A, Grantee agrees that PNC may, without the consent of Grantee, modify the Agreement and the Award to the extent and in the manner PNC deems necessary or advisable or take such other action or actions,
including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of Section 409A or to provide
such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 16. Acceptance of Award; PNC Right to Cancel. If Grantee does not accept the Award by executing and delivering a copy of the Agreement to PNC, without altering or changing the terms thereof in any
way, within 30 days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to Grantee’s delivery to PNC of a copy of the Agreement executed by Grantee.
Otherwise, upon execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective. 
 In the event
that one or more record dates for dividends on PNC common stock occur after the Award Date but before the date the Agreement is effective in accordance with this Section 16, then upon the effectiveness of the Agreement, the Corporation will
make a cash payment to Grantee equal to the amount of the dividend equivalent payment Grantee would have received had the Agreement been effective on the Award Date. 
 IN WITNESS WHEREOF, PNC has caused the Agreement to be signed on its behalf as of the Award Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary
	
	ACCEPTED AND AGREED TO by GRANTEE
	
	  

	Grantee

  

 ANNEX A 
 CERTAIN DEFINITIONS 
 * * * 
 A.1 “Agreement” means the Cash-Payable Restricted Share Units Agreement between PNC and Grantee evidencing the Restricted
Share Units with Dividend Equivalents award granted to Grantee pursuant to the Plan. 
 A.2 “Award” and
“Award Date.” “Award” means the Restricted Share Units with Dividend Equivalents award granted to Grantee pursuant to the Plan and evidenced by the Agreement. “Award Date” means the Award Date set forth on page 1
of the Agreement and is the date as of which the Restricted Share Units with Dividend Equivalents are authorized to be granted by the Compensation Committee or its delegate in accordance with the Plan. 
 A.3 “Board” means the Board of Directors of PNC. 
 A.4 “Cause” means: 
 (a) The willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental
illness) after a written demand for substantial performance is delivered to Grantee by PNC that specifically identifies the manner in which it is believed that Grantee has not substantially performed Grantee’s duties; 
 (b) A material breach by Grantee of (1) any code of conduct of PNC or one of its subsidiaries or (2) other written policy of PNC
or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (c) Any act of
fraud, misappropriation, material dishonesty, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC or a subsidiary; 
 (d) Any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or entry by Grantee into a pre-trial disposition with respect to, the commission of a felony; or 

 (e) Entry of any order against Grantee, by any governmental body having regulatory authority
with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 The cessation of employment of Grantee will be deemed to have been a termination of Grantee’s employment with the Corporation for Cause
for purposes of the Agreement only if and when PNC, by PNC’s Designated Person, determines that Grantee is guilty of conduct described in clause (a), (b) or (c) above or that an event described in clause (d) or (e) above has
occurred with respect to Grantee and, if so, determines that the termination of Grantee’s employment with the Corporation will be deemed to have been for Cause. 
 A.5 “CEO” means the chief executive officer of PNC. 
 A.6
“Change of Control” means: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either
(A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors
(the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.6(a), the following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any
acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or any company controlled by, controlling or under common control with PNC (an “Affiliated Company”), (4) any
acquisition pursuant to an Excluded Combination (as defined in Section A.6(c)) or (5) an acquisition of beneficial ownership representing between 20% and 40%, inclusive, of the Outstanding PNC Voting Securities or Outstanding PNC Common Stock
shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition approves such acquisition either prior to or immediately after its occurrence; 
 (b) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by PNC’s
shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; 
 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar
transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock of another entity by PNC or any of its subsidiaries (each, a “Business
Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without
limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to
such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded Combination”); or 

 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC.

 A.7 “Compensation Committee” means the Personnel and Compensation Committee of the Board or such person or
persons as may be designated or appointed by that committee as its delegate or designee. 
 A.8 “Competitive
Activity” means any participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (a) engaged in business
activities similar to some or all of the business activities of PNC or any subsidiary as of Grantee’s Termination Date or (b) engaged in business activities which Grantee knows PNC or any subsidiary intends to enter within the first twelve
(12) months after Grantee’s Termination Date or, if later and if applicable, after the date specified in clause (ii) of Section A.12(a), in either case whether Grantee is acting as agent, consultant, independent contractor, employee,
officer, director, investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.9 “Consolidated Subsidiary” means a corporation, bank, partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally
accepted accounting principles and (2) satisfies the definition of “service recipient” under Section 409A of the Internal Revenue Code. 
 A.10 “Corporation” means PNC and its Consolidated Subsidiaries. 
 A.11 “Designated Person” shall mean PNC’s CEO or any other executive officer of PNC. 
 A.12
“Detrimental Conduct” means: 
 (a) Grantee has engaged, without the prior written consent
of PNC (with consent to be given at PNC’s sole discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Grantee’s Termination Date and extending through (and including) the first
(1st) anniversary of the later of
(i) Grantee’s Termination Date and, if different, (ii) the first date after Grantee’s Termination Date as of which Grantee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC
or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or any
entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 Grantee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when PNC, by PNC’s Designated
Person, determines that Grantee has engaged in conduct described in clause (a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Grantee and, if so, determines that Grantee will be deemed
to have engaged in Detrimental Conduct. 
 A.13 “Disabled” or “Disability” means, except as
may otherwise be required by Section 409A of the Internal Revenue Code, that Grantee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Grantee has been determined to be
eligible for Social Security disability benefits, Grantee shall be presumed to be Disabled as defined herein. 

 A.14 “Fair Market Value” as it relates to a share of PNC common stock as of
any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on such date, or, if no PNC common stock trades have
been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.15 “GAAP” or “generally accepted accounting principles” means accounting principles generally accepted in the United States of America. 
 A.16 “Grantee” means the person to whom the Restricted Share Units with Dividend Equivalents award is granted, and is
identified as Grantee on page 1 of the Agreement. 
 A.17 “Internal Revenue Code” means the Internal Revenue
Code of 1986 as amended, and the rules and regulations promulgated thereunder. 
 A.18 “PNC” means The PNC
Financial Services Group, Inc. 
 A.19 “SEC” means the United States Securities and Exchange Commission.

 A.20 “Service relationship” or “having a service relationship with the Corporation” means
being engaged by the Corporation in any capacity for which Grantee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory
director. 
 A.21 “Termination Date” means Grantee’s last date of employment with the Corporation. If
Grantee is employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles and Grantee does not continue to be employed by PNC or a
Consolidated Subsidiary, then for purposes of the Agreement, Grantee’s employment with the Corporation terminates effective at the time this occurs. 
 A.22 “Unvested Share Units” means any Restricted Share Units that are outstanding but have not vested in accordance with the terms of Section 6 of the Agreement. 
 A.23 “Vested Share Units.” Provided that the Restricted Share Units have not been forfeited pursuant to the terms of
Section 5 of the Agreement and are then outstanding, Restricted Share Units will vest in accordance with the terms of Section 6 of the Agreement. 

 Restricted Stock Award 
 Continued Employment Performance Goals 
 Restricted Periods: Three Years (25%); Four Years (25%);
Five Years (50%) 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 2006 INCENTIVE AWARD PLAN 
 * * * 
 RESTRICTED STOCK AWARD AGREEMENT 
 * * * 
  

			
	GRANTEE:	  	< name >
		
	AWARD DATE:	  	                    ,
20    
		
	RESTRICTED SHARES:	  	< number of whole shares>

  
  
 1. Definitions. Certain terms
used in this Restricted Stock Award Agreement (the “Agreement”) are defined in Annex A (which is incorporated herein as part of the Agreement) or elsewhere in the Agreement, and such definitions will apply except where the context
otherwise indicates. 
 In the Agreement, “PNC” means The PNC Financial Services Group, Inc. and
“Corporation” means PNC and its Consolidated Subsidiaries. 
 2. Restricted Shares Award. Pursuant to The PNC
Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”), and subject to the terms and conditions of the Agreement, PNC grants to the Grantee named above (“Grantee”) a Restricted Shares Award of the number of
restricted shares of PNC common stock set forth above (the “Award” and the “Restricted Shares”), all subject to acceptance of the Award by Grantee in accordance with Section 16 and subject to the terms and conditions of the
Agreement and the Plan. 
 For purposes of determining the Restricted Period and Continued Employment Performance Goal
applicable to each portion of the Restricted Shares under the Agreement, the Restricted Shares are divided into three “Tranches” as follows: 
 (a) twenty-five percent (25%) of these shares (rounded down to the nearest whole share) are in the First Tranche of Restricted Shares; 
 (b) another twenty-five percent (25%) of these shares (rounded down to the nearest whole share) are in the Second Tranche of Restricted
Shares; and 
 (c) the remaining fifty percent (50%) of these shares are in the Third Tranche of Restricted Shares.

 3. Terms of Award. The Award is subject to the following terms and conditions. 
 Restricted Shares are subject to the Restricted Period applicable to such shares as provided in Section A.23 of Annex A. During the
applicable Restricted Period and until all of the conditions of the Agreement with respect to such shares have been satisfied and the shares become Awarded Shares, Restricted Shares are subject to forfeiture and to transfer restrictions pursuant to
the terms and conditions of the Agreement. 

 Once issued in accordance with Section 16, Restricted Shares will be deposited with PNC
or its designee in a restricted account or credited to a restricted book-entry account. Restricted Shares will be held in a restricted account until either all of the conditions of the Agreement with respect to such shares have been satisfied or the
shares are forfeited pursuant to the terms of the Agreement. Restricted Shares that are forfeited by Grantee pursuant to and in accordance with the terms of Section 7 will be cancelled without payment of any consideration by PNC. 
 Any certificate or certificates representing Restricted Shares will contain the following legend: 
 “This certificate and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture and
restrictions against transfer) contained in The PNC Financial Services Group, Inc. 2006 Incentive Award Plan and an Agreement entered into between the registered owner and The PNC Financial Services Group, Inc. Release from such terms and conditions
will be made only in accordance with the provisions of such Plan and such Agreement, a copy of each of which is on file in the office of the Corporate Secretary of The PNC Financial Services Group, Inc.” 
 Where a book-entry system is used with respect to the issuance of Restricted Shares, appropriate notation of such forfeiture possibility and
transfer restrictions will be made on the system with respect to the account or accounts to which the Restricted Shares are credited. 
 Restricted Shares deposited with PNC or its designee that become Awarded Shares as provided in Section A.3 of Annex A upon satisfaction of all of the conditions of the Agreement with respect to such shares will be released from the
restricted account and reissued to, or at the proper direction of, Grantee or Grantee’s legal representative pursuant to Section 9. 
 4. Rights as Shareholder. Except as provided in Sections 6 through 9 and subject to Section 16, Grantee will have all the rights and privileges of a shareholder with respect to the Restricted
Shares including, but not limited to, the right to vote the Restricted Shares and the right to receive dividends thereon if and when declared by the Board; provided, however, that all such rights and privileges will cease immediately upon any
forfeiture of such shares. 
 5. Capital Adjustments. Restricted Shares issued pursuant to the Award shall, as issued and
outstanding shares of PNC common stock, be subject to such adjustment as may be necessary to reflect corporate transactions, including, without limitation, stock dividends, stock splits, spin-offs, split-offs, recapitalizations, mergers,
consolidations or reorganizations of or by PNC; provided, however, that any shares received as distributions on or in exchange for Restricted Shares that have not yet been released from the terms of the Agreement shall be subject to the terms and
conditions of the Agreement as if they were Restricted Shares, and shall have the same Restricted Period and Performance Goal that are applicable to the Restricted Shares that such shares were a distribution on or for which such shares were
exchanged. 
 6. Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. 
 (a) Restricted Shares may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered, other than as may be
required pursuant to Section 10.2, unless and until the Restricted Period terminates and the Awarded Shares are released and reissued by PNC pursuant to Section 9. 
 (b) If Grantee is deceased at the time Restricted Shares become Awarded Shares, PNC will deliver such shares to the executor or
administrator of Grantee’s estate or to Grantee’s other legal representative as determined in good faith by the Committee. 
 (c) Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative shall extinguish all right to payment hereunder. 

 7. Forfeiture Provisions. 
 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, Section 7.6, or Section 8, if applicable, in the event that Grantee’s employment with the Corporation terminates prior to the fifth (5th) anniversary of the Award Date, all Restricted Shares that are
Unvested Shares on Grantee’s Termination Date will be forfeited by Grantee to PNC without payment of any consideration by PNC. 
 Upon any forfeiture of Unvested Shares pursuant to the provisions of this Section 7.1 or the provisions of Section 7.2 or Section 7.4(b), neither Grantee nor any successors, heirs, assigns or legal representatives of Grantee
will thereafter have any further rights or interest in such Unvested Shares or any certificate or certificates representing such Unvested Shares. 
 7.2 Detrimental Conduct; Judicial Criminal Proceedings. 
 (a)
Detrimental Conduct. Unvested Shares that would otherwise remain outstanding after Grantee’s Termination Date, if any, will be forfeited by Grantee to PNC without payment of any consideration by PNC in the event that, at any time prior
to the date such shares become Awarded Shares, PNC determines that Grantee has engaged in Detrimental Conduct; provided, however, that: (i) this Section 7.2(a) will not apply to Restricted Shares that remain outstanding after
Grantee’s Termination Date pursuant to Section 7.3 or Section 7.6, if any; (ii) no determination that Grantee has engaged in Detrimental Conduct may be made on or after the date of Grantee’s death; (iii) Detrimental
Conduct will not apply to conduct by or activities of successors to the Restricted Shares by will or the laws of descent and distribution in the event of Grantee’s death; and (iv) Detrimental Conduct will cease to apply to any Restricted
Shares upon a Change of Control. 
 (b) Judicial Criminal Proceedings. If any criminal charges are brought against
Grantee, in an indictment or in other analogous formal charges commencing judicial criminal proceedings, alleging the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the
Corporation, then to the extent that the Restricted Shares are still outstanding and have not yet become Awarded Shares, the Committee may determine to suspend the vesting of the Restricted Shares or to require the escrow of the proceeds of the
shares. 
 Any such suspension or escrow is subject to the following restrictions: 
 (1) It may last only until the earliest to occur of the following: 
 (A) resolution of the criminal proceedings in a manner that results in a conviction (including a plea of guilty or of nolo contendere) of
Grantee for, or any entry by Grantee into a pre-trial disposition with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation; 
 (B) resolution of the criminal proceedings in one of the following ways: (i) the charges as they relate to such alleged felony have
been dismissed (with or without prejudice); (ii) Grantee has been acquitted of such alleged felony; or (iii) a criminal proceeding relating to such alleged felony has been completed without resolution (for example, as a result of a
mistrial) and the relevant time period for recommencing criminal proceedings relating to such alleged felony has expired without any such recommencement; 
 (C) Grantee’s death; 
 (D) the occurrence of a Change of Control; or

 (E) termination of the suspension or escrow in the discretion of the Committee; and 

 (2) It may be imposed only if the Committee makes reasonable provision for the retention or
realization of the value of the Restricted Shares to Grantee as if no suspension or escrow had been imposed upon any termination of the suspension or escrow under clauses (1)(B) or (E) above. 
 If the suspension is terminated by the occurrence of an event set forth in clause (1)(A) above, the Restricted Shares will, upon such
occurrence, be automatically forfeited by Grantee to PNC and cancelled without payment of any consideration by PNC. 
 7.3 Death. In the event of Grantee’s death while an employee of the Corporation and prior to the fifth (5th) anniversary of the Award Date, all remaining applicable Continued Employment Performance Goals will be deemed to
have been achieved, and the Restricted Period or Periods with respect to all then outstanding Unvested Shares, if any, will terminate on the date of Grantee’s death. 
 The Restricted Shares which thereby become Awarded Shares will be released and reissued by PNC to, or at the proper direction of, Grantee’s legal representative pursuant to Section 9 as soon as
administratively practicable following such date. 
 7.4 Qualifying Disability Termination. 
 (a) In the event Grantee’s employment with the Corporation is terminated prior to the fifth (5th) anniversary of the Award Date by the Corporation by reason of
Grantee’s Disability, Unvested Shares will not be automatically forfeited on Grantee’s Termination Date. Instead, Unvested Shares will, subject to the forfeiture provisions of Section 7.2 and Section 7.4(b), remain outstanding
pending and subject to affirmative approval of the vesting of the Restricted Shares pursuant to this Section 7.4(a) by the Designated Person specified in Section A.13 of Annex A. 
 If such Unvested Shares are still outstanding but the Designated Person has not made a specific determination to either
approve or disapprove the vesting of the Unvested Shares or relevant portion thereof by the day immediately preceding the third (3rd) anniversary of the Award Date in the case of First Tranche shares, or the fourth (4th) or fifth (5th) anniversary of the Award Date in the case of Second or Third Tranche shares, respectively, then
the Restricted Period applicable to such shares will be automatically extended through the first to occur of: (1) the day the Designated Person makes a specific determination regarding such vesting; and (2) either (i) the ninetieth
(90th) day following the third (3rd) anniversary of the Award Date in the case of First Tranche
shares, or the fourth (4th) or fifth (5th) anniversary of the Award Date in the case of Second or Third
Tranche shares, respectively, if the Designated Person is the Chief Human Resources Officer of PNC, or (ii) the 180th day following such anniversary date if the Designated Person is the Committee or its delegate, whichever is
applicable; provided, however, if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b), the Restricted Period will be extended until the terms of such suspension have been satisfied. 
 If the vesting of the then outstanding Unvested Shares or relevant portion thereof is affirmatively approved by the Designated Person on or
prior to the last day of the applicable Restricted Period for the respective Tranche of shares, including any extension of such Restricted Period, if applicable, then the applicable Continued Employment Performance Goal with respect to such Tranche
of shares will be deemed to have been achieved, and the Restricted Period with respect to all Unvested Shares in such Tranche then outstanding, if any, will terminate as of the end of the day on the date of such approval. The Restricted Shares
outstanding at the termination of such applicable Restricted Period will become Awarded Shares and will be released and reissued by PNC pursuant to Section 9. 
 (b) If the Designated Person disapproves the vesting of Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval of vesting, then all
such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC on such disapproval date without payment of any consideration by PNC. 
 If by the end of the applicable Restricted Period, including any extension of such Restricted Period pursuant to the second paragraph of Section 7.4(a), if applicable, the Designated Person has
neither

 
affirmatively approved nor specifically disapproved the vesting of Unvested Shares that had remained outstanding after Grantee’s Termination Date pending and subject to affirmative approval
of vesting, then all such Unvested Shares that are still outstanding will be forfeited by Grantee to PNC at the close of business on the last day of the applicable Restricted Period without payment of any consideration by PNC. 
 7.5 Other Committee Authority. Prior to the third (3rd) anniversary of the Award Date in the case of the First Tranche shares, or the fourth
(4th) or fifth (5th) anniversary of the Award Date in the case of the Second or
Third Tranche shares, respectively, the Committee or its delegate may in their sole discretion, but need not, determine that, with respect to some or all of Grantee’s then outstanding Unvested Shares, the applicable Continued Employment
Performance Goal(s) with respect to such Tranche or Tranches of shares will be deemed to have been achieved and the Restricted Period with respect to some or all of the Unvested Shares in such Tranche or Tranches then outstanding, if any, will
terminate, all subject to such restrictions, terms or conditions as the Committee or its delegate may in their sole discretion determine. 
 7.6 Termination in Anticipation of a Change of Control. Notwithstanding anything in the Agreement to the contrary, if Grantee’s employment with the Corporation is terminated by the Corporation
prior to the fifth (5th) anniversary of the Award
Date and such termination is an Anticipatory Termination as defined in Section A.2 of Annex A, then: (i) all remaining applicable Continued Employment Performance Goals will be deemed to have been achieved and the Restricted Period or
Periods with respect to all then outstanding Unvested Shares, if any, will terminate as of the end of the day on the day immediately preceding Grantee’s Termination Date; and (ii) all Restricted Shares that thereby become Awarded Shares
will be released and reissued by PNC pursuant to Section 9 as soon as administratively practicable following such date. 
 8. Change of Control. Notwithstanding anything in the Agreement to the contrary, upon the occurrence of a Change of Control: (i) if Grantee is an employee of the Corporation as of the day immediately preceding the Change of
Control, all remaining applicable Continued Employment Performance Goals will be deemed to have been achieved and the Restricted Period or Periods with respect to all then outstanding Unvested Shares, if any, will terminate as of the day immediately
preceding the Change of Control; (ii) if Grantee’s employment with the Corporation terminated prior to the occurrence of the Change of Control but Unvested Shares remained outstanding after such termination of employment pursuant to
Section 7.4 and are still outstanding pending and subject to affirmative approval of the vesting of such shares by the Designated Person specified in Section A.13 of Annex A, then with respect to all such Unvested Shares outstanding as of
the day immediately preceding the Change of Control, such affirmative vesting approval will be deemed to have been given, the applicable Continued Employment Performance Goal or Goals will be deemed to have been achieved, and the applicable
Restricted Period or Periods will terminate, all as of the day immediately preceding the Change of Control; and (iii) all Restricted Shares that thereby become Awarded Shares will be released and reissued by PNC pursuant to Section 9 as
soon as administratively practicable following such date. 
 9. Termination of Restrictions; Payment to Legal
Representative. Except as otherwise directed by the Committee pursuant to the suspension or escrow provisions of Section 7.2(b), if and to the extent applicable, PNC will release and issue or reissue the outstanding whole Restricted Shares
that have not been forfeited and have become Awarded Shares upon satisfaction of all of the conditions of the Agreement with respect to such shares following termination of the applicable Restricted Period for such shares, without the legend
referred to in Section 3. 
 Upon release of shares that have satisfied all of the conditions of the Agreement with respect to such shares
and have become Awarded Shares in accordance with this Section 9, PNC or its designee will deliver such whole shares to, or at the proper direction of, Grantee or Grantee’s legal representative. 
 Any delivery of shares or other payment made in good faith by PNC to Grantee’s executor, administrator or other legal representative shall extinguish
all right to payment hereunder. 

 10. Payment of Taxes. 
 10.1 Internal Revenue Code Section 83(b) Election. In the event that Grantee makes an Internal Revenue Code Section 83(b)
election with respect to the Restricted Shares, Grantee shall satisfy all then applicable federal, state or local withholding tax obligations arising from that election (a) by payment of cash or (b) if and to the extent then permitted by
PNC and subject to such terms and conditions as PNC may from time to time establish, by physical delivery to PNC of certificates for whole shares of PNC common stock that are not subject to any contractual restriction, pledge or other encumbrance
and that have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or by a combination of cash and such stock. Any such tax
election shall be made pursuant to a form to be provided to Grantee by PNC on request. For purposes of this Section 10.1, shares of PNC common stock that are used to satisfy applicable withholding tax obligations will be valued at their Fair
Market Value on the date the tax withholding obligation arises. Grantee will provide to PNC a copy of any Internal Revenue Code Section 83(b) election filed by Grantee with respect to the Restricted Shares not later than ten (10) days
after the filing of such election. 
 10.2 Other Tax Liabilities. Where Grantee has not previously satisfied all
applicable withholding tax obligations, PNC will, at the time the tax withholding obligation arises with respect to any Restricted Shares, retain sufficient whole shares of PNC common stock from Restricted Shares that have become Awarded Shares to
satisfy the minimum amount of taxes then required to be withheld by the Corporation in connection with such shares. For purposes of this Section 10.2, shares of PNC common stock retained to satisfy applicable withholding tax requirements will
be valued at their Fair Market Value on the date the tax withholding obligation arises. 
 PNC will not retain more than the
number of shares sufficient to satisfy the minimum amount of taxes then required to be withheld in connection with the Restricted Shares. If Grantee desires to have an additional amount withheld above the required minimum, up to Grantee’s W-4
obligation if higher, and if PNC so permits, Grantee may elect to satisfy this additional withholding either: (a) by payment of cash; or (b) if and to the extent then permitted by PNC and subject to such terms and conditions as PNC may
from time to time establish, using whole shares of PNC common stock (either by physical delivery to PNC of certificates for the shares or through PNC’s share attestation procedure) that are not subject to any contractual restriction, pledge or
other encumbrance and that have been owned by Grantee for at least six (6) months and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed. Any such tax election shall be made
pursuant to a form provided by PNC. Shares of PNC common stock that are used for this purpose will be valued at their Fair Market Value on the date the tax withholding obligation arises. If Grantee’s W-4 obligation does not exceed the required
minimum withholding in connection with the Restricted Shares, no additional withholding may be made. 
 11. Employment.
Neither the Award and the issuance of the Restricted Shares nor any term or provision of the Agreement shall constitute or be evidence of any understanding, expressed or implied, on the part of PNC or any subsidiary to employ Grantee for any period
or in any way alter Grantee’s status as an employee at will. 
 12. Subject to the Plan and the Committee. In all
respects the Award and the Agreement are subject to the terms and conditions of the Plan, which has been made available to Grantee and is incorporated herein by reference; provided, however, the terms of the Plan shall not be considered an
enlargement of any benefits under the Agreement. Further, the Award and the Agreement are subject to any interpretation of, and any rules and regulations issued by, the Committee or its delegate or under the authority of the Committee, whether made
or issued before or after the Award Date. 
 13. Headings; Entire Agreement. Headings used in the Agreement are provided
for reference and convenience only, shall not be considered part of the Agreement, and shall not be employed in the construction of the Agreement. The Agreement constitutes the entire agreement between Grantee and PNC and supersedes all other
discussions, negotiations, correspondence, representations, understandings and agreements between the parties with respect to the subject matter hereof. 

 14. Grantee Covenants. 
 14.1 General. Grantee and PNC acknowledge and agree that Grantee has received adequate consideration with respect to enforcement of
the provisions of Sections 14 and 15 by virtue of receiving this Award (regardless of whether the Restricted Shares ultimately become Awarded Shares); that such provisions are reasonable and properly required for the adequate protection of the
business of PNC and its subsidiaries; and that enforcement of such provisions will not prevent Grantee from earning a living. 
 14.2 Non-Solicitation; No-Hire. Grantee agrees to comply with the provisions of subsections (a) and (b) of this Section 14.2 while employed by the Corporation and for a period of one year after Grantee’s
Termination Date regardless of the reason for such termination of employment. 
 (a) Non-Solicitation. Grantee shall not,
directly or indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, solicit, call on, do business with, or actively interfere with PNC’s or any
subsidiary’s relationship with, or attempt to divert or entice away, any Person that Grantee should reasonably know (i) is a customer of PNC or any subsidiary for which PNC or any subsidiary provides any services as of the Termination
Date, or (ii) was a customer of PNC or any subsidiary for which PNC or any subsidiary provided any services at any time during the twelve (12) months preceding the Termination Date, or (iii) was, as of the Termination Date,
considering retention of PNC or any subsidiary to provide any services. 
 (b) No-Hire. Grantee shall not, directly or
indirectly, either for Grantee’s own benefit or purpose or for the benefit or purpose of any Person other than PNC or any of its subsidiaries, employ or offer to employ, call on, or actively interfere with PNC’s or any subsidiary’s
relationship with, or attempt to divert or entice away, any employee of PNC or any of its subsidiaries, nor shall Grantee assist any other Person in such activities. 
 Notwithstanding the above, if Grantee’s employment with the Corporation is terminated by the Corporation and such termination is an Anticipatory Termination, then commencing immediately after such
Termination Date, the provisions of subsections (a) and (b) of this Section 14.2 will no longer apply and will be replaced with the following subsection (c): 
 (c) No-Hire. Grantee agrees that Grantee shall not, for a period of one year after the Termination Date, employ or offer to employ,
solicit, actively interfere with PNC’s or any PNC affiliate’s relationship with, or attempt to divert or entice away, any officer of PNC or any PNC affiliate. 
 14.3 Confidentiality. During Grantee’s employment with the Corporation, and thereafter regardless of the reason for termination of such employment, Grantee will not disclose or use in any way
any confidential business or technical information or trade secret acquired in the course of such employment, all of which is the exclusive and valuable property of the Corporation whether or not conceived of or prepared by Grantee, other than
(a) information generally known in the Corporation’s industry or acquired from public sources, (b) as required in the course of employment by the Corporation, (c) as required by any court, supervisory authority, administrative
agency or applicable law, or (d) with the prior written consent of PNC. 
 14.4 Ownership of Inventions. Grantee
shall promptly and fully disclose to PNC any and all inventions, discoveries, improvements, ideas or other works of inventorship or authorship, whether or not patentable, that have been or will be conceived and/or reduced to practice by Grantee
during the term of Grantee’s employment with the Corporation, whether alone or with others, and that are (a) related directly or indirectly to the business or activities of PNC or any of its subsidiaries or (b) developed with the use
of any time, material, facilities or other resources of PNC or any subsidiary (“Developments”). Grantee agrees to assign and hereby does assign to PNC or its designee all of Grantee’s right, title and interest, including copyrights
and patent rights, in and to all Developments. Grantee shall perform all actions and execute all instruments that PNC or any subsidiary shall deem necessary to protect or record PNC’s or its designee’s interests in the Developments. The
obligations of this Section 14.4 shall be performed by Grantee without further compensation and will continue beyond the Termination Date. 

 15. Enforcement Provisions. Grantee understands and agrees to the following
provisions regarding enforcement of the Agreement. 
 15.1 Governing Law and Jurisdiction. The Agreement is governed by
and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the
federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of the Agreement, Grantee and PNC hereby consent to the exclusive jurisdiction of such courts, and waive any right
to challenge jurisdiction or venue in such courts with regard to any suit, action, or proceeding under or in connection with the Agreement. 
 15.2 Equitable Remedies. A breach of the provisions of any of Sections 14.2, 14.3 or 14.4 will cause the Corporation irreparable harm, and the Corporation will therefore be entitled to issuance of
immediate, as well as permanent, injunctive relief restraining Grantee, and each and every person and entity acting in concert or participating with Grantee, from initiation and/or continuation of such breach. 
 15.3 Tolling Period. If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of
Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.

 15.4 No Waiver. Failure of PNC to demand strict compliance with any of the terms, covenants or conditions of the
Agreement will not be deemed a waiver of such term, covenant or condition, nor will any waiver or relinquishment of any such term, covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of such term,
covenant or condition. 
 15.5 Severability. The restrictions and obligations imposed by Sections 14.2, 14.3 and 14.4 are
separate and severable, and it is the intent of Grantee and PNC that if any restriction or obligation imposed by any of these provisions is deemed by a court of competent jurisdiction to be void for any reason whatsoever, the remaining provisions,
restrictions and obligations will remain valid and binding upon Grantee. 
 15.6 Reform. In the event any of Sections
14.2, 14.3 and 14.4 are determined by a court of competent jurisdiction to be unenforceable because unreasonable either as to length of time or area to which said restriction applies, it is the intent of Grantee and PNC that said court reduce and
reform the provisions thereof so as to apply the greatest limitations considered enforceable by the court. 
 15.7 Waiver of
Jury Trial. Each of Grantee and PNC hereby waives any right to trial by jury with regard to any suit, action or proceeding under or in connection with any of Sections 14.2, 14.3 and 14.4. 
 15.8 Applicable Law. Notwithstanding anything in the Agreement, PNC will not be required to comply with any term, covenant or
condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or as otherwise directed by one or more regulatory agencies having jurisdiction over PNC or any of its
subsidiaries. Further, to the extent, if any, applicable to Grantee, Grantee agrees to reimburse PNC for any amounts Grantee may be required to reimburse PNC or its subsidiaries pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and
agrees that PNC need not comply with any term, covenant or condition of the Agreement to the extent that doing so would require that Grantee reimburse PNC or its subsidiaries for such amounts pursuant to Section 304 of the Sarbanes-Oxley Act of
2002. 
 15.9. Compliance with Internal Revenue Code Section 409A. It is the intention of the parties that the Award
and the Agreement comply with the provisions of Section 409A of the Internal Revenue Code to the extent, if any, that such provisions are applicable to the Agreement, and the Agreement will be administered by PNC in a manner consistent with
this intent. 

 If any payments or benefits hereunder may be deemed to constitute nonconforming deferred
compensation subject to taxation under the provisions of Section 409A, Grantee agrees that PNC may, without the consent of Grantee, modify the Agreement and the Award to the extent and in the manner PNC deems necessary or advisable or take such
other action or actions, including an amendment or action with retroactive effect, that PNC deems appropriate in order either to preclude any such payments or benefits from being deemed “deferred compensation” within the meaning of
Section 409A or to provide such payments or benefits in a manner that complies with the provisions of Section 409A such that they will not be taxable thereunder. 
 16. Acceptance of Award; PNC Right to Cancel. If Grantee does not accept the Award by executing and delivering a copy of the
Agreement to PNC, without altering or changing the terms thereof in any way, within thirty (30) days of receipt by Grantee of a copy of the Agreement, PNC may, in its sole discretion, withdraw its offer and cancel the Award at any time prior to
Grantee’s delivery to PNC of a copy of the Agreement executed by Grantee. Otherwise, upon execution and delivery of the Agreement by both PNC and Grantee, the Agreement is effective as of the Award Date and the Restricted Shares will be issued
as soon thereafter as administratively practicable. 
 Grantee will not have any of the rights of a shareholder with respect to
the Restricted Shares as set forth in Section 4, and will not have the right to vote or to receive dividends in connection with such shares, until the date the Agreement is effective and the Restricted Shares are issued in accordance with this
Section 16. 
 In the event that one or more record dates for dividends on PNC common stock occur after the Award Date but
before the Agreement is effective in accordance with this Section 16 and the Restricted Shares are issued, then upon the effectiveness of the Agreement, the Corporation will make a cash payment to Grantee equivalent to the amount of the
dividends Grantee would have received had the Restricted Shares been issued on the Award Date. Any such amount will be payable in accordance with applicable regular payroll practice as in effect from time to time for similarly situated employees.

 IN WITNESS WHEREOF, PNC has caused the Agreement to be signed on its behalf as
of the Award Date. 
  

			
	THE PNC FINANCIAL SERVICES GROUP, INC.
		
	By:	 	  

		 	Chairman and Chief Executive Officer
	
	ATTEST:
		
	By:	 	  

		 	Corporate Secretary
	
	ACCEPTED AND AGREED TO by GRANTEE
	
	  

	Grantee

 ANNEX A 
 CERTAIN DEFINITIONS 
 * * * 
 A.1 “Agreement,” “Award,” and “Award Date.” “Agreement” means the Restricted
Stock Award Agreement between PNC and Grantee evidencing the Award made to Grantee pursuant to the Plan. “Award” means the Award made to Grantee pursuant to the Plan and evidenced by the Agreement. “Award Date” means the Award
Date set forth on page 1 of the Agreement and is the date as of which the Restricted Shares are authorized to be granted by the Committee or its delegate in accordance with the Plan. 
 A.2 “Anticipatory Termination.” If Grantee’s employment with the Corporation is terminated by the Corporation other
than for Cause, death or Disability prior to the date on which a Change of Control occurs, and if it is reasonably demonstrated by Grantee that such termination of employment (i) was at the request of a third party that has taken steps
reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, such a termination of employment is an “Anticipatory Termination.” 
 For purposes of this definition, “Cause” shall mean: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Grantee by the Board or the CEO which specifically identifies the manner in which the Board or the CEO believes
that Grantee has not substantially performed Grantee’s duties; or 
 (b) the willful engaging by Grantee in illegal conduct
or gross misconduct that is materially and demonstrably injurious to PNC or any of its subsidiaries. 
 For purposes of the
preceding clauses (a) and (b), no act or failure to act, on the part of Grantee, shall be considered willful unless it is done, or omitted to be done, by Grantee in bad faith and without reasonable belief that Grantee’s action or omission
was in the best interests of the Corporation. Any act, or failure to act, based upon the instructions or prior approval of the Board, the CEO or Grantee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively
presumed to be done, or omitted to be done, by Grantee in good faith and in the best interests of the Corporation. 
 The
cessation of employment of Grantee will be deemed to be a termination of Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when there shall have been delivered to Grantee, as part of the notice of
Grantee’s termination, a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on
the basis of clear and convincing evidence that, in the good faith opinion of the Board, Grantee is guilty of conduct described in clause (a) or clause (b) above and, in either case, specifying the particulars thereof in detail. Such
resolution shall be adopted only after (i) reasonable notice of such Board meeting is provided to Grantee, together with written notice that PNC believes that Grantee is guilty of conduct described in clause (a) or clause (b) above
and, in either case, specifying the particulars thereof in detail, and (ii) Grantee is given an opportunity, together with counsel, to be heard before the Board. 
 A.3 “Awarded Shares.” Provided that the Restricted Shares are then outstanding and have not been forfeited, Restricted Shares become “Awarded Shares” when all of the
following have occurred: (a) the Continued Employment Performance Goal or Goals applicable to such Restricted Shares have been achieved or are deemed to have been achieved pursuant to the terms of the Agreement; (b) the Restricted Period
or Periods applicable to such Restricted Shares have terminated; and (c) if the Committee has acted to suspend the vesting of the Restricted Shares pursuant to Section 7.2(b) of the Agreement, the terms of such suspension have been
satisfied and the Restricted Shares have not been forfeited. 
 A.4 “Board” means the Board of Directors of
PNC. 

 A.5 “Cause.” Except as otherwise provided in Section A.2, “Cause”
means: 
 (a) the willful and continued failure of Grantee to substantially perform Grantee’s duties with the Corporation
(other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Grantee by PNC that specifically identifies the manner in which it is believed that Grantee
has not substantially performed Grantee’s duties; 
 (b) a material breach by Grantee of (1) any code of conduct of
PNC or one of its subsidiaries or (2) other written policy of PNC or a subsidiary, in either case required by law or established to maintain compliance with applicable law; 
 (c) any act of fraud, misappropriation, material dishonesty, or embezzlement by Grantee against PNC or one of its subsidiaries or any client
or customer of PNC or a subsidiary; 
 (d) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or
entry by Grantee into a pre-trial disposition with respect to, the commission of a felony; or 
 (e) entry of any order against
Grantee, by any governmental body having regulatory authority with respect to the business of PNC or any of its subsidiaries, that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 

Except as otherwise provided in Section A.2, the cessation of employment of Grantee will be deemed to have been a termination of
Grantee’s employment with the Corporation for Cause for purposes of the Agreement only if and when the CEO or his or her designee (or, if Grantee is the CEO, the Board) determines that Grantee is guilty of conduct described in clause (a),
(b) or (c) above or that an event described in clause (d) or (e) above has occurred with respect to Grantee and, if so, determines that the termination of Grantee’s employment with the Corporation will be deemed to have been
for Cause. 
 A.6 “CEO” means the chief executive officer of PNC. 
 A.7 “Change of Control” means: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”)
becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of PNC (the “Outstanding PNC Common Stock”) or (B) the
combined voting power of the then-outstanding voting securities of PNC entitled to vote generally in the election of directors (the “Outstanding PNC Voting Securities”); provided, however, that, for purposes of this Section A.7(a), the
following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from PNC, (2) any acquisition by PNC, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PNC or
any company controlled by, controlling or under common control with PNC (an “Affiliated Company”), (4) any acquisition pursuant to an Excluded Combination (as defined in Section A.7(c)) or (5) an acquisition of beneficial
ownership representing between 20% and 40%, inclusive, of the Outstanding PNC Voting Securities or Outstanding PNC Common Stock shall not be considered a Change of Control if the Incumbent Board as of immediately prior to any such acquisition
approves such acquisition either prior to or immediately after its occurrence; 
 (b) Individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by PNC’s shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual was
a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar transaction involving PNC or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of PNC, or the acquisition of assets or stock of another entity by PNC or any of its subsidiaries (each, a
“Business Combination”), excluding, however, a Business Combination following which all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding PNC Common Stock and the Outstanding PNC Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of
the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including,
without limitation, an entity that, as a result of such transaction, owns PNC or all or substantially all of PNC’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately
prior to such Business Combination of the Outstanding PNC Common Stock and the Outstanding PNC Voting Securities, as the case may be (such a Business Combination, an “Excluded Combination”); or 
 (d) Approval by the shareholders of PNC of a complete liquidation or dissolution of PNC. 
 A.8 “Committee” means the Personnel and Compensation Committee of the Board or such person or persons as may be designated
or appointed by that committee as its delegate or designee. 
 A.9 “Competitive Activity” means any
participation in, employment by, ownership of any equity interest exceeding one percent (1%) in, or promotion or organization of, any Person other than PNC or any of its subsidiaries (a) engaged in business activities similar to some or
all of the business activities of PNC or any subsidiary as of Grantee’s Termination Date or (b) engaged in business activities which Grantee knows PNC or any subsidiary intends to enter within the first twelve (12) months after
Grantee’s Termination Date or, if later and if applicable, after the date specified in clause (ii) of Section A.14(a), in either case whether Grantee is acting as agent, consultant, independent contractor, employee, officer, director,
investor, partner, shareholder, proprietor or in any other individual or representative capacity therein. 
 A.10
“Consolidated Subsidiary” means a corporation, bank, partnership, business trust, limited liability company or other form of business organization that (1) is a consolidated subsidiary of PNC under generally accepted accounting
principles and (2) satisfies the definition of “service recipient” under Section 409A of the Internal Revenue Code. 
 A.11 “Continued Employment Performance Goal” means: (a) with respect to shares in the First Tranche of Restricted Shares, the Three-Year Continued Employment Performance Goal;
(b) with respect to shares in the Second Tranche of Restricted Shares, the Four-Year Continued Employment Performance Goal; and (c) with respect to shares in the Third Tranche of Restricted Shares, the Five-Year Continued Employment
Performance Goal, as applicable. 
 A.12 “Corporation” means PNC and its Consolidated Subsidiaries. 

A.13 “Designated Person” will be either: (a) the Committee or its delegate, if Grantee was a member of the
Corporate Executive Group (or equivalent successor classification) or was subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to PNC securities when he or she ceased to be an employee of the Corporation; or
(b) the Chief Human Resources Officer of PNC, if Grantee is not within one of the groups specified in Section A.13(a). 

 A.14 “Detrimental Conduct” means: 
 (a) Grantee has engaged, without the prior written consent of PNC (with consent to be given at PNC’s sole
discretion), in any Competitive Activity in the continental United States at any time during the period commencing on Grantee’s Termination Date and extending through (and including) the first (1st) anniversary of the later of (i) Grantee’s Termination Date and, if different,
(ii) the first date after Grantee’s Termination Date as of which Grantee ceases to have a service relationship with the Corporation; 
 (b) any act of fraud, misappropriation, or embezzlement by Grantee against PNC or one of its subsidiaries or any client or customer of PNC or one of its subsidiaries; or 
 (c) any conviction (including a plea of guilty or of nolo contendere) of Grantee for, or any entry by Grantee into a pre-trial disposition
with respect to, the commission of a felony that relates to or arises out of Grantee’s employment or other service relationship with the Corporation. 
 Grantee will be deemed to have engaged in Detrimental Conduct for purposes of the Agreement only if and when the Committee (if Grantee was an “executive officer” of PNC as defined in SEC
Regulation S-K when he or she ceased to be an employee of the Corporation) or the CEO or his or her designee (if Grantee was not such an executive officer), whichever is applicable, determines that Grantee has engaged in conduct described in clause
(a) or clause (b) above or that an event described in clause (c) above has occurred with respect to Grantee, and, if so, determines that Grantee will be deemed to have engaged in Detrimental Conduct. 
 A.15 “Disabled” or “Disability” means, except as may otherwise be required by Section 409A of the
Internal Revenue Code, that Grantee either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for
a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, receiving (and has received for at least three months) income replacement benefits under any Corporation-sponsored disability benefit plan. If Grantee has been determined to be eligible for Social Security disability benefits, Grantee shall
be presumed to be Disabled as defined herein. 
 A.16 “Fair Market Value” as it relates to a share of PNC
common stock as of any given date means the average of the reported high and low trading prices on the New York Stock Exchange (or such successor reporting system as PNC may select) for a share of PNC common stock on such date, or, if no PNC common
stock trades have been reported on such exchange for that day, the average of such prices on the next preceding day and the next following day for which there were reported trades. 
 A.17 “Five-Year Continued Employment Performance Goal” means, subject to early achievement if so
determined by the Committee or its delegate or to deemed achievement pursuant to Section 7.3, Section 7.4, Section 7.6, or Section 8 of the Agreement, if applicable, that Grantee has been continuously employed by the Corporation
for the period from the Award Date through (and including) the day immediately preceding the first of the following to occur: (a) the fifth (5th) anniversary of the Award Date; (b) the date of Grantee’s death; and (c) the day a Change of
Control is deemed to have occurred. 
 A.18 “Four-Year Continued Employment Performance
Goal” means, subject to early achievement if so determined by the Committee or its delegate or to deemed achievement pursuant to Section 7.3, Section 7.4, Section 7.6, or Section 8 of the Agreement, if applicable, that
Grantee has been continuously employed by the Corporation for the period from the Award Date through (and including) the day immediately preceding the first of the following to occur: (a) the fourth (4th) anniversary of the Award Date; (b) the date of
Grantee’s death; and (c) the day a Change of Control is deemed to have occurred. 
 A.19 “GAAP” or
“generally accepted accounting principles” means accounting principles generally accepted in the United States of America. 
 A.20 “Grantee” means the person to whom the Restricted Stock Award is granted, and is identified as Grantee on page 1 of the Agreement. 

 A.21 “Internal Revenue Code” means the Internal Revenue Code of 1986 as
amended, and the rules and regulations promulgated thereunder. 
 A.22 “PNC” means The PNC Financial Services
Group, Inc. 
 A.23 “Restricted Period.” The applicable Restricted Period for Restricted Shares means, subject
to early termination if so determined by the Committee or its delegate or pursuant to Section 7.6 of the Agreement, if applicable, the period set forth in the applicable subsection below: 
 (a) For First Tranche Shares: with respect to shares in the First Tranche of Restricted Shares, the period from
the Award Date through (and including) the earlier of: (i) the date of Grantee’s death; (ii) the day immediately preceding the day a Change of Control is deemed to have occurred; and (iii) the day immediately preceding the third
(3rd) anniversary of the Award Date or, if later, the
last day of any extension of the Restricted Period pursuant to Section 7.4(a) of the Agreement, if applicable; 
 (b) For Second Tranche Shares: with respect to shares in the Second Tranche of Restricted Shares, the period from the Award Date through (and including) the earlier of: (i) the date of
Grantee’s death; (ii) the day immediately preceding the day a Change of Control is deemed to have occurred; and (iii) the day immediately preceding the fourth (4th) anniversary of the Award Date or, if later, the last day of any extension of the Restricted Period pursuant to
Section 7.4(a) of the Agreement, if applicable; and 
 (c) For Third Tranche Shares: with
respect to shares in the Third Tranche of Restricted Shares, the period from the Award Date through (and including) the earlier of: (i) the date of Grantee’s death; (ii) the day immediately preceding the day a Change of Control is
deemed to have occurred; and (iii) the day immediately preceding the fifth (5th) anniversary of the Award Date or, if later, the last day of any extension of the Restricted Period pursuant to Section 7.4(a) of the Agreement, if applicable. 
 A.24 “SEC” means the United States Securities and Exchange Commission. 
 A.25 “Service relationship” or “having a service relationship with the Corporation” means being engaged by
the Corporation in any capacity for which Grantee receives compensation from the Corporation, including but not limited to acting for compensation as an employee, consultant, independent contractor, officer, director or advisory director.

 A.26 “Termination Date” means Grantee’s last date of employment with the Corporation. If Grantee is
employed by a Consolidated Subsidiary that ceases to be a subsidiary of PNC or ceases to be a consolidated subsidiary of PNC under generally accepted accounting principles and Grantee does not continue to be employed by PNC or a Consolidated
Subsidiary, then for purposes of the Agreement, Grantee’s employment with the Corporation terminates effective at the time this occurs. 
 A.27 “Three-Year Continued Employment Performance Goal” means, subject to early achievement if so determined by the Committee or its delegate or to deemed achievement pursuant to
Section 7.3, Section 7.4, Section 7.6, or Section 8 of the Agreement, if applicable, that Grantee has been continuously employed by the Corporation for the period from the Award Date through (and including) the day immediately
preceding the first of the following to occur: (a) the third (3rd) anniversary of the Award Date; (b) the date of Grantee’s death; and (c) the day a Change of Control is deemed to have occurred. 
 A.28 “Tranche(s)” or “First, Second or Third Tranche” have the meanings set forth in Section 2 of the
Agreement. 
 A.29 “Unvested Shares” means any Restricted Shares that are outstanding but have not yet become
Awarded Shares in accordance with the terms of the Agreement.Seperation of Employment and General Release Agreement

 Exhibit 10.2 
 SEPARATION OF EMPLOYMENT AND GENERAL RELEASE AGREEMENT 
 THIS SEPARATION OF EMPLOYMENT AND GENERAL RELEASE AGREEMENT (the “Agreement”) is made by and between Novell, Inc. (the “Company”) and Jeffrey M. Jaffe (“Executive”), as of the Effective
Date (as defined below). 
 WHEREAS, Executive formerly was employed by the Company as Executive Vice President, Chief
Technology Officer of the Company; 
 WHEREAS, Executive and Company entered into the Severance Agreement, dated
November 28, 2005 (the “Severance Agreement”), which provides for certain benefits in the event that Executive’s employment is terminated on account of a reason set forth in the Severance Agreement, and is incorporated by
reference herein; 
 WHEREAS, Executive and the Company mutually desire to terminate Executive’s employment on an amicable
basis, such termination to be effective January 31, 2010 (“Date of Resignation”); and 
 WHEREAS, in
connection with the termination of Executive’s employment, the parties have agreed to a separation package and the resolution of any and all disputes between them. 
 NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows: 
 1.
Release by Executive: 
 (a) Executive, for and in consideration of the commitments of the Company as set forth in
Paragraph 3 of this Agreement, and intending to be legally bound, does hereby REMISE, RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries and parents, and its officers, directors, employees, and agents, and its and their
respective successors and assigns, heirs, executors, and administrators (collectively, “Releasees”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive ever had, now has, or
hereafter may have, whether known or unknown, or which Executive’s heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of Executive’s employment to the date of this
Agreement, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to Executive’s employment relationship with the Company, the terms and conditions of that employment
relationship, and the termination of that employment relationship, including, but not limited to, any claims arising under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, Title VII of The Civil Rights Act of 1964,
the Americans with Disabilities Act, the Family and Medical Leave Act of 1993, the Employee Retirement Income Security Act of 1974, Chapter 151B of the Massachusetts General Laws, the Massachusetts Civil Rights Act, and any other claims under any
federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for attorneys’ fees and costs. This Agreement is effective without regard to the legal nature of the claims raised and without
regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. 

 (b) To the fullest extent permitted by law, and subject to the provisions of Paragraph 9(a)
below, Executive represents and affirms that (i) Executive has not filed or caused to be filed on Executive’s behalf any claim for relief against the Company or any Releasee and, to the best of Executive’s knowledge and belief, no
outstanding claims for relief have been filed or asserted against the Company or any Releasee on Executive’s behalf; (ii) Executive has not reported any improper, unethical or illegal conduct or activities to any supervisor, manager,
department head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or to the ethics hotline, and has no knowledge of any such improper, unethical or
illegal conduct or activities; and (iii) Executive will not file, commence, prosecute or participate in any judicial or arbitral action or proceeding against the Company or any Releasee based upon or arising out of any act, omission,
transaction, occurrence, contract, claim or event existing or occurring on or before the date of this Agreement. 
 2. Future Conduct:

 (a) Nondisclosure, Nonsolicitation and Noncompetition: In consideration of the Company’s agreements as set forth
in Paragraph 3 below, Executive agrees to comply with the restrictive covenants described in Sections 10 and 11 of the Severance Agreement relating to nondisclosure of confidential information, nonsolicitation of employees and noncompetition.

 (b) Separation of Relationship: Executive agrees and recognizes that he has permanently and irrevocably severed his
employment relationship with the Company, that Executive shall not seek employment with the Company or any affiliated entity at any time in the future, and that the Company has no obligation to employ him in the future. 
 (c) Nondisparagement: Executive agrees that he will not disparage or subvert the Company, or make any statement reflecting negatively
on the Company, its affiliated corporations or entities, or any of their officers, directors, employees, agents or representatives, including, but not limited to, any matters relating to the operation or management of the Company, Executive’s
employment and the termination of Executive’s employment, irrespective of the truthfulness or falsity of such statement. The Company similarly agrees that its officers and directors will not disparage or subvert Executive. 
 3. Consideration Provided by the Company to the Executive: In consideration for Executive’s agreements as set forth herein, and provided
Executive executes and does not revoke this Agreement, the Company agrees to provide the following payments and benefits: 
 (a)
Payment: Company will pay to Executive $813,630.13, less applicable tax withholdings, which represents (i) $675,000.00 which is 150% of Executive’s Base Pay (as defined in the Severance Agreement), plus (ii) $138,630.13, which
is Executive’s pro rated Incentive Pay (as defined in the Severance Agreement). Such amount will be paid as follows: One payment in the amount of $406,815.07, less applicable tax withholdings, will be made on the first payroll date to occur
after July 31, 2010, which is six (6) months following the Date of Resignation. The remaining balance (i.e., $406,815.06) will be paid in equal installments, less applicable tax withholdings, over a six (6) month period, consistent
with the Company’s ordinary payroll practices, commencing with the first payroll date to occur after July 31, 2010. 
  

 2 

 (b) Continued Benefits Coverage: 
 (i) For a period of twelve (12) months following Executive’s Date of Resignation (the “Health Benefits
Period”), Executive shall continue to receive the medical and dental coverage in effect on Executive’s Date of Resignation (or generally comparable coverage) for Executive and, where applicable, Executive’s spouse and dependents,
at the premium rate under the Company’s medical and dental plans applicable on Executive’s Date of Resignation, as if Executive had continued in employment during such period. In order to receive such continued coverage, Executive shall be
required to pay to the Company, within ten (10) days following the Date of Resignation, an amount equal to the total cost of the premium under the Company’s medical and dental plans to continue the Company’s medical and dental
coverage for Executive, and where applicable, Executive’s spouse and dependents during the Health Benefits Period (the “Health Premium Payment”). Within thirty (30) days following receipt of the Health Premium Payment, the
Company shall reimburse to Executive the Health Premium Payment (the “Health Reimbursement”). The Health Reimbursement is intended to qualify for the exception from deferred compensation as a medical benefit provided in accordance
with the requirements of Treas. Reg. §1.409A-1(b)(9)(v)(B), and shall be reimbursed to Executive in a manner that complies with the requirements of Treas. Reg. §1.409A-3(i)(1)(iv). The parties specifically acknowledge that the Health
Premium Payment and Health Reimbursement shall be paid or provided, as applicable, on an after-tax basis. 
 (ii)
The COBRA health care continuation coverage period under section 4980B of the Code, or any replacement or successor provision of United States tax law, shall, if permitted by law and applicable plan terms, commence immediately after the Health
Benefits Period and continue until the earlier of (A) the end of the applicable COBRA health care continuation coverage period, or (B) the date on which the Executive is covered by the medical and dental coverage of his successor employer,
if any. 
 (iii) Executive specifically acknowledges and agrees that the Health Benefit is being provided to
Executive to the extent Executive does not have alternative health coverage elsewhere during the Health Benefits Period. To that end, Executive agrees to inform the Company of any alternative health coverage no later than five (5) business days
of becoming eligible for coverage under such alternative coverage and repay the Company the portion of the Health Reimbursement attributable to the number of months Executive is eligible for such alternative coverage during the Health Benefits
Period and for such months alternative coverage is not elected. 
  

 3 

 (c) Acceleration of Equity: 
 (i) With respect to Company stock options held by Executive as of Executive’s Date of Resignation, that portion of Executive’s
stock options, if any, which would have vested and become exercisable by virtue of the passage of time within the one (1) year period after Executive’s Date of Resignation shall become vested and exercisable as of Executive’s Date of
Resignation. Such options, plus any other options that previously became exercisable and have not expired or been exercised, will remain exercisable, notwithstanding anything in any other agreement governing such options, for the longer of:
(A) six (6) months after Executive’s Date of Resignation; or (B) the period set forth in the award agreement covering the option, subject in either case only to the original term of the option. Except as otherwise set forth
herein and the Severance Agreement, any stock options held by Executive that are not exercisable as of Executive’s Date of Resignation shall terminate as of Executive’s Date of Resignation. 
 (ii) With respect to any shares of Company common stock that are held by Executive that are, at the time of Executive’s Date of
Resignation, subject to the Company’s repurchase right upon termination of Executive’s employment (“Restricted Stock”), the Company waives such repurchase right as to the number of shares of such Restricted Stock that would have
become no longer subject to the Company’s repurchase right by virtue of the passage of time within the one (1) year period after Executive’s Date of Resignation. 
 (iii) With respect to Restricted Stock Units (RSUs) held by Executive as of Executive’s Date of Resignation, that portion of
Executive’s RSUs, if any, which would have vested solely by virtue of the passage of time within the one (1) year period after Executive’s Date of Resignation shall become vested as of Executive’s Date of Resignation, and shall
be payable to Executive in accordance with the terms of the relevant Company equity compensation plan under which such RSUs were granted and in accordance with the applicable grant instrument. 
 (iv) With respect to Company stock options, Restricted Stock or RSUs that contain a vesting provision or right or repurchase tied to the
Company’s or Executive’s performance, for a period of one (1) year following the Date of Resignation, and subject to the terms and conditions of the equity compensation plans and equity grant agreements under which they are granted,
Executive shall remain eligible to (i) become vested in any Company stock options or RSUs held by Executive as of the Termination date; and (ii) have any applicable repurchase rights lapse for any Restricted Stock held by Executive as of
the Termination Date. Notwithstanding the foregoing, for purposes of enforcing this provision only, any requirement that Executive be employed by the Company during such one (1)-year period or on the otherwise applicable vesting date or the date on
which restrictions were scheduled to lapse shall be disregarded. 
 (d) Outplacement Services: Company will pay the cost
of outplacement assistance services for Executive that are actually provided by an outplacement agency selected by Executive, with prior approval from the Company (such approval not to be unreasonably withheld), in an amount not to exceed twenty
percent (20%) of Executive’s Base Pay (i.e., $ 90,000.00). Such services must be provided to Executive within the twelve (12) month period

  

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following the Date of Resignation. In lieu of the outplacement assistance benefit set forth above, Executive may elect, no later than six (6) months following the Date of Resignation, to
receive a lump sum payment of $25,000.00 (less applicable tax withholdings). Executive must provide written notice of such election which must be received by the Company no later than six (6) months following the Date of Resignation. In the
event Executive elects to receive the lump sum payment alternative, Executive agrees that any amounts paid by the Company (or incurred by Executive and not yet paid) for outplacement assistance services for Executive will be deducted from the
$25,000.00 payment amount. If such alternative is elected, payment will be made on the first reasonably practicable payroll period to occur following the Company’s receipt of Executive’s election, but, in any event, not prior to the first
payroll date to occur after July 31, 2010. Once elected, the lump sum alternative may not be revoked by Executive. 
 (e)
Mobile Telephone: The Company will allow you to keep your corporate issued mobile telephone through surplus, subject to it being wiped of Company confidential or proprietary information. 
 (f) Acknowledgment of Consideration by Executive: Executive understands and agrees that the payments, benefits and agreements
provided in this Agreement are being provided to him in consideration for Executive’s acceptance and execution of, and in reliance upon Executive’s representations in, this Agreement. Executive acknowledges that if Executive does not
execute this Agreement containing restrictive covenants and a release of all claims against the Company, Executive will be entitled only to the payments provided in the Company’s standard severance pay plan for employees. 
 4. Additional Payments: Executive shall receive a payment reflecting any salary and earned, accrued but unused Flexible Time Off as of
Executive’s Date of Resignation, payable in a lump sum, and any benefits accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Company. 
 5. No Further Payment Obligation: Except as set forth in this Agreement, it is expressly agreed and understood that Releasees do not have, and will not have, any obligations to provide Executive at
any time in the future with any payments, benefits or considerations other than those required by law, or those under the terms of any benefit plans which provide benefits or payments to former employees according to their terms. All payments and
benefits under this Agreement shall be made subject to applicable tax withholding, and the Company shall withhold from any payment or benefit under this Agreement all foreign, federal, state, local and other taxes that the Company is required to
withhold pursuant to any law or governmental rule or regulation. Executive shall bear all expense of, and be solely responsible for, all foreign, federal, state, local and other taxes due with respect to any payment received under this Agreement.

 6. Other Agreements: Executive acknowledges and agrees that the Company previously has satisfied any and all obligations owed to him
under any employment agreement or offer letter Executive has with the Company and, further, that this Agreement supersedes any employment agreement or offer letter Executive has with the Company. Any and all other prior agreements or understandings,
whether written or oral, between the parties shall remain in full force and effect, including, but not limited to, the Intellectual Property, Non-Disclosure Agreement and Non-Solicitation Agreement dated November 7, 2005 (“Intellectual
Property Agreement”), but,

  

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with the exception of the Intellectual Property Agreement, only to the extent not inconsistent with this Agreement. Further, except as set forth expressly herein, no promises or representations
have been made to him in connection with the termination of Executive’s employment, employment agreement, if any, or offer letter, if any, with the Company, or the terms of this Agreement. In addition, the Severance Agreement is incorporated by
reference herein. 
 7. Confidentiality of this Agreement: Executive agrees not to disclose the terms of this Agreement, and any
preliminary discussions relating to this Agreement, to anyone, except Executive’s spouse, attorney and, as necessary, tax/financial advisor. Likewise, the Company agrees that the terms of this Agreement will not be disclosed except as required
by law or as may be necessary to obtain approval or authorization to fulfill its obligations hereunder. It is expressly understood that any violation of the confidentiality obligation imposed hereunder constitutes a material breach of this
Agreement. 
 8. Return of Company Property: Executive represents that he does not presently have in his possession any records and
business documents, whether on computer or hard copy, and other materials (including but not limited to computer disks and tapes, computer programs and software, office keys, correspondence, files, customer lists, technical information, customer
information, pricing information, business strategies and plans, sales records and all copies thereof) (collectively, the “Corporate Records”) provided by the Company and/or its predecessors, subsidiaries or affiliates or obtained as a
result of Executive’s prior employment with the Company and/or its predecessors, subsidiaries or affiliates, or created by Executive while employed by or rendering services to the Company and/or its predecessors, subsidiaries or affiliates.
Executive acknowledges that all such Corporate Records are the property of the Company. In addition, Executive shall promptly return in good condition any and all Company owned equipment or property, including, but not limited to, automobiles,
personal data assistants, facsimile machines, copy machines, pagers, credit cards, business cards, laptops and computers. As of the Date of Resignation, the Company will make arrangements to remove, terminate or transfer any and all business
communication lines including network access, cellular phone, fax line and other business numbers. 
 9. Future Legal Process:

 (a) Nothing in this Agreement shall prohibit or restrict Executive from: (i) making any disclosure of information
required by law; (ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by, any federal regulatory or law enforcement agency or legislative body, any self-regulatory organization, or the
Company’s Compliance and Ethics Committee and its designees; or (iii) filing, testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or
any rule or regulation of the Securities and Exchange Commission or any self-regulatory organization. 
 (b) The parties agree
and acknowledge that the agreements by the Company described herein, and the settlement and termination of any asserted or unasserted claims against the Releasees, are not and shall not be construed to be an admission of any violation of any
federal, state or local statute or regulation, or of any duty owed by any of the Releasees to Executive. 
  

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 (c) Executive agrees and recognizes that should Executive breach any of the obligations or
covenants set forth in this Agreement, the Company will have no further obligation to provide Executive with the consideration set forth herein, and will have the right to seek repayment of all consideration paid up to the time of any such breach.
Further, Executive acknowledges in the event of a breach of this Agreement, Releasees may seek any and all appropriate relief for any such breach, including equitable relief and/or money damages, attorney’s fees and costs. 
 (d) Executive further agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity of
proving actual damages, as well as to an equitable accounting of all earnings, profits and other benefits arising from any violations of this Agreement, which rights shall be cumulative and in addition to any other rights or remedies to which the
Company may be entitled. 
 10. Choice of Law: This Agreement and the obligations of the parties hereunder shall be construed,
interpreted and enforced in accordance with the laws of the Commonwealth of Massachusetts. 
 11. Effective Date: This Agreement shall be
effective as of the date the Agreement is fully executed by both parties and following the revocation period described below in Section 12(f) (the “Effective Date”). 
 12. Certifications and Acknowledgments by Executive: Executive certifies and acknowledges as follows: 
 (a) That Executive has read the terms of this Agreement, and that Executive understands its terms and effects, including the fact that
Executive has agreed to RELEASE AND FOREVER DISCHARGE the Company and each and every one of its affiliated entities from any legal action arising out of Executive’s employment relationship with the Company and the termination of that employment
relationship; 
 (b) That Executive has signed this Agreement voluntarily and knowingly in exchange for the consideration
described herein, which Executive acknowledges is adequate and satisfactory to him and which Executive acknowledges is in addition to any other benefits to which Executive is otherwise entitled; 
 (c) That Executive has been and is hereby advised in writing to consult with an attorney prior to signing this Agreement; 
 (d) That Executive does not waive rights or claims that may arise after the date this Agreement is executed; 
 (e) That the Company has provided him with a period of forty-five (45) days within which to consider this Agreement, and that Executive
has signed on the date indicated below after concluding that this Separation of Employment Agreement and General Release is satisfactory to him; and 
  

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 (f) Executive acknowledges that this Agreement may be revoked by him within seven
(7) days after execution, and it shall not become effective until the expiration of such seven (7) day revocation period. In the event of a timely revocation by Executive, this Agreement will be deemed null and void and the Company will
have no obligations hereunder. 
 13. Successors: 
 (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the
Company to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the
Company and any successor to the Company, including without limitation to any persons acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or
otherwise (and such successor will thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company. 
 (b) This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors,
administrators, successors, heirs, distributes and legatees. 
 (c) This Agreement is personal in nature and neither of the
parties hereto will, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided herein. Without limiting the generality or effect of the foregoing, the
Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the Executive’s will or by the laws of descent
and distribution and, in the event of any attempted assignment or transfer contrary to this Section 13(c), the Company will have no liability to pay any amount so attempted to be assigned, transferred or delegated. 
 14. Effect of 409A: 
 (a)
This Agreement shall be interpreted to avoid any penalty sanctions under section 409A of the Code. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under section 409A, then such benefit or
payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. All payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service”
under section 409A of the Code. For purposes of section 409A of the Code, each payment made under this Agreement shall be treated as a separate payment, the right to a series of installment payments shall be treated as the right to a series of
separate payments and if a payment is not made by the designated payment date under this Agreement, the payment shall be made by December 31 of the calendar year in which the designated date occurs. In no event may Executive, directly or
indirectly, designate the calendar year of payment. 
  

 8 

 (b) All reimbursements provided under this Agreement shall be made or provided in accordance
with the requirements of section 409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement),
(ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the
last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement is not subject to liquidation or exchange for another benefit. 
 INTENDING TO BE LEGALLY BOUND HEREBY, Executive and the Company executed the foregoing Separation of Employment Agreement and General
Release this          day of
                                    , 2010. 
  

	
	
	  
	Jeffrey M. Jaffe

  

			
	NOVELL, INC.
		
	By:	 	 
	Name:	 	Russell Poole
	Its:	 	Sr. Vice President — Human Resources

  

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