Document:

PNC Financial ERISA Excess Pension Plan

 Exhibit 10.4 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 ERISA EXCESS PENSION PLAN 
 Amended and Restated 
 (Effective as of
January 1, 2009) 
 WHEREAS, The PNC Financial Services Group, Inc. (the “Corporation”) previously adopted and presently
maintains The PNC Financial Services Group, Inc. ERISA Excess Pension Plan (the “Plan”), originally effective as of December 1, 1984, and amended and restated the Plan in its entirety effective as of January 1, 1999 and effective
as of April 6, 2004, and subsequently amended the Plan by an Amendment dated September 17, 2007; 
 WHEREAS, the Corporation
desires to amend and restate the Plan in its entirety, effective as of January 1, 2009, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Internal Revenue Code”); and 
 WHEREAS, deferrals made or first vesting on or after January 1, 2005 are to be administered in accordance with the Plan as amended and restated
herein, and deferrals made prior to January 1, 2005 and fully vested on December 31, 2004 are to be administered in accordance with Plan documents in effect at the time of deferral (and any subsequent amendments made thereafter and
specifically made applicable thereto); and 
 WHEREAS, Section 8 of the Plan authorizes the Corporation to amend the Plan at any time.

 NOW, THEREFORE, in consideration of the foregoing, the Plan is hereby amended and restated in its entirety to read as follows: 

SECTION 1 
 DEFINITIONS

 As used in the Plan, initially capitalized terms that are not otherwise defined herein will have the meaning given to them in the Pension Plan. The
following words and phrases will have the meanings assigned to them herein, unless the context otherwise requires. 
  

	1.1	 “Account” means the bookkeeping record used under this Plan solely to communicate a Participant’s or Beneficiary’s Accrued Benefit expressed as
a single dollar amount. An Account is established only for purposes of determining benefits hereunder and not to segregate assets or to identify assets that may or must be used to satisfy benefits. An Account will be credited with the amounts set
forth in section 3 of the Plan. A Participant’s Account will also include (i) amounts which were deferred under 

	 	 
the Plan and vested prior to January 1, 2005, which will be accounted for separately from amounts deferred or first vesting on or after January 1,
2005, and (ii) amounts representing accounts merged into this Plan from a prior excess pension plan, to the extent separate accounting is determined by the Committee or its delegate to be necessary in order to ensure compliance with
Section 409A of the Code or otherwise, including without limitation amounts included in this Plan as the result of the merger of the Mercantile Plan into this Plan. 

  

	1.2	“Affiliate” means any business entity whose relationship with the Corporation is described in subsection (b), (c) or (m) of Section 414 of the Internal
Revenue Code. 

  

	1.3	“Beneficiary” or “Beneficiaries” means the individual or individuals designated by the Participant to receive the balance of the Participant’s Account upon
the Participant’s death in accordance with Section 6 of the Plan. 

  

	1.4	“Board” means the Board of Directors of the Corporation. 

  

	1.5	“Change in Control” means a change of control of the Corporation of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Exchange Act, whether or not the Corporation is then subject to such reporting requirement; provided, however, that without limitation, a
Change in Control will be deemed to have occurred if: 

  

	 	(a)	any Person, excluding employee benefits plans of the Corporation and its subsidiaries, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act
or any successor provisions thereto), directly or indirectly, of securities of the Corporation representing 20% or more of the combined voting power of the Corporation’s then outstanding securities; provided, however, that such an acquisition
of beneficial ownership representing between 20% and 40%, inclusive, of such voting power will not be considered a Change in Control if the Board approves such acquisition either prior to or immediately after its occurrence;

  

	 	(b)	the Corporation consummates a merger, consolidation, share exchange, division or other reorganization or transaction of the Corporation (a “Fundamental Transaction”) with
any other corporation, other than a Fundamental Transaction that results in the voting securities of the Corporation outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) at least 60% of the combined voting power immediately after such Fundamental Transaction of (i) the Corporation’s outstanding securities, (ii) the surviving entity’s outstanding securities, or
(iii) in the case of a division, the outstanding securities of each entity resulting from the division; 

	 	(c)	the shareholders of the Corporation approve a plan of complete liquidation or winding-up of the Corporation or an agreement for the sale or disposition (in one transaction or a
series of transactions) of all or substantially all of the Corporation’s assets; 

  

	 	(d)	as a result of a proxy contest, individuals who prior to the conclusion thereof constituted the Board (including for this purpose any new director whose election or nomination for
election by the Corporation’s shareholders in connection with such proxy contest was approved by a vote of at least two-thirds of the directors then still in office who were directors prior to such proxy contest) cease to constitute at least a
majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); 

  

	 	(e)	during any period of 24 consecutive months, individuals who at the beginning of such period constituted the Board (including for this purpose any new director whose election or
nomination for election by the Corporation’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute at least a
majority of the Board (excluding any Board seat that is vacant or otherwise unoccupied); or 

  

	 	(f)	the Board determines that a Change in Control has occurred. 

 Notwithstanding anything to the contrary herein, a divestiture or spin-off of a subsidiary or division of the Corporation will not by itself constitute a Change in Control. 
  

	1.6	“Committee” means the committee appointed to administer the Pension Plan. 

  

	1.7	“Corporation” means The PNC Financial Services Group, Inc. and any successors thereto. 

  

	1.8	“Deferred Compensation Plan” means The PNC Financial Services Group, Inc. and Affiliates Deferred Compensation Plan as amended from time to time. 

 

	1.9	“Employee” means any person employed by an Employer. 

  

	1.10	“Employer” means the Corporation and any Affiliate that has been designated to participate in the Pension Plan. 

  

	1.11	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

  

	1.12	“Excess Benefits” means the difference between (A) the amount of an Employee’s benefit under the Pension Plan computed without taking into consideration the
limitation on benefits contained in Section 401(a)(17) and Section 415 of the Internal Revenue Code and, effective January 1, 1999, computed as if “Compensation” as defined in the Pension Plan included bonus amounts deferred
under the Deferred Compensation Plan and (B) the amount of an Employee’s benefit actually computed under the Pension Plan. 

 For a Participant who incurred a Total Disability prior to 1999 and who, for purposes of The PNC
Financial Services Group, Inc. Supplemental Executive Retirement Plan, was a “Participant” (as defined therein) as of December 31, 1998, Excess Benefits will also include the difference between (C) the aggregate amount of the
Participant’s benefit under the Pension Plan and this Plan computed using Earnings Credits that reflect Compensation that, for any period, is a pro rata portion of annual Compensation equal to the sum of (i) the rate of base pay in effect
at the time of Total Disability and (ii) variable pay (limited as described in the definition of Compensation in the Pension Plan) equal to the annual bonus amount earned for the calendar year prior to such Total Disability, and (D) the
aggregate amount of the Participant’s benefit otherwise computed under the Pension Plan and this Plan. 
  

	1.13	“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

  

	1.14	“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Internal Revenue Code shall be deemed to include any
regulation, ruling, or other guidance issued thereunder by the Department of the Treasury or the Internal Revenue Service. 

  

	1.15	“Mercantile Plan” means The Mercantile Bankshares Corporation and Participating Affiliates Supplemental Cash Balance Plan, which was merged into the Plan effective
December 31, 2007 

  

	1.16	“Participant” means any Employee who meets the eligibility criteria set forth in Section 2 of the Plan. 

  

	1.17	“Pension Plan” means The PNC Financial Services Group, Inc. Pension Plan as in effect on January 1, 1999 and as amended from time to time thereafter.

  

	1.18	“Plan” means The PNC Financial Services Group, Inc. ERISA Excess Pension Plan, which is the Plan set forth in this document, as amended from time to time.

  

	1.19	“Plan Manager” means any individual designated by the Committee to manage the operation of the Plan as herein provided or to whom the Committee has duly delegated any of
its duties and obligations hereunder. 

  

	1.20	 “Separation From Service” means separation from service within the meaning of Section 409A of the Internal Revenue Code. For purposes of this
definition, a Participant shall be deemed to have a Separation from Service on the date on which he and the Employer reasonably anticipate that no further services would be performed after such date or that the level of bona fide services he would
perform after such date would permanently decrease to no more than 20% of the average level of bona fide services performed over the immediately preceding 36-month period (or the full period of employment if less than 36 months). 

	 	 
Notwithstanding the above, no Separation from Service shall be deemed to occur while the Participant is on military leave, sick leave or other bona fide
leave of absence until the latest of (i) six months after commencement of the leave, other than for a Total Disability, (ii) 29 months after commencement of leave as the result of a Total Disability, or (iii) the date on which the
Participant ceases to have a legally protected right to reemployment under an applicable statute or by contract. 

  

	1.21	“Severance From Service” means the Participant’s Separation from Service with The PNC Financial Services Group, Inc. and all of its Affiliates.

  

	1.22	“Spouse” means the person to whom the Participant is legally married on the relevant date (as determined under the laws of the state in which the Participant is a resident
at the time of marriage). 

  

	1.23	“Total Disability” means, except as may otherwise be required by Internal Revenue Code Section 409A, a medically determinable physical condition that can be expected
to result in death or can be expected to last for a continuous period of not less than twelve months and which would entitle a Participant to receive disability payments under a long-term disability income plan maintained by an Employer with respect
to that Participant. For Participants not covered by such a plan, Total Disability means a determination by the Social Security Administration that the Participant has a disability. The definition of Total Disability contained in the Plan shall have
no impact or effect on any determination regarding disability made under any other employee benefit plan of the Employer. 

  

	1.24	“Trust” means the grantor trust established by the Corporation to assist in funding its obligations under the Plan. 

 SECTION 2 
 ELIGIBILITY FOR
PARTICIPATION 
 AND CESSATION OF PARTICIPATION 
 An Employee who participates in the Pension Plan is eligible to participate in this Plan if the Employee has Excess Benefits. If an Employee ceases to participate in the Pension Plan, the Employee is no longer
eligible to participate in this Plan. Such Participant’s Account will be frozen as of the date he or she ceases participation, except that interest will continue to be credited under Section 3 of the Plan. Such frozen benefit will be
payable at the same time and in the same manner as benefits otherwise payable under the Plan. 
 SECTION 3 
 BENEFITS 
 An Account will be established and
maintained for each Participant to whom Excess Benefits will be allocated. A Participant’s 

 
Account under this Plan will be allocated Earnings Credits, Transitional Earnings Credits and Interest Credits in the same manner as under the Pension Plan.
In addition, a Participant’s opening Account balance will be determined in the same manner as under the Pension Plan. 
 SECTION 4

 DISTRIBUTIONS; VESTING 
 4.1
Vesting. Amounts in a Participant’s Account shall vest in accordance with the vesting schedule as defined in the Pension Plan. 
 4.2
Distribution at Severance from Service Other Than Death or Total Disability. A Participant’s vested Account will be distributed in cash. Vested amounts deferred prior to January 1, 2005 will be paid at such time and in such manner
as benefits are paid to the Participant under the Pension Plan. Amounts deferred or first vesting beginning with January 1, 2005 will be distributed to the Participant in a single lump-sum payment as soon as administratively practicable
following, but no later than ninety (90) days after, the date that is six months after the date of a Participant’s Severance from Service other than as a result of the Participant’s death or Total Disability. 
 4.3 Distribution At Severance from Service Due to Total Disability. If a Participant incurs a Severance from Service as a result of a Total Disability, vested
amounts deferred prior to January 1, 2005 will be paid at such time and in such manner as benefits are paid to the Participant under the Pension Plan. Amounts deferred or first vesting on or after January 1, 2005 will be distributed to the
Participant in a single lump-sum payment as soon as administratively practicable following, but no later than ninety (90) days after, the first day of the month coincident with or next following the date on which the Participant attains the
maximum age for which benefits could be payable to such Participant under the Employer’s applicable long-term disability plan as a result of such Total Disability, regardless of whether the Participant ceases to receive long-term disability
benefits prior to attaining such maximum age. 
 4.4 Distribution At Death. In the event of the Participant’s death prior to the distribution of
his Account, amounts deferred and vested prior to January 1, 2005 will be paid to the Participant’s Beneficiary or Beneficiaries under the Pension Plan at such time and in such manner as benefits are paid to such Beneficiary or
Beneficiaries under the Pension Plan, and amounts deferred or first vesting on or after January 1, 2005 will be distributed to the Participant’s Beneficiary or Beneficiaries hereunder in a single lump-sum payment as soon as
administratively practicable following, but no later than ninety (90) days after, the Participant’s death 

 SECTION 5 
 DESIGNATION OF BENEFICIARIES 
 The Participant will designate a Beneficiary or Beneficiaries to receive the balance
of the Participant’s Account attributable to amounts deferred or first vesting on or after January 1, 2005 upon the Participant’s death. Such designation will be on a form approved by the Plan Manager and will not be effective until
the Plan Manager receives the form. If no valid Beneficiary designation form is on file with the Plan Manager upon the Participant’s death, then the balance of the Participant’s Account attributable to amounts deferred or first vesting on
or after January 1, 2005 will be payable to the Beneficiary designated by the Participant for the Pension Plan. If a Participant does not have a valid Beneficiary designation form on file with the Plan Manager for the Plan and Pension Plan, as
applicable, or if the Beneficiary does not survive the Participant, the Participant’s Account will be distributed in the following order of priority: (i) the Participant’s Spouse, (ii) the Participant’s issue, per stirpes,
(iii) the Participant’s parents, (iv) the Participant’s brothers and sisters, or (v) the Participant’s executors or administrators. For the sake of clarity, Beneficiary designations under any plan that is merged into
the Plan (the “Prior Plan”) will be honored until a Participant designates a new Beneficiary or Beneficiaries under the Plan or until the Participant revokes his prior Beneficiary or Beneficiaries designations under the Prior Plan.

 SECTION 6 
 TRUST
FUND 
 No assets of the Corporation or any Employer will be segregated or earmarked in respect to any benefits, and all such benefits will constitute
unsecured contractual obligations of the Employer. If the Corporation chooses to contribute to the Trust to offset its obligation under this Plan, all assets or property held by the Trust will at all times remain subject to the claims of the general
creditors of the Corporation or any Employer. 
 SECTION 7 
 CLAIMS PROCEDURE 
  

	7.1	Initial Claim 

 Claims for benefits under the Plan
will be filed with the Plan Manager. If any Participant or Beneficiary claims to be entitled to a benefit under the Plan and the Plan Manager determines that such claim should be denied in whole or in part, the Plan Manager will notify such person
of the Plan Manager’s decision in writing. Such notification will be written in a manner calculated to be understood by such person and will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan
provisions, (iii) a description of any additional material or information necessary for such person to perfect such 

 
claim and an explanation of why such material or information is necessary, and (iv) information as to the steps to be taken if the person wishes to
submit a request for review. Such notification will be given within 90 days after the claim is received by the Plan Manager. If such notification is not given within such period, the claim will be considered denied as of the last day of such period
and such person may request a review of his or her claim. 
  

	7.2	Review Procedure 

 Within 60 days after the date on
which a Participant or Beneficiary receives a written notice of a denied claim (or, if applicable, within 60 days after the date on which such denial is considered to have occurred), such person (or his or her duly authorized representative) may
(i) file a written request with the Committee for a review of his or her denied claim and of pertinent documents and (ii) submit written issues and comments to the Committee. The Committee will notify such person of its decision in
writing. Such notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent Plan provisions. The decision on review will be made
within 60 days after the request for review is received by the Committee. If the decision on review is not made within such period, the claim will be considered denied. 
  

	7.3	Claims and Review Procedure Not Mandatory After a Change in Control 

 After the occurrence of a Change in Control, the claims procedure and review procedure provided for in this Section 6 will be provided for the use and benefit of Participants who may choose to use such
procedures, but compliance with the provisions of this Section 6 will not be mandatory for any Participant claiming benefits after a Change in Control. It will not be necessary for any Participant to exhaust these procedures and remedies after
a Change in Control prior to bringing any legal claim or action, or asserting any other demand, for payments or other benefits to which such Employee claims entitlement. 
 SECTION 8 
 ADMINISTRATION; DELEGATION 
 The Committee will administer the Plan. The Committee will have the same rights, powers and duties as specified in the Pension Plan. 
 The Board or the Personnel and Compensation Committee of the Board may, in its sole discretion, delegate authority hereunder, including but not limited to delegating
authority to amend the Plan, to the extent permitted by applicable law or administrative or regulatory rule. 
 This Plan is intended to be “a plan
which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of
ERISA and shall be administered in a manner consistent with that intent. 

 SECTION 9 
 AMENDMENT AND TERMINATION 
 The Plan may be amended or terminated by the Board or the Personnel and Compensation
Committee of the Board in whole or part at any time, and any Employer may withdraw from further participation in the Plan at any time; provided, however, that no such amendment, termination or withdrawal (each, a “Plan Change”) will,
without the consent of each affected Participant, reduce or in any way adversely affect (i) the benefits payable hereunder with respect to a Participant who has terminated employment with the Corporation or an Employer (as applicable) prior to
the date of such Plan Change or (ii) the amount of, or payment of, the Accrued Benefit (as hereinafter defined) of any other Participant as of the date of such Plan Change. In the event of any termination of the Plan or any portion thereof,
payment of affected Participants’ Accrued Benefits shall be made under and in accordance with the terms of the Plan, except that the Committee may determine, in its sole discretion, to accelerate payments to all such Participants if and to the
extent that such acceleration is permitted under Section 409A of the Internal Revenue Code. 
 For purposes of this Section 9, the term
“Accrued Benefit” means an amount equal to the balance of a Participant’s Account immediately prior to the Plan Change. 
 After a Change in
Control, the Plan may not be amended in any manner that adversely affects the administration or payment of a Participant’s benefits hereunder (including but not limited to the timing and form of payment of benefits hereunder) without the
consent of the Participant nor may the provisions of this Section 9 or, for purposes of this Plan, “Interest Credits” as defined in the Pension Plan immediately prior to the Plan Change, be amended after a Change in Control with
respect to a Participant without the written consent of the Participant; provided, however, that the failure of a Participant to consent to any such amendment will not impair the ability of the Board or the Personnel and Compensation Committee of
the Board to amend the Plan with respect to any other Participant who has consented to such amendment. 
 SECTION 10 
 SUCCESSORS 
 In addition to any obligations imposed by
law upon any successor(s) to the Corporation and the Employers, the Corporation and the Employers shall be obligated to require any successor(s) (whether direct or indirect, by purchase, merger, consolidation, operation of law, or otherwise) to all
or substantially all of the business and/or assets of the Corporation and the Employers to expressly assume and agree to perform this Plan in the same manner and to the same extent that the Corporation and the Employers would be required to perform
it if no such succession had taken place; in the event of such a succession, references to “Corporation” and “Employers” 

 
herein shall thereafter be deemed to include such successor(s). Except as set forth in the preceding sentence, the Corporation’s and the Employers’
obligations under this Plan are not assignable or transferable except, in the discretion of the Corporation, to (i) any corporation, partnership or limited liability company which acquires all or substantially all of the assets of an Employer
or (ii) any corporation, partnership or limited liability company into which an Employer may be merged or consolidated. 
 SECTION 11

 GOVERNING LAW 
 This Plan will be
governed according to the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions, to the extent not preempted by federal law. 
 SECTION 12 
 FUNDING OF BENEFITS 
 In the sole discretion of the Corporation, the Corporation may establish a grantor trust and make contributions thereto for the purpose of providing a source of funds to pay benefits as they become due and payable
hereunder; provided, however, that no such trust will result in a Participant being required to include in gross income for federal income tax purposes any benefits payable hereunder prior to the date of actual payment. Notwithstanding the
establishment of any such trust, a Participant’s rights hereunder will be solely those of a general unsecured creditor. 
 SECTION 13

 MISCELLANEOUS 
  

	13.1	Liability of the Board, the Committee and the Plan Manager 

 Neither the Board, the Committee, the Plan Manager nor any of their delegates will be liable to any person for any action taken or admitted in connection with the administration, interpretation, construction or variance of the Plan.

  

	13.2	No Contract of Employment 

 Participation in the
Plan does not give any person any right to be retained in the service of the Corporation or any Affiliate. The right and power of the Corporation or any Affiliate to terminate any Employee is expressly reserved. 

	13.3	Compensation under Other Plans 

 Any amount payable
under this Plan shall not be considered compensation for the purpose of computing benefits to which a Participant may be entitled under any qualified pension plan (as that term is defined in section 3(3) of ERISA) or other arrangement of the
Corporation or an Affiliate for the benefit of Employees, except as specified in such plan or arrangement. 
  

	13.4	Withholding 

 The Corporation or an Affiliate shall
have the right to deduct from payment of any amount under the Plan any taxes required by law to be withheld from a Participant or Beneficiary with respect to such payment. 
  

	13.5	Spendthrift Clause 

 The interests of Participants
and their Beneficiaries under the Plan are not in any way subject to their debts or other obligations and may not be voluntarily or involuntarily sold, transferred, or assigned, except to the extent otherwise required by law. For the sake of
clarity, domestic relations orders purporting to assign benefits under the Plan do not apply to the Plan. 
  

	13.6	Severability 

 Whenever possible, each provision of
this Plan shall be interpreted in such manner as to be effective and valid under applicable law (including the Internal Revenue Code), but if any provision of the Plan shall be held to be prohibited by or invalid under applicable law, then
(i) such provision shall be deemed to be amended to, and to have contained from the outset such language as shall be necessary to, accomplish the objectives of the provision as originally written to the fullest extent permitted by law, and
(ii) any other provisions of this Plan shall remain in full force and effect. 
  

	13.7	Construction 

 No rule of strict construction shall
be applied against the Corporation, Affiliate, Committee, Board or any other person regarding the interpretation of any terms of this Plan or any rule or procedure established by the Committee. 
 Where the context allows, words in the masculine gender shall include the feminine and neuter genders, the plural shall include the singular and the
singular shall include the plural. 
 The captions of sections and paragraphs of this Plan are for convenience only and shall not control or
affect the meaning or construction of any of its provisions. 

	13.8	Corporation and Affiliate Liability 

 Whenever, in
the Committee’s or the Plan Manager’s opinion, any person entitled to receive any payment is under a legal disability, a minor, or incapacitated in any way, so as to be unable to manage his or her financial affairs, the Corporation or an
Affiliate, at its discretion, may make such payment for the benefit of such person to his or her legal representative, or to a relative or friend of such person for his or her benefit, or it may apply the payment for the benefit of such person in
any manner it deems advisable. When the Corporation or an Affiliate makes any payment pursuant to this subsection, it shall be considered as a complete discharge of its liability for the making of such payments under the Plan. 
  

	13.9	Entire Agreement 

 This writing constitutes the
final and complete embodiment of the understandings of the parties hereto and all prior understandings and communications of the parties oral or written concerning this Plan are hereby renounced, revoked and superseded. 
  

	13.10	Notices 

 All notices to the Corporation hereunder
shall be delivered to the attention of the Committee or to the Plan Manager acting on its behalf. Any notice or filing required or permitted to be given to the Committee or the Corporation under this Plan shall be sufficient if in writing and hand
delivered, or sent by registered or certified mail, to the Committee or to the Plan Manager, at the principal office of the Corporation. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date
shown on the postmark or the receipt for registration or certification. 
  

	13.11	Merger of Mercantile Bankshares Corporation and Participating Affiliates Supplemental Cash Balance Plan into the Plan. 

 The Mercantile Plan merged into the Plan effective December 31, 2007. Under the Plan, each individual who had an account balance merged into the Plan
from the Mercantile Plan has an Account equal to or greater than the account balance such individual had under the Mercantile Plan immediately before the merger. 
  

	13.12	Compliance with Law 

 The Plan is intended to comply
with applicable law. Without limiting the foregoing, the Plan is intended to comply with the applicable requirements of Internal Revenue Code Section 409A, and will be administered in accordance with Internal Revenue Code Section 409A to
the extent that Internal Revenue Code Section 409A applies to the Plan. Notwithstanding any provision of the Plan to the contrary, distributions from the Plan may only be made in a manner, and upon an event, permitted by Internal Revenue Code
Section 409A. If any payment or benefit cannot be provided or made at the time specified herein 

 
without incurring penalties under Internal Revenue Code Section 409A, then such benefit or payment will be provided in full at the earliest time
thereafter when such penalties will not be imposed. To the extent that any provision of the Plan would cause a conflict with the applicable requirements of Internal Revenue Code Section 409A, or would cause the administration of the Plan to
fail to satisfy the applicable requirements of Internal Revenue Code Section 409A, such provision shall be deemed null and void to the extent permitted by applicable law. 
 *    *    *    * 
 Executed and adopted by the Chief Human Resources Officer of The PNC Financial Services Group, Inc. this 31st day of
December, 2008. 
  

	
	 /s/ Joan L. Gulley

	Joan L. Gulley
	Senior Vice President and Chief Human Resources OfficerPNC Financial Key Executive Equity Program

 Exhibit 10.6 
 THE PNC FINANCIAL SERVICES GROUP, INC. 
 KEY EXECUTIVE EQUITY PROGRAM 
 Amended and Restated 
 (Generally effective as
of January 1, 2009) 
 WHEREAS, The PNC Financial Services Group, Inc. (the “Corporation”) through its predecessor, PNC Bank
Corp., previously adopted and presently maintains the PNC Bank Corp. Supplemental Executive Life Insurance and Spouse’s Benefit Plan (the “Plan”) originally effective as of January 1, 1987, and as subsequently amended and
restated as of January 1, 1999 and again as of January 1, 2002 and re-named the Key Executive Equity Program; and 
 WHEREAS, the
Corporation desires to amend and restate the Plan in its entirety, to be generally effective January 1, 2009, to ensure compliance with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (“Internal Revenue
Code”) and the final Treasury Regulations issued thereunder and to make other clarifying and conforming changes; and 
 WHEREAS,
Section 7 of the Plan authorizes the Corporation to amend the Plan at any time. 
 NOW, THEREFORE, in consideration of the foregoing,
the Plan is hereby amended and restated in its entirety to read as follows: 
 SECTION 1 
 DEFINITIONS 
  

	1.1	“Annual Base Salary” means for the purpose of determining life insurance benefits, the highest biweekly rate of pay received by a Participant from the Corporation prior to
his or her retirement under the Pension Plan multiplied by 26 (provided, that where this Plan requires a determination of Annual Base Salary on a specified date other than Retirement, Annual Base Salary shall mean the Participant’s actual
biweekly rate of pay in effect on that specified date). 

  

	1.2	“Beneficiary” means the person, persons, or entity designated as Beneficiary by the Participant in the records maintained for this Plan or the Prior Plans, or absent such
designation, to the Participant’s estate. 

  

	1.3	“Board” means the Board of Directors of the Corporation. 

  

	1.4	“Change in Control” has the meaning assigned such term in The PNC Financial Services Group, Inc. Supplemental Executive Retirement Plan, as amended from time to time.

	1.5	“Committee” means the Personnel and Compensation Committee of the Board. 

  

	1.6	“Corporation” means The PNC Financial Services Group, Inc. and any successors thereto. 

  

	1.7	“Disability” means a medically determinable physical condition that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve months and which would entitle a Participant to receive disability payments under a long-term disability income plan maintained by an Employer with respect to that Participant. 

  

	1.8	“Employer” means the Corporation and any Subsidiary that has been designated by the Plan Manager as an Employer hereunder. 

  

	1.9	“Executive Bonus Plan” means the incentive award plans designated by the Plan Manager as participating hereunder. 

  

	1.10	“Participant” means all persons who were Participants in the Prior Plans and, at the discretion of the Board, any other person employed by the Corporation and its
Subsidiaries who has been designated to participate in the Plan. 

  

	1.11	“Pension Plan” means The PNC Financial Services Group, Inc. Pension Plan, as amended from time to time. 

  

	1.12	“Plan” means this The PNC Financial Services Group, Inc. Key Executive Equity Program. 

  

	1.13	“Plan Manager” means any individual designated by the Committee to manage the operation of the Plan as herein provided or to whom the Committee has duly delegated any of
its duties and obligations hereunder. 

  

	1.14	“Prior Plans” means the Executive Group Life Insurance Plan of Pittsburgh National Bank, the Death Benefit Section of the Supplemental Excess Retirement Plan of Provident
National Bank, the Supplemental Insurance Plan of Marine Bank and the Supplemental Insurance Plan of Northeastern Bank. 

  

	1.15	“Retirement” means that the Participant has incurred a Separation from Service after having attained at least age 55 and completed five years of Vesting Service.

  

	1.16	 “Separation From Service” means separation from service within the meaning of Section 409A of the Internal Revenue Code. For purposes of this
definition, a Participant shall be deemed to have a Separation from Service on the date on which he and the Employer reasonably anticipate that no further services would be performed after such date for the Employer or any affiliate or that the
level of bona fide services he would perform after such date would permanently decrease to no more than 20% of the average level of bona fide services performed over the immediately preceding 36-month period (or the full period 

	 	 
of employment if less than 36 months). Notwithstanding the above, no Separation from Service shall be deemed to occur while the Participant is on military
leave, sick leave or other bona fide leave of absence until the latest of (i) six months after commencement of the leave, other than for a Disability, (ii) 29 months after commencement of leave as the result of a Disability, or
(iii) the date on which the Participant ceases to have a legally protected right to reemployment under an applicable statute or by contract. 

  

	1.17	“Subsidiary” means any business entity the equity of which (directly or indirectly) is owned 50% or more by the Corporation. 

  

	1.18	“Trust” means any grantor trust established by the Corporation to assist in funding its obligations under the Plan. 

  

	1.19	“Vesting Service” has the meaning assigned to such term in the Pension Plan. 

 SECTION 2 
 BENEFITS 
  

	2.1	Pre-Retirement Life Insurance 

 Except as provided
in the following subparagraphs for Participants in Prior Plans, the pre-retirement life insurance benefit shall be equal to the amount of insurance elected by the Participant or assigned by the Employer. 
  

	 	(a)	Pittsburgh National Bank 

 The benefit shall be an
amount which is equal to the Annual Base Salary multiple elected by the Participant under the Executive Group Life Insurance Plan of Pittsburgh National Bank. 
  

	 	(b)	Provident National Bank 

 The benefit shall be an
amount equal to three times the Participant’s Annual Base Salary rate in effect on January 30, 1985. 
  

	 	(c)	Marine Bank 

 The benefit shall be an amount equal
to three times the Participant’s Annual Base Salary rate in effect on January 30, 1985. 

	2.2	Post-Retirement Life Insurance Benefit 

 Except as
provided in the following subparagraphs for Participants in the Prior Plans, the post-retirement life insurance benefit shall be equal to an amount which is equal to the Participant’s Annual Base Salary rate at the time of the
Participant’s Retirement. 
  

	 	(a)	Pittsburgh National Bank 

 The benefit shall be an
amount which is equal to the multiple of the Annual Base Salary elected by the Participant under the Executive Group Life Insurance Plan of Pittsburgh National Bank. 
  

	 	(b)	Marine Bank 

 The benefit shall be equal to three
times the Annual Base Salary rate in effect on January 30, 1985. 
  

	 	(c)	Northeastern Bank 

 The benefit shall be equal to
the face amount of the individually owned policy less amounts due Northeastern Bank to satisfy the insurance obligation. 
  

	2.3	Termination of Future Coverage For Designated Participants  

 Effective April 1, 2002, coverage under, and future participation in, the Plan, ceased for certain Participants who were identified and designated by the Corporation and who were given notice of the termination of future coverage prior
to April 1, 2002, January 1, 2003 or January 1, 2004, as applicable. The accumulated cash surrender value, if any, on individual policies of insurance covering such designated Participants was calculated as of April 1,
2002, January 1, 2003 or January 1, 2004, as applicable. The accumulated cash surrender value determined as of April 1, 2002, January 1, 2003 or January 1, 2004, as applicable shall be the sole benefit payable to
such designated Participants in accordance with the terms of the Plan and policies, provided other conditions for payment as set forth in the Plan and policies have been satisfied by any such designated Participant. 

	2.4	Adjustment and Transfers of Policies At Retirement 

 Life insurance coverage under this Plan is generally provided under individual whole life insurance policies obtained by the Corporation on the lives of Participants. Such policies are owned by the Corporation, and they constitute a part of
the general assets of the Corporation. Prior to any transfer of a policy as contemplated herein or in Section 8, Participants have no right, title or interest in or to such policies or any cash value therein, other than a right to designate the
beneficiary thereof if and to the extent permitted by the Corporation, and all such policies shall be held as general assets of the Corporation and shall be subject to the claims of the Corporation’s general creditors. Participants who incur a
Separation from Service as the result of a Retirement shall be treated hereunder as follows: 
  

	 	(a)	If Retirement occurs at or after the Participant’s attainment of age 62, the policy applicable to that Participant shall be transferred to the Participant six months after the
Participant’s Retirement, and the Employer shall thereafter be responsible for any future payment of premiums necessary to keep the Policy in force until such time as dividends under the policy are sufficient to cover future premiums (provided,
that in the case of designated Participants covered by Section 2.3, they shall be transferred six months after Retirement an amount in cash equal to the accumulated cash surrender value of their individual policy as of April 1,
2002, January 1, 2003 or January 1, 2004, as applicable, and all other rights hereunder shall terminate). 

  

	 	(b)	If Retirement occurs prior to the Participant’s attainment of age 62, then the policy will be transferred to the Participant upon his or her attainment of age 62 (or, if later,
six months after his or her Retirement) (provided, that in the case of designated Participants covered by Section 2.3, they shall be transferred upon attainment of age 62 or, if later, six months after Retirement an amount in cash equal to the
accumulated cash surrender value of their individual policy as of April 1, 2002, January 1, 2003 or January 1, 2004, as applicable, and all other rights hereunder shall terminate). At the Participant’s election, which must
be provided to the Employer prior to the Participant’s Retirement, one of the following options will apply : (i) the face amount of the policy and the coverage provided hereunder will be reduced at Retirement to a level that would be
considered “paid up”, such that no further premium payments would be required in order to maintain the policy in force through the date of transfer, or (ii) the face amount of the policy and the coverage provided hereunder will be
reduced at Retirement to one times the Participant’s Annual Base Salary, in which case the Participant will be responsible for paying all premiums necessary to keep the policy in force through the date of transfer, and the Employer will be
responsible following the transfer to pay any future premiums necessary to keep the policy in force until such time as dividends under the policy are sufficient to cover future premiums. 

 SECTION 3 
 RIGHTS OF PARTICIPANTS

 No Beneficiary shall have any rights to any payment under this Plan except at the death of the Participant, and in no event shall the interests of
Participants or Beneficiaries under this Plan be in any way subject to their debts or other obligations and may not be voluntarily or involuntarily sold, transferred or assigned without the express written consent of the Corporation. 

 SECTION 4 
 TERMINATION OF EMPLOYMENT 
 If a Participant’s employment with the Employer is terminated for any reason other
than Retirement, Disability or death, all benefits provided by this Plan shall cease. Participants who terminate employment as the result of Disability shall continue to receive life insurance coverage under this Plan as long as they remain eligible
for disability payments under a long-term disability income plan maintained by an Employer with respect to that Participant; upon ceasing to be eligible for such disability payments (other than as a result of death), all benefits provided by this
Plan shall cease. Participants who terminate employment as the result of Retirement shall be provided the rights and benefits set forth in Section 2.4. 
 SECTION 5 
 TRUST FUND 
 No assets of the Corporation or any Employer shall be segregated or earmarked in respect to any benefits, and all such benefits shall constitute unsecured contractual obligations of the Employer. If the Corporation
chooses to contribute to a Trust to offset its obligation under this Plan, all assets or property held by the Trust shall at all times remain subject to claims of the general creditors of the Corporation or any Employer. 
 SECTION 6 
 CLAIMS PROCEDURE 

  

	6.1	Initial Claim 

 Claims for benefits under the Plan
shall be filed with the Plan Manager. If any Participant or Beneficiary claims to be entitled to a benefit under the Plan and the Plan Manager determines that such claim should be denied in whole or in part, the Plan Manager shall notify such person
of its decision in writing. Such notification will be written in a manner calculated to be understood by such person and will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a
description of any additional material or information necessary for such person to perfect such claim and an explanation of why such material or information is necessary and (iv) information as to the steps to be taken if the person wishes to
submit a request for review. Such notification will be given within 60 days after the claim is received by the Plan Manager. If such notification is not given within such period, the claim will be considered denied as of the last day of such period
and such person may request a review of his or her claim. 

	6.2	Review Procedure 

 Within 60 days after the date on
which a Participant or Beneficiary receives a written notice of a denied claim (or, if applicable, within 60 days after the date on which such denial is considered to have occurred) such person (or his or her duly authorized representative) may
(i) file a written request with the Committee for a review of his or her denied claim and of pertinent documents and (ii) submit written issues and comments to the Committee. The Committee will notify such person of its decision in
writing. Such notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent Plan provisions. The decision on review will be made
within 60 days after the request for review is received by the Committee. If the decision on review is not made within such period, the claim will be considered denied. 
  

	6.3	Claims and Review Procedure Not Mandatory After a Change in Control 

 After the occurrence of a Change in Control, the claims procedure and review procedure provided for in this section 6 shall be provided for the use and benefit of Participants who may choose to use such procedures,
but compliance with the provisions of this section 6 shall not be mandatory for any Participant claiming benefits after a Change in Control. It shall not be necessary for any Participant to exhaust these procedures and remedies after a Change in
Control prior to bringing any legal claim or action, or asserting any other demand, for payments or other benefits to which such Employee claims entitlement. 
 SECTION 7 
 AMENDMENT AND TERMINATION 
 The Plan may be amended or terminated by the Board at any time, and any Subsidiary that has adopted the Plan may withdraw from further participation in the Plan at any
time; provided, however, that no such amendment, termination or withdrawal shall reduce or adversely affect any amounts due hereunder to the Beneficiary of a Participant. 
 After a Change in Control, the Plan may not be amended in any manner that adversely affects the administration or payment of a Participant’s benefits hereunder (including but not limited to the timing and form or
payment of benefits hereunder) without the consent of the Participant nor may the provisions of this Section 7, Section 8 or Section 9 be amended after a Change in Control with respect to a Participant without the written consent of
the Participant; provided, however, that the failure of a Participant to consent to any such amendment shall not impair the ability of the Committee to amend the Plan with respect to any other Participant who has consented to such amendment.

 SECTION 8 
 CERTAIN REQUIRED POLICY TRANSFERS 
 Within 60 days after a Change in Control which also qualifies as a “change
in ownership or effective control” under Internal Revenue Code Section 409A, all of the life insurance policies that cover Participants hereunder shall be transferred to the respective Participants on whose lives the policies were issued
(provided, that in the case of designated Participants covered by Section 2.3, they shall be transferred instead an amount in cash equal to the accumulated cash surrender value of their individual policy as of April 1,
2002, January 1, 2003 or January 1, 2004, as applicable, and all other rights hereunder shall terminate). Such transfers shall be made without the payment of any consideration by the affected Participants. 
 SECTION 9 
 SUCCESSORS

 In addition to any obligations imposed by law upon any successor(s) to the Corporation and the Employers, the Corporation and the Employers shall be
obligated to require any successor(s) (whether direct or indirect, by purchase, merger, consolidation, operation of law, or otherwise) to all or substantially all of the business and/or assets of the Corporation and the Employers to expressly assume
and agree to perform this Plan in the same manner and to the same extent that the Corporation and the Employers would be required to perform it if no such succession had taken place; in the event of such a succession, references to
“Corporation” and “Employers” herein shall thereafter be deemed to include such successor(s). 
 SECTION 10

 ADMINISTRATION 
 This Plan shall be
administered by the Committee, and it shall have the sole authority to resolve any questions which arise hereunder. 

 SECTION 11 
 GOVERNING LAW 
 This Plan shall be governed according to the laws of the Commonwealth of Pennsylvania to the extent
not preempted by federal law. 
 SECTION 12 
 FUNDING OF BENEFITS 
 In the sole discretion of the Corporation, the Corporation may establish a grantor trust and
make contributions thereto for the purpose of providing a source of funds to pay benefits as they become due and payable hereunder; provided, however, that no such trust shall result in a Participant being required to include in gross income for
federal income tax purposes any benefits payable hereunder prior to the date of actual payment. Notwithstanding the establishment of any such trust, a Participant’s rights hereunder shall be solely those of a general unsecured creditor.

 SECTION 13 
 MISCELLANEOUS 
  

	13.1	Liability of the Board and the Committee 

 Neither
the Board nor the Committee will be liable to any person for any action taken or admitted in connection with the administration, interpretation, construction or variance of the Plan. 
  

	13.2	No Contract of Employment 

 Nothing herein will be
construed as an offer or commitment by the Corporation or any Affiliate to continue any Participant’s employment with it for any period of time. 
  

	13.3	Withholding 

 The Corporation or an Affiliate shall
have the right to deduct from payment of any amount under the Plan any taxes required by law to be withheld from a Participant or Beneficiary with respect to such payment. 

	13.4	Severability 

 Whenever possible, each provision of
this Plan will be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of the Plan is held to be prohibited by or invalid under applicable law, then (a) such provision will be deemed to be amended
to, and to have contained from the outset such language as is necessary to, accomplish the objectives of the provision as originally written to the fullest extent permitted by law, and (b) other provisions of this Plan will remain in full force
and effect. 
  

	13.5	Construction 

 No rule of strict construction shall
be applied against the Corporation, any Affiliate, the Committee, the Board, the Plan Manager or any other person regarding the interpretation of any terms of this Plan or any rule or procedure established by the Committee. 
 Where the context allows, words in the masculine gender shall include the feminine and neuter genders, the plural shall include the singular and the
singular shall include the plural. 
 The captions of sections and paragraphs of this Plan are for convenience only and shall not control or
affect the meaning or construction of any of its provisions. 
  

	13.6	Corporation and Affiliate Liability 

 Whenever, in
the Committee’s or the Plan Manager’s opinion, any person entitled to receive any payment is under a legal disability, a minor, or incapacitated in any way, so as to be unable to manage his or her financial affairs, the Corporation or an
Affiliate, at its discretion, may make such payment for the benefit of such person to his or her legal representative, or to a relative or friend of such person for his or her benefit, or it may apply the payment for the benefit of such person in
any manner it deems advisable. When the Corporation or an Affiliate makes any payment pursuant to this subsection, it shall be considered as a complete discharge of its liability for the making of such payments under the Plan. 
  

	13.7	Entire Agreement 

 This writing constitutes the
final and complete embodiment of the understandings of the parties hereto and all prior understandings and communications of the parties oral or written concerning this Plan are hereby renounced, revoked and superseded. 
  

	13.8	Notices 

 All notices to the Corporation hereunder
shall be delivered to the attention of the Committee or to the Plan Manager acting on its behalf. Any notice or filing required or permitted to be given to the Committee or the Corporation under this Plan shall be 

 
sufficient if in writing and hand delivered, or sent by registered or certified mail, to the Committee or to the Plan Manager, at the principal office of the
Corporation. Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or the receipt for registration or certification. 
  

	13.9	Compliance with Law 

 The Plan is intended to comply
with applicable law. Without limiting the foregoing, the Plan is intended to comply with the applicable requirements of Internal Revenue Code Section 409A, and will be administered in accordance with Internal Revenue Code Section 409A to
the extent that Internal Revenue Code Section 409A applies to the Plan. Notwithstanding any provision in the Plan to the contrary, distributions from the Plan may only be made in a manner, and upon an event, permitted by Internal Revenue Code
Section 409A. If any payment or benefit cannot be provided or made at the time specified herein without incurring penalties under Internal Revenue Code Section 409A, then such benefit or payment will be provided in full at the earliest
time thereafter when such penalties will not be imposed. To the extent that any provision of the Plan would cause a conflict with the applicable requirements of Internal Revenue Code Section 409A, or would cause the administration of the Plan
to fail to satisfy the applicable requirements of Internal Revenue Code Section 409A, such provision shall be deemed null and void to the extent permitted by applicable law. 
 *    *    *    * 
 Executed and adopted by
the Chief Human Resources Officer of The PNC Financial Services Group, Inc. this 31st day of December, 2008. 
  

	
	 /s/ Joan L. Gulley

	Joan L. Gulley
	Senior Vice President and Chief Human Resources Officer

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