Document:

EX-10.1

Exhibit 10.1

EXECUTION COPY

AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT

          This Amended and Restated Change in Control Agreement (formerly referred to as the Severance
Agreement) (this “Agreement”), effective as of December 30, 2008, is made between ABM Industries
Incorporated, a Delaware corporation (the “Company”) and the individual executing this Agreement as
the Executive on the signature page (the “Executive”).

RECITALS

     A. The Executive is a senior executive of the Company and has made and is expected to continue
to make major contributions to the short- and long-term profitability, growth and financial
strength of the Company;

     B. The Company recognizes that the possibility of a Change in Control, as hereinafter defined,
exists and that such possibility, and the uncertainty it may create among management, may result in
the distraction or departure of management personnel, to the detriment of the Company and its
stockholders, including a reduction of the value received by stockholders in a Change in Control
transaction;

     C. The Executive and the Company are party to a Severance Agreement dated [insert applicable
date] (the “Prior Agreement”);

     D. The parties desire to amend and restate the Prior Agreement to reflect changes required to
comply with Section 409A and Section 162(m) of the Code, to revise the definition of “Cause” set
forth in the Prior Agreement, and to change the name of the Prior Agreement to the Change in
Control Agreement;

     E. The Company desires to assure itself of both present and future continuity of management
and to establish fixed severance benefits for certain of its senior executives, including the
Executive, applicable in the event of a Change in Control; and

     F. The Company desires to provide additional inducement for the Executive to continue to
remain in the employ of the Company. Accordingly, the Company and the Executive agree as follows:

     1. Certain Defined Terms. In addition to terms defined elsewhere herein, the following
terms have the following meanings when used in this Agreement with initial capital letters:

          (a) “After-Tax Amount” means the amount to be received by an Executive determined on an
after-tax basis taking into account the excise tax imposed pursuant to Section 4999 of the Code, or
any successor provision thereto, any tax imposed by any comparable provision of state law and any
applicable federal, state and local income and employment taxes.

 

 

          (b) “Base Pay” means the Executive’s annual base salary rate as in effect at the time a
determination is required to be made under Section 4.

          (c) “Board” means the Board of Directors of the Company; any action of the Board herein
contemplated will be valid if adopted by a majority of the total number of directors then in office
or a majority of the Incumbent Directors and, for purposes of interpreting, amending or waiving any
portion of this Agreement, may be adopted by a majority of the Incumbent Directors by written
action, whether or not unanimous, or may be delegated by specific action of the Board of Directors
after the date hereof to any directorate committee comprised solely of Incumbent Directors who are
also Independent Directors.

          (d) “Cause” shall mean, with respect to the Executive: (i) the willful and continued failure
to substantially perform the Executive’s duties and responsibilities for reasons other than death
or disability, after a written demand for substantial performance is delivered to him/her by the
Company which specifically identifies the manner in which the Company believes that the Executive
has not substantially performed the Executive’s duties; (ii) the Executive’s conviction(or entry of
a plea bargain admitting criminal guilt) of any felony or a misdemeanor involving moral turpitude;
(iii) intentional breach by the Executive of his/her fiduciary obligations to the Company or any
securities laws applicable to the Company; or (iv) intentional wrongful engagement by the Executive
in any Competitive Activity; and, for purposes of this subsection (iv), any such act shall have
been demonstrably and materially harmful to the Company. For purposes of this Agreement, no act or
failure to act on the part of the Executive will be deemed “intentional” if it was due primarily to
an error in judgment or negligence, but will be deemed “intentional” only if done or omitted to be
done by the Executive not in good faith and without reasonable belief that the Executive’s action
or omission was in the best interest of the Company.

          (e) “Change in Control” means that during the Term any of the following events occurs,
provided that the occurrence of such event constitutes a “change in effective ownership or control”
of the Company, as defined in Section 409A:

               (i) any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Exchange Act) (a “Person”) (A) is or becomes the beneficial owner (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of more than 35% of the combined voting power of the
then-outstanding Voting Stock of the Company or succeeds in having nominees as directors elected in
an “election contest” within the meaning of Rule 14a-12(c) under the Exchange Act and (B) within 18
months after either such event, individuals who were members of the Board of Directors of the
Company immediately prior to either such event cease to constitute a majority of the members of the
Board of Directors of the Company; or

               (ii) a majority of the Board ceases to be comprised of Incumbent Directors; or

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               (iii) the consummation of a reorganization, merger, consolidation, plan of liquidation or
dissolution, recapitalization or sale or other disposition of all or substantially all of the
assets of the Company or the acquisition of the stock or assets of another corporation, or other
transaction (each, a “Business Transaction”), unless, in any such case, (A) no Person (other than
the Company, any entity resulting from such Business Transaction or any employee benefit plan (or
related trust) sponsored or maintained by the Company, any Subsidiary or such entity resulting from
such Business Transaction) beneficially owns, directly or indirectly, 35% or more of the combined
voting power of the then-outstanding shares of Voting Stock of the entity resulting from such
Business Transaction or, if it is such entity, the Company and (B) at least one-half of the members
of the Board of Directors of the entity resulting from such Business Transaction were Incumbent
Directors at the time of the execution of the initial agreement providing for such Business
Transaction.

          (f) “Code” means the Internal Revenue Code of 1986, as amended.

          (g) “Competitive Activity” means the Executive’s participation, without the written consent
signed by an officer of the Company and authorized by the Board, in the management of any business
enterprise if (i) such enterprise engages in substantial and direct competition with the Company
and such enterprise’s sales of any product or service competitive with any product or service of
the Company amounted to 10% of such enterprise’s net sales for its most recently completed fiscal
year and if the Company’s net sales of said product or service amounted to 10% of the Company’s net
sales for its most recently completed fiscal year or (ii) the primary business done or intended to
be done by such enterprise is in direct competition with the business of providing facility
services in any geographic market in which the Company operates. “Competitive Activity” will not
include the mere ownership of securities in any such enterprise and the exercise of rights
appurtenant thereto, if such ownership is less than 5% of the outstanding voting securities or
units of such enterprise.

          (h) “Employee
 Benefits” means the benefits
and service credit for benefits as provided under any and all employee retirement income and welfare benefit policies, plans, programs
 or arrangements
 in which the Executive is entitled to participate, including without limitation any stock option, performance share, performance unit,
 stock purchase, stock appreciation, savings, pension, supplemental executive retirement, or other retirement income or welfare benefit,
 deferred compensation, incentive compensation, group or other life, health, medical/hospital or other insurance (whether funded by actual insurance or self-insured
 by the Company or a Subsidiary), disability, salary continuation, expense reimbursement and other employee benefit policies, plans, programs
 or arrangements that may now exist or any equivalent successor policies, plans, programs or arrangements that may be adopted hereafter by
 the Company or a Subsidiary, providing benefits and service credit for benefits at least as great in the aggregate as are payable thereunder immediately prior to
a Change in Control.

          (i) “ERISA” means the Employee Retirement Income Security Act of 1976, as amended

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          (j) “Excess Parachute Payment” means a payment that creates an obligation for Executive to pay
excise taxes under Section 280G of the Code or any successor provision thereto.

          (k) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          (l) “Good Reason” means the occurrence of one or more of the following events:

               (i) Failure to elect or reelect or otherwise to maintain the Executive in the office or the
position he had with the Company immediately prior to a Change in Control, or a substantially
equivalent or better office or position than that which he had with the Company immediately prior
to the Change in Control, in either such case with the Company, any legal successor to the Company
or, if the Company merges with or into another entity with substantial operations, with respect to
the business of the Company and its Subsidiaries substantially as conducted immediately prior to
the Change in Control;

               (ii) Failure of the Company to remedy any of the following within 30 calendar days after
receipt by the Company of written notice thereof from the Executive: (A) a significant adverse
change in the nature or scope of the authorities, powers or functions attached to the position with
the Company which the Executive held immediately prior to the Change in Control, (B) a material
reduction in the Executive’s Base Pay, (C) a material reduction in the Executive’s Incentive Pay
Opportunity or Incentive Pay Target, or (D) the termination or denial of the Executive’s rights to
material Employee Benefits or a material reduction in the scope or value thereof, unless such
termination or reduction referred to in clauses (B), (C) or (D) applies on a substantially similar
basis to all executives of the Company and its parent entities or such right is replaced with a
right with a substantially similar scope or value;

               (iii) The liquidation, dissolution, merger, consolidation or reorganization of the Company or
the transfer of all or substantially all of its business and/or assets, unless the successor or
successors (by liquidation, merger, consolidation, reorganization, transfer or otherwise) to which
all or substantially all of its business and/or assets have been transferred (by operation of law
or otherwise) assumed all duties and obligations of the Company under this Agreement pursuant to
Section 11(a);

               (iv) If the Executive’s principal residence at the time in question is within 35 miles of the
Company’s headquarters or the headquarters of the Subsidiary that is Executive’s employer, the
Company requires the Executive to have Executive’s principal location of work changed to any
location that is in excess of 50 miles from such residence without Executive’s prior written
consent; or

               (v) Without limiting the generality or effect of the foregoing, any material breach of this
Agreement or any Other Employment Agreement (as defined in Section 6) by the Company or any
successor thereto which is not remedied by the

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Company within 10 calendar days after receipt by the Company of written notice from the
Executive of such breach.

A termination of employment by the Executive for one of the reasons set forth in clauses (i) — (v),
above, will not constitute “Good Reason” unless, within the 60-day period immediately following the
occurrence of such Good Reason event, the Executive has given written notice to the Company
specifying in reasonable detail the event or events relied upon for such termination and the
Company has not remedied such event or events within 30 days of the receipt of such notice. The
Company and the Executive may mutually waive in writing any of the foregoing provisions with
respect to an event or events that otherwise would constitute Good Reason.

          (m) “Incumbent Directors” means the individuals who, as of the date hereof, are Directors of
the Company and any individual becoming a Director subsequent to the date hereof whose election,
nomination for election by the Company’s shareholders or appointment was approved by a vote of at
least two-thirds of the then Incumbent Directors (either by a specific vote or by approval of the
proxy statement of the Company in which such person is named as a nominee for director, without
objection to such nomination); provided, however, that an individual shall not be an Incumbent
Director if such individual’s election or appointment to the Board occurs as a result of an actual
or threatened election contest (as described in Rule 14a-12(c) of the Exchange Act) 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.

          (n) “Incentive Pay” means compensation in addition to Base Pay determined by reference to one
or more performance measures, whether payable in cash, securities or otherwise.

          (o) “Incentive Pay Opportunity” means the maximum amount of Incentive Pay that the Executive
would receive pursuant to any Incentive Pay Plan in existence immediately prior to a Change in
Control (disregarding the effects of the Change in Control, including without limitation increased
depreciation or amortization, financing expense and transaction costs), assuming satisfaction of
all thresholds or other conditions thereto established (i) prior to the Change in Control or (ii)
after the Change in Control either (A) with the Executive’s specific prior written approval or (B)
by action of a committee of the Board comprised solely of Independent Directors.

          (p) “Incentive Pay Plan” means any plan, program, agreement or arrangement (excluding employee
stock options, restricted stock or other rights the value of which is determined solely by
reference to the value of the Company’s common stock).

          (q) “Incentive Pay Target” means the amount or value of Incentive Pay the Executive would have
received assuming that the Incentive Pay Plans in effect immediately prior to the Change in Control
continue unchanged and are satisfied at the target level and, if applicable, any conditions to
entitlement to payment at the target level

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thereunder that are not measured by the Company’s results of operation are satisfied at the
target level.

          (r) “Independent Directors” means directors who qualify as “independent” directors under
then-applicable New York Stock Exchange rules applicable to compensation committees (whether or not
the Company’s securities continue to be listed for trading thereon).

          (s) “Other Agreement” means an agreement, contract or understanding (including any option or
equity plan or agreement) other than this Agreement, heretofore or hereafter entered into by the
Executive with the Company or any Subsidiary.

          (t) “Retirement Plans” means the benefit plans of the Company that are intended to be
qualified under Section 401(a) of the Code and any supplemental executive retirement benefit plan
or any other plan that is a successor thereto as such Retirement Plans were in effect immediately
prior to the Change in Control and if the Executive was a participant in such Retirement Plan
immediately prior to the Change in Control.

          (u) Section 162(m) means Section 162(m) of the Code, and the regulations and guidance
promulgated thereunder, or any successor statute.

          (v) Section 409A means Section 409A of the Code, and the regulations and guidance promulgated
thereunder, or any successor statute.

          (w) “Severance Period” means the period of time commencing on the date of the first occurrence
of a Change in Control and continuing until the earlier of (i) the second anniversary of the
occurrence of the Change in Control and (ii) the Executive’s death.

          (x) “Subsidiary” means an entity in which the Company directly or indirectly beneficially owns
50% or more of the outstanding Voting Stock.

          (y) “Term” means the period commencing as of the date hereof and expiring on the close of
business on December 31, 2009; provided, however, that (i) commencing on January 1, 2010 and each
January 1 thereafter, the term of this Agreement will automatically be extended for an additional
year unless, not later than September 30 of the immediately preceding year, the Company or the
Executive shall have given notice that it or the Executive, as the case may be, does not wish to
have the Term extended; (ii) if a Change in Control occurs during the Term, the Term will expire on
the last day of the Severance Period; and (iii) subject to Section 3(c), if, prior to a Change in
Control, the Executive ceases for any reason to be a full-time employee of the Company, thereupon
without further action the Term shall be deemed to have expired and this Agreement will immediately
terminate and be of no further effect.

          (z) “Termination Date” means the date on which the Executive’s employment is terminated (the
effective date of which will be the date of termination, or

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such other date that may be specified by the Executive if the termination is pursuant to
Section 3(b)).

          (aa) “Voting Stock” means securities entitled to vote generally in the election of directors.

          (bb) “Welfare Benefits” means Employee Benefits that are provided under any “welfare plan”
(within the meaning of Section 3(1) of ERISA) of the Company, and fringe benefits and other
perquisites of employment, such as car allowances, club dues, financial planning and product
discounts.

     2. Operation of Agreement. This Agreement will be effective and binding immediately upon
its execution, but, anything in this Agreement to the contrary notwithstanding, except as provided
in Section 3(c), this Agreement will not be operative unless and until a Change in Control occurs.
Upon the occurrence of a Change in Control at any time during the Term, without further action,
this Agreement will become immediately operative.

     3. Termination Following a Change in Control. (a) In the event of the occurrence of a
Change in Control, the Executive’s employment may be terminated by the Company during the Severance
Period and the Executive will be entitled to the benefits provided by Section 4 unless such
termination is the result of the occurrence of one or more of the following events:

               (i) The Executive’s death;

               (ii) if the Executive becomes permanently disabled within the meaning of, and begins actually
to receive disability benefits pursuant to, the long-term disability plan in effect for, or
applicable to, the Executive immediately prior to the Change in Control; or

               (iii) Cause.

If, during the Severance Period, the Executive’s employment is terminated by the Company other than
pursuant to Section 3(a)(i), 3(a)(ii) or 3(a)(iii), the Executive will be entitled to the benefits
provided by Section 4, provided that such termination constitutes a “separation from service” as
defined in Section 409A.

          (b) In the event of the occurrence of a Change in Control, the Executive may terminate
employment with the Company during the Severance Period for Good Reason with the right to severance
compensation as provided in Section 4 regardless of whether any other reason, other than Cause, for
such termination exists or has occurred, including without limitation other employment.

          (c) Nothing in this Agreement will (i) be construed as creating an express or implied contract
of employment, changing the status of Executive as an employee at will, giving Executive any right
to be retained in the employ of the Company,

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or giving Executive the right to any particular level of compensation or benefits or (ii)
interfere in any way with the right of the Company to terminate the employment of the Executive at
any time with or without Cause, subject in either case to the obligations of the Company under this
Agreement.

     4. Severance Compensation. (a) If, following the occurrence of a Change in Control, the
Company terminates the Executive’s employment during the Severance Period other than pursuant to
Section 3(a)(i), 3(a)(ii) or 3(a)(iii), or if the Executive terminates Executive’s employment
pursuant to Section 3(b) (any such termination, a “Triggering Termination”), provided that such
Triggering Termination constitutes a “separation from service” as defined in Section 409A, the
Company will pay to the Executive the amounts described in Annex A within five business days after
the Termination Date (subject to the provisions of Section 4(d) of this Agreement) and will
continue to provide to the Executive the benefits described in Annex A for the periods described
therein.

          (b) Without limiting the rights of the Executive at law or in equity, if the Company fails to
make any payment or provide any benefit required to be made or provided hereunder on a timely
basis, the Company will pay interest on the amount or value thereof at an annualized rate of
interest equal to the “prime rate” as set forth from time to time during the relevant period in The
Wall Street Journal “Money Rates” column, plus 200 basis points, compounded monthly, or, if less,
the maximum rate legally allowed. Such interest will be payable as it accrues on demand. Any
change in such prime rate will be effective on and as of the date of such change.

          (c) Unless otherwise expressly provided by the applicable plan, program or agreement, after
the occurrence of a Change in Control, the Company will pay in cash to the Executive a lump sum
amount equal to the sum of (i) any unpaid Incentive Pay that has been earned, accrued, allocated or
awarded to the Executive for any performance period that by its terms as in effect prior to a
Triggering Termination has been completed (any such period, a “Completed Performance Period”)
(regardless of whether payment of such compensation would otherwise be contingent on the continuing
performance of services by the Executive) and (ii) the Pro Rata Portion of the Incentive Pay Target
in effect for any subsequent performance period. For this purpose, “Pro Rata Portion” means (x)
the number of days from and including the first day immediately following the last day of the
immediately preceding Completed Performance Period to and including the Termination Date, divided
by (y) the total number of days in such subsequent performance period. Such payments will be made
at the earlier of (x) the date prescribed for payment pursuant to the applicable plan, program or
agreement and (y) within five business days after the Termination Date, and will be payable and
calculated disregarding any otherwise applicable vesting requirements.

          (d) To the extent required in order to avoid accelerated taxation and/or tax penalties under
Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided
pursuant to this Agreement during the six-month period immediately following the Executive’s
termination of employment shall instead be paid on the first business day after the date that is
six months following the Executive’s

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termination of employment (or upon the Executive’s death, if earlier). In addition, for
purposes of this Agreement, each amount to be paid or benefit to be provided shall be construed as
a separate identified payment for purposes of Section 409A, and any payments described in Annex A
that are due within the “short term deferral period” as defined in Section 409A shall not be
treated as deferred compensation unless applicable law requires otherwise.

     5. Limitations on Payments and Benefits. Notwithstanding any provision of this Agreement
or any Other Agreement to the contrary, if any amount or benefit to be paid or provided under this
Agreement or any Other Agreement would be an Excess Parachute Payment (including after taking into
account the value, to the maximum extent permitted by Section 280G of the Code, of the covenants in
Section 8 hereof), but for the application of this sentence, then the payments and benefits to be
paid or provided under this Agreement and any Other Agreement will be reduced to the minimum extent
necessary (but in no event to less than zero) so that no portion of any such payment or benefit, as
so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing
reduction will not be made if such reduction would result in Executive receiving an After-Tax
Amount less than 90% of the After-Tax Amount of the severance payments he or she would have
received under Section 4 or under any Other Agreement without regard to this clause. Whether
requested by the Executive or the Company, the determination of whether any reduction in such
payments or benefits to be provided under this Agreement or otherwise is required pursuant to the
preceding sentence, and the value to be assigned to the Executive’s covenants in Section 8 hereof
for purposes of determining the amount, if any, of the Excess Parachute Payment will be made at the
expense of the Company by the Company’s independent accountants or benefits consultant. The fact
that the Executive’s right to payments or benefits may be reduced by reason of the limitations
contained in this Section 5 will not of itself limit or otherwise affect any other rights of the
Executive pursuant to this Agreement or any Other Agreement. In the event that any payment or
benefit intended to be provided is required to be reduced pursuant to this Section 5, the Executive
will be entitled to designate the payments and/or benefits to be so reduced in order to give effect
to this Section 5, provided, however, that payments that do not constitute deferred compensation
within the meaning of Section 409A shall be reduced first. The Company will provide the Executive
with all information reasonably requested by the Executive to permit the Executive to make such
designation. In the event that the Executive fails to make such designation within 10 business
days after receiving notice from the Company of a reduction under this Section 5, the Company may
effect such reduction in any manner it deems appropriate.

     6. No Mitigation Obligation; Other Agreements. (a) The Company hereby acknowledges that it
will be difficult and may be impossible for the Executive to find reasonably comparable employment
following the Termination Date. Accordingly, the payment of the severance compensation by the
Company to the Executive in accordance with the terms of this Agreement is hereby acknowledged by
the Company to be reasonable, and the Executive will not be required to mitigate the amount of any
payment provided for in this Agreement by seeking other employment or otherwise, nor will any
profits, income, earnings or other benefits from any source whatsoever create any

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mitigation, offset, reduction or any other obligation on the part of the Executive hereunder or
otherwise, except as expressly provided in Paragraph 2(E) of Annex A.

          (b) A termination of employment pursuant to Section 3(a), 3(b) or 3(c) will not affect any
rights that the Executive may have pursuant to any agreement, policy, plan, program or arrangement
of the Company or Subsidiary providing Employee Benefits, which rights will be governed by the
terms thereof. To the extent that the Executive receives payments by reason of his or her
termination of employment pursuant to any other employment or severance agreement or employee plan
(collectively, “Other Employment Agreements”), the amounts otherwise receivable under Section 4
will be reduced by the amounts actually paid pursuant to the Other Employment Agreements, but not
below zero, to avoid duplication of payments so that the total amount payable or value of benefits
receivable hereunder and under the Other Employment Agreements is not less than the amounts so
payable or value so receivable had such benefits been paid in full hereunder.

     7. Legal Fees and Expenses. It is the intent of the Company that the Executive not be
required to incur legal fees and the related expenses associated with the interpretation,
enforcement or defense of Executive’s rights in connection with any dispute arising under this
Agreement because the cost and expense thereof would substantially detract from the benefits
intended to be extended to the Executive hereunder. Accordingly, if it should appear to the
Executive that the Company has failed to comply with any of its obligations under this Agreement or
in the event that the Company or any other person takes or threatens to take any action to declare
this Agreement void or unenforceable, or institutes any proceeding designed to deny, or to recover
from, the Executive the benefits provided or intended to be provided to the Executive hereunder,
the Company irrevocably authorizes the Executive from time to time to retain counsel of Executive’s
choice, at the expense of the Company as hereafter provided, to advise and represent the Executive
in connection with any such dispute or proceeding. Without respect to whether the Executive
prevails, in whole or in part, in connection with any of the foregoing, the Company will pay and be
solely financially responsible for any and all reasonable attorneys’ and related fees and expenses
incurred by the Executive in connection with any of the foregoing; provided that, in regard to such
matters, the Executive has not acted in bad faith or with no colorable claim of success. The
Executive shall promptly submit a written request for reimbursement of such expenses, but in no
event later than ninety days following the date on which such expenses were incurred, accompanied
by such evidence of fees and expenses incurred as the Company may reasonably require, and such
reimbursements will be made within thirty business days after delivery of the Executive’s written
requests for payment.

     8. Competitive Activity; Confidentiality; Nonsolicitation. (a) For the period following
the Termination Date specified in Paragraph (3) of Annex A (the “Non-Competition Period”), subject
to the Executive’s receipt of benefits under Section 4, the Executive will not, without the prior
written consent of the Company, which consent will not be unreasonably withheld, engage in any
Competitive Activity.

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          (b) During the Term, the Company agrees that it will disclose to Executive its confidential or
proprietary information (as defined in this Section 8(b)) to the extent necessary for Executive to
carry out Executive’s obligations to the Company. The Executive hereby covenants and agrees that
Executive will not, without the prior written consent of the Company, during the Term and two years
thereafter disclose to any person not employed by the Company, or use in connection with engaging
in competition with the Company, any confidential or proprietary information of the Company. For
purposes of this Agreement, the term “confidential or proprietary information” will include all
information of any nature and in any form that is owned by the Company and that is not publicly
available (other than by Executive’s breach of this Section 8(b)) or generally known to persons
engaged in businesses similar or related to those of the Company. Confidential or proprietary
information will include, without limitation, the Company’s financial matters, customers,
employees, industry contracts, strategic business plans, product development (or other proprietary
product data), marketing plans, and all other secrets and all other information of a confidential
or proprietary nature. For purposes of the preceding two sentences, the term “Company” will also
include any Subsidiary (collectively, the “Restricted Group”). The obligations imposed by this
Section 8(b) will not apply (i) during the Term, in the course of the business of and for the
benefit of the Company, (ii) if such confidential or proprietary information has become, through no
fault of the Executive, generally known to the public or (iii) if the Executive is required by law
to make disclosure (after giving the Company notice and an opportunity to contest such
requirement).

          (c) The Executive hereby covenants and agrees that for a period ending one year after the
Termination Date Executive will not, without the prior written consent of the Company, which
consent will not unreasonably be withheld as to Executive’s personal assistant, on behalf of
Executive or on behalf of any person, firm or company, directly or indirectly, attempt to
influence, persuade or induce, or assist any other person in so persuading or inducing, any
employee of the Restricted Group to give up, or to not commence, employment or a business
relationship with the Restricted Group.

          (d) Executive and the Company agree that the covenants contained in this Section 8 are
reasonable under the circumstances and subject to the provisions of Section 14 of this Agreement.
Executive acknowledges and agrees that the remedy at law available to the Company for breach of any
of Executive’s obligations under this Section 8 would be inadequate and that damages flowing from
such a breach may not readily be susceptible to being measured in monetary terms. Accordingly,
Executive acknowledges, consents and agrees that, in addition to any other rights or remedies that
the Company may have at law, in equity or under this Agreement, upon adequate proof of Executive’s
violation of any such provision of this Agreement, the Company will be entitled to immediate
injunctive relief and may obtain a temporary order restraining any threatened or further breach,
without the necessity of proof of actual damage.

     9. Employment Rights. Nothing expressed or implied in this Agreement will create any right
or duty on the part of the Company or the Executive to have the Executive remain in the employment
of the Company or any Subsidiary prior to or following any Change in Control.

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     10. Withholding of Taxes. The Company may withhold from any amounts payable under this
Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant
to any applicable law, regulation or ruling.

     11. Successors and Binding Agreement. (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, by agreement in form and substance
reasonably satisfactory to the Executive, expressly 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 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, distributees 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 in Sections 11(a) and 11(b). 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 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 11(c), the
Company will have no liability to pay any amount so attempted to be assigned, transferred or
delegated.

     12. Notices. For all purposes of this Agreement, all communications, including without
limitation notices, consents, requests or approvals, required or permitted to be given hereunder
will be in writing and will be deemed to have been duly given when hand delivered or dispatched by
electronic facsimile transmission (with receipt thereof orally confirmed), or five business days
after having been mailed by United States registered or certified mail, return receipt requested,
postage prepaid, or three business days after having been sent by a nationally recognized overnight
courier service such as FedEx or UPS, addressed to the Company (to the attention of the Secretary
of the Company) at its principal executive office and to the Executive at Executive’s principal
residence, or to such other address as any party may have furnished to the other in writing and in
accordance herewith, except that notices of changes of address will be effective only upon receipt.

     13. Governing Law. The validity, interpretation, construction and performance of this
Agreement will be governed by and construed in accordance with the substantive laws of the State of
Delaware and federal law, without giving effect to the

12

 

principles of conflict of laws of such State, except as expressly provided herein. In the event
the Company exercises its discretion under Section 8(d) to bring an action to enforce the covenants
contained in Section 8 in a court of competent jurisdiction where the Executive has breached or
threatened to breach such covenants, and in no other event, the parties agree that the court may
apply the law of the jurisdiction in which such action is pending in order to enforce the covenants
to the fullest extent permissible.

     14. Validity. If any provision of this Agreement or the application of any provision
hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, including
without limitation Section 8 hereof, the remainder of this Agreement and the application of such
provision to any other person or circumstance will not be affected, and the provision so held to be
invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent)
necessary to make it enforceable, valid or legal. If any covenant in Section 8 should be deemed
invalid, illegal or unenforceable because its time, geographical area, or restricted activity, is
considered excessive, such covenant will be modified to the minimum extent necessary to render the
modified covenant valid, legal and enforceable.

     15. Miscellaneous. No provision of this Agreement may be modified, waived or discharged
unless such waiver, modification or discharge is agreed to in writing signed by the Executive and
the Company. No waiver by either party hereto at any time of any breach by the other party hereto
or compliance with any condition or provision of this Agreement to be performed by such other party
will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. No agreements or representations, oral or otherwise, expressed or
implied with respect to the subject matter hereof have been made by either party that are not set
forth expressly in this Agreement. The headings used in this Agreement are intended for
convenience or reference only and will not in any manner amplify, limit, modify or otherwise be
used in the construction or interpretation of any provision of this Agreement. References to
Sections are to Sections of this Agreement. References to Paragraphs are to Paragraphs of an Annex
to this Agreement. Any reference in this Agreement to a provision of a statute, rule or regulation
will also include any successor provision thereto.

     16. Survival. Notwithstanding any provision of this Agreement to the contrary, the
parties’ respective rights and obligations under Sections 3(c), 4, 5, 7, 8, 9, 10, 11(b), 16 and 18
will survive any termination or expiration of this Agreement or the termination of the Executive’s
employment following a Change in Control for any reason whatsoever.

     17. Beneficiaries. The Executive will be entitled to select (and change, to the extent
permitted under any applicable law) a beneficiary or beneficiaries to receive any compensation or
benefit payable hereunder following the Executive’s death, and may change such election, in either
case by giving the Company written notice thereof in accordance with Section 12. In the event of
the Executive’s death or a judicial determination of the Executive’s incompetence, reference in
this Agreement to the “Executive” will be deemed, where appropriate, to the Executive’s
beneficiary, estate or other legal representative.

13

 

     18. Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original but all of which together will constitute one and the same
agreement.

     19. Section 409A. To the extent applicable, it is intended that this Agreement comply with
the provisions of Section 409A. This Agreement will be administered in a manner consistent with
this intent, and any provision that would cause the Agreement to fail to satisfy Section 409A will
have no force and effect until amended to comply with Section 409A (which amendment may be
retroactive to the extent permitted by Section 409A and may be made by the Company without the
consent of the Executive). Prior to any Change in Control, the Company and the Executive will
agree to any amendment of this Agreement approved by the Board based on the advice of Skadden,
Arps, Slate, Meagher & Flom, LLP or any other nationally recognized law firm designated by the
Board that such amendment, if implemented, is or is reasonably likely to reduce any adverse effect
on the Company or the Executive of any rule, regulation or IRS interpretation of Section 409A and
that such firm is recommending similar changes or provisions to its other clients that have
change-in-control, severance or employment agreements or plans.

14

 

EXECUTION COPY

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of
the date first above written.

	 	 	 	 	 
	 	 	ABM INDUSTRIES INCORPORATED
	 
	 	 	 	 
	 

	 	By:	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	 

	 	Signature:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Date:	 	 

15

 

Annex A

SEVERANCE COMPENSATION, ETC.

     (1) A lump sum payment in an amount equal to two times the sum of (A) Base Pay (at the rate in
effect for the year in which the Termination Date occurs), plus (B) Incentive Pay Target (or, if
the Incentive Pay Target shall not have been established or shall be reduced after a Change in
Control, the highest aggregate Incentive Pay Target as in effect for any of the three fiscal years
immediately preceding the year in which the Change in Control occurred).

     (2) (A) For any Welfare Benefits that the Executive was receiving or entitled to receive
immediately prior to the Termination Date (or, if greater, immediately prior to the reduction,
termination or denial described in Section 1(1)(ii)) that are considered to be “reimbursement
arrangements” covered under Section 1.409A-1(b)(9)(iv)(A) of the Code:

	 	(i)	 	for a period of 18 months following the Termination Date (the
“Continuation Period”), the Company will arrange to provide the Executive with
Welfare Benefits substantially similar to those that the Executive was
receiving or entitled to receive immediately prior to the Termination Date
(or, if greater, immediately prior to the reduction, termination, or denial
described in Section 1(I)(ii)) except that the level of any such Welfare
Benefits to be provided to the Executive may be reduced in the event of a
corresponding reduction generally applicable to all similarly situated
recipients of or participants in such Welfare Benefits. If and to the extent
that any benefit described in this Paragraph 2 is not or cannot be paid or
provided under any policy, plan, program or arrangement of the Company or any
Subsidiary, as the case may be, then the Company will itself pay or provide
for the payment to the Executive, Executive’s dependents and beneficiaries, of
such Welfare Benefits along with, in the case of any benefit described in this
Paragraph 2 that is subject to tax because it is not or cannot be paid or
provided under any such policy, plan, program or arrangement of the Company or
any Subsidiary, an additional amount such that after payment by the Executive,
or Executive’s dependents or beneficiaries, as the case may be, of all taxes
so imposed, the recipient retains an amount equal to such taxes. Such tax
payment will be made to the Executive by the Company no later than December
31st of the year in which the Executive remits such tax payments to
the appropriate taxing authorities.

16

 

	 	(ii)	 	the Company will pay to the Executive, in a lump sum within
the time period described in Section 4(a), an amount equal to the difference
between (1) the present value of the continuation of such benefits for 18
months and (2) the present value of the benefits the Executive will receive
under Paragraph 2(A) (i).

     (B) Notwithstanding the foregoing, or any other provision of the Agreement, for purposes of
determining the period of continuation coverage to which the Executive or any of Executive’s
dependents is entitled pursuant to Section 4980B of the Code under the Company’s medical, dental
and other group health plans, or successor plans, the Executive’s “qualifying event” will be the
termination of the Continuation Period and the Executive will be considered to have remained
actively employed on a full-time basis through that date, provided, however, that (1) with respect
to health benefits the continuation period will in all events terminate on the 18-month anniversary
of the termination date as so determined and (2) the Company will pay, or reimburse the Executive
for, all COBRA continuation costs during such period.

     (C) For purposes of the immediately preceding sentence and for purposes of calculating service
or age to determine the Executive’s eligibility for welfare benefits, including benefits under any
retiree medical benefits or life insurance plan or policy, the Executive will be considered to have
remained actively employed on a full-time basis through the termination of the Continuation Period.

     (D) For any Welfare Benefits that the Executive was receiving or entitled to receive
immediately prior to the Termination Date (or, if greater, immediately prior to the reduction,
termination, or denial described in Section 1(1)(5)) that are not considered to be “reimbursement
arrangements” covered under Section 1.409A-1(b)(9)(iv)(A) of the Code, the Company shall pay to the
Executive, within the time period described in Section 4(a), in a lump sum, an amount equal to the
present value of the continuation of such benefits for 18 months following the Termination Date.

     (E) Welfare Benefits otherwise receivable by the Executive pursuant to this Paragraph 2 will
be reduced to the extent comparable Welfare Benefits are actually received by the Executive from
another employer during the Continuation Period following the Executive’s Termination Date, and any
such Welfare Benefits actually received by the Executive will be reported by the Executive to the
Company.

   (3) The Non-Competition Period contemplated by Section 8(a) will be 12 months from the
Termination Date.

17EX-4.1

Exhibit 4.1

STATEMENT WITH RESPECT TO SHARES

OF

9.875% FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK,

SERIES L,

OF

THE PNC FINANCIAL SERVICES GROUP, INC.

 

Pursuant to Section 1522(c)

of the

Pennsylvania Business

Corporation Law of 1988

 

     In compliance with the requirements of Section 1522(c) of Pennsylvania Business Corporation
Law of 1988 (the “PBCL”), The PNC Financial Services Group, Inc., a corporation organized and
existing under the PBCL (the “Corporation”), hereby certifies that:

          1. The name of the Corporation is The PNC Financial Services Group, Inc.

          2. The resolution (“Resolution”) duly adopted by the Board of Directors of the Corporation
(the “Board of Directors”) establishing and designating a series of the Corporation’s Preferred
Stock, par value $1.00 per share, and fixing and determining the relative rights and preferences
thereof is as follows:

     RESOLVED, that pursuant to the authority granted to and vested in the Board of Directors by
the provisions of the Amended and Restated Articles of Incorporation, a series of Preferred Stock,
$1.00 par value per share, of the Corporation be and hereby is created, and that the designation
and number of shares of such series, and the voting and other powers, designations, preferences and
relative, participating, optional or other rights, and the qualifications, limitations and
restrictions thereof, of the shares of such series, are as follows:

RIGHTS AND PREFERENCES

     Section 1. Designation of Series and Number of Shares. A series of Preferred Stock
designated “9.875% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series L” (herein called
“Series L Preferred Stock”) shall be established, and the authorized number of shares that shall
constitute such series shall be 1,725 shares, $1.00 par value per share, which may be decreased
(but not below the number of shares of Series L Preferred Stock then outstanding) from time to time
by resolution of the Board of Directors by a certificate executed and acknowledged by the
Corporation and filed with the Secretary of Commonwealth of the Commonwealth of Pennsylvania.
Shares of outstanding Series L Preferred Stock that are redeemed, purchased or

 

 

otherwise acquired by the Corporation, or converted into another series of Preferred Stock,
shall be cancelled and shall revert to authorized but unissued shares of Preferred Stock
undesignated as to series.

     Section 2. Definitions. As used herein with respect to the Series L Preferred Stock:

     (a) “Articles of Incorporation” means the Amended and Restated Articles of Incorporation of
the Corporation, as may be amended from time to time, and shall include this Statement with Respect
to Shares.

     (b) “Board of Directors” means the board of directors of the Corporation.

     (c) “By-laws” means the Amended and Restated By-laws of the Corporation, as may be amended
from time to time.

     (d) “Business Day” means any day other than a Saturday, Sunday, or any other day on which
banking institutions and trust companies in New York, New York, Pittsburgh, Pennsylvania or
Wilmington, Delaware are permitted or required by any applicable law to close.

     (e) “Calculation Agent” means, at any time, the person or entity appointed by the Corporation
and serving as such agent at such time. The Corporation may terminate any such appointment and may
appoint a successor agent at any time and from time to time; provided that the Corporation shall
use its best efforts to ensure that there is at all relevant times when the Series L Preferred
Stock is outstanding a person or entity appointed and serving as such agent. The Calculation Agent
may be a person or entity affiliated with the Corporation.

     (f) “Dividend Determination Date” means the second London Banking Day immediately preceding
the first day of the relevant Dividend Period.

     (g) “Dividend Payment Date” has the meaning specified in Section 3(a).

     (h) “Dividend Parity Stock” has the meaning specified in Section 3(b).

     (i) “Dividend Period” has the meaning specified in Section 3(a).

     (j) “Dividend Record Date” has the meaning specified in Section 3(a).

     (k) “Excluded Class” means any class or series of Preferred Stock with a liquidation
preference that is less than $100,000 per share, unless the Articles of Incorporation requires such
class or series of Preferred Stock to vote in proportion to their respective liquidation
preferences when voting together with the Series L Preferred Stock as a single class.

     (l) “Junior Stock” means the Common Stock and any other class or series of stock of the
Corporation (other than the Series L Preferred Stock) that ranks junior to the Series L Preferred
Stock either or both as to the payment of dividends and/or as to the distribution of assets on any
liquidation, dissolution or winding up of the Corporation.

-2-

 

     (m) “Liquidation Parity Stock” means any class or series of stock of the Corporation (other
than the Series L Preferred Stock) that ranks equally with the Series L Preferred Stock in the
distribution of assets on any liquidation, dissolution or winding up of the Corporation.

     (n) “London Banking Day” means any day on which commercial banks are open for general business
(including dealings in deposits in U.S. dollars) in London, England.

     (o) “Preferred Stock Directors” has the meaning specified in Section 6(b).

     (p) “Reuters Screen LIBOR01” means the display designated on the Reuters 3000 Xtra (or such
other page as may replace that page on that service or such other service as may be nominated by
the British Bankers’ Association for the purpose of displaying London interbank offered rates for
U.S. dollar deposits).

     (q) “Series L Preferred Stock Liquidation Amount” has the meaning specified in Section 4(a).

     (r) “Statement with Respect to Shares” means this Statement with Respect to Shares relating to
the Series L Preferred Stock, as it may be amended from time to time.

     (s) “Three-Month LIBOR”, with respect to any Dividend Period beginning on or after February 1,
2013, the rate (expressed as a percentage per annum) for deposits in U.S. dollars for a three-month
period commencing on the first day of that Dividend Period that appears on Reuters Screen LIBOR01
as of 11:00 A.M. (London time) on the Dividend Determination Date for that Dividend Period. If
that rate does not appear on Reuters Screen LIBOR01, Three-Month LIBOR shall be determined on the
basis of the rates at which deposits in U.S. dollars for a three-month period commencing on the
first day of that Dividend Period and in a principal amount of not less than $1,000,000 are offered
to prime banks in the London interbank market by four major banks in that market selected by the
Calculation Agent at approximately 11:00 A.M. (London time) on the Dividend Determination Date for
that Dividend Period. The Calculation Agent shall request the principal London office of each of
these banks to provide a quotation of its rate. If at least two such quotations are provided,
Three-Month LIBOR with respect to such Dividend Period shall be the arithmetic mean (rounded upward
if necessary to the nearest 0.00001 of 1%) of such quotations. If fewer than two quotations are
provided, Three-Month LIBOR with respect to that Dividend Period shall be the arithmetic mean
(rounded upward if necessary to the nearest 0.00001 of 1%) of the rates quoted by three major banks
in New York City selected by the Calculation Agent at approximately 11:00 A.M., New York City time,
on the first day of that Dividend Period for loans in U.S. dollars to leading European banks for a
three-month period commencing on the first day of that Dividend Period, and in a principal amount
of not less than $1,000,000. However, if fewer than three banks selected by the Calculation Agent
to provide quotations are quoting as described in the immediately preceding sentence, Three-Month
LIBOR for that Dividend Period shall be the same as Three-Month LIBOR as determined for the
previous Dividend Period.

     (t) “Total Liquidation Amount” has the meaning specified in Section 4(a).

     (u) “Voting Parity Stock” means any and all classes or series of the Corporation’s stock
(other than the Series L Preferred Stock), whether bearing dividends on a non-cumulative or

-3-

 

cumulative basis but otherwise ranking on a parity with the Series L Preferred Stock as to the
payment of dividends, and having voting rights equivalent to those described in Section 6(b).

     Section 3. Dividends.

     (a) Rate. Dividends on shares of Series L Preferred Stock will not be mandatory.
Holders of the Series L Preferred Stock, in preference to the holders of Common Stock and of any
other shares of stock ranking junior to the Series L Preferred Stock as to payment of dividends,
shall be entitled to receive, only when, as and if declared by the Board of Directors or a duly
authorized committee of the Board of Directors out of funds legally available therefor, cash
dividends at the rate determined as set forth below in this Section 3 applied to the Series L
Preferred Stock Liquidation Amount. These dividends shall be payable in arrears (as provided below
in this Section 3(a)), but only when, as and if declared by the Board of Directors or a duly
authorized committee of the Board of Directors, on February 1, May 1, August 1 and November 1 of
each year (commencing on February 1, 2009) (each a “Dividend Payment Date”); provided that if any
such Dividend Payment Date on or after February 1, 2013 would otherwise occur on a day that is not
a Business Day, such Dividend Payment Date shall instead be (and any dividend payable on the Series
L Preferred Stock on such Dividend Payment Date shall instead be payable on) the immediately
succeeding Business Day. If a Dividend Payment Date before February 1, 2013 is not a Business Day,
the applicable dividend shall be paid on the first Business Day following that day without
adjustment. Dividends on the Series L Preferred Stock shall not be cumulative; holders of Series L
Preferred Stock shall not be entitled to receive any dividends not declared by the Board of
Directors or a duly authorized committee of the Board of Directors and no interest, or sum of money
or other property in lieu of interest, shall be payable in respect of any dividend not so declared.

     Dividends that are payable on the Series L Preferred Stock on any Dividend Payment Date will
be payable to holders of record of the Series L Preferred Stock as they appear on the stock
register maintained by the transfer agent and registrar for the Series L Preferred Stock on the
applicable record date, which shall be such date fixed by the Board of Directors (or a duly
authorized committee of the Board of Directors) in advance of such Dividend Payment Date (each, a
“Dividend Record Date”). Any such day that is a Dividend Record Date shall be a Dividend Record
Date whether or not such day is a Business Day; provided that the holders of record of the Series L
Preferred Stock shall be the holders of record at the close of the immediately preceding Business
Day.

     Each dividend period (a “Dividend Period”) shall commence on and include a Dividend Payment
Date (other than the initial Dividend Period, which shall be deemed
to have commenced on and include November 1, 2008) and shall
end on and include the calendar day immediately preceding the next Dividend Payment Date.
Dividends payable on each share of the Series L Preferred Stock in respect of a Dividend Period
shall be computed by the Calculation Agent (i) on the basis of a 360-day year consisting of
twelve-30 day months until the Dividend Payment Date in February 2013 and (ii) thereafter, for each
Dividend Period, by multiplying the per annum dividend rate in effect for that Dividend Period by a
fraction, the numerator of which will be the actual number of days in that Dividend Period and the
denominator of which will be 360. Dividends payable in respect of a Dividend Period shall be
payable in arrears – i.e., on the first Dividend Payment Date after such Dividend Period.

-4-

 

     The dividend rate on the Series L Preferred Stock, for each Dividend Period, shall be (a) a
rate per annum equal to 9.875% until the Dividend Payment Date in February 2013, and (b)
thereafter, a rate per annum that will be reset quarterly and shall be equal to Three-Month LIBOR
for such Dividend Period plus 6.330%.

     The Calculation Agent’s determination of any dividend rate, and its calculation of the amount
of dividends for any Dividend Period, will be maintained on file at the Corporation’s principal
offices and will be available to any shareholder upon request and will be final and binding in the
absence of manifest error.

     Holders of the Series L Preferred Stock shall not be entitled to any dividends, whether
payable in cash, securities or other property, other than dividends (if any) declared and payable
on the Series L Preferred Stock as specified in this Section 3.

     (b) Priority of Dividends. During any Dividend Period, so long as any shares of
Series L Preferred Stock remain outstanding, unless (a) the full dividends for the then-current
Dividend Period on all outstanding Preferred Stock have been paid, or declared and funds set aside
therefor, and (b) the Corporation is not in default on its obligation to redeem any shares of
Series L Preferred Stock that have been called for redemption, no dividend whatsoever shall be
declared on the Common Stock or other Junior Stock, other than a dividend payable solely in shares
of Junior Stock. Neither the Corporation nor any of its subsidiaries may purchase, redeem or
otherwise acquire for consideration (other than as a result of reclassification of Junior Stock for
or into other Junior Stock, or the exchange or conversion of one share of Junior Stock for or into
another share of Junior Stock and other than through the use of the proceeds of a substantially
contemporaneous sale of other shares of Junior Stock), and the Corporation will not pay to or make
available any monies for a sinking fund for the redemption of, any Common Stock or any other Junior
Stock unless the full dividends for the most-recently completed Dividend Period on all outstanding
shares of Series L Preferred Stock shall have been paid. However, the foregoing provisions shall
not restrict the ability of any affiliate of the Corporation to engage in any market-making
transactions in Junior Stock in the ordinary course of business.

     On any Dividend Payment Date for which full dividends are not paid, or declared and funds set
aside therefor, upon the Preferred Stock and other classes or series of capital stock designated as
ranking on a parity with the Series L Preferred Stock as to payment of dividends (“Dividend Parity
Stock”), all dividends paid or declared for payment on that Dividend Payment Date with respect to
the Series L Preferred Stock and the Dividend Parity Stock shall be shared:

	 	•	 	first ratably by the holders of any shares of such other series of Dividend Parity
Stock who have the right to receive dividends with respect to Dividend Periods prior to
the then-current Dividend Period, in proportion to the respective amounts of the
undeclared and unpaid dividends relating to prior Dividend Periods; and
	 
	 	•	 	thereafter by the holders of the shares of Series L Preferred Stock and the Dividend
Parity Stock on a pro rata basis.

     Subject to the foregoing, such dividends (payable in cash, stock or otherwise) as may be
determined by the Board of Directors or a duly authorized committee of the Board of Directors

-5-

 

may be declared and paid on the Common Stock and any other stock that is Dividend Parity Stock
or that ranks junior to the Series L Preferred Stock, from time to time out of any funds legally
available for such payment, and the Series L Preferred Stock shall not be entitled to participate
in any such dividends.

     Any class or series of preferred stock hereafter authorized and issued at any time by the
Corporation that is entitled to receive dividends when, as and if declared by the Board of
Directors or a duly authorized committee of the Board of Directors shall not have, for any period
when any shares of Series L Preferred Stock are outstanding, any dividend payment date that is not
also a Dividend Payment Date of the Series L Preferred Stock.

     The Series L Preferred Stock shall rank on a parity with the Series A, Series B, Series C,
Series D, Series E, Series F, Series H, Series I, Series J and Series K Preferred Stock with
respect to the payment of dividends.

     Section 4. Liquidation Rights.

     (a) Voluntary or Involuntary Liquidation. In the event of any voluntary or
involuntary liquidation, dissolution or winding up of the affairs of the Corporation, holders of
Series L Preferred Stock shall be entitled to receive an amount per share (the “Total Liquidation
Amount”) equal to the fixed liquidation preference of $100,000 per share (the “Series L Preferred
Stock Liquidation Amount”), plus any declared but unpaid dividends including, if applicable, a pro
rata portion of any declared and unpaid dividends for the then-current Dividend Period to the date
of liquidation, without regard to any undeclared dividends. Holders of the Series L Preferred
Stock will be entitled to receive the Total Liquidation Amount out of the assets of the Corporation
that are available for distribution to shareholders of capital stock ranking on a parity on
liquidation to the Series L Preferred Stock, after payment or provision for payment of the
Corporation’s debts and other liabilities but before any distribution of assets is made to holders
of Common Stock or any other shares ranking, as to such distribution, junior to the Series L
Preferred Stock.

     The Series L Preferred Stock ranks on a parity with the Series A, Series B, Series C, Series
D, Series E, Series F, Series H, Series I, Series J and Series K Preferred Stock as to
distributions of assets upon any liquidation, dissolution or winding-up of the Corporation.

     (b) Partial Payment. If the Corporation’s assets are not sufficient to pay the Total
Liquidation Amount in full to all holders of Series L Preferred Stock and to pay the aggregate
liquidation amount to all holders of any shares of the Corporation’s Liquidation Parity Stock, the
amounts paid to the holders of Series L Preferred Stock and to the such other shares of Liquidation
Parity Stock shall be paid pro rata in accordance with the respective aggregate Total Liquidation
Amount and the aggregate liquidation amount of any such outstanding shares of Liquidation Parity
Stock. If the Total Liquidation Amount per share of Series L Preferred Stock has been paid in full
to all holders of Series L Preferred Stock and the liquidation amount of all other shares of
Liquidation Parity Stock has been paid in full, the holders of Common Stock or any other shares
ranking, as to such distribution, junior to the Series L Preferred Stock will be entitled to
receive remaining assets of the Corporation according to their respective rights and preferences.

-6-

 

     (c) Merger, Consolidation and Sale of Assets Not Liquidation. For purposes of this
Section 4, neither the sale, conveyance, exchange or transfer of all or substantially all of the
Corporation’s property and assets, nor the consolidation or merger by the Corporation with or into
any other corporation or by another corporation with or into the Corporation, shall constitute a
liquidation, dissolution or winding up of the Corporation’s affairs.

     Section 5. Redemption.

     (a) Optional Redemption. The Series L Preferred Stock may not be redeemed by the
Corporation prior to February 1, 2013. On that date or on any date after that date, the Series L
Preferred Stock may be redeemed, in whole or in part, at the option of the Corporation. Any such
redemption will be at a cash redemption price of $100,000 per share, plus any declared and unpaid
dividends, without regard to any undeclared dividends. The redemption price for any shares of
Series L Preferred Stock shall be payable on the redemption date to the holder of such shares
against surrender of the certificate(s) evidencing such shares to the Corporation or its agent.
Any declared but unpaid dividends payable on a redemption date that occurs subsequent to the
Dividend Record Date for a Dividend Period shall not be paid to the holder entitled to receive the
redemption price on the redemption date, but rather shall be paid to the holder of record of the
redeemed shares on such Dividend Record Date relating to the Dividend Payment Date as provided in
Section 3 above.

     (b) No Sinking Fund or Redemption by Holders. The Series L Preferred Stock will not
be subject to any mandatory redemption, sinking fund or other similar provisions. Holders of
Series L Preferred Stock have no right to require the redemption or repurchase of the Series L
Preferred Stock.

     (c) Notice of Redemption. Notice of every redemption by the Corporation of Series L
Preferred Stock shall be given by first class mail, postage prepaid, addressed to the holders of
record of the Series L Preferred Stock to be redeemed at their respective last addresses appearing
on the books of the Corporation not less than 30 days and not more than 60 days before the date of
redemption (provided that if the Series L Preferred Stock, or any depositary shares representing
interests in the Series L Preferred Stock, are issued in book-entry form through The Depository
Trust Company or any other similar facility, notice of redemption may be given to the holders of
Series L Preferred Stock at such time and in any manner permitted by such facility). Any notice
mailed or otherwise given as provided in this subsection shall be conclusively presumed to have
been duly given, whether or not the holder receives such notice, and failure duly to give such
notice by mail, or any defect in such notice or in the mailing or provision thereof, to any holder
of Series L Preferred Stock designated for redemption shall not affect the validity of the
proceedings for the redemption of any other shares of Series L Preferred Stock.

     Each such notice given to a holder shall state:

	 	•	 	the redemption date;
	 
	 	•	 	the number of shares of Series L Preferred Stock to be redeemed and, if less than
all the shares held by such holder are to be redeemed, the number of such shares to be
redeemed from such holder;

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	 	•	 	the redemption price; and
	 
	 	•	 	the place or places where the shares are to be redeemed.

     (d) Partial Redemption. In case of any redemption of only part of the shares of
Series L Preferred Stock at the time outstanding, the shares to be redeemed shall be selected
either pro rata from the holders of record of shares of Series L Preferred Stock in proportion to
the number of shares held by those holders or by lot or in such other manner as the Board of
Directors (or a duly authorized committee of the Board of Directors) may determine to be fair and
equitable. Subject to the provisions hereof, the Corporation shall have full power and authority
to prescribe the terms and conditions upon which shares of Series L Preferred Stock may be redeemed
at the Corporation’s option, from time to time. If fewer than all the shares represented by any
certificate are redeemed, a new certificate shall be issued representing the unredeemed shares
without charge to the holder thereof.

     (e) Effectiveness of Redemption. If notice of redemption of any shares of Series L
Preferred Stock has been given and if funds necessary for the redemption have been set aside by the
Corporation for the benefit of the holders of any shares of Series L Preferred Stock so called for
redemption, then, from and after the date of the redemption notice and the deposit of such funds,
those shares shall no longer be deemed outstanding and all rights of the holders of those shares
(including the right to receive any dividends) will terminate, except for the right to receive the
redemption price. Any funds unclaimed at the end of two years from the redemption date, to the
extent permitted by law, shall be released to the Corporation, after which time the holders of the
shares so called for redemption shall look only to the Corporation for payment of the redemption
price of such shares.

     Section 6. Voting Rights.

     (a) General. The holders of Series L Preferred Stock shall not have any voting rights
except as set forth below or as otherwise from time to time required by applicable law.

     (b) Right To Elect Two Directors Upon Nonpayment Events. If and when the dividends on
the Series L Preferred Stock or on any other class or series of Voting Parity Stock have not been
declared and paid (i) in the case of the Series L Preferred Stock and any other class or series of
Voting Parity Stock bearing non-cumulative dividends, in full for at least six quarterly dividend
periods or their equivalents (whether or not consecutive), or (ii) in the case of Voting Parity
Stock bearing cumulative dividends, in an aggregate amount equal to full dividends for at least six
quarterly dividend periods or their equivalent (whether or not consecutive), the authorized number
of directors then constituting the Board of Directors shall automatically be increased by two.
Holders of Series L Preferred Stock, together with the holders of all other affected classes and
series of Voting Parity Stock, voting as a single class, shall be entitled to elect the two
additional members of the Board of Directors (the “Preferred Stock Directors”) at any annual or
special meeting of shareholders at which directors are to be elected or any special meeting of the
holders of the Series L Preferred Stock and any Voting Parity Stock for which dividends have not
been paid, called as provided below, but only if the election of any Preferred Stock Directors
would not cause the Corporation to violate the corporate governance requirements of the New York
Stock Exchange, Inc. (or any other exchange on which

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securities of the Corporation may then be listed) that listed companies must have a majority
of independent directors. In addition, the Board of Directors shall at no time have more than two
Preferred Stock Directors.

     At any time after the holders of Series L Preferred Stock have the vested power to vote for
Preferred Stock Directors, the Secretary of the Corporation may, and upon the written request of
holders of record of at least 20% of the outstanding shares of Series L Preferred Stock and Voting
Parity Stock (addressed to the Secretary of the Corporation) must, call a special meeting of the
holders of Series L Preferred Stock and Voting Parity Stock for the election of the Preferred Stock
Directors. Notice for a special meeting will be given in a similar manner to that provided in the
By-laws for a special meeting of the shareholders, which the Corporation will provide upon request,
or as required by law. If the Secretary of the Corporation is required to call a meeting but does
not do so within 20 days after receipt of any such request, then any holder of shares of Series L
Preferred Stock may (at the Corporation’s expense) call such meeting, upon notice as provided in
this section, and for that purpose will have access to the Corporation’s stock books. The
Preferred Stock Directors elected at any such special meeting shall hold office until the next
annual meeting of the shareholders unless they have been previously terminated as described below.
In case any vacancy occurs among the Preferred Stock Directors, a successor shall be elected by the
Board of Directors to serve until the next annual meeting of the shareholders upon the nomination
of the then remaining Preferred Stock Director or, if none remains in office, by the vote of the
holders of record of a majority of the voting power of the outstanding shares of Series L Preferred
Stock and all Voting Parity Stock, voting as a single class. The Preferred Stock Directors shall
each be entitled to one vote per director on any matter.

     Whenever full dividends have been paid on the Series L Preferred Stock and any non-cumulative
Voting Parity Stock for at least one year and all dividends on any cumulative Voting Parity Stock
have been paid in full, then the right of the holders of Series L Preferred Stock to elect the
Preferred Stock Directors shall cease (but subject always to the same provisions for the vesting of
these voting rights in the case of any similar non-payment of dividends in respect of future
Dividend Periods), the terms of office of all Preferred Stock Directors will immediately terminate
and the number of directors constituting the Board of Directors shall automatically be reduced
accordingly.

     Unless the Articles of Incorporation is amended to require different classes and series of
Preferred Stock to vote in proportion to their respective liquidation preferences when voting
together with the Series L Preferred Stock as a single class, so long as any shares of Series L
Preferred Stock have been issued and are outstanding, any class or series of Voting Parity Stock
hereafter authorized and issued at any time by the Corporation shall have a liquidation preference
that is not less than $100,000 per share.

     (c) Other Voting Rights. So long as any shares of Series L Preferred Stock are
outstanding, in addition to any other vote or consent of shareholders required by law or by the
Articles of Incorporation:

     (i) Creation of Senior Stock. The vote or consent of the holders of at least
two-thirds of the shares of Series L Preferred Stock at the time outstanding and any other
class or series of preferred stock ranking on a parity with or junior to the Series L

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Preferred Stock with respect to payment of dividends and distribution of assets on our
liquidation at the time outstanding (other than any Excluded Class), voting together as a
single class, given in person or by proxy, either in writing without a meeting or by vote at
any meeting called for the purpose, shall be necessary for effecting or authorizing any
amendment of the Articles of Incorporation to authorize, or increase the authorized amount
of, any shares of any class or series of capital stock ranking senior to the Series L
Preferred Stock with respect to payment of dividends or distribution of assets on the
Corporation’s liquidation; in addition, if any series of outstanding Preferred Stock is more
adversely affected by such amendment than the other series, the amendment must also be
approved by a two-thirds vote of such series;

     (ii) Amendment of Articles of Incorporation. The vote or consent of the
holders of at least a majority of the shares of Series L Preferred Stock at the time
outstanding, voting separately as a single class, given in person or by proxy, either in
writing without a meeting or by vote at any meeting called for the purpose, shall be
necessary for effecting or authorizing any amendment of the Articles of Incorporation or
By-laws that would alter or change the voting powers, preferences or special rights of the
Series L Preferred Stock so as to affect them adversely; provided that the amendment of the
Articles of Incorporation so as to authorize or create, or to increase the authorized amount
of, any Junior Stock, any shares of any class or series or any securities convertible into
shares of any class or series of Dividend Parity Stock or other capital stock of the
Corporation ranking on a parity with the Series L Preferred Stock in the distribution of
assets on liquidation, dissolution or winding-up shall not be deemed to affect adversely the
voting powers, preferences or special rights of the Series L Preferred Stock; and

     (iii) Certain Mergers and Consolidations. The vote or consent of the holders
of at least a majority of the shares of Series L Preferred Stock at the time outstanding,
voting separately as a single class, given in person or by proxy, either in writing without
a meeting or by vote at any meeting called for the purpose, shall be necessary for effecting
or authorizing any merger or consolidation of the Corporation with or into any entity other
than a corporation, or any merger or consolidation of the Corporation with or into any other
corporation if the Corporation is not the surviving corporation in such merger or
consolidation and if the Series L Preferred Stock is changed in such merger or consolidation
into anything other than a class or series of preferred stock of the surviving or resulting
corporation, or a corporation controlling such corporation, having voting powers,
preferences and special rights that, if such change were effected by amendment of the
Articles of Incorporation, would not require a vote of the holders of the Series L Preferred
Stock under either of the preceding paragraphs.

     Each holder of Series L Preferred Stock will have one vote per share on any matter on which
holders of Series L Preferred Stock are entitled to vote, including any action by written consent.

     (d) Changes after Provision for Redemption. No vote or consent of the holders of
Series L Preferred Stock shall be required pursuant to Section 6(b) or (c) above if, at or prior to
the time when any such vote or consent would otherwise be required pursuant to such Section, all
outstanding shares of Series L Preferred Stock shall have been redeemed, or shall have been

-10-

 

called for redemption upon proper notice and sufficient funds shall have been set aside for
such redemption, in each case pursuant to Section 5 above.

     Section 7. Record Holders. To the fullest extent permitted by applicable law, the
Corporation and the transfer agent for the Series L Preferred Stock may deem and treat the record
holder of any share of Series L Preferred Stock as the true and lawful owner thereof for all
purposes, and neither the Corporation nor such transfer agent shall be affected by any notice to
the contrary.

     Section 8. Notices. All notices or communications in respect of the Series L
Preferred Stock shall be sufficiently given if given in writing and delivered in person or by first
class mail, postage prepaid, or if given in such other manner as may be permitted in this Statement
with Respect to Shares, in the Articles of Incorporation or By-laws or by applicable law.

     Section 9. No Preemptive Rights. No share of Series L Preferred Stock shall have any
rights of preemption whatsoever as to any securities of the Corporation, or any warrants, rights or
options issued or granted with respect thereto, regardless of how such securities, or such
warrants, rights or options, may be designated, issued or granted.

     Section 10. Other Rights. The shares of Series L Preferred Stock shall not have any
voting powers, preferences or relative, participating, optional or other special rights, or
qualifications, limitations or restrictions thereof, other than as set forth herein or in the
Articles of Incorporation or as provided by applicable law.

     RESOLVED, that all actions taken by the officers and directors of the Corporation or any of
them in connection with the foregoing resolutions through the date hereof be, and they hereby are,
ratified and approved.

          3. The aggregate number of shares of the Series L Preferred Stock established and designated
by (a) the Resolution, (b) all prior statements, if any, filed under Section 1522 of the PBCL or
corresponding provisions of prior law with respect thereto, and (c) any other provision of the
Amended and Restated Articles of Incorporation, is 1,725 shares.

          4. The Resolution was duly adopted at a meeting of the Board of Directors duly called and held
on December 23, 2008.

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     IN WITNESS WHEREOF, this Statement with Respect to Shares is executed on behalf of the
Corporation by its duly authorized officer this 26th day of December, 2008.

	 	 	 	 	 
	 	THE PNC FINANCIAL SERVICES GROUP, INC.

 	 
	 	By:  	/s/ George P. Long, III 	 
	 	 	Name:  	George P. Long, III 	 
	 	 	Title:  	Senior Counsel and Corporate Secretary 	 
	 

-12-

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