Document:

ex10-18.htm

EXHIBIT 10.18

 

SUMMARY OF COMPENSATION ARRANGEMENTS WITH NON-EMPLOYEE DIRECTORS

 

The following summarizes the current compensation and benefits received by the Company’s non-employee directors as of January 1, 2013.  This document is intended to be a summary of existing oral, at will arrangements, and in no way is intended to provide any additional rights to any non-employee director.  Compensation of the non-employee directors may be adjusted from time to time.

Retainer

Non-employee directors each receive an annual retainer fee of $26,000.  The Chairman of the Audit Committee receives an annual retainer of $20,000, the Chairman of the Compensation Committee receives an annual retainer of $10,000 and the Chairman of each of the Corporate Governance/Nominating Committee and Diversity Committee receives an annual retainer of $6,000.  A director that chairs more than one committee receives a retainer with respect to each Committee he chairs.  All of the retainers are paid on a quarterly basis.

Meeting Fees

Per meeting fees for non-employee directors are as follows:

	
  

	
–

	
For meetings of the Board of Directors, $2,500

	
  

	
–

	

For meetings of the Compensation Committee, Corporate Governance/Nominating Committee and Diversity Committee, $1,500.

	
  

	
–

	
For meetings of the Audit Committee either in person or over the telephone, $2,500.  In addition, the Chairman receives an additional $2,500 for preparing to conduct each quarterly meeting.

 

Equity Compensation

Under the terms of the Company’s Stock Incentive Plan, directors are eligible to receive stock options, stock awards, and other types of equity-based compensation awards.  However, the Company does not make any such awards to non-employee directors under its current compensation practices.

All non-employee directors are entitled to reimbursement of expenses for all services as a director, including committee participation or special assignments.ex10-19.htm

EXHIBIT 10.19

SUMMARY OF COMPENSATION ARRANGEMENTS WITH NON-EMPLOYEE DIRECTORS

The following summarizes the current compensation and benefits received by the Company’s non-employee directors as of January 1, 2013.  This document is intended to be a summary of existing oral, at will arrangements, and in no way is intended to provide any additional rights to any non-employee director.  Compensation of non-employee directors may be adjusted from time to time.

Retainer

Non-employee directors each receive an annual retainer fee of $26,000.  The Chairman of the Audit Committee receives an annual retainer of $20,000, the Chairman of the Compensation Committee receives an annual retainer of $10,000 and the Chairman of each of the Corporate Governance/Nominating Committee and Diversity Committee receives an annual retainer of $6,000.  A director that chairs more than one committee receives a retainer with respect to each Committee he chairs.  All of the retainers are paid on a quarterly basis.

Meeting Fees

	
 

	
Per meeting fees for non-employee directors are as follows:

 

	
–

	
For meetings of the Board of Directors, $2,500, and for meetings of the Compensation Committee, Corporate Governance/Nominating Committee and Diversity Committee, $1,500.

	
–

	
For meetings of the Audit Committee either in person or over the telephone, $2,500.  In addition, the Chairman receives an additional $2,500 for preparing to conduct each quarterly Board and Board Committee meeting.

	

 

	
Equity Compensation

 

               Under the terms of the Company’s 2004 Stock Incentive Plan, directors are eligible to receive stock options, stock awards, and other types of equity-based compensation awards.  However, the Company does not make any such awards to non-employee directors under its current compensation practices.

 

               All non-employee directors are entitled to reimbursement of expenses for all services as a director, including committee participation or special assignments.EX-10.24

 EXHIBIT 10.24 
 AMENDMENT 2012-1 
 THE PNC FINANCIAL SERVICES GROUP, INC. 

AND AFFILIATES DEFERRED COMPENSATION PLAN 
 (as amended and restated as of May 5, 2009) 
 WHEREAS, The PNC
Financial Services Group, Inc. (the “Corporation”) sponsors The PNC Financial Services Group, Inc. and Affiliates Deferred Compensation Plan (the “Plan”); 

WHEREAS, the Corporation wishes to amend the Plan to clarify the Plan’s provisions regarding the ability of a participant to modify
his or her election regarding the form of payment or timing of distributions under the Plan; and 
 WHEREAS, Section 10 of
the Plan authorizes the Corporation to amend the Plan. 
 NOW, THEREFORE, IT IS RESOLVED, that the Plan is hereby amended as
follows, effective as of January 1, 2012 unless otherwise stated herein: 
 1. The third sentence of Section 4.2 of the
Plan (“Manner of Distribution”) is amended in its entirety to read as follows: 
 “Except as otherwise provided in
Section 13.13, a Participant who has not already commenced receiving a distribution with respect to a Deferral Amount may subsequently change either the time or form of distribution for the portion of his or her account attributable to such
Deferral Amount (a “Subsequent Deferral Election”); provided, however, that, with respect to a Deferral Amount to be distributed in connection with a previously specified Distribution Date (i.e., a distribution in connection with a
designated January 15 or July 15), a Subsequent Deferral Election may be made only to select another specified Distribution Date and/or to change the form in which the distribution is to be made in connection with the specified
Distribution Date from annual installments to a lump sum and, with respect to a Deferral Amount to be distributed in connection with the Participant’s Severance from Service, a Subsequent Deferral Election may be made only with respect to the
form in which the distribution is to be made; provided further that a Subsequent Deferral Election may be made only if the Subsequent Deferral Election (i) is made by filing a new Deferral Election Form no later than twelve (12) months
prior to the Distribution Date for such portion of his or her Account, (ii) is not effective until twelve (12) months have elapsed from the date on which the change is made, and (iii) defers the Distribution Date for such portion of
his or her Account by at least five (5) years from the Distribution Date applicable under the prior Deferral Election Form. In the case of a Subsequent Deferral Election with respect to a Deferral Amount to be distributed in connection with the
Participant’s Severance From Service, the Distribution Date for the Deferral Amount following the Subsequent Deferral Election shall be the Distribution Date determined in accordance with Section 4.1 as if the Participant’s Severance
from Service occurred on the anniversary of the Participant’s actual Severance from Service that is equal to the product of (A) five multiplied by (B) the number of Subsequent Deferral Elections that the Participant has made
with respect to the Deferral 

  

1 

 
Amount to be distributed in connection with his Severance from Service. A Participant may make a Subsequent Deferral Election in accordance with the procedures established by the Plan Manager.
Notwithstanding the foregoing, a Participant’s Subsequent Deferral Election shall be cancelled, void and of no further force and effect if the Participant experiences a Severance from Service before the Subsequent Deferral Election is effective
on the 12-month anniversary of date on which the Subsequent Deferral Election is made.” 
 [REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK] 

  

2 

 Executed and adopted by the Chief Human Resources Officer of The PNC Financial Services Group, Inc. this
19th day of December, 2012 pursuant to the authority delegated by the Corporation’s Personnel and Compensation Committee. 
  

	
	/s/ Joan L. Gulley
	 Joan L. Gulley

Executive Vice President and
 Chief Human
Resources Officer

 [Signature Page to Amendment 2012-1 to 

The PNC Financial Services Group, Inc. and Affiliates Deferred Compensation Plan]EX-10.41

 EXHIBIT 10.41 
 AMENDMENT 2012-1 
 THE PNC FINANCIAL SERVICES GROUP, INC. 

EMPLOYEE STOCK PURCHASE PLAN 
 (as amended and restated effective January 1, 2009) 
 WHEREAS, The PNC
Financial Services Group, Inc. (the “Corporation”) sponsors The PNC Financial Services Group, Inc. Employee Stock Purchase Plan (the “Plan”); 
 WHEREAS, the Corporation wishes to amend the Plan to clarify the Plan’s provisions regarding the eligibility of certain rehired employees to participate in the Plan; and 

WHEREAS, Section 6.3 of the Plan permits the non-material amendment of the Plan at any time without approval of the shareholders of
the Corporation. 
 NOW, THEREFORE, IT IS RESOLVED, that the Plan is hereby amended as follows, effective as of January 1,
2012 unless otherwise stated herein: 
 1. The definition of “Continuous Service” under Section 1.2 of the
Plan (“Definitions”) is amended in its entirety to read as follows: 
 “Continuous
Service means the period of time, uninterrupted by a termination of employment, that an Employee has been employed by the Corporation and/or a Designated Subsidiary immediately preceding an Offering Date. Such period of time will include any
approved leave of absence. Notwithstanding the foregoing, if the Employee’s employment with the Corporation or a Designated Subsidiary has ended and the Employee is receiving or is eligible to receive displacement benefits under The PNC
Financial Services Group, Inc. Displacement Benefits Plan (the “DBP”), the Employee’s Continuous Service will be determined as if the Employee's employment had not ended in such instance if the Employee returns to employment with the
Corporation or a Designated Subsidiary within 30 days of the Employee's termination of employment and the Employee immediately returns any displacement benefits already paid to the Employee under the DBP.” 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

1 

 Executed and adopted by the Chief Human Resources Officer of The PNC Financial Services Group, Inc. this
19th day of December, 2012 pursuant to the authority set forth in Section 6.3 of the Plan and the authority delegated by the Corporation’s Personnel and Compensation Committee. 

 

	
	/s/ Joan L. Gulley
	 Joan L. Gulley

Executive Vice President and
 Chief Human
Resources Officer

 [Signature Page to Amendment 2012-1 to 

The PNC Financial Services Group, Inc. Employee Stock Purchase Plan]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]