This excerpt taken from the HBAN DEF 14A filed Mar 13, 2009.
Potential Payments Upon Termination or Change-in-Control
Under the ARRA Restrictions, severance benefits are restricted due to Huntingtons participation in the Capital Purchase Program under the U.S. Treasurys TARP program.
Huntington has previously entered into change-in-control agreements, referred to as Executive Agreements, with each of the persons named in the Summary Compensation Table. The Executive Agreements were entered into to provide protection for, and thus retain, its well-qualified executive officers notwithstanding any actual or threatened change in control of Huntington. In addition, Mr. Hoaglins employment agreement provides for continuing payments to him upon the event of termination in certain situations other than a change in control. Also, Huntingtons outstanding RSU awards provide for pro-rated payment upon involuntary termination (not for cause) and retirement.