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PNC » Topics » R ETENTION A ND I NCENTIVE P LAN

This excerpt taken from the PNC 10-Q filed Aug 9, 2006.

RETENTION AND INCENTIVE PLAN

We describe BlackRock’s long-term retention and incentive plan (“LTIP”) in Note 18 Stock-Based Compensation Plans in the Notes To Consolidated Financial Statements included in Part II, Item 8 of our 2005 Form 10-K. We reported pretax expense of $26 million in the first six months of 2006 and $32 million in the first six months of 2005 related to LTIP awards.

 

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