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This excerpt taken from the PNC 8-K filed Feb 13, 2009. Perquisites As previously disclosed, the committee determined in 2004 that the annual incremental cost to us of perquisites should not exceed $50,000 for any executive officer. Effective January 1, 2009, the committee reduced this perquisite cap to $10,000. The committee also determined that Messrs. Rohr, Guyaux and Demchak will continue to have access to our corporate aircraft but will no longer be entitled to any such use as a payment. Instead, they will pay for all personal use of our corporate aircraft pursuant to their time sharing agreements with us, under which they pay the entire incremental cost of their personal flights. The committee also formalized a policy that prohibits executive officers from receiving “tax gross-ups” on any perquisites.
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