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These excerpts taken from the PNC 10-Q filed May 9, 2007. 6. Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Unvested Shares may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered, other than as may be required pursuant
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to Section 10.2, unless and until the Restricted Period terminates and the Awarded Shares are released and reissued by PNC pursuant to Section 9. (b) If Grantee is deceased at the time Restricted Shares become Awarded Shares, PNC will deliver such shares to the executor or administrator of Grantees estate or to Grantees other legal representative as determined in good faith by the Committee. (c) Any delivery of shares or other payment made in good faith by PNC to Grantees executor, administrator or other legal representative shall extinguish all right to payment hereunder. 9. Prohibitions Against Sale, Assignment, etc.; Payment to Legal Representative. (a) Unvested Restricted Share Units and Dividend Equivalents may not be sold, assigned, transferred, exchanged, pledged, hypothecated or otherwise encumbered. (b) If Grantee is deceased at the time Restricted Share Units vest and are settled in accordance with the terms of Section 6, such payment will be made to the executor or administrator of Grantees estate or to Grantees other legal representative as determined in good faith by the Committee.
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(c) Any delivery of shares or other payment made in good faith by PNC to Grantees executor, administrator or other legal representative shall extinguish all right to payment hereunder. | EXCERPTS ON THIS PAGE:
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