Addendum to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan – United Kingdom Sub-Plan
This addendum to The PNC Financial Services Group, Inc. 2006 Incentive Award Plan establishes a United Kingdom Sub-Plan, effective January 26, 2012. It applies to incentive awards granted to employees or officers residing in the UK, ensuring compliance with UK financial regulations. The Sub-Plan incorporates all other provisions of the main plan, except as needed to comply with UK law. It was approved by the company's Personnel and Compensation Committee.
EXHIBIT 10.28
THE PNC FINANCIAL SERVICES GROUP, INC.
2006 INCENTIVE AWARD PLAN
UNITED KINGDOM SUB-PLAN
This United Kingdom Sub-Plan (“Sub-Plan”) is adopted pursuant to Section 22.7 of The PNC Financial Services Group, Inc. 2006 Incentive Award Plan (the “Plan”), effective as of January 26, 2012, to apply to grants of Awards to individuals resident in the United Kingdom. This Sub-Plan is established in order to exempt such grants from the provisions of the United Kingdom Financial Services and Markets Act of 2000. The Sub-Plan is an addendum to the Plan and should be read in conjunction with the Plan, including the defined terms set forth therein.
1. “Eligible Person” for purposes of the Sub-Plan means an employee or officer of the Corporation or of a Subsidiary, selected by the Committee as eligible to receive an Award under the Plan.
2. Incorporation of Remaining Plan Provisions. With the exception of the provision noted above, the provisions of the Plan shall apply or be available to all grants made pursuant to the Sub-Plan.
Adopted and approved by the Personnel and Compensation Committee of the Board of Directors of The PNC Financial Services Group, Inc, at a meeting held on January 26, 2012.
