Mode I and II fracture studies were performed from quasistatic to low velocity impact rates on polymethyl methacrylate (PMMA) and polycarbonate (PC). Mode II tests used an angled double-edge notched specimen loaded in compression. The shear banding response of PMMA is shown to be highly sensitive to rate, with diffuse shear bands forming at low rates and sharp distinct shear bands forming at high rates. As the rate increases, shear deformation becomes more localized to the point where Mode II fracture occurs. PC is much less rate dependent and stable shear band propagation is observed over the range of rates studied with lesser amounts of localization. A new theory is formulated relating orientation in a shear band to intrinsic material properties obtained from true-stress true-strain tests. In a qualitative sense the theory predicts the high rate sensitivity of PMMA. A kinematic limit for orientation within a shear band is also derived based on entanglement network parameters. Mode II fracture in PMMA is shown to occur at this kinematic limit. For the case of PC, the maximum impact rates were not high enough to reach the kinematic limit. (C) 2010 Wiley Periodicals, Inc. J Polym Sci Part B: Polym Phys 49: 103-114, 2011