The program also provides the cheapest
award option in economy class at 30,000 miles one - way.
However, the cheapest option in first class on the very same flight is also 25,000 miles, so be sure to check both the economy and first - class
award options in case it makes more sense to sit up front!
Not exact matches
«
In practice, performance awards are more closely aligned to explicit financial or operational outcomes than stock options,» Jarvis said in a statemen
In practice, performance
awards are more closely aligned to explicit financial or operational outcomes than stock
options,» Jarvis said
in a statemen
in a statement.
(Musk is unlikely to be struggling: He took $ 175,000
in reimbursements for using his private jet, and received $ 23.89 million
in option awards.
Coke will give performance - related shares (stock given to an executive for meeting certain goals) more weight
in the long term
awards, moving the ratio to two - thirds shares, one - third stock
options, by 2016, compared to 60 %
in options and 40 %
in performance - shares now.
It uses stock
awards in the form of stock
options and RSUs as a retention tool for general managers and executive kitchen managers.
So BroadBand's
options are
awarded in return for meeting annual corporate goals.
Rometty earned $ 32.3 million last year from the technology company, a 63 percent jump from the year before, mainly due to $ 12.1 million
in stock
option awards she didn't receive
in 2015.
JPMorgan noted that its calculation of Mr. Dimon's 2010 compensation did not include the $ 17 million
in restricted stock and
options that he was
awarded in February for his performance last year.
The Plan permits grants of the following types of incentive
awards subject to such terms and conditions as the Leadership Development and Compensation Committee shall determine, consistent with the terms of the Plan: (1) stock
options, including stock
options intended to qualify as ISOs, (2) other stock - based
awards, including
in the form of stock appreciation rights, phantom stock, restricted stock, restricted stock units, performance shares, deferred share units or share - denominated performance units, and (3) cash
awards.
Google announced today that Schmidt would be
awarded the sum
in stock and
options that can not be fully cashed
in for four years.
This number is calculated using the share counting rules described
in Sections 5 (a) and 5 (b) of the 2014 Plan and includes the number of shares available for new
award grants under the 2014 Plan out of the 385 million shares authorized by shareholders upon adoption of the 2014 Plan; the number of shares available for new
award grants under the 2003 Employee Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number of shares subject to outstanding stock
options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1 stock split).
Unless otherwise expressly provided
in (or pursuant to) this Section 4 (c) or required by Applicable Law: (A) all
Awards are non-transferable and shall not be subject
in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (B)
Awards that are
Options or Stock Appreciation Rights shall be exercised only by the Participant; and (C) amounts payable or Shares issuable pursuant to any
Award shall be delivered only to (or for the account of) the Participant.
In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock option or stock appreciation right to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principle
In no case, except due to an adjustment to reflect a stock split or other event referred to under «Adjustments» below, and except for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding stock
option or stock appreciation right to reduce the exercise price or base price of the
award, (2) cancel, exchange, or surrender an outstanding stock
option or stock appreciation right
in exchange for cash or other awards for the purpose of repricing the award, (3) cancel, exchange, or surrender an outstanding stock option or stock appreciation right in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principle
in exchange for cash or other
awards for the purpose of repricing the
award, (3) cancel, exchange, or surrender an outstanding stock
option or stock appreciation right
in exchange for an option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principle
in exchange for an
option or stock appreciation right with an exercise or base price that is less than the exercise or base price of the original
award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.
In addition, we believe that our ability to grant
options and other equity - based
awards helps us to attract, retain and motivate qualified employees, and encourages them to devote their best efforts to our business and financial success.
«
Option» means an ISO or NSO granted under the Plan entitling the Participant to purchase Shares upon satisfaction of the conditions contained
in the Plan and the applicable
Award Agreement.
The Plan seeks to achieve this purpose by providing for discretionary long - term incentive
Awards in the form of
Options (which may be Incentive Stock
Options or Nonstatutory Stock
Options), Stock Appreciation Rights, Stock Grants, Restricted Stock Units and Cash Bonus
Awards.
Shares issued with respect to
awards granted under the 2014 Plan other than stock
options or stock appreciation rights are counted against the 2014 Plan's aggregate share limit as two shares for every one share actually issued
in connection with the
award.
Shares issued
in respect of
awards other than stock
options and stock appreciation rights granted under the 2014 Plan and the Director Plan count against the shares available for grant under the applicable plan as two shares for every share granted.
Awards may be granted under the Plan in substitution for or in connection with an assumption of employee, director and / or consultant stock options, stock appreciation rights, restricted stock or other stock - based awards granted by other entities to persons who are or who will become Employees or Consultants in respect of the Company or one of its Subsidiaries in connection
Awards may be granted under the Plan
in substitution for or
in connection with an assumption of employee, director and / or consultant stock
options, stock appreciation rights, restricted stock or other stock - based
awards granted by other entities to persons who are or who will become Employees or Consultants in respect of the Company or one of its Subsidiaries in connection
awards granted by other entities to persons who are or who will become Employees or Consultants
in respect of the Company or one of its Subsidiaries
in connection with a
Under the terms of the LTICP,
in addition to or
in lieu of stock
options, we may
award, and have
awarded in selected situations for retention purposes or to address other competitive pressures, other types of equity - based long - term compensation, including restricted stock, RSRs, stock
awards, stock appreciation rights, performance shares, or performance units.
Realized compensation is not a substitute for reported compensation
in evaluating our compensation structure, but we believe that realized compensation is an important factor
in understanding that the value of compensation that Mr. Musk ultimately realizes is dependent on a number of additional factors, including: (i) the vesting of certain of his
option awards only upon the successful achievement of a number of market capitalization increase and operational milestone targets, including milestones that have not
Information regarding stock
option grants made
in February and June 2007 appears
in columns (b) and (j) of the Grants of Plan - Based
Awards table.
Stock appreciation rights are generally subject to the same terms and limitations as
options or, when granted
in tandem with other
awards, to the same terms as those other
awards.
Unlike the original
options shown
in the «Outstanding Equity
Awards at Fiscal Year - End» table, Mr. Kovacevich's
options become 100 % vested on February 26, 2011 provided that, beginning immediately after he ceases to be a team member and until that date, he meets certain vesting
Beginning
in 2009, it was determined that the regular annual equity
award grants to the executive officers would primarily be
in the form of a new type of equity
award entitled «outperformance stock units» (OSUs), rather than stock
options and time - vested restricted stock units (RSUs).
However, we show
in column (e) of the Summary Compensation Table the
awards of RSRs to John G. Stumpf and Howard I. Atkins
in 2002 and 2001, respectively, and for Mr. Stumpf, whose RSR
award vested
in full
in 2007, the number of shares and value he acquired
in columns (d) and (e) of the «
Option Exercises and Stock Vested» table.
Musk owns approximately one - fifth of Tesla and
in March was
awarded a $ 2.6 billion compensation plan comprised of stock
options.
(l) Except as otherwise set forth
in Schedule 2.7 (l) of the Disclosure Schedule, (i) the Company is not and will not be obligated to pay separation, severance, termination or similar benefits as a result of any of the transactions contemplated by this Agreement, nor will any such transactions accelerate the time of payment or vesting, or increase the amount, of any benefit or other compensation due to any individual; and (ii) the transactions contemplated by this Agreement will not cause the Company to record additional compensation expense on its income statements with respect to any outstanding Stock
Option or other equity - based
award.
Subject to certain anti-dilution and other adjustments, no participant may be granted
in any calendar year (i) stock
options or stock appreciation rights covering more than 14,000,000 shares; or (ii)
awards other than stock
options or stock appreciation rights covering more than 4,000,000 shares.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of gran
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases
in stockholder value, the Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of gran
in stockholder value, the Board granted to Mr. Musk a stock
option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance
Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of grant.
These new rules are effective starting
in 2018 for us, except that certain equity
awards (such as stock
options) that we granted on or before November 2, 2017, might still be able qualify as performance - based compensation.
To the extent that
in 2018 or any later year, the aggregate amount of any covered officer's salary, bonus, and amount realized from
option exercises and vesting of restricted stock units or other equity
awards, and certain other compensation amounts that are recognized as taxable income by the officer exceeds $ 1,000,000
in any year, we will not be entitled to a U.S. federal income tax deduction for the amount over $ 1,000,000
in that year.
We
award cash compensation to our NEOs
in the form of base salaries and annual cash incentives under our Kokua Bonus Plan, and we
award equity compensation
in the form of stock
options, restricted stock units («RSUs») and PRSUs.
(8) Amounts
in this column reflect the total of the following columns: Salary, Bonus, Stock
Awards,
Option Awards, Non-Equity Incentive Plan Compensation, Change
in Retention Plan Value, Change
in Pension Value, Nonqualified Deferred Compensation Earnings and All Other Compensation.
As discussed
in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for Performance,» we have provided incentive compensation
in the form of an annual cash incentive
award based on Company, business line and individual qualitative performance results for each fiscal year, and long - term incentive compensation generally
in the form of stock
option grants and,
in certain circumstances, RSRs to reward our SEOs for contribution to growth
in long - term stockholder value.
SARs may be granted either
in tandem with, or as a component of, other
awards granted under the LTICP, or not
in conjunction with other
awards and may, but need not, relate to a specific
option.
SARs are generally subject to the same terms and limitations as
options or, when granted
in tandem with other
awards, to the same terms as those other
awards.
The Board or the HRC or the GNC may modify, suspend, or terminate the LTICP but may not, without the prior approval of our stockholders, make any change to the LTICP that increases the total amount of common stock which may be
awarded (except to reflect changes
in capitalization), increases the individual maximum
award limits (except to reflect changes
in capitalization), changes the class of team members or directors eligible to participate, extends the duration of the LTICP, reduces the exercise price of or reprices outstanding stock
options or stock appreciation rights, waives the LTICP's minimum time period requirements for vesting and lapse of restrictions for restricted stock or RSRs, or otherwise amends the LTICP
in any manner requiring stockholder approval by law or under the NYSE listing requirements.
If an
award of stock
options or stock appreciation rights expires or becomes unexercisable without having been exercised
in full or is surrendered pursuant to an exchange program or shares issued through
awards of restricted stock, restricted stock units, performance units, performance shares, or stock - settled performance
awards are forfeited to us or
All
options and restricted shares
awarded under our equity plans are also subject to a double - trigger accelerated vesting condition under the terms of our equity
award letters, which provides for an acceleration of the vesting schedule if the associate is terminated without cause or resigns for good reason (as defined by the applicable equity plan) within the one - year period following a change
in control (as defined by the applicable equity plan).
One - half of the value of the long - term incentive
award is
awarded in the form of stock
options.
If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive
award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid
in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive
award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler
in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock
options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.
as to Shares deliverable on the exercise of
Options or Stock Appreciation Rights, or
in settlement of Performance Units or Restricted Stock Units, until the delivery (as evidenced by the appropriate entry on the books of Walmart of a duly authorized transfer agent of Walmart) of such Shares, give the Recipient the right to vote, or receive dividends on, or exercise any other rights as a stockholder with respect to such Shares, notwithstanding the exercise (
in the case of
Options or Stock Appreciation Rights) of the related Plan
Award;
In addition, he was
awarded 3,240,096 premium priced stock
options and 108,003 shares of restricted stock, subject to four and five year vesting conditions.
In such event, the committee may adjust the number and type of Shares available under the 2015 Plan or subject to outstanding grants and, subject to various limits in the 2015 Stock Incentive Plan, the exercise price of outstanding stock options and other award
In such event, the committee may adjust the number and type of Shares available under the 2015 Plan or subject to outstanding grants and, subject to various limits
in the 2015 Stock Incentive Plan, the exercise price of outstanding stock options and other award
in the 2015 Stock Incentive Plan, the exercise price of outstanding stock
options and other
awards.
Notwithstanding the authority of the committee under the Plan, except
in connection with any corporate transaction involving Walmart, the terms of outstanding plan
awards may not be amended to reduce the exercise price of outstanding stock
options or stock appreciation rights or cancel outstanding stock
options or stock appreciation rights
in exchange for cash, other plan
awards or stock
options or stock appreciation rights with an exercise price that is less than the exercise price of the original stock
options or stock appreciation rights without the prior approval of Walmart stockholders.
(5) Except
in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split - up, spin - off, combination, or exchange of shares), the terms of outstanding
awards may not be amended to reduce the exercise price of outstanding
Options or stock appreciation rights or cancel outstanding
Options or stock appreciation rights
in exchange for cash, other
awards or
Options or stock appreciation rights with an exercise price that is less than the exercise price of the original
Options or stock appreciation rights without stockholder approval.
We provide information below about (1) the circumstances under which the vesting of these
options and stock
awards would accelerate upon termination of employment or the consummation of an «acquisition transaction» (as defined below) and (2) the hypothetical value each such named executive would have received, if any, upon the vesting of any of these
option or stock
awards as of that date under those circumstances, assuming each named executive's employment with the Company had terminated or the acquisition had been consummated as of December 31, 2011 and based on an NYSE closing price per share of our common stock of $ 27.56 on December 30, 2011, the last trading date
in 2011.
Stock
options and stock appreciation rights with respect to no more than 8,000,000 shares of our common stock may be granted to any one individual
in any one calendar year and the maximum «performance - based
award» payable to any one individual under the 2014 Plan is 8,000,000 shares of stock or $ 5 million
in the case of cash - based
awards.