As part of the NGLC Regional Funds for Breakthrough Schools initiative, New Schools for New Orleans
awarded planning grant funding to support the design of personalized learning models in five New Orleans schools.
The state education department is
awarding planning grants to a total of six to 12 school districts to allow them to try new ways of organizing teachers» use of time and for professional development.
We awarded planning grants in the fall so new principals and lead teachers could develop and adapt curriculum to better meet the needs of the students.
The NGLC Regional Fund in Oakland Redwood Heights is just one of ten schools in Oakland, California
awarded planning grants this past spring to support the design of personalized learning models.
DOT's TIGER II grants marked the first time that DOT and HUD joined together to
award planning grants that will ultimately lead to projects integrating transportation, housing, and urban development.
Hoping to expand the discussion nationally, in 2011 the Foundation
awarded planning grants to five arts organizations across the country through an RFP process.
Not exact matches
While stock
awards are
granted to only the highest performing salespeople, other Nordstrom workers can take part in the company's employee stock purchase
plan.
Dividend equivalent rights may not be
granted on stock appreciation rights
awarded under the 2014
Plan.
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.
The
plan administrator may
award stock
grants with time - based vesting or vesting upon satisfaction of performance goals and / or other conditions.
Awards granted under the 2007 Equity Incentive
Plan may consist of incentive stock options, non-qualified stock options, stock appreciation rights (SAR), restricted stock
grants, and restricted stock units (RSU).
Shares that are exchanged by a participant or withheld by Apple to pay the exercise price of an option or stock appreciation right
granted under the 2014
Plan, as well as any shares exchanged or withheld to satisfy the tax withholding obligations related to any option or stock appreciation right, will not be available for subsequent
awards under the 2014
Plan.
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).
The 2014
Plan permits the granting by the plan administrator of stock options, stock appreciation rights, stock grants and RSUs, as well as cash bonus awa
Plan permits the
granting by the
plan administrator of stock options, stock appreciation rights, stock grants and RSUs, as well as cash bonus awa
plan administrator of stock options, stock appreciation rights, stock
grants and RSUs, as well as cash bonus
awards.
«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 gran
Plan and the Director
Plan count against the shares available for grant under the applicable plan as two shares for every share gran
Plan count against the shares available for
grant under the applicable
plan as two shares for every share gran
plan as two shares for every share
granted.
We generally do not enter into severance arrangements with our named executive officers, and none of the equity
awards granted to the named executive officers under Apple's equity incentive
plans provide for acceleration in connection with a change in control or a termination of employment, other than as noted below or in connection with death or disability.
Any such shares subject to
awards other than stock options and stock appreciation rights
granted under either such
Plan will become available taking into account the 2:1 premium share counting rule applicable at the time of
granting these types of
awards.
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
The Committee approves, by direct action or through delegation, participation in and all
awards,
grants and related actions under IBM's various equity
plans, reviews changes in IBM's pension
plans primarily affecting corporate officers, and manages the operation and administration of the IBM Supplemental Executive Retention
Plan.
Any Shares subject to
Awards granted under the
Plan other than Options or Stock Appreciation Rights shall be counted against the numerical limits of this Section 3 as two and fifteen - one hundredths (2.15) Shares for every one (1) Share subject thereto and shall be counted as two and fifteen - one hundredths (2.15) Shares for every one (1) Share returned to or deemed not issued from the
Plan pursuant to this Section 3.
Information regarding stock option
grants made in February and June 2007 appears in columns (b) and (j) of the Grants of Plan - Based Awards
grants made in February and June 2007 appears in columns (b) and (j) of the
Grants of Plan - Based Awards
Grants of
Plan - Based
Awards table.
No additional
awards may be
granted under the
plans pursuant to which such
awards were initially
granted.
Accordingly, our approximately 25,050,954 outstanding
awards (not including
awards under our employee stock purchase
plan) plus 25,865,562 Shares available for future
grant under our equity
plans (not including under our employee stock purchase
plan) as of March 31, 2018 represented approximately 10.5 % of our Common Stock outstanding (commonly referred to as the «overhang»).
As described under «Item 4 — Approve the Amended and Restated Long - Term Incentive Compensation
Plan» on page 88 of this proxy statement, the Board is proposing to amend the LTICP to permit
grants of equity
awards to non-employee directors.
Subject to Section 6 and the other terms and conditions of the
Plan, each Stock Appreciation Right
grant will be evidenced by an
Award Agreement (which may be in electronic form) that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
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 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.
See «Executive Compensation —
Grants of
Plan - Based
Awards in 2017» below.
(d) «
Award» means, individually or collectively, a
grant under the
Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Bonus
Awards, Performance Units or Performance Shares.
forfeited to or repurchased due to failure to vest, the unpurchased shares (or for
awards other than stock options or stock appreciation rights, the forfeited or repurchased shares) will become available for future
grant or sale under the 2015
Plan.
Our Bonus
Plan allows our compensation committee to provide incentive
awards (payable in cash or
grants of equity
awards) to selected employees, including our named executive officers, based upon performance goals established by our compensation committee.
The following table provides information on
awards granted under the PfR
Plan for fiscal 2010 and
awards of PRUs and
awards of restricted stock units («RSUs»)
granted as part of fiscal 2010 long - term incentive compensation:
repurchased by us due to failure to vest, the unissued shares (or for
awards other than stock options or stock appreciation rights, the forfeited or repurchased shares) will become available for future
grant or sale under the 2015
Plan.
Stockholders should review the information in the Summary Compensation Table and the
Grants of
Plan - Based
Awards table, as well as the additional tables that follow, in conjunction with our CD&A.
Awards granted under the
Plan may be Nonstatutory Stock Options (NSOs), Incentive Stock Options (ISOs), Stock Appreciation Rights (SARs), Restricted Stock, or Restricted Stock Units (RSUs), as determined by the Administrator at the time of
grant.
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.
Awards under the Bonus
Plan may be
granted only to executive officers of the Company who are selected to participate in the Bonus
Plan by the compensation committee of the Company's Board of Directors (the «Committee»).
The 2008
Plan permits the
granting of incentive stock options, nonqualified stock options, shares of restricted stock, restricted stock units, stock appreciation rights, phantom stock, performance shares, deferred share units and share - denominated performance units, and other stock - based
awards.
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
awards.
The 2004
Plan permits the
grant of the following types of
Awards: (1) nonstatutory stock options, incentive stock options and stock appreciation rights granted at the fair market value of our common stock on the date of grant (Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards: (1) nonstatutory stock options, incentive stock options and stock appreciation rights
granted at the fair market value of our common stock on the date of
grant (Fair Market Value
Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards), and (2) restricted stock
awards and restricted stock units (Full Value Aw
awards and restricted stock units (Full Value
AwardsAwards).
Awards of stock appreciation rights may be
granted pursuant to the 2004
Plan.
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.
Potential borrowers will want to have the following information handy: a completed FAFSA application form, an
award letter from the school the student
plans to attend, and information on other funding (i.e., scholarships,
grants, federal funding, etc.).
shares by which the share reserve may increase automatically each year, (3) the class and maximum number of shares that may be issued on the exercise of incentive stock options, (4) the class and maximum number of shares subject to stock
awards that can be
granted in a calendar year (as established under the 2017
Plan under Section 162 (m) of the Code), and (5) the class and number of shares and exercise price, strike price, or purchase price, if applicable, of all outstanding stock
awards.
If an
Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, is forfeited to or repurchased by the Company due to failure to vest, the unpurchased Shares (or for
Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares), which were subject thereto will become available for future
grant or sale under the
Plan (unless the
Plan has terminated).
However, any outstanding stock options and RSUs
granted under the 2007
Plan will remain outstanding, subject to the terms of our 2007
Plan and applicable
award agreements, until such shares are issued under those
awards (by exercise of stock options or settlement of RSUs) or until the
awards terminate or expire by their terms.
in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs
granted under a stock incentive
plan or other equity
award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;
We intend to adopt a 2015 Incentive
Award Plan in order to facilitate the
grant of cash and equity incentives to directors, employees (including our named executive officers) and consultants of our Company and certain of its affiliates and to enable our Company and certain of its affiliates to obtain and retain services of these individuals, which is essential to our long - term success.