School administrators can apply by Oct..28 for initial planning grants to help fund the application process, although schools are not required to apply
for the planning grants in order to submit an implementation grant application.
The district submitted only two applications
for planning grants, and both got the money.
The deadline to apply
for a planning grant is Oct. 28.
Madison's school board members, who approved Madison Prep's application
for the planning grant in March, will take a final vote to approve or deny the charter school proposal later this fall.
They will certainly get Board approval
for the planning grant application, but some issues do remain.
Not exact matches
St Modwen and Kuwait - based Salhia Real Estate Company have been
granted planning permission
for the joint venture's proposed development of land adjacent to The Meads Shopping Centre in Farnborough.
But then, if the entrepreneurs execute well and have a polished
plan, they many apply
for a larger
grant — perhaps $ 10,000.
The number of shares Coke will
grant as a percentage of total outstanding stock will be no more than 0.8 percent in 2015 and an average of 0.4 percent
for the remainder of the 10 - year
plan.
Corey Rosen, executive director at the National Center
for Employee Ownership, in Oakland, Calif., suggests reminding employees that a stock - option
grant rarely replaces more traditional benefits such as a pension
plan and therefore should be viewed as a bonus — one that in some cases may never be worth a dime.
The
plan won't kick in until April 2014 and is contingent on negotiations with the provinces, who are expected to foot the bill
for a third of each $ 15,000 training
grant, with Ottawa and the employer also chipping in $ 5,000 each.
In addition, the Department revoked PTE 75 - 1, Part II (2), which had
granted relief
for certain mutual fund purchases between fiduciaries and
plans, and amended PTE 86 - 128 to provide similar relief, subject to the additional conditions of PTE 86 - 128, including the Impartial Conduct Standards.
Our equity incentive
plan will allow
for the
grant of other forms of equity incentives in addition to stock options, such as
grants of restricted stock, restricted stock units and stock appreciation rights.
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
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.
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 with a
Students who
plan to become teachers in a high - need field in a low - income area may qualify
for a TEACH
grant.
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.
From January 1, 2008 through December 31, 2010, the Registrant
granted to its employees, consultants and other service providers options to purchase an aggregate of 12,566,833 shares of common stock under the Registrant's Amended and Restated 2003 Stock Incentive
Plan, or the 2003
Plan, at exercise prices ranging from $ 1.50 to $ 14.46 per share, which includes options to purchase shares of common stock that were repriced on a one -
for - one basis to $ 2.32 per share in February 2009.
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»).
From January 1, 2008 through December 31, 2010, the Registrant
granted to certain executive officers, directors and other investors options and rights to purchase an aggregate of 8,196,662 shares of common stock under the 2003
Plan at exercise prices ranging from $ 2.00 to $ 6.20 per share, which includes options to purchase shares of common stock that were repriced on a one -
for - one basis to $ 2.32 per share in February 2009.
The Committee also approved the following compensation elements
for 2016: base salary, annual incentive target, Performance Share Unit (PSU) and Restricted Stock Unit (RSU)
grants under the Long - Term Performance
Plan.
Our 2015
Plan will provide
for the
grant of incentive stock options, within the meaning of Section 422 of the Code, to our employees and any parent and subsidiary corporations» employees, and
for the
grant of nonstatutory stock options, restricted stock, restricted stock units (RSUs), stock appreciation rights, performance units, and performance shares to our employees, directors, and consultants and our parent and subsidiary corporations» employees and consultants.
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
grant.
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.
Subject to the provisions of our 2015
Plan, the administrator will determine the other terms of stock appreciation rights, including when such rights become exercisable and whether to pay any amount of appreciation in cash, shares of our Class A common stock, or a combination thereof, except that the per share exercise price
for the shares to be issued pursuant to the exercise of a stock appreciation right must be no less than 100 % of the fair market value per share on the date of
grant.
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.
2,816,100 shares of our Class A common stock issuable upon the exercise of options to purchase shares of our Class A common stock
granted after September 30, 2015 under our 2015 Equity Incentive
Plan, with an exercise price per share equal to the public offering price set forth on the cover page of the final prospectus
for this offering;
Long - term compensation, generally in the form of stock option
grants under our Long - Term Incentive Compensation
Plan (LTICP), to reward named executives
for contributions to growth in stockholder value over the long term;
The name of the contract — Emergency Master Service Agreement
for PREPA's electrical grid repairs — indicates that it
plans to use FEMA's emergency
grants.
With respect to Stock Appreciation Rights, only Shares actually issued (i.e., the net Shares issued) pursuant to a Stock Appreciation Right will cease to be available under the
Plan; all remaining Shares under Stock Appreciation Rights will remain available
for future
grant or sale under the
Plan (unless the
Plan has terminated).
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).
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;
The table above does not include (i) 5,952,917 shares of Class A common stock reserved
for issuance under our 2015 Incentive Award
Plan (as described in «Executive Compensation — New Employment Agreements and Incentive
Plans»), consisting of (x) 2,689,486 shares of Class A common stock issuable upon exercise of options to purchase shares of Class A common stock
granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation — New Equity Awards,» and (y) 3,263,431 additional shares of Class A common stock reserved
for future issuance and (ii) 24,269,792 shares of Class A common stock issuable to the Continuing SSE Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available
for future
grant or sale under the
Plan.
The
plan administrator determines the purchase price or strike price
for a stock appreciation right, which generally can not be less than 100 % of the fair market value of our Class A common stock on the date of
grant.
Scottish energy minister Fergus Ewing announced a moratorium on
granting planning consents
for fracking developments to allow a full public consultation on the issue.»
5,897,398 shares of Class B common stock reserved
for future issuance under our 2007
Plan as of March 31, 2015 (which reserve does not reflect the options to purchase shares of Class B common stock
granted after March 31, 2015); and
If an award under the
Plan is forfeited, expires or is settled
for cash, any shares subject to such award may, to the extent of such forfeiture, expiration or cash settlement, be used again
for new
grants under the
Plan.
Our 2012
Plan allows
for the
grant of incentive stock options to employees, including employees of any parent or subsidiary, and
for the
grant of nonstatutory stock options, stock appreciation rights, restricted stock awards, and restricted stock units to our employees, directors, and consultants, including employees and consultants of our affiliates.
Stock options
granted under our stock option
plan provide certain employee option holders the right to elect to exercise unvested options in exchange
for shares of restricted common stock.
The number of shares of our Class A common stock outstanding after this offering as shown in the tables above is based on the number of shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes 5,952,917 shares of Class A common stock reserved
for issuance under our 2015 Incentive Award
Plan (as described in «Executive Compensation — New Employment Agreements and Incentive
Plans»), consisting of (i) 2,689,486 shares of Class A common stock issuable upon the exercise of options to purchase shares of Class A common stock
granted on the date of this prospectus to our directors and certain employees, including the named executive officers, in connection with this offering as described in «Executive Compensation --
In the event of a change in control, awards
granted under the 2017
Plan will not receive automatic acceleration of vesting and exercisability, although this treatment may be provided
for in an award agreement.
The primary goal of the 2016
Plan is to allow us to fulfill Mr. Dorsey's objectives of making his 6,814,085 contributed shares available
for grants to our employees.
For additional information about the 2015 Incentive Award
Plan and the intended grants to be made under this plan in connection with this offering, please see the section titled» — New Employment Agreements and Incentive Plans» be
Plan and the intended
grants to be made under this
plan in connection with this offering, please see the section titled» — New Employment Agreements and Incentive Plans» be
plan in connection with this offering, please see the section titled» — New Employment Agreements and Incentive
Plans» below.
If you
plan on sharing your Facebook marketing duties with a team, you'll want to
grant access
for various folks and various roles.