In our testing
of award options between NYC - LAX, Elevate redemptions fell between 2.05 and 2.33 cents per point.
Note: If you are a Pualani Platinum, Pualani Gold, or Premier Club Member, or you have the Hawaiian Airlines MasterCard, log in for access to a larger number
of award options.
This summary
of award options is provided on the Flying Blue website.
Not exact matches
When it came time to reward top executives last year, more leading companies handed out performance - based
awards instead
of time - vesting stock
options, according to a new study from human resources consulting firm Mercer.
Looking at the number
of options awarded by S&P 500 companies for the roughly two decades between 1992 and 2010, they found about 20 %
of the time boards simply kept the number
of options they granted to their top executive the same from one year to the next.
Employee stock -
option programs are typically authorized by a company's board
of directors (and have historically been approved by the shareholders) and give the company discretion to
award options to employees equal to a certain percentage
of the company's shares outstanding.
Other business degrees such as finance or accounting are a more affordable
option, and nearly two - thirds
of these degrees are
awarded to women.
It uses stock
awards in the form
of stock
options and RSUs as a retention tool for general managers and executive kitchen managers.
He was accused
of intentionally changing the grant dates for hundreds
of stock
option awards without disclosing the move to investors.
To calculate pay, Equilar added salary, bonus, perks, stock
awards, stock
option awards, and other types
of compensation.
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.
Upon learning
of a successful local businessman who was
awarded a state loan, the Hoods investigated their
options.
Percentage
of companies surveyed that had failed to — document the fair value
of recent stock
options awarded to investors or employees 53 %
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 weighted - average exercise price is calculated based solely on the exercise prices
of the outstanding stock
options and does not reflect the shares that will be issued upon the vesting
of outstanding
awards of RSUs, which have no exercise price.
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).
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.
Except as described below,
awards under the 2014 Plan generally are not transferable by the recipient other than by will or the laws
of descent and distribution, and stock
options and stock appreciation rights are generally exercisable, during the recipient's lifetime, only by the recipient.
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
awards.
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 principles.
«
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 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.
The performance goals upon which the payment or vesting
of any Incentive
Award (other than
Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more
of the following Performance Measures: market price
of Capital Stock, earnings per share
of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
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
Consists
of options to purchase shares
of our common stock and restricted stock unit
awards representing the right to acquire shares
of our common stock.
However, Shares used to pay the exercise price or purchase price
of an
option or stock appreciation right or to satisfy tax withholding obligations relating to such
awards do not become available for future issuance under the 2013 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.
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.
These incentives are provided through the granting
of stock
options, stock appreciation rights, restricted stock
awards, restricted stock units, performance bonus
awards, performance shares and performance units.
No stock appreciation rights, restricted stock
awards or
awards other than the stock
options and RSRs were outstanding under the LTICP as
of March 1, 2008.
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).
Each share issued under
awards other than
options or stock appreciation rights counts against the number
of shares available under the LTICP as 3.5 shares.
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.
Also, if a majority
of the Board is comprised
of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i)
options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such
awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end
of the last calendar quarter before the time the participant ceased to be an employee.
Musk owns approximately one - fifth
of Tesla and in March was
awarded a $ 2.6 billion compensation plan comprised
of stock
options.
As
of March 31, 2018, equity
awards outstanding under Salesforce equity plans were approximately: 24,905,926 stock
options, no unvested restricted shares, 23,871,234 restricted stock units and 806,427 performance - based restricted stock units.
(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.
Tax withholding obligations could be satisfied by withholding shares to be received upon exercise
of an
option or stock appreciation right, the vesting
of restricted stock, performance share, or stock
award, or the payment
of a restricted share right or performance unit or by delivery to the Company
of previously owned shares
of common stock.
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.
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.
(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.
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.
Shares used to pay the purchase price or satisfy tax withholding obligations
of awards other than stock
options or stock appreciation rights become available for future issuance under the 2013 Plan.
As
of June 30, 2015, there was $ 178.6 million
of total unrecognized compensation cost related to outstanding stock
options and restricted stock
awards that is expected to be recognized over a weighted average period
of 3.51 years.