Workers» compensation laws provide monetary compensation to pay for medical expenses and to replace lost income as a result of injury or illness that arise out of employment as well as
other compensation awards and benefits.
The following table provides summary information concerning cash, equity and
other compensation awarded to, earned by, or paid to the following named executive officers:
Not exact matches
One thing that hasn't changed is the payment mix, which still skews heavily toward «
other» — non-salary payments such as cash bonuses, share and options
awards, pension contributions and
other compensation.
The majority of companies have instituted limits just for stock - based
awards, while
others have targeted overall
compensation, including cash.
To calculate pay, Equilar added salary, bonus, perks, stock
awards, stock option
awards, and
other types of
compensation.
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
Compensation Committee's authority to grant equity
awards may not be delegated to Apple's management or
others.
In the future, our
Compensation Committee and board of directors may consider
awarding such additional or alternative forms of
awards to our executive officers, although no decision to use such
other forms of
award has yet been made.
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
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.
Other than periodic incentive plans that were historically provided to Mr. McNeill based on the achievement of specific customer - related metrics, including as set forth under the «Non-Equity Incentive Plan
Compensation» column in «Executive
Compensation — Summary
Compensation Table» below, we do not currently have or have planned any specific arrangements with our named executive officers providing for cash - based bonus
awards.
An incentive
compensation award paid in stock, restricted share rights, or restricted stock pursuant to this Policy shall be governed by the provisions (other than provisions with respect to the computation of such award) of the Company's Long - Term Incentive Compen
compensation award paid in stock, restricted share rights, or restricted stock pursuant to this Policy shall be governed by the provisions (
other than provisions with respect to the computation of such
award) of the Company's Long - Term Incentive
CompensationCompensation Plan.
(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.
Additional information about the LTICP and
other plans pursuant to which
awards in the form of shares of the Company's common stock may be made to directors and employees in exchange for goods or services is provided under «Equity
Compensation Plan Information.»
Meeting more than 12 of the 16 operational milestones will not result in any additional vesting or
other compensation to Mr. Musk under the 2018 CEO Performance
Award.
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.
(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.
Under the Bonus Plan, our
compensation committee, in its sole discretion, determines the performance goals applicable to
awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or
other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such as MBOs, peer reviews, or
other subjective or objective criteria.
Additional information about the LTICP and
other plans pursuant to which
awards in the form of shares of our common stock may be made to directors and employees in exchange for goods or services is provided under «Equity
Compensation Plan Information.»
The Company may, to the extent permitted by applicable law, deduct from and set off against any amounts the Company may owe to the Participant from time to time (including amounts payable in connection with any Incentive
Award, owed as wages, fringe benefits, or
other compensation owed to the Participant), such amounts as may be owed by the Participant to the Company, although the Participant shall remain liable for any part of the Participant's payment obligation not satisfied through such deduction and setoff.
In determining the
compensation of our named executive officers
other than our Chief Executive Officer, the
compensation committee receives input from our Chief Executive Officer and Executive Vice President of Human Resources with respect to appropriate base salary levels and short - term and long - term incentive
awards for such officers.
It is the intent of the Company that Options and stock appreciation rights granted to Covered Employees and
other Incentive
Awards designated as Incentive
Awards to Covered Employees subject to Section 8 shall constitute qualified «performance - based
compensation» within the meaning of Code Section 162 (m) and regulations thereunder, unless otherwise determined by the Committee at the time of allocation of an Incentive
Award.
on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock
other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based
compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and
other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO
award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
As a result of changes to the tax laws, we expect that equity
awards granted or
other compensation provided under arrangements entered into or materially modified on or after November 2, 2017 generally will not be deductible to the extent they result in
compensation to certain of our named executive officers for or after 2017 that exceeds $ 1 million in any one year for any such officer.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock
other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based
compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and
other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO
award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
Harmonizing salary, equity
awards, and
other compensation benefits for executive officers hired under significantly different circumstances.
The following table provides information regarding all
compensation awarded to, earned by or paid to our President and Chief Executive Officer and our two most highly compensated executive officers (
other than our President and Chief Executive Officer) for 2014.
In determining the long - term incentive component of CEO
compensation, the Committee shall consider, among
other factors, the Company's performance and relative shareholder return, the value of similar incentive
awards to chief executive officers at comparable companies, the
awards given to the CEO in past years, and
other factors considered relevant by the Committee.
Tillerson was paid $ 27.3 million in salary, bonus, stock
awards and
other compensation in 2015; his 2.6 million shares of Exxon common stock had a value of about $ 228 million as of early December.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense,
other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity
award compensation expense (excluding integration and restructuring expenses).
In determining the size of equity grants to our executives, our
compensation committee has historically considered our corporate performance, the applicable executive's performance and potential for enhancing the creation of value for our stockholders, the amount of equity previously
awarded to the executive and the vesting of such
awards, the executive's position and, in the case of
awards to executive officers
other than our chief
The Company subsequently supplemented this policy with an overlapping clawback policy that requires all executive officers, as well as the next 20 most highly compensated employees, to forfeit previously
awarded compensation if the payments were based on materially inaccurate financial statements or any
other criteria that are later proven to be materially inaccurate.
The
Compensation Committee's authority to grant equity
awards may not be delegated to the Company's management or
others.
We reserve the right to use your comments, image, details about you and your company (including logo and details), the contents of your entry form and any
other materials supplied by you, in connection with your entry to the
Awards or the promotion of the
Awards (together, the Materials) in any media in perpetuity without
compensation.
The
Compensation Committee also oversees our equity and incentive - based plans and administers the issuance of stock options, restricted stock units and
other awards under these plans.
I also was getting a lot of
other awards, to some extent in
compensation for not getting the Nobel.
Teacher and principal evaluation systems were just one component of those plans, and nearly 90 percent of a plan's score in the grant competition was
awarded for elements
other than evaluation and
compensation systems.
Other income - including
compensation and insurance payments, discounted shares under employee share schemes, some prizes and
awards
Liability insurance is the minimum amount of insurance required, because it's designed to
award compensation for injuries sustained by the insured driver as well as
other motorists» vehicle damage.
'' «In addition to actual or compensatory damages, the law permits the jury, under certain circumstances, to make an
award of punitive damages, in order to punish the wrongdoer for his misconduct, to serve as an example or warning to
others not to engage in such conduct and to provide additional
compensation for the conduct to which the injured parties have been subjected.
The remedial powers of the Human Rights Commission and the Tribunal, which adjudicates only human rights matters, will become more generous: A Tribunal that concludes that discrimination has occurred will be able to
award monetary
compensation in excess of the formerly criticized $ 10,000 cap; restitution
other than
compensation, such as reinstatement; and, not least, any
other direction that, in the opinion of the Tribunal, will promote human rights compliance.
Being struck by an 18 - wheeler, semi-truck, tractor - trailer, or
other type of commercial vehicle does not automatically entitle you to a financial
compensation award.
Your
compensation may include damages for your past medical bills, future medical expenses, funeral and burial expenses, and
other awards related to your injuries.
These reflect only the «pain and suffering» amount that a Court may
award, not wage loss and
other losses you could claim (see our
compensation calculator page for an explanatory note of the types of damages in Scotland).
Other compensation may be
awarded, depending on the specific circumstances of your case.
Compensation for injuries sustained in a trucking accident can be
awarded for such damages as current and future medical bills, totaled car, lost wages, loss of earning capacity, pain and suffering, wrongful death and
other damages.
When you are under a workers
compensation award, part of your medical benefit includes milage reimbursement for your trips to and from the doctor and
other medical providers.
«Where it appears to the court... that the employee has made an invention belonging to the employer for which a patent has been granted, that the patent is (having regard among
other things to the size and nature of the employer's undertaking) of outstanding benefit to the employer and that by reason of those facts it is just that the employee should be
awarded compensation to the paid the employer, the court... may
award him such
compensation of an amount determined under s 41 below.»
I personally believe that the
compensation awarded for her public embarrassment was appropriate, i understand why
other people may think otherwise.
If you or a loved one has developed a case of ONJ or some
other serious side effects of Fosamax as a result of using Merck's bisphosphonate drug, you may be able to reach a settlement or receive
compensation in the form of a court
award.