How many voters in his corner could seriously argue their vote as anything
other than an award for career achievement over the quality of his specific performance in Darkest Hour?
Not exact matches
Of course, some industries are more apt
than others to
award holiday bonuses.
The new social - media campaign features Emmy
Award - winning talk show host Ricki Lake as well as many online social influencers from The Influential Network, including Wesley Stromberg of the band Emblem 3 and Youth Ambassador for the #ForgiveForPeace campaign that was launched for the UN International Day of Peace; Megan Nicole, a musical artist with more
than 3.2 million subscribers on YouTube; Melvin Gregg, a top - 100 Vine personality who counts
other celebrities as fans, and Sammy Wilkinson, who is a social media star and part of the Magcon Tour.
The movie, from Time Warner's (TWX) Warner Bros., won
awards in categories such as costume and production design, as well as makeup and two sound categories on its way to scoring more total Oscars
than any
other film Sunday night.
The plan administrator has discretion, however, to establish written conditions and procedures for the transfer of
awards to
other persons or entities, provided that such transfers comply with applicable federal and state securities laws and are not made for value,
other than nominal value or certain transfers to family members.
The rate at which employees forfeit their stock
awards, typically by leaving the company before fully vesting, is significantly higher at Amazon
than at
other large tech firms such as Alphabet and Apple, according to an analysis of company filings.
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.
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.
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.
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.
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.
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.
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 Compensation Plan.
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.
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.
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.
There have been no cash
awards for 2009 or 2010
other than pro rata payments to retired directors.
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.
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.
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.
Shares underlying stock options and stock appreciation rights that so become available being credited to the 2013 Plan share reserve on a one - for - one basis, and Shares subject to
other types of equity
awards (i.e., full value
awards), being credited to the 2013 Plan share reserve on a 2.15 - for - one basis; provided, however, that no more
than 54,332,000 Shares may be added to the 2013 Plan pursuant to this provision.
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.
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.
As of December 31, 2014, none of our non-employee directors held any outstanding equity
awards to purchase shares of our common stock,
other than Messrs. McKelvey and Viniar and Dr. Summers as described below.
Ms. Lesjak, while serving as interim CEO, met with the Committee and made recommendations regarding, among
other things, annual bonus
awards for the Section 16 officers,
other than herself, for fiscal 2010.
In
other words, even if performance shares are discounted, one year's equity
awards are more
than half the Company's share ownership guideline for the CEO.
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.
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.
Management provides the Committee with a recommendation concerning the size of the equity
awards for the Named Executive Officers
other than the CEO.
(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.
Matter Family Office does not, nor has it ever, solicited any third party for
awards or recognition, nor pay any type of fee to participate in the surveys
other than minor fees for plaques or article reprints after the
award has been granted.
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.
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).
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.
With respect to
Awards granted to an Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant's status as a Director or a director of the successor corporation, as applicable, is terminated
other than upon a voluntary resignation by the Participant (unless such resignation is at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and / or Stock Appreciation Rights as to all of the Shares underlying such
Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to
Awards with performance - based vesting, all performance goals or
other vesting criteria will be deemed achieved at one hundred percent (100 %) of target levels and all
other terms and conditions met.
Contracting officers may set aside contracts in these industries if the contract can be
awarded at a fair and reasonable price, the contracting officer has a reasonable expectation that two or more WOSBs or EDWOSBs will submit offers for the contract and the anticipated contract price is not greater
than $ 5 million for manufacturing contracts and $ 3 million for
other contracts.
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.
shares subject to
awards granted under our 2015 Plan that cease to be subject to the
awards for any reason
other than exercises of stock options or stock appreciation rights;
These conditions include stockholder approval of the performance goals under the 2016 Plan, setting individual annual limits on each type of
award, and for
awards other than certain stock options and stock appreciation rights, establishing performance criteria that must be met before the
award actually will vest or be paid.
Any such shares subject to
awards other than stock options and stock appreciation rights will become available taking into account the 2:1 premium share counting rule, discussed above, for these types of
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, or (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.
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
A Non-Employee Director who is newly appointed to the Board
other than in connection with an annual meeting of shareholders will generally also receive a grant of RSUs upon appointment (an «Initial RSU
Award»), except that a Non-Employee Director who joins the Board after February 1 of a particular year and prior to the annual meeting for that year will not receive an Initial RSU
Award.
Effective January 1, 2011, upon the recommendation of the GNC, the Board increased to $ 25,000 the annual fee paid to the chair of each standing Board committee
other than the AEC, which remained at $ 30,000; set at $ 25,000 the annual fee paid to the chairs of the CRC and Risk Committee, which were formed effective January 1, 2011; eliminated the annual stock option grant; and increased the value of the annual stock
award to $ 140,000.
«The vesting of each executive's
awards will accelerate upon termination of his employment for any reason (including a resignation for good reason)
other than cause, death or disability (as such terms are defined in such executive's employment agreement) if such termination takes place upon or within two years following a change in control (as defined in such executive's employment agreement) that occurs during the term of his employment agreement and such executive signs a general waiver and release that has become effective.»
Award wages, in contrast, have for a number of years been growing more slowly
than wages in
other bargaining streams, at annual rates of around 1 1/2 per cent.
For Named Executive Officers
other than Mr. Benioff, stock
awards consist only of restricted stock unit
awards.