Long -
term stock awards are given in the form of time based RSUs and performance based RSUs.
Not exact matches
Coke will give performance - related shares (
stock given to an executive for meeting certain goals) more weight in the long
term awards, moving the ratio to two - thirds shares, one - third
stock options, by 2016, compared to 60 % in options and 40 % in performance - shares now.
Earlier this year, researchers published an academic study examining the long -
term stock performance of companies that had won the Corporate Health Achievement
Award, an annual prize that the American College of Occupational and Environmental Medicine has bestowed since 1996.
Except as expressly provided in the Plan, no issuance by Google of shares of
stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares or amount of other property subject to, or the
terms related to, any Incentive
Award.
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.
Except as expressly provided in the Plan, no issuance by Alphabet of shares of
stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares or amount of other property subject to, or the
terms related to, any Incentive
Award.
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.
Subject to the
terms and conditions set forth in the Plan, incentive
awards may be settled in cash or shares of Class C capital
stock and may be subject to performance - based and / or service - based conditions.
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.
Stock appreciation rights are generally subject to the same
terms and limitations as options or, when granted in tandem with other
awards, to the same
terms as those other
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.
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.
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for Performance,» we have provided incentive compensation in the form of an annual cash incentive
award based on Company, business line and individual qualitative performance results for each fiscal year, and long -
term incentive compensation generally in the form of
stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long -
term stockholder value.
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:
Mr. Apotheker was granted a long -
term incentive
award consisting of 76,000 shares of time - based restricted
stock vesting in equal amounts annually over a two - year period, 304,000 PRUs for the two - year performance period extending from
As described above, a portion of an executive's target long -
term incentive amount is delivered in the form of PRUs, and the remaining value is
awarded in grants of time - based restricted
stock units.
On December 31, 2009, the Company had 5.18 billion outstanding shares of common
stock, and approximately 734 million shares reserved for issuance for outstanding convertible preferred
stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long -
term incentive compensation
awards, and in connection with employee benefit plans.
One - half of the value of the long -
term incentive
award is
awarded in the form of
stock options.
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.
(6) Regardless of the
terms of any agreement evidencing an Incentive
Award, the Committee shall have the right to substitute
stock appreciation rights for outstanding Options granted to any Participant, provided the substituted stock appreciation rights call for settlement by the issuance of shares of Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights for outstanding Options granted to any Participant, provided the substituted
stock appreciation rights call for settlement by the issuance of shares of Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights call for settlement by the issuance of shares of Common
Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
Stock, and the
terms of the substituted
stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights and economic benefit of such substituted
stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights are at least equivalent to the
terms and economic benefit of the Options being replaced.
Except as expressly provided in the Plan, no issuance by J. Crew Group, Inc. of shares of
stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares or amount of other property subject to, or the
terms related to, any Incentive
Award.
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.
(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.
Each
Stock Appreciation Right grant will be evidenced by an
Award Agreement 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.
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.
The expected
term of options represents the period that our
stock - based
awards are expected to be outstanding.
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.
Subject to the provisions of our 2010 Plan, the administrator determines the
terms of
stock appreciation rights, including when such rights vest and become exercisable and whether to settle such
awards in cash or with shares of our 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 will be no less than 100 % of the fair market value per share on the date of grant.
For additional details, see the discussion of PARSU
awards under «Compensation Discussion and Analysis — Determination of Fiscal 2014 Executive Compensation — Fiscal 2014 Long -
Term Incentive Compensation — 2014 Performance - Adjusted Restricted
Stock Units.»
The dollar values of the long -
term compensation targets were then converted to shares of Company common
stock using the
stock price on the date of grant for the Performance Share
awards.
the number of shares of our common
stock subject to any restricted
stock or other
stock - based
awards and the
terms and conditions of such
awards, including conditions for repurchase, issue price and repurchase price.
Also, in Q2 / 18 the company may receive a favorable ruling from an arbitration tribunal that could
award substantial damages, which could be a major near -
term catalyst for the
stock, significantly adding to the company's balance sheet and initiating a re-rate in the marketplace.
Long -
term incentives are
awarded stock options and performance - based shares.
The following table provides information on
awards granted under the PfR Plan for fiscal 2011 and
awards of
stock options, performance - contingent
stock options («PCSOs»), restricted
stock awards, PRUs, RSUs, SIPRUs and SRRSUs granted as part of fiscal 2011 long -
term incentive compensation:
(gg) «
Stock Appreciation Right» or «SAR» means a right granted under Section 8 which entitles the recipient to receive an amount equal to the excess of the Fair Market Value of a Share on the date of exercise of the
Stock Appreciation Right over the exercise price thereof on such
terms and conditions as are specified in the agreement or other documents evidencing the
Award (the «SAR Agreement»).
Furthermore, prison management companies are
awarded long -
term contracts spanning years and even decades, making them very similar to utility
stocks in that the service is sold on subscription for years and years of guaranteed revenues.
document issued by the company setting forth the number of shares, grant / exercise price, vesting schedule, and other
terms of the
stock awards
Key input assumptions used to estimate the fair value of
stock options include the exercise price of the
award, the expected option
term, the expected volatility of the Company's
stock over the option's expected
term, the risk - free interest rate over the option's expected
term, and the Company's expected annual dividend yield.