This includes $ 4 million in severance pay, the accelerated vesting of 5.1 million
unvested stock units (worth about $ 15 million) plus options to buy more, as well as a cash payments of either $ 1 million or the cash bonus he would have been entitled to in 2015, whichever is less.
Not exact matches
Exxon created a payout plan in January 2017 for Tillerson, who had led Exxon since 2006 before serving in the Trump administration, to compensate him for more than 2 million
unvested shares and
stock units while removing any conflicts of interest.
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.
The company considers any
stock held without restrictions,
unvested restricted
stock units and PRSUs, vested but unexercised in - the - money
stock options, deferred compensation that will settle in common
stock and common
stock held under the company's 401 (k) plan in determining whether the
stock ownership guidelines have been met.
Upon an involuntary termination of Mr. Suh's employment within 12 months after a change in control of LegalZoom, he would have received a cash severance payment equal to one year of base salary and his then - outstanding
unvested stock options, restricted
stock,
stock appreciation rights and
stock units would become fully vested immediately before his termination of employment.