Our «projected cost» is an estimate of the grant - date fair
value of awards for the coming year based on the company's historical granting patterns.
The members of the Nominating Committee must have in mind
the value of the award for the artistic development of the winner's career.
Not exact matches
We recently established peer - nominated
awards that are given out quarterly
for each
of our
values.
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 number
of RSUs subject to each Initial RSU
Award is determined in the same manner as described above for Annual Director Awards, but the grant date value of the award is pro-rated based on the portion of the year that has passed since the last annual mee
Award is determined in the same manner as described above
for Annual Director
Awards, but the grant date
value of the
award is pro-rated based on the portion of the year that has passed since the last annual mee
award is pro-rated based on the portion
of the year that has passed since the last annual meeting.
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
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.
For each proxy statement position, this compensation data was ranked from highest to lowest by the combined total amount
of annual cash plus the annualized
value of long - term incentive
awards.
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.
After reviewing the revised peer group director compensation data in June 2009, the committee 1) set pay
for the new non-executive Chairman
of the Board, 2) increased the
value of the annual equity
award from $ 145,000 to $ 175,000, since the previous level
of compensation was deemed below the market median, and 3) changed the equity grant vehicle from 100 % restricted stock units (RSUs) to 50 % RSUs and 50 % outperformance stock units (OSUs) in order to more closely align with the equity package that Intel executives receive.
For 2016, the independent members
of the Board made no change to Mrs. Rometty's base salary, target annual incentive or annual long - term incentive
award value, relative to 2015.
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.
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.
This same mix
of performance - based and time - based
awards has been granted by the Committee
for the past several years and reflects HP's primary emphasis on performance driven compensation, with the time - based
awards providing a measure
of retention
value, which is also an important component
of the overall executive compensation arrangement.
The Company recognizes compensation expense equal to the grant date fair
value of the common stock on a straight - line basis over the period during which the employee is required to perform service in exchange
for the
award.
corporate goals and objectives
for CEO compensation including,
for long - term compensation, the Company's performance and relative stockholder return, the
value of similar
awards to CEOs at comparable companies and past CEO
awards; and
(2) Reflects 2015 Merger - related adjustments including the change to align Kraft to Kraft Heinz's accounting policy
for postemployment benefit plans; incremental amortization resulting from the fair
value adjustment
of Kraft's definite - lived intangible assets; incremental compensation expense due to the fair
value remeasurement
of certain
of Kraft's equity
awards; and, certain deal costs related to the 2015 Merger.
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.
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.
upon the exercise
of an Option or Stock Appreciation Right or upon the payout
of a Restricted Stock Unit, Performance Unit or Performance Share,
for each Share subject to such
Award, to be solely common stock
of the successor corporation or its Parent equal in fair market
value to the per share consideration received by holders
of Common Stock in the Change in Control.
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.
The 2005 Stock Plan provides
for the grant
of non-qualified stock options, stock appreciation rights, limited stock appreciation rights, restricted stock,
awards of shares, RSUs and other
awards that are
valued in whole or in part by reference to our stock.
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.
For each position, this compensation data was ranked within the Labor Market Peer Group by the aggregate amount
of annual salary, annual target and actual incentive
awards, plus the annualized grant date
value of long - term cash and equity compensation.
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 HRC also considered each
of the named executive's base salary and annual incentive compensation target in connection with the
value of the Performance Share
awards to set total fixed and target variable compensation
for the named executives between the estimated median and 75th percentile
of the Labor Market Peer Group.
For PARSUs awarded in fiscal 2014, amounts shown reflect the grant date fair value of the PARSUs for the two - and three - year performance periods beginning with fiscal 2014 based on the probable outcome of performance conditions related to these PARSUs at the grant da
For PARSUs
awarded in fiscal 2014, amounts shown reflect the grant date fair
value of the PARSUs
for the two - and three - year performance periods beginning with fiscal 2014 based on the probable outcome of performance conditions related to these PARSUs at the grant da
for the two - and three - year performance periods beginning with fiscal 2014 based on the probable outcome
of performance conditions related to these PARSUs at the grant date.
For full
value awards, we use the average
of the company's closing share price over the last four quarters.
While the opportunity
for point
value is lower, cash back programs are simple and cardholders are guaranteed a predictable rate
of return from their credit card rewards, without having to decipher loyalty programs or search
for award availability.
«One
of our core
values is putting people first — so having our own associates provide feedback
for this
award is a testament
of our great culture and unique programs that appreciate and help open doors to a world
of opportunities.»
The Fellowships are funded in part by Hong Kong's
award - winning airline, Cathay Pacific Airways, and are
valued at up to C$ 10,000 each
for in - country travel / expenses and coverage
of...
Scholes was
awarded the Nobel Prize in 1997
for his new method
of determining the
value of derivatives.
Harrison thus forfeited all benefits and perquisites he was entitled to receive from CP, including his pension, and has agreed to surrender
for cancellation almost all
of his vested and unvested equity
awards, this whole package
valued at approximately C$ 118 million.
Hard - core
award travel enthusiasts will learn the details
of these foreign programs and find ways to redeem their miles
for outstanding
values.
The agreement also sets a target
award value for annual long - term incentive compensation
awards at twice Mr. Braverman's annual base salary at the end
of the fiscal year, but the Committee retains discretion to adjust this target
value.
«We are honored to receive this
award which underscores the unique
value of our technology platform and its game changing potential to make novel vaccines
for important human diseases.»
Annual bonuses (consisting
of cash plus the full
value of Earnings Bonus Units
awards)
for the Named Executive Officers were increased about 40 percent compared to 2009, except
for Messrs. Humphreys and Dolan whose
awards increased about 50 percent.
The Academy
Award - winning film Chariots
of Fire (1982) illustrates well the
value of play
for its own sake.
«Workers
of all ages are good
for business and these finalists are proof positive that creating a work environment that
values older workers pays off big time,» says Ruth Finkelstein, director
of the Age Smart Employer
Awards program and Associate Director
of the Robert N. Butler Columbia Aging Center at the Mailman School
of Public Health.
The Dicksons» top 10 national ranking
for a Holstein herd was among the accolades
awarded to several south - west dairy herds in this week's release
of Australian Breeding
Values (ABVs) by DataGene,
«The DuPont
Award for Packaging Innovation highlights innovation in several areas, including sustainability, and that helps people see
value of responsible packaging.
WILMINGTON, Del., June 23, 2016 — Innovation in the packaging industry is driven with a clear sense
of purpose and responsibility
for improving consumer lives and creating
value in the marketplace, according to nine
of the industry's leaders, gathered this spring to judge
of the 28th DuPont
Awards for Packaging Innovation.
Innovation in the packaging industry is driven with a clear sense
of purpose and responsibility
for improving consumer lives and creating
value in the marketplace, according to nine
of the industry's leaders, gathered this spring to judge
of the 28th DuPont
Awards for Packaging Innovation.
«The packaging
award criteria reflects the right intersection
of science, environment and consumers because all
of them are extremely critical to the success
of the product in the market,» said Sanjay Ghoshal, senior director and global head, Packaging, Dr. Reddy's Laboratories Ltd. «Most
of this packaging will eventually go to create
value for human lives; that's really very inspiring
for me.»
The DuPont
Awards for Packaging Innovation are the industry's longest - running, global, independently judged celebration
of innovation and collaboration throughout the
value chain.
Accolade Wines, the world's leading provider
of New World premium, commercial and
value wines, is celebrating following its recognition as International Wine Business
of the Year at the prestigious Meininger
Awards for «Excellence in Wine and Spiri...
The DuPont
Awards for Packaging Innovation is the industry's longest running, global, independently judged celebration of innovation and collaboration throughout the value chain and is recognized globally as the leading packaging awards pr
Awards for Packaging Innovation is the industry's longest running, global, independently judged celebration
of innovation and collaboration throughout the
value chain and is recognized globally as the leading packaging
awards pr
awards program.
The DuPont
Awards for Packaging Innovation is the industry's longest running, global, independently - judged celebration of innovation and collaboration throughout the value chain and is recognized globally as the leading packaging awards pr
Awards for Packaging Innovation is the industry's longest running, global, independently - judged celebration
of innovation and collaboration throughout the
value chain and is recognized globally as the leading packaging
awards pr
awards program.
The DuPont
Awards for Packaging Innovation is the industry's longest - running, global, independently judged celebration
of innovation and collaboration throughout the
value chain.
«The entries
for this year's Clear Choice
Awards showcased a trend in the artistry and
value - add that glass packaging provides to the consumer,» said Lynn Bragg, President
of the GPI.»