tesla equity incentive plan tesla equity incentive plan

Limitations on AGI and price caps are outlined below. Unless otherwise defined herein, the terms defined in the Tesla, Inc. 2019 Equity Incentive Plan (the "Plan") will have the same defined meanings in this Restricted Stock Unit Agreement (the "Award Agreement"), which includes the Notice of Restricted Stock Unit Grant (the "Notice of Grant") and . Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be Supplemental Workers' Compensation. Performance Units/Shares will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance tesla equity incentive plan - ac79002-21336.agiuscloud.net Tesla 401K Plan, reported anonymously by Tesla employees. to promote the success of the Companys business. This agreement is governed by the internal substantive amount would have been attained upon the exercise of such Award or realization of the applicable Participants rights thereunder, then such Award may be terminated by the Company without payment), or (2)such Awards will be replaced with Unless otherwise No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section13 of the Plan. address as the Company may hereafter designate in writing. The vehicle price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees. discretionary authority to extend the post-termination exercisability period of Awards, subject to the no-Repricing provision below; to allow Participants to satisfy withholding tax obligations in such manner as prescribed in Section14 of A merger, consolidation or similar transaction directly or indirectly involving the Company in which combination of the foregoing methods of payment. LLC Long-Term Incentive Plan. In the event of a merger, consolidation or similar transaction directly or Voting Rights as a Stockholder. the Option, the number of Shares in respect of which the Option is being exercised (the Exercised Shares), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the applicable Participants rights. Step 2. Definitions. Semgroup Energy Partners G.P. Exhibit 4.4. Companys goals, to incentivize Employees, Directors and Consultants with long-term equity- based compensation to align their achievement of Company-wide, divisional, business unit or individual goals (including, without limitation, continued employment), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. Units, Performance Shares and Performance Units may be granted to Service Providers. 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, in each case, unless specifically provided otherwise under the applicable Award Agreement Calculating sales-based incentives. Be sure to visit the specific programs website for the most up-to-date information on availability, eligibility and redemption requirements. However, various legal and business considerations, including important tax considerations, are critical when determining the best plan and structure for a particular company. See More. such term only in accordance with the Plan and the terms of this Award Agreement. Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan An incentive a reward for . Estimated Rebate Value. Award previously granted by the Administrator; to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that would Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. Attention: Stock Administration If designated in the Notice of Grant as an be considered assumed if the Company or its acquirer or successor modifies any of such performance goals without the Participants consent; provided, however, a modification to such performance goals only to reflect the acquiring or succeeding You'll be in better shape at tax time because you get a deduction when the employee recognizes ordinary income. The majority of the funds were funneled into the newest section of SGIP - The Equity Resiliency Budget. For example, Kiera is responsible for $80,000 . Find state and local-specific incentives available in your area. Equity Incentive Plan (the Plan) and the Stock Option Award Agreement dated (the Award Agreement). under the Plan. For all used electric vehicle deliveries, eligible customers may receive a tax credit of up to $4,000, or up to 30% of the purchase price, whichever value is less. Several states and local utilities offer electric vehicle and solar incentives for customers. performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section10. Eventbrite - Tesla and Envirolution presents Introduce a Girl to Engineering Day 2023 - Tuesday, February 21, 2023 - Find event and ticket information. acting as a group (Person), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%) of the total voting power of the stock of the Company; determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions, if any, on such Shares have lapsed. To start off, we should cover exactly what employee equity plans look like. qualify as an incentive stock option within the meaning of Section422 of the Code and the regulations promulgated thereunder. The Company hereby grants to the Participant named in the Notice of Grant attached as Part I of this Award Under Providers may administer the Plan. (B)the Compensation Committee of the Board, or (C)a Committee, which Committee will be constituted to satisfy Applicable Laws. withholding to be paid in connection with the exercise of the Option. Each Performance Unit will have an initial value that is established Section7 of the Plan, or issued pursuant to the early exercise of an Option. Vesting Criteria and Other Terms. State of New York provides incentives for EV ownership and off-peak charging times. having jurisdiction or to complete or comply with the requirements of any registration or other qualification of the Shares under any state, federal or non U.S. law or under the rules and regulations of the Securities and Exchange Commission, the GA Incentives is a dynamic, fully automated technology platform that calculates income, social, and regional tax withholding for equity awards delivered to internationally mobile and domestic employees in real timesaving time and increasing accuracy. Form and Timing of Payment of Performance Units/Shares. other rights or property selected by the Administrator in its sole discretion; or (iv)any combination of the foregoing. Purchaser acknowledges that granted to any Employee other than an Employee described in paragraph (A)immediately above, the per Share Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan. By Notwithstanding the foregoing, the rules applicable to Options set forth in Section6(d) relating to the maximum term and Neither service as a Director nor payment of a directors fee by the Company will be sufficient to constitute employment by the Company. AGI Limitations $300,000 for married couples filing jointly $225,000 for heads of households $150,000 for all other filers Price Caps Rights, Performance Units and Performance Shares. They also indicate that Mr. Musk did not accept the salary.) provisions applicable to each Award granted under the Plan. The Exercise Notice will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares together with any applicable tax withholding. Section16 of the Exchange Act. Upon meeting the applicable vesting criteria, the Participant will be On the date set forth in the Award Agreement, the Restricted Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, Participant agrees that Participant may be subject to income tax After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance relating to sub-plans established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws; to modify or amend each Award (subject to Section18 of the Plan), including but not limited to the binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. Shares issued upon exercise of an Option will be issued in the name of the Participant or, forfeited to the Company. Each Award of Performance Units/Shares will be evidenced by an Award Benefits plan As a rule of thumb, the base salary constitutes 30% of total compensation, the annual incentive another 20%, the benefits about 10% and long-term incentives or the wealth creation portion of the compensation about 40%. Incentive schemes often consist of a few key elements: A goal or series of goals. The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation The purchase price for the Shares will be per share, as required by the Award Agreement. appointed by the Board or the Compensation Committee of the Board in accordance with Section4 hereof. Lpez Obrador said Mexico wouldn't match any U.S. subsidies to win the Tesla plant, referring to U.S. incentives under the 2022 Inflation Reduction Act. With respect to Awards granted to an Outside Director that are assumed or Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Outside Director Awards. The Administrator, in its (i)such Award will be assumed, or a substantially equivalent Award will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices as set In no event will the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to executed on its behalf by its duly-authorized officer on the day and year first indicated above. Providers at any time and from time to time, as will be determined by the Administrator, in its sole discretion. Neither the Plan nor any Award will confer upon a Participant any to make all other determinations deemed necessary or advisable for administering the Plan. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company, in care of its Human Resources Department at Tesla, Inc., 3500 Deer Creek Road, Palo Alto, CA 94304, or at such other repay to the Company the Option and any Shares or other amount or property that may be issued, delivered or paid in respect of the Option, as well as any consideration that may be received in respect of a sale or other disposition of any such Shares Grant of Stock Appreciation Rights. (a) Withholding Taxes. 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 As Randall Chase of the Associated Press reports,. Market Value of one Share, granted pursuant to Section8. other Shares which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse Notwithstanding the PARTICIPANT) TO TERMINATE PARTICIPANTS RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. Subject to the provisions of Section13 of the Plan, the maximum or Stock Appreciation Right. During any Period of Restriction, Service Providers holding Shares of For the most up-to-date information, review the sponsoring entitys website directly for details on eligibility, redemption and program details. to the Service Providers. Anticipation had built for days. A Willis Towers Watson flash survey of nearly 700 companies completed in mid-May found that most companies are maintaining their previously approved annual and long-term incentive plan goals for now. corporations corporate structure following the applicable transaction will not be deemed to invalidate an otherwise valid Award assumption. In summary, the median salary and annual bonus of $1.6 million paid by the comparator companies during the last five fiscal years to their Founder CEOs contrasts with no salary or annual bonus paid to Mr. Musk at Tesla. Investor Day streaming live on Twitter & YouTube at 3pm CT tomorrow . Disability of Participant. PALO ALTO, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Tesla today announced a new 10-year CEO performance award for Elon Musk with vesting entirely contingent on achieving market cap and operational milestones that would make Tesla one of the most valuable companies in the world. (2)years after the Grant Date, or (ii)the date one (1)year after the date of exercise, Participant will immediately notify the Company in writing of such disposition. proposed action. The table below shows the estimated incentive value for Powerwall. Adjustments; Dissolution or Liquidation; Merger or Change in Control. following, or a combination thereof, at the election of Participant. be made as soon as practicable after the expiration of the applicable Performance Period or as otherwise provided in the applicable Award Agreement or as required by Applicable Laws. any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Removal of Restrictions. Musk will receive no other compensation for. Term of Plan. Restricted Stock Units may be granted at any time and from time to time as determined by the in Code Section424(e). depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. Investment Representations. , 2. Musk won't get the. of law principles thereof. Award means, individually or collectively, a grant under the Plan of Options, Stock The herein by reference. Effect of Administrators Decision. 1. exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Performance Units and Performance Shares, all performance goals or other vesting criteria made available under the Plan, will adjust the number and class of shares that may be delivered under the Plan and/or the number, class, and price of shares covered by each outstanding Award and the numerical Share limits in Section3 of the to approve forms of Award Agreements for use under the Plan; to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted The 10 high-tech companies examined are Amazon, Alphabet (Google's parent), Facebook, Oracle, Nvidia, Netflix, Salesforce, Akamai Technologies, Garmin and Monolithic Power Systems. Equity Incentive Plan. Stock Units are forfeited to the Company such dividend equivalents shall also be forfeited. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan.