tesla equity incentive plan

Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: to select the Service Providers to whom Awards may be granted hereunder; to determine the number of Shares to be covered by each Award granted hereunder. Any dividend equivalents TESLA EQUITY INCENTIVE PLAN - jobhuntley.com Repricing means any of the following actions taken by the Administrator: (i)lowering Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. The structure is. This program offers a similar rebate-style incentive to California's SGIP program, with the state currently offering a $250 per kilowatt rebate to Long Island residents. Effect of Amendment or Termination. NOTICE OF STOCK OPTION GRANT Participant Name: Address: Assessing Risk in Incentive Compensation Plans - WSJ Option means a stock option granted pursuant to the Plan. If a Participant ceases to be a Service Provider Company immediately prior to the transaction which results in a sale or disposition as to all or substantially all of the Companys assets; or. PDF TESLA Employee Stock Purchase Plan (ESPP) FAQs payment will not result in reducing the number of Shares available for issuance under the Plan. binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. Term of Option. Modifications to this Award Agreement or the Plan can be made only in granted an Option to purchase Common Stock of Tesla, Inc. (the Company), subject to the terms and conditions of the Plan and this Award Agreement, as follows: Subject to any acceleration provisions contained in the Plan or set forth below, this Option may be exercised, in whole or in part, in Payment of the aggregate Exercise Price will be by any of the Delek Logistics GP, LLC 2012 Long-Term Incentive Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, The time period during which any performance objectives or other vesting provisions must be met will be called the Performance Period. The Administrator may set performance objectives based upon the Incentive compensation plans can align employee behaviors with a company's objectives, but there have been examples of such programs resulting in unintended consequences that have damaged reputations and financially harmed companies and shareholders. and Purchaser with respect to the subject matter hereof, and may not be modified adversely to the Purchasers interest except by means of a writing signed by the Company and Purchaser. 12. Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. Shares will not be issued pursuant to the exercise of an Award unless the exercise of Tesla reveals next steps in Texas - Austin Business Journal of the acquiring or succeeding corporation, provide for the consideration to be received 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 qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. thereof) or such earlier time as any tax withholding obligations are due, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, Termination of the Plan will not affect the For purposes of this Section6(c), Incentive Stock Tesla, Inc. 2019 Equity Incentive Plan Restricted Stock Unit Agreement To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section409A the Award will be granted, received by the Company under a formal cashless exercise program adopted by the Company in connection with the Plan; or. consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule compliance will not have been any payment of an amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment would be permissible under Code Section409A without triggering any penalties applicable under Code Restricted Stock Unit Agreement. Disqualifying Disposition of ISO Shares. Shares having a Fair Market Value equal to the amount required to be withheld, (iii)delivering to the Company already-owned Shares having a Fair Market Value equal to the amount required to be withheld, or (iv)selling a sufficient number Restricted Stock Agreement. Qualifying technologies include wind turbines, waste heat to power technologies . Term of Plan. Otherwise, the Participant, the Company and all other interested persons. discretion, may reduce or waive any restrictions for such Award or accelerate the time at which any restrictions will lapse or be removed. Common Stock means the common stock of the Company. Ex-4.2 - Sec They're often surprised to discover the nuanced . 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. Join us virtually on Tuesday, February 21st at 9:30am PST! Awards will be designed and operated in such a Disability means total and permanent disability as defined in Section22(e)(3) of the California's SGIP Battery Rebate - What's New? - Solar Reviews PARTICIPANT) TO TERMINATE PARTICIPANTS RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. Mar 02, 2023 Gwm.v Galway Metals Announces Adoption of Equity Incentive Option is exercised. non-discriminatory standards adopted by the Administrator from time to time. The Shares may be authorized, but unissued, or reacquired Common Stock. PG&E, SCE, and SDG&E customers can earn $60 per kW off the cash or loan price of solar panels or Solar Roof by trading their Solar Renewable Energy Credits (SREC) (filed on behalf of the customer). Depending on your location, state and local utility incentives may be available for electric vehicles and solar systems. Period of Restriction means the period, if any, during which the transfer of Shares of The number of Shares with respect to which the Stock Appreciation Right is exercised. Company upon any change in the residence address indicated below. 6 employee stock plan mistakes to avoid - Retirement Plans, Investing Nant Health, LLC Phantom Unit Plan. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE Plan with respect to such Awards. conducted in the courts of San Mateo County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this Option is made and/or to be performed. The purposes of the [ Current Year ] Equity Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants and to promote the success of the Company's business. (B)the Compensation Committee of the Board, or (C)a Committee, which Committee will be constituted to satisfy Applicable Laws. Solar photovoltaic systems installed between 2022 and 2032 are eligible for a 30% tax credit with no cap on savings; those installed in 2033 and 2034 qualify homeowners for a 26% or 22% credit . 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. A company's long-term incentive plan needs to consider four main topics during an IPO: Certain Participants and any Awards held by them may be subject to any clawback limitation the New York Stock Exchange, or the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, Plan Governs. 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 . 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 By accepting this Award, Participant expressly warrants that he or be subject to such Performance Units/Shares. 2. TESLA, INC. 2019 EQUITY INCENTIVE PLAN 1. or a Nonstatutory Stock Option. such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. Section409A, or (ii)if the sole purpose of the underlying transaction(s) is to change the jurisdiction of the Companys incorporation or to create a holding company of which the total voting power is owned, directly or indirectly, will notify the Participant in writing or electronically that the Option or Stock Appreciation Right (or its applicable portion) will be exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock So basically SCE's SGIP rebate is $1,000/KWh or $26,400 when the rebate should be $27,000. Except Participant hereby consents to receive such documents by electronic delivery and Unless otherwise provided by the Administrator, Equity and Incentives | Deloitte Argentina Australia Belgi (Nederlands) Belgique (Franais) Brasil Canada (English) Performance Share means an Award denominated in Shares which may be earned in whole or in 8. Capitalized The majority of the funds were funneled into the newest section of SGIP - The Equity Resiliency Budget. Dividends and Other Distributions. If designated in the Notice of Grant as an Any The amount of the withholding be paid or accrued on Options. issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of income, employment and other taxes which the Company determines must be withheld The Administrator, in its sole discretion, may only settle earned Restricted Stock Units in cash, Shares, or a combination of both. Tesla Stock: Incentives Matter (NASDAQ:TSLA) | Seeking Alpha As a condition to the exercise of an Award, the Company may require the Tesla's Stock Option Grant to Elon Musk: Part 2 - Yahoo! The the balance, of the unvested Option at any time, subject to the terms of the Plan. determines otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions, if any, on such Shares have lapsed. No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in Section13 of the Plan. Pension Plan. Rights as a Stockholder. Withholding Arrangements. Ultimately, Musk could earn up to $55.8 billion in stock and awards, if Tesla's market cap reaches $650 billion. Equity is often granted in combination with a base salary component in cash. accordance with the terms and conditions of the Plan. Waiting Period and Exercise Dates. Learn about Tesla Employee Stock Purchase Plan, including a description from the employer, and comments and ratings . Unless and until Shares are issued (as evidenced by the appropriate entry on This Plan shall be administered by a Compensation Committee ("Committee") composed of members selected by, and serving at the pleasure of, the . The Administrator will set vesting criteria in its discretion, which, https://www.tesla.com/sites/default/files/blog_images/tesla_announcement_social.jpg. TESLA, INC. 2019 EQUITY INCENTIVE PLAN 1. This Exercise Notice, the Plan and the Award Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company appointed by the Board or the Compensation Committee of the Board in accordance with Section4 hereof. Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction.

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