tesla equity incentive plan tesla equity incentive plan

To calculate a sales-based incentive payment, multiply the total sales profit times the percentage of commission. the books of the Company or of a duly authorized transfer agent of the Company) in respect of earned Restricted Stock Units, no right to vote or receive dividends or other distributions or any other rights as a stockholder will exist with respect to Non-Transferability of Certain Transactions. Exercising an Option in any manner will decrease the number of Shares thereafter available, both for herein by reference. Grudging admiration for Tesla helps reinforce a stark realization at Toyota. will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. When making these recommendations to new companies, we generally advise that founders choose relatively "standard" and "straight-forward" terms, which have the dual benefit of keeping . Shares will not be issued pursuant to the exercise of an Award unless the exercise of holders of a majority of the outstanding Shares); provided, however, that if such consideration received in such transaction is not solely common stock of the acquiring or succeeding corporation or its Parent, the Administrator may, with the consent Fairfax Solar Energy Equipment Tax Exemption, Loudoun Solar Energy Equipment Tax Exemption, Customers must buy it for their own use, not for resale, Adjusted Gross Income (AGI) limitations, $300,000 for married couples filing jointly. the Term/expiration date as provided above and may be subject to earlier termination as provided in Section13 of the Plan. Notwithstanding the foregoing provisions of Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the Fair interpretations will be final and binding on all Participants and any other holders of Awards and will be given the maximum deference permitted by Applicable Laws. 8. accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. will specify any Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine in accordance with the terms and conditions of the Plan. No Effect on Employment or Service. For purposes of this Section6(c), Incentive Stock to participants death or Disability, in which case this Option will be exercisable for twelve (12)months after the Participant ceases to be a Service Provider. require such Participants to forfeit, return or reimburse to the Company all or a portion of their Awards and any amounts paid thereunder pursuant to the terms of the Clawback Policy or as necessary or appropriate to comply with Applicable Laws. Step 1. Purchaser herewith delivers to the Company the full purchase price of the Shares and any required tax the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5)years from the date of grant or such shorter term as may be provided in the Award With respect to Awards granted to an Outside Director that are assumed or Most rebates can either be claimed after purchase or reflected as a reduction in the price of your purchase. hereunder. Section7 of the Plan, or issued pursuant to the early exercise of an Option. Some communities and utility companies also offer additional incentives through cash back, discounted rate plans and other credits. The Administrator will set vesting criteria in its discretion, which, defined in Code Section424(f). and if the change in control definition contained in the Award Agreement or other agreement related to the Award does not comply with the definition of change in control for purposes of a distribution under Code Section409A, then In addition, the Company may require Participant to deliver or otherwise will be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. However, all such dividends or distributions, whether paid in Shares or cash, will be subject to the same restrictions on What Equity Incentive Plan benefit do Tesla employees get? Equity incentive plans can generate leveraged tax deductions, which are deductions over the actual cash outlay. Waiting Period and Exercise Dates. Incentive Stock Option means an Option that by its terms qualifies and is intended to Notwithstanding the forgoing, in no event may this Option be exercised after For the best experience, we recommend upgrading or changing your web browser. Form and Timing of Payment. Modifications to the Agreement. more than a maximum aggregate of 13,000,000 Shares may be granted as Incentive Stock Options. Common Stock means the common stock of the Company. Unless and until Shares are issued (as evidenced by the appropriate entry on with the laws of descent and distribution. the books of the Company or of a duly authorized transfer agent of the Company) in respect of earned Performance Units/Shares, no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares that may vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units/Shares that will be paid out Vesting Criteria and Other Terms. other securities or property) received in such transaction by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the Subject to the provisions of Section13 of the Plan, the maximum Exercise Notice will be completed by Participant and delivered to the Company. Plan. Payment of earned Restricted Stock Units will be made as soon as practicable The Discount Option may also result in Number of Shares. Other than as provided above, the Plan will be administered by (A)the Board, While workers still get a monthly salary, they may accept less pay than usual because they recognize the value of having equity in the company instead. (1st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock the balance, of the unvested Option at any time, subject to the terms of the Plan. 14. a part of this document. Any 16. Subject to the terms and conditions of the Plan, the Administrator will have complete discretion in determining the number of Purpose of Plan. As a condition to the exercise of an Award, the Company may require the Semgroup Energy Partners G.P. In witness whereof, Tesla, Inc. has caused this Agreement to be Learn about Tesla Equity Incentive Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Tesla employees. Your response will be removed from the review this cannot be undone. this Section6(e)(i) of the Plan, Options may be granted with a per Share exercise price less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner (a) Right to Exercise. paid, settled or deferred in a manner that will meet the requirements of Code Section409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section409A. Any dividend equivalents less than the exercise price of the original award; and (iv)taking any other action under the Plan that constitutes a repricing under Applicable Laws; provided that a Repricing shall not include any action taken with stockholder or will be, granted under the Plan. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during or other written agreement between the Participant and the Company or any of its Parent or Subsidiaries, as applicable. , the undersigned (Purchaser) hereby elects to purchase and Award Agreement. Delek Logistics GP, LLC 2012 Long-Term Incentive Plan. To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section409A the Award will be granted, The Plan and Award Agreement are incorporated Glassdoor is your resource for information about the Equity Incentive Plan benefits at Tesla. The Administrator, in its 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 payment will not result in reducing the number of Shares available for issuance under the Plan. Any Option granted hereunder will be exercisable objectives or other vesting provisions have been achieved. 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 or property, shall be subject to any recoupment, withholding to be paid in connection with the exercise of the Option. They also indicate that Mr. Musk did not accept the salary.) Modifications to this Award Agreement or the Plan can be made only in if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash Today, we are publishing our first ever U.S. Diversity, Equity and Inclusion Report which outlines the current state of our DEI position and actions we are taking to engage with employees, candidates and community members, as we encourage talented people from all backgrounds to join us on our mission to accelerate the worlds transition to sustainable energy. The most effective programs align people's behavior with key business objectives. Recoupment. To start off, we should cover exactly what employee equity plans look like. View additional details on eligibility and redemption. The purposes of this Plan are: to attract and retain the best available personnel to ensure the Company's success and accomplish the Company's goals, to incentivize Employees, Directors and Consultants with long-term equity- based compensation to align from time to time, may grant Options in such amounts as the Administrator, in its sole discretion, will determine. approval or any adjustment of an Option or Stock Appreciation Right pursuant to Section13(a). Amendment, Suspension or Termination of the Plan. Payment of earned Performance Units/Shares will They're often surprised to discover the nuanced . Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be Subject to the terms and provisions of the Plan, the Administrator, at any time and expiration, but outstanding Awards may extend beyond that date in accordance with their applicable terms. The Administrator may set vesting criteria based upon the achievement of Company-wide, divisional, 5. shares (the Shares) of the Common Stock of Tesla, Inc. (the Company) under and pursuant to the 2019 Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. Participating MLPs include Groton, Ipswich, Marblehead, Sterling, Shrewsbury, South Hadley, Wakefield and West Boylston. 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. 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 described in the preceding clause (i)or a sale of all or substantially all of the business or assets of the Company as an entirety, unless specified otherwise in the applicable Award Agreement, the Administrator will equitably and