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As Of Filer Filing For·On·As Docs:Size 2/04/19 Chevron Corp 8-K:5,9 1/29/19 4:144K |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 25K 2: EX-10.1 Material Contract HTML 28K 3: EX-10.2 Material Contract HTML 27K 4: EX-10.3 Material Contract HTML 17K
| Exhibit |
Exhibit 10.3 | ||
Chevron Corporation Long-Term Incentive Plan Award Special Restricted Stock Unit Award |  | |
1. | NOTICE
OF RESTRICTED STOCK UNIT AWARD. |
1.1 | NAME OF EMPLOYEE: |
1.2 | GRANT DATE: |
1.3 | NUMBER OF UNITS GRANTED: |
1.4 | VESTING
DATE: Your Restricted Stock Unit Award will vest only if you are employed with Chevron on [DATE]. |
2. | TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AWARD. |
2.1 | EFFECT OF TERMINATION ON VESTING. The entire Restricted Stock Unit Award will be forfeited if your employment Terminates prior to the Vesting Date for any reason. |
2.2 | DISABILITY.
For purposes of the Vesting Schedule and the Expiration Date of your Restricted Stock Unit Award, you are deemed to have Terminated upon the earlier of twenty-nine (29) months after the commencement of long-term disability benefits under a plan or program sponsored by the Corporation, or the date you fail to qualify, or no longer qualify for such long-term disability benefits, provided that you do not return to active employment with the Corporation at that time. |
2.3 | DIVIDEND EQUIVALENTS. If the dividend record date and accompanying dividend payment date of Chevron common stock occur on or before the applicable Vesting Date, the Restricted Stock Unit Award will earn Dividend Equivalents in the form of additional
Restricted Stock Units, subject to the vesting condition described above. If the dividend record date is on or before the applicable Vesting Date but the accompanying dividend payment date is after the applicable Vesting Date, the vested Restricted Stock Unit Award will earn Dividend Equivalents only in the form of cash. |
2.4 | RESTRICTED STOCK UNIT AWARD PAYOUT. The payout amount of your Restricted Stock Unit Award is equal to the number of vested Restricted Stock Units, including Dividend Equivalents, multiplied by the Closing Price of Common Stock as listed on the New York Stock Exchange (NYSE) on the Vesting Date. If the NYSE is closed on the Vesting Date, the price will be based
on the Closing Price of the Common Stock on the last day the NYSE is open prior to the Vesting Date. |
2.5 | PAYMENT. Your vested Restricted Stock Units will be paid in cash, less all applicable withholding taxes, as soon as practical after the Vesting Date. |
2.6 | DEFERRAL. You may not defer payment of your Restricted Stock Unit Award payout. |
2.7 | MISCONDUCT.
Restricted Stock Unit Awards may be forfeited for Misconduct as defined in the Plan, and the Corporation may demand repayment of amounts received on or after the date of the Misconduct. See the terms of the Plan for additional information. |
2.8 | TAXATION. You are responsible for all taxes with respect to the Restricted Stock Unit Award. The Corporation makes no guarantees regarding the tax treatment of your Award and the tax consequences of Restricted Stock Unit Awards vary, depending on the country’s
laws that govern this Restricted Stock Unit Award. Consult the prospectus or prospectus supplement and your tax advisor for more information regarding the tax consequences of your Restricted Stock Unit Award. For a copy of the prospectus or prospectus supplement, go to Executive Plans website or the Global Executive Plans website. |
2.9 | ADJUSTMENTS. In the event of any change in the outstanding shares of Common Stock by reason of any stock dividend or split, recapitalization, reclassification,
merger, consolidation, or other similar corporate change, the number of Restricted Stock Units under this agreement shall be adjusted in accordance with the terms of the Plan. |
2.10 | NON-TRANSFERABILITY OF AWARD. You are not permitted to sell, transfer, pledge, assign or encumber this Restricted Stock Unit Award during your lifetime. |
2.11 | BENEFICIARY DESIGNATION. You may designate a beneficiary for your Restricted Stock Unit Award on the Benefit Connection website.
Benefit Connection can be accessed on the Chevron U.S. Benefits website [website link]. Non-U.S. payroll employees may download a Beneficiary Designation form from the Global Executive Plans website. |
2.12 | NO RIGHT TO CONTINUED EMPLOYMENT. The granting of the Restricted Stock Unit Award shall impose no obligation on the Corporation or its affiliate to continue your employment. |
2.13 | RIGHTS
AS A STOCKHOLDER. You will have none of the rights of a stockholder of the Corporation with respect to the Restricted Stock Unit Award. |
2.14 | AMENDMENT. This Award agreement may not be altered, modified or amended except by written instrument signed by both parties and in accordance with the terms of the Plan. |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/26/24 Chevron Corp. 424B3 1:11M Donnelley … Solutions/FA 4/26/24 Hess Corp. DEFM14A 1:11M Donnelley … Solutions/FA 4/24/24 Chevron Corp. S-4/A 144:35M Donnelley … Solutions/FA 4/12/24 Chevron Corp. S-4/A 144:35M Donnelley … Solutions/FA 3/28/24 Chevron Corp. S-4/A 144:26M Donnelley … Solutions/FA 2/26/24 Chevron Corp. S-4 151:45M Donnelley … Solutions/FA 2/26/24 Chevron Corp. 10-K 12/31/23 155:25M 2/23/23 Chevron Corp. 10-K 12/31/22 150:26M 2/24/22 Chevron Corp. 10-K 12/31/21 146:27M 2/25/21 Chevron Corp. 10-K 12/31/20 149:28M |