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Paramount Global – ‘10-K’ for 12/31/22 – ‘EX-10.C’

On:  Thursday, 2/16/23, at 12:12pm ET   ·   For:  12/31/22   ·   Accession #:  813828-23-5   ·   File #:  1-09553

Previous ‘10-K’:  ‘10-K’ on 2/15/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/28/24 for 12/31/23   ·   31 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/16/23  Paramount Global                  10-K       12/31/22  151:23M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   4.64M 
 2: EX-10.C     Material Contract                                   HTML     44K 
 3: EX-10.E     Material Contract                                   HTML     45K 
 4: EX-10.J     Material Contract                                   HTML    262K 
 5: EX-10.M     Material Contract                                   HTML     44K 
 6: EX-21       Subsidiaries List                                   HTML    674K 
 7: EX-23.A     Consent of Expert or Counsel                        HTML     38K 
 8: EX-24       Power of Attorney                                   HTML     61K 
 9: EX-31.A     Certification -- §302 - SOA'02                      HTML     42K 
10: EX-31.B     Certification -- §302 - SOA'02                      HTML     41K 
11: EX-32.A     Certification -- §906 - SOA'02                      HTML     39K 
12: EX-32.B     Certification -- §906 - SOA'02                      HTML     39K 
18: R1          Cover                                               HTML    109K 
19: R2          Audit Information                                   HTML     43K 
20: R3          Consolidated Statements of Operations               HTML    175K 
21: R4          Consolidated Statements of Comprehensive Income     HTML     72K 
22: R5          Consolidated Balance Sheets                         HTML    194K 
23: R6          Consolidated Balance Sheets (Parenthetical)         HTML     60K 
24: R7          Consolidated Statements of Cash Flows               HTML    167K 
25: R8          Consolidated Statements of Cash Flows               HTML     41K 
                (Parenthetical)                                                  
26: R9          Consolidated Statements of Stockholders' Equity     HTML    113K 
27: R10         Basis of Presentation and Summary of Significant    HTML    126K 
                Accounting Policies                                              
28: R11         Acquisitions and Dispositions                       HTML     46K 
29: R12         Discontinued Operations                             HTML    118K 
30: R13         Property and Equipment                              HTML     52K 
31: R14         Programming and Other Inventory                     HTML     78K 
32: R15         Goodwill and Other Intangible Assets                HTML    156K 
33: R16         Restructuring and Other Corporate Matters           HTML     85K 
34: R17         Related Parties                                     HTML     53K 
35: R18         Revenues                                            HTML     57K 
36: R19         Debt                                                HTML     97K 
37: R20         Leases                                              HTML    117K 
38: R21         Financial Instruments                               HTML     52K 
39: R22         Fair Value Measurements                             HTML     51K 
40: R23         Variable Interest Entities                          HTML     52K 
41: R24         Stockholders' Equity                                HTML     93K 
42: R25         Stock-Based Compensation                            HTML     83K 
43: R26         Income Taxes                                        HTML    117K 
44: R27         Pension and Other Postretirement Benefits           HTML    284K 
45: R28         Segment Information                                 HTML    123K 
46: R29         Commitments and Contingencies                       HTML     86K 
47: R30         Supplemental Financial Information                  HTML     72K 
48: R31         Schedule II - Valuation and Qualifying Accounts     HTML     72K 
49: R32         Basis of Presentation and Summary of Significant    HTML    153K 
                Accounting Policies (Policies)                                   
50: R33         Basis of Presentation and Summary of Significant    HTML     78K 
                Accounting Policies (Tables)                                     
51: R34         Discontinued Operations (Tables)                    HTML    121K 
52: R35         Property and Equipment (Tables)                     HTML     54K 
53: R36         Programming and Other Inventory (Tables)            HTML     95K 
54: R37         Goodwill and Other Intangible Assets (Tables)       HTML    191K 
55: R38         Restructuring and Other Corporate Matters (Tables)  HTML     81K 
56: R39         Related Parties (Tables)                            HTML     49K 
57: R40         Revenues (Tables)                                   HTML     50K 
58: R41         Debt (Tables)                                       HTML     86K 
59: R42         Leases (Tables)                                     HTML     81K 
60: R43         Financial Instruments (Tables)                      HTML     46K 
61: R44         Fair Value Measurements (Tables)                    HTML     51K 
62: R45         Variable Interest Entities (Tables)                 HTML     54K 
63: R46         Stockholders' Equity (Tables)                       HTML     80K 
64: R47         Stock-Based Compensation (Tables)                   HTML     82K 
65: R48         Income Taxes (Tables)                               HTML    119K 
66: R49         Pension and Other Postretirement Benefits (Tables)  HTML    296K 
67: R50         Segment Information (Tables)                        HTML    123K 
68: R51         Commitments and Contingencies (Tables)              HTML     58K 
69: R52         Supplemental Financial Information (Tables)         HTML     75K 
70: R53         Basis of Presentation and Summary of Significant    HTML     97K 
                Accounting Policies - Narrative (Details)                        
71: R54         Basis of Presentation and Summary of Significant    HTML     51K 
                Accounting Policies - Property and Equipment                     
                (Details)                                                        
72: R55         Basis of Presentation and Summary of Significant    HTML     49K 
                Accounting Policies - Net Earnings (Loss) per                    
                Common Share (Details)                                           
73: R56         Basis of Presentation and Summary of Significant    HTML     77K 
                Accounting Policies - Schedule of Earnings Per                   
                Share, Basic and Diluted (Details)                               
74: R57         Acquisitions and Dispositions - Acquisitions        HTML     55K 
                (Details)                                                        
75: R58         Acquisitions and Dispositions - Dispositions        HTML     69K 
                (Details)                                                        
76: R59         Discontinued Operations - Schedule of               HTML     87K 
                Dispositions, Net Earnings (Details)                             
77: R60         Discontinued Operations - Schedule of               HTML     76K 
                Dispositions, Assets and Liabilities (Details)                   
78: R61         Property and Equipment (Details)                    HTML     57K 
79: R62         Programming and Other Inventory - Programming       HTML     64K 
                Inventory (Details)                                              
80: R63         Programming and Other Inventory - Amortization of   HTML     46K 
                Programming and Production Costs (Details)                       
81: R64         Programming and Other Inventory - Narrative         HTML     60K 
                (Details)                                                        
82: R65         Programming and Other Inventory - Expected          HTML     61K 
                Amortization of Released Programming Inventory                   
                (Details)                                                        
83: R66         Goodwill and Other Intangible Assets - Narrative    HTML     77K 
                (Details)                                                        
84: R67         Goodwill and Other Intangible Assets - Goodwill     HTML     78K 
                (Details)                                                        
85: R68         Goodwill and Other Intangible Assets - Intangible   HTML     69K 
                Assets (Details)                                                 
86: R69         Goodwill and Other Intangible Assets -              HTML     43K 
                Amortization Expense (Details)                                   
87: R70         Goodwill and Other Intangible Assets - Future       HTML     49K 
                Amortization Expense (Details)                                   
88: R71         Restructuring and Other Corporate Matters -         HTML     51K 
                Restructuring and Other Corporate Matters                        
                (Details)                                                        
89: R72         Restructuring and Other Corporate Matters -         HTML     58K 
                Narrative (Details)                                              
90: R73         Restructuring and Other Corporate Matters -         HTML     70K 
                Rollforward (Details)                                            
91: R74         Related Parties - Narrative (Details)               HTML     48K 
92: R75         Related Parties - Schedule of Related Party         HTML     51K 
                Transactions (Details)                                           
93: R76         Revenues - Disaggregation of Revenue (Details)      HTML     52K 
94: R77         Revenues - Receivables (Details)                    HTML     42K 
95: R78         Revenues - Contract Liabilities (Details)           HTML     42K 
96: R79         Revenues - Unrecognized Revenues Under Contract     HTML     52K 
                (Details)                                                        
97: R80         Revenues - Performance Obligations Satisfied in     HTML     40K 
                Previous Periods (Details)                                       
98: R81         Debt - Schedule of Debt (Details)                   HTML    144K 
99: R82         Debt - Narrative (Details)                          HTML    117K 
100: R83         Debt - Maturities of Long-Term Debt (Details)       HTML     55K  
101: R84         Leases - Balance Sheet Amounts (Details)            HTML     48K  
102: R85         Leases - Weighted Average (Details)                 HTML     42K  
103: R86         Leases - Lease Cost (Details)                       HTML     49K  
104: R87         Leases - Operating Cash Flows (Details)             HTML     42K  
105: R88         Leases - Future Minimum Payments (Details)          HTML     57K  
106: R89         Leases - Narrative (Details)                        HTML     42K  
107: R90         Financial Instruments - Narrative (Details)         HTML     96K  
108: R91         Financial Instruments - Foreign Exchange Contracts  HTML     42K  
                (Details)                                                        
109: R92         Fair Value Measurements - Assets and Liabilities    HTML     50K  
                (Details)                                                        
110: R93         Fair Value Measurements - Narrative (Details)       HTML     47K  
111: R94         Variable Interest Entities (Details)                HTML     70K  
112: R95         Stockholders' Equity - Narrative (Details)          HTML    112K  
113: R96         Stockholders' Equity - Accumulated Other            HTML     65K  
                Comprehensive Income (Details)                                   
114: R97         Stock-Based Compensation - Narrative (Details)      HTML     84K  
115: R98         Stock-Based Compensation - Stock-based              HTML     54K  
                Compensation Expense (Details)                                   
116: R99         Stock-Based Compensation - RSUs and PSUs (Details)  HTML     63K  
117: R100        Stock-Based Compensation - Stock-Options,           HTML     55K  
                Rollforward (Details)                                            
118: R101        Stock-Based Compensation - Stock Options, Other     HTML     45K  
                Information (Details)                                            
119: R102        Income Taxes - Income (Loss) from Continuing        HTML     46K  
                Operations (Details)                                             
120: R103        Income Taxes - Provision for Income Taxes           HTML     67K  
                (Details)                                                        
121: R104        Income Taxes - Narrative (Details)                  HTML     74K  
122: R105        Income Taxes - Effective Income Tax Rate            HTML     62K  
                Reconciliation (Details)                                         
123: R106        Income Taxes - Deferred Income Tax Assets and       HTML     79K  
                Liabilities (Details)                                            
124: R107        Income Taxes - Unrecognized Tax Benefits (Details)  HTML     54K  
125: R108        Pension and Other Postretirement Benefits -         HTML     96K  
                Narrative (Details)                                              
126: R109        Pension and Other Postretirement Benefits - Change  HTML     66K  
                in Benefit Obligation (Details)                                  
127: R110        Pension and Other Postretirement Benefits - Change  HTML     64K  
                In Plan Assets (Details)                                         
128: R111        Pension and Other Postretirement Benefits - Funded  HTML     59K  
                Status of Pension and Postretirement Benefit                     
                Obligations (Details)                                            
129: R112        Pension and Other Postretirement Benefits - Funded  HTML     59K  
                Status and Amounts Recognized in Accumulated Other               
                Comprehensive Income (Loss) on the Consolidated                  
                Balance Sheets (Details)                                         
130: R113        Pension and Other Postretirement Benefits -         HTML     46K  
                Accumulated Benefit Obligation in Excess of Plan                 
                Assets (Details)                                                 
131: R114        Pension and Other Postretirement Benefits -         HTML    101K  
                Components of Net Periodic Benefit Cost and                      
                Amounts Recognized in Other Comprehensive Income                 
                (Loss) (Details)                                                 
132: R115        Pension and Other Postretirement Benefits -         HTML     70K  
                Assumptions (Details)                                            
133: R116        Pension and Other Postretirement Benefits - Fair    HTML     97K  
                Value Measurements (Details)                                     
134: R117        Pension and Other Postretirement Benefits - Future  HTML     71K  
                Benefit Payments (Details)                                       
135: R118        Pension and Other Postretirement Benefits -         HTML     71K  
                Multiemployer Pension and Postretirement Benefit                 
                Plans (Details)                                                  
136: R119        Segment Information - Revenues (Details)            HTML     76K  
137: R120        Segment Information - Operating Income (Loss)       HTML    132K  
                (Details)                                                        
138: R121        Segment Information - Revenue by Type (Details)     HTML     47K  
139: R122        Segment Information - Long-lived Assets (Details)   HTML     44K  
140: R123        Commitments and Contingencies - Narrative           HTML    109K  
                (Details)                                                        
141: R124        Commitments and Contingencies - Commitments         HTML     85K  
                (Details)                                                        
142: R125        Supplemental Financial Information - Components of  HTML     50K  
                Other Items, Net (Details)                                       
143: R126        Supplemental Financial Information - Narrative      HTML     43K  
                (Details)                                                        
144: R127        Supplemental Financial Information - Redeemable     HTML     54K  
                Noncontrolling Interest (Details)                                
145: R128        Supplemental Financial Information - Supplemental   HTML     48K  
                Cash Flow Information (Details)                                  
146: R129        Schedule II - Valuation and Qualifying Accounts     HTML     54K  
                (Details)                                                        
149: XML         IDEA XML File -- Filing Summary                      XML    278K  
147: XML         XBRL Instance -- para-20221231_htm                   XML   5.49M  
148: EXCEL       IDEA Workbook of Financial Reports                  XLSX    303K  
14: EX-101.CAL  XBRL Calculations -- para-20221231_cal               XML    457K 
15: EX-101.DEF  XBRL Definitions -- para-20221231_def                XML   1.49M 
16: EX-101.LAB  XBRL Labels -- para-20221231_lab                     XML   3.44M 
17: EX-101.PRE  XBRL Presentations -- para-20221231_pre              XML   2.13M 
13: EX-101.SCH  XBRL Schema -- para-20221231                         XSD    340K 
150: JSON        XBRL Instance as JSON Data -- MetaLinks              872±  1.37M  
151: ZIP         XBRL Zipped Folder -- 0000813828-23-000005-xbrl      Zip   2.01M  


‘EX-10.C’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Document  
Exhibit 10(c)
PARAMOUNT GLOBAL
SHORT-TERM INCENTIVE PLAN
(as amended and restated effective February 13, 2023)
1.PURPOSE
The purpose of the Paramount Global Short-Term Incentive Plan (the “Plan”) is to provide an opportunity for annual payments (“Bonuses”) to selected employees (the “Participants”) of Paramount Global and its subsidiaries (the “Company”) to reward Participants for their contributions to the Company’s financial success and thereby motivate them to continue to make such contributions in the future. If employees are designated as participants under a senior executive short-term incentive plan (“Senior Executive STIP”), such employees’ bonuses shall be determined and paid in accordance with the Senior Executive STIP.
2.ADMINISTRATION OF THE PLAN
The Plan will be administered by the Chief Executive Officer (“CEO”) and the Chief People Officer (“CPO”) of the Company (each, an “Administrator”). The Administrators are authorized to interpret the Plan, identify the Participants and determine the amount of any Bonuses and the terms and conditions for payments made under the Plan.
The Administrators may delegate the selection of Participants and the amounts of their respective Bonuses to business unit and other managers.
3.ELIGIBILITY
Participation in the Plan will be limited to those employees selected by the Administrators who, in the opinion of the Administrators, are in a position to affect the Company’s results of operations.
4.PERFORMANCE GOALS; DETERMINATION OF BONUS AWARDS
For each calendar year, the Administrators will discuss and review with the Compensation Committee of the Paramount Global Board of Directors (the “Committee”) an annual performance goal or goals for the Plan and the aggregate amount of a pool that may be available to pay Bonuses.
5.PAYMENT OF BONUS AWARDS
Except as provided in a Participant’s employment agreement, if applicable, or any Company-sponsored severance plan in which the Participant is eligible to participate, the payment of any Bonus for any given calendar year requires that the Participant be continuously employed by the Company through the last business day of the calendar year to which the Bonus relates. However, the Administrators may make exceptions to this requirement in the case of death, retirement, disability, corporate transactions or such other circumstances as the Administrators may determine.
Bonuses may be paid, in whole or in part, in cash, in the form of equity-based Bonuses issued under the Equity Plan, or in any other form prescribed by the Administrators (subject to review and approval by the Committee if paid in equity), and may be subject to such additional restrictions as the Administrators may impose. Bonuses will be paid as soon as practicable following determination by the Committee, but in no event later than March 15 of the calendar year following the year in which Bonuses are earned. In addition, the Administrators may establish procedures pursuant to which the payment of any Bonus may be deferred.
For purposes of the Plan, “Equity Plan” means the Company’s 2009 Long-Term Management Incentive Plan (as amended from time to time) and any other equity incentive plan of the Company in effect on January 1, 2009 or as may be established from time to time thereafter.



6.AMENDMENT, MODIFICATION AND TERMINATION
Each Administrator, acting individually, may amend or modify the Plan in whole or in part at any time; provided, however, that any material amendment or modification to the Plan or the decision to terminate the Plan, in whole or in part, shall require the approval of both Administrators.
7.MISCELLANEOUS
(a)    No Company employee shall have any claim or right to receive a Bonus under the Plan. Neither the Plan nor any action taken hereunder shall be construed as giving any Company employee any right to be employed by the Company.
(b)    The rights of a Participant to receive a Bonus under the Plan shall not be transferable by the Participant to whom such Bonus opportunity is granted.
(c)    The Company shall have the right to deduct from all payments made under the Plan to a Participant or to a Participant’s beneficiary or beneficiaries any federal, state or local taxes required by law to be withheld with respect to such payments.
(d)    The Company shall have no obligation to establish a separate fund or trust, or otherwise segregate assets, to provide for payments under the Plan. To the extent any person acquires any rights to receive payments hereunder from the Company, such rights shall be no greater than those of an unsecured creditor.
(e)    The Plan shall be construed in accordance with and governed by the laws of the State of Delaware.
(f)    To the extent applicable, it is intended that this Plan comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended, and any regulations or other formal guidance promulgated with respect thereto by the U.S. Department of the Treasury or the Internal Revenue Service, so as not to result in the assessment of any additional tax or penalty under Section 409A of the Code. This Plan will be administered in a manner consistent with this intent.
(g)    Any Bonus under the Plan will be subject to repayment or forfeiture as may be required to comply with (i) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and any implementing rules, regulations and/or listing standards of the U.S. Securities and Exchange Commission and of the national securities exchange on which the Company is then listed adopted in accordance therewith, (ii) similar rules under the laws of any other jurisdiction and (iii) any policies adopted by the Company to implement such requirements, all to the extent determined by the Company in its discretion to be applicable to the Participant.
2

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/16/238-K
2/13/23
For Period end:12/31/22
1/1/094
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  Paramount Global                  10-K       12/31/23  145:21M
 4/13/23  SEC                               UPLOAD5/11/23    2:39K  Paramount Global
 3/20/23  Paramount Global                  S-3ASR      3/20/23    6:546K                                   Shearman & Sterling LLP
 3/16/23  SEC                               UPLOAD5/11/23    2:43K  Paramount Global


27 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/21/22  Paramount Global                  8-K:5,9    12/16/22   12:446K
10/07/22  Paramount Global                  S-8        10/07/22   11:511K                                   Shearman & Sterling LLP
 5/03/22  Paramount Global                  10-Q        3/31/22   93:11M
 2/18/22  Paramount Global                  8-K:5,9     2/16/22   13:557K
 2/15/22  Paramount Global                  10-K       12/31/21  163:23M
12/14/21  Paramount Global                  8-K:1,9    12/09/21   12:985K                                   Shearman & Sterling LLP
11/04/21  Paramount Global                  10-Q        9/30/21  102:12M
 3/26/21  Paramount Global                  8-K:3,5,8,9 3/23/21   16:1.1M                                   Donnelley … Solutions/FA
 2/24/21  Paramount Global                  10-K       12/31/20  170:25M
 8/06/20  Paramount Global                  10-Q        6/30/20   96:12M
 3/27/20  Paramount Global                  S-3ASR      3/27/20    6:1M                                     Donnelley … Solutions/FA
 1/23/20  Paramount Global                  8-K:1,2,9   1/23/20   12:962K                                   Shearman & Sterling LLP
12/04/19  Paramount Global                  8-K:2,3,5,812/03/19   17:535K                                   Donnelley … Solutions/FA
10/17/19  Paramount Global                  S-4                   28:5.8M                                   Donnelley … Solutions/FA
 8/19/19  Paramount Global                  8-K:1,5,9   8/13/19   15:1.3M                                   Donnelley … Solutions/FA
 2/15/19  Paramount Global                  10-K       12/31/18  150:31M
 2/05/19  Viacom Inc.                       10-Q       12/31/18   80:5.7M
 9/10/18  Paramount Global                  8-K:1,5,7,9 9/09/18    5:271K                                   Donnelley … Solutions/FA
 8/04/16  Viacom Inc.                       10-Q        6/30/16   65:5.9M
 8/05/15  Paramount Global                  10-Q        6/30/15   66:11M
 2/13/15  Paramount Global                  10-K       12/31/14  115:38M
 1/23/15  Viacom Inc.                       DEF 14A     3/16/15    1:1.3M                                   Donnelley … Solutions/FA
 2/23/12  Paramount Global                  10-K       12/31/11  111:25M                                    Toppan Merrill-FA
 4/05/10  Paramount Global                  8-K:8,9     3/30/10    6:304K                                   Donnelley … Solutions/FA
 9/18/09  Paramount Global                  8-K:1,9     9/15/09    2:115K
11/03/08  Paramount Global                  S-3ASR     11/03/08   10:2.5M                                   Cravath Swaine & … 01/FA
 4/17/06  Viacom Inc.                       8-K:1,2,9   4/12/06    5:974K
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