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As Of Filer Filing For·On·As Docs:Size 2/24/20 General Electric Co 10-K 12/31/19 198:40M |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 5.57M
2: EX-4.K Instrument Defining the Rights of Security Holders HTML 56K
3: EX-4.L Instrument Defining the Rights of Security Holders HTML 183K
4: EX-10.R Material Contract HTML 77K
5: EX-10.X Material Contract HTML 97K
6: EX-10.Y Material Contract HTML 81K
7: EX-10.Z Material Contract HTML 110K
8: EX-21 Subsidiaries List HTML 108K
9: EX-23 Consent of Experts or Counsel HTML 57K
10: EX-24.A Power of Attorney HTML 67K
14: EX-99.C Miscellaneous Exhibit HTML 57K
11: EX-31.A Certification -- §302 - SOA'02 HTML 60K
12: EX-31.B Certification -- §302 - SOA'02 HTML 60K
13: EX-32 Certification -- §906 - SOA'02 HTML 55K
20: R1 Cover Page HTML 138K
139: R2 Statement of Earnings (Loss) HTML 210K
158: R3 Statement of Financial Position HTML 213K
93: R4 Statement of Financial Position (Parenthetical) HTML 72K
21: R5 Statement of Cash Flows HTML 274K
141: R6 Statement of Comprehensive Income (Loss) HTML 102K
160: R7 Statement of Changes in Shareholders' Equity HTML 138K
91: R8 Basis of Presentation and Summary of Significant HTML 116K
Accounting Policies
27: R9 Businesses Held for Sale and Discontinued HTML 237K
Operations
146: R10 Investment Securities HTML 111K
170: R11 Current and Long-Term Receivables HTML 156K
105: R12 Financing Receivables and Allowances HTML 124K
41: R13 Inventories HTML 60K
147: R14 Property, Plant and Equipment and Operating Leases HTML 150K
171: R15 Goodwill and Other Intangible Assets HTML 140K
106: R16 Contract and Other Deferred Assets & Progress HTML 183K
Collections and Deferred Income
42: R17 All Other Assets HTML 73K
144: R18 Borrowings HTML 145K
174: R19 Insurance Liabilities and Annuity Benefits HTML 116K
67: R20 Postretirement Benefit Plans HTML 436K
48: R21 Current and All Other Liabilities HTML 89K
112: R22 Income Taxes HTML 239K
183: R23 Shareholders? Equity HTML 136K
68: R24 Share-Based Compensation HTML 119K
49: R25 Earnings Per Share Information HTML 113K
113: R26 Other Income HTML 73K
184: R27 Fair Value Measurements HTML 152K
71: R28 Financial Instruments HTML 218K
45: R29 Variable Interest Entities HTML 58K
36: R30 Commitments, Guarantees, Product Warranties and HTML 117K
Other Loss Contingencies
102: R31 Cash Flows Information HTML 154K
177: R32 Intercompany Transactions HTML 102K
151: R33 Operating Segments HTML 325K
35: R34 Guarantor Financial Information HTML 448K
101: R35 Baker Hughes Summarized Financial Information HTML 68K
176: R36 Quarterly Information (Unaudited) HTML 159K
150: R37 Basis of Presentation and Summary of Significant HTML 188K
Accounting Policies (Policies)
38: R38 Businesses Held for Sale and Discontinued HTML 225K
Operations (Tables)
98: R39 Investment Securities (Tables) HTML 103K
63: R40 Current and Long-Term Receivables (Tables) HTML 196K
85: R41 Financing Receivables and Allowances (Tables) HTML 248K
189: R42 Inventories (Tables) HTML 62K
118: R43 Property, Plant and Equipment and Operating Leases HTML 152K
(Tables)
59: R44 Goodwill and Other Intangible Assets (Tables) HTML 134K
82: R45 Contract and Other Deferred Assets & Progress HTML 178K
Collections and Deferred Income (Tables)
186: R46 All Other Assets (Tables) HTML 73K
115: R47 Borrowings (Tables) HTML 138K
64: R48 Insurance Liabilities and Annuity Benefits HTML 100K
(Tables)
80: R49 Postretirement Benefit Plans (Tables) HTML 422K
94: R50 Current and All Other Liabilities (Tables) HTML 89K
30: R51 Income Taxes (Tables) HTML 251K
128: R52 Shareholders? Equity (Tables) HTML 123K
154: R53 Share-Based Compensation (Tables) HTML 131K
96: R54 Earnings Per Share Information (Tables) HTML 111K
33: R55 Other Income (Tables) HTML 72K
130: R56 Fair Value Measurements (Tables) HTML 151K
156: R57 Financial Instruments (Tables) HTML 266K
97: R58 Commitments, Guarantees, Product Warranties and HTML 67K
Other Loss Contingencies (Tables)
29: R59 Cash Flows Information (Tables) HTML 152K
122: R60 Intercompany Transactions (Tables) HTML 98K
190: R61 Operating Segments (Tables) HTML 342K
74: R62 Guarantor Financial Information (Tables) HTML 628K
53: R63 Baker Hughes Summarized Financial Information HTML 66K
(Tables)
127: R64 Quarterly Information (Unaudited) (Tables) HTML 158K
195: R65 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 56K
ACCOUNTING POLICIES - Revenues from Sale of
Services (Details)
79: R66 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 63K
ACCOUNTING POLICIES - Collaborative Arrangements
(Details)
58: R67 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 57K
ACCOUNTING POLICIES - Cash, Cash Equivalents and
Restricted Cash (Details)
120: R68 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 63K
ACCOUNTING POLICIES - Accounting Changes (Details)
197: R69 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 227K
OPERATIONS - Narrative (Details)
167: R70 INVESTMENT SECURITIES - Schedule of Investment HTML 84K
Securities (Details)
136: R71 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 120K
OPERATIONS - Financial Information for Assets and
Liabilities (Details)
28: R72 INVESTMENT SECURITIES - Narrative (Details) HTML 85K
92: R73 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 163K
OPERATIONS - Financial Information for
Discontinued Operations (Details)
162: R74 INVESTMENT SECURITIES - Contractual Maturities HTML 79K
(Details)
131: R75 CURRENT AND LONG-TERM RECEIVABLES - Schedule of HTML 92K
Current Receivables (Details)
22: R76 CURRENT AND LONG-TERM RECEIVABLES - Sales of GE HTML 63K
Current Customer Receivables, Narrative (Details)
86: R77 CURRENT AND LONG-TERM RECEIVABLES - Sales of GE HTML 72K
Current Customer Receivables (Details)
159: R78 CURRENT AND LONG-TERM RECEIVABLES - Schedule of HTML 68K
Long-term Receivables (Details)
140: R79 CURRENT AND LONG-TERM RECEIVABLES - Sales of GE HTML 57K
Long-Term Receivables, Narrative (Details)
165: R80 CURRENT AND LONG-TERM RECEIVABLES - Sales of GE HTML 66K
Long-term Receivables (Details)
135: R81 CURRENT AND LONG-TERM RECEIVABLES - Unconsolidated HTML 71K
Receivables Facilities (Details)
25: R82 CURRENT AND LONG-TERM RECEIVABLES - Consolidated HTML 71K
Securitization Entities (Details)
90: R83 FINANCING RECEIVABLES AND ALLOWANCES - Financing HTML 74K
Receivables, Net (Details)
164: R84 FINANCING RECEIVABLES AND ALLOWANCES - Net HTML 111K
Investment in Financing Leases (Details)
132: R85 FINANCING RECEIVABLES AND ALLOWANCES - Contractual HTML 70K
Maturities (Details)
24: R86 FINANCING RECEIVABLES AND ALLOWANCES - Narrative HTML 64K
(Details)
87: R87 Inventories (Details) HTML 60K
157: R88 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 119K
- Schedule of Property, Plant and Equipment and
Depreciable Lives (Details)
137: R89 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 75K
- Narrative (Details)
124: R90 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 68K
- Schedule of Noncancellable Future Rentals Due
(Details)
191: R91 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 62K
- Operating Lease Expense (Details)
76: R92 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 71K
- Maturity of Lease Liabilities (Details)
54: R93 PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASES HTML 62K
- Supplemental Information Related to Operating
Leases (Details)
125: R94 GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in HTML 86K
Goodwill Balances (Details)
194: R95 GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative HTML 109K
(Details)
77: R96 GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible HTML 71K
Assets Subject to Amortization (Details)
57: R97 GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated 5 HTML 64K
Year Amortization (Details)
121: R98 CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS HTML 74K
COLLECTIONS AND DEFERRED INCOME - Narrative
(Details)
198: R99 CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS HTML 135K
COLLECTIONS AND DEFERRED INCOME - Schedule of
Contract Assets (Details)
50: R100 CONTRACT AND OTHER DEFERRED ASSETS & PROGRESS HTML 92K
COLLECTIONS AND DEFERRED INCOME - Progress
Collections and Deferred Income (Details)
69: R101 All Other Assets (Details) HTML 80K
185: R102 BORROWINGS - Schedule of Borrowings (Details) HTML 109K
114: R103 BORROWINGS - Narrative (Details) HTML 120K
47: R104 BORROWINGS - Maturities of Borrowings (Details) HTML 82K
66: R105 INSURANCE LIABILITIES AND ANNUITY BENEFITS - HTML 92K
Schedule of Investment Contracts, Insurance
Liabilities and Insurance Annuity Benefits
(Details)
182: R106 INSURANCE LIABILITIES AND ANNUITY BENEFITS - HTML 107K
Narrative (Details)
111: R107 POSTRETIREMENT BENEFIT PLANS - Pension Benefits HTML 103K
and Retiree Health and Life Benefits (Details)
44: R108 POSTRETIREMENT BENEFIT PLANS - Cost of Benefits HTML 124K
Plans and Assumptions (Details)
70: R109 POSTRETIREMENT BENEFIT PLANS - Plan Funded Status HTML 179K
and Amounts Recorded in Accumulated Other
Comprehensive Income (Loss) (Details)
100: R110 POSTRETIREMENT BENEFIT PLANS - Composition of Plan HTML 98K
Assets, Pension Plans (Details)
34: R111 POSTRETIREMENT BENEFIT PLANS - Composition of Plan HTML 67K
Assets, Pension Plans (Narrative) (Details)
149: R112 POSTRETIREMENT BENEFIT PLANS - Asset Allocation HTML 82K
(Details)
175: R113 POSTRETIREMENT BENEFIT PLANS - Asset Allocation HTML 60K
(Narrative) (Details)
103: R114 POSTRETIREMENT BENEFIT PLANS - Funding Policy HTML 80K
(Details)
37: R115 POSTRETIREMENT BENEFIT PLANS - Estimated Future HTML 75K
Benefit Payments, Benefit Plans (Details)
152: R116 POSTRETIREMENT BENEFIT PLANS - Defined HTML 54K
Contribution Plan (Details)
178: R117 POSTRETIREMENT BENEFIT PLANS - Cost of HTML 95K
Postretirement Benefit Plans and Changes in Other
Comprehensive Income (Details)
99: R118 Current and All Other Liabilities (Details) HTML 117K
39: R119 INCOME TAXES - Narrative (Details) HTML 100K
108: R120 Income Taxes - (Benefit) Provision for Income HTML 68K
Taxes (Details)
180: R121 Income Taxes - Consolidated Earnings (Loss) from HTML 62K
Continuing Operations Before Income Taxes
(Details)
72: R122 INCOME TAXES - Consolidated (Benefit) Provision HTML 73K
for Income Taxes (Details)
51: R123 INCOME TAXES - Income Taxes Paid (Recovered) HTML 59K
(Details)
109: R124 INCOME TAXES - Reconciliation of U.S. Federal HTML 103K
Statutory Income Tax Rate to Actual Income Tax
Rate (Details)
181: R125 INCOME TAXES - Unrecognized Tax Benefits (Details) HTML 70K
73: R126 INCOME TAXES - Unrecognized Tax Benefits HTML 76K
Reconciliation (Details)
52: R127 INCOME TAXES - Components of Net Deferred Income HTML 139K
Tax Assets (Liability) (Details)
110: R128 SHAREHOLDERS? EQUITY - Schedule of Shareowners' HTML 126K
Equity (Details)
179: R129 SHAREHOLDERS? EQUITY - Narrative (Details) HTML 132K
172: R130 SHARE-BASED COMPENSATION - Narrative (Details) HTML 99K
148: R131 SHARE-BASED COMPENSATION - Weighted Average Grant HTML 63K
Date Fair Value (Details)
43: R132 SHARE-BASED COMPENSATION - Stock-Based HTML 164K
Compensation Activity (Details)
107: R133 SHARE-BASED COMPENSATION - Schedule of HTML 71K
Compensation Expense, Cash Proceeds and Intrinsic
Value (Details)
169: R134 Earnings Per Share Information (Details) HTML 146K
145: R135 Other Income (Details) HTML 101K
40: R136 FAIR VALUE MEASUREMENTS - Assets and Liabilities HTML 105K
Measured at Fair Value on Recurring Basis
(Details)
104: R137 FAIR VALUE MEASUREMENTS - Schedule of Level 3 HTML 75K
Instruments (Details)
173: R138 FAIR VALUE MEASUREMENTS - Assets Measured at Fair HTML 73K
Value on Nonrecurring Basis (Details)
143: R139 FAIR VALUE MEASUREMENTS - Narrative (Details) HTML 76K
193: R140 FINANCIAL INSTRUMENTS - Assets and Liabilities Not HTML 66K
Carried at Fair Value (Details)
126: R141 FINANCIAL INSTRUMENTS - Derivatives and Hedging HTML 58K
(Details)
56: R142 FINANCIAL INSTRUMENTS - Fair Value of Derivatives HTML 131K
(Details)
78: R143 FINANCIAL INSTRUMENTS - Fair Value Hedges HTML 59K
(Details)
192: R144 FINANCIAL INSTRUMENTS - Cash Flow Hedges (Details) HTML 65K
123: R145 FINANCIAL INSTRUMENTS - Net Investment Hedges HTML 69K
(Details)
55: R146 FINANCIAL INSTRUMENTS - Effects of Derivative HTML 113K
Financial Instruments (Details)
75: R147 FINANCIAL INSTRUMENTS - Counterparty Credit Risk HTML 61K
(Details)
196: R148 VARIABLE INTEREST ENTITIES - Narrative (Details) HTML 71K
119: R149 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 89K
OTHER LOSS CONTINGENCIES - Commitments (Details)
133: R150 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 69K
OTHER LOSS CONTINGENCIES - Guarantees (Details)
163: R151 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 62K
OTHER LOSS CONTINGENCIES - Product Warranties Roll
Forward (Details)
88: R152 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 68K
OTHER LOSS CONTINGENCIES - WMC Legal Matters
(Details)
23: R153 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 77K
OTHER LOSS CONTINGENCIES - Alstom Legacy Legal
Matters (Details)
134: R154 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 75K
OTHER LOSS CONTINGENCIES - Shareholder and Related
Lawsuits (Details)
166: R155 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 59K
OTHER LOSS CONTINGENCIES - Bank BPH (Details)
89: R156 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 63K
OTHER LOSS CONTINGENCIES - Environmental, Health
and Safety Matters (Details)
26: R157 CASH FLOWS INFORMATION - GE Cash Flows Information HTML 114K
(Details)
142: R158 CASH FLOWS INFORMATION - GE Cash Flows Information HTML 61K
(Footnotes) (Details)
161: R159 CASH FLOWS INFORMATION - GE Capital Cash Flows HTML 117K
Information (Details)
83: R160 Intercompany Transactions (Details) HTML 90K
61: R161 OPERATING SEGMENTS - Reconciliation of Revenues HTML 90K
(Details)
116: R162 OPERATING SEGMENTS - Equipment and Services HTML 79K
Revenues Classification (Details)
187: R163 OPERATING SEGMENTS - Segment Revenues (Details) HTML 101K
84: R164 OPERATING SEGMENTS - Narrative (Details) HTML 81K
62: R165 OPERATING SEGMENTS - Remaining Performance HTML 74K
Obligation (Details)
117: R166 OPERATING SEGMENTS - Reconciliation of Profit and HTML 135K
Earnings (Details)
188: R167 OPERATING SEGMENTS - Reconciliation of Interest HTML 64K
and Income Taxes (Details)
81: R168 OPERATING SEGMENTS - Reconciliation of Assets, HTML 99K
Property, Plant and Equipment Additions and
Depreciation and Amortization (Details)
65: R169 OPERATING SEGMENTS - Assets by Geographic Area HTML 71K
(Details)
32: R170 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 214K
Consolidating Statement of Earnings (Loss) and
Comprehensive Income (Loss) (Details)
95: R171 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 110K
Consolidating Statement of Financial Position
(Details)
155: R172 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 111K
Consolidating Statement of Cash Flows (Details)
129: R173 Baker Hughes Summarized Financial Information HTML 105K
(Details)
31: R174 Quarterly Information (Unaudited) (Details) HTML 149K
168: XML IDEA XML File -- Filing Summary XML 376K
46: XML XBRL Instance -- ge10-k2019_htm XML 13.14M
153: EXCEL IDEA Workbook of Financial Reports XLSX 288K
16: EX-101.CAL XBRL Calculations -- ge-20191231_cal XML 703K
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138: JSON XBRL Instance as JSON Data -- MetaLinks 987± 1.54M
60: ZIP XBRL Zipped Folder -- 0000040545-20-000009-xbrl Zip 1.14M
| Exhibit |
Grant
Date | PSUs Granted | Restriction Lapse Dates |
1,500,000 | December 31, 2020 (with respect to 50% of the PSUs) and December 31, 2021 (with respect to 50% of the PSUs), subject to the terms and conditions set forth below. | |
1. | Grant.
The Management Development and Compensation Committee (“Committee”) of the Board of Directors of General Electric Company (“Company”) has granted the above number of Performance Stock Units (“PSUs”) to the individual named in this grant agreement (“Grantee”). Each PSU entitles the Grantee to receive from the Company (i) one share of General Electric Company common stock, par value $0.06 per share (“Common Stock”), and (ii) cash payments based on dividends paid to shareholders of such stock, for each PSU for which the restrictions set forth in paragraph 3 (including subparagraph 3.1) lapse in accordance with their terms as set forth in this Grant Agreement, the GE 2007 Long-Term Incentive Plan (“Plan”) and any rules or procedures adopted by the Committee. |
2. | Dividend
Equivalents. Until such time as the following restrictions lapse, or the PSUs are cancelled, whichever occurs first, the Company will establish an amount to be paid to the Grantee (“Dividend Equivalent”) equal to the number of PSUs subject to restriction times the per share quarterly dividend payments made to shareholders of the Company’s Common Stock. The Company shall accumulate Dividend Equivalents and will pay the Grantee a cash amount equal to the Dividend Equivalents accumulated and unpaid as of the date that restrictions lapse (without interest). Such amount shall be paid with respect to each share on the same date that such share is delivered as set forth in paragraph 4. Notwithstanding
the foregoing, any accumulated and unpaid Dividend Equivalents attributable to PSUs that are cancelled |
3. | Restrictions/Performance Goals. On each Restriction Lapse Date, the requirement to remain continuously employed by the Company and its Affiliates (as defined below) shall lapse with
respect to 50% of the total number of PSUs specified in this Grant Agreement, as further subject to and adjusted based on performance as set forth in subparagraph 3.1 (“Adjusted PSUs”). PSUs for which the requirement to remain employed has not lapsed shall be immediately cancelled upon termination of employment, except as follows: |
a. | Employment Termination Due to Death or Disability. If the Grantee’s employment with the Company and its Affiliates (as defined below) terminates as a result of the Grantee’s death or disability, then a pro-rata portion of each PSU shall lapse as if the
target described in subparagraph 3.1 were met. The pro-rata portion of each PSU shall be based upon the number of days employed during the relevant service period for such PSU, as described in subparagraph 3.1. Each such PSU will be paid to the Grantee’s estate (in the event of death) or Grantee (in the event of disability) within 30 days following the Grantee’s death or disability. For this purpose, “disability” means the inability to perform any job for which the Grantee is reasonably suited by means of education, training or experience. |
b. | Voluntary Termination or Termination for Cause. If the Grantee's employment with the
Company and its Affiliates (as defined below) is voluntarily terminated by the Grantee (and is not due to disability under subparagraph 3(a) above) or is involuntarily terminated by the Company and its Affiliates (as defined below) for cause, then all remaining PSUs for which the requirement to remain employed has not lapsed shall be immediately cancelled. For this purpose, “cause” shall be determined by the Company in its sole discretion, and may include a violation of a Company policy and/or code of conduct. |
c. | Termination
Due to Other Reasons. If the Grantee’s employment with the Company and its Affiliates (as defined below) terminates for any other reason, and the Grantee and the Company have not entered into a written agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then the PSUs for which the requirement to remain employed has not lapsed shall be immediately cancelled. |
d. | Affiliate.
For purposes of this Grant Agreement, “Affiliate” shall have the meaning set forth in the Plan. That is, an “Affiliate” shall mean (i) any entity that, directly or indirectly, is owned 50% or more by the Company and thereby deemed under its control and (ii) any entity in which the Company has a significant equity interest as determined by the Committee. Transfer of employment among the Company and its Affiliates is not a termination of employment for purposes of this Grant. |
e. | Vesting.
The Committee or its delegates may modify the vesting of any PSUs in its discretion, consistent with applicable law. |
a. | 40% of the PSUs (600,000) shall be contingent and adjusted based on achievement of the following goals for the March 19, 2019 to December
31, 2021 performance period: |
i. | If the Company’s Total Shareowner Percentage Return (“TSR”) is equal to the 55th percentile (“target”) of the Total Shareowner Percentage Return for companies in the S&P 500 (“S&P 500 TSR”), then 100% of such PSUs shall be eligible for the lapse of restrictions. |
ii. | If the
Company TSR is equal to the 35th percentile (“threshold”) of the S&P 500 TSR, then one-quarter (25%) of such PSUs shall be eligible for the lapse of restrictions. All such PSUs shall be cancelled if Company TSR is less than Threshold performance. |
iii. | If the Company TSR is equal to or exceeds the 80th percentile (“maximum”) of the S&P 500 TSR, then such PSUs to be eligible for the lapse of restrictions shall be adjusted upward by 75% (175%). |
iv. | In
the event that the Grantee remains employed with the Company through December 31, 2020, he shall be eligible for 25% of the PSUs granted pursuant to this Section 3.1(a) (i.e., 150,000 PSUs at target), subject to determination by the Committee of the satisfaction of the performance conditions mentioned above; if the Grantee remains |
b. | 60% of the PSUs (900,000) shall be contingent and adjusted based on achievement of the goals for the Aviation business under the Company’s Annual Executive Incentive Plan (“AEIP”) as follows: |
i. | The
adjustment for one-third of such PSUs (300,000) shall correspond to the actual funding percentage (as may be adjusted by the Committee under the terms of the AEIP), for Aviation’s AEIP bonus pool for January 1, 2019 to December 31, 2019. |
ii. | The adjustment for one-third of such PSUs (300,000) shall correspond to the actual funding percentage (as may be adjusted by the Committee under the terms of the AEIP), for Aviation’s AEIP bonus pool for January 1, 2020 to December 31, 2020.
|
iii. | The adjustment for one-third of such PSUs (300,000) shall correspond to the actual funding percentage (as may be adjusted by the Committee under the terms of the AEIP), for Aviation’s AEIP bonus pool for January 1, 2021 to December 31, 2021. |
iv. | In the event that the Grantee remains employed with
the Company through December 31, 2020, he shall be eligible for the PSUs granted pursuant to Sections 3.1(b)(i) and (ii) above, subject to determination of the satisfaction of the performance conditions mentioned above by the Committee. In the event that the Grantee remains employed with the Company through December 31, 2021, he shall be eligible for the PSUs granted pursuant to Section 3.1(b)(iii) above, subject to determination of the satisfaction of the performance conditions mentioned above by the Committee. |
4. | Delivery and Withholding Tax. Except in the event of death or disability as described in subparagraph 3(a), as soon as practicable following the applicable Restriction Lapse Date, but in no event later than March 15, 2021, with respect to the PSUs described in Sections 3.1(b)(i) and (ii), and no later than March 15, 2022 with respect to the other PSUs described in this Grant Agreement, the Company shall deliver such number shares of
GE common stock underlying the Adjusted PSUs for which restrictions have lapsed in accordance with the terms in paragraphs 3 and 3.1, to the Grantee electronically through the Grantee’s brokerage account or in another manner determined by the Company; provided however, that the date of issuance or delivery may be postponed by the Company for such period as may be required for it with reasonable diligence to comply with any applicable listing requirements of any national securities exchange and requirements under any law or regulation applicable to the issuance or transfer of such shares. Further, the Grantee shall pay to or reimburse the Company, through the broker selected by the
Company, for any federal, state, local or foreign taxes required to be withheld and paid over by it, at such time and upon such terms and conditions as the Company may prescribe before the Company shall be required to deliver such shares. |
5. | Alteration/Termination. Under the express terms of this Grant Agreement, the Company shall have the right at any time in its sole discretion to amend, alter, suspend, discontinue or terminate
any PSUs without the consent of the Grantee. Furthermore, the PSUs provided under this Grant Agreement shall be subject to the Company’s policy with respect to the compensation recoupment, in effect as of the date of this Grant Agreement and as amended from time to time. Also, the PSUs shall be null and void to the extent the grant of PSUs or the lapse of restrictions thereon is prohibited under the laws of the country of residence of the Grantee. |
6. | Plan Terms. All terms used in this Grant have the same meaning as given such terms in the Plan, a copy of which will be furnished upon request. This
Grant Agreement is subject to the terms and provisions of the Plan, which are incorporated by reference. |
7. | Section 409A. This Grant Agreement shall be construed and administered consistently with the intent that the PSUs described herein be exempt from the requirements
of Section 409A of the Code (“Section 409A”) and any state law of similar effect (i.e., applying the “short-term deferral” rule described in Treas. Reg. § 1.409A-1(b)(4) and/or another exemption). To the extent such laws apply, the Grant Agreement shall be construed and administered consistently with the requirements thereof to avoid taxes thereunder. Consistent therewith, where the Grant Agreement specifies a window during which a payment may be made, the payment date within such window shall be determined by the Employer in its sole discretion. |
8. | Entire Agreement. This Grant Agreement, the Plan, and any rules and procedures adopted by the Committee contain
all of the provisions applicable to the PSUs and no other statements, documents or practices may modify, waive or alter such provisions unless expressly set forth in writing, signed by an authorized officer of the Company and delivered to the Grantee. |
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 3/15/22 | ||||
| 12/31/21 | ||||
| 3/15/21 | ||||
| 1/1/21 | ||||
| 12/31/20 | ||||
| Filed on: | 2/24/20 | |||
| 1/1/20 | ||||
| For Period end: | 12/31/19 | 11-K, 13F-HR, 4, SD | ||
| 12/23/19 | ||||
| 3/19/19 | 4 | |||
| 1/1/19 | 3 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/02/24 General Electric Co. 10-K 12/31/23 192:25M 2/10/23 General Electric Co. 10-K 12/31/22 197:29M 2/11/22 General Electric Co. 10-K 12/31/21 184:29M 2/12/21 General Electric Co. 10-K 12/31/20 198:32M 2/11/21 General Electric Co. 424B5 1:331K Command Financial 2/11/21 General Electric Co. POSASR 2/11/21 4:333K Command Financial |