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As Of Filer Filing For·On·As Docs:Size 2/26/19 General Electric Co 10-K 12/31/18 227:39M |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 2.93M 2: EX-4.I Instrument Defining the Rights of Security Holders HTML 67K 3: EX-10.AA Material Contract HTML 80K 4: EX-10.BB Material Contract HTML 116K 5: EX-10.CC Material Contract HTML 113K 6: EX-10.G Material Contract HTML 79K 7: EX-10.L Material Contract HTML 141K 8: EX-10.R Material Contract HTML 83K 9: EX-10.Z Material Contract HTML 161K 10: EX-21 Subsidiaries List HTML 127K 11: EX-23 Consent of Experts or Counsel HTML 68K 12: EX-24 Power of Attorney HTML 78K 16: EX-95 Mine-Safety Disclosure HTML 71K 17: EX-99.C Miscellaneous Exhibit HTML 67K 13: EX-31.A Certification -- §302 - SOA'02 HTML 70K 14: EX-31.B Certification -- §302 - SOA'02 HTML 70K 15: EX-32 Certification -- §906 - SOA'02 HTML 66K 24: R1 Document and Entity Information HTML 98K 25: R2 Statement of Earnings (Loss) HTML 230K 26: R3 Consolidated Statement of Comprehensive Income HTML 114K (Loss) 27: R4 Statement of Financial Position HTML 250K 28: R5 Statement of Financial Position (Parenthetical) HTML 122K 29: R6 Statement of Cash Flows HTML 276K 30: R7 Statement of Cash Flows (Parenthetical) HTML 64K 31: R8 Basis of Presentation and Summary of Significant HTML 161K Accounting Policies 32: R9 Businesses Held for Sale and Discontinued HTML 138K Operations 33: R10 Investment Securities HTML 125K 34: R11 Current Receivables HTML 112K 35: R12 Inventories HTML 72K 36: R13 Ge Capital Financing Receivables and Allowance for HTML 120K Losses on Financing Receivables 37: R14 Property, Plant and Equipment HTML 123K 38: R15 Acquisitions, Goodwill and Other Intangible Assets HTML 234K 39: R16 Revenues HTML 236K 40: R17 Contract & Other Deferred Assets and Progress HTML 210K Collections & Deferred Income 41: R18 Borrowings HTML 168K 42: R19 Investment Contracts, Insurance Liabilities and HTML 144K Insurance Annuity Benefits 43: R20 Postretirement Benefit Plans HTML 456K 44: R21 Income Taxes HTML 254K 45: R22 Shareowners? Equity HTML 200K 46: R23 Other Stock-Related Information HTML 108K 47: R24 Earnings Per Share Information HTML 129K 48: R25 Other Income HTML 84K 49: R26 Fair Value Measurements HTML 212K 50: R27 Financial Instruments HTML 252K 51: R28 Variable Interest Entities HTML 148K 52: R29 Commitments, Guarantees, Product Warranties and HTML 119K Other Loss Contingencies 53: R30 Cash Flows Information HTML 164K 54: R31 Intercompany Transactions HTML 114K 55: R32 Operating Segments HTML 252K 56: R33 Cost Information HTML 150K 57: R34 Guarantor Financial Information HTML 480K 58: R35 Quarterly Information (Unaudited) HTML 170K 59: R36 Basis of Presentation and Summary of Significant HTML 205K Accounting Policies (Policies) 60: R37 Businesses Held for Sale and Discontinued HTML 139K Operations (Tables) 61: R38 Investment Securities (Tables) HTML 115K 62: R39 Current Receivables (Tables) HTML 113K 63: R40 Inventories (Tables) HTML 73K 64: R41 Ge Capital Financing Receivables and Allowance for HTML 158K Losses on Financing Receivables (Tables) 65: R42 Property, Plant and Equipment (Tables) HTML 123K 66: R43 Acquisitions, Goodwill and Other Intangible Assets HTML 226K (Tables) 67: R44 Revenues (Tables) HTML 230K 68: R45 Contract & Other Deferred Assets and Progress HTML 205K Collections & Deferred Income (Tables) 69: R46 Borrowings (Tables) HTML 168K 70: R47 Investment Contracts, Insurance Liabilities and HTML 123K Insurance Annuity Benefits (Tables) 71: R48 Postretirement Benefit Plans (Tables) HTML 452K 72: R49 Income Taxes (Tables) HTML 266K 73: R50 Shareowners? Equity (Tables) HTML 192K 74: R51 Other Stock-Related Information (Tables) HTML 116K 75: R52 Earnings Per Share Information (Tables) HTML 127K 76: R53 Other Income (Tables) HTML 83K 77: R54 Fair Value Measurements (Tables) HTML 217K 78: R55 Financial Instruments (Tables) HTML 316K 79: R56 Variable Interest Entities (Tables) HTML 142K 80: R57 Commitments, Guarantees, Product Warranties and HTML 87K Other Loss Contingencies (Tables) 81: R58 Cash Flows Information (Tables) HTML 161K 82: R59 Intercompany Transactions (Tables) HTML 107K 83: R60 Operating Segments (Tables) HTML 254K 84: R61 Cost Information (Tables) HTML 151K 85: R62 Guarantor Financial Information (Tables) HTML 472K 86: R63 Quarterly Information (Unaudited) (Tables) HTML 169K 87: R64 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 64K ACCOUNTING POLICIES - Financial Statement Presentation (Details) 88: R65 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 68K ACCOUNTING POLICIES - Revenues from Sale of Services (Details) 89: R66 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT HTML 143K ACCOUNTING POLICIES - Accounting Changes (Details) 90: R67 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 95K OPERATIONS - Narrative (Details) 91: R68 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 120K OPERATIONS - Financial Information for Assets and Liabilities of Businesses Held for Sale (Details) 92: R69 BUSINESSES HELD FOR SALE AND DISCONTINUED HTML 160K OPERATIONS - Financial Information for Discontinued Operations (Details) 93: R70 INVESTMENT SECURITIES - Schedule of Investment HTML 117K Securities (Details) 94: R71 INVESTMENT SECURITIES - Narrative (Details) HTML 89K 95: R72 INVESTMENT SECURITIES - Contractual Maturities HTML 89K (Details) 96: R73 CURRENT RECEIVABLES - Schedule of Current HTML 119K Receivables (Details) 97: R74 CURRENT RECEIVABLES - Sale of GE Current HTML 76K Receivables (Details) 98: R75 CURRENT RECEIVABLES - Receivables Facilities HTML 83K (Details) 99: R76 CURRENT RECEIVABLES - Sold to Others (Details) HTML 67K 100: R77 Inventories (Details) HTML 73K 101: R78 GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR HTML 79K LOSSES ON FINANCING RECEIVABLES - Financing Receivables, Net (Details) 102: R79 GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR HTML 111K LOSSES ON FINANCING RECEIVABLES - Net Investment in Financing Leases (Details) 103: R80 GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR HTML 83K LOSSES ON FINANCING RECEIVABLES - Contractual Maturities (Details) 104: R81 GE CAPITAL FINANCING RECEIVABLES AND ALLOWANCE FOR HTML 90K LOSSES ON FINANCING RECEIVABLES - Narrative (Details) 105: R82 PROPERTY, PLANT AND EQUIPMENT - Schedule of HTML 121K Property, Plant and Equipment and Depreciable Lives (Details) 106: R83 PROPERTY, PLANT AND EQUIPMENT - Narrative HTML 72K (Details) 107: R84 PROPERTY, PLANT AND EQUIPMENT - Schedule of HTML 78K Noncancellable Future Rentals Due (Details) 108: R85 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 85K - Acquisitions (Details) 109: R86 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 119K - Baker Hughes (Details) 110: R87 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 72K - Purchase Price (Details) 111: R88 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 137K - Identifiable Assets Acquired and Liabilities Assumed (Details) 112: R89 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 102K - Fair Value of Intangible Assets and Useful Lives in the Preliminary Purchase Price Allocation (Details) 113: R90 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 107K - Changes in Goodwill Balances (Details) 114: R91 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 104K - Goodwill, Narrative (Details) 115: R92 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 70K - Other Intangible Assets - Net (Details) 116: R93 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 87K - Intangible Assets Subject to Amortization (Details) 117: R94 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 80K - Other Intangible Assets, Narrative (Details) 118: R95 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 75K - Estimated 5 Year Amortization (Details) 119: R96 ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS HTML 79K - Components of Finite-Lived Intangible Assets Acquired (Details) 120: R97 REVENUES - Disaggregated Equipment and Services HTML 105K Revenues (Details) 121: R98 REVENUES - Sub-Segment Revenues (Details) HTML 165K 122: R99 REVENUES - Remaining Performance Obligation HTML 69K (Details) 123: R100 REVENUES - Remaining Performance Obligation HTML 85K (Percentage and Period) (Details) 124: R101 CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS HTML 131K COLLECTIONS & DEFERRED INCOME - Schedule of Contract Assets (Details) 125: R102 CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS HTML 82K COLLECTIONS & DEFERRED INCOME - Narrative (Details) 126: R103 CONTRACT & OTHER DEFERRED ASSETS AND PROGRESS HTML 106K COLLECTIONS & DEFERRED INCOME - Progress Collections and Deferred Income (Details) 127: R104 BORROWINGS - Schedule of Borrowings (Details) HTML 179K 128: R105 BORROWINGS - Narrative (Details) HTML 67K 129: R106 BORROWINGS - Maturities of Borrowings (Details) HTML 95K 130: R107 INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND HTML 102K INSURANCE ANNUITY BENEFITS - Schedule of Investment Contracts, Insurance Liabilities and Insurance Annuity Benefits (Details) 131: R108 INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND HTML 135K INSURANCE ANNUITY BENEFITS - Narrative (Details) 132: R109 INVESTMENT CONTRACTS, INSURANCE LIABILITIES AND HTML 75K INSURANCE ANNUITY BENEFITS - Reinsurance Recoverables, Net (Details) 133: R110 POSTRETIREMENT BENEFIT PLANS - Pension Benefits HTML 79K (Details) 134: R111 POSTRETIREMENT BENEFIT PLANS - Cost of Pension HTML 96K Plans (Details) 135: R112 POSTRETIREMENT BENEFIT PLANS - Assumptions Used to HTML 73K Measure Pension Benefit Obligations (Details) 136: R113 POSTRETIREMENT BENEFIT PLANS - Assumptions Used to HTML 73K Measure Pension Cost (Details) 137: R114 POSTRETIREMENT BENEFIT PLANS - Assumptions Used in HTML 72K Pension Calculations (Details) 138: R115 POSTRETIREMENT BENEFIT PLANS - Funded Status, HTML 77K Pension Plans (Details) 139: R116 POSTRETIREMENT BENEFIT PLANS - Projected Benefit HTML 98K Obligation (Pbo) (Details) 140: R117 POSTRETIREMENT BENEFIT PLANS - Composition of Plan HTML 108K Assets, Pension Plans (Details) 141: R118 POSTRETIREMENT BENEFIT PLANS - Composition of Plan HTML 85K Assets, Pension Plans (Narrative) (Details) 142: R119 POSTRETIREMENT BENEFIT PLANS - Fair Value of Plan HTML 90K Assets, Pension Plans (Details) 143: R120 POSTRETIREMENT BENEFIT PLANS - Asset Allocation, HTML 93K Pension Plans (Details) 144: R121 POSTRETIREMENT BENEFIT PLANS - Amounts Included in HTML 76K Shareowners' Equity, Pension Plans (Details) 145: R122 POSTRETIREMENT BENEFIT PLANS - Amounts Included in HTML 79K Shareowners' Equity, Pension Plans (Narrative) (Details) 146: R123 POSTRETIREMENT BENEFIT PLANS - Funding Policy, HTML 81K Pension Plans (Details) 147: R124 POSTRETIREMENT BENEFIT PLANS - Estimated Future HTML 81K Benefit Payments, Pension Plans (Details) 148: R125 POSTRETIREMENT BENEFIT PLANS - Defined HTML 65K Contribution Plan (Details) 149: R126 POSTRETIREMENT BENEFIT PLANS - Retiree Health and HTML 71K Life Benefits (Details) 150: R127 POSTRETIREMENT BENEFIT PLANS - Assumptions Used to HTML 75K Measure Benefit Obligations (Details) 151: R128 POSTRETIREMENT BENEFIT PLANS - Assumptions Used to HTML 72K Measure Benefit Cost (Details) 152: R129 POSTRETIREMENT BENEFIT PLANS - Funded Status, HTML 74K Benefit Plans (Details) 153: R130 POSTRETIREMENT BENEFIT PLANS - Accumulated HTML 89K Postretirement Benefit Obligation (Details) 154: R131 POSTRETIREMENT BENEFIT PLANS - Composition of Plan HTML 71K Assets, Benefit Plans (Narrative) (Details) 155: R132 POSTRETIREMENT BENEFIT PLANS - Asset Allocation, HTML 83K Benefit Plans (Details) 156: R133 POSTRETIREMENT BENEFIT PLANS - Amounts Included in HTML 73K Shareowners' Equity, Benefit Plans (Details) 157: R134 POSTRETIREMENT BENEFIT PLANS - Amounts Included in HTML 75K Shareowners' Equity, Benefit Plans (Narrative) (Details) 158: R135 POSTRETIREMENT BENEFIT PLANS - Funding Policy, HTML 70K Benefit Plans (Details) 159: R136 POSTRETIREMENT BENEFIT PLANS - Estimated Future HTML 78K Benefit Payments, Benefit Plans (Details) 160: R137 POSTRETIREMENT BENEFIT PLANS - Cost of HTML 110K Postretirement Benefit Plans and Changes in Other Comprehensive Income (Details) 161: R138 INCOME TAXES - Narrative (Details) HTML 96K 162: R139 Income Taxes - (Benefit) Provision for Income HTML 80K Taxes (Details) 163: R140 Income Taxes - Consolidated Earnings (Loss) from HTML 72K Continuing Operations Before Income Taxes (Details) 164: R141 INCOME TAXES - Consolidated (Benefit) Provision HTML 83K for Income Taxes (Details) 165: R142 INCOME TAXES - Income Taxes Paid (Recovered) HTML 70K (Details) 166: R143 INCOME TAXES - Reconciliation of U.S. Federal HTML 109K Statutory Income Tax Rate to Actual Income Tax Rate (Details) 167: R144 INCOME TAXES - Unrecognized Tax Benefits (Details) HTML 80K 168: R145 INCOME TAXES - Unrecognized Tax Benefits HTML 80K Reconciliation (Details) 169: R146 INCOME TAXES - Components of Net Deferred Income HTML 147K Tax Assets (Liability) (Details) 170: R147 SHAREOWNERS? EQUITY - Schedule of Shareowners' HTML 261K Equity (Details) 171: R148 SHAREOWNERS? EQUITY - Shares of GE Preferred Stock HTML 105K (Details) 172: R149 SHAREOWNERS? EQUITY - Shares of GE Common Stock HTML 82K (Details) 173: R150 SHAREOWNERS? EQUITY - Schedule of Common Shares HTML 71K Issued and Outstanding (Details) 174: R151 SHAREOWNERS? EQUITY - Noncontrolling Interests, HTML 94K Narrative (Details) 175: R152 SHAREOWNERS? EQUITY - Changes to Noncontrolling HTML 86K Interests (Details) 176: R153 SHAREOWNERS? EQUITY - Redeemable Noncontrolling HTML 76K Interests, Narrative (Details) 177: R154 SHAREOWNERS? EQUITY - Changes to Redeemable HTML 89K Noncontrolling Interests (Details) 178: R155 SHAREOWNERS? EQUITY - Other (Details) HTML 71K 179: R156 OTHER STOCK-RELATED INFORMATION - Stock Options HTML 91K (Narrative) (Details) 180: R157 OTHER STOCK-RELATED INFORMATION - Restricted Stock HTML 68K (Narrative) (Details) 181: R158 OTHER STOCK-RELATED INFORMATION - Stock-Based HTML 155K Compensation Activity (Details) 182: R159 OTHER STOCK-RELATED INFORMATION - Schedule of HTML 82K Compensation Expense, Cash Proceeds and Intrinsic Value (Details) 183: R160 Earnings Per Share Information (Details) HTML 156K 184: R161 Other Income (Details) HTML 108K 185: R162 FAIR VALUE MEASUREMENTS - Assets and Liabilities HTML 115K Measured at Fair Value on Recurring Basis (Details) 186: R163 FAIR VALUE MEASUREMENTS - Schedule of Level 3 HTML 94K Instruments (Details) 187: R164 FAIR VALUE MEASUREMENTS - Assets Measured at Fair HTML 84K Value on Nonrecurring Basis (Details) 188: R165 FAIR VALUE MEASUREMENTS - Schedule of Fair Value HTML 74K Adjustments (Details) 189: R166 FAIR VALUE MEASUREMENTS - Level 3 Measurements - HTML 100K Significant Unobservable Inputs (Details) 190: R167 FAIR VALUE MEASUREMENTS - Narrative (Details) HTML 77K 191: R168 FINANCIAL INSTRUMENTS - Assets and Liabilities Not HTML 104K Carried at Fair Value (Details) 192: R169 FINANCIAL INSTRUMENTS - Notional Amount of Loan HTML 71K Commitments (Details) 193: R170 FINANCIAL INSTRUMENTS - Notional Amount of HTML 64K Derivatives (Details) 194: R171 FINANCIAL INSTRUMENTS - Fair Value of Derivatives HTML 161K (Details) 195: R172 FINANCIAL INSTRUMENTS - Effects of Derivatives on HTML 101K Earnings (Details) 196: R173 FINANCIAL INSTRUMENTS - Cash Flow Hedge Activity HTML 79K (Details) 197: R174 FINANCIAL INSTRUMENTS - Effects of Derivative on HTML 70K Earnings (Narrative) (Details) 198: R175 FINANCIAL INSTRUMENTS - Counterparty Credit Risk HTML 83K (Details) 199: R176 VARIABLE INTEREST ENTITIES - Narrative (Details) HTML 89K 200: R177 VARIABLE INTEREST ENTITIES - Schedule of Assets HTML 147K and Liabilities of Consolidated VIEs (Details) 201: R178 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 92K OTHER LOSS CONTINGENCIES - Commitments (Details) 202: R179 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 85K OTHER LOSS CONTINGENCIES - Guarantees (Details) 203: R180 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 75K OTHER LOSS CONTINGENCIES - Product Warranties Roll Forward (Details) 204: R181 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 97K OTHER LOSS CONTINGENCIES - WMC Legal Matters (Details) 205: R182 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 72K OTHER LOSS CONTINGENCIES - Reserve Roll Forward (Details) 206: R183 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 78K OTHER LOSS CONTINGENCIES - Alstom Legacy Matters (Details) 207: R184 COMMITMENTS, GUARANTEES, PRODUCT WARRANTIES AND HTML 65K OTHER LOSS CONTINGENCIES - Environmental, Health and Safety Matters (Details) 208: R185 CASH FLOWS INFORMATION - GE Cash Flows Information HTML 121K (Details) 209: R186 CASH FLOWS INFORMATION - GE Cash Flows Information HTML 85K (Footnotes) (Details) 210: R187 CASH FLOWS INFORMATION - GE Capital Cash Flows HTML 127K Information (Details) 211: R188 Intercompany Transactions (Details) HTML 97K 212: R189 OPERATING SEGMENTS - Reconciliation of Revenues HTML 114K (Details) 213: R190 OPERATING SEGMENTS - Narrative (Details) HTML 76K 214: R191 OPERATING SEGMENTS - Reconciliation of Profit and HTML 166K Earnings (Details) 215: R192 OPERATING SEGMENTS - Reconciliation of Assets, HTML 119K Property, Plant and Equipment Additions and Depreciation and Amortization (Details) 216: R193 OPERATING SEGMENTS - Reconciliation of Interest HTML 73K and Income Taxes (Details) 217: R194 COST INFORMATION - Research and Development HTML 115K Expense (Details) 218: R195 COST INFORMATION - Collaborative Arrangements HTML 73K (Details) 219: R196 COST INFORMATION - Rental Expense (Details) HTML 74K 220: R197 COST INFORMATION - Future Minimum Rental (Details) HTML 94K 221: R198 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 210K Consolidating Statement of Earnings (Loss) and Comprehensive Income (Loss) (Details) 222: R199 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 144K Consolidating Statement of Financial Position (Details) 223: R200 GUARANTOR FINANCIAL INFORMATION - Condensed HTML 136K Consolidating Statement of Cash Flows (Details) 224: R201 Quarterly Information (Unaudited) (Details) HTML 165K 226: XML IDEA XML File -- Filing Summary XML 433K 225: EXCEL IDEA Workbook of Financial Reports XLSX 328K 18: EX-101.INS XBRL Instance -- ge-20181231 XML 14.28M 20: EX-101.CAL XBRL Calculations -- ge-20181231_cal XML 734K 21: EX-101.DEF XBRL Definitions -- ge-20181231_def XML 3.24M 22: EX-101.LAB XBRL Labels -- ge-20181231_lab XML 5.04M 23: EX-101.PRE XBRL Presentations -- ge-20181231_pre XML 3.79M 19: EX-101.SCH XBRL Schema -- ge-20181231 XSD 547K 227: ZIP XBRL Zipped Folder -- 0000040545-19-000014-xbrl Zip 1.00M
Exhibit |
1. | Separation Date and Consideration/Other
Payments. |
a. | Separation Date. The Employee’s employment with the Company ended on September 30, 2018 (the “Separation Date”). |
b. | Severance Pay. The Company will pay the Employee severance
in the amount of $ 4,250,000.00, which will be paid in equal installments on the Company’s regular pay dates for the twelve-month period beginning on the first pay period following the Separation Date (this period is the “Severance Period”). During the Severance Period, the Employee must be available to provide reasonable transition assistance and answer questions related to his Company employment, subject to the provisions of the final sentence of Section 5. Severance Pay will not be considered as compensation under the Company’s benefit plans and, except to the extent specifically provided in this Agreement, no service credits will be awarded for the Severance Period. |
c. | Paid
Time Off. The Employee understands and agrees that the consideration provided in this Agreement includes any paid time off and that he will not receive any payment for unused or accrued paid time off of any kind. |
d. | Health Benefits. Following the Separation Date, the Employee can elect COBRA health care continuation coverage. If he timely does so, his cost for such coverage during the Severance Period will be the same amount as if he had remained actively employed, and such costs (premiums) will be deducted from any severance payments during the Severance Period. Following the Severance Period, the Employee
will be solely responsible for the full cost of COBRA coverage, which the Employee must pay directly to the COBRA Administrator. Except as otherwise provided in this paragraph, the Company’s regular COBRA rules and procedures will apply. |
e. | Life Insurance. The Company will discontinue premium payments on behalf of the Employee under the Executive Life Insurance Plan and/or Leadership Life Insurance Plan effective at the end of the current policy year. As these Policies are portable, they may be maintained solely
by the Employee in his discretion. |
f. | Stock Options. Any stock option grants the Employee has not held for at least one year as of the Separation Date will be cancelled. Any other options that would otherwise vest through December 31, 2020 will be vested as soon as practicable following the Separation Date. The Employee can exercise all vested options until the earlier of their expiration date(s) or December 31, 2020. |
g. | Restricted
Stock Units (RSUs). Any RSU grants the Employee has not held for at least one year as of the Separation Date will be cancelled. The restrictions on any other RSUs that would normally lapse through December 31, 2020 will lapse (i.e., those RSUs will be vested) as soon as practicable following the Separation Date. |
h. | Performance Stock Units (PSUs). With the exception of 5/12 of the February 2018 PSU grant, any PSU grants the Employee has not held for at least one year as of the Separation Date will be cancelled. The restrictions on 5/12 (333,333 units) of the February 2018 grant and any other outstanding
PSUs will remain eligible to lapse following the Separation Date, but the number of PSUs earned will be contingent upon satisfying the performance conditions set forth in such PSUs, and to the extent earned, will be payable in accordance with normal Company procedures. |
i. | Executive Deferred Salary Plans. Payments from any Executive Deferred Salary Plan in which the Employee participated will be made after the Separation Date in accordance with the rules of the Plan. A schedule of such estimated payments is attached as an Exhibit . |
j. | Deferred
Incentive Compensation/AEIP. Employee’s deferred Incentive Compensation and/or deferred AEIP, if any, will be paid out in accordance with the rules of the applicable program. A schedule of such estimated payments is attached as an Exhibit. |
k. | Allowance. The Employee will receive the Allowance described in the ALLOWANCE EXHIBIT to this Agreement and the Company agrees to the terms and conditions therein. |
l. | 2016-18
Long-Term Performance Award (LTPA). The Employee will be eligible to receive a pro rata payment under the 2016-18 LTPA Program equal to 33/36 of the award the Employee would have been eligible to receive if he remained employed during the entire award period. The payout will be based on factors set forth in the original performance award granted to the Employee and the payout, if any, will be paid at the end of the LTPA award period in accordance with the terms of the Program. |
m. | Company Car. The Employee represents that he has already turned in his Company-provided car to the
Company’s fleet services provider. |
n. | Financial Planner. The Employee may continue to avail himself of the services of a Company-paid financial planner until December 31, 2018 in accordance with the terms of the program. |
o. | Tax
Equalization. The GE tax equalization policy will continue to apply on any form of Employee compensation that is assignment-related or is otherwise taxable relating to or arising out of the Employee’s assignment activities on behalf of the Company. This includes equity gains accrued during the assignment period. A final tax equalization calculation must be prepared by the preferred global tax provider for each year (or part of a calendar year) in which assignment-related income was received by the Employee. In accordance with the Company’s tax equalization policy (which terms will control), during the tax equalization period, the Employee agrees: (a) to cooperate with the Company’s preferred global
tax provider to prepare the Employee’s home and host country income tax returns, at the Company’s expense, (b) to reimburse the Company for any refunds or payments from the tax authorities that are related to, or previously paid by, the Company under the Company’s tax equalization policy, (c) that any amounts the Company may owe the Employee, less any applicable social and income tax withholdings, will be paid to the Employee’s bank account, and (d) that any host country taxes that relate to the Employee remaining in the host country post the Separation Date
will be the sole obligation of the Employee. |
p. | Spin-Off. In connection with any spin-off or similar transaction involving any business of the Company or its affiliates, the Employee’s equity compensation and performance goals shall be adjusted consistent with other similarly situated former employees. |
q. | Indemnification.
The Company shall provide indemnification under its bylaws and D&O insurance to the Employee on terms not less favorably than for its current directors and officers. |
2. | Employee Acknowledgments and Representations. The Employee acknowledges, represents and agrees: |
a. | Receipt
of Wages and Benefits. Except as stated above, Employee agrees that he has received all wages and compensation due to him. He is not entitled to certain of the payments and benefits he is receiving under this Agreement, except as a result of his agreement to the terms herein. Employee agrees that those payments and benefits are sufficient consideration for this Agreement. |
b. | Taxes & Withholdings. All payments and benefits received under this Agreement are subject to applicable taxes and withholdings. |
c. | Time
to Review & Revoke. The Employee has 21 days to consider this Agreement, and his waiver of rights under the Age Discrimination in Employment Act, as amended, before signing it, and can revoke this Agreement within 7 days after signing it by sending written notice of that revocation to the Company’s Senior Vice-President, General Counsel (the day following this revocation period is the “Effective Date” of this Agreement). Employee also agrees that he has had the opportunity to consult with an attorney of his choice before signing it. |
d. | Disclosure
of Past and Present Claims. The Employee is not aware of (or has already disclosed to the Company orally or in writing) any conduct by the Company or any of the Releasees of which the Company is not otherwise aware that he has any reason to believe violates any domestic or foreign law or regulation or Company policy, or involves or may involve false claims to the United States. |
e. | Alternative Dispute Resolution.
The Employee agrees that his agreement to Solutions or any applicable prior internal Company alternative dispute resolution process (for purposes of this Agreement collectively called “Company ADR”) remains in effect. Employee further agrees to submit to the Company ADR any claims not released by this Agreement and covered by the Company ADR, or any claims that arise after the date the Employee signs this Agreement, to the maximum extent permitted by law, including but not limited to, disputes about the Agreement itself. The Employee understands he is giving up the right to a jury trial for such claims and that all such claims submitted to final and binding arbitration pursuant to the Company ADR will be decided solely
by an arbitrator. Employee may ask the Company’s Senior Vice-President, Human Resources for another copy of the Company ADR process. |
f. | Company’s Reliance on Employee Representations. The Employee understands that the Company is relying on the Employee’s representations and obligations contained in this Agreement, including but not limited to his Release of Claims. |
3. | Confidentiality
of Agreement. Unless compelled by law to do so, the Employee has not, and will not, discuss this Agreement with anyone other than his spouse, legal or financial advisor, or U.S. governmental officials who seek such information as part of their official duties. If a third-party requests or demands that the Employee disclose or produce this Agreement or any terms or conditions in it, the Employee will not take any action related to such request or subpoena without first notifying the Company and giving it a reasonable opportunity to respond. |
4. | Release of Claims. In return for
the consideration provided by this Agreement, the Employee, his heirs, assigns, and agents waive and release all waivable claims of any kind (whether known or unknown, and including those under the Age Discrimination in Employment Act (ADEA)) that the Employee may have against Releasees (defined below), which arise from or relate to his employment and/or the termination of his employment with the Company. The released/waived claims include, but are not limited to, any and all claims that Releasees discriminated, harassed or retaliated against the Employee on the basis of |
5. | Employee Availability. The Employee agrees to make himself reasonably available to the Company to respond to requests for information related to his employment with the Company. The Employee will fully cooperate with the Company in connection with existing |
6. | Non-Disparagement. The Employee agrees, subject to any obligations he may have under applicable law or legal process, that he will not make or cause to be made any statements or take any actions that disparage or in any way damage the reputation of the
Company or any of its affiliates, subsidiaries, officers, Senior Executives, directors or, as a group, employees. The Employee understands that nothing in this paragraph prevents him from disclosing statements, of any nature, regarding possible violations of law or regulation to government agencies or authorities or otherwise making such statements in response to legal action. |
7. | Return of Company Property. The Employee agrees that he has, or as of December 15, 2018 will have, returned to the
Company all Company property or equipment in his possession, including but not limited to: any documents (whether in electronic or hard copy), computer, computer related hardware, external data storage or other memory device, phone, tablet, printer, scanner, credit card, keys, and security badge assigned to him. The Employee agrees that as of the Separation Date he will have submitted the appropriate T&L expense reports for any expenses on his/her corporate credit card. |
8. | Confidential Information. The Employee acknowledges that the Employee Innovation and Proprietary Information Agreement (“EIPIA”) he signed will remain in full force and effect. The Employee understands
that nothing herein prevents the Employee from disclosing a trade secret or other confidential and proprietary information of the Company (“Confidential Information”) when reporting, in confidence, potential violations of law or regulation to U.S. government authorities, including but not limited to the Department of Justice and the Securities and Exchange Commission, or to a U.S. court. The Employee represents that he has not and will not copy, transfer or take any GE Confidential Information to any external storage device, external personal email or disclose in any other manner without written approval by the Company’s Senior Vice-President, General Counsel. GE Confidential Information includes but is not limited to documents and data containing work product that the Employee or others prepared
for the Company during his employment. Confidential Information does not include materials of a solely personal or social nature or documents that relate to Company-provided compensation or benefits received by the Employee or his dependents. If the Employee has any questions regarding what he can/cannot copy, transfer or take, he will raise those questions to the Company’s Senior Vice-President, General Counsel prior to signing this Agreement. If the Employee has previously copied, transferred or taken Confidential Information, he will tell the Company, permit the Company to retrieve such information in a forensically sound manner, and allow
and/or assist the Company, or its designee, to permanently delete the data from his personal computer or |
9. | Non-Solicitation.
Employee agrees that up until the Separation Date and continuing for two years following that date, he will not, without prior written approval from the Company’s Senior Vice-President, General Counsel: (a) directly or indirectly solicit or encourage any person who is an employee of the Company to terminate his or her employment relationship with, or accept any other employment outside of, the Company; (b) directly hire, or recommend or cause to be hired by an entity for which the Employee works, any person who is, or was within 12 months before or after the Separation Date, an employee of the Company; or (c) provide any non-public information
regarding an employee of the Company to any external person in connection with employment outside the Company, including, but not limited to, recruiters and prospective employers. Notwithstanding the foregoing, nothing herein shall prohibit Employee, on his own behalf or on behalf of others, from (a) soliciting or hiring employee’s pursuant to a generalized solicitation not targeted at Company employees, (b) serving as a reference to employees, or (c) soliciting or hiring anyone who was terminated by the Company in a Company initiated termination or a termination for the benefit for the Company. |
10. | Non-Competition.
The Employee agrees that for one year following the Separation Date, he will not, for or on behalf of himself or any person or entity with which he may become associated in any manner, whether as a partner, owner, employee, agent, consultant or otherwise, enter into or accept an employment position, provide services to, consult with, or engage in any other business arrangement with United Technologies, Siemens , Philips Healthcare, Canon/Toshiba, Merck, MilliporeSigma, Thermo-Fischer, Danaher or Honeywell. The parties agree that this Section 10 shall not prohibit the Employee from engaging in passive investments of not more than three percent (3%) of the outstanding shares of, or any other equity interest in, any company or entity listed or traded on a national securities exchange or in an over-the-counter securities market. |
11. | Breach
by Employee. The Company’s obligations to the Employee after the Effective Date are contingent on the Employee fulfilling his obligations under this Agreement. Employee acknowledges and agrees that any breach by him of the obligations under this Agreement inevitably would cause substantial and irreparable damage to the Company and its subsidiaries, for which money damages may not be an adequate remedy. Accordingly, Employee acknowledges and agrees that the Company will be entitled to an injunction and/or other equitable relief, without the necessity of posting security, to prevent the breach of such obligations. If
the Company proves a breach in court or arbitration, the Employee shall indemnify and hold the Company harmless from any loss, claim or damages, including without limitation all reasonable attorneys’ fees, costs and expenses incurred in enforcing its rights under this Agreement as well as repay all compensation and benefits (other than those already vested) paid as consideration under the terms of this Agreement, except to the extent that such reimbursement is prohibited by law or would result in the invalidation of the release above. |
12. | Severability
of Provisions. If a court or arbitrator holds that any provision in this Agreement is legally invalid or unenforceable, and cannot be modified to be enforceable, the affected provision will be stricken from the Agreement and the remaining terms of the Agreement and its enforceability shall remain unaffected; provided, however, if the Employee challenges the validity or enforceability of the Release in paragraph 4 above, and as a result of such challenge the Release is deemed invalid or unenforceable, the Company shall have no further obligations under this Agreement. |
13. | Compliance with Section
409A of the Internal Revenue Code. This Agreement is intended to satisfy the requirements of Section 409A of the Internal Revenue Code (and any related guidance issued by the IRS or the Treasury Department), so as to avoid the imposition of any additional taxes, penalties or interest under those rules. Accordingly, the Company will modify this Agreement to the extent necessary to avoid the imposition of any such additional taxes, penalties or interest. In the unlikely event that this need arises, the Company will take reasonable efforts to provide advance notice to the Employee. All payments under this Agreement will be delayed to the extent necessary to comply with the rules in Section 409A(a)(2)(B)(i) (generally requiring a delay of six months after separation from service for
certain payments made to top-50 officers determined in accordance with Company rules). |
14. | Benefits Plans. The Company reserves the right to terminate, amend, suspend, replace or modify any of its benefit plans and compensation programs at any time and for any reason, and the Employee will be subject to any such termination, amendment, suspension, replacement, or modification. If a plan or program is terminated, the Employee will not receive any further benefits under that plan/program, other than payment for benefits for services or coverages incurred before it was terminated. This paragraph shall
not alter any vested benefits to which the Employee may be entitled under the terms of the GE Pension Plan and/or GE Retirement Savings Plan as modified and/or enhanced by this Agreement. In addition, to the extent any of the provisions in this Agreement conflict with the terms and conditions of any Company plan document, award agreement or grant agreement, the provisions in this Agreement (and not those documents) shall be controlling, otherwise the terms and conditions of the plan documents apply. |
15. | Entire Agreement. This Agreement sets forth the entire agreement and understanding between the parties. Except as specifically provided in Section 2.d. of this Agreement, the parties
agree they have not relied on any oral statements that are not included in this Agreement. This Agreement supersedes all prior agreements and understandings concerning the subject matter of this Agreement, other than as described in this Agreement. Any modifications to this Agreement must be in writing, must reference this Agreement, and must be signed by the Employee and an authorized employee or agent of the Company. |
16. | Applicable Law. This Agreement shall be construed, interpreted and applied in accordance with the law of the State of New York. |
17. | Format.
The Employee and the Company agree that a facsimile (“fax”), photographic, or electronic copy of this Agreement shall be as valid as the original. |
Signed | /s/ John Flannery |
Date | 10/26/18 |
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/31/20 | ||||
Filed on: | 2/26/19 | 424B5, 8-K, IRANNOTICE, S-3ASR | ||
For Period end: | 12/31/18 | 11-K, 13F-HR, 4, SD | ||
12/15/18 | ||||
10/10/18 | ||||
9/30/18 | 10-Q, 13F-HR, 4, 8-K, 8-K/A | |||
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. S-8 2/12/21 4:70K Command Financial 2/12/21 General Electric Co. 10-K 12/31/20 198:32M 7/23/19 SEC UPLOAD¶ 8/15/19 2:39K General Electric Co. 6/27/19 SEC UPLOAD¶ 8/15/19 2:42K General Electric Co. |