Notice of Restricted Stock Unit Award. Participant [__________] Grant Date [__________] Target Restricted Stock Units [__________] Overview Participant shall be able to earn between [__]% - [__]% of the Target Restricted Stock Units based on the attainment of certain performance goals over the Measuring Period described below. Measuring Period [__________] Vesting, General Vesting, if any, shall occur at the end of the Measuring Period based upon the [______] (defined below) and [______] (defined below) of the Company during such Measuring Period. Except as set forth below, Participant must remain in the continuous employment of the Company from the Grant Date through the last day of the Measurement Period in order to vest in the Restricted Stock Units. Target Vesting Amounts for the Measurement Period The Target Restricted Stock Units shall be divided into amounts that shall be eligible to vest based on [______] for the Measuring Period, and amounts that shall vest based on [______] for the Measuring Period, by multiplying the Target Restricted Units by the following weightings:[______]……………………………[__%] [______]……………………………[__%]The Target Restricted Stock Units that shall be eligible to vest based on [______] for the Measuring Period shall be known as the “[______] Target RSUs.” The Target Restricted Stock Units that shall be eligible to vest based on [______] for the Measuring Period shall be known as the “[______] Target RSUs.” Amounts Vesting Based on [______] The number of Restricted Stock Units actually vesting at the end of the Measuring Period based on [______]for the Measuring Period (the “[______] Vested RSUs”) shall be equal to the [______] Target RSUs for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [______]
Notice of Restricted Stock Unit Award. You have been granted a Restricted Stock Unit Award, subject to the terms and conditions of the 2022 Long-Term Incentive Plan of Chevron Corporation (“Plan”) and this Award agreement (“Agreement”). By accepting this Restricted Stock Unit Award, you agree to all terms and conditions of the Plan, its Rules, and any provisions within this Agreement. In the event of any conflict between the provisions of this Agreement and the terms of the Plan or Rules, the terms of the Plan and/or Rules shall govern. Defined terms that are not defined herein shall have the meaning ascribed to them in the Plan or Rules. For a copy of the Plan documents, go to the Executive Plans website, the Global Executive Plans website, or contact the Executive Compensation Group at [email address] or [telephone number].
Notice of Restricted Stock Unit Award. Participant [____________] Grant Date [____________] Number of Restricted Stock Units [____________] Vesting Schedule Except as set forth below, the Restricted Stock Units will vest in accordance with the following schedule, provided Participant remains a member of the Board from the Grant Date to the “Scheduled Vesting Date” set forth below:
Notice of Restricted Stock Unit Award. Participant [____________] Grant Date [____________] Number of Restricted Stock Units [____________]
Notice of Restricted Stock Unit Award. Grant Date [ _____________________ ] Number of Restricted Stock Units [ _____________________ ] Vesting Schedule Except as set forth below, your Restricted Stock Units will vest on the one (1) year anniversary of the Grant Date (the “Scheduled Vesting Date”), subject to your continued provision of service on the Board from the Grant Date through such date. Special Vesting Events Notwithstanding the above, any unvested Restricted Stock Units shall become vested in full upon the occurrence of any of the following: (1) your retirement from the Board in compliance with the Board’s retirement policy as then in effect; (2) the termination of your service on the Board as a result of your not being nominated for reelection by the Board; (3) the termination of your service on the Board because of your resignation or failure to stand for reelection with the consent of the Company’s Board (which means approval by at least 80% of the directors voting, with you abstaining);
Notice of Restricted Stock Unit Award. You have been granted the following Restricted Stock Units (the “Restricted Stock Units”, “
Notice of Restricted Stock Unit Award. Grant Date February 20, 2019 Number of Restricted Stock Units __________. Vesting Schedule Except as set forth below, your Restricted Stock Units shall vest in annual installments over three (3) years provided you remain in Continuous Service from the Grant Date to the applicable “Scheduled Vesting Date,” as set forth below: Number of RSUs Vested Scheduled Vesting Date 2/20/2020 2/20/2021 2/20/2022
Notice of Restricted Stock Unit Award. Grantee: Date of Agreement: February 24, 2011 Grant Date: February 24, 2011 Number of Restricted Stock Units in Award: Date Restriction Period Ends (“Restricted Period”): September 30, 2013(1)
Notice of Restricted Stock Unit Award. Grant Date February 17, 2021 Number of Restricted Stock Units . Vesting Schedule Except as set forth below, your Restricted Stock Units will vest on the one (1) year anniversary of the Grant Date (the “Scheduled Vesting Date”), subject to your continued provision of service on the Board from the Grant Date through such date. Special Vesting Events Notwithstanding the above, any unvested Restricted Stock Units shall become vested in full upon the occurrence of any of the following: 1. your retirement from the Board in compliance with the Board’s retirement policy as then in effect; 2. the termination of your service on the Board as a result of your not being nominated for reelection by the Board; 3. the termination of your service on the Board because of your resignation or failure to stand for reelection with the consent of the Company’s Board (which means approval by at least 80% of the directors voting, with you abstaining);
Notice of Restricted Stock Unit Award. Grant Date February 19, 2020 Number of Restricted Stock Units ____________________. Vesting Schedule Except as set forth below, your Restricted Stock Units will vest on the one (1) year anniversary of the Grant Date (the “Scheduled Vesting Date”), subject to your continued provision of service on the Board from the Grant Date through such date. Special Vesting Events Notwithstanding the above, any unvested Restricted Stock Units shall become vested in full upon the occurrence of any of the following: (1) your retirement from the Board in compliance with the Board’s retirement policy as then in effect; (2) the termination of your service on the Board as a result of your not being nominated for reelection by the Board; (3) the termination of your service on the Board because of your resignation or failure to stand for reelection with the consent of the Company’s Board (which means approval by at least 80% of the directors voting, with you abstaining); (4) the termination of your service on the Board because you, although nominated for reelection by the Board, are not reelected by the Company’s stockholders; (5) the termination of your service on the Board because of (i) your resignation at the request of the Nominating and Governance Committee of the Board (or successor committee), (ii) your removal by action of the stockholders or by the Board, or (iii) a Change in Control of the Company; or (6) the termination of your service on the Board because of death or Disability. A termination of your service on the Board for any reason not described in (1) through (6) above (including, but not limited to, a removal or resignation for cause) will result in a forfeiture on the date of termination of all Restricted Stock Units not previously vested. Payment TimingThe Company shall make payment for each Restricted Stock Unit that vests hereunder upon the first of the following to occur coincident with or following vesting: (i) the Scheduled Vesting Date of such Restricted Stock Units, (ii) your Separation from Service (as defined for purposes of Code Section 409A), or (ii) a Change in Control (the first event to occur being the “Applicable Payment Event”).Form of PaymentPayment in respect of vested Restricted Stock Units shall be made (i) by distributing a number of shares of Common Stock equal to the number of vested Restricted Stock Units being paid, or (ii) through payment of cash equal to the Fair Market Value of the number of shares of Common Stock that would othe...
