Common use of Termination in a Non-European Union Payroll Country Clause in Contracts

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employment, your Stock Option Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Stock Options will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent (100%) of the Stock Option Award will vest as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are at least age 60 or have at least 75 points (sum of age and service at Termination, then a portion of the Stock Option Award will vest as follows: the vested portion of your Stock Option Award is determined by multiplying the number of Stock Options granted by the number of completed months from the Grant Date to your termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Stock Option Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Stock Option Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employment, your Stock Option Appreciation Rights Award is affected as follows:. i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Stock Options Appreciation Rights will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent (100%) of the Stock Option Appreciation Rights Award will vest as of your date of Termination. The vested portion of your Stock Option Appreciation Rights Award will be exercisable until the Expiration Date as described in Section 1.6. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are at least age 60 or have at least 75 points (sum of age and service at Termination, then a portion of the Stock Option Appreciation Rights Award will vest as follows: the vested portion of your Stock Option Appreciation Rights Award is determined by multiplying the number of Stock Options Appreciation Rights granted by the number of completed months from the Grant Date to your termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Stock Option Appreciation Rights Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Appreciation Rights Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Stock Option Appreciation Rights Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Appreciation Rights Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Appreciation Rights Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended. The vested portion of your Stock Option Appreciation Rights Award will be exercisable until the Expiration Date as described in Section 1.6.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employmentTermination, your Stock Option Award is affected as follows:. i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Stock Options will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent (100%) of the Stock Option Award will vest as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6. iiiii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are at least age 60 or have at least 75 points (sum of age and service at Termination, then a portion of the Stock Option Award will vest as follows: the vested portion of your Stock Option Award is determined by multiplying the number of Stock Options granted by the number of completed months from the Grant Date to your termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Stock Option Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iviii. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Stock Option Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one iv. One hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible qualify for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amendedseverance pay program maintained by the Corporation. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employment, your Restricted Stock Option Unit Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Restricted Stock Options Units will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent (100%) of the your Restricted Stock Option Unit Award will vest as on January 31 following the fifth (5th) anniversary of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6Grant Date. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination Termination, you are at least age 60 or have at least 75 points (sum of age and service at Termination), then a portion of the Restricted Stock Option Unit Award will vest as follows: on [DATE] following the vested portion fifth (5th) anniversary of your the Grant Date. The number of Restricted Stock Option Award Units that shall vest is determined by multiplying the number of Restricted Stock Options Units granted by the number of completed months from the Grant Date to your termination Termination date, up to a maximum of 36 60 months, divided by 36 60 months. The unvested portion of your Restricted Stock Option Unit Award that does not vest in accordance with this formula will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your all Restricted Stock Option Award Units will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended. The vested portion , then one hundred percent (100%) of your the Restricted Stock Option Unit Award will be exercisable until vest on [DATE] following the Expiration Date as described in Section 1.6fifth (5th) anniversary of the Grant Date.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employmentemployment , your Restricted Stock Option Unit Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Restricted Stock Options Units will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent one-third (100%1/3rd) of the your Restricted Stock Option Unit Award will vest as on each [DATE] following the first (1st) anniversary of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6Grant Date. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination Termination, you are at least age 60 or have at least 75 points (sum of age and service at Termination), then a portion of the Restricted Stock Option Unit Award will vest as follows: the total vested portion of your Restricted Stock Option Unit Award is determined by multiplying the number of Restricted Stock Options Units granted by the number of completed months from the Grant Date to your termination datedate of Termination, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Restricted Stock Option Unit Award that does not vest in accordance with this formula will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Restricted Stock Option Unit Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Belowbelow, as may be amended. The vested portion , then one-third (1/3rd) of your the Restricted Stock Option Unit Award will be exercisable until vest on each [DATE] following the Expiration Date as described in Section 1.6first (1st) anniversary of the Grant Date.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employment, your Restricted Stock Option Unit Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Restricted Stock Options Units will be forfeited as of your date of Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one hundred percent one-third (100%1/3rd) of the your Restricted Stock Option Unit Award will vest as on each [DATE] following the first (1st) anniversary of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the Expiration Date as described in Section 1.6Grant Date. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date Date; and if, upon Termination Termination, you are at least age 60 or have at least 75 points (sum of age and service at Termination), then a portion of the Restricted Stock Option Unit Award will vest as follows: the total vested portion of your Restricted Stock Option Unit Award is determined by multiplying the number of Restricted Stock Options Units granted by the number of completed months from the Grant Date to your termination datedate of Termination, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Restricted Stock Option Unit Award that does not vest in accordance with this formula will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than five years after your Termination date or the Expiration Date as described in Section 1.6. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Restricted Stock Option Unit Award will be forfeited as of your date of Termination. The vested portion of your Stock Option Award will be exercisable until the earlier of the last day that the NYSE is open that is no more than 180 days after your termination date or the Expiration Date as described in Section 1.6. v. Notwithstanding the foregoing, one hundred percent (100%) of the Stock Option Award will vest if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended. The vested portion , then one-third (1/3rd) of your the Restricted Stock Option Unit Award will be exercisable until vest on each [DATE] following the Expiration Date as described in Section 1.6first (1st) anniversary of the Grant Date.