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 Performance Share Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Performance Shares 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, 100% of the Performance Share Award will vest. 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): A portion of the Performance Share Award will vest. The number of the vested Performance Share Award is determined by multiplying the number of Performance Shares granted by the number of completed months from the Performance Period start date to your Termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Performance Shares Award will be forfeited. iv. Notwithstanding the foregoing, with the exception of Section 2.1a.ii, 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 Performance Share Award will be determined by multiplying the number of Performance Shares granted by the number of completed months from the Performance Period start date to your Termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Performance Shares Award will be forfeited.

Termination in a Non-European Union Payroll Country. If you are on a non-European Union country’s payroll at Termination of employment, your Performance Share Restricted Stock Unit Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Performance Shares Restricted Stock 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, 100% then your Restricted Stock Unit Award will vest on [DATE] following the fifth (5th) anniversary of the Performance Share Award will vestGrant Date. iii. 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 60 or have at least 75 points (sum of age and service at Termination): A ), then a portion of the Performance Share Restricted Stock Unit Award will vestvest on [DATE] following the fifth (5th) anniversary of the Grant Date. The number of the vested Performance Share Award Restricted Stock Units that shall vest is determined by multiplying the number of Performance Shares Restricted Stock Units granted by the number of completed months from the Performance Period start date Grant Date to your Termination date, up to a maximum of 36 60 months, divided by 36 60 months. The unvested portion of your Performance Shares Restricted Stock Unit Award that does not vest in accordance with this formula will be forfeitedforfeited as of your date of Termination. 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 all Restricted Stock Units will be forfeited as of your date of Termination. v. Notwithstanding the foregoing, with the exception of Section 2.1a.ii, 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, then one hundred percent (100%) of the vested Performance Share Restricted Stock Unit Award will be determined by multiplying vest on [DATE] following the number fifth (5th) anniversary of Performance Shares granted by the number of completed months from the Performance Period start date to your Termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Performance Shares Award will be forfeitedGrant 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 Performance Share Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Performance Shares 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, 100% of the Performance Share Award will vest. 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): A portion of the Performance Share Award will vest. The number vested portion of the vested your Performance Share Award is determined by multiplying the number of Performance Shares granted by the number of completed months from the Performance Period start date to your Termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Performance Shares Award will be forfeited. iv. Notwithstanding the foregoing, with the exception of Section 2.1a.ii, 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 Performance Share Award will be determined by multiplying the number of Performance Shares granted by the number of completed months from the Performance Period start date to your Termination date, up to a maximum of 36 months, divided by 36 months. The unvested portion of your Performance Shares Award will be forfeited.