Examples of Outstanding Equity Awards in a sentence
In the case of a Voluntary Termination, (i) all stock options previously granted by the Company to Executive that are vested on the date of Voluntary Termination will remain outstanding and continue to be exercisable by Executive until 90 days after the date of Voluntary Termination (or, if earlier, the expiration of their term), and (ii) all Outstanding Equity Awards that have not vested prior to the date of Voluntary Termination shall be cancelled immediately.
Further information regarding the 2012 awards is included in the Fiscal 2012 Grants of Plan-Based Awards Table and the Outstanding Equity Awards at 2012 Fiscal Year End Table.
Outstanding Equity Awards at 2018 Fiscal Year-End The following table presents information concerning unexercised options and unvested restricted stock unit awards for each named executive officer outstanding as of the end of fiscal 2018.
As indicated above with respect to Bonus RSUs, it should be noted that, as required by applicable rules, Long-Term Incentive RSUs granted in 2010 in connection with 2009 performance are not reflected in the Summary Compensation table, the Grants of Plan-Based Awards table, or the Outstanding Equity Awards at Fiscal Year End table contained herein.
Straubel 2/12/2018(4) — — — — — 90,000 315.73 11,416,860 Jerome Guillen 2/12/2018(4) — — — — — 45,000 315.73 5,708,430 10/16/2018(5) — — — — — 103,395 276.59 11,742,467 Deepak Ahuja 2/12/2018(4) — — — — — 45,000 315.73 5,708,430 (1) The vesting schedule applicable to each outstanding award is set forth in “Management of Tesla— Outstanding Equity Awards at 2018 Fiscal Year-End” below.
Any unvested equity awards other than the Outstanding Equity Awards will be forfeited or otherwise governed by the terms of the agreements governing such equity awards.
See “Compensation Overview - 2020 COVID-19 Salary Reduction" and “2020 Outstanding Equity Awards at Fiscal Year-End” for additional information regarding such RSUs.
The Company and Executive hereby agree that the vesting schedule (including, as applicable, the treatment of the Outstanding Equity Awards upon a “Full Career Retirement” (as such term is defined in the applicable award agreement)) and all other terms of the Outstanding Equity Awards held by Executive will remain in full force and effect without modification or amendment.
Stock Option Plans - Outstanding Equity Awards at Fiscal Year End None.
Restricted Stock Units The grants of restricted stock units made to our named executive officers in March 2017 vest based on performance conditions and service conditions, as described below in Footnote 1 under "Outstanding Equity Awards at December 31, 2017." Stock Ownership Guidelines The Board of Directors has established a Stock Ownership Policy for senior management, including our named executive officers, and it is intended to further align the interests of management and stockholders.