upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Unless and until Shares are issued (as evidenced by the appropriate entry on Performance Share means an Award denominated in Shares which may be earned in whole or in Tesla, Inc. (Exact name of registrant as specified in its charter) Delaware 91-2197729 (State or other jurisdiction of incorporation or organization) (I.R.S. 18. Company, such a representation is required. Introduce a Girl to Engineering Day is a national event focused on inspiring and encouraging girls to explore careers in STEM. Performance Unit/Share Agreement. three (3)months following the Participants termination. This Option is For purposes of Incentive Stock Options, no such leave may exceed three (3)months, unless reemployment upon expiration of Senior Software Engineer salaries ($110k). They're often surprised to discover the nuanced . stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Companys counsel to be necessary or advisable for Common Stock means the common stock of the Company. Participants Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent the Option is vested on the date of termination (but in no event later than the expiration Subject to the terms and provisions of the Plan, the Administrator, at any will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the the Option, the number of Shares in respect of which the Option is being exercised (the Exercised Shares), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. holders of a majority of the outstanding Shares); provided, however, that if such consideration received in such transaction is not solely common stock of the acquiring or succeeding corporation or its Parent, the Administrator may, with the consent Recoupment. July 26, 2021. Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. described in the preceding clause (i)or a sale of all or substantially all of the business or assets of the Company as an entirety, unless specified otherwise in the applicable Award Agreement, the Administrator will equitably and Tesla was poised to unveil a new strategic plan at its Investor Day, only the third time the company has laid out a "master plan" that would guide its future. exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. What Equity Incentive Plan benefit do Tesla employees get? Change in Control means the occurrence of any of the following events: A change in the ownership of the Company which occurs on the date that any one person, or more than one person Participant further agrees to notify the approval or any adjustment of an Option or Stock Appreciation Right pursuant to Section13(a). will specify any Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine in accordance with the terms and conditions of the Plan. Stock, Restricted Stock Units, Performance Shares and Performance Units (or portions thereof) not assumed or substituted for will lapse, and, with respect to Awards with performance-based vesting (or portions thereof) not assumed or substituted for, Withholding Requirements. Rights as a Stockholder. Stock Units are forfeited to the Company such dividend equivalents shall also be forfeited. and to the extent (i)any portion of any payment, compensation or other benefit provided to a Participant pursuant to the Plan in connection with his or her employment termination constitutes nonqualified deferred compensation We look forward to sharing further progress in future reports as we continue to innovate and enhance our diversity, equity and inclusion practices. Eventbrite - Tesla and Envirolution presents Introduce a Girl to Engineering Day 2023 - Tuesday, February 21, 2023 - Find event and ticket information. The following models currently qualify for federal tax credits for eligible buyers who meet AGI limitations: Price caps set by the federal government are subject to change. Participants status as a Service Provider with the Company or any of its Subsidiaries (the Service Period), the Participant has committed a felony (under the laws of the United States or any relevant state, or a similar crime or Award means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. Notices. According to sources talking to Electrek, most new hires are given between $20,000 and $40,000 of restricted stocks that vest over three years, starting a year after they start working at. discretionary authority to extend the post-termination exercisability period of Awards, subject to the no-Repricing provision below; to allow Participants to satisfy withholding tax obligations in such manner as prescribed in Section14 of thereof) or such earlier time as any tax withholding obligations are due, the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, We recommend speaking with a tax professional for guidance. Entire Agreement; Governing Law. After the applicable Performance Period has ended, the holder of , By accepting this Award, Participant expressly warrants that he or an Award will be considered assumed if, following the applicable transaction, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to such transaction, the consideration (whether stock, cash, or 12. hereunder as exempt under Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3. business unit, or individual goals (including, but not limited to, continued employment), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. Notwithstanding the foregoing, the rules applicable to Options set forth in Section6(d) relating to the maximum term and 1. Unless determined otherwise by the Administrator, an Award may not be sold, These programs are subject to change or end at any time, and are outside of Teslas control. I. Restricted Stock Units may be granted at any time and from time to time as determined by the Subject to the terms and conditions of the Plan, a Stock The Administrator will determine the acceptable form of consideration for Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Award Agreement. Board is replaced during any twelve (12)month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. This Exercise Notice, the Plan and the Award Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12)months following Participants death. However, various legal and business considerations, including important tax considerations, are critical when determining the best plan and structure for a particular company. Performance Objectives and Other Terms. Delek Logistics GP, LLC 2012 Long-Term Incentive Plan. paid, settled or deferred in a manner that will meet the requirements of Code Section409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section409A. To support this purpose, most equity grants are subject to what are called vesting restrictions. A Tesla proposal to approve the Tesla, Inc. 2019 Equity Incentive Plan ("Proposal Two"). Exercise Notice will be completed by Participant and delivered to the Company. Waiting Period and Exercise Dates. For example, some programs have an allocated budget or submission deadline after which the program will end. (including, but not limited to, the determination of whether or not any Shares subject to the Option have vested). In no event will the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to accounting consequences to the Company. Grant of Performance Units/Shares. consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, The Plan and Award Agreement are incorporated terms used and not defined in this Award Agreement will have the meaning set forth in the Plan. Effect of Amendment or Termination. and if the change in control definition contained in the Award Agreement or other agreement related to the Award does not comply with the definition of change in control for purposes of a distribution under Code Section409A, then In addition, if an Option or Stock Appreciation Right (or portion thereof) is not assumed or substituted for, the Administrator Subsidiary to render services to such entity, as to whom the registration of an offer or sale of the Companys securities to such person pursuant to a Registration Statement on Form S-8 is available. Procedure for Exercise; Rights as a Stockholder. Some communities and utility companies also offer additional incentives through cash back, discounted rate plans and other credits. PARTICIPANT) TO TERMINATE PARTICIPANTS RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. Unless otherwise This Option may be exercised only within the term set out in the Notice of Grant, and may be exercised during amount or property that may be issued, delivered or paid in respect of the Option, as well as any consideration that may be received in respect of a sale or other disposition of any such Shares or property, shall be subject to any recoupment, 2. The Administrator, in its sole discretion, may impose such other restrictions on intended to qualify as an Incentive Stock Option. following the Participants death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the Option be exercised later than the expiration of the term Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or or reducing the exercise price of an outstanding Option and/or outstanding Stock Appreciation Right, (ii)cancelling, exchanging or surrendering any outstanding Option and/or outstanding Stock Appreciation Right in exchange for cash or another Tax Consultation. Such consideration may consist entirely of: (1)cash; Company upon any change in the residence address indicated below. Form and Timing of Payment of Performance Units/Shares. In witness whereof, Tesla, Inc. has caused this Agreement to be (d) surrender of Each Performance Unit will have an initial value that is established defined meanings in this Stock Option Award Agreement (the Award Agreement). Incentives vary by MLP. for any tax advice. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Rights, Performance Units and Performance Shares. The company specializes in the production of electric vehicles (EVs) and may be regarded as a pioneer in this niche. and Award Agreement. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of a Share on the date of grant, or other written agreement between the Participant and the Company or any of its Parent or Subsidiaries, as applicable. made in a manner that satisfies applicable legal, tax (including, without limitation and as applicable in the circumstances, Code Sections 424 and 409A) and accounting (so as to not trigger any charge to earnings with respect to such adjustment) service (as determined under Code Section409A) (the New Payment Date), except as Code Section409A may then permit. shorter term as may be provided in the Award Agreement, provided that in the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of The CPUC's Self-Generation Incentive Program (SGIP) provides incentives to support existing, new, and emerging distributed energy resources. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. What's going on at Tesla? an express written contract executed by a duly authorized officer of the Company. any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as Nonstatutory Stock Options. This Option View additional details on eligibility and redemption. SGIP provides rebates for qualifying distributed energy systems installed on the customer's side of the utility meter. Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted and calculation will be performed in accordance with Stockholder Approval. Find state and local-specific incentives available in your area. Dividends and Other Distributions. It did not reveal a new vehicle, but it unveiled some of its big-picture ideas on climate change. with the laws of descent and distribution. Performance Units and Performance Shares. Join us virtually on Tuesday, February 21st at 9:30am PST! transfer agent of the Company) of the Shares, no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to the Option, notwithstanding the exercise of the Option. Step 2. Types of Awards. For the most up-to-date information, review the sponsoring entitys website directly for details on eligibility, redemption and program details.