{"id":40367,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/retainer-stock-option-agreement-chevron.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"retainer-stock-option-agreement-chevron","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/retainer-stock-option-agreement-chevron.html","title":{"rendered":"Retainer Stock Option Agreement – Chevron"},"content":{"rendered":"

CHEVRON CORPORATION<\/strong>NON-EMPLOYEE DIRECTORS153 EQUITY
\nCOMPENSATION AND DEFERRAL PLAN<\/strong>Retainer Stock Option
\nAgreement<\/strong><\/u><\/p>\n

Name of Director: (Please sign below and return this Agreement) Chevron
\nCorporation has made the following grant to you, subject to the terms of the
\nChevron Corporation Non-Employee Directors153 Equity Compensation and Deferral
\nPlan (the “Plan”) and rules adopted under it. Both documents are incorporated
\ninto this Agreement and copies are available to you on request. By signing this
\nAgreement and accepting this grant, you are agreeing to all the terms and
\nconditions of the Plan and its rules.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

1.<\/p>\n<\/td>\n

<\/td>\n\n

Date of Grant:<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

2.<\/p>\n<\/td>\n

<\/td>\n\n

The Exercise Price is $___ per share, which is the Fair Market Value of the
\nShares subject to this Retainer Option on the Date of Grant.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

3.<\/p>\n<\/td>\n

<\/td>\n\n

The number of Shares subject to this Retainer Option is ___ Shares, subject
\nto adjustment as provided in Section X of the Plan.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

4.<\/p>\n<\/td>\n

<\/td>\n\n

This Retainer Option is a nonstatutory stock option.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

5.<\/p>\n<\/td>\n

<\/td>\n\n

This Retainer Option vests as follows: ___ percent on
\n <\/u> <\/u> and the remaining
\n <\/u> percent on the earlier of the last day of the Annual
\nCompensation Cycle to which the Grant relates or
\n <\/u> <\/u>.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

6.<\/p>\n<\/td>\n

<\/td>\n\n

This Retainer Option becomes exercisable on
\n <\/u> <\/u>.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

7.<\/p>\n<\/td>\n

<\/td>\n\n

This Retainer Option is transferable as provided in Section VI of the Plan
\nand Section VII of its rules.<\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

8.<\/p>\n<\/td>\n

<\/td>\n\n

This Retainer Option will expire ten years from the Date of Grant, or such
\nearlier date as it expires or is forfeited pursuant to Section III of the rules
\nunder the Plan.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IN WITNESS WHEREOF<\/u><\/p>\n

, Chevron Corporation has caused this Agreement to be executed on its behalf
\nby its duly authorized representative and the Director has executed the same on
\nthe day and year indicated below.<\/p>\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Date:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

By:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Date:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

By:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Director<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

E-7<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7075],"corporate_contracts_industries":[9409],"corporate_contracts_types":[9539,9542],"class_list":["post-40367","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-chevron-corp","corporate_contracts_industries-energy__exploration","corporate_contracts_types-compensation","corporate_contracts_types-compensation__deferred"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40367"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40367"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40367"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}