{"id":40624,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/stock-option-granted-to-executive-officers-exxon-mobil-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"stock-option-granted-to-executive-officers-exxon-mobil-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/stock-option-granted-to-executive-officers-exxon-mobil-corp.html","title":{"rendered":"Stock Option – Granted to Executive Officers – Exxon Mobil Corp."},"content":{"rendered":"

EXXON MOBIL CORPORATION <\/strong><\/p>\n

STOCK OPTION <\/strong><\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Option No.:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Name of Grantee:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Number of Shares<\/strong><\/p>\n

of Stock subject<\/strong><\/p>\n

to this Option: <\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Option Price<\/strong><\/p>\n

Per Share <\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This STOCK OPTION <\/strong>(“Option”), dated November 28, 2001, is
\ngranted in Dallas County, Texas by Exxon Mobil Corporation (the “Corporation”),
\npursuant to the 1993 Incentive Program adopted by the shareholders of the
\nCorporation on April 28, 1993, as amended (the “Program”). This Option is
\nsubject to the provisions of this instrument and the Program and to such
\nregulations or requirements as may be stipulated from time to time by the
\nadministrative authority defined in the Program and is granted on the condition
\nthat Grantee accepts such provisions, regulations and requirements. This
\ninstrument incorporates by reference the provisions of the Program, as it may be
\namended from time to time, including without limitation the definitions of terms
\nin this instrument and defined in the Program. This Option is not an Incentive
\nStock Option as defined in the Program.<\/p>\n

1. Grant<\/u>. The Corporation has granted to the Grantee named above an
\noption to purchase from the Corporation shares of its common stock, without par
\nvalue, up to the maximum number and at the option price per share set forth
\nabove, payable in currency of the United States of America, in shares of common
\nstock of the Corporation or other consideration in accordance with the terms of
\nthe Program and any applicable regulations of the administrative authority in
\neffect at the time. Such consideration will be valued at fair market value on
\nthe date of exercise.<\/p>\n

2. Exercisability<\/u>. Subject to paragraph 4, this Option shall become
\nexercisable the earlier of one year after its date or upon the death of Grantee;
\nprovided that this Option shall never be exercisable whenever the purchase or
\ndelivery of shares under this Option would be a violation of any law or any
\ngovernmental regulation which the Corporation may find to be applicable.<\/p>\n

3. Date of Exercise and Payment of Taxes<\/u>. The date of any exercise of
\nthis Option shall be the day on which all documents for a valid exercise are
\naccepted by the Corporation. Grantee may elect to pay in shares of common stock
\nof the Corporation a portion or all of the amount of the taxes required or
\npermitted by federal, state, or local law to be withheld in connection with the
\nexercise of this Option. To make such election, Grantee will agree to surrender
\nto the Corporation, on or about the date such withholding tax liability is
\ndeterminable, shares previously owned by Grantee having a fair market value
\nequal to the amount of such withholding taxes that Grantee elects to pay in
\nshares.<\/p>\n

4. Expiration<\/u>. This Option shall expire at the earliest of the
\nfollowing times:<\/p>\n\n\n\n
\n

(a)<\/p>\n<\/td>\n

\n

If Grantee terminates, but does not terminate normally, it shall expire at
\nthe time of termination.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

(b)<\/p>\n<\/td>\n

\n

If Grantee engages in detrimental activity, it shall expire as of the date
\nsuch activity is determined to be detrimental.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

(c)<\/p>\n<\/td>\n

\n

If Grantee dies, it shall expire five years after death.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

(d)<\/p>\n<\/td>\n

\n

In any event, it shall expire ten years after its date.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

5. Partial Exercise and Adjustments<\/u>. When this Option is exercisable
\nfor any whole number of shares up to the maximum number indicated above. This
\nOption shall be adjusted by the administrative authority as it deems appropriate
\nfor any split, stock dividend, or other relevant change in capitalization of the
\nCorporation.<\/p>\n

6. Repayment of Amount Equal to Spread.<\/u> If Grantee terminates other
\nthan normally, the granting authority may require Grantee to repay to the
\nCorporation an amount equal to the spread on this Option at exercise if it is
\nexercised in whole or in part by Grantee during the six-month period immediately
\npreceding such termination.<\/p>\n

7. Nontransferability<\/u>. This Option is not transferable except by will
\nor the laws of descent and distribution, and is not subject, in whole or in
\npart, to attachment, execution or levy of any kind.<\/p>\n

8. Governing Law and Consent to Jurisdiction<\/u> . This Option and Program
\nare governed by the laws of the State of New York without regard to any conflict
\nof law rules. Any dispute arising out of or relating to this Option or the
\nProgram may be resolved in any state or federal court located within Dallas
\nCounty, Texas, U.S.A. This Option is issued on the condition that Grantee
\naccepts such venue and submits to the personal jurisdiction of any such court.
\nSimilarly, the Corporation accepts such venue and submits to such jurisdiction.\n<\/p>\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
\n

EXXON MOBIL CORPORATION<\/strong><\/p>\n<\/td>\n<\/tr>\n

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

By<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7496],"corporate_contracts_industries":[9412],"corporate_contracts_types":[9539,9545],"class_list":["post-40624","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-exxon-mobil-corp","corporate_contracts_industries-energy__refining","corporate_contracts_types-compensation","corporate_contracts_types-compensation__esp"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40624","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=40624"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40624"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40624"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}