Document:

EXHIBIT 10(iii)(a.3)

 

November 25, 2014

 

Exxon Mobil Corporation

Extended Provisions  for  Restricted  Stock Unit Agreements - Settlement in Shares

 

1.        Effective Date and Credit of
Restricted Stock Units.  If Grantee accepts
the award on or before March 6, 2015, this Agreement
will become effective the date the
Corporation receives the award acceptance.  After this agreement  becomes
effective, the Corporation will
credit to Grantee the number of restricted  stock units
specified in the award package.  Subject to the terms and conditions of
this Agreement,  each restricted stock
unit ("unit") will entitle Grantee to
receive in settlement of the unit one
share of the Corporation's  common  stock.     

 

2.        Conditions.  If credited, the units will be  subject
to the provisions
of this Agreement, and to such regulations and
requirements  as the administrative authority of the Program may establish
from time to time. The units will be credited to Grantee only on the condition that Grantee accepts such provisions, regulations, and requirements.   

 

3.        Restrictions and Risk of Forfeiture.  During the applicable restricted periods  specified
in section 4 of this Agreement,
 

 

a)       the units under
restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered,
and any attempt to do so will be
null and void; and 

b)        the units under restriction may be forfeited as provided in section
6. 

 

4.      
 Restricted Periods.  The restricted  periods
will commence  when
the units are credited to Grantee and, unless the units
have been forfeited  earlier
under section 6, will expire as follows,
whether or not Grantee is still an employee:  

 

a)      
with  respect to 50% of the units, on November
25, 2019; and 

b)      
with  respect to the remaining units, on the
later to occur of 

(i)  November 25, 2024, or 

              (ii) the first day of the calendar year immediately following the year in which  Grantee terminates;
except  that  

         c) the restricted periods  will automatically expire with respect
to all shares on the death of Grantee.   

 

5.        No Obligation to Credit Units .   The Corporation will have no obligation to credit any units and will have no other obligation to Grantee with respect  to  the  subject  matter 
of  this Agreement if Grantee
fails to accept the award on or
before March 6, 2015. In addition, whether or not
Grantee  has accepted the
award, the Corporation 
will have no obligation to credit any units and will have no
other obligation to Grantee  with respect
to the subject matter of this Agreement
if, before the units are credited:
 

 

a)       Grantee terminates (other than by
death) before standard retirement time within the meaning of the Program,
except to the extent the administrative authority of the Program determines
Grantee may receive units under this Agreement; or 

b)       Grantee is determined to have
engaged in detrimental activity within the meaning of the Program; or 

c)       Grantee fails to provide the
Corporation with cash for any required taxes due upon crediting the units, if
Grantee is required to do so under section 7. 

 

1

 

 

6.        Forfeiture  of  Units  After  Crediting .  Until the applicable restricted period
specified
in section 4 has expired,
the units under restriction will be forfeited or subject
to forfeiture in the following
circumstances:  

 

Termination   

If Grantee terminates (other
than by death) before standard
retirement time within the meaning of the Program, all units for which the applicable restricted  periods have
not expired will be automatically forfeited as of the date of termination, except to the
extent the administrative authority determines Grantee may
retain units issued under
this Agreement.  

 

Detrimental activity   

If Grantee is determined
to have engaged in detrimental activity
within the meaning of the Program, either before or after termination, all units for which the applicable restricted
periods  have not expired will be automatically forfeited as of the
date of such determination.  

 

Attempted transfer  

The units are  subject to forfeiture in the discretion  of the
administrative authority if
Grantee attempts to sell, assign, transfer, pledge, or otherwise dispose  of or encumber  them
during the applicable  restricted periods.  

 

Applicable law 

The units are  subject to forfeiture in whole or in part
as the administrative authority deems necessary in
order to comply with applicable
law.

 

7.        Taxes.  Notwithstanding the restrictions
on transfer that otherwise apply, the Corporation in its sole discretion may
withhold units or shares, either at the time of issuance, at the time the
applicable restricted periods expire, or at any other time in order to satisfy
any required withholding, social security, and similar taxes or contributions
(collectively, "required taxes"). Withheld units or shares may be
retained by the Corporation or sold on behalf of Grantee. If the Corporation does
not withhold units or shares to satisfy required taxes, in the alternative the
Corporation may require Grantee to deposit with the Corporation cash in an
amount determined by the Corporation to be necessary to satisfy required taxes.
Notwithstanding any other provision of this Agreement, the Corporation will be
under no obligation to credit units or to deliver shares to Grantee in
settlement of any units if Grantee fails timely to deposit such amount with the
Corporation. The Corporation in its sole discretion may also withhold any
required taxes from dividends paid on the units.  

 

8.        Form
of Units; No Shareholder Status.  The units will be represented by book-entry credits in
records maintained by or on behalf of the Corporation. Units  will
be unfunded and unsecured  promises  by  the  Corporation  to  deliver
shares in the future upon the terms and
subject to the conditions
of this Agreement.  Grantee  will not be a shareholder of the Corporation with respect to units prior to the time shares are actually registered in Grantee's name
in settlement of such units in accordance  with section  9. 

 

9.        Settlement  of  Units .  If and when the applicable  restricted
period expires with respect to
any units, subject to section
7, the Corporation  will issue shares, free of restriction and registered in the name of Grantee, in settlement of such units.  Such  shares will
be delivered promptly after
such expiration to or for the account
of Grantee either in certificated form or by book-entry transfer in accordance with
the procedures of the administrative authority in effect at the time.  

 

10.     Change
in Capitalization .  If during the applicable restricted periods
a stock split, stock dividend, or
other relevant change  in capitalization  of the
Corporation occurs, the administrative
authority will make such adjustments in the number of units credited
to Grantee, or in the number and type of securities deliverable to Grantee
in settlement of such units
and used in determining  dividend
equivalent amounts, as the
administrative authority
may determine to be appropriate.
Any resulting new units
or securities credited with respect to previously credited units that are still restricted under this Agreement will be delivered
to and held by or on behalf of the Corporation and will be subject to the  same
 

2

 

provisions, restrictions,
and requirements as those previously credited
units.   

 

11.     Limits on the Corporation's Obligations.  Notwithstanding
anything else contained  in
this Agreement, under no circumstances will the Corporation be required to credit any units or issue or deliver any shares in settlement
of units if doing so would violate any law or listing requirement that  the administrative authority determines  to be applicable, or if Grantee has failed to provide for required taxes pursuant to section  7.  

 

12.     Receipt
or Access to Program.  Grantee
acknowledges receipt of or access to the  full  text  of the
Program.   

 

13.     Dividend
Equivalents.  The
Corporation will pay to Grantee cash  with respect
to each credited unit corresponding in amount,
currency, and timing to cash dividends
that would  be  payable  with respect to a share of common stock outstanding on each record  date that occurs during the  applicable
restricted period.  Alternatively,
the administrative authority may determine to reinvest such dividend
equivalents in additional units which will be held subject to all the terms and conditions otherwise applicable  to units under this Agreement.   

 

14.     Addresses
for Communications.  To
facilitate communications regarding this Agreement, Grantee agrees to notify the Corporation promptly of changes in current mailing and email addresses. Communications
to the Corporation in connection with this Agreement should  be directed
to the Incentive  Processing
Office, or to such other address as
the Corporation  may designate by further notice to Grantee.  

 

15.     Transfer
of Personal Data.  The
administration of the Program and
this Agreement, including any subsequent
ownership of shares, involve
the collection, use,
and transfer of personal data
about Grantee between and among the Corporation,  selected  subsidiaries
and other affiliates of
the Corporation, and third-party service
providers such as Morgan Stanley and Computershare  (the Corporation's
transfer agent), as well as
various regulatory and tax authorities around the
world.  This  data
includes Grantee's name, age, date of birth, contact information, work  location, employment
status, tax status, social security  number, salary, nationality, job title, share ownership, and details  of incentive
awards granted, cancelled, vested or unvested, and related information.  By accepting this  award, Grantee
authorizes such collection,
use, and transfer of this data. Grantee may, at any time and without
charge, view such data and require  necessary
corrections to it. Such data will at all times be held  in  accordance  with applicable
laws, regulations, and agreements.   

 

16.     No
Employment Contract or Entitlement to Other or Future Awards .  This Agreement, the Corporation's
incentive
programs, and Grantee's  selection
for incentive awards do not imply or form a part of any contract or assurance of employment, and they do not in any way limit or restrict the ability of Grantee's employer  to terminate  Grantee's
employment.  Grantee acknowledges
that the Corporation maintains  and administers
its incentive programs entirely in its discretion and
that Grantee is not entitled to any other or future incentive  awards of any kind in addition to those that have
already been granted.   

 

17.     Governing
Law 
and Consent to Jurisdiction .  This Agreement and the Program
are governed by the laws of the State of New York  without
regard to any conflict of law rules.  Any
dispute arising out of or
relating to this Agreement  or
the Program may be resolved in any
state or federal  court
located  within  Dallas County,
Texas, U.S.A. Grantee accepts that venue and submits to the personal jurisdiction of any such court.  Similarly, the Corporation
accepts such venue and submits to such  jurisdiction.
 

 

18.     Entire
Agreement .  This Agreement constitutes the entire understanding  between Grantee
and the Corporation  with respect to the subject  matter
of this Agreement.

 

3EXHIBIT
10(iii)(b.2)

 

EXXON MOBIL CORPORATION

EARNINGS BONUS UNIT AWARD

 

	
   

  	
   

  	
   

  	
  Maximum

  	
  Maximum

  
	
   

  	
   

  	
   

  	
  Settlement

  	
  Settlement

  
	
  EBU

  	
   

  	
  Number

  	
  Value Per

  	
  Value of

  
	
  Number

  	
  Name of Grantee

  	
  of EBUs

  	
  EBU

  	
  Award

  
	
   

  	
   

  	
   

  	
  $6.50

  	
   

  

 

This EARNINGS
BONUS UNIT AWARD is granted in Dallas County, Texas by Exxon Mobil
Corporation (the "Corporation") effective November  25, 2014 (the
"date of grant"), pursuant to the Short Term Incentive Program
adopted by the Board of Directors of the Corporation on October 27, 1993, as
amended (the "Program"). This award is subject to the provisions of
this instrument and the Program and to such regulations and requirements as may
be stipulated from time to time by the administrative authority defined in the
Program and is granted on the condition that Grantee accepts such provisions,
regulations and requirements. This instrument incorporates by reference the
provisions of the Program, as it may be amended from time to time, including
without limitation the definitions of terms used in this instrument and defined
in the Program.

1.   Award. 
The Corporation has granted to Grantee the number of earnings bonus units
("EBUs") set forth above, with each EBU having the maximum settlement
value set forth above. Subject to the other terms of this award, Grantee has
the right, for each of these EBUs, to receive from the Corporation, promptly
after the settlement date defined below, an amount of cash equal to the
Corporation's cumulative earnings per common share (assuming dilution) as
reflected in its quarterly earnings statements as initially filed in its
quarterly or annual reports with the U.S. Securities and Exchange Commission 
commencing with earnings for the first full quarter following the date of grant
to and including the last full quarter preceding the settlement date; provided,
however, that the amount of such settlement will not exceed the maximum
settlement value specified above.

2.   Settlement
Date.  The settlement date of these EBUs will be the earlier of  (i) the
date of publication of the Corporation's quarterly earnings statement for the
twelfth (12th) full quarter following the date of grant, or (ii) the date of
publication of the Corporation's quarterly earnings statement which brings the
cumulative earnings per common share (assuming dilution) as initially filed in
its quarterly or annual reports with the U.S. Securities and Exchange
Commission commencing with the first full quarter following the date of grant
to an amount at least equal to the maximum settlement value per EBU specified
above.  

3.   Annulment. 
This award is provisional until the Corporation actually pays cash in
settlement of the award.

      (a) If, before the
Corporation pays such cash, Grantee terminates (other than by death) before
standard retirement time within the meaning of the Program, this award will
automatically expire as of the date of termination, except to the extent the
administrative authority determines Grantee may retain this award.

      (b)
If, before the Corporation pays such cash, Grantee is determined to have
engaged in detrimental activity within the meaning of the Program, this award
will automatically expire as of the date of such determination.

4.   Adjustments. 
The number of EBUs covered by this award and the meaning of the term
"common share" will be adjusted by the administrative authority as it
deems appropriate to give effect to any stock split, stock dividend or other
relevant change in capitalization of the Corporation after the date of grant
and prior to the settlement date.

 

 

5.   Governing
Law and Consent to Jurisdiction.  This award and the Program are governed
by the laws of the State of New York without regard to any conflict of law
rules. Any dispute arising out of or relating to this award or the Program may
be resolved in any state or federal court located within Dallas County, Texas,
U.S.A. This award is issued on the condition that Grantee accepts such venue
and submits to the personal jurisdiction of any such court. Similarly, the
Corporation accepts such venue and submits to such jurisdiction.

                                                                                    EXXON
MOBIL CORPORATION

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