Document:

EXHIBIT 4(vi)

 

DESCRIPTION OF
EXXONMOBIL CAPITAL STOCK

The following description of the terms of ExxonMobil’s capital
stock is a summary only and is qualified by reference to the relevant
provisions of New Jersey law and the ExxonMobil restated certificate of
incorporation and by-laws. 

Authorized Capital Stock 

Under the ExxonMobil restated certificate of incorporation,
ExxonMobil’s authorized capital stock consists of nine billion
(9,000,000,000) shares of common stock, without par value, and two hundred
million (200,000,000) shares of preferred stock, without par value. 

Description of Common Stock 

Voting Rights. Each
holder of ExxonMobil common stock is entitled to one vote for each share of
ExxonMobil common stock held of record on the applicable record date on all
matters submitted to a vote of shareholders. 

Dividend Rights.
Holders of ExxonMobil common stock are entitled to receive such dividends as
may be declared from time to time by ExxonMobil’s board of directors out of
funds legally available therefor, subject to any preferential dividend rights
granted to the holders of any outstanding ExxonMobil preferred stock. 

Rights upon Liquidation.
Holders of ExxonMobil common stock are entitled to share pro rata, upon any
liquidation, dissolution or winding up of ExxonMobil, in all remaining assets
available for distribution to shareholders after payment of or provision for
ExxonMobil’s liabilities and the liquidation preference of any outstanding
ExxonMobil preferred stock. 

Preemptive Rights.
Holders of ExxonMobil common stock have no preemptive rights to purchase,
subscribe for or otherwise acquire any unissued or treasury shares or other
securities. 

Description of Preferred Stock 

Preferred Stock Outstanding. As of
the date of this filing, no shares of ExxonMobil preferred stock were issued
and outstanding. 

Blank Check Preferred Stock. Under
the ExxonMobil restated certificate of incorporation, the ExxonMobil board of
directors has the authority, without shareholder approval, to create one or
more classes or series within a class of preferred stock, to issue shares of
preferred stock in such class or series up to the maximum number of shares of
the relevant class or series of preferred stock authorized, and to determine
the preferences, rights, privileges and restrictions of any such class or
series, including the dividend rights, voting rights, the rights and terms of
redemption, the rights and terms of conversion, liquidation preferences, the
number of shares constituting any such class or series and the designation of
such class or series. Acting under this authority, the ExxonMobil board of
directors could create and issue a class or series of preferred stock with
rights, privileges or restrictions, and adopt a shareholder rights plan, having
the effect of discriminating against an existing or prospective holder of
securities as a result of such shareholder beneficially owning or commencing a
tender offer for a substantial amount of ExxonMobil common stock. One of the
effects of authorized but unissued and unreserved shares of capital stock may
be to render more difficult or discourage an attempt by a potential acquirer to
obtain control of ExxonMobil by means of a merger, tender offer, proxy contest
or otherwise, and thereby protect the continuity of ExxonMobil’s management.
The issuance of such shares of capital stock may have the effect of delaying,
deferring or preventing a change in control of ExxonMobil without any further
action by the shareholders of ExxonMobil. ExxonMobil has no present intention
to adopt a shareholder rights plan, but could do so without shareholder approval
at any future time. 

ExxonMobil has designated 16,500,000 shares of ExxonMobil
preferred stock as Class A Preferred Stock, none of which are outstanding,
and 165,800 shares of ExxonMobil preferred stock as Class B Preferred Stock,
none of which are outstanding. 

Transfer Agent and Registrar 

Computershare Trust Company, N.A. is the transfer agent and
registrar for ExxonMobil common stock.EXHIBIT 10(iii)(a.3)

November 26,
2019

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
1, 2020, 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 26, 2024; and

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

(i)     
 November  26,  2029,  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 1, 2020. 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. 

 

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. 

 

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Applicable law

The units are subject to forfeiture in whole or in part as the
administrative authority deems necessary to comply with applicable law or
Corporation policy including, without limitation, any clawback obligations
determined to be owed by Grantee to the Corporation in connection with this or
other awards.

7.        Taxes.  Notwithstanding the restrictions on transfer that
otherwise apply, the Corporation in its sole discretion may withhold units, or
shares otherwise deliverable in settlement of units, either at the time of
crediting, at the time of settlement, 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. The Corporation in
its sole discretion may also withhold any required taxes from dividend
equivalents 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.     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.

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

12.     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.

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

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. For more information on data privacy, see the data privacy
statement on the Incentive Award Program Intranet website.

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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.

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