Document:

EXHIBIT 10(iii)(a.3)

November 28,
2018

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, 2019, 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 28, 2023; and

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

(i)    
 November  28,  2028,  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, 2019. 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.

3EXHIBIT 10(iii)(b.1)

 

EXXON MOBIL CORPORATION

 

SHORT TERM INCENTIVE PROGRAM

(as amended November 24, 2009)

       

I.  Purposes

 

The Short Term Incentive
Program is intended to help reward, retain, and motivate selected employees of
the Corporation and its affiliates by recognizing efforts and accomplishments
which contribute materially to the success of the Corporation's business
interests.

 

II.  Definitions

 

In this Program, except where
the context otherwise indicates, the following definitions apply:

 

               (1)      "Administrative authority" means
the Board, a committee designated by the Board, the Chairman of the Board, or
the Chairman's delegates authorized to administer outstanding awards under this
Program, establish requirements and procedures for the operation of the
Program, and to exercise other powers assigned to the administrative authority
under this Program.

 

               (2)      "Affiliate" means a corporation,
partnership, limited liability company, or other entity in which the
Corporation, directly or indirectly, owns an equity interest and which the
administrative authority determines to be an affiliate for purposes of this
Program (including for purposes of determining whether a change of employment
constitutes a termination).

 

               (3)      "Award" means a bonus, bonus
unit, or other award under this Program.

 

               (4)      "Board" means the Board of
Directors of the Corporation.

 

               (5)      "Bonus" means a cash award specific
in amount.

 

               (6)      "Bonus unit" means a potential
cash award whose amount is based upon specified measurement criteria.  The term
bonus unit includes, but is not limited to, earnings bonus units.

 

               (7)      "Compensation Committee" means
the committee of the Board so designated.

 

               (8)      "Corporation" means Exxon Mobil
Corporation, a New Jersey corporation, or its successors.

 

               (9)      "Designated beneficiary" means a
person designated by the grantee of an award pursuant to Section XIII to be
entitled, on the death of the grantee, to any remaining rights arising out of
such award.

 

               (10)    "Detrimental activity" of a
grantee means activity at any time, during or after employment with the
Corporation or an affiliate, that is determined in individual cases by the
administrative authority to be (a) a material violation of applicable
standards, policies, or procedures of the Corporation or an affiliate; or (b) a
material breach of legal or other duties owed by the grantee to the Corporation
or an affiliate; or (c) a material breach of any contract between the grantee
and the Corporation or an affiliate; or (d) acceptance by grantee of duties to
a third party under circumstances that create a material conflict of interest,
or the appearance of a material conflict of interest, with respect to the
grantee's retention of outstanding awards under this Program.  Detrimental
activity includes, without limitation, activity that would be a basis for
termination of employment for cause under applicable law in the United States,
or a comparable standard under applicable law of another jurisdiction.  With respect
to material conflict of interest or the appearance of material conflict of
interest, such conflict or appearance might occur when, for example and without
limitation, a grantee holding an outstanding award becomes employed or
otherwise engaged by an entity that regulates, deals with, or competes with the
Corporation or an affiliate.

 

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(11)      "Earnings
bonus unit" or "EBU" means an award of the potential right to
receive from the Corporation at the settlement date specified in the award
instrument, or at any later payment dates so specified, an amount of cash, up
to the specified maximum settlement value, equal to the Corporation's
cumulative earnings per common share, 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 after the date of grant through the last full quarter preceding the
settlement date.

 

               (12)    "Employee" means an employee of
the Corporation or an affiliate, including a part-time employee or an employee
on military, family, or other approved temporary leave.

 

               (13)    "Exchange Act" means the
Securities Exchange Act of 1934, as in effect from time to time.

 

               (14)    "Grantee" means a recipient of an
award under this Program.

 

               (15)    "Granting authority" means the
Board or any appropriate committee authorized to grant and amend awards under
this Program and to exercise other powers assigned to the granting authority.

 

               (16)    "Net Income Per Common Share
(Basic)" means net income per common share or earnings per share, as
applicable.

 

               (17)    "Program" means this Short Term
Incentive Program, as amended from time to time.

 

               (18)    "Reporting person" means a person
subject to the reporting requirements of Section 16(a) of the Exchange Act.

 

               (19)    "Resign" means to terminate at
the initiative of the employee before standard retirement time.  Resignation
includes, without limitation, early retirement at the initiative of the
employee.  The time or date of a resignation for purposes of this Program is
not necessarily the employee's last day on the payroll.  See Section XI(2).

 

               (20)    "Section 16" means Section 16 of
the Exchange Act, together with the rules and interpretations thereunder, as in
effect from time to time.

 

               (21)    "Standard retirement time" means
(a) for each US-dollar payroll employee, the first day of the month immediately
following the month in which the employee attains age 65; and (b) for each
other employee, the comparable age in that employee's payroll country as
determined by the administrative authority with reference to local law, custom,
and affiliate policies regarding retirement.

 

               (22)    "Terminate" means cease to be an
employee for any reason, whether at the initiative of the employee, the
employer, or otherwise.  That reason could include, without limitation,
resignation or retirement by the employee; discharge of the employee by the
employer, with or without cause; death; transfer of employment to an entity
that is a not an affiliate; or a sale, divestiture, or other transaction as a
result of which an employer ceases to be an affiliate.  A change of employment
from the Corporation or one affiliate to another affiliate, or to the
Corporation, is not a termination.  The time or date of termination is not necessarily
the employee's last day on the payroll.  See Section XI(2).

 

               (23)    "Year" means calendar year.

 

III.  Administration

 

The Board is the ultimate
administrative authority for this Program, with the power to interpret and
administer its provisions.  The Board may delegate its authority to a committee
which, except in the case of the Compensation Committee, need not be a
committee of the Board.  Subject to the authority of the Board or an authorized
committee, the Chairman and his delegates will serve as the administrative authority
for purposes of establishing requirements and procedures for the operation of
this Program; making final determinations and interpretations with respect to
outstanding awards; and exercising other powers assigned to the administrative
authority under this Program.

 

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IV.  No Equity-Security Awards

 

It is intended that this
Program not be subject to the provisions of Section 16 and that awards granted
hereunder not be considered equity securities of the Corporation within the
meaning of Section 16.  Accordingly, no award under this Program will be
payable in any equity security of the Corporation.  In the event an award to a
reporting person under this Program should be deemed to be an equity security
of the Corporation within the meaning of Section 16, such award may, to the
extent permitted by law and deemed advisable by the granting authority, be
amended so as not to constitute such an equity security, or may be annulled. 
Each award to a reporting person under this Program will be deemed issued
subject to the foregoing qualification.

 

V.  Annual Ceiling

 

In respect to each year under
this Program, the Compensation Committee will, pursuant to authority delegated
by the Board, establish a ceiling on the aggregate dollar amount that can be
awarded under this Program.  With respect to bonuses and bonus units granted in
a particular year under this Program, the sum of (1) the aggregate amount of
bonuses, and (2) the aggregate maximum settlement value of bonus units will not
exceed such ceiling.  The Compensation Committee may revise the ceiling from
time to time as it deems appropriate.

 

VI.  Right to Grant Awards;
Reserved Powers; Eligibility

 

               (1)      The Board is the ultimate granting
authority for this Program, with the power to select eligible persons for
participation and to make all decisions concerning the grant or amendment of
awards.  The Board may delegate this authority in whole or in part (a) in the
case of reporting persons, to the Compensation Committee; and (b) in the case of
employees who are not reporting persons, to a committee of two or more persons
who may, but need not, be directors of the Corporation.

 

               (2)      The granting authority has sole discretion
to select persons for awards under this Program, except that grants may be made
only to persons who at the time of grant are, or within the immediately
preceding 12 months have been, employees of the Corporation or of an affiliate
in which the Corporation directly or indirectly holds a 50 percent or greater
equity interest.  No person is entitled to an award as a matter of right, and
the grant of an award under this Program does not entitle a grantee to any
future or additional awards.

 

               (3)      No
award may be granted to a member of the Compensation Committee.

 

VII.  Term

 

This Program will continue
until terminated by the Board.

 

VIII.  Form of Bonus

 

A bonus may be granted either
wholly in cash, wholly in bonus units, or partly in each.

 

IX.  Settlement of Bonuses

 

Each grant will specify the
time and method of settlement as determined by the granting authority.  Each
grant, any portion of which is in bonus units, will specify as the regular time
of settlement for that portion a settlement date, which may be accelerated to
an earlier time specified in the award instrument.

 

X.  Deferred and Installment Settlement; Interest
Equivalents

 

                (1)      The
granting authority may permit or require settlement of any award under this
Program to be deferred and to be made in one or more installments upon such
terms and conditions as the granting authority may determine at the time the
award is granted or by amendment of the award, provided that settlement may not
be made later than the tenth anniversary of the grantee's date of termination.

 

 

3 

 

               (2)      An
award that is to be settled in whole or in part in cash on a deferred basis may
provide for interest equivalents to be credited with respect to the deferred
cash payment or payments upon such terms and conditions as the granting
authority determines.  Interest equivalents may be paid currently or may be
added to the balance of the award amount and compounded, as specified in the
award instrument.  Compounded interest equivalents will be paid in cash upon
settlement or payment of the underlying award and will expire or be forfeited
or cancelled upon the same conditions as the underlying award.  The granting
authority may delegate to the administrative authority the right to determine
the rate or rates at which interest equivalents will accrue.

 

               (3)      Credits of interest equivalents on
outstanding awards are not new grants with reference to the eligibility
provisions of Section VI(2). 

 

               (4)      Credits of interest equivalents will not
be included in any computation to establish compliance with a ceiling
established by the Compensation Committee pursuant to Section V.

 

XI.  Termination; Detrimental Activity

 

               (1)      If a grantee terminates before standard
retirement time, other than by reason of death, all outstanding awards of the
grantee under this Program (including bonuses, bonus units, EBUs, and other
awards not yet paid or settled) will automatically expire and be forfeited as
of the date of termination except to the extent the administrative authority
(which, in the case of reporting persons, must be the Compensation Committee)
determines otherwise.

 

               (2)      For purposes of this Program, the
administrative authority may determine that the time or date an employee
resigns or otherwise terminates is the time or date the employee gives notice
of resignation, accepts employment with another employer, otherwise indicates
an intent to resign, or is discharged.  The time or date of termination for
this purpose is not necessarily the employee's last day on the payroll.

 

               (3)      If the administrative authority (which, in
the case of reporting persons, must be the Compensation Committee) determines
that a grantee has engaged in detrimental activity, whether or not the grantee
is still an employee, then the administrative authority may, effective as of
the time of such determination, cancel and cause to expire all or part of the
grantee's outstanding awards under this Program (including bonuses, bonus
units, EBUs, and other awards not yet paid or settled).

 

               (4)      If the administrative authority is advised
or has reason to believe that a grantee (a) may have engaged in detrimental
activity; or (b) may have accepted employment with another employer or
otherwise indicated an intent to resign, the authority may suspend the
exercise, delivery, or settlement of all or any specified portion of such
grantee's outstanding awards pending an investigation of the matter.

 

XII.  Material Negative Restatement

 

               (1)      If the Corporation's reported financial or
operating results become subject to a material negative restatement, the
Compensation Committee may require any current or former reporting person, as
defined in Section II(18), to pay to the Corporation an amount corresponding to
each award to that person under this Program, or portion of such award, that
the Compensation Committee determines would not have been granted or paid if
the Corporation's results as originally published had been equal to the Corporation's
results as subsequently restated, provided that (a) any requirement or
claim under this Section XII will apply only with respect to grantees who were
reporting persons at the time the applicable amounts were awarded or paid; and
(b) any requirement or claim under this Section XII must be made, if at all,
within five years after the date the amount claimed was originally paid by the
Corporation.  

 

               (2)      The obligations of reporting persons to
make payments under this Section XII are independent of any involvement by those
reporting persons in events that led to the restatement.  The provisions of
this Section XII are in addition to, not in lieu of, any remedies that the
Corporation may have against any persons whose misconduct caused or contributed
to a need to restate the Corporation's reported results.

 

 

4 

XIII. 
Death; Beneficiary Designation

 

Any rights and obligations of
a grantee under this Program in effect at that grantee's death will apply to
that grantee's designated beneficiary or, if there is no designated
beneficiary, to that grantee's estate representative or lawful heirs, as
demonstrated to the satisfaction of the administrative authority.  Beneficiary
designations must be made in writing and in accordance with such requirements
and procedures as the administrative authority may establish.  Unless specified
otherwise in the award instrument, if a grantee dies, the administrative
authority may accelerate or otherwise alter the settlement of deferred awards
to that grantee.

 

XIV.  Amendments to this
Program and Outstanding Awards

 

                (1)      The
Board may from time to time amend this Program.  An amendment of this Program
will, unless the amendment provides otherwise, be immediately and automatically
effective for all outstanding awards.

 

               (2)      Without amending this Program, the
granting authority may amend any one or more outstanding awards under this
Program to incorporate in those awards any terms that could be incorporated in
a new award under this Program.  An award as amended must satisfy any
conditions or limitations applicable to the particular type of award under the
terms of this Program.

 

XV.  Withholding Taxes

 

The Corporation has the right,
in its sole discretion, to deduct or withhold at any time cash otherwise
payable or deliverable in order to satisfy any required withholding, social
security, and similar taxes and contributions with respect to awards under this
Program. 

 

XVI.  Non-US Awards

 

Subject to the limitations
contained in this Program, the granting authority may establish different terms
and conditions for awards to persons who are residents or nationals of
countries other than the United States in order to accommodate the local laws,
tax policies, or customs of such countries.  The granting authority may adopt
one or more supplements or sub-plans under this Program to implement those
different terms and conditions.

 

XVII.  General Provisions

 

               (1)      An award under this Program is not
transferable except by will or the laws of descent and distribution, and is not
subject to attachment, execution, or levy of any kind.  The designation by a
grantee of a designated beneficiary is not a transfer for this purpose.

 

               (2)      A particular form of award may be granted
to a grantee either alone or in addition to other awards hereunder.  The
provisions of particular forms of award need not be the same for each grantee.

 

               (3)      An award may be granted for no
consideration, for the minimum consideration required by applicable law, or for
such other consideration as the granting authority may determine.

 

               (4)      An award may be evidenced in such manner
as the administrative authority determines, including by physical instrument,
by electronic communication, or by book entry.  In the event of any dispute or
discrepancy regarding the terms of an award, the records of the administrative
authority will be determinative.

 

               (5)      The grant of an award under this Program
does not constitute or imply a contract of employment and does not in any way
limit or restrict the ability of the employer to terminate the grantee's
employment, with or without cause, even if such termination results in the
expiration, cancellation, or forfeiture of outstanding awards.

 

               (6)      A grantee will have only a contractual
right to the amounts, if any, payable in settlement of an award under this
Program, unsecured by any assets of the Corporation or any other entity.

 

               (7)      This Program will be governed by the laws
of the State of New York and the United States of America, without regard to
any conflict of law rules.

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