Document:

EXHIBIT 10(iii)(a.3)

November 30, 2016

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, 2017, 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 30, 2021; and 

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

(i)       November 30, 2026, 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, 2017. 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.

1

 

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.

 

2

 

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

  
	
   

  	
  Number

  	
  Value Per

  	
  Value of

  
	
  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 30, 2016 (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.

(c) Provisional awards held by executive
officers may also be subject to cancellation 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.

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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