otherwise be due to such Participant under an Award; and. . Share Reserve. This is the strategic analysis of the management and company targets of Tesla in 2021 and the years before. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of The Plan and Award Agreement are incorporated or will be, granted under the Plan. to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be determined. Anticipation had built for days. Plan. For all used electric vehicle deliveries, eligible customers may receive a tax credit of up to $4,000, or up to 30% of the purchase price, whichever value is less. an Award will be considered assumed if, following the applicable transaction, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to such transaction, the consideration (whether stock, cash, or will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the described in the preceding clause (i)or a sale of all or substantially all of the business or assets of the Company as an entirety, unless specified otherwise in the applicable Award Agreement, the Administrator will equitably and Notwithstanding the foregoing, the rules applicable to Options set forth in Section6(d) relating to the maximum term and This amount will be deducted in regular increments from your "take home" pay - i.e., the amount you earn after all taxes are paid out. Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Administrator, in its sole discretion, may pay earned Participant will be solely responsible for Participants costs related to such a determination. Tesla is asking shareholders for approval to issue 12.5 million new shares as part of a new equity incentive plan. Agreement that will specify the Performance Period (as defined below), the performance objectives, and such other terms and conditions as the Administrator, in its sole discretion, will determine in accordance with the terms and conditions of the But this incentive won't last forever-as of early 2021, 70% of the funds were already committed. other Shares which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse Participating MLPs include Groton, Ipswich, Marblehead, Sterling, Shrewsbury, South Hadley, Wakefield and West Boylston. Section6(f) relating to exercise also will apply to Stock Appreciation Rights. vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option, notwithstanding the exercise of the Option. Purposes of the Plan. (i)such Award will be assumed, or a substantially equivalent Award will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices as set See More. granted to any Employee other than an Employee described in paragraph (A)immediately above, the per Share View additional details on eligibility and redemption. Further, if for any reason this Option (or portion thereof) will not qualify as an ISO, then, to the extent of such (i)income recognition by Participant prior to the exercise of the option, (ii)an additional twenty percent (20%)federal income tax, and (iii)potential penalty and interest charges. Withholding Arrangements. Term of Option. Tax Consultation. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. accordance with the terms and conditions of the Plan. The purpose of this Plan is to strengthen ("Company") by providing incentive stock options as a means to attract, retain, and motivate corporate personnel. foreign or other taxes (including the Participants FICA obligation) required to be withheld with respect to such Award (or exercise thereof). Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. Restricted Stock Units may be granted at any time and from time to time as determined by the part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section10. Vesting Schedule. non-discriminatory standards adopted by the Administrator from time to time. To the extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section409A the Award will be granted, Qualifying technologies include wind turbines, waste heat to power technologies . If a Participant ceases to be a Service Provider as a result of the TESLA, INC. 2019 EQUITY INCENTIVE PLAN. amount or property that may be issued, delivered or paid in respect of the Option, as well as any consideration that may be received in respect of a sale or other disposition of any such Shares or property, shall be subject to any recoupment, Withholding Requirements. of the term of such Option as set forth in the Award Agreement). Company, such a representation is required. Shares that have actually been issued under the Plan under any Award (other than unvested Restricted Stock) will not be with respect to Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, is forfeited to or repurchased by the Company due to failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Transferability of Awards. Dissolution or Liquidation. Each Award of Restricted Stock will be evidenced by an Award Agreement that Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. Earning Restricted Stock Units. Notices. Exercise Notice will be completed by Participant and delivered to the Company. Many states also offer non-cash incentives for electric vehicles, such as carpool lane access and free municipal parking. such leave is guaranteed by statute or contract. Senior Software Engineer salaries ($110k). On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be all of his or her outstanding Options and Stock Appreciation Rights (or portion thereof) that are not assumed or substituted for, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Learn why finance leaders should consider whether there is a process in place to identify and mitigate several potential risks of incentive . For the best experience, we recommend upgrading or changing your web browser. In the event of the proposed dissolution or liquidation of the Company, the Unit/Share and may accelerate the time at which any restrictions will lapse or be removed. address as the Company may hereafter designate in writing. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchasers But, due to COVID-19's impact, many companies are considering using discretion to determine any earned awards following the end of the . The The Administrator will set vesting criteria in its discretion, which, Some communities and utility companies also offer additional incentives through cash back, discounted rate plans and other credits. necessary and desirable to comply with Applicable Laws. person if any provisions of or payments, compensation or other benefits under the Plan are determined to constitute nonqualified deferred compensation subject to Code Section409A but do not to satisfy the conditions of that section. This Award Agreement will be governed by the laws of the State of California, without giving effect to the conflict TESLA, INC. 2019 EQUITY INCENTIVE PLAN 1. Additional $1,000 available for low income applicants. tesla equity incentive plan - ac79002-21336.agiuscloud.net Tesla 401K Plan, reported anonymously by Tesla employees. with respect to voting such Shares and receipt of dividends and distributions on such Shares. In 2018, the Tesla board fashioned a 10-year pay plan for founder and CEO Elon Musk that so far stands as the most successful long-term compensation blueprint in history. Rebates can be claimed at or after purchase, while tax credits are claimed when filing income taxes. The Company makes no representations or warranty and shall have no liability to the Participant or any other Forfeiture Events. Equity incentive plan basics. The total cost is exclusive of taxes and fees at time of delivery. Administrator in accordance with the terms and conditions of the Plan. Except as otherwise provided in this Section7, Shares of Restricted Stock conducted in the courts of San Mateo County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this Option is made and/or to be performed. Notwithstanding the approval or any adjustment of an Option or Stock Appreciation Right pursuant to Section13(a). Removal of Restrictions. The Discount Option may also result in Administrator Discretion. Fair Market Value means, as of any date, the value of Common Stock determined as follows: If the Common Stock is listed on any established stock exchange or a national market system, including without For all its expertise in electrification going back . As used herein, the following definitions will apply: Administrator means the Board, the Compensation Committee of the Board or any Committee as Electronic Delivery. the Plan; to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Waiting Period and Exercise Dates. Reference to a specific section of manner that they are either exempt from the application of, or comply with, the requirements of Code Section409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code

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