Caterpillar Inc. 2023 Long-Term Incentive Plan Nonqualified Stock Option Award Notice (China Payroll Addendum)

Contract Categories: Business Finance › Warrant Agreements
Summary

This agreement is between Caterpillar Inc. and an employee in China, granting the employee nonqualified stock options under the company's 2023 Long-Term Incentive Plan. The notice specifies the grant date, number of shares, option price, and expiration date. It also states that the options can only be exercised using a mandatory cashless, sell-all or sell-to-cover method, unless Caterpillar decides otherwise.

Read More Arrow
EX-10.5 6 ex105_xformofnqsoawardpurs.htm EX-10.5 Document
EXHIBIT 10.5
Caterpillar Inc.
2023 Long-Term Incentive Plan
Nonqualified Stock Option Award Notice – China Payroll Addendum


%%FIRST_NAME_MIDDLE_NAME_LAST_NAME%-%

    Grant Date:    %%OPTION_DATE,'Month DD, YYYY'%-%    
    Grant Number:    %%OPTION_NUMBER%-%    
    Units Granted:    %%TOTAL_SHARES_GRANTED,'999,999,999'%-%
    Option Price:    %%OPTION_PRICE,'$999,999,999.99'%-%
    Expiration Date:    %%EXPIRE_DATE_PERIOD1,'Month DD, YYYY'%-%
        

Notwithstanding any provision in the Award Notice or the Plan to the contrary, unless and until the Company determines otherwise, the method of exercise of the Option Award shall be limited to a mandatory cashless, sell-all/sell-to-cover exercise method.

Caterpillar: Confidential Green