Exxon Mobil Corporation Restricted Stock Grant Letter for Non-Employee Directors (2024)
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Summary
Exxon Mobil Corporation has granted 2,500 shares of restricted stock to a non-employee director under its 2004 Non-Employee Director Restricted Stock Plan. The shares are held in the director's name but cannot be sold or transferred during the restricted period. The director can vote the shares and receive dividends. The restriction ends when the director leaves the Board after reaching retirement age, leaves in good standing before retirement age, or upon death. The director must accept the terms, including transfer restrictions and possible forfeiture, and may designate a beneficiary for the shares.
EX-10.(III)(F3) 5 xomexhibit10iiif3123123.htm FORM OF RESTRICTED STOCK GRANT LETTER FOR NON-EMPLOYEE DIRECTORS Document
EXHIBIT 10(iii)(f.3)
| Exxon Mobil Corporation | Craig S. Morford | |||||||||||||
| 22777 Springwoods Village Parkway | Vice President, General Counsel & Secretary | |||||||||||||
| Spring, TX 77389 | Law Department | |||||||||||||
 | ||||||||||||||
| January 2, 2024 | ||||||||||||||
[Name of Non-Employee Director]
I am pleased to inform you that on January 2, 2024, you were granted 2,500 shares of restricted stock under Exxon Mobil Corporation's 2004 Non-Employee Director Restricted Stock Plan (the "Plan") and in accordance with the Board's standing resolution regarding grants under the Plan. This letter summarizes key terms of your award and is qualified by reference to the Plan. You should refer to the text of the Plan for a detailed description of the terms and conditions of your award. Copies of the Plan have been previously distributed to you and are also available on request to me at any time.
The restricted stock has been registered in your name and will be held in book-entry form by the Corporation's agent during the restricted period. As the owner of record, you have the right to vote the shares and receive cash dividends. However, during the restricted period the shares may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and your restricted stock account will be subject to stop transfer instructions. When the restricted period expires, shares will be delivered to or for your account free of restrictions.
The restricted period for this award began at the time of grant. The restricted period will expire on the earliest of grantee leaving the Board after reaching retirement age (currently age 75), leaving the Board in good standing (as determined by the Board) before reaching retirement age, or by reason of death. By accepting this award, you agree to all its terms and conditions, including the restrictions on transfer and events of forfeiture.
You are entitled to designate a beneficiary for your restricted stock account. Please contact Micki Sage at ###-###-#### for the necessary form should you wish to do so. Additional information concerning your award, including information on the tax consequences of your award and certain additional information required by the Securities Act of 1933, is also enclosed with this letter.
Should you have any questions concerning the Plan or this award, please feel free to contact me at ###-###-####.
Sincerely,
[signed by Craig S. Morford]
Enclosures
