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Document Preview Nonemployee Director Restricted Stock Plan [Amended and Restated 2000] |
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Title: |
Nonemployee Director Restricted Stock Plan [Amended and Restated 2000] |
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Date: |
2000 |
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Preview shows 2KB of 9KB total |
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Price: |
$37 |
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ID: |
#203761 |
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EXXON MOBIL CORPORATION
1997 NONEMPLOYEE DIRECTOR RESTRICTED STOCK PLAN
(as amended and restated effective October 1, 2000)
I. Purpose. The purpose of the 1997 Nonemployee Director Restricted Stock
Plan is to provide ownership of the Corporation's common stock to nonemployee
members of the Board in order to improve the Corporation's ability to attract
and retain highly qualified individuals to serve as directors of the
Corporation; to provide competitive remuneration for Board service; to enhance
the breadth of nonemployee director remuneration; and to strengthen the
commonality of interest between directors and shareholders.
II. Effective Date. The Plan was originally adopted by the Board on
January 29, 1997. The amendment and restatement of the Plan adopted by the
Board on September 27, 2000, shall become effective October 1, 2000.
III. Definitions. In this Plan, the following definitions apply:
(1) "Award" means a restricted stock award granted under this Plan.
(2) "Board" means the Board of Directors of the Corporation.
(3) "Common stock" means Corporation common stock without par value.
(4) "Corporation" means Exxon Mobil Corporation, a New Jersey
corporation.
(5) "Disability" means a medically determinable physical or mental
impairment which renders a participant substantially unable to
function as a director of the Corporation.
(6) "Nonemployee director" means any member of the Corporation's Board
who is not also an employee of the Corporation or of any affiliate
of the Corporation.
(7) "Participant" means each nonemployee director to whom a restricted
stock award is granted under the Plan.
(8) "Plan" means this Exxon Mobil Corporation 1997 Nonemployee Director
Restricted Stock Plan.
(9) "Restricted period" means the period of time from the date of grant
of an award until the restrictions lapse.
(10) "Restricted stock" means any share of common stock granted under
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