3M 2015 Annual Report Download - page 127
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(x)"RestrictedStock"meanssharesofCommonStockgrantedtoaParticipantunderthePlansubjecttocertainrestrictions
duringtheRestrictedPeriodestablishedbytheCommittee.
(y)“RestrictedStockUnit”meanstherightofaParticipanttoreceiveanamountofcashorCommonStockbasedontheFair
MarketValueofaspecifiednumberofsharesofCommonStockfollowingaRestrictedStockPeriod,subjecttosuchterms
andconditionsastheCommitteemayestablish.
(z)“Retires”or“Retirement”means:
(i) withrespecttoAwardsgrantedunderthePlanpriortoJanuary1,2016,theterminationofaParticipant's
employmentwiththeCompanyoranAffiliateafterattainingage55withatleastfiveyearsofemploymentservice;and
(ii)withrespecttoAwardsgrantedunderthePlanonorafterJanuary1,2016,theterminationofa
Participant'semploymentwiththeCompanyoranAffiliateafterattainingage55withatleasttenyearsofemployment
service.
(aa)"StockAppreciationRight"meansaParticipant'srighttoreceiveanamountofcashorsharesofCommonStockequalto
theexcessoftheFairMarketValueofaspecifiednumberofsharesofCommonStockonthedatetherightisexercised
overtheFairMarketValueofsuchnumberofsharesofCommonStockontheGrantDate.
(bb)"StockAward”meansanyawardofCommonStockunderthePlanandmayincludeRestrictedStockawardsorother
awardsofCommonStockasdeterminedappropriatebytheCommittee.
3.Eligibility.
TheCommitteewillhavetheexclusivepowerandauthority(exceptasitmaydelegatesuchpowerandauthorityaspermittedherein)
toselecttheexecutivesandotheremployeesoftheCompanyanditsAffiliateswhomayparticipateinthisPlanbyreceivingAwards
madehereunder.Allnonemployeemembersofthe3MBoardofDirectorsshallalsobeeligibletoparticipateinandreceiveAwards
madehereunder.
4.SharesAvailableforAwards.
UnlessotherwiseauthorizedbytheCompany’sstockholders,thetotalnumberofsharesofCommonStockthatmaybeissuedor
deliveredpursuanttoAwardsgrantedunderthisPlanwillbe100,000,000.Ofthistotal,nomorethan100,000,000maybeissuedor
deliveredupontheexerciseofIncentiveStockOptions.ThenecessarysharesshallbemadeavailableatthediscretionoftheBoard
ofDirectorsfromauthorizedbutunissuedshares,treasuryshares,orsharesreacquiredbytheCompanyundercorporaterepurchase
programs.
ThefollowingrulesshallapplyforthepurposeofdeterminingthenumberofsharesofCommonStockremainingavailablefor
issuanceunderthePlan:
(a)IfanAwardisdenominatedinafixednumberofsharesofCommonStockontheGrantDate,thenumberof
sharescoveredbysuchAward(asinthecaseofanOptionorRestrictedStockgrant)ortowhichsuchAwardrelates(asinthecase
ofaStockAppreciationRight)willbecountedontheGrantDateagainstthetotalnumberofsharesavailableforissuanceordelivery
underthePlan.IfanAwardisnotdenominatedinafixednumberofsharesofCommonStockontheGrantDate(butispotentially
payableinsuchsharesorthefinalnumberofsharesisnotdetermineduntilthecompletionofaPerformancePeriod),onlythe
numberofsharesofCommonStockactuallyissuedordeliveredasaresultofsuchAward,ifany,shallbecountedagainstthetotal
numberofsharesavailableforissuanceordeliveryunderthePlan.
(b)NotwithstandingtheprovisionsofSection4(a)above,eachFullValueAwardwillbecountedagainstthetotal
numberofsharesavailableforissuanceordeliveryunderthePlanaccordingtothefollowingtable:
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