3M 2015 Annual Report Download - page 140
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Please find page 140 of the 2015 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(k)“GrantDate”shallmeantheeffectivedateofanAwardgrantedtoaParticipantunderthe2005Program.
(l) 'Incentive Stock Option" shall mean an Option granted to a Participant under the 2005 Program which satisfies the
requirementsofsection422oftheCodeandissodesignatedinthewrittenorelectronicdocumentsevidencingsuchOption.
(m)“MSOPAdministrator”shallmeantheentityretainedbytheCompanytoadministerthe2005Program.
(n) "Nonqualified Stock Option" shall mean an Option granted to a Participant under the 2005 Program which is not
anIncentiveStockOption.
(o) "Option " shall mean a Participant's right to purchase the number of shares of Common Stock approved by the
Company,subject tothetermsandconditions ofthe2005Program,andthetermshallincludebothIncentiveStockOptionsand
NonqualifiedOptions.
(p)"Participant"shallmeananyemployeeoftheCompanywhoisdesignatedasaParticipantbytheCommittee.
(q)"2002Program"shallmeantheCompany's2002ManagementStockOwnershipProgram.
(r)“2005Program”shallmeantheCompany’s2005ManagementStockOwnershipProgram.
(s) “Progressive Stock Option” shall mean an Option granted to a Participant under the 2005 Program upon the exercise of
aNonqualifiedStockOptiongrantedunderthe2002ProgramoritspredecessorswheresuchParticipantmakespaymentforallor
partofthepurchasepriceandwithholdingtaxesinsharesofCommonStock.
(t) "Restricted Period" shall mean that period of time determined by the Committee during which a Participant shall not be
permittedtosellortransfersharesofRestrictedStockgrantedunderthe2005Program,orpriortothetime whenaParticipant’s
interestinRestrictedStockUnitsgrantedunderthis2005Programshallhavevested.
(u) "Restricted Stock" shall mean that Common Stock granted to a Participant subject to the Conditions established by the
Committee.
(v) “Restricted Stock Unit” shall mean a stock unit granted to a Participant with a value equal to the value of a share of
CommonStock,subjecttotheConditionsestablishedbytheCommittee.
(w) “Retires” or "Retirement" shall mean the termination of a Participant’s employment with the Company (i) after
attainingage55withatleastfiveyearsofemployment service orafterattainingage65,or(ii) iftheParticipantiscoveredbya
retirement plan of the Company which enables such Participant to retire before attaining age 55 with at least five years of
employmentserviceorage65,aftermeetingtherequirementsforretirementunderaretirementplanoftheCompany.
(x) "Stock Appreciation Right" shall mean a Participant's right to receive an amount of cash or shares of Common Stock
equaltotheexcessoftheFairMarketValueofaspecifiednumberofsharesofCommonStockonthedatetherightisexercisedover
theFairMarketValueofsuchnumberofsharesofCommonStockontheGrantDate.
(y) "Stock Award" shall mean any award of Common Stock under the Program and may include Restricted Stock awards or
otherawardsofCommonStockasdeterminedappropriatebytheCommittee.
SECTION3SHARESAVAILABLEFORAWARDS
ThenumberofsharesofCommonStockthatmaybeissuedordeliveredasaresultofOptions,RestrictedStock,RestrictedStock
UnitsorotherStockAwardsgrantedduringthetermofthe2005Program,ormadesubjecttoStockAppreciationRightsgranted
duringthetermofthe2005Program,is36,750,000.Ofthistotal,nomorethan36,750,000sharesmaybegrantedasIncentiveStock
Options.AnysharesissuedordeliveredasaresultofAwardsgrantedduring
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