Exxon Mobil (XOM)

X. Restricted Stock; Restricted Stock Units

Subject to the terms of this Program, restricted stock and restricted stock units may be granted to selected persons upon such terms and conditions as the granting authority determines, including: the duration and conditions of the applicable restricted periods; whether or not, in the case of restricted stock, the grantee has the right to vote the shares or receive dividends; and, in the case of restricted stock units, the method of settlement, which may be in cash, shares, or a combination thereof.  However, except in case of death (which is covered in Section XVI), the restricted period for restricted stock and restricted stock units granted under this Section X may not be less than three years from the date the award is approved by the granting authority.

Restricted stock and restricted units

The following table summarizes information about restricted stock and restricted stock units, including those shares from former Mobil plans, for the nine months ended September 30, 2006.

As of September 30, 2006, there was $952 million of unrecognized compensation cost related to the nonvested restricted awards.  This cost is expected to be recognized over a weighted-average period of 4.3 years.  The compensation cost charged against income for the restricted stock and restricted units was $112 million and $80 million for the three months ended September 30, 2006, and 2005, respectively.  The income tax benefit recognized in income related to this compensation expense was $15 million and $14 million for the same periods, respectively.  The compensation cost charged against income for the restricted stock and restricted units was $407 million and $311 million for the nine months ended September 30, 2006, and 2005, respectively.  The income tax benefit recognized in income related to this compensation expense was $56 million in each of the respective periods.

Restricted stock and restricted units

The following table summarizes information about restricted stock and restricted stock units, including those shares from former Mobil plans, for the six months ended June 30, 2006.

As of June 30, 2006, there was $1,053 million of unrecognized compensation cost related to the nonvested restricted awards.  This cost is expected to be recognized over a weighted-average period of 4.5 years.  The compensation cost charged against income for the restricted stock and restricted units was $101 million and $149 million for the three months ended June 30, 2006, and 2005, respectively.  The total income tax benefit recognized in income related to this compensation expense was $18 million and $29 million for the same periods, respectively.  The compensation cost charged against income for the restricted stock and restricted units was $295 million and $231 million for the six months ended June 30, 2006, and 2005, respectively.  The total income tax benefit recognized in income related to this compensation expense was $53 million and $42 million for the same periods, respectively.

Restricted stock and restricted units

The following table summarizes information about restricted stock and restricted stock units, including those shares from former Mobil plans, for the three months ended March 31, 2006.

As of March 31, 2006, there was $1,158 million of unrecognized compensation cost related to the nonvested restricted awards.  This cost is expected to be recognized over a weighted-average period of 4.6 years.  The compensation cost charged against income for the restricted stock and restricted units was $194 million and $82 million for the three months ended March 31, 2006, and 2005, respectively.  The total income tax benefit recognized in income related to this compensation expense was $35 million and $13 million for the same periods, respectively.