The Georgia Executive Employee Stock Incentive Plan (GEE SIP) is a compensation program offered by Georgia-based companies to incentivize and reward key executives for their outstanding contributions and performance within the organization. This plan grants eligible executives the opportunity to purchase company stocks at discounted prices or receive them as bonuses, providing them with a vested interest in the company's success. Under the GEE SIP, executives can acquire stocks through various means, such as stock options, restricted stock units (RSS), or performance-based stock awards. Each of these types of grants has its unique features and requirements, serving different purposes within the incentive plan. 1. Stock Options: Executives granted stock options under GEE SIP are given the right to purchase a certain number of company shares at a predetermined price, known as the exercise price or strike price. These options usually have a specific vesting period, during which the executive has to remain employed by the company to exercise their right to buy the shares. Stock options provide executives with the potential to profit from the growth in company stock value over time. 2. Restricted Stock Units (RSS): RSS are another type of incentive commonly offered under the GEE SIP. Instead of granting executives the immediate right to purchase shares, RSS are awards that guarantee the delivery of company shares to executives at a future date, typically upon vesting. RSS are subject to specific performance milestones or time-based vesting schedules, aligning the interests of executives with the long-term growth and stability of the company. 3. Performance-Based Stock Awards: This type of stock incentive is typically tied to predetermined performance goals, such as financial metrics, market share growth, or individual performance targets. Executives are granted shares based on the achievement of these objectives, reinforcing the connection between their efforts and the overall performance of the company. Performance-based stock awards provide an additional motivation for executives to drive positive results and align their interests with those of the company's shareholders. The Georgia Executive Employee Stock Incentive Plan is designed to attract and retain top talent, incentivize performance-driven results, and align executive interests with the company's growth objectives. It encourages executives to think long-term and contribute to the company's success, leading to increased shareholder value and overall organizational prosperity.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.