The Indiana Stock Option and Long Term Incentive Plan is a comprehensive compensation program established by Golf Technology Holding, Inc., a renowned golf technology company based in Indiana. This plan is designed to attract, motivate, and retain talented employees by providing them with opportunities for equity-based rewards and long-term incentives. Under the Indiana Stock Option and Long Term Incentive Plan, eligible employees are granted stock options and other equity-based awards as a form of compensation. These awards allow employees to purchase shares of Golf Technology Holding, Inc.'s common stock at a predetermined price, known as the exercise price, during a specified period. There are different types of stock options and long-term incentives offered under this plan, including: 1. Non-Qualified Stock Options (Nests): These stock options are granted to employees at a price higher than the fair market value of the company's stock at the date of grant. Nests offer employees the flexibility to exercise their options at any time during the specified exercise period. 2. Incentive Stock Options (SOS): SOS are special stock options that provide certain tax advantages to eligible employees. They are granted at a price equal to or greater than the fair market value of the company's stock on the date of grant. To qualify for the tax advantages, employees must meet specific holding requirements. In addition to stock options, Golf Technology Holding, Inc. may also offer other long-term incentives as part of this plan. These incentives can include restricted stock units (RSS), performance share units (Plus), or other equity awards that vest over a predefined period, contingent upon achieving specified performance goals or remaining employed with the company. The Indiana Stock Option and Long Term Incentive Plan of Golf Technology Holding, Inc. is meticulously designed to align the interests of employees with the long-term success of the company. By offering equity-based compensation, it motivates and rewards employees for their dedication, performance, and contribution in driving the growth and profitability of Golf Technology Holding, Inc.
Indiana Stock Option and Long Term Incentive Plan of Golf Technology Holding, Inc.
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