Franklin Ohio Opción de compra de acciones y plan de adjudicación - Stock Option and Award Plan

• Category: Sociedades Anónimas - Valores
• State: Multi-State
• County: Franklin
• Control #: US-C-18-323
• Format: Word

Description

This form is a Stock Option and Award Plan. The purpose of the plan is to secure for the stockholders the benefits of the incentive in stock ownership. The transactions are intended to comply with all applicable conditions of Rule 16b-3. Franklin Ohio Stock Option and Award Plan is a comprehensive compensation program offered by the city of Franklin, Ohio, to attract and retain talented employees. This plan provides opportunities for employees to acquire stock options and awards as part of their overall compensation package. The Franklin Ohio Stock Option and Award Plan offer various types of incentives to eligible employees. These include: 1. Stock Options: This type of award provides employees with the right to purchase company stock at a specified price, known as the grant price or exercise price. Stock options typically have a vesting period, during which employees must fulfill certain conditions, such as completing a specific number of years of service, to exercise their options. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to employees at a future date. Unlike stock options, RSS do not require any payment from employees but are subject to vesting conditions. Once RSS vest, employees receive the actual shares of company stock. 3. Performance Shares: Performance shares are awarded based on the achievement of predetermined performance goals, such as meeting specific revenue targets or achieving certain key performance indicators. These awards provide employees with an opportunity to share in the company's success and performance. 4. Stock Appreciation Rights (SARS): SARS entitle employees to receive the value of the appreciation in the company's stock price, without actually owning the underlying shares. Employees can choose to cash out their SARS or convert them into company stock. The Franklin Ohio Stock Option and Award Plan aim to motivate and reward employees by aligning their interests with the success of the organization. By offering stock options and various types of awards, the plan enables employees to become shareholders and benefit from the company's growth and profitability. It is important to note that the specific terms and conditions of the Franklin Ohio Stock Option and Award Plan may vary for different employees or employee groups. These variations can include the number of options or awards granted, vesting periods, exercise prices, and performance criteria. Overall, the Franklin Ohio Stock Option and Award Plan serves as a valuable tool to attract, retain, and incentivize talented individuals to contribute to the success and growth of the city of Franklin, Ohio, while providing them with an opportunity to participate in the company's financial achievements.

Franklin Ohio Stock Option and Award Plan is a comprehensive compensation program offered by the city of Franklin, Ohio, to attract and retain talented employees. This plan provides opportunities for employees to acquire stock options and awards as part of their overall compensation package. The Franklin Ohio Stock Option and Award Plan offer various types of incentives to eligible employees. These include: 1. Stock Options: This type of award provides employees with the right to purchase company stock at a specified price, known as the grant price or exercise price. Stock options typically have a vesting period, during which employees must fulfill certain conditions, such as completing a specific number of years of service, to exercise their options. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to employees at a future date. Unlike stock options, RSS do not require any payment from employees but are subject to vesting conditions. Once RSS vest, employees receive the actual shares of company stock. 3. Performance Shares: Performance shares are awarded based on the achievement of predetermined performance goals, such as meeting specific revenue targets or achieving certain key performance indicators. These awards provide employees with an opportunity to share in the company's success and performance. 4. Stock Appreciation Rights (SARS): SARS entitle employees to receive the value of the appreciation in the company's stock price, without actually owning the underlying shares. Employees can choose to cash out their SARS or convert them into company stock. The Franklin Ohio Stock Option and Award Plan aim to motivate and reward employees by aligning their interests with the success of the organization. By offering stock options and various types of awards, the plan enables employees to become shareholders and benefit from the company's growth and profitability. It is important to note that the specific terms and conditions of the Franklin Ohio Stock Option and Award Plan may vary for different employees or employee groups. These variations can include the number of options or awards granted, vesting periods, exercise prices, and performance criteria. Overall, the Franklin Ohio Stock Option and Award Plan serves as a valuable tool to attract, retain, and incentivize talented individuals to contribute to the success and growth of the city of Franklin, Ohio, while providing them with an opportunity to participate in the company's financial achievements.

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.