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.
Hillsborough Florida Stock Option and Award Plan The Hillsborough Florida Stock Option and Award Plan is a comprehensive program designed to incentivize employees, executives, and directors of companies located within Hillsborough County, Florida. This plan provides participants with the opportunity to acquire stock options and other forms of awards, enhancing their motivation and aligning their interests with the success of the company they are affiliated with. The plan offers various types of stock options and awards to cater to different needs and circumstances. These options and awards may include: 1. Stock Options: Hillsborough Florida Stock Option and Award Plan provides employees with the option to purchase company stock at a predetermined price, known as the exercise price. Participants can reap the benefits of any increase in the company's share price upon exercising the options. 2. Restricted Stock Units (RSS): Hillsborough Florida Stock Option and Award Plan may also grant participants RSS, which represent the right to receive actual company shares after a specified vesting period. RSS is an attractive option for employers as they align the interests of employees with the long-term success of the company. 3. Performance-Based Awards: The plan may incorporate performance-based awards, allowing participants to earn additional stock options or awards based on predetermined performance targets. These targets can include financial goals, shareholder value, or other key performance indicators specific to the company's industry. 4. Stock Appreciation Rights (SARS): Hillsborough Florida Stock Option and Award Plan may include SARS, which provide participants with the ability to receive the appreciation in the company's stock value without having to purchase the shares themselves. SARS can be settled in cash or stock, depending on the terms outlined in the plan. 5. Employee Stock Purchase Plan (ESPN): Some companies within Hillsborough County may offer an ESPN as part of the Stock Option and Award Plan, providing employees the opportunity to purchase company stock at a discounted price with after-tax payroll deductions. The Hillsborough Florida Stock Option and Award Plan aims to attract, retain, and motivate talented individuals by offering them an opportunity to share in the company's success. The plan is structured in a way that not only benefits employees but also aligns their interests with the overall strategic goals of the company. By granting stock options, RSS, performance-based awards, SARS, and providing an ESPN, companies can create a comprehensive and flexible program tailored to their specific needs and circumstances, fostering a culture of ownership and drive within the workforce.
Hillsborough Florida Stock Option and Award Plan The Hillsborough Florida Stock Option and Award Plan is a comprehensive program designed to incentivize employees, executives, and directors of companies located within Hillsborough County, Florida. This plan provides participants with the opportunity to acquire stock options and other forms of awards, enhancing their motivation and aligning their interests with the success of the company they are affiliated with. The plan offers various types of stock options and awards to cater to different needs and circumstances. These options and awards may include: 1. Stock Options: Hillsborough Florida Stock Option and Award Plan provides employees with the option to purchase company stock at a predetermined price, known as the exercise price. Participants can reap the benefits of any increase in the company's share price upon exercising the options. 2. Restricted Stock Units (RSS): Hillsborough Florida Stock Option and Award Plan may also grant participants RSS, which represent the right to receive actual company shares after a specified vesting period. RSS is an attractive option for employers as they align the interests of employees with the long-term success of the company. 3. Performance-Based Awards: The plan may incorporate performance-based awards, allowing participants to earn additional stock options or awards based on predetermined performance targets. These targets can include financial goals, shareholder value, or other key performance indicators specific to the company's industry. 4. Stock Appreciation Rights (SARS): Hillsborough Florida Stock Option and Award Plan may include SARS, which provide participants with the ability to receive the appreciation in the company's stock value without having to purchase the shares themselves. SARS can be settled in cash or stock, depending on the terms outlined in the plan. 5. Employee Stock Purchase Plan (ESPN): Some companies within Hillsborough County may offer an ESPN as part of the Stock Option and Award Plan, providing employees the opportunity to purchase company stock at a discounted price with after-tax payroll deductions. The Hillsborough Florida Stock Option and Award Plan aims to attract, retain, and motivate talented individuals by offering them an opportunity to share in the company's success. The plan is structured in a way that not only benefits employees but also aligns their interests with the overall strategic goals of the company. By granting stock options, RSS, performance-based awards, SARS, and providing an ESPN, companies can create a comprehensive and flexible program tailored to their specific needs and circumstances, fostering a culture of ownership and drive within the workforce.
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.