Arkansas Stock Option Plan of Hayes Wheels International, Inc., which provides for grant of Incentive Stock Options and Nonqualified Stock Options

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-345E
• Format: Word; Rich Text

Description

18-345E 18-345E . . . Stock Option Plan which provides for grant of Incentive Stock Options and Non-qualified Stock Options and (b) initial option grants to certain named officers, employees and consultants which contain specific Time Conditions and Performance Conditions as follows: number of shares underlying each option grant is divided into five equal portions which are designated Tranche A through Tranche E. Twenty percent of shares included in each of Tranches A through E shall satisfy Time Condition if optionee is employee or consultant on January 31, 1997 and on each January 31 thereafter. One hundred percent of shares included in each of Tranches A through E satisfy Performance Condition if average per share price of common stock for any consecutive twenty trading days on principal exchange on which common stock is traded equals or exceeds following prices: Tranche A - $16 per share, Tranche B - $32 per share, Tranche C - $48 per share, Tranche D - $64 per share, Tranche E - $80 per share. Notwithstanding above, Initial Grants become fully exercisable on ninth anniversary of date of grant The Arkansas Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program that allows the company to grant its employees Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These stock options serve as a valuable component of the company's compensation and incentivization strategy. Under this plan, employees are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price. The grant of SOS and SOS allows employees to acquire an ownership stake in the company, aligning their interests with those of the shareholders and promoting a sense of loyalty and dedication. Incentive Stock Options (SOS) are one type of stock option available through this plan. These options offer favorable tax treatment to the employees, provided certain conditions are met. SOS are typically granted to key employees and carry certain restrictions, such as a maximum exercise period of ten years from the date of grant. Nonqualified Stock Options (SOS), on the other hand, do not offer the same tax advantages as SOS. SOS can be granted to employees at all levels and are more flexible in terms of their exercise price and exercise period. Employees who exercise SOS are subject to ordinary income tax on the difference between the fair market value and exercise price at the time of exercise. Through the Arkansas Stock Option Plan, Hayes Wheels International, Inc. aims to attract and retain talented individuals, motivate employees to contribute to the company's growth, and ensure that the interests of the employees are aligned with those of the shareholders. The availability of both SOS and SOS allows the plan to cater to employees with different needs and circumstances, providing substantial flexibility in designing compensation packages. In summary, the Arkansas Stock Option Plan of Hayes Wheels International, Inc. offers Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) as part of its comprehensive compensation and incentivization strategy. The plan grants employees the opportunity to acquire ownership in the company, fostering loyalty and aligning interests. SOS provide tax advantages, while SOS are more flexible and can be granted to employees at all levels. This plan plays a crucial role in attracting, retaining, and motivating talented individuals within the organization.

The Arkansas Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program that allows the company to grant its employees Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These stock options serve as a valuable component of the company's compensation and incentivization strategy. Under this plan, employees are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price. The grant of SOS and SOS allows employees to acquire an ownership stake in the company, aligning their interests with those of the shareholders and promoting a sense of loyalty and dedication. Incentive Stock Options (SOS) are one type of stock option available through this plan. These options offer favorable tax treatment to the employees, provided certain conditions are met. SOS are typically granted to key employees and carry certain restrictions, such as a maximum exercise period of ten years from the date of grant. Nonqualified Stock Options (SOS), on the other hand, do not offer the same tax advantages as SOS. SOS can be granted to employees at all levels and are more flexible in terms of their exercise price and exercise period. Employees who exercise SOS are subject to ordinary income tax on the difference between the fair market value and exercise price at the time of exercise. Through the Arkansas Stock Option Plan, Hayes Wheels International, Inc. aims to attract and retain talented individuals, motivate employees to contribute to the company's growth, and ensure that the interests of the employees are aligned with those of the shareholders. The availability of both SOS and SOS allows the plan to cater to employees with different needs and circumstances, providing substantial flexibility in designing compensation packages. In summary, the Arkansas Stock Option Plan of Hayes Wheels International, Inc. offers Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) as part of its comprehensive compensation and incentivization strategy. The plan grants employees the opportunity to acquire ownership in the company, fostering loyalty and aligning interests. SOS provide tax advantages, while SOS are more flexible and can be granted to employees at all levels. This plan plays a crucial role in attracting, retaining, and motivating talented individuals within the organization.