California Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-392G
• Format: Word; Rich Text

Description

18-392G 18-392G . . . Performance Stock Option Award Agreement that is exercisable eight years after date of grant only if, during first year following date of grant, corporation's earnings per share is equal to or exceeds a target level established by Board of Directors for the initial period and during second year after date of grant, corporation's earnings per share is equal to or exceeds a target level to be established by Board of Directors for such subsequent period California Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions of stock option awards given to employees of Special Devices, Inc. based in California. This agreement is designed to incentivize and reward employees for their exceptional performance, dedication, and contribution towards the growth and success of the company. The California Performance Stock Option Award Agreement provides employees with the opportunity to purchase a specific number of stock options at a pre-determined price, known as the exercise price. These options can be exercised after a predetermined period, known as the vesting period, and are subject to certain performance criteria being met. There are different types of California Performance Stock Option Award Agreements of Special Devices, Inc., such as: 1. Performance-Based Stock Option Agreement: This type of agreement sets specific performance targets that employees need to achieve in order to exercise their stock options. The performance targets may be based on the company's financial performance, individual performance goals, or other metrics set by the company. 2. Time-Based Stock Option Agreement: This agreement allows employees to exercise their stock options after a specific period of time, usually referred to as the vesting period. The vesting period can span over several years and is designed to encourage employee loyalty and long-term commitment to the company. 3. Change of Control Stock Option Agreement: This type of agreement comes into effect when there is a change in control of the company, such as a merger, acquisition, or sale. It provides employees with the opportunity to exercise their stock options in case of a change in ownership, ensuring that they can benefit from their hard work and dedication even during significant corporate events. 4. Performance and Time-Based Stock Option Agreement: This agreement combines both performance criteria and a specified vesting period. It sets certain performance targets that need to be met within a specific time frame to exercise the stock options. This type of agreement encourages employees to perform exceptionally well while also rewarding long-term commitment. In summary, the California Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions of granting stock options to employees in California. It provides employees with the opportunity to purchase company stock at a predetermined price, subject to certain performance criteria or vesting periods. The agreement aims to incentivize and reward employees for their exceptional performance and contribution towards the success of Special Devices, Inc.

California Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions of stock option awards given to employees of Special Devices, Inc. based in California. This agreement is designed to incentivize and reward employees for their exceptional performance, dedication, and contribution towards the growth and success of the company. The California Performance Stock Option Award Agreement provides employees with the opportunity to purchase a specific number of stock options at a pre-determined price, known as the exercise price. These options can be exercised after a predetermined period, known as the vesting period, and are subject to certain performance criteria being met. There are different types of California Performance Stock Option Award Agreements of Special Devices, Inc., such as: 1. Performance-Based Stock Option Agreement: This type of agreement sets specific performance targets that employees need to achieve in order to exercise their stock options. The performance targets may be based on the company's financial performance, individual performance goals, or other metrics set by the company. 2. Time-Based Stock Option Agreement: This agreement allows employees to exercise their stock options after a specific period of time, usually referred to as the vesting period. The vesting period can span over several years and is designed to encourage employee loyalty and long-term commitment to the company. 3. Change of Control Stock Option Agreement: This type of agreement comes into effect when there is a change in control of the company, such as a merger, acquisition, or sale. It provides employees with the opportunity to exercise their stock options in case of a change in ownership, ensuring that they can benefit from their hard work and dedication even during significant corporate events. 4. Performance and Time-Based Stock Option Agreement: This agreement combines both performance criteria and a specified vesting period. It sets certain performance targets that need to be met within a specific time frame to exercise the stock options. This type of agreement encourages employees to perform exceptionally well while also rewarding long-term commitment. In summary, the California Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions of granting stock options to employees in California. It provides employees with the opportunity to purchase company stock at a predetermined price, subject to certain performance criteria or vesting periods. The agreement aims to incentivize and reward employees for their exceptional performance and contribution towards the success of Special Devices, Inc.