The Guam Stock Option and Long Term Incentive Plan is a comprehensive program established by Golf Technology Holding, Inc. to provide incentivized compensation to its employees and executives. This plan allows eligible participants to receive stock options and long-term incentives based on their performance and contributions to the company's success. Designed to attract and retain talented individuals, the Guam Stock Option and Long Term Incentive Plan offers several types of awards to participants. These include: 1. Stock Options: Under this plan, employees and executives are granted the right to purchase a specified number of shares of Golf Technology Holding, Inc. stock at a predetermined price, known as the exercise price. Stock options typically have a vesting period, after which employees can exercise their options and acquire the company's shares. This allows participants to benefit from any potential appreciation in the stock's value. 2. Restricted Stock Units (RSS): RSS are another form of incentive granted to eligible participants. Unlike stock options, RSS represent the right to receive actual shares of the company's stock at a future date, generally after a specified vesting period. Once vested, RSS are settled by delivering the corresponding number of shares to the participant, without requiring any additional payments. 3. Performance Share Units (Plus): The Guam Stock Option and Long Term Incentive Plan may also include Plus. These units are awarded based on pre-determined performance goals or targets established by the company. Successful attainment of these objectives leads to the conversion of Plus into actual shares of Golf Technology Holding, Inc. stock. Plus often have specific performance periods and vesting schedules, encouraging participants to drive the company's performance and achieve set goals. The overall purpose of the Guam Stock Option and Long Term Incentive Plan is to align participants' interests with those of the company's shareholders. By awarding stock-based incentives, Golf Technology Holding, Inc. seeks to motivate employees and executives to contribute to the company's growth, profitability, and long-term success. These plans aim to encourage loyalty, enhance retention rates, and attract top talent in the industry. Please note that the specific details and provisions of the Guam Stock Option and Long Term Incentive Plan may vary, and interested individuals should refer to the official documentation provided by Golf Technology Holding, Inc. for comprehensive information.
Guam Stock Option and Long Term Incentive Plan of Golf Technology Holding, Inc.
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