Guam Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-341
• Format: Word; Rich Text

Description

18-341 18-341 . . . Stock Option and Incentive Plan under which Compensation Committee can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Restricted Shares, (d) Performance Shares (which are converted into cash upon satisfaction of specified performance goals established on one or more of following business criteria: earnings per share, return on equity, return on assets, operating income, or market value per share), and (e) Affiliated, Freestanding and Tandem Stock Appreciation Rights. Committee has discretion to establish special rules applicable to awards to grantees outside of United States in order to comply with foreign law or practice The Guam Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to incentivize and reward employees for their contributions and performance. This plan offers various types of stock options and incentives to eligible participants, providing them with the opportunity to benefit from the company's success. The Guam Stock Option and Incentive Plan comprises different types of grants, including non-qualified stock options, incentive stock options, performance shares, restricted stock units, and stock appreciation rights. Each grant has its unique features and benefits, allowing participants to choose the most suitable option according to their preferences and objectives. Non-qualified stock options (Nests) are one type of grant within the plan. These options provide participants with the right to purchase a specified number of company shares at a predetermined exercise price within a particular time frame. Nests are often offered to a broader group of employees and may have more flexibility in terms of timing and eligibility requirements. Incentive stock options (SOS) are another type of grant available under the plan. SOS offer participants the opportunity to purchase company shares at a favorable exercise price, usually lower than the current market value, after meeting specific criteria and holding periods. This type of stock option is generally provided to key employees and could have potential tax advantages for the participant. Performance shares are a form of equity-based compensation included in the Guam Stock Option and Incentive Plan. These grants are tied to specific performance goals or metrics, such as the company's financial performance or individual performance targets. Participants will receive a predetermined number of shares if the objectives are met, usually over a multi-year performance period. Restricted stock units (RSS) are another component of the plan. RSS grant participants the right to receive company shares after a vesting period, typically with certain restrictions or conditions. The shares are awarded without the need for any purchase, and the participant becomes a shareholder upon vesting. Stock appreciation rights (SARS) represent a different type of incentive available in the plan. SARS provide participants with the opportunity to profit from the appreciation in the company's stock price over a set period. After exercising the SARS, participants receive the difference between the market price of the shares and the grant price in cash or stock. The Guam Stock Option and Incentive Plan of Church Companies, Inc. is designed to align the interests of employees with the company's success, fostering a culture of ownership and motivation. By offering a range of grants, including non-qualified stock options, incentive stock options, performance shares, restricted stock units, and stock appreciation rights, the plan caters to the diverse needs and goals of eligible participants. Through this comprehensive compensation program, Church Companies aims to attract, retain, and reward its top talent while driving long-term value creation.

The Guam Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to incentivize and reward employees for their contributions and performance. This plan offers various types of stock options and incentives to eligible participants, providing them with the opportunity to benefit from the company's success. The Guam Stock Option and Incentive Plan comprises different types of grants, including non-qualified stock options, incentive stock options, performance shares, restricted stock units, and stock appreciation rights. Each grant has its unique features and benefits, allowing participants to choose the most suitable option according to their preferences and objectives. Non-qualified stock options (Nests) are one type of grant within the plan. These options provide participants with the right to purchase a specified number of company shares at a predetermined exercise price within a particular time frame. Nests are often offered to a broader group of employees and may have more flexibility in terms of timing and eligibility requirements. Incentive stock options (SOS) are another type of grant available under the plan. SOS offer participants the opportunity to purchase company shares at a favorable exercise price, usually lower than the current market value, after meeting specific criteria and holding periods. This type of stock option is generally provided to key employees and could have potential tax advantages for the participant. Performance shares are a form of equity-based compensation included in the Guam Stock Option and Incentive Plan. These grants are tied to specific performance goals or metrics, such as the company's financial performance or individual performance targets. Participants will receive a predetermined number of shares if the objectives are met, usually over a multi-year performance period. Restricted stock units (RSS) are another component of the plan. RSS grant participants the right to receive company shares after a vesting period, typically with certain restrictions or conditions. The shares are awarded without the need for any purchase, and the participant becomes a shareholder upon vesting. Stock appreciation rights (SARS) represent a different type of incentive available in the plan. SARS provide participants with the opportunity to profit from the appreciation in the company's stock price over a set period. After exercising the SARS, participants receive the difference between the market price of the shares and the grant price in cash or stock. The Guam Stock Option and Incentive Plan of Church Companies, Inc. is designed to align the interests of employees with the company's success, fostering a culture of ownership and motivation. By offering a range of grants, including non-qualified stock options, incentive stock options, performance shares, restricted stock units, and stock appreciation rights, the plan caters to the diverse needs and goals of eligible participants. Through this comprehensive compensation program, Church Companies aims to attract, retain, and reward its top talent while driving long-term value creation.