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
Hawaii Performance Stock Option Award Agreement of Special Devices, Inc.
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US-CC-18-392G
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How to fill out Performance Stock Option Award Agreement Of Special Devices, Inc.?
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FAQ
Related to Performance Stock Option (PSO) Grant. Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).
An option award, or sometimes called a stock option award, is a legal agreement between a company and an employee that gives the employee stock options in the company as a form of compensation or bonus.
Performance Stock Options (PSOs) are a specific variety of Performance Price Target award. Vesting of the award is contingent upon the achievement of a market-based performance condition, and optionally, a service condition.
A Performance Share Unit (a ?PSU?) is equal in value to one share of common stock of the Corporation (?Common Stock?). PSUs are generally convertible into shares of Common Stock if and to the extent the associated pre-established performance targets are achieved (see ?Vesting? below).