Maine 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 The Maine Performance Stock Option Award Agreement refers to a specific type of compensation agreement offered by Special Devices, Inc. It is a contractual agreement entered into between the company and its employees, granting them the opportunity to participate in the company's performance-based stock option plan. Under this agreement, employees are given the right to purchase a predetermined number of company shares at a specified exercise price, within a designated period. The exercise price is typically set at the fair market value of the shares at the time of grant. The stock options awarded through this agreement are subject to certain performance conditions that must be met for the options to vest and become exercisable. There might be variations or different types of Maine Performance Stock Option Award Agreements offered by Special Devices, Inc. These can include: 1. Annual Performance Stock Option Awards: These agreements are granted on an annual basis, typically as part of an ongoing compensation plan. The performance conditions associated with these awards may be tied to specific financial targets, such as revenue growth, profitability, or shareholder value. 2. Long-Term Performance Stock Option Awards: These agreements are designed to incentivize long-term performance and are granted over an extended period, often spanning multiple years. The performance conditions may incorporate a combination of quantitative and qualitative factors, including strategic objectives, operational efficiency, or market performance. 3. Performance Stock Option Awards for Key Personnel: Certain agreements may be specifically tailored for key management or executive personnel within the organization. These awards typically carry higher grant values and may have more complex performance criteria, often linked to the company's overall performance or individual achievements. 4. Merit-Based Performance Stock Option Awards: Special Devices, Inc. may offer performance stock option agreements based on individual employee performance or merit. These agreements might be granted to exceptional performers or employees who have made significant contributions to the company's success. In conclusion, the Maine Performance Stock Option Award Agreement of Special Devices, Inc. is a compensation arrangement that grants employees the right to purchase company shares at a predetermined price based on specific performance conditions. While there may be different variations of these agreements, they all serve the purpose of aligning employee incentives with the company's overall performance and success.

The Maine Performance Stock Option Award Agreement refers to a specific type of compensation agreement offered by Special Devices, Inc. It is a contractual agreement entered into between the company and its employees, granting them the opportunity to participate in the company's performance-based stock option plan. Under this agreement, employees are given the right to purchase a predetermined number of company shares at a specified exercise price, within a designated period. The exercise price is typically set at the fair market value of the shares at the time of grant. The stock options awarded through this agreement are subject to certain performance conditions that must be met for the options to vest and become exercisable. There might be variations or different types of Maine Performance Stock Option Award Agreements offered by Special Devices, Inc. These can include: 1. Annual Performance Stock Option Awards: These agreements are granted on an annual basis, typically as part of an ongoing compensation plan. The performance conditions associated with these awards may be tied to specific financial targets, such as revenue growth, profitability, or shareholder value. 2. Long-Term Performance Stock Option Awards: These agreements are designed to incentivize long-term performance and are granted over an extended period, often spanning multiple years. The performance conditions may incorporate a combination of quantitative and qualitative factors, including strategic objectives, operational efficiency, or market performance. 3. Performance Stock Option Awards for Key Personnel: Certain agreements may be specifically tailored for key management or executive personnel within the organization. These awards typically carry higher grant values and may have more complex performance criteria, often linked to the company's overall performance or individual achievements. 4. Merit-Based Performance Stock Option Awards: Special Devices, Inc. may offer performance stock option agreements based on individual employee performance or merit. These agreements might be granted to exceptional performers or employees who have made significant contributions to the company's success. In conclusion, the Maine Performance Stock Option Award Agreement of Special Devices, Inc. is a compensation arrangement that grants employees the right to purchase company shares at a predetermined price based on specific performance conditions. While there may be different variations of these agreements, they all serve the purpose of aligning employee incentives with the company's overall performance and success.