Minnesota 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 Minnesota Stock Option and Incentive Plan (MSO IP) of Church Companies, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with stock options and incentive awards. This plan is specifically tailored to meet the needs of the company and comply with the regulations of the state of Minnesota. Under the MSO IP, eligible employees are granted stock options that give them the right to purchase a specified number of shares of Church Companies, Inc. stock at a predetermined price within a defined period. These options serve as a valuable tool for motivating employees, aligning their interests with those of the company, and allowing them to share in the financial success of the organization. In addition to stock options, the MSO IP offers various types of incentive awards to eligible employees. These awards may include restricted stock units (RSS), performance share units (Plus), and stock appreciation rights (SARS). Each of these awards has its own unique features and benefits, providing employees with different opportunities to participate in the growth and success of the company. The RSS grant employees the right to receive shares of Church Companies, Inc. stock at a future date once certain conditions are met. This incentivizes employees to remain with the company and contribute to its long-term success. On the other hand, Plus are performance-based awards that are tied to specific performance goals or metrics. Employees receive a certain number of shares based on the achievement of these goals, further aligning their efforts with the company's objectives. SARS, however, provide employees with the right to receive the appreciation in the value of Church Companies, Inc. stock over a specified period. This type of award allows employees to benefit from an increase in the company's stock price without actually owning the stock itself, offering them flexibility and potential financial gain. Overall, the Minnesota Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive and flexible compensation program that aims to attract, motivate, and retain top talent within the company. By providing employees with stock options and various types of incentive awards, this plan ensures that employees are rewarded for their contributions and have a vested interest in the company's success.

The Minnesota Stock Option and Incentive Plan (MSO IP) of Church Companies, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with stock options and incentive awards. This plan is specifically tailored to meet the needs of the company and comply with the regulations of the state of Minnesota. Under the MSO IP, eligible employees are granted stock options that give them the right to purchase a specified number of shares of Church Companies, Inc. stock at a predetermined price within a defined period. These options serve as a valuable tool for motivating employees, aligning their interests with those of the company, and allowing them to share in the financial success of the organization. In addition to stock options, the MSO IP offers various types of incentive awards to eligible employees. These awards may include restricted stock units (RSS), performance share units (Plus), and stock appreciation rights (SARS). Each of these awards has its own unique features and benefits, providing employees with different opportunities to participate in the growth and success of the company. The RSS grant employees the right to receive shares of Church Companies, Inc. stock at a future date once certain conditions are met. This incentivizes employees to remain with the company and contribute to its long-term success. On the other hand, Plus are performance-based awards that are tied to specific performance goals or metrics. Employees receive a certain number of shares based on the achievement of these goals, further aligning their efforts with the company's objectives. SARS, however, provide employees with the right to receive the appreciation in the value of Church Companies, Inc. stock over a specified period. This type of award allows employees to benefit from an increase in the company's stock price without actually owning the stock itself, offering them flexibility and potential financial gain. Overall, the Minnesota Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive and flexible compensation program that aims to attract, motivate, and retain top talent within the company. By providing employees with stock options and various types of incentive awards, this plan ensures that employees are rewarded for their contributions and have a vested interest in the company's success.