Nebraska 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 Nebraska Stock Option and Incentive Plan is a comprehensive compensation program implemented by Church Companies, Inc., a leading provider of computerized machine tools. This plan aims to incentivize and motivate employees by granting them stock options and other performance-based benefits. Under the Nebraska Stock Option and Incentive Plan, eligible employees have the opportunity to receive stock options, which give them the right to purchase shares of Church Companies, Inc. stock at a predetermined price, known as the exercise price. These stock options are typically granted as a reward for outstanding performance or as a long-term retention tool. There are several types of stock options available within this plan, including: 1. Non-Qualified Stock Options (SOS): These options are granted to employees and do not comply with the eligibility requirements for Incentive Stock Options. SOS are subject to standard income tax rules upon exercise. 2. Incentive Stock Options (SOS): These options are designed to provide employees with significant tax advantages. SOS are subject to certain restrictions, such as a maximum exercise price and a holding period requirement. When exercised, SOS may qualify for favorable tax treatment, resulting in potential long-term capital gains tax rates. 3. Restricted Stock Units (RSS): In addition to stock options, the Nebraska Stock Option and Incentive Plan may also include RSS. RSS is a promise to deliver stock at a future date, subject to certain conditions. Unlike stock options, RSS do not require an employee to purchase shares, but rather provide them with appreciation rights. 4. Performance Shares: This type of stock option is generally tied to specific performance goals or metrics. If the predetermined targets are achieved, employees may be granted additional shares or stock options. Performance shares are an effective way to align employee interests with the overall success of Church Companies, Inc. The Nebraska Stock Option and Incentive Plan of Church Companies, Inc. serves as a valuable tool for attracting and retaining top talent, as well as aligning employees' interests with the long-term growth and success of the company. It encourages employees to contribute their best efforts, thereby strengthening the overall performance of Church Companies, Inc. in the market.

The Nebraska Stock Option and Incentive Plan is a comprehensive compensation program implemented by Church Companies, Inc., a leading provider of computerized machine tools. This plan aims to incentivize and motivate employees by granting them stock options and other performance-based benefits. Under the Nebraska Stock Option and Incentive Plan, eligible employees have the opportunity to receive stock options, which give them the right to purchase shares of Church Companies, Inc. stock at a predetermined price, known as the exercise price. These stock options are typically granted as a reward for outstanding performance or as a long-term retention tool. There are several types of stock options available within this plan, including: 1. Non-Qualified Stock Options (SOS): These options are granted to employees and do not comply with the eligibility requirements for Incentive Stock Options. SOS are subject to standard income tax rules upon exercise. 2. Incentive Stock Options (SOS): These options are designed to provide employees with significant tax advantages. SOS are subject to certain restrictions, such as a maximum exercise price and a holding period requirement. When exercised, SOS may qualify for favorable tax treatment, resulting in potential long-term capital gains tax rates. 3. Restricted Stock Units (RSS): In addition to stock options, the Nebraska Stock Option and Incentive Plan may also include RSS. RSS is a promise to deliver stock at a future date, subject to certain conditions. Unlike stock options, RSS do not require an employee to purchase shares, but rather provide them with appreciation rights. 4. Performance Shares: This type of stock option is generally tied to specific performance goals or metrics. If the predetermined targets are achieved, employees may be granted additional shares or stock options. Performance shares are an effective way to align employee interests with the overall success of Church Companies, Inc. The Nebraska Stock Option and Incentive Plan of Church Companies, Inc. serves as a valuable tool for attracting and retaining top talent, as well as aligning employees' interests with the long-term growth and success of the company. It encourages employees to contribute their best efforts, thereby strengthening the overall performance of Church Companies, Inc. in the market.