Nebraska Stock Option Plan of Hayes Wheels International, Inc., which provides for grant of Incentive Stock Options and Nonqualified Stock Options

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-345E
• Format: Word; Rich Text

Description

18-345E 18-345E . . . Stock Option Plan which provides for grant of Incentive Stock Options and Non-qualified Stock Options and (b) initial option grants to certain named officers, employees and consultants which contain specific Time Conditions and Performance Conditions as follows: number of shares underlying each option grant is divided into five equal portions which are designated Tranche A through Tranche E. Twenty percent of shares included in each of Tranches A through E shall satisfy Time Condition if optionee is employee or consultant on January 31, 1997 and on each January 31 thereafter. One hundred percent of shares included in each of Tranches A through E satisfy Performance Condition if average per share price of common stock for any consecutive twenty trading days on principal exchange on which common stock is traded equals or exceeds following prices: Tranche A - $16 per share, Tranche B - $32 per share, Tranche C - $48 per share, Tranche D - $64 per share, Tranche E - $80 per share. Notwithstanding above, Initial Grants become fully exercisable on ninth anniversary of date of grant The Nebraska Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to incentivize employees by granting them stock options. These options can be categorized into two types: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are a type of stock option granted by the Nebraska Stock Option Plan that provides certain tax advantages to employees. These options are typically granted to key employees and executives, with the intention of aligning their interests with the long-term success of the company. SOS have specific criteria that need to be met, such as holding the options for a certain period of time before exercising them and limiting the total value of SOS that can be exercised in any given year. Nonqualified Stock Options (SOS), also known as nonstatutory stock options, are another type of stock option granted under the Nebraska Stock Option Plan. Unlike SOS, SOS do not provide any special tax treatment for employees. These options can be granted to a wider range of employees, including non-executive personnel and consultants. SOS offer more flexibility in terms of exercise timing and do not have the same limitations as SOS. The Nebraska Stock Option Plan of Hayes Wheels International, Inc. aims to provide a variety of stock option grants to employees, both in terms of eligibility criteria and tax implications. Through this plan, employees are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price or strike price. The value of these stock options may increase based on the future performance of the company, offering employees the potential to share in the company's success. Overall, the Nebraska Stock Option Plan of Hayes Wheels International, Inc. serves as a valuable tool for attracting and retaining talented employees by providing them with a stake in the company's growth. It motivates employees to work towards increasing shareholder value and contributes to a culture of ownership and long-term commitment within the organization.

The Nebraska Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to incentivize employees by granting them stock options. These options can be categorized into two types: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are a type of stock option granted by the Nebraska Stock Option Plan that provides certain tax advantages to employees. These options are typically granted to key employees and executives, with the intention of aligning their interests with the long-term success of the company. SOS have specific criteria that need to be met, such as holding the options for a certain period of time before exercising them and limiting the total value of SOS that can be exercised in any given year. Nonqualified Stock Options (SOS), also known as nonstatutory stock options, are another type of stock option granted under the Nebraska Stock Option Plan. Unlike SOS, SOS do not provide any special tax treatment for employees. These options can be granted to a wider range of employees, including non-executive personnel and consultants. SOS offer more flexibility in terms of exercise timing and do not have the same limitations as SOS. The Nebraska Stock Option Plan of Hayes Wheels International, Inc. aims to provide a variety of stock option grants to employees, both in terms of eligibility criteria and tax implications. Through this plan, employees are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price or strike price. The value of these stock options may increase based on the future performance of the company, offering employees the potential to share in the company's success. Overall, the Nebraska Stock Option Plan of Hayes Wheels International, Inc. serves as a valuable tool for attracting and retaining talented employees by providing them with a stake in the company's growth. It motivates employees to work towards increasing shareholder value and contributes to a culture of ownership and long-term commitment within the organization.