New Jersey 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 New Jersey Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program aimed at providing incentives to employees and executives of the company through various stock-based compensation methods. This plan is designed to attract, motivate, and retain talented individuals by offering them the opportunity to receive stock options, stock appreciation rights, restricted stock units, and other equity-based awards. The stock options provided under the plan grant employees the right to purchase a specified number of common shares of Church Companies, Inc. at a predetermined price, also known as the exercise price. These options typically have a designated vesting period during which the employee must wait before exercising them. The exercise price is usually set at the fair market value of the stock on the date of grant. In addition to stock options, the plan also includes stock appreciation rights (SARS) as an alternative form of equity-based compensation. SARS is similar to stock options but do not require the employee to purchase shares. Instead, an employee who holds SARS is entitled to receive the appreciation in the company's stock value between the grant date and the exercise date. This provides employees with the ability to benefit from company growth without having to pay an exercise price. Another component of the plan is the issuance of restricted stock units (RSS). RSS are awards that are granted to employees, which convert into actual shares of Church Companies, Inc. stock after a predetermined vesting period. During this vesting period, the employee typically cannot sell, transfer, or pledge the RSS. Upon the vesting date, the RSS are converted into shares of common stock, and the employee receives the value of such shares. The New Jersey Stock Option and Incentive Plan of Church Companies, Inc. offers employees various types of equity-based awards, including stock options, stock appreciation rights, and restricted stock units. These awards serve as powerful tools to attract and retain top talent while aligning the interests of employees with the long-term success and growth of Church Companies, Inc.

The New Jersey Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program aimed at providing incentives to employees and executives of the company through various stock-based compensation methods. This plan is designed to attract, motivate, and retain talented individuals by offering them the opportunity to receive stock options, stock appreciation rights, restricted stock units, and other equity-based awards. The stock options provided under the plan grant employees the right to purchase a specified number of common shares of Church Companies, Inc. at a predetermined price, also known as the exercise price. These options typically have a designated vesting period during which the employee must wait before exercising them. The exercise price is usually set at the fair market value of the stock on the date of grant. In addition to stock options, the plan also includes stock appreciation rights (SARS) as an alternative form of equity-based compensation. SARS is similar to stock options but do not require the employee to purchase shares. Instead, an employee who holds SARS is entitled to receive the appreciation in the company's stock value between the grant date and the exercise date. This provides employees with the ability to benefit from company growth without having to pay an exercise price. Another component of the plan is the issuance of restricted stock units (RSS). RSS are awards that are granted to employees, which convert into actual shares of Church Companies, Inc. stock after a predetermined vesting period. During this vesting period, the employee typically cannot sell, transfer, or pledge the RSS. Upon the vesting date, the RSS are converted into shares of common stock, and the employee receives the value of such shares. The New Jersey Stock Option and Incentive Plan of Church Companies, Inc. offers employees various types of equity-based awards, including stock options, stock appreciation rights, and restricted stock units. These awards serve as powerful tools to attract and retain top talent while aligning the interests of employees with the long-term success and growth of Church Companies, Inc.