Oregon 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 Oregon Stock Option and Incentive Plan is a comprehensive compensation program established by Church Companies, Inc., a leading industrial technology company. This plan aims to attract and retain talented employees by offering them attractive stock option and incentive packages. Designed to align the interests of employees and shareholders, it provides participants with a unique opportunity to share in the company's success. The Oregon Stock Option and Incentive Plan of Church Companies, Inc. consists of several types of grants and incentives. These include: 1. Stock Options: The plan offers employees the chance to purchase company stock at a predetermined price, known as the exercise price. By providing this option, Church motivates employees to contribute to the company's growth and value creation. 2. Restricted Stock Units (RSS): In addition to stock options, the plan may also include RSS. RSS are units of company stock that are granted to employees, subject to certain restrictions. Upon meeting predetermined vesting criteria, employees receive the underlying stock. 3. Performance-Based Bonuses: The plan might encompass performance-based bonuses that are tied to specific performance objectives or metrics. These bonuses serve as an additional incentive for employees to achieve individual and company-wide goals. 4. Employee Stock Purchase Plan (ESPN): An ESPN enables employees to purchase company stock at a discounted price, usually with after-tax contributions deducted from their paycheck. This program encourages employees to become company shareholders while providing them with long-term investment opportunities. 5. Cash Bonuses: Church's plan may reward high-performing employees with cash bonuses based on individual or team achievements. These bonuses can recognize exceptional contributions and motivate employees to excel in their roles. Through the Oregon Stock Option and Incentive Plan, Church Companies, Inc. demonstrates its commitment to attracting, motivating, and retaining a highly skilled workforce. By offering a variety of stock-based grants, restricted stock units, performance-based bonuses, employee stock purchase plans, and cash bonuses, the company ensures that employees are rewarded for their dedication, efforts, and commitment to achieving both personal and organizational goals.

The Oregon Stock Option and Incentive Plan is a comprehensive compensation program established by Church Companies, Inc., a leading industrial technology company. This plan aims to attract and retain talented employees by offering them attractive stock option and incentive packages. Designed to align the interests of employees and shareholders, it provides participants with a unique opportunity to share in the company's success. The Oregon Stock Option and Incentive Plan of Church Companies, Inc. consists of several types of grants and incentives. These include: 1. Stock Options: The plan offers employees the chance to purchase company stock at a predetermined price, known as the exercise price. By providing this option, Church motivates employees to contribute to the company's growth and value creation. 2. Restricted Stock Units (RSS): In addition to stock options, the plan may also include RSS. RSS are units of company stock that are granted to employees, subject to certain restrictions. Upon meeting predetermined vesting criteria, employees receive the underlying stock. 3. Performance-Based Bonuses: The plan might encompass performance-based bonuses that are tied to specific performance objectives or metrics. These bonuses serve as an additional incentive for employees to achieve individual and company-wide goals. 4. Employee Stock Purchase Plan (ESPN): An ESPN enables employees to purchase company stock at a discounted price, usually with after-tax contributions deducted from their paycheck. This program encourages employees to become company shareholders while providing them with long-term investment opportunities. 5. Cash Bonuses: Church's plan may reward high-performing employees with cash bonuses based on individual or team achievements. These bonuses can recognize exceptional contributions and motivate employees to excel in their roles. Through the Oregon Stock Option and Incentive Plan, Church Companies, Inc. demonstrates its commitment to attracting, motivating, and retaining a highly skilled workforce. By offering a variety of stock-based grants, restricted stock units, performance-based bonuses, employee stock purchase plans, and cash bonuses, the company ensures that employees are rewarded for their dedication, efforts, and commitment to achieving both personal and organizational goals.