Oregon 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 Oregon Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive employee benefit program that offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible employees of the company. These stock options provide employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. Incentive Stock Options (SOS) are a type of stock option that can offer valuable tax advantages to employees. Under this plan, employees are granted the right to purchase company stock at a discounted price, known as the exercise price. SOS typically have certain requirements and restrictions, such as a limit on the number of shares that can be granted to an individual and a minimum holding period before the shares can be sold without incurring additional tax liabilities. Nonqualified Stock Options (SOS) are another form of stock option granted under this plan. SOS do not offer the same tax advantages as SOS but may be more flexible in their terms and conditions. Like SOS, SOS provide employees with the right to purchase company stock at a predetermined price. However, SOS are typically subject to immediate taxation on the difference between the exercise price and the fair market value of the stock at the time of exercise. The Oregon Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by allowing them to participate in the company's growth and success. By granting stock options, the company aligns employee interests with shareholder interests and provides an opportunity for employees to share in the potential future value of the company's stock. In conclusion, the Oregon Stock Option Plan of Hayes Wheels International, Inc. comprises both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS offer tax advantages, while SOS provide more flexibility but are subject to immediate taxation. These stock options are designed to reward and incentivize eligible employees, fostering a sense of ownership and alignment with the company's goals.

The Oregon Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive employee benefit program that offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible employees of the company. These stock options provide employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. Incentive Stock Options (SOS) are a type of stock option that can offer valuable tax advantages to employees. Under this plan, employees are granted the right to purchase company stock at a discounted price, known as the exercise price. SOS typically have certain requirements and restrictions, such as a limit on the number of shares that can be granted to an individual and a minimum holding period before the shares can be sold without incurring additional tax liabilities. Nonqualified Stock Options (SOS) are another form of stock option granted under this plan. SOS do not offer the same tax advantages as SOS but may be more flexible in their terms and conditions. Like SOS, SOS provide employees with the right to purchase company stock at a predetermined price. However, SOS are typically subject to immediate taxation on the difference between the exercise price and the fair market value of the stock at the time of exercise. The Oregon Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by allowing them to participate in the company's growth and success. By granting stock options, the company aligns employee interests with shareholder interests and provides an opportunity for employees to share in the potential future value of the company's stock. In conclusion, the Oregon Stock Option Plan of Hayes Wheels International, Inc. comprises both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS offer tax advantages, while SOS provide more flexibility but are subject to immediate taxation. These stock options are designed to reward and incentivize eligible employees, fostering a sense of ownership and alignment with the company's goals.