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

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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 Pennsylvania Stock Option Plan (POP) of Hayes Wheels International, Inc. is a program designed to grant employees of the company the opportunity to purchase company stock at a discounted price. POP offers two types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are stock options that provide certain tax advantages to employees. These options are generally offered to key employees and have strict requirements for eligibility and exercise. SOS are subject to special tax treatment, allowing employees to potentially qualify for favorable long-term capital gains tax rates upon the sale of the stock. Nonqualified Stock Options (SOS), also known as nonstatutory stock options, are stock options that do not qualify for the same tax benefits as SOS. These options are typically offered to a broader range of employees and have more flexibility in terms of eligibility and exercise. SOS are subject to regular income tax rates upon exercise, and any subsequent gain upon the sale of the stock is also taxed as ordinary income. The Pennsylvania Stock Option Plan (POP) of Hayes Wheels International, Inc. aims to provide employees with a means to share in the company's success by allowing them to purchase company stock at a favorable price. The plan is designed to incentivize and align the interests of employees with the long-term growth and performance of the company. By offering both Incentive Stock Options and Nonqualified Stock Options, Hayes Wheels International, Inc. provides employees with options that suit their specific circumstances and goals.

Pennsylvania Stock Option Plan (POP) of Hayes Wheels International, Inc. is a program designed to grant employees of the company the opportunity to purchase company stock at a discounted price. POP offers two types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are stock options that provide certain tax advantages to employees. These options are generally offered to key employees and have strict requirements for eligibility and exercise. SOS are subject to special tax treatment, allowing employees to potentially qualify for favorable long-term capital gains tax rates upon the sale of the stock. Nonqualified Stock Options (SOS), also known as nonstatutory stock options, are stock options that do not qualify for the same tax benefits as SOS. These options are typically offered to a broader range of employees and have more flexibility in terms of eligibility and exercise. SOS are subject to regular income tax rates upon exercise, and any subsequent gain upon the sale of the stock is also taxed as ordinary income. The Pennsylvania Stock Option Plan (POP) of Hayes Wheels International, Inc. aims to provide employees with a means to share in the company's success by allowing them to purchase company stock at a favorable price. The plan is designed to incentivize and align the interests of employees with the long-term growth and performance of the company. By offering both Incentive Stock Options and Nonqualified Stock Options, Hayes Wheels International, Inc. provides employees with options that suit their specific circumstances and goals.

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