Puerto Rico 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 Puerto Rico Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program designed to provide eligible employees with valuable stock options and incentives in order to align their interests with the company's long-term success. This plan offers various types of stock options and incentives to cater to different preferences and goals. The first type of option available under the Puerto Rico Stock Option and Incentive Plan is the Non-Qualified Stock Option (NO). This option grants employees the right to purchase company stock at a predetermined strike price within a specified timeframe. Nests are typically granted to employees at an exercise price equal to the fair market value on the grant date, allowing them to profit from any appreciation in the stock price. The second type of option is the Incentive Stock Option (ISO). These options are only available to eligible employees and have certain tax advantages. SOS can be exercised at a specified price within a designated time frame, providing employees with the opportunity to acquire company shares and potentially benefit from future stock price increases. Besides stock options, the Puerto Rico Stock Option and Incentive Plan also includes other incentives such as restricted stock units (RSS) and performance stock units (Plus). RSS are grants of company stock that vest over a specified period and are subject to certain conditions. On the other hand, Plus link vesting and payout to the achievement of predefined performance goals, such as financial targets or stock price milestones. The Puerto Rico Stock Option and Incentive Plan of Church Companies, Inc. aims to motivate and retain talented employees by rewarding their contributions to the company's growth and profitability. This comprehensive plan provides different types of stock options and incentives to cater to the diverse needs and goals of employees, allowing them to participate in the company's success and potentially realize financial gains. It serves as a powerful tool to attract and retain top talent, fostering a culture of ownership and alignment with shareholders' interests.

The Puerto Rico Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program designed to provide eligible employees with valuable stock options and incentives in order to align their interests with the company's long-term success. This plan offers various types of stock options and incentives to cater to different preferences and goals. The first type of option available under the Puerto Rico Stock Option and Incentive Plan is the Non-Qualified Stock Option (NO). This option grants employees the right to purchase company stock at a predetermined strike price within a specified timeframe. Nests are typically granted to employees at an exercise price equal to the fair market value on the grant date, allowing them to profit from any appreciation in the stock price. The second type of option is the Incentive Stock Option (ISO). These options are only available to eligible employees and have certain tax advantages. SOS can be exercised at a specified price within a designated time frame, providing employees with the opportunity to acquire company shares and potentially benefit from future stock price increases. Besides stock options, the Puerto Rico Stock Option and Incentive Plan also includes other incentives such as restricted stock units (RSS) and performance stock units (Plus). RSS are grants of company stock that vest over a specified period and are subject to certain conditions. On the other hand, Plus link vesting and payout to the achievement of predefined performance goals, such as financial targets or stock price milestones. The Puerto Rico Stock Option and Incentive Plan of Church Companies, Inc. aims to motivate and retain talented employees by rewarding their contributions to the company's growth and profitability. This comprehensive plan provides different types of stock options and incentives to cater to the diverse needs and goals of employees, allowing them to participate in the company's success and potentially realize financial gains. It serves as a powerful tool to attract and retain top talent, fostering a culture of ownership and alignment with shareholders' interests.