South Carolina Employee Stock Option Plan of Manugistics Group, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-155E
• Format: Word; Rich Text

Description

18-155E 18-155E . . . Employee Stock Option Plan which (a) includes "pro rata" vesting (which occurs 25% per year for each of four years), (b) allows any employee who is terminated to exercise his or her options, to extent then exercisable, within 30 days following notice of such termination, and (c) provides for automatic grants to employees on date of employment or upon attainment of certain levels of responsibility in addition to discretionary grants as determined by committee, and requires optionees to agree to be bound by confidentiality agreement as condition of their acceptance of an option The South Carolina Employee Stock Option Plan of Linguistics Group, Inc. is a compensation program that grants employees of the company the right to purchase company stock at a predetermined price within a specified period. This plan is designed to align the interests of employees with those of the company's shareholders, providing employees with an opportunity to share in the company's success. As a form of equity compensation, employee stock options serve as a means for Linguistics Group, Inc. to attract and retain talented individuals. By offering employees the chance to become partial owners of the company, it incentivizes them to contribute to its growth and profitability. The South Carolina Employee Stock Option Plan consists of various types of stock options, each with its own terms and conditions. These different types include: 1. Incentive Stock Options (SOS): These options are typically granted to key employees, providing them with tax advantages. SOS must adhere to specific requirements outlined by the Internal Revenue Code (IRC). 2. Non-Qualified Stock Options (SOS): SOS are more flexible compared to SOS, as they do not have to meet the same requirements. They can be granted to employees at various levels within the organization. 3. Restricted Stock Units (RSS): RSS represent a promise to distribute company stock at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not give employees the right to purchase shares but rather provide a future share grant. 4. Employee Stock Purchase Plans (ESPN): While not technically stock options, ESPN allow employees to purchase company stock at a discounted price using payroll deductions. These plans encourage long-term employee commitment and provide an additional means for employees to accumulate company stock. It's important to note that the terms and offerings of the South Carolina Employee Stock Option Plan of Linguistics Group, Inc. may differ from other companies' plans. Employees should consult the plan documents and consult with their financial advisors to understand the specific details and implications of their stock options.

The South Carolina Employee Stock Option Plan of Linguistics Group, Inc. is a compensation program that grants employees of the company the right to purchase company stock at a predetermined price within a specified period. This plan is designed to align the interests of employees with those of the company's shareholders, providing employees with an opportunity to share in the company's success. As a form of equity compensation, employee stock options serve as a means for Linguistics Group, Inc. to attract and retain talented individuals. By offering employees the chance to become partial owners of the company, it incentivizes them to contribute to its growth and profitability. The South Carolina Employee Stock Option Plan consists of various types of stock options, each with its own terms and conditions. These different types include: 1. Incentive Stock Options (SOS): These options are typically granted to key employees, providing them with tax advantages. SOS must adhere to specific requirements outlined by the Internal Revenue Code (IRC). 2. Non-Qualified Stock Options (SOS): SOS are more flexible compared to SOS, as they do not have to meet the same requirements. They can be granted to employees at various levels within the organization. 3. Restricted Stock Units (RSS): RSS represent a promise to distribute company stock at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not give employees the right to purchase shares but rather provide a future share grant. 4. Employee Stock Purchase Plans (ESPN): While not technically stock options, ESPN allow employees to purchase company stock at a discounted price using payroll deductions. These plans encourage long-term employee commitment and provide an additional means for employees to accumulate company stock. It's important to note that the terms and offerings of the South Carolina Employee Stock Option Plan of Linguistics Group, Inc. may differ from other companies' plans. Employees should consult the plan documents and consult with their financial advisors to understand the specific details and implications of their stock options.