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 Utah Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with opportunities for equity ownership in the company. Keywords: Utah Stock Option and Incentive Plan, Church Companies, employee compensation, equity ownership, talented employees, retention This plan offers various types of stock-based incentives that align the interests of employees with the long-term growth and success of Church Companies, Inc. These incentives are specifically tailored to reward outstanding performance, incentivize innovation, and drive the achievement of strategic goals. Keywords: stock-based incentives, employee rewards, outstanding performance, innovation, strategic goals The different types of stock options and incentives available under the Utah Stock Option and Incentive Plan of Church Companies, Inc. include: 1. Stock Options: Qualified employees are granted the right to purchase company stock at a predetermined price, known as the exercise price or strike price. These stock options typically have a vesting period and an expiration date, providing employees with the opportunity to acquire company shares at a favorable price. Keywords: stock options, exercise price, strike price, vesting period, expiration date 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, usually upon the fulfillment of certain performance criteria or the passage of a specific vesting period. RSS provide employees with a direct stake in the company's success and future value. Keywords: restricted stock units, company shares, performance criteria, vesting period 3. Performance Stock Units (Plus): Plus are granted to employees based on the achievement of specific performance goals. These goals can be financial metrics, market share targets, or any other pre-defined criteria directly tied to the company's success. Plus reward exceptional performance and align employee efforts with the company's strategic objectives. Keywords: performance stock units, performance goals, financial metrics, market share targets, exceptional performance 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of a specified number of company shares over a predetermined period. When SARS are exercised, employees receive a cash payment equal to the difference between the fair market value of the shares at the exercise date and the value on the grant date. Keywords: stock appreciation rights, fair market value, exercise date, grant date The Utah Stock Option and Incentive Plan aims to create a sense of ownership, foster a performance-driven culture, and motivate employees to contribute their best efforts to enhance shareholder value. By offering these diverse stock-based incentives, Church Companies, Inc. ensures that its employees are actively invested in the company's long-term success. Keywords: ownership, performance-driven culture, shareholder value, diverse incentives, long-term success
The Utah Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with opportunities for equity ownership in the company. Keywords: Utah Stock Option and Incentive Plan, Church Companies, employee compensation, equity ownership, talented employees, retention This plan offers various types of stock-based incentives that align the interests of employees with the long-term growth and success of Church Companies, Inc. These incentives are specifically tailored to reward outstanding performance, incentivize innovation, and drive the achievement of strategic goals. Keywords: stock-based incentives, employee rewards, outstanding performance, innovation, strategic goals The different types of stock options and incentives available under the Utah Stock Option and Incentive Plan of Church Companies, Inc. include: 1. Stock Options: Qualified employees are granted the right to purchase company stock at a predetermined price, known as the exercise price or strike price. These stock options typically have a vesting period and an expiration date, providing employees with the opportunity to acquire company shares at a favorable price. Keywords: stock options, exercise price, strike price, vesting period, expiration date 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, usually upon the fulfillment of certain performance criteria or the passage of a specific vesting period. RSS provide employees with a direct stake in the company's success and future value. Keywords: restricted stock units, company shares, performance criteria, vesting period 3. Performance Stock Units (Plus): Plus are granted to employees based on the achievement of specific performance goals. These goals can be financial metrics, market share targets, or any other pre-defined criteria directly tied to the company's success. Plus reward exceptional performance and align employee efforts with the company's strategic objectives. Keywords: performance stock units, performance goals, financial metrics, market share targets, exceptional performance 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of a specified number of company shares over a predetermined period. When SARS are exercised, employees receive a cash payment equal to the difference between the fair market value of the shares at the exercise date and the value on the grant date. Keywords: stock appreciation rights, fair market value, exercise date, grant date The Utah Stock Option and Incentive Plan aims to create a sense of ownership, foster a performance-driven culture, and motivate employees to contribute their best efforts to enhance shareholder value. By offering these diverse stock-based incentives, Church Companies, Inc. ensures that its employees are actively invested in the company's long-term success. Keywords: ownership, performance-driven culture, shareholder value, diverse incentives, long-term success