Wisconsin 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 Wisconsin Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to attract and motivate key employees in Wisconsin. This plan offers employees the opportunity to purchase company stock options and receive incentives based on performance and tenure with the company. With a focus on employee retention and engagement, Church Companies, Inc. has designed various types of Wisconsin Stock Option and Incentive Plans to cater to different categories of employees. These plans include: 1. Executive Stock Option Plan: This plan is designed for top-level executives and offers them the opportunity to purchase company stock options at a predetermined price. These options can be exercised over a specific period of time, allowing executives to benefit from the appreciation of the company stock. 2. Employee Stock Ownership Plan (ESOP): The ESOP is a retirement benefit plan that provides eligible employees with ownership interests in the company. It allows employees to acquire company stock options while providing them with a tax-advantaged retirement savings vehicle. 3. Performance Incentive Plan: This plan is structured to reward employees based on individual and company performance milestones. Through this plan, employees can earn cash bonuses, stock options, or other incentives based on the achievement of specific goals and targets. 4. Restricted Stock Unit (RSU) Plan: The RSU plan grants employees a specific number of company shares, which vest over a predetermined period of time. Employees receive these shares as compensation and can benefit from the increase in stock value upon vesting. 5. Stock Purchase Plan: This plan enables employees to purchase company stock at a discounted price, encouraging ownership and aligning their interests with the company's success. Employees can contribute a portion of their salary towards purchasing company shares, either through payroll deductions or one-time investments. Church Companies, Inc. recognizes the importance of attracting and retaining talented employees in Wisconsin, and the Wisconsin Stock Option and Incentive Plan provides a comprehensive framework to reward and incentivize their workforce. By offering various types of plans tailored to different employee categories, the company ensures that its compensation program is both attractive and valuable to its employees.

The Wisconsin Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to attract and motivate key employees in Wisconsin. This plan offers employees the opportunity to purchase company stock options and receive incentives based on performance and tenure with the company. With a focus on employee retention and engagement, Church Companies, Inc. has designed various types of Wisconsin Stock Option and Incentive Plans to cater to different categories of employees. These plans include: 1. Executive Stock Option Plan: This plan is designed for top-level executives and offers them the opportunity to purchase company stock options at a predetermined price. These options can be exercised over a specific period of time, allowing executives to benefit from the appreciation of the company stock. 2. Employee Stock Ownership Plan (ESOP): The ESOP is a retirement benefit plan that provides eligible employees with ownership interests in the company. It allows employees to acquire company stock options while providing them with a tax-advantaged retirement savings vehicle. 3. Performance Incentive Plan: This plan is structured to reward employees based on individual and company performance milestones. Through this plan, employees can earn cash bonuses, stock options, or other incentives based on the achievement of specific goals and targets. 4. Restricted Stock Unit (RSU) Plan: The RSU plan grants employees a specific number of company shares, which vest over a predetermined period of time. Employees receive these shares as compensation and can benefit from the increase in stock value upon vesting. 5. Stock Purchase Plan: This plan enables employees to purchase company stock at a discounted price, encouraging ownership and aligning their interests with the company's success. Employees can contribute a portion of their salary towards purchasing company shares, either through payroll deductions or one-time investments. Church Companies, Inc. recognizes the importance of attracting and retaining talented employees in Wisconsin, and the Wisconsin Stock Option and Incentive Plan provides a comprehensive framework to reward and incentivize their workforce. By offering various types of plans tailored to different employee categories, the company ensures that its compensation program is both attractive and valuable to its employees.