Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors is a comprehensive program aimed at compensating and incentivizing nonemployee directors serving on the board of Harris, a prominent Texas-based company. This plan ensures that the company's nonemployee directors are adequately rewarded for their valuable contributions and aligns their interests with the long-term success of the organization. The Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors offers various types of retainers to attract and retain highly qualified individuals. These retainers may include stock options, restricted stock units (RSS), or a combination of both, tailored to meet the individual needs and preferences of each director. Stock options are a central component of the Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors. These options grant the nonemployee directors the right to purchase a specific number of shares of the company's common stock at a predetermined exercise price during a specified time period. This allows the directors to benefit from the company's future growth and success. In addition to stock options, the plan may offer restricted stock units (RSS) as part of the retainer package. RSS is a form of compensation that entitles the nonemployee directors to receive shares of the company's common stock once specific performance or vesting conditions are met. This aligns the interests of the directors with the shareholders and encourages long-term commitment to the company's objectives. The Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors is carefully designed to adhere to applicable regulations and guidelines. It includes provisions for the administration, amendment, and termination of the plan. The plan also outlines the eligibility criteria for directors, the calculation of retainer amounts, and the timeline for granting and vesting of stock options and RSS. This approval of the stock retainer plan is essential to attract experienced and talented individuals to the board of directors, ensuring that Harris can benefit from their diverse perspectives and expertise. By offering a competitive and comprehensive compensation package, Harris aims to foster a collaborative and high-performing board that drives the company's growth and shareholder value. For a detailed understanding of the Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors, please refer to the attached copy of the plan. It contains all the pertinent information, including the terms, conditions, and provisions related to the stock options, RSS, and other relevant details. In summary, the Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors is a critical component of the company's governance structure. It provides an attractive compensation package to nonemployee directors, incentivizes their dedication and commitment, and aligns their interests with the long-term success of Harris.
Harris Texas Approval of Stock Retainer Plan for Nonemployee Directors with copy of plan
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