Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• Control #: US-CC-18-208H
• Format: Word; Rich Text

Description

18-208H 18-208H . . . Non-qualified Stock Option Plan under which committee can award reload stock options (Non-qualified Stock Options which (i) are awarded automatically upon exercise of stock option granted under Plan where option price is paid by optionee's delivery of previously owned shares of common stock, and (ii) entitle such optionee to purchase number of shares so delivered for option price equal to fair market value of a share of common stock on date original option was exercised). Plan provides that if optionee or any other person who acquires options by bequest or inheritance or by reason of his or her death proposes to sell, transfer, or otherwise dispose of shares acquired upon exercise, corporation shall have prior right to purchase all or any part of such shares at market price Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. is a comprehensive employee benefit program that offers stock options to eligible employees of the company. This plan is designed to provide employees with the opportunity to acquire shares of Continental Materials Corp. stock at predetermined prices, known as exercise prices, during specific timeframes. Under the Travis Texas Amended and Restated Stock Option Plan, eligible employees are granted the right to purchase a specified number of shares at the exercise price set at the time of the grant. This plan aims to incentivize employees by aligning their interests with the growth and success of the company. As the stock price appreciates, employees have the potential to earn significant financial rewards. The Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. offers various types of stock options to participants. The most common types include: 1. Non-Qualified Stock Options (SOS): These options are typically granted to employees and provide them with the flexibility to exercise their options at any time. When exercising SOS, employees may realize taxable events on the difference between the exercise price and the fair market value of the stock. 2. Incentive Stock Options (SOS): SOS, on the other hand, are usually granted to key employees and carry certain tax advantages. If specific criteria are met, employees may receive preferable tax treatment upon exercising SOS. However, SOS are subject to restrictions, such as a maximum exercise price and a holding period requirement. 3. Restricted Stock Units (RSS): In addition to stock options, the Travis Texas Amended and Restated Stock Option Plan may also include RSS. RSS represents a promise to deliver a certain number of shares after a specified period, subject to the employee meeting certain conditions. RSS are often granted as a long-term incentive or as a retention tool. Overall, the Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. demonstrates the company's commitment to rewarding its employees and fostering long-term loyalty. By providing employees with the opportunity to participate in the company's growth, this plan serves as a valuable tool for attracting and retaining top talent within the organization.

Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. is a comprehensive employee benefit program that offers stock options to eligible employees of the company. This plan is designed to provide employees with the opportunity to acquire shares of Continental Materials Corp. stock at predetermined prices, known as exercise prices, during specific timeframes. Under the Travis Texas Amended and Restated Stock Option Plan, eligible employees are granted the right to purchase a specified number of shares at the exercise price set at the time of the grant. This plan aims to incentivize employees by aligning their interests with the growth and success of the company. As the stock price appreciates, employees have the potential to earn significant financial rewards. The Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. offers various types of stock options to participants. The most common types include: 1. Non-Qualified Stock Options (SOS): These options are typically granted to employees and provide them with the flexibility to exercise their options at any time. When exercising SOS, employees may realize taxable events on the difference between the exercise price and the fair market value of the stock. 2. Incentive Stock Options (SOS): SOS, on the other hand, are usually granted to key employees and carry certain tax advantages. If specific criteria are met, employees may receive preferable tax treatment upon exercising SOS. However, SOS are subject to restrictions, such as a maximum exercise price and a holding period requirement. 3. Restricted Stock Units (RSS): In addition to stock options, the Travis Texas Amended and Restated Stock Option Plan may also include RSS. RSS represents a promise to deliver a certain number of shares after a specified period, subject to the employee meeting certain conditions. RSS are often granted as a long-term incentive or as a retention tool. Overall, the Travis Texas Amended and Restated Stock Option Plan of Continental Materials Corp. demonstrates the company's commitment to rewarding its employees and fostering long-term loyalty. By providing employees with the opportunity to participate in the company's growth, this plan serves as a valuable tool for attracting and retaining top talent within the organization.