Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan of Cucos, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• Control #: US-CC-18-223D
• Format: Word; Rich Text

Description

18-223D 18-223D . . . Stock Option Plan which provides for grant of Non-qualified Stock Options to Non-employee directors at such times and in such quantities as the Board considers to be warranted from time to time (as permitted by August 15, 1996 amendment to Rule 16b-3 under the Act) Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan is a program offered by Cocos, Inc. to nonemployee directors who are based in Franklin Ohio. This plan allows these directors to purchase company stock options at a predetermined price, regardless of market value fluctuations. The Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan is designed specifically for nonemployee directors. It aims to align the interests of these directors with the long-term success of Cocos, Inc. by giving them the opportunity to acquire company stock, thereby providing an incentive for them to contribute to the company's growth and profitability. Through this plan, nonemployee directors are granted nonqualified stock options, which allow them to buy shares of Cocos, Inc. at a predetermined price, known as the exercise price. The exercise price is typically set at the fair market value of the company's stock on the date of grant. These options have a specific expiry date, after which they can no longer be exercised. The Nonemployee Directors Nonqualified Stock Option Plan may have different types and variations, such as: 1. Standard Plan: This plan offers nonemployee directors the opportunity to purchase company stock options on predetermined terms, including the exercise price, vesting schedule, and expiration date. 2. Performance-based Plan: In this variation, the stock options granted to nonemployee directors are tied to specific performance metrics or goals set by Cocos, Inc. This type of plan aims to reward directors for achieving certain milestones or targets, thus motivating them to contribute significantly to the company's growth. 3. Restricted Stock Unit (RSU) Plan: Instead of traditional stock options, this plan grants nonemployee directors restricted stock units. RSS represents the right to receive shares of Cocos, Inc. stock at a future date, subject to certain conditions. These conditions may include continued service as a director for a specific period of time or achieving predetermined performance goals. It's important to note that the specifics of the Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan may vary from company to company, and prospective participants should refer to the official plan documents and consult with legal or financial professionals for accurate and up-to-date information.

Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan is a program offered by Cocos, Inc. to nonemployee directors who are based in Franklin Ohio. This plan allows these directors to purchase company stock options at a predetermined price, regardless of market value fluctuations. The Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan is designed specifically for nonemployee directors. It aims to align the interests of these directors with the long-term success of Cocos, Inc. by giving them the opportunity to acquire company stock, thereby providing an incentive for them to contribute to the company's growth and profitability. Through this plan, nonemployee directors are granted nonqualified stock options, which allow them to buy shares of Cocos, Inc. at a predetermined price, known as the exercise price. The exercise price is typically set at the fair market value of the company's stock on the date of grant. These options have a specific expiry date, after which they can no longer be exercised. The Nonemployee Directors Nonqualified Stock Option Plan may have different types and variations, such as: 1. Standard Plan: This plan offers nonemployee directors the opportunity to purchase company stock options on predetermined terms, including the exercise price, vesting schedule, and expiration date. 2. Performance-based Plan: In this variation, the stock options granted to nonemployee directors are tied to specific performance metrics or goals set by Cocos, Inc. This type of plan aims to reward directors for achieving certain milestones or targets, thus motivating them to contribute significantly to the company's growth. 3. Restricted Stock Unit (RSU) Plan: Instead of traditional stock options, this plan grants nonemployee directors restricted stock units. RSS represents the right to receive shares of Cocos, Inc. stock at a future date, subject to certain conditions. These conditions may include continued service as a director for a specific period of time or achieving predetermined performance goals. It's important to note that the specifics of the Franklin Ohio Nonemployee Directors Nonqualified Stock Option Plan may vary from company to company, and prospective participants should refer to the official plan documents and consult with legal or financial professionals for accurate and up-to-date information.