Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan of Cucos, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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) Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan of Cocos, Inc. is a comprehensive compensation program designed to reward nonemployee directors of the company with nonqualified stock options. These options provide the directors with the opportunity to purchase Cocos, Inc. common stock at a predetermined price, known as the exercise price. The plan aims to align the interests of the nonemployee directors with those of the company's shareholders, incentivizing the directors to contribute to the long-term success and growth of Cocos, Inc. The Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan encompasses various types of stock options, each with its own terms and conditions. These types may include: 1. Standard Stock Options: The plan may offer standard stock options, which typically have a specified exercise price, vesting schedule, and expiration date. Directors can exercise these options to acquire Cocos, Inc. common stock at the exercise price during or after the vesting period. 2. Performance-based Stock Options: In addition to standard stock options, the plan may introduce performance-based stock options. These options tie the director's ability to exercise the options to the achievement of specific performance goals set by the company. Performance-based stock options provide directors with an added incentive to contribute towards achieving these predetermined performance targets. 3. Restricted Stock Units (RSS): While primarily focused on stock options, the Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan may also include provisions for granting restricted stock units. RSS represents a promise to deliver shares of Cocos, Inc. common stock in the future, subject to vesting requirements or predetermined performance goals. 4. Stock Appreciation Rights (SARS): Some versions of the plan may incorporate stock appreciation rights, which provide nonemployee directors with the opportunity to benefit from the increase in Cocos, Inc. stock price without being required to purchase the shares. Upon exercise, SARS deliver the difference between the market price of the stock and the grant price as a cash payment or additional stock. It is important to note that the specific terms, conditions, and types of stock options may vary based on the provisions established by Cocos, Inc. and approved by its Board of Directors. Nonemployee directors participating in the plan should refer to the plan documents for full details and consult with legal and financial professionals for personalized advice.

Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan of Cocos, Inc. is a comprehensive compensation program designed to reward nonemployee directors of the company with nonqualified stock options. These options provide the directors with the opportunity to purchase Cocos, Inc. common stock at a predetermined price, known as the exercise price. The plan aims to align the interests of the nonemployee directors with those of the company's shareholders, incentivizing the directors to contribute to the long-term success and growth of Cocos, Inc. The Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan encompasses various types of stock options, each with its own terms and conditions. These types may include: 1. Standard Stock Options: The plan may offer standard stock options, which typically have a specified exercise price, vesting schedule, and expiration date. Directors can exercise these options to acquire Cocos, Inc. common stock at the exercise price during or after the vesting period. 2. Performance-based Stock Options: In addition to standard stock options, the plan may introduce performance-based stock options. These options tie the director's ability to exercise the options to the achievement of specific performance goals set by the company. Performance-based stock options provide directors with an added incentive to contribute towards achieving these predetermined performance targets. 3. Restricted Stock Units (RSS): While primarily focused on stock options, the Maricopa Arizona Nonemployee Directors Nonqualified Stock Option Plan may also include provisions for granting restricted stock units. RSS represents a promise to deliver shares of Cocos, Inc. common stock in the future, subject to vesting requirements or predetermined performance goals. 4. Stock Appreciation Rights (SARS): Some versions of the plan may incorporate stock appreciation rights, which provide nonemployee directors with the opportunity to benefit from the increase in Cocos, Inc. stock price without being required to purchase the shares. Upon exercise, SARS deliver the difference between the market price of the stock and the grant price as a cash payment or additional stock. It is important to note that the specific terms, conditions, and types of stock options may vary based on the provisions established by Cocos, Inc. and approved by its Board of Directors. Nonemployee directors participating in the plan should refer to the plan documents for full details and consult with legal and financial professionals for personalized advice.