Chicago Illinois Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Stock Option and Incentive Plan is an employee benefit program offered by Church Companies, Inc. to its employees based in Chicago, Illinois. This plan provides opportunities for employees to purchase company stock at a predetermined price, usually lower than the current market value, as a form of compensation or incentive. The primary goal of the plan is to align the interests of employees with the company's shareholders, motivating employees to work towards the company's growth and profitability. By giving employees the option to purchase company stock at a fixed price, it allows them to benefit from any increase in the stock's value over time. Church Companies, Inc. offers various types of stock options and incentives within the Chicago Illinois Stock Option and Incentive Plan. Some of these types may include: 1. Non-Qualified Stock Options (SOS): These stock options do not qualify for certain tax benefits and are typically offered to all employees, including executives and non-executives. 2. Incentive Stock Options (SOS): These stock options provide potentially favorable tax treatment to employees who meet specific requirements. SOS are typically granted to key employees, with limitations on the number of shares that can be granted and the exercise price. 3. Restricted Stock Units (RSS): RSS are another form of stock-based compensation where employees receive shares of the company's stock instead of options. These units usually vest over a specific period, meaning employees gain ownership of the stock after meeting certain conditions. 4. Performance Shares: Performance shares are granted to employees based on specific performance criteria, such as financial targets or achieving predetermined goals. If the performance goals are met, employees receive shares of the company's stock. Through the Chicago Illinois Stock Option and Incentive Plan, Church Companies, Inc. aims to foster a sense of ownership and commitment among employees while providing them with an opportunity for potential financial gain. These plans can play a crucial role in attracting and retaining top talent, driving employee satisfaction, and contributing to the overall success of the company.

The Chicago Illinois Stock Option and Incentive Plan is an employee benefit program offered by Church Companies, Inc. to its employees based in Chicago, Illinois. This plan provides opportunities for employees to purchase company stock at a predetermined price, usually lower than the current market value, as a form of compensation or incentive. The primary goal of the plan is to align the interests of employees with the company's shareholders, motivating employees to work towards the company's growth and profitability. By giving employees the option to purchase company stock at a fixed price, it allows them to benefit from any increase in the stock's value over time. Church Companies, Inc. offers various types of stock options and incentives within the Chicago Illinois Stock Option and Incentive Plan. Some of these types may include: 1. Non-Qualified Stock Options (SOS): These stock options do not qualify for certain tax benefits and are typically offered to all employees, including executives and non-executives. 2. Incentive Stock Options (SOS): These stock options provide potentially favorable tax treatment to employees who meet specific requirements. SOS are typically granted to key employees, with limitations on the number of shares that can be granted and the exercise price. 3. Restricted Stock Units (RSS): RSS are another form of stock-based compensation where employees receive shares of the company's stock instead of options. These units usually vest over a specific period, meaning employees gain ownership of the stock after meeting certain conditions. 4. Performance Shares: Performance shares are granted to employees based on specific performance criteria, such as financial targets or achieving predetermined goals. If the performance goals are met, employees receive shares of the company's stock. Through the Chicago Illinois Stock Option and Incentive Plan, Church Companies, Inc. aims to foster a sense of ownership and commitment among employees while providing them with an opportunity for potential financial gain. These plans can play a crucial role in attracting and retaining top talent, driving employee satisfaction, and contributing to the overall success of the company.