Collin Texas Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Stock Option and Incentive Plan is a program offered by Church Companies, Inc., a global industrial automation company based in Collin County, Texas. This plan is designed to attract, retain, and motivate talented employees by providing them with stock options and other incentives. Under this plan, eligible employees are granted the right to purchase Church Companies' common stock at a predetermined price, known as the exercise price. These stock options are typically granted as a reward for exceptional performance, contribution to the company's growth, or as part of their compensation package. One type of stock option offered under the Collin Texas Stock Option and Incentive plan is the non-qualified stock option. These options allow employees to purchase company stock at a discounted price, which is beneficial if the stock price increases over time. However, the difference between the exercise price and the market value of the stock at the time of exercise is generally subject to taxation. Another type of stock option that may be included in this plan is the incentive stock option (ISO). SOS have certain tax advantages compared to non-qualified stock options, as they are generally taxed at a lower rate. Employees who are granted SOS must meet specific eligibility requirements, including working for the company for a certain period and holding the stock for a required holding period. In addition to stock options, the Collin Texas Stock Option and Incentive Plan may also include other forms of incentives, such as restricted stock awards or performance-based cash bonuses. These additional incentives are designed to align employees' interests with the long-term success of the company. Overall, the Collin Texas Stock Option and Incentive Plan of Church Companies, Inc. aims to reward and incentivize employees in Collin County, Texas by offering them the opportunity to purchase company stock at a discounted price. By participating in this plan, employees have the potential to benefit from the company's growth and success.

The Collin Texas Stock Option and Incentive Plan is a program offered by Church Companies, Inc., a global industrial automation company based in Collin County, Texas. This plan is designed to attract, retain, and motivate talented employees by providing them with stock options and other incentives. Under this plan, eligible employees are granted the right to purchase Church Companies' common stock at a predetermined price, known as the exercise price. These stock options are typically granted as a reward for exceptional performance, contribution to the company's growth, or as part of their compensation package. One type of stock option offered under the Collin Texas Stock Option and Incentive plan is the non-qualified stock option. These options allow employees to purchase company stock at a discounted price, which is beneficial if the stock price increases over time. However, the difference between the exercise price and the market value of the stock at the time of exercise is generally subject to taxation. Another type of stock option that may be included in this plan is the incentive stock option (ISO). SOS have certain tax advantages compared to non-qualified stock options, as they are generally taxed at a lower rate. Employees who are granted SOS must meet specific eligibility requirements, including working for the company for a certain period and holding the stock for a required holding period. In addition to stock options, the Collin Texas Stock Option and Incentive Plan may also include other forms of incentives, such as restricted stock awards or performance-based cash bonuses. These additional incentives are designed to align employees' interests with the long-term success of the company. Overall, the Collin Texas Stock Option and Incentive Plan of Church Companies, Inc. aims to reward and incentivize employees in Collin County, Texas by offering them the opportunity to purchase company stock at a discounted price. By participating in this plan, employees have the potential to benefit from the company's growth and success.