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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Cook Illinois Stock Option and Incentive Plan is a program offered by Church Companies, Inc. that aims to incentivize and reward its employees through stock options. This plan serves as a valuable tool for attracting, motivating, and retaining talented individuals within the organization. It provides an opportunity for employees to participate in the company's growth by becoming shareholders and benefiting from the value appreciation of Church Companies' stock. The Cook Illinois Stock Option and Incentive Plan offers various types of stock options and incentives to eligible employees. These options include: 1. Non-Qualified Stock Options: These options provide employees with the right to purchase a specific number of shares at a predetermined exercise price. Non-qualified stock options are often granted to employees at a discount and can be exercised over a set period, usually after a vesting period. 2. Incentive Stock Options: These options are exclusively available for key employees and are governed by specific tax rules. Incentive Stock Options (SOS) provide employees with tax advantages, as the gain from exercising the options can qualify for favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are a form of equity compensation where the employee is granted units that represent company shares. RSS typically have a vesting schedule, and once vested, the units can be converted into company shares. 4. Performance Share Units (Plus): Plus are granted based on predetermined performance goals set by the company. Employees receive a specific number of units, and the value of these units depends on the achievement of the established performance targets. The Cook Illinois Stock Option and Incentive Plan of Church Companies, Inc. intends to align the interests of employees with those of shareholders by providing them with an opportunity to share in the company's success. This plan not only offers financial rewards but also motivates employees to perform at their best, contributing to the overall growth and profitability of Church Companies. With this comprehensive and flexible program, Cook Illinois Stock Option and Incentive Plan caters to the diverse needs and objectives of employees, ensuring their long-term commitment and dedication to the organization's success.

Cook Illinois Stock Option and Incentive Plan is a program offered by Church Companies, Inc. that aims to incentivize and reward its employees through stock options. This plan serves as a valuable tool for attracting, motivating, and retaining talented individuals within the organization. It provides an opportunity for employees to participate in the company's growth by becoming shareholders and benefiting from the value appreciation of Church Companies' stock. The Cook Illinois Stock Option and Incentive Plan offers various types of stock options and incentives to eligible employees. These options include: 1. Non-Qualified Stock Options: These options provide employees with the right to purchase a specific number of shares at a predetermined exercise price. Non-qualified stock options are often granted to employees at a discount and can be exercised over a set period, usually after a vesting period. 2. Incentive Stock Options: These options are exclusively available for key employees and are governed by specific tax rules. Incentive Stock Options (SOS) provide employees with tax advantages, as the gain from exercising the options can qualify for favorable tax treatment. 3. Restricted Stock Units (RSS): RSS are a form of equity compensation where the employee is granted units that represent company shares. RSS typically have a vesting schedule, and once vested, the units can be converted into company shares. 4. Performance Share Units (Plus): Plus are granted based on predetermined performance goals set by the company. Employees receive a specific number of units, and the value of these units depends on the achievement of the established performance targets. The Cook Illinois Stock Option and Incentive Plan of Church Companies, Inc. intends to align the interests of employees with those of shareholders by providing them with an opportunity to share in the company's success. This plan not only offers financial rewards but also motivates employees to perform at their best, contributing to the overall growth and profitability of Church Companies. With this comprehensive and flexible program, Cook Illinois Stock Option and Incentive Plan caters to the diverse needs and objectives of employees, ensuring their long-term commitment and dedication to the organization's success.