Fulton Georgia Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program that offers employees of Church Companies, Inc. an opportunity to purchase company stock at a predetermined price. This plan is designed to incentivize and reward the dedication and performance of employees while aligning their interests with the long-term success of the company. The Fulton Georgia Stock Option and Incentive Plan consists of various types of stock-based awards and options, each tailored to meet different objectives. The main types of incentives included within this plan are: 1. Stock Options: Under this provision, eligible employees are granted the right to purchase a certain number of shares of Church Companies, Inc. stock at a specified exercise price. These options are subject to a vesting schedule, encouraging employees to remain with the company and perform well over time. 2. Restricted Stock Units (RSS): This component involves the grant of actual shares of Church Companies, Inc. stock to eligible employees. However, the delivery of these shares is deferred until certain vesting conditions, such as satisfying performance goals or remaining with the company for a specified duration, are met. RSS allow employees to share in the company's growth while motivating them to contribute to its long-term success. 3. Performance-Based Awards: These awards are designed to reward exceptional performance by employees or the achievement of certain predetermined financial or operational targets by Church Companies, Inc. Eligible employees may receive grants of additional shares or cash bonuses based on their individual or team performance. 4. Stock Appreciation Rights (SARS): As a variation of stock options, SARS provide employees with the right to receive the appreciation value of Church Companies, Inc. stock instead of purchasing the shares directly. This allows employees to benefit from stock price appreciation without having to invest their own funds. It is important to note that the Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. is subject to specific rules and regulations set forth by applicable laws and regulatory bodies. These guidelines ensure the fair and transparent implementation of the plan and protect the rights and interests of the company and its employees. Overall, the Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. serves as a valuable tool to attract, retain, and motivate talented individuals, fostering a culture of ownership and shared success within the organization.

Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program that offers employees of Church Companies, Inc. an opportunity to purchase company stock at a predetermined price. This plan is designed to incentivize and reward the dedication and performance of employees while aligning their interests with the long-term success of the company. The Fulton Georgia Stock Option and Incentive Plan consists of various types of stock-based awards and options, each tailored to meet different objectives. The main types of incentives included within this plan are: 1. Stock Options: Under this provision, eligible employees are granted the right to purchase a certain number of shares of Church Companies, Inc. stock at a specified exercise price. These options are subject to a vesting schedule, encouraging employees to remain with the company and perform well over time. 2. Restricted Stock Units (RSS): This component involves the grant of actual shares of Church Companies, Inc. stock to eligible employees. However, the delivery of these shares is deferred until certain vesting conditions, such as satisfying performance goals or remaining with the company for a specified duration, are met. RSS allow employees to share in the company's growth while motivating them to contribute to its long-term success. 3. Performance-Based Awards: These awards are designed to reward exceptional performance by employees or the achievement of certain predetermined financial or operational targets by Church Companies, Inc. Eligible employees may receive grants of additional shares or cash bonuses based on their individual or team performance. 4. Stock Appreciation Rights (SARS): As a variation of stock options, SARS provide employees with the right to receive the appreciation value of Church Companies, Inc. stock instead of purchasing the shares directly. This allows employees to benefit from stock price appreciation without having to invest their own funds. It is important to note that the Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. is subject to specific rules and regulations set forth by applicable laws and regulatory bodies. These guidelines ensure the fair and transparent implementation of the plan and protect the rights and interests of the company and its employees. Overall, the Fulton Georgia Stock Option and Incentive Plan of Church Companies, Inc. serves as a valuable tool to attract, retain, and motivate talented individuals, fostering a culture of ownership and shared success within the organization.