Maricopa Arizona Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program that provides employees with the opportunity to acquire and own shares in the company as a form of compensation and incentive. This plan is designed to attract and retain talented individuals while aligning their interests with the success and growth of Church Companies, Inc. It serves as a powerful tool for motivating employees and fostering a sense of ownership and loyalty. The plan offers various types of stock options and incentives, tailored to meet the diverse needs of employees. Some key types of options and incentives provided under the Maricopa Arizona Stock Option and Incentive Plan include: 1. Stock Options: These options give employees the right to purchase a specified number of shares at a predetermined price, known as the exercise price. The options typically have a vesting period, during which employees must remain with the company to be eligible to exercise the options. 2. Restricted Stock Units (RSS): RSS are another type of incentive granted to employees, which represent a promise to deliver company stock at a future date. Unlike stock options, RSS are typically granted as actual shares upfront, but with restrictions on transferability until certain conditions are met, such as a specified period of service. 3. Performance-based Stock Options: These options are tied to specific performance goals, such as revenue targets, profit margins, or market share. Employees may be granted options that become exercisable only if the predefined performance goals are achieved. This type of option motivates employees to strive for exceptional performance and directly links their rewards to the company's overall success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from the increase in the company's stock price over a predetermined period. SARS do not require the employee to purchase the underlying stock; instead, they receive the appreciation in value between the grant price and the exercise price, typically in cash or additional shares. The Maricopa Arizona Stock Option and Incentive Plan of Church Companies, Inc. is structured to provide flexibility and choice to employees as they participate in the program, allowing them to tailor their compensation to their individual financial goals and risk tolerance. The plan aims to create a mutually beneficial relationship between employees and the company, encouraging long-term commitment and engagement. By offering attractive incentives and stock-based rewards, Church Companies, Inc. acknowledges the contribution of its employees and ensures that their interests are closely aligned with the company's success.

The Maricopa Arizona Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program that provides employees with the opportunity to acquire and own shares in the company as a form of compensation and incentive. This plan is designed to attract and retain talented individuals while aligning their interests with the success and growth of Church Companies, Inc. It serves as a powerful tool for motivating employees and fostering a sense of ownership and loyalty. The plan offers various types of stock options and incentives, tailored to meet the diverse needs of employees. Some key types of options and incentives provided under the Maricopa Arizona Stock Option and Incentive Plan include: 1. Stock Options: These options give employees the right to purchase a specified number of shares at a predetermined price, known as the exercise price. The options typically have a vesting period, during which employees must remain with the company to be eligible to exercise the options. 2. Restricted Stock Units (RSS): RSS are another type of incentive granted to employees, which represent a promise to deliver company stock at a future date. Unlike stock options, RSS are typically granted as actual shares upfront, but with restrictions on transferability until certain conditions are met, such as a specified period of service. 3. Performance-based Stock Options: These options are tied to specific performance goals, such as revenue targets, profit margins, or market share. Employees may be granted options that become exercisable only if the predefined performance goals are achieved. This type of option motivates employees to strive for exceptional performance and directly links their rewards to the company's overall success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from the increase in the company's stock price over a predetermined period. SARS do not require the employee to purchase the underlying stock; instead, they receive the appreciation in value between the grant price and the exercise price, typically in cash or additional shares. The Maricopa Arizona Stock Option and Incentive Plan of Church Companies, Inc. is structured to provide flexibility and choice to employees as they participate in the program, allowing them to tailor their compensation to their individual financial goals and risk tolerance. The plan aims to create a mutually beneficial relationship between employees and the company, encouraging long-term commitment and engagement. By offering attractive incentives and stock-based rewards, Church Companies, Inc. acknowledges the contribution of its employees and ensures that their interests are closely aligned with the company's success.