Nassau New York Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Church Companies, Inc. is a prominent manufacturing company based in Nassau, New York. As part of its comprehensive compensation package, Church offers its employees the Nassau New York Stock Option and Incentive Plan. This plan is designed to provide employees with enhanced financial incentives and rewards, encouraging their dedication and commitment to the company's success. The Nassau New York Stock Option and Incentive Plan offers various types of benefits to eligible employees, such as stock options, restricted stock units (RSS), and performance-based incentives. These benefits are aimed at aligning the employees' interests with the long-term growth and profitability objectives of the company. 1. Stock Options: This component of the plan allows eligible employees to purchase shares of Church's stock at a predetermined price, called the exercise price, within a specified timeframe. By owning stock options, employees can potentially benefit from any increases in the company's stock price over time. 2. Restricted Stock Units (RSS): RSS are another type of incentive offered under the plan. They represent a promise to receive shares of Church's stock at a future date based on specific vesting conditions. RSS provide employees with a beneficial interest in the company's stock, which they can convert into shares once the vesting requirements are met. 3. Performance-Based Incentives: In addition to stock options and RSS, the Nassau New York Stock Option and Incentive Plan may offer performance-based incentives. These incentives are directly linked to the achievement of predetermined performance goals, typically based on the individual's or the company's performance metrics. Such incentives serve as motivation for employees to excel in their roles and contribute to the overall success of the company. Church's Stock Option and Incentive Plans have been designed to create a supportive and engaging work environment, fostering employee loyalty and dedication. By offering these attractive benefits, Church aims to attract top talent, retain skilled employees, and ultimately drive the company's growth and profitability. Disclaimer: The information provided above is for informational purposes only and may not accurately reflect the current terms and conditions of the Nassau New York Stock Option and Incentive Plan of Church Companies, Inc. It is recommended to refer to the official plan documents and consult with relevant financial advisors or HR representatives for precise and up-to-date information.

The Church Companies, Inc. is a prominent manufacturing company based in Nassau, New York. As part of its comprehensive compensation package, Church offers its employees the Nassau New York Stock Option and Incentive Plan. This plan is designed to provide employees with enhanced financial incentives and rewards, encouraging their dedication and commitment to the company's success. The Nassau New York Stock Option and Incentive Plan offers various types of benefits to eligible employees, such as stock options, restricted stock units (RSS), and performance-based incentives. These benefits are aimed at aligning the employees' interests with the long-term growth and profitability objectives of the company. 1. Stock Options: This component of the plan allows eligible employees to purchase shares of Church's stock at a predetermined price, called the exercise price, within a specified timeframe. By owning stock options, employees can potentially benefit from any increases in the company's stock price over time. 2. Restricted Stock Units (RSS): RSS are another type of incentive offered under the plan. They represent a promise to receive shares of Church's stock at a future date based on specific vesting conditions. RSS provide employees with a beneficial interest in the company's stock, which they can convert into shares once the vesting requirements are met. 3. Performance-Based Incentives: In addition to stock options and RSS, the Nassau New York Stock Option and Incentive Plan may offer performance-based incentives. These incentives are directly linked to the achievement of predetermined performance goals, typically based on the individual's or the company's performance metrics. Such incentives serve as motivation for employees to excel in their roles and contribute to the overall success of the company. Church's Stock Option and Incentive Plans have been designed to create a supportive and engaging work environment, fostering employee loyalty and dedication. By offering these attractive benefits, Church aims to attract top talent, retain skilled employees, and ultimately drive the company's growth and profitability. Disclaimer: The information provided above is for informational purposes only and may not accurately reflect the current terms and conditions of the Nassau New York Stock Option and Incentive Plan of Church Companies, Inc. It is recommended to refer to the official plan documents and consult with relevant financial advisors or HR representatives for precise and up-to-date information.