Salt Lake Utah Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to reward employees with stock options and incentives based on their performance and contributions to the company's success. This plan aims to motivate and retain talented individuals by providing them with the opportunity to participate in the company's growth and value creation. The Salt Lake Utah Stock Option and Incentive Plan offers various types of incentives and stock options to eligible employees, including: 1. Stock Options: Employees are granted the right to purchase a specific number of Church Companies, Inc. stocks at a predetermined price, known as the exercise price. These stock options typically carry a vesting period, during which employees need to fulfill certain service requirements to exercise their options. 2. Performance-Based Incentives: In addition to stock options, the plan may include performance-based incentives. These incentives are typically tied to specific objectives or key performance indicators (KPIs) determined by the company. Employees who meet or exceed these targets can receive additional rewards or benefits. 3. Restricted Stock Units (RSS): In certain cases, Church Companies, Inc. may grant restricted stock units to eligible employees. RSS represents a promise to deliver company stocks at a future date, subject to specific conditions, such as continued employment or achieving predetermined performance milestones. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stocks at a discounted price through payroll deductions. The ESPN provides employees with an opportunity to acquire company stocks directly, often at a favorable price, fostering a sense of ownership and alignment with the company's success. The Salt Lake Utah Stock Option and Incentive Plan of Church Companies, Inc. aims to align employee interests with shareholder value and provide an additional means of compensation, incentivizing employees to contribute to the company's growth and profitability. Keywords: Salt Lake Utah, Stock Option and Incentive Plan, Church Companies, Inc., compensation program, stock options, incentives, performance-based, restricted stock units, employee stock purchase plan, vesting period, key performance indicators, ownership, shareholder value.

The Salt Lake Utah Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive compensation program designed to reward employees with stock options and incentives based on their performance and contributions to the company's success. This plan aims to motivate and retain talented individuals by providing them with the opportunity to participate in the company's growth and value creation. The Salt Lake Utah Stock Option and Incentive Plan offers various types of incentives and stock options to eligible employees, including: 1. Stock Options: Employees are granted the right to purchase a specific number of Church Companies, Inc. stocks at a predetermined price, known as the exercise price. These stock options typically carry a vesting period, during which employees need to fulfill certain service requirements to exercise their options. 2. Performance-Based Incentives: In addition to stock options, the plan may include performance-based incentives. These incentives are typically tied to specific objectives or key performance indicators (KPIs) determined by the company. Employees who meet or exceed these targets can receive additional rewards or benefits. 3. Restricted Stock Units (RSS): In certain cases, Church Companies, Inc. may grant restricted stock units to eligible employees. RSS represents a promise to deliver company stocks at a future date, subject to specific conditions, such as continued employment or achieving predetermined performance milestones. 4. Employee Stock Purchase Plan (ESPN): This plan allows employees to purchase company stocks at a discounted price through payroll deductions. The ESPN provides employees with an opportunity to acquire company stocks directly, often at a favorable price, fostering a sense of ownership and alignment with the company's success. The Salt Lake Utah Stock Option and Incentive Plan of Church Companies, Inc. aims to align employee interests with shareholder value and provide an additional means of compensation, incentivizing employees to contribute to the company's growth and profitability. Keywords: Salt Lake Utah, Stock Option and Incentive Plan, Church Companies, Inc., compensation program, stock options, incentives, performance-based, restricted stock units, employee stock purchase plan, vesting period, key performance indicators, ownership, shareholder value.