San Jose California Stock Option and Incentive Plan of Hurco Companies, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• 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 San Jose California Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program designed to provide enticing and motivating benefits for employees of the company. It offers various types of incentives and stock options to reward employee loyalty, encourage increased performance, and align their interests with the overall goals and success of Church Companies, Inc. One of the types of stock options offered under this plan is the Non-Qualified Stock Option (NO). These options allow eligible employees to purchase shares of Church Companies, Inc. stock at a predetermined exercise price, typically lower than the market price at the time of grant. Nests provide employees with the right to purchase shares in the future, enabling them to benefit from the potential appreciation in the company's stock value. Another type of stock option available is the Incentive Stock Option (ISO). SOS are granted exclusively to eligible employees, with the advantage of potential tax advantages upon exercise. SOS have specific requirements that must be met, including a limit on the number of shares that can be granted in a given year. These stock options can be a valuable tool to motivate and retain high-performing employees while also providing potential tax benefits. The San Jose California Stock Option and Incentive Plan may also include Restricted Stock Units (RSS) as part of the overall incentive program. RSS are granted to eligible employees as a form of compensation where the stock units are subject to vesting restrictions. Once the vesting requirements are met, the RSS convert into shares of Church Companies, Inc. stock, providing additional ownership rights and potential financial benefits. Additionally, the plan may offer Performance Share Units (Plus). Plus are granted to employees based on predefined performance goals and objectives. They are typically subject to a vesting period and are settled in shares of the company's stock once the performance criteria are achieved. Plus provide a powerful incentive for employees to strive towards superior performance, as they can directly benefit from the company's success. The San Jose California Stock Option and Incentive Plan of Church Companies, Inc. aims to attract, retain, and motivate talented employees, aligning their interests with the long-term success of the company. By offering a range of stock options and incentive options, Church Companies, Inc. seeks to create a culture of ownership, promote loyalty, and reward exceptional performance.

The San Jose California Stock Option and Incentive Plan of Church Companies, Inc. is a comprehensive program designed to provide enticing and motivating benefits for employees of the company. It offers various types of incentives and stock options to reward employee loyalty, encourage increased performance, and align their interests with the overall goals and success of Church Companies, Inc. One of the types of stock options offered under this plan is the Non-Qualified Stock Option (NO). These options allow eligible employees to purchase shares of Church Companies, Inc. stock at a predetermined exercise price, typically lower than the market price at the time of grant. Nests provide employees with the right to purchase shares in the future, enabling them to benefit from the potential appreciation in the company's stock value. Another type of stock option available is the Incentive Stock Option (ISO). SOS are granted exclusively to eligible employees, with the advantage of potential tax advantages upon exercise. SOS have specific requirements that must be met, including a limit on the number of shares that can be granted in a given year. These stock options can be a valuable tool to motivate and retain high-performing employees while also providing potential tax benefits. The San Jose California Stock Option and Incentive Plan may also include Restricted Stock Units (RSS) as part of the overall incentive program. RSS are granted to eligible employees as a form of compensation where the stock units are subject to vesting restrictions. Once the vesting requirements are met, the RSS convert into shares of Church Companies, Inc. stock, providing additional ownership rights and potential financial benefits. Additionally, the plan may offer Performance Share Units (Plus). Plus are granted to employees based on predefined performance goals and objectives. They are typically subject to a vesting period and are settled in shares of the company's stock once the performance criteria are achieved. Plus provide a powerful incentive for employees to strive towards superior performance, as they can directly benefit from the company's success. The San Jose California Stock Option and Incentive Plan of Church Companies, Inc. aims to attract, retain, and motivate talented employees, aligning their interests with the long-term success of the company. By offering a range of stock options and incentive options, Church Companies, Inc. seeks to create a culture of ownership, promote loyalty, and reward exceptional performance.