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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Stock Option and Incentive Plan is a compensation program offered by Church Companies, Inc., specifically available to employees in Suffolk County, New York. This plan aims to motivate and reward eligible employees by providing them with stock options and incentives based on their performance and contribution to the company's growth. Under this plan, employees are granted stock options, which give them the right to purchase a set number of company stocks at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the employee must stay with the company to be able to exercise the options. The Suffolk New York Stock Option and Incentive Plan seeks to align the interests of employees with those of the company's shareholders, as it encourages employees to work towards increasing the company's stock value, which ultimately benefits both parties. This plan may have various types or tiers, including: 1. Employee Stock Purchase Plan: This type of plan allows eligible employees to purchase company stocks at a discounted price. Employees can allocate a portion of their salary towards acquiring these stocks, contributing to their long-term savings and potential wealth accumulation. 2. Performance-Based Stock Option Plan: In this plan, stock options are granted based on an individual or collective performance metric, such as meeting revenue targets or achieving specific milestones. These options reward high-performing employees, motivating them to excel in their roles. 3. Retention-Based Stock Option Plan: This type of plan is designed to retain key employees by granting stock options that vest over a period of time, typically several years. This encourages employees to stay with the company for the long term, contributing to stability and continuity. 4. Executive Stock Option Plan: This plan is specifically tailored for executives and top-level management, providing them with higher-value stock options to incentivize their strategic decision-making and leadership abilities. 5. Restricted Stock Units (RSS) Plan: In addition to stock options, the Suffolk New York Stock Option and Incentive Plan may also incorporate RSS. RSS grant employees the right to receive company stocks at a future date, subject to certain conditions and vesting schedules. It is important for potential plan participants and interested parties to review the specific terms and conditions of the Suffolk New York Stock Option and Incentive Plan, as these may vary based on individual circumstances and policies set forth by Church Companies, Inc.

The Suffolk New York Stock Option and Incentive Plan is a compensation program offered by Church Companies, Inc., specifically available to employees in Suffolk County, New York. This plan aims to motivate and reward eligible employees by providing them with stock options and incentives based on their performance and contribution to the company's growth. Under this plan, employees are granted stock options, which give them the right to purchase a set number of company stocks at a predetermined price, known as the exercise price. These stock options typically have a vesting period, during which the employee must stay with the company to be able to exercise the options. The Suffolk New York Stock Option and Incentive Plan seeks to align the interests of employees with those of the company's shareholders, as it encourages employees to work towards increasing the company's stock value, which ultimately benefits both parties. This plan may have various types or tiers, including: 1. Employee Stock Purchase Plan: This type of plan allows eligible employees to purchase company stocks at a discounted price. Employees can allocate a portion of their salary towards acquiring these stocks, contributing to their long-term savings and potential wealth accumulation. 2. Performance-Based Stock Option Plan: In this plan, stock options are granted based on an individual or collective performance metric, such as meeting revenue targets or achieving specific milestones. These options reward high-performing employees, motivating them to excel in their roles. 3. Retention-Based Stock Option Plan: This type of plan is designed to retain key employees by granting stock options that vest over a period of time, typically several years. This encourages employees to stay with the company for the long term, contributing to stability and continuity. 4. Executive Stock Option Plan: This plan is specifically tailored for executives and top-level management, providing them with higher-value stock options to incentivize their strategic decision-making and leadership abilities. 5. Restricted Stock Units (RSS) Plan: In addition to stock options, the Suffolk New York Stock Option and Incentive Plan may also incorporate RSS. RSS grant employees the right to receive company stocks at a future date, subject to certain conditions and vesting schedules. It is important for potential plan participants and interested parties to review the specific terms and conditions of the Suffolk New York Stock Option and Incentive Plan, as these may vary based on individual circumstances and policies set forth by Church Companies, Inc.