Sacramento California Stock Option Plan of Hayes Wheels International, Inc., which provides for grant of Incentive Stock Options and Nonqualified Stock Options

State:
Multi-State
County:
Sacramento
Control #:
US-CC-18-345E
Format:
Word; 
Rich Text
Instant download

Description

18-345E 18-345E . . . Stock Option Plan which provides for grant of Incentive Stock Options and Non-qualified Stock Options and (b) initial option grants to certain named officers, employees and consultants which contain specific Time Conditions and Performance Conditions as follows: number of shares underlying each option grant is divided into five equal portions which are designated Tranche A through Tranche E. Twenty percent of shares included in each of Tranches A through E shall satisfy Time Condition if optionee is employee or consultant on January 31, 1997 and on each January 31 thereafter. One hundred percent of shares included in each of Tranches A through E satisfy Performance Condition if average per share price of common stock for any consecutive twenty trading days on principal exchange on which common stock is traded equals or exceeds following prices: Tranche A - $16 per share, Tranche B - $32 per share, Tranche C - $48 per share, Tranche D - $64 per share, Tranche E - $80 per share. Notwithstanding above, Initial Grants become fully exercisable on ninth anniversary of date of grant The Sacramento California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to provide employees with stock options as a form of compensation. This plan offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible individuals within the company. Incentive Stock Options are one type of stock option available under this plan. They are typically granted to employees and have certain tax advantages. SOS can only be given to employees, not consultants or independent contractors. These options provide an opportunity for employees to purchase company stock at a predetermined price (the exercise price or strike price) within a specified time frame. The hope is that the value of the stock will rise, allowing employees to sell it at a profit. Nonqualified Stock Options, also known as Nonstatutory Stock Options (SOS), are another type offered within this plan. SOS are granted to employees, consultants, and directors. Unlike SOS, SOS do not qualify for the same tax advantages. However, they still provide the opportunity for individuals to purchase company stock at a predetermined price during a specified period. The Sacramento California Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by offering them the chance to earn a stake in the company's success. By granting SOS and SOS, the plan allows eligible individuals to potentially benefit from the growth and profitability of Hayes Wheels International, Inc. Keywords for this content: Stock Option Plan, Sacramento California, Hayes Wheels International, Incentive Stock Options, Nonqualified Stock Options, compensation, employees, consultants, independent contractors, tax advantages, exercise price, strike price, predetermined price, specified time frame, profit, stake, success, growth, profitability.

The Sacramento California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to provide employees with stock options as a form of compensation. This plan offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible individuals within the company. Incentive Stock Options are one type of stock option available under this plan. They are typically granted to employees and have certain tax advantages. SOS can only be given to employees, not consultants or independent contractors. These options provide an opportunity for employees to purchase company stock at a predetermined price (the exercise price or strike price) within a specified time frame. The hope is that the value of the stock will rise, allowing employees to sell it at a profit. Nonqualified Stock Options, also known as Nonstatutory Stock Options (SOS), are another type offered within this plan. SOS are granted to employees, consultants, and directors. Unlike SOS, SOS do not qualify for the same tax advantages. However, they still provide the opportunity for individuals to purchase company stock at a predetermined price during a specified period. The Sacramento California Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by offering them the chance to earn a stake in the company's success. By granting SOS and SOS, the plan allows eligible individuals to potentially benefit from the growth and profitability of Hayes Wheels International, Inc. Keywords for this content: Stock Option Plan, Sacramento California, Hayes Wheels International, Incentive Stock Options, Nonqualified Stock Options, compensation, employees, consultants, independent contractors, tax advantages, exercise price, strike price, predetermined price, specified time frame, profit, stake, success, growth, profitability.

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Sacramento California Stock Option Plan of Hayes Wheels International, Inc., which provides for grant of Incentive Stock Options and Nonqualified Stock Options