San Antonio Texas Stock Option Plan of Hayes Wheels International, Inc., which provides for grant of Incentive Stock Options and Nonqualified Stock Options

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• Control #: US-CC-18-345E
• Format: Word; Rich Text

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 San Antonio Texas Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to incentivize and reward employees through the grant of stock options. This plan encompasses two main types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are a type of stock option that carries certain tax advantages for the employees who exercise them. These options are typically granted to key employees and provide the opportunity to purchase company stock at a predetermined strike price. It's important to note that SOS must meet specific requirements outlined by the Internal Revenue Service (IRS), such as a 10-year exercise period and holding period requirements. Unlike SOS, Nonqualified Stock Options (SOS) do not offer the same tax benefits. These options are generally available to a broader group of employees and have more flexibility in terms of exercise period and strike price. SOS provide employees with the ability to purchase company stock at a predetermined price, allowing them to participate in the company's growth and potentially benefit from a rise in stock value in the future. Hayes Wheels International, Inc. has implemented the San Antonio Texas Stock Option Plan to attract and retain talented individuals by offering them an opportunity to become company shareholders. Through this plan, eligible employees may be granted both Incentive Stock Options and Nonqualified Stock Options, providing them with the ability to acquire company stock and align their interests with the company's long-term success. This comprehensive stock option plan is structured to motivate employees, promote loyalty, and foster a sense of ownership within the company. By granting stock options, Hayes Wheels International, Inc. aims to attract and retain top talent, incentivize performance, and strengthen the company's overall competitiveness in the market. Keywords: San Antonio Texas Stock Option Plan, Hayes Wheels International, Inc., Incentive Stock Options, Nonqualified Stock Options, SOS, SOS, employee incentivization, employee rewards, stock option program, stock option grants, tax advantages, IRS requirements, employee ownership, talent retention, performance incentives, market competitiveness.

The San Antonio Texas Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to incentivize and reward employees through the grant of stock options. This plan encompasses two main types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). Incentive Stock Options (SOS) are a type of stock option that carries certain tax advantages for the employees who exercise them. These options are typically granted to key employees and provide the opportunity to purchase company stock at a predetermined strike price. It's important to note that SOS must meet specific requirements outlined by the Internal Revenue Service (IRS), such as a 10-year exercise period and holding period requirements. Unlike SOS, Nonqualified Stock Options (SOS) do not offer the same tax benefits. These options are generally available to a broader group of employees and have more flexibility in terms of exercise period and strike price. SOS provide employees with the ability to purchase company stock at a predetermined price, allowing them to participate in the company's growth and potentially benefit from a rise in stock value in the future. Hayes Wheels International, Inc. has implemented the San Antonio Texas Stock Option Plan to attract and retain talented individuals by offering them an opportunity to become company shareholders. Through this plan, eligible employees may be granted both Incentive Stock Options and Nonqualified Stock Options, providing them with the ability to acquire company stock and align their interests with the company's long-term success. This comprehensive stock option plan is structured to motivate employees, promote loyalty, and foster a sense of ownership within the company. By granting stock options, Hayes Wheels International, Inc. aims to attract and retain top talent, incentivize performance, and strengthen the company's overall competitiveness in the market. Keywords: San Antonio Texas Stock Option Plan, Hayes Wheels International, Inc., Incentive Stock Options, Nonqualified Stock Options, SOS, SOS, employee incentivization, employee rewards, stock option program, stock option grants, tax advantages, IRS requirements, employee ownership, talent retention, performance incentives, market competitiveness.