San Bernardino California 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
• County: San Bernardino
• 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 Bernardino California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to provide employees of the company with stock options, specifically Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are a type of stock option granted to employees, which offer potential tax advantages. Under this plan, employees have the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. SOS are subject to certain eligibility requirements, including being granted within 10 years of the adoption of the plan and being exercised within a designated timeframe. SOS, on the other hand, are stock options that do not meet the requirements for SOS. SOS are more flexible in terms of eligibility criteria and can be granted to both employees and non-employees, such as consultants or board members. These options do not offer the same tax benefits as SOS. The San Bernardino California Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by giving them the opportunity to own a stake in the company. By granting both SOS and SOS, the plan caters to different individuals' needs and circumstances. SOS provide potentially favorable tax treatment for eligible employees, while SOS offer more flexibility in terms of eligibility criteria. In conclusion, the San Bernardino California Stock Option Plan of Hayes Wheels International, Inc. offers two types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These options provide employees with an opportunity to purchase company stock at a predetermined price and align their interests with the company's success.

The San Bernardino California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive program designed to provide employees of the company with stock options, specifically Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). SOS are a type of stock option granted to employees, which offer potential tax advantages. Under this plan, employees have the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. SOS are subject to certain eligibility requirements, including being granted within 10 years of the adoption of the plan and being exercised within a designated timeframe. SOS, on the other hand, are stock options that do not meet the requirements for SOS. SOS are more flexible in terms of eligibility criteria and can be granted to both employees and non-employees, such as consultants or board members. These options do not offer the same tax benefits as SOS. The San Bernardino California Stock Option Plan of Hayes Wheels International, Inc. aims to incentivize and reward employees by giving them the opportunity to own a stake in the company. By granting both SOS and SOS, the plan caters to different individuals' needs and circumstances. SOS provide potentially favorable tax treatment for eligible employees, while SOS offer more flexibility in terms of eligibility criteria. In conclusion, the San Bernardino California Stock Option Plan of Hayes Wheels International, Inc. offers two types of stock options: Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS). These options provide employees with an opportunity to purchase company stock at a predetermined price and align their interests with the company's success.