San Diego 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 Diego
• 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 Diego California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive employee benefit plan that offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible employees. This plan is designed to incentivize and reward employees of Hayes Wheels International, Inc., a company based in San Diego, California. Incentive Stock Options (SOS) are a type of stock option granted to employees that provide various tax advantages. They are typically offered to key employees and provide the opportunity to purchase company stock at a predetermined price (the exercise price) within a certain timeframe. SOS can only be granted to employees, and there are specific requirements that must be met to qualify for the favorable tax treatment associated with them. SOS are subject to certain restrictions and vesting schedules, which may vary depending on the terms of the stock option plan. Nonqualified Stock Options (SOS), on the other hand, are stock options that do not meet the requirements for favorable tax treatment under the Internal Revenue Code. SOS can be granted to employees, consultants, and other individuals affiliated with the company. Unlike SOS, SOS are more flexible in terms of eligibility and can be offered to a broader range of individuals. SOS typically have a higher exercise price and are subject to regular income tax upon exercise. The San Diego California Stock Option Plan of Hayes Wheels International, Inc. provides employees with the opportunity to participate in the company's growth and success through the grant of SOS and SOS. The plan aims to motivate and retain talented individuals by offering them the potential for ownership in the company and aligning their interests with those of the shareholders. It is an essential tool for attracting and rewarding top talent in San Diego's competitive business environment. Overall, the San Diego California Stock Option Plan of Hayes Wheels International, Inc. is a valuable employee benefit plan that provides employees with the opportunity to acquire company stock through SOS and SOS. It offers flexibility, tax advantages, and serves as a powerful incentive for employees to contribute to the company's long-term growth and success.

The San Diego California Stock Option Plan of Hayes Wheels International, Inc. is a comprehensive employee benefit plan that offers both Incentive Stock Options (SOS) and Nonqualified Stock Options (SOS) to eligible employees. This plan is designed to incentivize and reward employees of Hayes Wheels International, Inc., a company based in San Diego, California. Incentive Stock Options (SOS) are a type of stock option granted to employees that provide various tax advantages. They are typically offered to key employees and provide the opportunity to purchase company stock at a predetermined price (the exercise price) within a certain timeframe. SOS can only be granted to employees, and there are specific requirements that must be met to qualify for the favorable tax treatment associated with them. SOS are subject to certain restrictions and vesting schedules, which may vary depending on the terms of the stock option plan. Nonqualified Stock Options (SOS), on the other hand, are stock options that do not meet the requirements for favorable tax treatment under the Internal Revenue Code. SOS can be granted to employees, consultants, and other individuals affiliated with the company. Unlike SOS, SOS are more flexible in terms of eligibility and can be offered to a broader range of individuals. SOS typically have a higher exercise price and are subject to regular income tax upon exercise. The San Diego California Stock Option Plan of Hayes Wheels International, Inc. provides employees with the opportunity to participate in the company's growth and success through the grant of SOS and SOS. The plan aims to motivate and retain talented individuals by offering them the potential for ownership in the company and aligning their interests with those of the shareholders. It is an essential tool for attracting and rewarding top talent in San Diego's competitive business environment. Overall, the San Diego California Stock Option Plan of Hayes Wheels International, Inc. is a valuable employee benefit plan that provides employees with the opportunity to acquire company stock through SOS and SOS. It offers flexibility, tax advantages, and serves as a powerful incentive for employees to contribute to the company's long-term growth and success.