Wake North Carolina Stock Option Agreement between Shorewood Packaging Corp. and Jefferson Capital Group, Ltd

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• Control #: US-CC-18-366B
• Format: Word; Rich Text

Description

18-366B 18-366B . . . Stock Option Agreement under which corporation grants Non-qualified Option to investment banking firm to purchase 25,000 shares of stock. The Stock Option Agreement gives Optionee certain rights to cause option shares to be registered in conjunction with other public offerings by corporation of its securities (i.e., "piggy-back" registration rights) Wake North Carolina Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd The Wake North Carolina Stock Option Agreement is a legally binding document that sets forth the terms and conditions of the stock options granted by Shore wood Packaging Corp. (referred to as "the Company") to Jefferson Capital Group, Ltd. ("the Grantee"). This agreement allows the Grantee the opportunity to purchase a specific number of shares of the Company's common stock at a predetermined price, within a specified period. The stock options can provide the Grantee with additional financial incentives and align their interests with the Company's long-term success. The Wake North Carolina Stock Option Agreement encompasses various types of stock options that may be granted to Jefferson Capital Group, Ltd. or its employees. These options include: 1. Non-Qualified Stock Options: These options allow the Grantee to purchase shares at a predetermined price, commonly referred to as the "strike price." The Grantee can exercise these options at any time during the agreed-upon vesting period. 2. Incentive Stock Options (SOS): SOS are granted to the Grantee as an incentive to retain their services with the Company. These options have specific tax advantages, as they may qualify for favorable capital gains treatment if certain conditions are met. 3. Restricted Stock Units (RSS): RSS represent an equivalent value of shares that are subject to certain restrictions, typically a vesting schedule. Upon the completion of the vesting period, the Grantee is entitled to receive the corresponding number of shares. 4. Performance Stock Units (Plus): Unlike RSS, Plus are contingent upon achieving predetermined performance goals. These options are designed to align the interests of the Grantee with the Company's strategic objectives and incentivize exceptional performance. The Wake North Carolina Stock Option Agreement outlines various key details, including the number of stock options granted, the exercise price, the vesting schedule, and the expiration date of each option. It also specifies any limitations, transfer restrictions, and the consequences of termination of employment or change in control events. Both Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. must abide by the terms and conditions set forth in this agreement. Failure to comply with these obligations may result in legal remedies for either party. It is crucial for both parties to consult legal and financial advisors to fully understand the implications of this stock option agreement. In conclusion, the Wake North Carolina Stock Option Agreement is a comprehensive and binding contract that defines the stock options to be granted to Jefferson Capital Group, Ltd. It provides an opportunity for the Grantee to acquire shares in the Company and align their interests with its long-term success. This agreement plays a crucial role in attracting and retaining talented individuals, while also serving as a means to enhance overall value for both parties involved.

Wake North Carolina Stock Option Agreement between Shore wood Packaging Corp. and Jefferson Capital Group, Ltd The Wake North Carolina Stock Option Agreement is a legally binding document that sets forth the terms and conditions of the stock options granted by Shore wood Packaging Corp. (referred to as "the Company") to Jefferson Capital Group, Ltd. ("the Grantee"). This agreement allows the Grantee the opportunity to purchase a specific number of shares of the Company's common stock at a predetermined price, within a specified period. The stock options can provide the Grantee with additional financial incentives and align their interests with the Company's long-term success. The Wake North Carolina Stock Option Agreement encompasses various types of stock options that may be granted to Jefferson Capital Group, Ltd. or its employees. These options include: 1. Non-Qualified Stock Options: These options allow the Grantee to purchase shares at a predetermined price, commonly referred to as the "strike price." The Grantee can exercise these options at any time during the agreed-upon vesting period. 2. Incentive Stock Options (SOS): SOS are granted to the Grantee as an incentive to retain their services with the Company. These options have specific tax advantages, as they may qualify for favorable capital gains treatment if certain conditions are met. 3. Restricted Stock Units (RSS): RSS represent an equivalent value of shares that are subject to certain restrictions, typically a vesting schedule. Upon the completion of the vesting period, the Grantee is entitled to receive the corresponding number of shares. 4. Performance Stock Units (Plus): Unlike RSS, Plus are contingent upon achieving predetermined performance goals. These options are designed to align the interests of the Grantee with the Company's strategic objectives and incentivize exceptional performance. The Wake North Carolina Stock Option Agreement outlines various key details, including the number of stock options granted, the exercise price, the vesting schedule, and the expiration date of each option. It also specifies any limitations, transfer restrictions, and the consequences of termination of employment or change in control events. Both Shore wood Packaging Corp. and Jefferson Capital Group, Ltd. must abide by the terms and conditions set forth in this agreement. Failure to comply with these obligations may result in legal remedies for either party. It is crucial for both parties to consult legal and financial advisors to fully understand the implications of this stock option agreement. In conclusion, the Wake North Carolina Stock Option Agreement is a comprehensive and binding contract that defines the stock options to be granted to Jefferson Capital Group, Ltd. It provides an opportunity for the Grantee to acquire shares in the Company and align their interests with its long-term success. This agreement plays a crucial role in attracting and retaining talented individuals, while also serving as a means to enhance overall value for both parties involved.