Chicago Illinois Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• Control #: US-CC-18-392G
• Format: Word; Rich Text

Description

18-392G 18-392G . . . Performance Stock Option Award Agreement that is exercisable eight years after date of grant only if, during first year following date of grant, corporation's earnings per share is equal to or exceeds a target level established by Board of Directors for the initial period and during second year after date of grant, corporation's earnings per share is equal to or exceeds a target level to be established by Board of Directors for such subsequent period Chicago Illinois Performance Stock Option Award Agreement of Special Devices, Inc., is a legal document that outlines the terms and conditions of the Performance Stock Option Awards granted by Special Devices, Inc. This agreement is specifically created for employees or other individuals affiliated with the company who are eligible to receive Performance Stock Option Awards. Chicago, Illinois, being the location of Special Devices, Inc.'s headquarters, holds significance in the context of this agreement. The agreement ensures compliance with relevant state laws and regulations, as well as any specific provisions unique to the city of Chicago or the state of Illinois. The Performance Stock Option Award Agreement serves as a binding contract between Special Devices, Inc. and the recipient of the awarded stock options. It contains detailed provisions regarding the terms of the award, such as the number of stock options granted, vesting schedule, exercise price, and expiration date, among others. Different types of Performance Stock Option Award Agreements may exist within Special Devices, Inc., each customized to meet the needs of various groups or positions. Some possible types of Performance Stock Option Awards include: 1. Executive Performance Stock Option Award Agreement: Designed for high-level executives within the company, this agreement may involve larger quantities of stock options and additional performance-based criteria. 2. Employee Performance Stock Option Award Agreement: Geared towards regular employees, this agreement outlines the terms and conditions for granting stock options based on performance metrics relevant to their respective roles. 3. Director Performance Stock Option Award Agreement: Created for members of the board of directors, this agreement aligns the interests of the board with the company's performance by offering stock options as an incentive. Keywords: Performance Stock Option Award Agreement, Chicago, Illinois, Special Devices, Inc., legal terms, employee, eligibility, state laws, compliance, provisions, binding contract, stock options, vesting schedule, exercise price, expiration date, executive, employee, director, high-level executives, regular employees, board of directors, incentive, performance metrics.

Chicago Illinois Performance Stock Option Award Agreement of Special Devices, Inc., is a legal document that outlines the terms and conditions of the Performance Stock Option Awards granted by Special Devices, Inc. This agreement is specifically created for employees or other individuals affiliated with the company who are eligible to receive Performance Stock Option Awards. Chicago, Illinois, being the location of Special Devices, Inc.'s headquarters, holds significance in the context of this agreement. The agreement ensures compliance with relevant state laws and regulations, as well as any specific provisions unique to the city of Chicago or the state of Illinois. The Performance Stock Option Award Agreement serves as a binding contract between Special Devices, Inc. and the recipient of the awarded stock options. It contains detailed provisions regarding the terms of the award, such as the number of stock options granted, vesting schedule, exercise price, and expiration date, among others. Different types of Performance Stock Option Award Agreements may exist within Special Devices, Inc., each customized to meet the needs of various groups or positions. Some possible types of Performance Stock Option Awards include: 1. Executive Performance Stock Option Award Agreement: Designed for high-level executives within the company, this agreement may involve larger quantities of stock options and additional performance-based criteria. 2. Employee Performance Stock Option Award Agreement: Geared towards regular employees, this agreement outlines the terms and conditions for granting stock options based on performance metrics relevant to their respective roles. 3. Director Performance Stock Option Award Agreement: Created for members of the board of directors, this agreement aligns the interests of the board with the company's performance by offering stock options as an incentive. Keywords: Performance Stock Option Award Agreement, Chicago, Illinois, Special Devices, Inc., legal terms, employee, eligibility, state laws, compliance, provisions, binding contract, stock options, vesting schedule, exercise price, expiration date, executive, employee, director, high-level executives, regular employees, board of directors, incentive, performance metrics.