Collin Texas Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 The Collin Texas Performance Stock Option Award Agreement of Special Devices, Inc. is a contractual agreement that outlines the terms and conditions of a stock option award program offered by Special Devices, Inc. to its employees. This agreement specifically pertains to employees based in Collin, Texas. The purpose of this agreement is to incentivize and reward the employees of Special Devices, Inc. in Collin, Texas, for their outstanding performance and contribution to the company's success. By granting stock options, the company aims to motivate and align the interests of its employees with the long-term growth and profitability of the organization. The Collin Texas Performance Stock Option Award Agreement offers various types of stock options, each tailored to different performance criteria and objectives. These options may include: 1. Performance-Based Stock Options: These stock options are awarded based on predetermined performance goals, such as achieving certain financial targets, increasing market share, or meeting specific operational milestones. Employees who meet or exceed these objectives are eligible to receive performance-based stock options as outlined in the agreement. 2. Time-Based Stock Options: In addition to performance-based awards, Special Devices, Inc. may also allocate time-based stock options to eligible employees. These options are granted based on the duration of an employee's service to the company, with a specific vesting schedule outlined in the agreement. The employee becomes entitled to exercise these options after completing the predetermined vesting period. 3. Restricted Stock Units (RSS): The Collin Texas Performance Stock Option Award Agreement may also include the provision for restricted stock units. RSS is similar to stock options but are issued as actual shares of company stock rather than options. These units may have certain vesting requirements and typically provide employees with ownership rights in the company once vested. The agreement further defines the terms and conditions of the stock option program, including the exercise price per share, the maximum number of shares that can be awarded, and any restrictions on the sale or transfer of stock options. It also outlines the mechanism for exercising stock options, including tax implications and the time frame within which options can be exercised. The Collin Texas Performance Stock Option Award Agreement of Special Devices, Inc. is a vital tool for the company in attracting and retaining top talent in Collin, Texas. By offering a variety of stock options tied to performance and tenure, the agreement serves as a means to drive employee motivation and align their interests with the long-term goals of Special Devices, Inc.

The Collin Texas Performance Stock Option Award Agreement of Special Devices, Inc. is a contractual agreement that outlines the terms and conditions of a stock option award program offered by Special Devices, Inc. to its employees. This agreement specifically pertains to employees based in Collin, Texas. The purpose of this agreement is to incentivize and reward the employees of Special Devices, Inc. in Collin, Texas, for their outstanding performance and contribution to the company's success. By granting stock options, the company aims to motivate and align the interests of its employees with the long-term growth and profitability of the organization. The Collin Texas Performance Stock Option Award Agreement offers various types of stock options, each tailored to different performance criteria and objectives. These options may include: 1. Performance-Based Stock Options: These stock options are awarded based on predetermined performance goals, such as achieving certain financial targets, increasing market share, or meeting specific operational milestones. Employees who meet or exceed these objectives are eligible to receive performance-based stock options as outlined in the agreement. 2. Time-Based Stock Options: In addition to performance-based awards, Special Devices, Inc. may also allocate time-based stock options to eligible employees. These options are granted based on the duration of an employee's service to the company, with a specific vesting schedule outlined in the agreement. The employee becomes entitled to exercise these options after completing the predetermined vesting period. 3. Restricted Stock Units (RSS): The Collin Texas Performance Stock Option Award Agreement may also include the provision for restricted stock units. RSS is similar to stock options but are issued as actual shares of company stock rather than options. These units may have certain vesting requirements and typically provide employees with ownership rights in the company once vested. The agreement further defines the terms and conditions of the stock option program, including the exercise price per share, the maximum number of shares that can be awarded, and any restrictions on the sale or transfer of stock options. It also outlines the mechanism for exercising stock options, including tax implications and the time frame within which options can be exercised. The Collin Texas Performance Stock Option Award Agreement of Special Devices, Inc. is a vital tool for the company in attracting and retaining top talent in Collin, Texas. By offering a variety of stock options tied to performance and tenure, the agreement serves as a means to drive employee motivation and align their interests with the long-term goals of Special Devices, Inc.