The Cook Illinois Performance Stock Option Award Agreement is a type of compensation agreement offered by Special Devices, Inc. to its employees. This agreement grants employees the opportunity to purchase company stock at a pre-determined price, known as the exercise price, within a specified period. The Cook Illinois Performance Stock Option Award Agreement is designed to reward and motivate employees by allowing them to participate in the company's financial success. It provides an incentive for employees to work towards the achievement of specific performance goals or targets. The agreement typically outlines the terms and conditions under which the stock options will be granted and exercised. There may be different types of Cook Illinois Performance Stock Option Award Agreements offered by Special Devices, Inc. based on various factors, such as employee position, tenure, and performance level. For example, there may be separate agreements for executive-level employees, mid-level managers, and other staff members. Keywords: Cook Illinois, Performance Stock Option Award Agreement, Special Devices, Inc., compensation agreement, stock options, exercise price, financial success, performance goals, employee position, tenure, performance level.