Hennepin Minnesota Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Performance Stock Option Award Agreement is a legal document associated with Special Devices, Inc., a company based in Hennepin County, Minnesota. This agreement outlines the terms and conditions regarding the granting of stock options to employees as a form of performance-based incentive compensation. Special Devices, Inc. offers various types of Performance Stock Option Award Agreements to its employees based on their roles, responsibilities, and performance. These agreements may include: 1. Executive Stock Option Agreement: This type of agreement is typically offered to top-level executives within the company. It outlines the number of stock options granted, the exercise price, vesting schedule, and any other specific terms and conditions applicable to executives. 2. Employee Stock Option Agreement: This agreement is provided to regular employees as a part of their compensation package. It details the number of stock options awarded, the exercise price, vesting schedule, and any other relevant provisions specific to employees. 3. Director Stock Option Agreement: Directors of the company may receive a separate type of agreement. This agreement specifies the terms and conditions of the stock options granted to directors, including the number of shares, exercise price, and vesting schedule. The Hennepin Minnesota Performance Stock Option Award Agreement typically includes essential information such as the grant date, the duration of the agreement, the exercise price (the price at which employees can purchase the stock options), and the vesting schedule (the timeframe in which the stock options become exercisable). Moreover, the agreement may cover additional details such as the conditions for exercising stock options, any restrictions on the transfer of options, tax implications, and provisions relating to termination of employment or change of control. Employees who are granted stock options under this agreement have the opportunity to benefit from the company's performance and growth. The options allow employees to purchase company shares at a predetermined price, known as the exercise price, usually lower than the market price. It is important for employees to carefully review and understand the terms and conditions outlined in the Hennepin Minnesota Performance Stock Option Award Agreement before accepting the grant. Seeking professional advice from tax consultants or financial advisors may also be advantageous to fully comprehend the potential benefits and implications of the awarded stock options.

Hennepin Minnesota Performance Stock Option Award Agreement is a legal document associated with Special Devices, Inc., a company based in Hennepin County, Minnesota. This agreement outlines the terms and conditions regarding the granting of stock options to employees as a form of performance-based incentive compensation. Special Devices, Inc. offers various types of Performance Stock Option Award Agreements to its employees based on their roles, responsibilities, and performance. These agreements may include: 1. Executive Stock Option Agreement: This type of agreement is typically offered to top-level executives within the company. It outlines the number of stock options granted, the exercise price, vesting schedule, and any other specific terms and conditions applicable to executives. 2. Employee Stock Option Agreement: This agreement is provided to regular employees as a part of their compensation package. It details the number of stock options awarded, the exercise price, vesting schedule, and any other relevant provisions specific to employees. 3. Director Stock Option Agreement: Directors of the company may receive a separate type of agreement. This agreement specifies the terms and conditions of the stock options granted to directors, including the number of shares, exercise price, and vesting schedule. The Hennepin Minnesota Performance Stock Option Award Agreement typically includes essential information such as the grant date, the duration of the agreement, the exercise price (the price at which employees can purchase the stock options), and the vesting schedule (the timeframe in which the stock options become exercisable). Moreover, the agreement may cover additional details such as the conditions for exercising stock options, any restrictions on the transfer of options, tax implications, and provisions relating to termination of employment or change of control. Employees who are granted stock options under this agreement have the opportunity to benefit from the company's performance and growth. The options allow employees to purchase company shares at a predetermined price, known as the exercise price, usually lower than the market price. It is important for employees to carefully review and understand the terms and conditions outlined in the Hennepin Minnesota Performance Stock Option Award Agreement before accepting the grant. Seeking professional advice from tax consultants or financial advisors may also be advantageous to fully comprehend the potential benefits and implications of the awarded stock options.