Mecklenburg North Carolina Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions under which employees of Special Devices, Inc. may be eligible to receive stock options as a performance-based incentive. Special Devices, Inc. is a renowned company headquartered in Mecklenburg County, North Carolina. As a publicly traded company, it strives to reward its employees for their valuable contributions towards the company's growth and success. The Performance Stock Option Award Agreement is an important tool utilized by Special Devices, Inc. to attract and retain top talent, while aligning their performance with the company's overall objectives. The agreement specifies the rights and obligations of both the employee and the company in regard to the stock options. It sets forth the eligibility criteria for employees to qualify for the performance-based stock options, such as meeting specific performance goals, tenure, or other performance indicators. The agreement also outlines the vesting schedule, i.e., the period over which the stock options will become exercisable. In addition, the agreement delineates the exercise price, which is the predetermined cost at which the employee may purchase the company stock. It may also detail any restrictions on the transferability of the options, as well as any other terms and conditions that may apply to the stock options. The Mecklenburg North Carolina Performance Stock Option Award Agreement of Special Devices, Inc. may have various types, depending on the specific needs and preferences of the company. Some potential types of awards could include: 1. Performance-based stock options: These options are granted based on the achievement of predetermined performance targets by the employee or the company as a whole. 2. Time-based stock options: These options vest over a period of time, incentivizing employee retention and longevity within the organization. 3. Restricted stock units (RSS): RSS are another form of stock-based compensation, often subject to specific performance conditions or time-based vesting. 4. Stock appreciation rights (SARS): SARS provide employees the right to receive the appreciation in the company's stock value over a certain period, without having to purchase the underlying stock itself. It is important to note that the specific types and variations of Mecklenburg North Carolina Performance Stock Option Award Agreement may vary based on Special Devices, Inc.'s policies and any applicable legal regulations. Keywords: Mecklenburg North Carolina, Performance Stock Option Award Agreement, Special Devices, Inc., stock options, performance-based incentive, eligibility criteria, vesting schedule, exercise price, transferability restrictions, performance targets, time-based options, restricted stock units, stock appreciation rights.

The Mecklenburg North Carolina Performance Stock Option Award Agreement of Special Devices, Inc. is a legal document that outlines the terms and conditions under which employees of Special Devices, Inc. may be eligible to receive stock options as a performance-based incentive. Special Devices, Inc. is a renowned company headquartered in Mecklenburg County, North Carolina. As a publicly traded company, it strives to reward its employees for their valuable contributions towards the company's growth and success. The Performance Stock Option Award Agreement is an important tool utilized by Special Devices, Inc. to attract and retain top talent, while aligning their performance with the company's overall objectives. The agreement specifies the rights and obligations of both the employee and the company in regard to the stock options. It sets forth the eligibility criteria for employees to qualify for the performance-based stock options, such as meeting specific performance goals, tenure, or other performance indicators. The agreement also outlines the vesting schedule, i.e., the period over which the stock options will become exercisable. In addition, the agreement delineates the exercise price, which is the predetermined cost at which the employee may purchase the company stock. It may also detail any restrictions on the transferability of the options, as well as any other terms and conditions that may apply to the stock options. The Mecklenburg North Carolina Performance Stock Option Award Agreement of Special Devices, Inc. may have various types, depending on the specific needs and preferences of the company. Some potential types of awards could include: 1. Performance-based stock options: These options are granted based on the achievement of predetermined performance targets by the employee or the company as a whole. 2. Time-based stock options: These options vest over a period of time, incentivizing employee retention and longevity within the organization. 3. Restricted stock units (RSS): RSS are another form of stock-based compensation, often subject to specific performance conditions or time-based vesting. 4. Stock appreciation rights (SARS): SARS provide employees the right to receive the appreciation in the company's stock value over a certain period, without having to purchase the underlying stock itself. It is important to note that the specific types and variations of Mecklenburg North Carolina Performance Stock Option Award Agreement may vary based on Special Devices, Inc.'s policies and any applicable legal regulations. Keywords: Mecklenburg North Carolina, Performance Stock Option Award Agreement, Special Devices, Inc., stock options, performance-based incentive, eligibility criteria, vesting schedule, exercise price, transferability restrictions, performance targets, time-based options, restricted stock units, stock appreciation rights.