Pima Arizona Performance Stock Option Award Agreement of Special Devices, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Pima
• 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 Lima Arizona Performance Stock Option Award Agreement is a legal document developed by Special Devices, Inc., a renowned company based in Lima, Arizona. This agreement outlines the terms and conditions related to performance stock option awards granted to employees or executives by the company. Special Devices, Inc. is a highly recognized organization in the field of manufacturing and supplying innovative safety devices, indicating devices, and specialized products globally. Their commitment to excellence and innovation has enabled them to establish a strong presence in industries such as automotive, aerospace, defense, and medical. The Lima Arizona Performance Stock Option Award Agreement provides a framework for Special Devices, Inc. to award stock options to employees who meet specific performance targets and milestones set by the company. These stock options serve as an incentive for individuals to contribute proactively towards the growth and success of the company. The agreement includes various key elements such as the grant date, performance criteria, vesting schedule, exercise price, and expiry date. It outlines the performance goals that eligible employees must attain within a specified time frame to be eligible for exercising their stock options. There could be different types of Lima Arizona Performance Stock Option Award Agreements offered by Special Devices, Inc., each tailored to specific employee groups or circumstances. Some potential variations may include: 1. Executive Performance Stock Option Award Agreement: This agreement is specifically designed for high-level executives or senior management. It may contain additional clauses or provisions relevant to executives' roles and responsibilities within the organization. 2. Employee Performance Stock Option Award Agreement: This agreement is generally applicable to the majority of employees working at Special Devices, Inc. It outlines the performance criteria and expectations applicable to the employees to qualify for the stock options. 3. Team-based Performance Stock Option Award Agreement: In some cases, Special Devices, Inc. may choose to offer stock options based on team accomplishments rather than individual performance. This type of agreement would focus on the collective achievements of a specific team within the company. It is worth noting that the exact terms and conditions of the Lima Arizona Performance Stock Option Award Agreement may vary based on the specific requirements and corporate policies of Special Devices, Inc. To obtain precise information on the agreement, it is advisable to refer to the official document provided by the company or consult with their legal department.

Lima Arizona Performance Stock Option Award Agreement is a legal document developed by Special Devices, Inc., a renowned company based in Lima, Arizona. This agreement outlines the terms and conditions related to performance stock option awards granted to employees or executives by the company. Special Devices, Inc. is a highly recognized organization in the field of manufacturing and supplying innovative safety devices, indicating devices, and specialized products globally. Their commitment to excellence and innovation has enabled them to establish a strong presence in industries such as automotive, aerospace, defense, and medical. The Lima Arizona Performance Stock Option Award Agreement provides a framework for Special Devices, Inc. to award stock options to employees who meet specific performance targets and milestones set by the company. These stock options serve as an incentive for individuals to contribute proactively towards the growth and success of the company. The agreement includes various key elements such as the grant date, performance criteria, vesting schedule, exercise price, and expiry date. It outlines the performance goals that eligible employees must attain within a specified time frame to be eligible for exercising their stock options. There could be different types of Lima Arizona Performance Stock Option Award Agreements offered by Special Devices, Inc., each tailored to specific employee groups or circumstances. Some potential variations may include: 1. Executive Performance Stock Option Award Agreement: This agreement is specifically designed for high-level executives or senior management. It may contain additional clauses or provisions relevant to executives' roles and responsibilities within the organization. 2. Employee Performance Stock Option Award Agreement: This agreement is generally applicable to the majority of employees working at Special Devices, Inc. It outlines the performance criteria and expectations applicable to the employees to qualify for the stock options. 3. Team-based Performance Stock Option Award Agreement: In some cases, Special Devices, Inc. may choose to offer stock options based on team accomplishments rather than individual performance. This type of agreement would focus on the collective achievements of a specific team within the company. It is worth noting that the exact terms and conditions of the Lima Arizona Performance Stock Option Award Agreement may vary based on the specific requirements and corporate policies of Special Devices, Inc. To obtain precise information on the agreement, it is advisable to refer to the official document provided by the company or consult with their legal department.