Kings New York Executive Stock Incentive Plan of Octo Limited

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• Control #: US-CC-20-225
• Format: Word; Rich Text

Description

20-225 20-225 . . . Stock Incentive Plan under which corporation makes contributions to Stock Plan (to an independent trustee) in form of cash and common stock. All cash received by Trust is used to purchase common stock of corporation, either from corporation or on open market. At end of each year, committee designates participants in Stock Plan and allocates among them contributions for such year in such proportions as committee determines. Each participant is credited with his share of income and charged with his share of expenses of Trust for each year Keywords: Kings New York Executive Stock Incentive Plan, Onto Limited, detailed description, types The Kings New York Executive Stock Incentive Plan of Onto Limited is a comprehensive compensation program designed to reward and motivate the top executives of the company. This plan offers various types of stock-based incentives that enable executives to align their interests with those of the shareholders, fostering long-term growth and profitability. 1. Performance-Based Stock Options: Under this type of incentive, executives are granted stock options, which allow them to purchase a specific number of company shares at a predetermined price within a specified time frame. These options are contingent upon achieving predefined performance targets, such as financial goals, market share growth, or product innovation milestones. By offering performance-based stock options, Onto Limited encourages executives to drive the company's success and increase shareholder value. 2. Restricted Stock Units (RSS): RSS are another component of the Kings New York Executive Stock Incentive Plan. Executives receive RSS as a form of restricted equity that converts into actual company shares after a predetermined vesting period. RSS serve as a valuable retention tool, as executives must remain with the company throughout the vesting period to fully realize the benefits. This type of incentive fosters loyalty and encourages executives to contribute to the company's long-term success. 3. Performance Share Awards: Performance share awards provide executives with an opportunity to receive company stock based on the achievement of specific performance targets. These targets are determined by a combination of financial metrics, strategic goals, and individual performance objectives. By linking stock awards to performance, Onto Limited ensures that executives are directly rewarded for their contributions to the company's growth and profitability. 4. Stock Appreciation Rights (SARS): SARS are a type of incentive that grants executives the right to receive the increase in the value of a specific number of company shares over a predetermined period. This allows executives to benefit from the company's stock price appreciation without actually owning the shares. SARS align the interests of executives with shareholders by incentivizing them to drive the company's stock price upward. Overall, the Kings New York Executive Stock Incentive Plan of Onto Limited offers a well-rounded and comprehensive set of stock-based incentives to motivate and reward executives. By providing performance-based stock options, restricted stock units, performance share awards, and stock appreciation rights, Onto Limited ensures that its top executives are motivated to achieve company goals, enhance shareholder value, and contribute to long-term success.

Keywords: Kings New York Executive Stock Incentive Plan, Onto Limited, detailed description, types The Kings New York Executive Stock Incentive Plan of Onto Limited is a comprehensive compensation program designed to reward and motivate the top executives of the company. This plan offers various types of stock-based incentives that enable executives to align their interests with those of the shareholders, fostering long-term growth and profitability. 1. Performance-Based Stock Options: Under this type of incentive, executives are granted stock options, which allow them to purchase a specific number of company shares at a predetermined price within a specified time frame. These options are contingent upon achieving predefined performance targets, such as financial goals, market share growth, or product innovation milestones. By offering performance-based stock options, Onto Limited encourages executives to drive the company's success and increase shareholder value. 2. Restricted Stock Units (RSS): RSS are another component of the Kings New York Executive Stock Incentive Plan. Executives receive RSS as a form of restricted equity that converts into actual company shares after a predetermined vesting period. RSS serve as a valuable retention tool, as executives must remain with the company throughout the vesting period to fully realize the benefits. This type of incentive fosters loyalty and encourages executives to contribute to the company's long-term success. 3. Performance Share Awards: Performance share awards provide executives with an opportunity to receive company stock based on the achievement of specific performance targets. These targets are determined by a combination of financial metrics, strategic goals, and individual performance objectives. By linking stock awards to performance, Onto Limited ensures that executives are directly rewarded for their contributions to the company's growth and profitability. 4. Stock Appreciation Rights (SARS): SARS are a type of incentive that grants executives the right to receive the increase in the value of a specific number of company shares over a predetermined period. This allows executives to benefit from the company's stock price appreciation without actually owning the shares. SARS align the interests of executives with shareholders by incentivizing them to drive the company's stock price upward. Overall, the Kings New York Executive Stock Incentive Plan of Onto Limited offers a well-rounded and comprehensive set of stock-based incentives to motivate and reward executives. By providing performance-based stock options, restricted stock units, performance share awards, and stock appreciation rights, Onto Limited ensures that its top executives are motivated to achieve company goals, enhance shareholder value, and contribute to long-term success.