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
District of Columbia Performance Stock Option Award Agreement of Special Devices, Inc.
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How to fill out Performance Stock Option Award Agreement Of Special Devices, Inc.?
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FAQ
A stock option award is a type of compensation contract that companies use to incentivize employees. This contract is an agreement between the company and employee that gives them the right, but not the obligation, to purchase shares of company stock at a set price in the future (usually for pennies on the dollar).
Cash-?Settled Performance Shares (Performance Condition) ?Fair value? is equal to the number of performance shares expected to be earned (or actually earned) multiplied by the fair market value of a share of company stock on the date of determination.
Potential drawbacks of PSUs include complexity in design and administration, challenges in setting fair and achievable performance goals, volatility in payouts due to market and company conditions, and dilution of existing shareholders' ownership.
Performance Stock Unit (PSU) A company's commitment to give a targeted number of shares of stock or cash equivalent to an employee at a future date, once vested. The actual number of shares given will vary based on performance as measured against the defined goals.
The main difference between restricted stock and performance shares is that restricted stock is typically awarded to employees with the condition that they remain with the company for a certain period of time, while performance shares are awarded to employees based on the company's performance.
A performance award is a grant of company shares or units in which the recipient's rights in the shares or units are contingent on the achievement of pre-established performance goals, and restricted until the end of a set performance period.