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
Georgia Performance Stock Option Award Agreement of Special Devices, Inc.
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US-CC-18-392G
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How to fill out Performance Stock Option Award Agreement Of Special Devices, Inc.?
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FAQ
An option award, or sometimes called a stock option award, is a legal agreement between a company and an employee that gives the employee stock options in the company as a form of compensation or bonus.
When you're granted stock options, you have the option to purchase company stock at a specific price before a certain date. Whether you actually purchase the stock is entirely up to you. RSUs, on the other hand, grant you the stock itself once the vesting period is complete. You don't have to purchase it.
What are option agreements? Option grants are how companies award equity to employees. Signing an offer letter isn't enough. The option agreement outlines all the details of an employee's option grant. The option agreement is a more detailed version of an offer letter.
Restricted stock awards represent actual ownership of stock and come with conditions on the timing of their sale. An employee benefits from stock options when they buy the stock at the exercise price and then sell it at a higher price.