The Idaho Performance Stock Option Award Agreement is a legal document that outlines the terms and conditions of stock option awards provided by Special Devices, Inc., a leading company in the manufacturing industry. This agreement is specifically designed for employees working in Idaho and is aimed at motivating and rewarding their outstanding performance. The Idaho Performance Stock Option Award Agreement serves as a comprehensive guide for employees, providing them with a clear understanding of the terms and requirements associated with their stock options. It specifies the number of stock options awarded, the exercise price, and the vesting schedule, among other crucial details. Special Devices, Inc. offers different types of Idaho Performance Stock Option Awards to their eligible employees. Here are the notable types: 1. Performance-Based Stock Option: This type of award is granted to employees based on specific performance criteria prescribed by the company. These criteria may include financial targets, individual goals, or other pre-defined objectives. 2. Time-Based Stock Option: Under this agreement, employees are granted stock options based on a predetermined vesting schedule. The vesting of these options is typically linked to the employee's length of service or completion of specific time milestones. 3. Restricted Stock Unit (RSU) Option: RSS are a form of equity compensation where employees are granted units that convert into common stock over time. RSU options are also included in the Idaho Performance Stock Option Award Agreement, offering employees the opportunity to convert their RSS into regular stock options following specific conditions. The Idaho Performance Stock Option Award Agreement of Special Devices, Inc. emphasizes the importance of aligning the incentives of employees with the company's overall performance. It also highlights the terms for exercising the stock options, including any restrictions on the sale or transfer of the awarded shares. Employees eligible for the Idaho Performance Stock Option Award Agreement must carefully review the document to gain a comprehensive understanding of their rights and obligations. It is advisable for them to consult with a legal and financial advisor before making any decisions regarding their stock options.