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Option Award Value means the positive difference, if any, between (i) the sum of (A) the product of (I) the number of shares of Common Stock of the Company underlying the options awarded to the Executive under the nonqualified option grant of even date herewith and (II) the VWAP of one share of Common Stock of the ...
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.
Performance shares are an incentive-based form of stock compensation paid to corporate managers or executives if certain benchmarks are met. Employees are often granted performance shares in the form of bonuses and/or stock options.
Unlike standard stock options, performance shares vest depending on attaining particular performance targets. These objectives might be connected to sales growth, profitability, or other vital organisational measures.
Performance shares are an incentive-based form of stock compensation paid to corporate managers or executives if certain benchmarks are met. Employees are often granted performance shares in the form of bonuses and/or stock options.