This form is a Stock Option and Award Plan. The purpose of the plan is to secure for the stockholders the benefits of the incentive in stock ownership. The transactions are intended to comply with all applicable conditions of Rule 16b-3.
Virgin Islands Stock Option and Award Plan
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FAQ
With a stock award, you receive the company's stocks as compensation. Depending on the type of stock, you may have to wait for a certain period before you can fully own it. A stock option, on the other hand, only gives you the right to buy the company's stocks in the future at a certain price.
Stock options are a form of compensation. Companies can grant them to employees, contractors, consultants and investors. These options, which are contracts, give an employee the right to buy, or exercise, a set number of shares of the company stock at a preset price, also known as the grant price.
Companies award stock options to recruit and retain key employees, executives and directors. These options give holders the right to buy the underlying shares at predetermined prices, known as strike prices, before specified expiration dates.
What Type Of Stock Award Are You Receiving? Stock options and RSUs are among the most common types of equity compensation. An employee stock option is a contract that grants an employee the right to buy shares in his or her employer at a specific, fixed price, known as the exercise price, after a designated date.
Stock Awards means any rights granted by the Company to Executive with respect to the common stock of the Company, including, without limitation, stock options, stock appreciation rights, restricted stock, stock bonuses and restricted stock units.
On-hire stock awards these typically vest 25% per year over four years, with one vest annually on your employment anniversary. Generally, your on-hire stock award shares will not vest until one year after employment starts.
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.
From the employee's standpoint, a stock option grant is an opportunity to purchase stock in the company for which they work. Typically, the grant price is set as the market price at the time the grant is offered.
An option grant is a right to acquire a set number of shares of stock of a company at a set price.
Stock options give employees the right to purchase company stock at a specific price known as the strike price. Options are granted on a set vesting schedule. RSUs are a type of restricted stock that's granted to key employees based on a set vesting schedule or after they reach certain performance benchmarks.
