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
Wisconsin 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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A Performance Stock Option award with a long contractual period provides a continuing source of motivation for participants after the achievement of the initial performance condition. The value eventually realized will continue to appreciate with increasing share price for as long as the award remains unexercised.
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.
In the case of performance shares, the manager receives company shares or stock options as compensation for meeting targets as opposed to traditional stock-option plans where employees receive stock options as part of their usual compensation package.
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.
Vesting Schedules ? RSUs vest gradually, whereas PSUs vest depending on performance. RSUs vest faster than PSUs. The shorter vesting term may benefit individuals who want shares sooner. Tax Implications ? RSUs and PSUs are subject to a variety of tax repercussions when they are cashed in.