HUHUTECH International Group Inc. adopted its 2024 Equity Incentive Plan on December 6, 2024. The plan's primary purpose is to attract and retain key personnel, including directors, officers, managers, employees, consultants, and advisors. It aims to provide a means for these individuals to acquire and maintain an equity interest in the company.
The plan is designed to strengthen the commitment of participants to the welfare of the company and its affiliates. By aligning their interests with those of the company's shareholders, the plan seeks to foster long-term value creation.
Awards under the plan can include Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Bonus Awards, and Performance Compensation Awards. The Committee, typically the Compensation Committee of the Board, will administer the plan.
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