I've got mine motor mounted under the bench also.
I would've probably went with a hinge set-up like Uncle Billy's but at the time I didn't have a welder and didn't want to cobble something together.
-The grinder is bolted to the bench solid.
-There is a slot cut in the benchtop for the belt to pass through
-The bolt holes for the motor mount are slots cut in the benchtop also
-I just pushed the motor over as hard as I could then tightened the motor mounting bolts.
When I went this route I figured if I had trouble I could go to a hinged set-up later but it'll be 3 years in april and it's going strong so I haven't fooled with it.
One important consideration- I went Variable speed with a VFD so my mount works fine for my configuration. If you intend to use step pulleys to achieve variable speed you'll need the hinged setup to change speeds.
Here's a pic. The motor isn't mounted underneath the grinder itself it's mounted over to the left. I may have to go out and snap a pic to show the motor bolts. they're usually covered up by stuff laying on the bench
take care, Josh