Wake North Carolina Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• Control #: US-CC-18-323
• Format: Word; Rich Text

Description

18-323 18-323 . . . Stock Option and Award Plan under which Committee can grant (a) Incentive Stock Options and Non-qualified Stock Options to persons other that outside directors, (b) Non-qualified Stock Options to outside directors (15,000 shares on his or her date of election or appointment and 15,000 shares every three years upon his or her re-election), (c) Restricted Stock, and (d) Performance Shares which have value equal to fair market value of share of stock on date Performance Share is earned. Committee sets performance goals which, depending on extent to which they are met, will determine number of Performance Shares that will be earned by Participants. Committee uses one or more of following performance measures for purposes of grants of Performance Shares: total stockholder return, return on assets, return on equity, earnings per share, and ratio of operating overhead to operating revenues The Wake North Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their contributions to the company's growth and success. This plan allows eligible individuals to receive stock options and various types of awards based on a variety of factors, including performance, tenure, and achievement of specific targets. Under this plan, employees have the opportunity to receive stock options, which are a type of financial instrument that grants them the right to buy a certain number of company shares at a predetermined price within a designated timeframe. Stock options provide employees with a sense of ownership and align their interests with the company's long-term performance. Additionally, the Wake North Carolina Stock Option and Award Plan encompasses multiple types of awards beyond stock options. These awards may include cash bonuses, restricted stock units (RSS), performance shares, and performance-based cash incentives. Each award type has its own unique criteria and vesting schedule, which is specified in the plan. The stock options granted under this plan have various features, such as exercise price, vesting schedule, and expiration period. The exercise price is the price at which employees can purchase the company's stock, usually set at the fair market value on the grant date. The vesting schedule determines when employees can exercise their options, typically based on a specific timeline or achievement of performance goals. The expiration period indicates the window within which employees must exercise their options; otherwise, they will expire. The Wake North Carolina Stock Option and Award Plan of Fresco, Inc. aims to incentivize and motivate employees while promoting loyalty and dedication to the company's long-term success. By offering a variety of stock options and awards, the plan provides employees with a comprehensive compensation package that reflects their contributions and aligns their interests with those of the company. It is important to note that the specific details and terms of the Wake North Carolina Stock Option and Award Plan of Fresco, Inc. may vary depending on the version and any amendments made over time. Therefore, employees should refer to the official plan document for the most accurate and up-to-date information on the available stock options and awards within Fresco, Inc.

The Wake North Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their contributions to the company's growth and success. This plan allows eligible individuals to receive stock options and various types of awards based on a variety of factors, including performance, tenure, and achievement of specific targets. Under this plan, employees have the opportunity to receive stock options, which are a type of financial instrument that grants them the right to buy a certain number of company shares at a predetermined price within a designated timeframe. Stock options provide employees with a sense of ownership and align their interests with the company's long-term performance. Additionally, the Wake North Carolina Stock Option and Award Plan encompasses multiple types of awards beyond stock options. These awards may include cash bonuses, restricted stock units (RSS), performance shares, and performance-based cash incentives. Each award type has its own unique criteria and vesting schedule, which is specified in the plan. The stock options granted under this plan have various features, such as exercise price, vesting schedule, and expiration period. The exercise price is the price at which employees can purchase the company's stock, usually set at the fair market value on the grant date. The vesting schedule determines when employees can exercise their options, typically based on a specific timeline or achievement of performance goals. The expiration period indicates the window within which employees must exercise their options; otherwise, they will expire. The Wake North Carolina Stock Option and Award Plan of Fresco, Inc. aims to incentivize and motivate employees while promoting loyalty and dedication to the company's long-term success. By offering a variety of stock options and awards, the plan provides employees with a comprehensive compensation package that reflects their contributions and aligns their interests with those of the company. It is important to note that the specific details and terms of the Wake North Carolina Stock Option and Award Plan of Fresco, Inc. may vary depending on the version and any amendments made over time. Therefore, employees should refer to the official plan document for the most accurate and up-to-date information on the available stock options and awards within Fresco, Inc.