Alaska Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• 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 Alaska Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company. With this plan, employees are provided stock options and awards as a means to attract, motivate, and retain talent. One of the key types of Alaska Stock Option and Award Plan is the Stock Option Grant. Under this category, employees are granted the right to purchase a specific number of shares at a predetermined price, known as the exercise price. These options are typically exercisable over a certain period, encouraging employees to stay with the company for the long term. Another type within the plan is the Restricted Stock Unit (RSU) Award. This award grants employees a specific number of stock units, which will vest over a certain period. Once the vesting conditions are met, these units convert into actual shares, providing employees with ownership in the company. Furthermore, the Alaska Stock Option and Award Plan may also include Performance-Based Stock Awards. These awards are granted based on the achievement of specific performance criteria, such as revenue targets or market share goals. This type of award aligns employee incentives with the company's overall performance and aims to motivate employees to contribute towards its success. As part of this plan, Fresco, Inc. may also offer an Employee Stock Purchase Plan (ESPN). This allows employees to contribute a portion of their salary to purchase company stock at a discounted price. The ESPN provides employees an opportunity to become shareholders and benefit from potential future price appreciation. In summary, the Alaska Stock Option and Award Plan of Fresco, Inc. encompasses various types of incentives, including Stock Option Grants, Restricted Stock Unit Awards, Performance-Based Stock Awards, and an Employee Stock Purchase Plan. These plans aim to attract and retain talented employees, align their interests with the company's success, and foster a culture of ownership and shared prosperity.