California Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-365B
• Format: Word; Rich Text

Description

18-365B 18-365B . . . Stock Option Plan for Region Managers under which Compensation Committee may grant Incentive and Non-qualified Stock Options to full-time key employees who are employed at time of grant as Region Managers or equivalent position. In determining number of shares subject to an option granted in any given year to a particular Region Manager, Committee shall consider whether (a) pretax profits in Region Manager's territory have increased over prior year, (b) cash received by corporation from Region Manager's territory has increased over prior year, (c) percentage of claim dollars to revenues in Region Manager's territory has decreased over prior year, (d) delinquencies have decreased or maintained at zero level from prior year, (e) market share has increased in Region Manager's territory over prior year, (f) Region Manager has made efforts to expand territory through expansion of markets and/or sale of new products, (g) Region Manager's territory complies with corporation policy relating to agency visits, audits, automation, training, and benefit participation, and (h) Region Manager incorporates corporation's goals and strategies into goals for his territory The California Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to incentivize and reward the performance of region managers within the company. This plan offers region managers in California the opportunity to own a stake in the company's success and benefit from its growth. Under this plan, region managers are granted the option to purchase shares of Stewart Information Services Corp. stock at a predetermined exercise price. These stock options serve as a form of additional compensation beyond regular salary and provide region managers with a vested interest in the company's performance. The California Stock Option Plan for Region Managers is divided into different types based on various factors such as tenure, performance, and seniority. These types include: 1. Standard Stock Option: This is the basic type of stock option granted to region managers, allowing them to purchase a predetermined number of shares at an exercise price set at the time of grant. The options typically vest over a specified period, incentivizing region managers to remain with the company and contribute to its long-term success. 2. Performance-based Stock Option: This type of stock option rewards region managers based on the achievement of specific performance targets. It may be linked to metrics such as revenue growth, market share expansion, or cost reduction. Higher performance results in a greater number of stock options granted or a reduced exercise price, providing a strong incentive for region managers to excel in their roles. 3. Senior Management Stock Option: This category of stock option is exclusively available to senior region managers who hold significant responsibilities within the company. It may include additional benefits such as accelerated vesting schedules or a higher percentage of stock options compared to other region managers. This type of stock option aims to attract and retain top-tier talent in key leadership positions. 4. Restricted Stock Units (RSS): In addition to stock options, region managers may also be eligible for RSS, which represent the promise to deliver company shares at a future date. Unlike stock options, RSS do not require a purchase; instead, they offer a conditional grant of shares, usually subject to a vesting schedule. RSS provide region managers with a direct ownership interest in the company's stock once they fully vest. Overall, the California Stock Option Plan of Stewart Information Services Corp. for Region Managers is multifaceted, catering to the unique needs and performance levels of region managers in the company. It serves as a powerful tool to attract, retain, and motivate talented individuals by aligning their interests with the long-term success and growth of Stewart Information Services Corp.

The California Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to incentivize and reward the performance of region managers within the company. This plan offers region managers in California the opportunity to own a stake in the company's success and benefit from its growth. Under this plan, region managers are granted the option to purchase shares of Stewart Information Services Corp. stock at a predetermined exercise price. These stock options serve as a form of additional compensation beyond regular salary and provide region managers with a vested interest in the company's performance. The California Stock Option Plan for Region Managers is divided into different types based on various factors such as tenure, performance, and seniority. These types include: 1. Standard Stock Option: This is the basic type of stock option granted to region managers, allowing them to purchase a predetermined number of shares at an exercise price set at the time of grant. The options typically vest over a specified period, incentivizing region managers to remain with the company and contribute to its long-term success. 2. Performance-based Stock Option: This type of stock option rewards region managers based on the achievement of specific performance targets. It may be linked to metrics such as revenue growth, market share expansion, or cost reduction. Higher performance results in a greater number of stock options granted or a reduced exercise price, providing a strong incentive for region managers to excel in their roles. 3. Senior Management Stock Option: This category of stock option is exclusively available to senior region managers who hold significant responsibilities within the company. It may include additional benefits such as accelerated vesting schedules or a higher percentage of stock options compared to other region managers. This type of stock option aims to attract and retain top-tier talent in key leadership positions. 4. Restricted Stock Units (RSS): In addition to stock options, region managers may also be eligible for RSS, which represent the promise to deliver company shares at a future date. Unlike stock options, RSS do not require a purchase; instead, they offer a conditional grant of shares, usually subject to a vesting schedule. RSS provide region managers with a direct ownership interest in the company's stock once they fully vest. Overall, the California Stock Option Plan of Stewart Information Services Corp. for Region Managers is multifaceted, catering to the unique needs and performance levels of region managers in the company. It serves as a powerful tool to attract, retain, and motivate talented individuals by aligning their interests with the long-term success and growth of Stewart Information Services Corp.