Colorado 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 Colorado Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company through the issuance of stock options and other types of awards. This plan is specifically tailored for employees based in the state of Colorado, United States. Under the Colorado Stock Option and Award Plan, employees are granted stock options that allow them to purchase a specified number of shares at a predetermined price, known as the exercise price. These options typically have a vesting period, during which the employee must remain with the company to fully benefit from the option. Once vested, employees have the flexibility to exercise the options and purchase the shares at the predetermined exercise price, potentially generating a profit if the market price of the stock has increased. In addition to stock options, the Colorado Stock Option and Award Plan of Fresco, Inc. may also include various types of awards such as restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). RSS are awards that grant employees the right to receive shares of company stock at a future date, subject to vesting conditions. Performance shares provide employees with the opportunity to receive additional shares of stock based on the achievement of predetermined performance goals. SARS, on the other hand, offer employees the right to receive a payment equal to the appreciation in the company's stock price over a specified period. The Colorado Stock Option and Award Plan of Fresco, Inc. aims to align employee interests with the overall success and growth of the company. By offering these stock options and awards, the plan seeks to motivate and retain talented employees, fostering a sense of ownership and loyalty. Additionally, these incentives encourage employees to contribute to the long-term performance and profitability of the company. Overall, the Colorado Stock Option and Award Plan provides Colorado-based employees of Fresco, Inc. with opportunities to participate in the company's success by granting them stock options and various types of awards that can potentially generate financial rewards. This comprehensive program ensures that employees are well-positioned to benefit from the growth and prosperity of the organization.