Delaware 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 Delaware Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation plan designed to incentivize and reward employees, directors, and consultants of the company. This plan offers various types of stock options and awards aimed at driving employee performance, retention, and aligning their interests with the company's long-term success. Fresco, Inc. offers several types of stock options and awards to its eligible participants. These include: 1. Stock Options: Under the Delaware Stock Option and Award Plan, participants may be granted stock options, which provide the right to purchase a specified number of shares of Fresco's common stock at a predetermined price, also known as the exercise price. Stock options encourage participants to contribute to the growth of the company and benefit from its future stock appreciation. 2. Restricted Stock Awards: Another type of award available under the plan is the restricted stock award. This award grants participants a certain number of shares of Fresco's common stock, typically subject to certain restrictions and vesting conditions. This aims to motivate participants to remain with the company while rewarding them with stock ownership. 3. Performance Awards: The Delaware Stock Option and Award Plan may also include performance awards, which are tied to the achievement of specific performance objectives or milestones. These awards are granted based on predetermined performance criteria, such as financial targets or strategic goals. Performance awards ensure that participants' compensation is directly linked to their individual and the company's overall performance. 4. Stock Appreciation Rights (SARS): Another potential feature of the plan is the granting of stock appreciation rights. SARS provides eligible participants with the opportunity to receive cash or stock equivalent to the increase in the value of a specified number of shares of Fresco's common stock over a predetermined baseline price. This helps align participants' interests with the company's stock price performance. Fresco, Inc. values the importance of attracting and retaining top talent, and the Delaware Stock Option and Award Plan serves as a crucial tool in achieving this objective. It encourages and rewards exceptional performance while aligning the interests of participants with those of shareholders. By offering various types of stock options and awards, the company ensures a tailored compensation approach that suits the diverse needs and roles of employees, directors, and consultants.

The Delaware Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation plan designed to incentivize and reward employees, directors, and consultants of the company. This plan offers various types of stock options and awards aimed at driving employee performance, retention, and aligning their interests with the company's long-term success. Fresco, Inc. offers several types of stock options and awards to its eligible participants. These include: 1. Stock Options: Under the Delaware Stock Option and Award Plan, participants may be granted stock options, which provide the right to purchase a specified number of shares of Fresco's common stock at a predetermined price, also known as the exercise price. Stock options encourage participants to contribute to the growth of the company and benefit from its future stock appreciation. 2. Restricted Stock Awards: Another type of award available under the plan is the restricted stock award. This award grants participants a certain number of shares of Fresco's common stock, typically subject to certain restrictions and vesting conditions. This aims to motivate participants to remain with the company while rewarding them with stock ownership. 3. Performance Awards: The Delaware Stock Option and Award Plan may also include performance awards, which are tied to the achievement of specific performance objectives or milestones. These awards are granted based on predetermined performance criteria, such as financial targets or strategic goals. Performance awards ensure that participants' compensation is directly linked to their individual and the company's overall performance. 4. Stock Appreciation Rights (SARS): Another potential feature of the plan is the granting of stock appreciation rights. SARS provides eligible participants with the opportunity to receive cash or stock equivalent to the increase in the value of a specified number of shares of Fresco's common stock over a predetermined baseline price. This helps align participants' interests with the company's stock price performance. Fresco, Inc. values the importance of attracting and retaining top talent, and the Delaware Stock Option and Award Plan serves as a crucial tool in achieving this objective. It encourages and rewards exceptional performance while aligning the interests of participants with those of shareholders. By offering various types of stock options and awards, the company ensures a tailored compensation approach that suits the diverse needs and roles of employees, directors, and consultants.