Florida 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 Florida Stock Option and Award Plan of Fresco, Inc. is a comprehensive system established by the company to provide its employees with attractive stock options and awards. This plan aims to align the interests of the employees with the long-term growth and success of Fresco, Inc. It offers employees an opportunity to acquire shares of the company's stock, enabling them to become shareholders and share in the company's prosperity. Florida Stock Option and Award Plan: 1. Stock Options: Stock options are a key component of the Florida Stock Option and Award Plan of Fresco, Inc. These options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. Stock options typically have a vesting period, during which employees must wait before exercising their right to buy shares. This strategy encourages employees to stay with the company and contribute to its growth. 2. Restricted Stock Units (RSS): RSS are another type of award available under the Florida Stock Option and Award Plan. These units represent the promise to deliver a certain number of shares at a future date without requiring any payment from the employee. RSS are subject to vesting conditions, and once vested, employees receive the shares as compensation. RSS encourage employee retention and motivation, as they usually have value only if the company's stock price increases. 3. Performance Stock Units (Plus): Performance Stock Units are a form of incentive compensation provided to employees under the Florida Stock Option and Award Plan. Plus are granted based on predetermined performance criteria, such as achieving annual revenue targets, improving market share, or meeting specific profitability goals. These units represent the right to receive company shares following the completion of the performance period and achievement of performance goals. Plus help drive employee performance and align their interests with the company's overall objectives. 4. Employee Stock Purchase Plan (ESPN): In addition to stock options and awards, Fresco, Inc. may also offer an Employee Stock Purchase Plan to eligible employees within the Florida Stock Option and Award Plan. Under this plan, employees can contribute a portion of their salary to purchase company stock at a discounted price. ESPN provide employees with an affordable way to acquire company shares regularly and foster a sense of ownership. Overall, the Florida Stock Option and Award Plan of Fresco, Inc. serves as a comprehensive framework for incentivizing and rewarding employees. Through various types of stock options and awards such as RSS, Plus, and potentially an ESPN, employees are encouraged to contribute to the long-term success of the company while also benefiting from its growth and prosperity.

The Florida Stock Option and Award Plan of Fresco, Inc. is a comprehensive system established by the company to provide its employees with attractive stock options and awards. This plan aims to align the interests of the employees with the long-term growth and success of Fresco, Inc. It offers employees an opportunity to acquire shares of the company's stock, enabling them to become shareholders and share in the company's prosperity. Florida Stock Option and Award Plan: 1. Stock Options: Stock options are a key component of the Florida Stock Option and Award Plan of Fresco, Inc. These options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. Stock options typically have a vesting period, during which employees must wait before exercising their right to buy shares. This strategy encourages employees to stay with the company and contribute to its growth. 2. Restricted Stock Units (RSS): RSS are another type of award available under the Florida Stock Option and Award Plan. These units represent the promise to deliver a certain number of shares at a future date without requiring any payment from the employee. RSS are subject to vesting conditions, and once vested, employees receive the shares as compensation. RSS encourage employee retention and motivation, as they usually have value only if the company's stock price increases. 3. Performance Stock Units (Plus): Performance Stock Units are a form of incentive compensation provided to employees under the Florida Stock Option and Award Plan. Plus are granted based on predetermined performance criteria, such as achieving annual revenue targets, improving market share, or meeting specific profitability goals. These units represent the right to receive company shares following the completion of the performance period and achievement of performance goals. Plus help drive employee performance and align their interests with the company's overall objectives. 4. Employee Stock Purchase Plan (ESPN): In addition to stock options and awards, Fresco, Inc. may also offer an Employee Stock Purchase Plan to eligible employees within the Florida Stock Option and Award Plan. Under this plan, employees can contribute a portion of their salary to purchase company stock at a discounted price. ESPN provide employees with an affordable way to acquire company shares regularly and foster a sense of ownership. Overall, the Florida Stock Option and Award Plan of Fresco, Inc. serves as a comprehensive framework for incentivizing and rewarding employees. Through various types of stock options and awards such as RSS, Plus, and potentially an ESPN, employees are encouraged to contribute to the long-term success of the company while also benefiting from its growth and prosperity.