Florida 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 Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program offered by Stewart Information Services Corp, a leading provider of real estate services. This plan aims to reward and retain top-performing region managers by granting them stock options, allowing them to purchase shares of Stewart Information Services Corp. stock at a predetermined exercise price. Region managers play a significant role in overseeing operations, driving business growth, and ensuring customer satisfaction within their respective regions. With the Florida Stock Option Plan, they are accorded additional recognition and incentives for their exceptional performance and dedication. Under this plan, region managers are provided with the opportunity to acquire stock options based on specific conditions and criteria set forth by Stewart Information Services Corp. The options provided enable managers to buy company stock within a predetermined period, commonly referred to as the "exercise period," at a predetermined price, known as the "exercise price" or "strike price." The Florida Stock Option Plan offers different types of stock options specifically designed for region managers. These may include: 1. Non-Qualified Stock Options (Nests): These options do not qualify for special tax treatment and are typically granted at fair market value. Nests offer flexibility in terms of exercise timing and pricing and can be exercised at the discretion of the region manager. 2. Incentive Stock Options (SOS): SOS provide certain tax advantages to region managers. To qualify for preferential tax treatment, specific requirements outlined in the Internal Revenue Code must be met. SOS typically have a vesting period after which they can be exercised, and exercise prices are usually set at or above the market price at the date of grant. The Florida Stock Option Plan aims to align the interests of region managers with the shareholders of Stewart Information Services Corp., fostering a sense of ownership and a strong commitment to the long-term success of the company. By offering stock options, region managers have the opportunity to benefit financially from the company's growth and enhance their overall compensation package. It is important to note that the details of the Florida Stock Option Plan may vary, and region managers should refer to the specific plan documents and agreements provided by Stewart Information Services Corp. for precise information on eligibility, vesting schedules, exercise periods, exercise prices, and tax implications. Overall, the Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable component of the company's compensation program, recognizing and rewarding the significant contributions made by these managers while also aligning their interests with the long-term success of the organization.

The Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program offered by Stewart Information Services Corp, a leading provider of real estate services. This plan aims to reward and retain top-performing region managers by granting them stock options, allowing them to purchase shares of Stewart Information Services Corp. stock at a predetermined exercise price. Region managers play a significant role in overseeing operations, driving business growth, and ensuring customer satisfaction within their respective regions. With the Florida Stock Option Plan, they are accorded additional recognition and incentives for their exceptional performance and dedication. Under this plan, region managers are provided with the opportunity to acquire stock options based on specific conditions and criteria set forth by Stewart Information Services Corp. The options provided enable managers to buy company stock within a predetermined period, commonly referred to as the "exercise period," at a predetermined price, known as the "exercise price" or "strike price." The Florida Stock Option Plan offers different types of stock options specifically designed for region managers. These may include: 1. Non-Qualified Stock Options (Nests): These options do not qualify for special tax treatment and are typically granted at fair market value. Nests offer flexibility in terms of exercise timing and pricing and can be exercised at the discretion of the region manager. 2. Incentive Stock Options (SOS): SOS provide certain tax advantages to region managers. To qualify for preferential tax treatment, specific requirements outlined in the Internal Revenue Code must be met. SOS typically have a vesting period after which they can be exercised, and exercise prices are usually set at or above the market price at the date of grant. The Florida Stock Option Plan aims to align the interests of region managers with the shareholders of Stewart Information Services Corp., fostering a sense of ownership and a strong commitment to the long-term success of the company. By offering stock options, region managers have the opportunity to benefit financially from the company's growth and enhance their overall compensation package. It is important to note that the details of the Florida Stock Option Plan may vary, and region managers should refer to the specific plan documents and agreements provided by Stewart Information Services Corp. for precise information on eligibility, vesting schedules, exercise periods, exercise prices, and tax implications. Overall, the Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable component of the company's compensation program, recognizing and rewarding the significant contributions made by these managers while also aligning their interests with the long-term success of the organization.