Georgia 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 Georgia Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide employees with opportunities for equity participation and reward exceptional performance. This plan aims to motivate and retain talented individuals by offering various stock options and awards that align their interests with the long-term success of the company. Keywords: Georgia Stock Option and Award Plan, Fresco, Inc., equity participation, exceptional performance, motivate, retain, stock options, awards, long-term success. There are different types of stock options and awards available under the Georgia Stock Option and Award Plan of Fresco, Inc. These include: 1. Stock Options: Fresco, Inc. may grant employees stock options, which allow them to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period, during which employees must remain employed to become eligible for exercising their options. 2. Restricted Stock Units (RSS): RSS are awards granted to employees that represent the right to receive company shares in the future. These units vest over a specific period, after which employees become eligible to receive the shares. RSS are designed to align employee interests with the company's performance and stock value. 3. Performance Stock Units (Plus): Plus are awards tied to specific performance goals or metrics established by Fresco, Inc. Employees receive a designated number of shares based on the achievement of these predetermined goals. Plus provide a strong incentive for employees to contribute to the company's overall success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the ability to benefit from the increase in the company's stock price. When exercised, employees receive the difference between the market value of the stock on the exercise date and the grant price. SARS offer employees the opportunity to participate in the company's growth without the need to purchase shares directly. 5. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company shares at a discounted price. This plan offers employees the chance to acquire company stock regularly, usually through payroll deductions, fostering a sense of ownership and alignment with shareholders. Fresco, Inc.'s Georgia Stock Option and Award Plan is thoughtfully designed to attract and retain highly skilled individuals by providing them with effective mechanisms to share in the company's success. By granting stock options, RSS, Plus, SARS, and offering an ESPN, the plan ensures that employees not only contribute to the company's growth but also benefit personally as the company prospers.

The Georgia Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide employees with opportunities for equity participation and reward exceptional performance. This plan aims to motivate and retain talented individuals by offering various stock options and awards that align their interests with the long-term success of the company. Keywords: Georgia Stock Option and Award Plan, Fresco, Inc., equity participation, exceptional performance, motivate, retain, stock options, awards, long-term success. There are different types of stock options and awards available under the Georgia Stock Option and Award Plan of Fresco, Inc. These include: 1. Stock Options: Fresco, Inc. may grant employees stock options, which allow them to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period, during which employees must remain employed to become eligible for exercising their options. 2. Restricted Stock Units (RSS): RSS are awards granted to employees that represent the right to receive company shares in the future. These units vest over a specific period, after which employees become eligible to receive the shares. RSS are designed to align employee interests with the company's performance and stock value. 3. Performance Stock Units (Plus): Plus are awards tied to specific performance goals or metrics established by Fresco, Inc. Employees receive a designated number of shares based on the achievement of these predetermined goals. Plus provide a strong incentive for employees to contribute to the company's overall success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the ability to benefit from the increase in the company's stock price. When exercised, employees receive the difference between the market value of the stock on the exercise date and the grant price. SARS offer employees the opportunity to participate in the company's growth without the need to purchase shares directly. 5. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees to purchase company shares at a discounted price. This plan offers employees the chance to acquire company stock regularly, usually through payroll deductions, fostering a sense of ownership and alignment with shareholders. Fresco, Inc.'s Georgia Stock Option and Award Plan is thoughtfully designed to attract and retain highly skilled individuals by providing them with effective mechanisms to share in the company's success. By granting stock options, RSS, Plus, SARS, and offering an ESPN, the plan ensures that employees not only contribute to the company's growth but also benefit personally as the company prospers.