Illinois 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 Illinois Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to attract, reward, and retain talented employees within the company. This plan offers various types of stock options and awards to eligible participants, allowing them to share in the company's financial success and align their interests with the overall company goals. Under this plan, employees are given the opportunity to purchase or receive shares of Fresco, Inc. stock at a predetermined price, typically referred to as the exercise price. These stock options can be either non-qualified or incentive stock options, providing employees with flexibility in terms of tax treatment and exercise periods. Non-qualified stock options are generally offered to a broader group of employees and have more flexible exercise requirements. They can be exercised at any time during a specified period, usually up to ten years from the grant date. In contrast, incentive stock options are typically granted to key employees and have specific criteria to meet tax advantages. These options must be exercised within a certain time frame, typically within 90 days of terminating employment. Additionally, the Illinois Stock Option and Award Plan of Fresco, Inc. can include other types of awards such as restricted stock units (RSS), performance shares, and stock appreciation rights (SARS). RSS grant employees the right to receive a specified number of shares at a future date, subject to certain vesting conditions. Performance shares are awarded based on predetermined performance goals, incentivizing employees to achieve specific milestones. SARS, on the other hand, provide employees with the right to receive the appreciation in the stock value over a specified period. The Illinois Stock Option and Award Plan of Fresco, Inc. is governed by state-specific regulations and applicable federal laws, ensuring compliance and fairness in the administration of equity compensation. Participants in this plan can leverage these options and awards to build personal wealth, participate in the company's growth, and feel a sense of ownership in Fresco, Inc. Keywords: Illinois Stock Option and Award Plan, Fresco, Inc., stock options, compensation program, equity compensation, incentive stock options, non-qualified stock options, exercise price, tax treatment, exercise periods, restricted stock units, RSS, performance shares, stock appreciation rights, SARS, vesting conditions, state-specific regulations, federal laws, ownership.

The Illinois Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to attract, reward, and retain talented employees within the company. This plan offers various types of stock options and awards to eligible participants, allowing them to share in the company's financial success and align their interests with the overall company goals. Under this plan, employees are given the opportunity to purchase or receive shares of Fresco, Inc. stock at a predetermined price, typically referred to as the exercise price. These stock options can be either non-qualified or incentive stock options, providing employees with flexibility in terms of tax treatment and exercise periods. Non-qualified stock options are generally offered to a broader group of employees and have more flexible exercise requirements. They can be exercised at any time during a specified period, usually up to ten years from the grant date. In contrast, incentive stock options are typically granted to key employees and have specific criteria to meet tax advantages. These options must be exercised within a certain time frame, typically within 90 days of terminating employment. Additionally, the Illinois Stock Option and Award Plan of Fresco, Inc. can include other types of awards such as restricted stock units (RSS), performance shares, and stock appreciation rights (SARS). RSS grant employees the right to receive a specified number of shares at a future date, subject to certain vesting conditions. Performance shares are awarded based on predetermined performance goals, incentivizing employees to achieve specific milestones. SARS, on the other hand, provide employees with the right to receive the appreciation in the stock value over a specified period. The Illinois Stock Option and Award Plan of Fresco, Inc. is governed by state-specific regulations and applicable federal laws, ensuring compliance and fairness in the administration of equity compensation. Participants in this plan can leverage these options and awards to build personal wealth, participate in the company's growth, and feel a sense of ownership in Fresco, Inc. Keywords: Illinois Stock Option and Award Plan, Fresco, Inc., stock options, compensation program, equity compensation, incentive stock options, non-qualified stock options, exercise price, tax treatment, exercise periods, restricted stock units, RSS, performance shares, stock appreciation rights, SARS, vesting conditions, state-specific regulations, federal laws, ownership.