The Kansas Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide incentives and rewards to employees based on their performance and contributions to the company's growth. This plan offers eligible employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. One type of stock option available under this plan is the Non-Qualified Stock Option (NO). Nests give employees the right to purchase shares of Fresco, Inc. stock at a predetermined price, which is typically lower than the current market value. These options usually have a vesting period, during which employees must fulfill certain conditions to exercise their option. Another type of stock option offered is the Incentive Stock Option (ISO). SOS are usually granted to key employees and provide them with favorable tax treatment. To qualify for SOS, employees must meet certain requirements set by the Internal Revenue Service (IRS). SOS have specific holding periods and may only be exercised within a certain time frame. Additionally, the Proposed Stock Option and Award Plan includes the Employee Stock Purchase Plan (ESPN). The ESPN is a voluntary program allowing employees to purchase Fresco, Inc. stock through payroll deductions. Unlike stock options, the ESPN enables employees to own company stock by contributing a percentage of their salary for a specific period, typically at a discounted price. The proposed plan also incorporates Restricted Stock Units (RSS) and Performance Stock Units (Plus). RSS are grants of company stock, subject to vesting conditions, which may include a specified time period or performance goals. Once vested, employees receive the full value of the RSS in stock. Plus work similarly but are tied specifically to the company's performance. The number of Plus earned depends on the achievement of predetermined performance targets. Fresco, Inc.'s Kansas Proposed Stock Option and Award Plan aims to align employee interests with company growth, incentivizing productivity and dedication. By providing a range of stock options and awards, employees are given a stake in the company's success and are motivated to contribute to its long-term prosperity.
The Kansas Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide incentives and rewards to employees based on their performance and contributions to the company's growth. This plan offers eligible employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified period. One type of stock option available under this plan is the Non-Qualified Stock Option (NO). Nests give employees the right to purchase shares of Fresco, Inc. stock at a predetermined price, which is typically lower than the current market value. These options usually have a vesting period, during which employees must fulfill certain conditions to exercise their option. Another type of stock option offered is the Incentive Stock Option (ISO). SOS are usually granted to key employees and provide them with favorable tax treatment. To qualify for SOS, employees must meet certain requirements set by the Internal Revenue Service (IRS). SOS have specific holding periods and may only be exercised within a certain time frame. Additionally, the Proposed Stock Option and Award Plan includes the Employee Stock Purchase Plan (ESPN). The ESPN is a voluntary program allowing employees to purchase Fresco, Inc. stock through payroll deductions. Unlike stock options, the ESPN enables employees to own company stock by contributing a percentage of their salary for a specific period, typically at a discounted price. The proposed plan also incorporates Restricted Stock Units (RSS) and Performance Stock Units (Plus). RSS are grants of company stock, subject to vesting conditions, which may include a specified time period or performance goals. Once vested, employees receive the full value of the RSS in stock. Plus work similarly but are tied specifically to the company's performance. The number of Plus earned depends on the achievement of predetermined performance targets. Fresco, Inc.'s Kansas Proposed Stock Option and Award Plan aims to align employee interests with company growth, incentivizing productivity and dedication. By providing a range of stock options and awards, employees are given a stake in the company's success and are motivated to contribute to its long-term prosperity.
