Kansas 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 Kansas Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee benefit program designed to provide incentives and rewards through stock options and awards. With a focus on promoting employee loyalty and motivation, the plan offers various types of stock options and awards to eligible employees. The Kansas Stock Option and Award Plan of Fresco, Inc. include different types of options, such as non-qualified stock options (Nests), incentive stock options (SOS), and stock appreciation rights (SARS). These options allow employees the opportunity to purchase company stock at a predetermined price within a specific period. Additionally, the program offers stock awards, also known as restricted stock units (RSS), which grant eligible employees a specified number of company shares. RSS typically have a vesting schedule, where the employee must fulfill certain conditions, such as remaining with the company for a predetermined period, to receive the shares. Another type of award available under the plan is performance share units (Plus). These awards are based on predetermined performance goals established by the company and provide employees with the opportunity to earn additional company stock if the goals are achieved. To ensure fair and equitable distribution, the Kansas Stock Option and Award Plan of Fresco, Inc. incorporates guidelines on eligibility criteria, such as length of service, position, or performance. The plan also includes provisions for adjustments in case of stock splits, mergers, or acquisitions to maintain the integrity of the program. Participation in the plan is voluntary, allowing eligible employees to choose whether to participate and receive stock options or awards. This flexible approach helps align the interests of employees with the success of Fresco, Inc. and fosters a sense of ownership and commitment among participants. Overall, the Kansas Stock Option and Award Plan of Fresco, Inc. serves as a powerful tool to attract, retain, and reward talented individuals by providing them with the opportunity to gain a financial stake in the company's performance. It encourages employees to contribute to the long-term growth and success of Fresco, Inc. while providing them with potential financial benefits in return. Keywords: Kansas Stock Option and Award Plan, Fresco, Inc., employee benefits, stock options, stock awards, restricted stock units, RSS, stock appreciation rights, SARS, incentive stock options, non-qualified stock options, performance share units, employee loyalty, employee motivation, eligibility criteria.

The Kansas Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee benefit program designed to provide incentives and rewards through stock options and awards. With a focus on promoting employee loyalty and motivation, the plan offers various types of stock options and awards to eligible employees. The Kansas Stock Option and Award Plan of Fresco, Inc. include different types of options, such as non-qualified stock options (Nests), incentive stock options (SOS), and stock appreciation rights (SARS). These options allow employees the opportunity to purchase company stock at a predetermined price within a specific period. Additionally, the program offers stock awards, also known as restricted stock units (RSS), which grant eligible employees a specified number of company shares. RSS typically have a vesting schedule, where the employee must fulfill certain conditions, such as remaining with the company for a predetermined period, to receive the shares. Another type of award available under the plan is performance share units (Plus). These awards are based on predetermined performance goals established by the company and provide employees with the opportunity to earn additional company stock if the goals are achieved. To ensure fair and equitable distribution, the Kansas Stock Option and Award Plan of Fresco, Inc. incorporates guidelines on eligibility criteria, such as length of service, position, or performance. The plan also includes provisions for adjustments in case of stock splits, mergers, or acquisitions to maintain the integrity of the program. Participation in the plan is voluntary, allowing eligible employees to choose whether to participate and receive stock options or awards. This flexible approach helps align the interests of employees with the success of Fresco, Inc. and fosters a sense of ownership and commitment among participants. Overall, the Kansas Stock Option and Award Plan of Fresco, Inc. serves as a powerful tool to attract, retain, and reward talented individuals by providing them with the opportunity to gain a financial stake in the company's performance. It encourages employees to contribute to the long-term growth and success of Fresco, Inc. while providing them with potential financial benefits in return. Keywords: Kansas Stock Option and Award Plan, Fresco, Inc., employee benefits, stock options, stock awards, restricted stock units, RSS, stock appreciation rights, SARS, incentive stock options, non-qualified stock options, performance share units, employee loyalty, employee motivation, eligibility criteria.