Kansas 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 Kansas Stock Option Plan of Stewart Information Services Corp. is a compensation program specifically designed for Region Managers within the company. This plan offers region managers in Kansas the opportunity to receive stock options as part of their overall compensation package. Under the Kansas Stock Option Plan, region managers are granted the right to purchase a specific number of shares of Stewart Information Services Corp. stock at a predetermined price within a specified period. These stock options serve as an incentive to encourage exceptional performance, long-term commitment, and loyalty among region managers. By awarding stock options, Stewart Information Services Corp. aims to align the interests of region managers with those of the company's shareholders. Through the potential capital appreciation of these stock options, region managers can directly benefit from the company's success and value creation. There may be various types of Kansas Stock Option Plans offered by Stewart Information Services Corp. for Region Managers, each with its own specific terms and conditions. Some possible variations of these plans may include: 1. Performance-based stock options: These stock options are granted to region managers based on predefined performance targets or metrics. Achievement of these goals may be linked to specific financial, operational, or strategic objectives. 2. Vesting schedules: The stock options granted to region managers may have different vesting schedules, specifying the timeframe over which the options gradually become exercisable. This encourages managers to stay with the company for a certain period to fully reap the benefits. 3. Stock option exercise prices: The exercise price or strike price represents the predetermined price at which region managers can purchase the stock options. This price is typically set at a discount to the market price at the time of grant, making it more enticing for managers to exercise the options. 4. Option expiration: Stock options under the Kansas Stock Option Plan may have an expiration date, beyond which the options can no longer be exercised. This encourages managers to take timely action and make use of their options before they expire. Overall, the Kansas Stock Option Plan of Stewart Information Services Corp. serves as a valuable component of the company's compensation strategy for region managers. It provides a means for region managers to participate in the company's future performance and success, while also promoting retention and performance excellence.

The Kansas Stock Option Plan of Stewart Information Services Corp. is a compensation program specifically designed for Region Managers within the company. This plan offers region managers in Kansas the opportunity to receive stock options as part of their overall compensation package. Under the Kansas Stock Option Plan, region managers are granted the right to purchase a specific number of shares of Stewart Information Services Corp. stock at a predetermined price within a specified period. These stock options serve as an incentive to encourage exceptional performance, long-term commitment, and loyalty among region managers. By awarding stock options, Stewart Information Services Corp. aims to align the interests of region managers with those of the company's shareholders. Through the potential capital appreciation of these stock options, region managers can directly benefit from the company's success and value creation. There may be various types of Kansas Stock Option Plans offered by Stewart Information Services Corp. for Region Managers, each with its own specific terms and conditions. Some possible variations of these plans may include: 1. Performance-based stock options: These stock options are granted to region managers based on predefined performance targets or metrics. Achievement of these goals may be linked to specific financial, operational, or strategic objectives. 2. Vesting schedules: The stock options granted to region managers may have different vesting schedules, specifying the timeframe over which the options gradually become exercisable. This encourages managers to stay with the company for a certain period to fully reap the benefits. 3. Stock option exercise prices: The exercise price or strike price represents the predetermined price at which region managers can purchase the stock options. This price is typically set at a discount to the market price at the time of grant, making it more enticing for managers to exercise the options. 4. Option expiration: Stock options under the Kansas Stock Option Plan may have an expiration date, beyond which the options can no longer be exercised. This encourages managers to take timely action and make use of their options before they expire. Overall, the Kansas Stock Option Plan of Stewart Information Services Corp. serves as a valuable component of the company's compensation strategy for region managers. It provides a means for region managers to participate in the company's future performance and success, while also promoting retention and performance excellence.