Kentucky 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 Kentucky Stock Option and Award Plan is a comprehensive program established by Fresco, Inc. to provide its employees with additional compensation and incentives. This plan aims to reward employees for their dedication, commitment, and contributions towards the company's success. By granting stock options and awards, Fresco motivates its workforce and aligns their interests with the long-term performance and growth of the organization. There are several types of stock options and awards available under the Kentucky Stock Option and Award Plan. These include: 1. Stock Options: Stock options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These options usually have a vesting period, during which employees must wait before exercising their options. Stock options are typically used to attract and retain top talent, as they offer a potential financial gain if the company's stock price increases. 2. Restricted Stock Units (RSS): RSS provide employees with the right to receive company shares after a specific vesting period. Unlike stock options, RSS are typically granted without an exercise price. Once the vesting period is complete, employees are awarded the shares directly. RSS are often used to encourage loyalty and long-term commitment, as employees must remain with the company throughout the vesting period to receive the shares. 3. Performance Shares: Performance shares are awarded based on predetermined performance goals or milestones set by the company. These goals could be related to financial performance, market share, or other key performance indicators. If the goals are achieved within a specified timeframe, employees are entitled to receive a predetermined number of company shares. 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the company's stock price over a specific period. When employees exercise their SARS, they are entitled to receive the difference between the stock price at the time of exercise and the grant price. SARS can be settled in cash, company shares, or a combination of both. Overall, the Kentucky Stock Option and Award Plan is designed to recognize and reward the efforts and achievements of Fresco's employees. By providing various types of stock options and awards, the company aims to enhance employee engagement, attract top talent, and foster a sense of ownership among its workforce.

The Kentucky Stock Option and Award Plan is a comprehensive program established by Fresco, Inc. to provide its employees with additional compensation and incentives. This plan aims to reward employees for their dedication, commitment, and contributions towards the company's success. By granting stock options and awards, Fresco motivates its workforce and aligns their interests with the long-term performance and growth of the organization. There are several types of stock options and awards available under the Kentucky Stock Option and Award Plan. These include: 1. Stock Options: Stock options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. These options usually have a vesting period, during which employees must wait before exercising their options. Stock options are typically used to attract and retain top talent, as they offer a potential financial gain if the company's stock price increases. 2. Restricted Stock Units (RSS): RSS provide employees with the right to receive company shares after a specific vesting period. Unlike stock options, RSS are typically granted without an exercise price. Once the vesting period is complete, employees are awarded the shares directly. RSS are often used to encourage loyalty and long-term commitment, as employees must remain with the company throughout the vesting period to receive the shares. 3. Performance Shares: Performance shares are awarded based on predetermined performance goals or milestones set by the company. These goals could be related to financial performance, market share, or other key performance indicators. If the goals are achieved within a specified timeframe, employees are entitled to receive a predetermined number of company shares. 4. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the company's stock price over a specific period. When employees exercise their SARS, they are entitled to receive the difference between the stock price at the time of exercise and the grant price. SARS can be settled in cash, company shares, or a combination of both. Overall, the Kentucky Stock Option and Award Plan is designed to recognize and reward the efforts and achievements of Fresco's employees. By providing various types of stock options and awards, the company aims to enhance employee engagement, attract top talent, and foster a sense of ownership among its workforce.