Kentucky 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 Kentucky Stock Option Plan of Stewart Information Services Corp. is a unique compensation program designed specifically for Region Managers within the company. This plan offers region managers the opportunity to receive stock options as part of their overall compensation package, providing them with a potential financial incentive tied to the company's performance and growth. Through the Kentucky Stock Option Plan, region managers are given the right to purchase a certain number of shares of Stewart Information Services Corp. stock at a predetermined price, typically referred to as the exercise price. These stock options are typically granted to region managers based on their individual performance, contributions to the company's success, and overall tenure within the organization. One of the key advantages of the Kentucky Stock Option Plan is that it aligns the interests of the region managers with those of the company and its shareholders. By offering stock options as part of their compensation, region managers have the opportunity to benefit from any increase in the company's stock price over time. This not only rewards their individual efforts but also encourages a long-term commitment to the company's success. There may be different types of Kentucky Stock Option Plans available to Stewart Information Services Corp. region managers. These may include: 1. Standard Stock Option Plan: This type of plan grants region managers the right to purchase a specific number of shares at a predetermined price, typically over a specified period of time. Region managers can exercise their options once they have vested, allowing them to purchase shares at the exercise price. 2. Incentive Stock Option Plan: This plan is designed to provide additional tax benefits to region managers. If certain requirements are met, such as holding onto the shares for a specific period of time, region managers may receive favorable tax treatment on the gains realized from exercising their stock options. 3. Restricted Stock Unit (RSU) Plan: Some region managers may be granted RSS instead of traditional stock options. RSS represents a promise to deliver shares in the future once certain conditions are met, such as achieving specific performance goals or remaining with the company for a certain period of time. It's important for region managers to carefully review the terms and conditions of their specific Kentucky Stock Option Plan to fully understand its provisions, exercise periods, vesting schedules, and any potential tax implications. The plan's details may vary depending on individual circumstances and the company's policies. In summary, the Kentucky Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that provides eligible region managers with the opportunity to receive stock options. These options serve as a valuable incentive, aligning their interests with those of the company and its shareholders, and offering the potential for financial rewards based on the company's performance.

The Kentucky Stock Option Plan of Stewart Information Services Corp. is a unique compensation program designed specifically for Region Managers within the company. This plan offers region managers the opportunity to receive stock options as part of their overall compensation package, providing them with a potential financial incentive tied to the company's performance and growth. Through the Kentucky Stock Option Plan, region managers are given the right to purchase a certain number of shares of Stewart Information Services Corp. stock at a predetermined price, typically referred to as the exercise price. These stock options are typically granted to region managers based on their individual performance, contributions to the company's success, and overall tenure within the organization. One of the key advantages of the Kentucky Stock Option Plan is that it aligns the interests of the region managers with those of the company and its shareholders. By offering stock options as part of their compensation, region managers have the opportunity to benefit from any increase in the company's stock price over time. This not only rewards their individual efforts but also encourages a long-term commitment to the company's success. There may be different types of Kentucky Stock Option Plans available to Stewart Information Services Corp. region managers. These may include: 1. Standard Stock Option Plan: This type of plan grants region managers the right to purchase a specific number of shares at a predetermined price, typically over a specified period of time. Region managers can exercise their options once they have vested, allowing them to purchase shares at the exercise price. 2. Incentive Stock Option Plan: This plan is designed to provide additional tax benefits to region managers. If certain requirements are met, such as holding onto the shares for a specific period of time, region managers may receive favorable tax treatment on the gains realized from exercising their stock options. 3. Restricted Stock Unit (RSU) Plan: Some region managers may be granted RSS instead of traditional stock options. RSS represents a promise to deliver shares in the future once certain conditions are met, such as achieving specific performance goals or remaining with the company for a certain period of time. It's important for region managers to carefully review the terms and conditions of their specific Kentucky Stock Option Plan to fully understand its provisions, exercise periods, vesting schedules, and any potential tax implications. The plan's details may vary depending on individual circumstances and the company's policies. In summary, the Kentucky Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that provides eligible region managers with the opportunity to receive stock options. These options serve as a valuable incentive, aligning their interests with those of the company and its shareholders, and offering the potential for financial rewards based on the company's performance.