Louisiana 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 Louisiana Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide employees with various benefits and incentives. This plan is specifically tailored to employees based in the state of Louisiana, adhering to the relevant legal and regulatory requirements. Under this plan, employees of Fresco, Inc. can be granted different types of stock options and awards, aligning their interests with the company's long-term growth and financial success. These options and awards serve as powerful motivation tools, encouraging employee loyalty, hard work, and dedication. The different types of stock options that can be awarded to employees include: 1. Non-Qualified Stock Options: These options grant employees the right to purchase company stocks at a predetermined price within a specified period. They do not qualify for preferential tax treatment and are subject to income tax upon exercise. 2. Incentive Stock Options: This type of stock option provides employees with favorable tax treatment. If certain conditions are met, employees can exercise these options and receive capital gains tax treatment on the difference between the grant price and the stock's fair market value at exercise. The Louisiana Stock Option and Award Plan also offers various types of awards to employees, which are not necessarily linked to stock options. Some common types of awards might include: 1. Restricted Stock Units (RSS): RSS grant employees the right to receive a specified number of company shares after a certain vesting period. Once vested, employees can sell or hold these shares, allowing them to directly benefit from any increase in the company's stock price. 2. Performance Shares: These awards are tied to predefined performance goals, such as meeting specific financial targets or achieving corporate objectives. Upon meeting these goals, employees are granted a set number of shares, usually increasing with superior performance. 3. Stock Appreciation Rights (SARS): SARS entitle employees to receive the appreciation in the company's stock value over a specified period. Employees can choose to exercise their SARS and receive the difference between the stock's value at exercise and the grant price in cash or company shares. Fresco, Inc. understands the importance of recognizing employee contributions and creating a culture of ownership and loyalty. Their Louisiana Stock Option and Award Plan is a testament to their commitment to rewarding and retaining exceptional talent within their workforce.

The Louisiana Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide employees with various benefits and incentives. This plan is specifically tailored to employees based in the state of Louisiana, adhering to the relevant legal and regulatory requirements. Under this plan, employees of Fresco, Inc. can be granted different types of stock options and awards, aligning their interests with the company's long-term growth and financial success. These options and awards serve as powerful motivation tools, encouraging employee loyalty, hard work, and dedication. The different types of stock options that can be awarded to employees include: 1. Non-Qualified Stock Options: These options grant employees the right to purchase company stocks at a predetermined price within a specified period. They do not qualify for preferential tax treatment and are subject to income tax upon exercise. 2. Incentive Stock Options: This type of stock option provides employees with favorable tax treatment. If certain conditions are met, employees can exercise these options and receive capital gains tax treatment on the difference between the grant price and the stock's fair market value at exercise. The Louisiana Stock Option and Award Plan also offers various types of awards to employees, which are not necessarily linked to stock options. Some common types of awards might include: 1. Restricted Stock Units (RSS): RSS grant employees the right to receive a specified number of company shares after a certain vesting period. Once vested, employees can sell or hold these shares, allowing them to directly benefit from any increase in the company's stock price. 2. Performance Shares: These awards are tied to predefined performance goals, such as meeting specific financial targets or achieving corporate objectives. Upon meeting these goals, employees are granted a set number of shares, usually increasing with superior performance. 3. Stock Appreciation Rights (SARS): SARS entitle employees to receive the appreciation in the company's stock value over a specified period. Employees can choose to exercise their SARS and receive the difference between the stock's value at exercise and the grant price in cash or company shares. Fresco, Inc. understands the importance of recognizing employee contributions and creating a culture of ownership and loyalty. Their Louisiana Stock Option and Award Plan is a testament to their commitment to rewarding and retaining exceptional talent within their workforce.