Massachusetts 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 Massachusetts Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their contributions towards the company's growth and success. This plan offers various types of stock options and awards to eligible participants. Under this plan, Fresco, Inc. provides employees with stock options, which grant them the right to purchase company shares at a predetermined price, known as the exercise price. Stock options are a valuable tool to motivate employees, align their interests with the company's overall performance, and encourage long-term commitment and loyalty. These options typically come with a vesting schedule, ensuring that employees remain with the company for a certain period before realizing the full benefits. Additionally, the Massachusetts Stock Option and Award Plan of Fresco, Inc. may include stock appreciation rights (SARS). SARS is similar to stock options but differ in that employees receive the appreciation or increase in stock value over a specified period, rather than acquiring the actual shares. This type of award gives employees the opportunity to gain benefits from the rise in the company's stock price without actually purchasing the shares. Another type of award offered under this plan is restricted stock units (RSS). RSS grant employees the right to receive company shares after a specific vesting period. Unlike stock options, RSS do not require employees to purchase the shares, as they are given directly as a form of compensation. RSS provide employees with ownership in the company and often have specific conditions or vesting schedules tied to their release. Moreover, Massachusetts Stock Option and Award Plan may involve performance-based stock options or awards, where the eligibility and the amount of shares granted depend on the achievement of predetermined performance goals. This type of plan encourages employees to strive for exceptional results and rewards them accordingly. The primary aim of the Massachusetts Stock Option and Award Plan of Fresco, Inc. is to attract talent, motivate employees, align their interests with the company's goals, and retain valuable team members. By offering various types of stock options and awards, Fresco, Inc. creates a comprehensive and flexible program that caters to the diverse needs and preferences of its workforce.

The Massachusetts Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their contributions towards the company's growth and success. This plan offers various types of stock options and awards to eligible participants. Under this plan, Fresco, Inc. provides employees with stock options, which grant them the right to purchase company shares at a predetermined price, known as the exercise price. Stock options are a valuable tool to motivate employees, align their interests with the company's overall performance, and encourage long-term commitment and loyalty. These options typically come with a vesting schedule, ensuring that employees remain with the company for a certain period before realizing the full benefits. Additionally, the Massachusetts Stock Option and Award Plan of Fresco, Inc. may include stock appreciation rights (SARS). SARS is similar to stock options but differ in that employees receive the appreciation or increase in stock value over a specified period, rather than acquiring the actual shares. This type of award gives employees the opportunity to gain benefits from the rise in the company's stock price without actually purchasing the shares. Another type of award offered under this plan is restricted stock units (RSS). RSS grant employees the right to receive company shares after a specific vesting period. Unlike stock options, RSS do not require employees to purchase the shares, as they are given directly as a form of compensation. RSS provide employees with ownership in the company and often have specific conditions or vesting schedules tied to their release. Moreover, Massachusetts Stock Option and Award Plan may involve performance-based stock options or awards, where the eligibility and the amount of shares granted depend on the achievement of predetermined performance goals. This type of plan encourages employees to strive for exceptional results and rewards them accordingly. The primary aim of the Massachusetts Stock Option and Award Plan of Fresco, Inc. is to attract talent, motivate employees, align their interests with the company's goals, and retain valuable team members. By offering various types of stock options and awards, Fresco, Inc. creates a comprehensive and flexible program that caters to the diverse needs and preferences of its workforce.