Maryland 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 Maryland Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of Fresco, Inc., a Maryland-based company. This plan grants employees the opportunity to acquire shares of the company's stock, providing them with a vested interest in the company's success and aligning their goals with those of the organization. Under this plan, employees are eligible to receive stock options and various types of awards. The stock options allow employees to purchase shares of Fresco, Inc.'s stock at a predetermined price, known as the exercise price, within a specific timeframe. By offering stock options, the company aims to motivate employees to contribute to the long-term growth and profitability of the organization. In addition to stock options, the Maryland Stock Option and Award Plan includes different types of awards such as restricted stock units (RSS) and performance-based stock units (Plus). RSS are grants of company stock that vest over a specific period, while Plus are awarded based on predetermined performance targets, such as achieving certain financial goals or exceeding industry benchmarks. These stock options and awards are subject to certain terms and conditions outlined in the plan's guidelines. The plan may specify requirements regarding the vesting period, performance criteria, exercise periods, and other relevant factors. The goal of these provisions is to retain and reward high-performing employees and foster a sense of shared ownership and commitment. The Maryland Stock Option and Award Plan of Fresco, Inc. plays a crucial role in attracting and retaining talented individuals within the organization. By offering stock options and various awards, Fresco, Inc. aims to create a motivating work environment while aligning employee interests with those of the company. This compensation structure encourages employees to contribute to the long-term success and growth of the organization. In summary, the Maryland Stock Option and Award Plan of Fresco, Inc. is a robust compensation program that provides employees with opportunities to acquire company stock through stock options, RSS, and Plus. This plan serves as a valuable tool to attract, motivate, and retain talented individuals, while driving the organization's overall performance.

The Maryland Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of Fresco, Inc., a Maryland-based company. This plan grants employees the opportunity to acquire shares of the company's stock, providing them with a vested interest in the company's success and aligning their goals with those of the organization. Under this plan, employees are eligible to receive stock options and various types of awards. The stock options allow employees to purchase shares of Fresco, Inc.'s stock at a predetermined price, known as the exercise price, within a specific timeframe. By offering stock options, the company aims to motivate employees to contribute to the long-term growth and profitability of the organization. In addition to stock options, the Maryland Stock Option and Award Plan includes different types of awards such as restricted stock units (RSS) and performance-based stock units (Plus). RSS are grants of company stock that vest over a specific period, while Plus are awarded based on predetermined performance targets, such as achieving certain financial goals or exceeding industry benchmarks. These stock options and awards are subject to certain terms and conditions outlined in the plan's guidelines. The plan may specify requirements regarding the vesting period, performance criteria, exercise periods, and other relevant factors. The goal of these provisions is to retain and reward high-performing employees and foster a sense of shared ownership and commitment. The Maryland Stock Option and Award Plan of Fresco, Inc. plays a crucial role in attracting and retaining talented individuals within the organization. By offering stock options and various awards, Fresco, Inc. aims to create a motivating work environment while aligning employee interests with those of the company. This compensation structure encourages employees to contribute to the long-term success and growth of the organization. In summary, the Maryland Stock Option and Award Plan of Fresco, Inc. is a robust compensation program that provides employees with opportunities to acquire company stock through stock options, RSS, and Plus. This plan serves as a valuable tool to attract, motivate, and retain talented individuals, while driving the organization's overall performance.