Maine 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 Maine Stock Option and Award Plan is a comprehensive program implemented by Fresco, Inc. to provide its employees with lucrative incentives and reward their contributions towards the organization's growth. This plan offers various types of stock options and awards, each designed to meet the diverse needs and goals of its employees. One significant type of stock option under the Maine Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This option grants employees the opportunity to purchase a specific number of company shares at a predetermined price within a specified time frame. Nests help employees acquire ownership in Fresco, Inc., enabling them to benefit from any potential appreciation in the company's stock value. Another type offered is the Incentive Stock Option (ISO). SOS are designed to provide more tax advantages compared to Nests. They allow employees to purchase company shares at a predetermined price, known as the exercise price, without incurring immediate tax liabilities. To qualify for SOS, employees must meet certain criteria defined by the Internal Revenue Service (IRS). In addition to stock options, Fresco, Inc. also offers various types of stock awards. One noteworthy type is Restricted Stock Units (RSS). RSS grant employees the right to receive shares of Fresco, Inc.'s stock after a specific vesting period. Unlike stock options, RSS do not require employees to purchase shares themselves. Instead, they are given shares as a form of compensation. Furthermore, Fresco, Inc. provides Performance-Based Stock Awards (PBS As) as part of their Maine Stock Option and Award Plan. PBS As are granted to employees based on the achievement of specific performance goals or targets set by the company. If these goals are met or surpassed, employees receive stock awards as a reward. The Maine Stock Option and Award Plan of Fresco, Inc. aims to foster employee loyalty, incentivize performance, and align the interests of employees with those of the organization. The plan offers a diverse range of stock options and awards, allowing employees to participate in the company's success, accumulate wealth, and share in its growth. By providing attractive incentives, Fresco, Inc. ensures a motivated workforce that contributes to the company's long-term success.

The Maine Stock Option and Award Plan is a comprehensive program implemented by Fresco, Inc. to provide its employees with lucrative incentives and reward their contributions towards the organization's growth. This plan offers various types of stock options and awards, each designed to meet the diverse needs and goals of its employees. One significant type of stock option under the Maine Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This option grants employees the opportunity to purchase a specific number of company shares at a predetermined price within a specified time frame. Nests help employees acquire ownership in Fresco, Inc., enabling them to benefit from any potential appreciation in the company's stock value. Another type offered is the Incentive Stock Option (ISO). SOS are designed to provide more tax advantages compared to Nests. They allow employees to purchase company shares at a predetermined price, known as the exercise price, without incurring immediate tax liabilities. To qualify for SOS, employees must meet certain criteria defined by the Internal Revenue Service (IRS). In addition to stock options, Fresco, Inc. also offers various types of stock awards. One noteworthy type is Restricted Stock Units (RSS). RSS grant employees the right to receive shares of Fresco, Inc.'s stock after a specific vesting period. Unlike stock options, RSS do not require employees to purchase shares themselves. Instead, they are given shares as a form of compensation. Furthermore, Fresco, Inc. provides Performance-Based Stock Awards (PBS As) as part of their Maine Stock Option and Award Plan. PBS As are granted to employees based on the achievement of specific performance goals or targets set by the company. If these goals are met or surpassed, employees receive stock awards as a reward. The Maine Stock Option and Award Plan of Fresco, Inc. aims to foster employee loyalty, incentivize performance, and align the interests of employees with those of the organization. The plan offers a diverse range of stock options and awards, allowing employees to participate in the company's success, accumulate wealth, and share in its growth. By providing attractive incentives, Fresco, Inc. ensures a motivated workforce that contributes to the company's long-term success.