Michigan 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 Michigan Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to attract, motivate, and retain top talent within the company. This plan offers employees the opportunity to acquire company stock options or awards, serving as an additional compensation tool to reward outstanding performance and encourage long-term commitment. Fresco, Inc. provides various types of stock options and awards under its Michigan Stock Option and Award Plan, catering to the diverse needs and objectives of its employees. Some key types of options and awards offered by Fresco, Inc. include: 1. Stock options: These options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. The goal is to enable employees to benefit from any appreciation in the company's stock value over time. 2. Restricted Stock Units (RSS): RSS represent awards granted to employees, which entitle them to receive the company's stock at a future date, usually subject to certain vesting conditions. Once these conditions are met, the employee gains the ownership rights of the awarded stock units. 3. Performance Shares: Performance shares are awards tied to specific performance targets set by the company. These targets can be related to financial goals, such as revenue or earnings per share, or non-financial metrics like customer satisfaction or sustainability. The number of earned shares depends on the achieved performance level, aligning employee rewards with the company's success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or an equivalent stock value based on the appreciation in the company's stock price from the grant date to the exercise date. Employees do not purchase shares but instead receive the monetary value of the increase. The Michigan Stock Option and Award Plan of Fresco, Inc. is designed to foster a culture of ownership within the organization, aligning employees' incentives with the long-term goals and overall success of the company. By offering various types of stock options and awards, Fresco, Inc. can accommodate employees at different stages in their careers, providing them with attractive incentives to drive performance, loyalty, and commitment.

The Michigan Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to attract, motivate, and retain top talent within the company. This plan offers employees the opportunity to acquire company stock options or awards, serving as an additional compensation tool to reward outstanding performance and encourage long-term commitment. Fresco, Inc. provides various types of stock options and awards under its Michigan Stock Option and Award Plan, catering to the diverse needs and objectives of its employees. Some key types of options and awards offered by Fresco, Inc. include: 1. Stock options: These options grant employees the right to purchase a specific number of company shares at a predetermined price, known as the exercise price. The goal is to enable employees to benefit from any appreciation in the company's stock value over time. 2. Restricted Stock Units (RSS): RSS represent awards granted to employees, which entitle them to receive the company's stock at a future date, usually subject to certain vesting conditions. Once these conditions are met, the employee gains the ownership rights of the awarded stock units. 3. Performance Shares: Performance shares are awards tied to specific performance targets set by the company. These targets can be related to financial goals, such as revenue or earnings per share, or non-financial metrics like customer satisfaction or sustainability. The number of earned shares depends on the achieved performance level, aligning employee rewards with the company's success. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or an equivalent stock value based on the appreciation in the company's stock price from the grant date to the exercise date. Employees do not purchase shares but instead receive the monetary value of the increase. The Michigan Stock Option and Award Plan of Fresco, Inc. is designed to foster a culture of ownership within the organization, aligning employees' incentives with the long-term goals and overall success of the company. By offering various types of stock options and awards, Fresco, Inc. can accommodate employees at different stages in their careers, providing them with attractive incentives to drive performance, loyalty, and commitment.