Minnesota 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 Minnesota Stock Option and Award Plan of Fresco, Inc., is a comprehensive compensation program implemented by the company to reward its employees and provide them with a stake in the company's success. This plan offers various types of stock options and awards to eligible employees, giving them the opportunity to own company stock and benefit from its appreciation over time. One type of stock option available under the Minnesota Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests grant employees the right to purchase a specific number of company shares at a predetermined exercise price within a certain timeframe. These options can be issued at a discount or at the market price on the grant date, depending on the plan's terms. Another type of stock option offered is the Incentive Stock Option (ISO). SOS provide employees with the opportunity to purchase company stock at a discounted price on the grant date, usually subject to specific vesting conditions. The advantage of SOS is that any potential gains from the sale of these shares may qualify for favorable tax treatment under certain conditions. Fresco, Inc., also includes Restricted Stock Units (RSS) as part of their stock option and award plan in Minnesota. RSS represents a promise to deliver company shares to an employee at a predetermined future date. These units typically vest over a specific period, during which employees do not possess the voting rights or dividend benefits of the underlying shares. Once the RSS vest, they convert into actual company stock. Stock appreciation rights (SARS) are another type of award granted by Fresco, Inc., in Minnesota. SARS is a form of cash or stock bonus program that provides employees with the equivalent value of the increase in the company's stock price over a specified period. These awards allow employees to benefit financially from the appreciation of company stock without having to purchase the shares upfront. The Minnesota Stock Option and Award Plan of Fresco, Inc., is designed to attract and retain talented employees by aligning their interests with the company's long-term success. It encourages participants to contribute to the company's growth, enhances motivation and loyalty, and creates a sense of ownership among employees. The allocation of stock options and awards is determined by various factors, such as an employee's position, performance, and the overall corporate objectives of Fresco, Inc.

The Minnesota Stock Option and Award Plan of Fresco, Inc., is a comprehensive compensation program implemented by the company to reward its employees and provide them with a stake in the company's success. This plan offers various types of stock options and awards to eligible employees, giving them the opportunity to own company stock and benefit from its appreciation over time. One type of stock option available under the Minnesota Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests grant employees the right to purchase a specific number of company shares at a predetermined exercise price within a certain timeframe. These options can be issued at a discount or at the market price on the grant date, depending on the plan's terms. Another type of stock option offered is the Incentive Stock Option (ISO). SOS provide employees with the opportunity to purchase company stock at a discounted price on the grant date, usually subject to specific vesting conditions. The advantage of SOS is that any potential gains from the sale of these shares may qualify for favorable tax treatment under certain conditions. Fresco, Inc., also includes Restricted Stock Units (RSS) as part of their stock option and award plan in Minnesota. RSS represents a promise to deliver company shares to an employee at a predetermined future date. These units typically vest over a specific period, during which employees do not possess the voting rights or dividend benefits of the underlying shares. Once the RSS vest, they convert into actual company stock. Stock appreciation rights (SARS) are another type of award granted by Fresco, Inc., in Minnesota. SARS is a form of cash or stock bonus program that provides employees with the equivalent value of the increase in the company's stock price over a specified period. These awards allow employees to benefit financially from the appreciation of company stock without having to purchase the shares upfront. The Minnesota Stock Option and Award Plan of Fresco, Inc., is designed to attract and retain talented employees by aligning their interests with the company's long-term success. It encourages participants to contribute to the company's growth, enhances motivation and loyalty, and creates a sense of ownership among employees. The allocation of stock options and awards is determined by various factors, such as an employee's position, performance, and the overall corporate objectives of Fresco, Inc.