Montana Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-365B
• Format: Word; Rich Text

Description

18-365B 18-365B . . . Stock Option Plan for Region Managers under which Compensation Committee may grant Incentive and Non-qualified Stock Options to full-time key employees who are employed at time of grant as Region Managers or equivalent position. In determining number of shares subject to an option granted in any given year to a particular Region Manager, Committee shall consider whether (a) pretax profits in Region Manager's territory have increased over prior year, (b) cash received by corporation from Region Manager's territory has increased over prior year, (c) percentage of claim dollars to revenues in Region Manager's territory has decreased over prior year, (d) delinquencies have decreased or maintained at zero level from prior year, (e) market share has increased in Region Manager's territory over prior year, (f) Region Manager has made efforts to expand territory through expansion of markets and/or sale of new products, (g) Region Manager's territory complies with corporation policy relating to agency visits, audits, automation, training, and benefit participation, and (h) Region Manager incorporates corporation's goals and strategies into goals for his territory

Stewart Information Services Corp., a leading provider of real estate services, offers an attractive compensation plan known as the Montana Stock Option Plan for its Region Managers. This unique plan is designed to reward and incentivize these key professionals by granting them stock options in the company. Such options allow Region Managers to purchase a specific number of shares of Stewart Information Services Corp. stock at a predetermined price within a defined period. The Montana Stock Option Plan of Stewart Information Services Corp. for Region Managers includes diverse features tailored to meet the specific needs and motivations of these high-level executives. The plan comprises various types of stock options, each with its own set of conditions and benefits. Let's explore some important types within the Montana Stock Option Plan: 1. Standard Stock Options: This is the primary type of option offered under the Montana Stock Option Plan. Region Managers are granted the right to purchase a specific number of company shares at a predetermined exercise price, typically set at the current market value at the time of grant. These options usually have a vesting period, during which the Region Manager must remain employed with the company to become eligible to exercise the options. 2. Incentive Stock Options: Stewart Information Services Corp. may also provide Region Managers with incentive stock options. These options have additional tax advantages, as they are subject to a more favorable tax treatment upon exercise and sale, provided certain conditions are met. Incentive stock options typically have longer vesting periods and are issued to reward exceptional performance and retention of valuable talent. 3. Performance-Based Stock Options: To further align the interests of Region Managers with the company's long-term success, Stewart Information Services Corp. may introduce performance-based stock options. These options are directly linked to achieving predetermined performance goals, such as revenue growth, client satisfaction, or market share. Meeting or exceeding these targets enables Region Managers to exercise a portion or all of the performance-based options. 4. Restricted Stock Units (RSS): In addition to stock options, the Montana Stock Option Plan may also incorporate restricted stock units. RSS represents a promise to provide the Region Managers with company shares at a later date, typically upon meeting specific performance or tenure milestones. Unlike stock options, RSS do not require the manager to purchase shares but are granted as part of their overall compensation package. Overall, the Montana Stock Option Plan of Stewart Information Services Corp. for Region Managers offers a range of stock options tailored to meet various objectives. Whether it is to ensure retention of talented individuals, motivate exceptional performance, or align interests with company goals, this comprehensive plan provides Region Managers with an attractive opportunity to participate in the company's success while creating a sense of ownership and investment in Stewart Information Services Corp.'s future.