North Carolina 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 North Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees by providing them with various stock-based benefits. Under this plan, employees are granted the opportunity to purchase company stocks at a predetermined price, known as the "strike price," within a specified time period. The Fresco, Inc. Stock Option and Award Plan provides employees in North Carolina with a valuable tool to participate in the growth and success of the company. By granting stock options, Fresco aims to align the interests of employees with the overall performance of the company. This fosters a sense of ownership and motivates individuals to contribute positively towards Fresco's growth. One type of stock-based benefit offered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to buy company stocks at a predetermined price over a specified period, even if the price of the stock has increased during that time. This allows employees to potentially profit from the difference between the strike price and the current market price. Another type of stock-based benefit commonly offered under the plan is the Restricted Stock Unit (RSU). With RSS, employees are granted the right to receive a specific number of company stocks after a predetermined vesting period. Vesting conditions can include length of service, achieving specified performance goals, or both. Once RSS are vested, employees become actual shareholders of the company. In addition to Nests and RSS, the North Carolina Stock Option and Award Plan may include other types of equity-based incentives such as stock appreciation rights (SARS), performance share units (Plus), or restricted stock awards (SAS). These different types of awards and options cater to the diverse needs of employees and facilitate a sense of ownership, motivation, and loyalty. Overall, the North Carolina Stock Option and Award Plan of Fresco, Inc. is a valuable program that provides employees with the opportunity to invest in the company and reap the benefits of its success. By offering various types of stock-based benefits, Fresco fosters a culture of innovation, collaboration, and long-term commitment among its employees.

The North Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees by providing them with various stock-based benefits. Under this plan, employees are granted the opportunity to purchase company stocks at a predetermined price, known as the "strike price," within a specified time period. The Fresco, Inc. Stock Option and Award Plan provides employees in North Carolina with a valuable tool to participate in the growth and success of the company. By granting stock options, Fresco aims to align the interests of employees with the overall performance of the company. This fosters a sense of ownership and motivates individuals to contribute positively towards Fresco's growth. One type of stock-based benefit offered under this plan is the Non-Qualified Stock Option (NO). Nests provide employees with the flexibility to buy company stocks at a predetermined price over a specified period, even if the price of the stock has increased during that time. This allows employees to potentially profit from the difference between the strike price and the current market price. Another type of stock-based benefit commonly offered under the plan is the Restricted Stock Unit (RSU). With RSS, employees are granted the right to receive a specific number of company stocks after a predetermined vesting period. Vesting conditions can include length of service, achieving specified performance goals, or both. Once RSS are vested, employees become actual shareholders of the company. In addition to Nests and RSS, the North Carolina Stock Option and Award Plan may include other types of equity-based incentives such as stock appreciation rights (SARS), performance share units (Plus), or restricted stock awards (SAS). These different types of awards and options cater to the diverse needs of employees and facilitate a sense of ownership, motivation, and loyalty. Overall, the North Carolina Stock Option and Award Plan of Fresco, Inc. is a valuable program that provides employees with the opportunity to invest in the company and reap the benefits of its success. By offering various types of stock-based benefits, Fresco fosters a culture of innovation, collaboration, and long-term commitment among its employees.