North Dakota 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 Dakota Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program that provides employees with the opportunity to acquire ownership stakes in the company. This plan is designed to incentivize and reward employees for their contributions to the company's overall success. Under this plan, employees are granted stock options or awards that allow them to purchase shares of Fresco, Inc. at a predetermined price within a specified time frame. By offering stock options and awards, the company aligns the interests of its employees with that of its shareholders, fostering a culture of ownership and long-term commitment. The North Dakota Stock Option and Award Plan offers several types of equity-based compensation options to eligible employees: 1. Stock Options: Employees can receive stock options, which grant them the right to purchase a specified number of shares at a predetermined exercise price. These options typically have a vesting period, during which employees must remain with the company to exercise their options. 2. Restricted Stock Awards: In addition to stock options, Fresco, Inc. may also grant restricted stock awards to eligible employees. Restricted stock awards give the recipient actual shares of the company's stock, which are subject to certain restrictions and vesting requirements. This type of award ensures that employees have a direct ownership stake in the company. 3. Performance-Based Awards: The plan may also include performance-based awards, which are granted based on the achievement of specific performance goals or targets. These awards provide additional incentives for employees to exceed expectations and drive the company's growth. 4. Stock Appreciation Rights (SARS): In some cases, the plan may offer stock appreciation rights, which entitle employees to receive the increase in the company's stock price over a predetermined period. Unlike stock options, SARS do not require employees to purchase shares but instead provide a cash or stock-based payout when exercised. It's important to note that the specific terms and conditions of the North Dakota Stock Option and Award Plan may vary based on individual circumstances and the discretion of the company's management. Eligibility, vesting schedules, exercise periods, and other important details will be outlined in the plan's official documentation. Overall, the North Dakota Stock Option and Award Plan of Fresco, Inc. effectively motivates and rewards employees by aligning their interests with the company's long-term success. Through stock options, restricted stock awards, performance-based awards, and stock appreciation rights, Fresco, Inc. aims to create a highly engaged workforce that actively contributes to the company's growth and prosperity.

The North Dakota Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program that provides employees with the opportunity to acquire ownership stakes in the company. This plan is designed to incentivize and reward employees for their contributions to the company's overall success. Under this plan, employees are granted stock options or awards that allow them to purchase shares of Fresco, Inc. at a predetermined price within a specified time frame. By offering stock options and awards, the company aligns the interests of its employees with that of its shareholders, fostering a culture of ownership and long-term commitment. The North Dakota Stock Option and Award Plan offers several types of equity-based compensation options to eligible employees: 1. Stock Options: Employees can receive stock options, which grant them the right to purchase a specified number of shares at a predetermined exercise price. These options typically have a vesting period, during which employees must remain with the company to exercise their options. 2. Restricted Stock Awards: In addition to stock options, Fresco, Inc. may also grant restricted stock awards to eligible employees. Restricted stock awards give the recipient actual shares of the company's stock, which are subject to certain restrictions and vesting requirements. This type of award ensures that employees have a direct ownership stake in the company. 3. Performance-Based Awards: The plan may also include performance-based awards, which are granted based on the achievement of specific performance goals or targets. These awards provide additional incentives for employees to exceed expectations and drive the company's growth. 4. Stock Appreciation Rights (SARS): In some cases, the plan may offer stock appreciation rights, which entitle employees to receive the increase in the company's stock price over a predetermined period. Unlike stock options, SARS do not require employees to purchase shares but instead provide a cash or stock-based payout when exercised. It's important to note that the specific terms and conditions of the North Dakota Stock Option and Award Plan may vary based on individual circumstances and the discretion of the company's management. Eligibility, vesting schedules, exercise periods, and other important details will be outlined in the plan's official documentation. Overall, the North Dakota Stock Option and Award Plan of Fresco, Inc. effectively motivates and rewards employees by aligning their interests with the company's long-term success. Through stock options, restricted stock awards, performance-based awards, and stock appreciation rights, Fresco, Inc. aims to create a highly engaged workforce that actively contributes to the company's growth and prosperity.