North Dakota 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 The North Dakota Stock Option Plan is an employee benefit program offered by Stewart Information Services Corp. specifically designed for Region Managers. This plan enables Region Managers within the company to purchase shares of Stewart Information Services Corp. stock at a predetermined price within a specified time frame. Under this stock option plan, Region Managers are given the opportunity to acquire ownership in the company, aligning their interests with that of the company's shareholders. By participating in this plan, Region Managers have the potential to benefit from increases in the company's stock value, thereby increasing their personal wealth. The North Dakota Stock Option Plan for Region Managers grants them the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically determined at the time the options are granted, and it is usually set at or slightly above the current market price of the company's stock. This ensures that Region Managers have an attractive opportunity for potential gain if the stock price rises. The stock options granted under this plan usually come with a vesting period, which means that Region Managers need to meet certain criteria, such as completing a specific time period or achieving performance targets, before they can exercise their options. Vesting periods incentivize Region Managers to stay with the company and contribute to its long-term success. Additionally, there may be different types of stock option plans within the North Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers, each with its own unique features. This can include Incentive Stock Options (SOS) or Non-Qualified Stock Options (Nests). The specific details of these plan variations may be subject to the company's guidelines and regulatory requirements. In summary, the North Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable employee benefit program that allows Region Managers to purchase company stock at a predetermined price, potentially benefiting from its appreciation over time. By participating in this plan, Region Managers can align their interests with the company's success and increase their personal wealth.

The North Dakota Stock Option Plan is an employee benefit program offered by Stewart Information Services Corp. specifically designed for Region Managers. This plan enables Region Managers within the company to purchase shares of Stewart Information Services Corp. stock at a predetermined price within a specified time frame. Under this stock option plan, Region Managers are given the opportunity to acquire ownership in the company, aligning their interests with that of the company's shareholders. By participating in this plan, Region Managers have the potential to benefit from increases in the company's stock value, thereby increasing their personal wealth. The North Dakota Stock Option Plan for Region Managers grants them the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically determined at the time the options are granted, and it is usually set at or slightly above the current market price of the company's stock. This ensures that Region Managers have an attractive opportunity for potential gain if the stock price rises. The stock options granted under this plan usually come with a vesting period, which means that Region Managers need to meet certain criteria, such as completing a specific time period or achieving performance targets, before they can exercise their options. Vesting periods incentivize Region Managers to stay with the company and contribute to its long-term success. Additionally, there may be different types of stock option plans within the North Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers, each with its own unique features. This can include Incentive Stock Options (SOS) or Non-Qualified Stock Options (Nests). The specific details of these plan variations may be subject to the company's guidelines and regulatory requirements. In summary, the North Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable employee benefit program that allows Region Managers to purchase company stock at a predetermined price, potentially benefiting from its appreciation over time. By participating in this plan, Region Managers can align their interests with the company's success and increase their personal wealth.