New Hampshire 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 New Hampshire Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to reward and incentivize employees of Fresco, Inc. This plan allows eligible participants to receive stock options and awards based on their performance and contributions to the company's success. Under this plan, employees are given the opportunity to acquire company stock at a predetermined price, known as the exercise price. These stock options provide employees with the right to purchase a specified number of shares within a specified timeframe. By granting stock options, the company encourages employees to align their interests with the long-term success of Fresco, Inc. and share in its growth. Additionally, Fresco, Inc. offers various types of awards through this plan, including restricted stock units (RSS) and performance share units (Plus). RSS are granted to employees and convert into company shares upon vesting, usually over a set period of time or upon achieving certain performance goals. On the other hand, Plus are awarded based on the company's performance against predetermined metrics, allowing employees to receive additional shares if specific milestones are met. The New Hampshire Stock Option and Award Plan of Fresco, Inc. aims to provide employees with an opportunity to participate in the company's ownership and success. By offering stock options and awards, Fresco, Inc. seeks to attract, retain, and motivate talented individuals who contribute to the company's growth and profitability. This plan reflects the company's commitment to fair compensation practices and recognizing the valuable efforts of its employees. Through this program, employees can benefit from the potential upside of Fresco, Inc.'s growth, while simultaneously aligning their objectives with the company's long-term goals. The stock options and awards granted under this plan serve as a powerful tool to attract top talent, foster employee loyalty, and drive performance. Overall, the New Hampshire Stock Option and Award Plan of Fresco, Inc. offers a comprehensive compensation package to eligible employees, providing them with an opportunity to share in the company's success and growth through stock options and awards like RSS and Plus.

New Hampshire Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to reward and incentivize employees of Fresco, Inc. This plan allows eligible participants to receive stock options and awards based on their performance and contributions to the company's success. Under this plan, employees are given the opportunity to acquire company stock at a predetermined price, known as the exercise price. These stock options provide employees with the right to purchase a specified number of shares within a specified timeframe. By granting stock options, the company encourages employees to align their interests with the long-term success of Fresco, Inc. and share in its growth. Additionally, Fresco, Inc. offers various types of awards through this plan, including restricted stock units (RSS) and performance share units (Plus). RSS are granted to employees and convert into company shares upon vesting, usually over a set period of time or upon achieving certain performance goals. On the other hand, Plus are awarded based on the company's performance against predetermined metrics, allowing employees to receive additional shares if specific milestones are met. The New Hampshire Stock Option and Award Plan of Fresco, Inc. aims to provide employees with an opportunity to participate in the company's ownership and success. By offering stock options and awards, Fresco, Inc. seeks to attract, retain, and motivate talented individuals who contribute to the company's growth and profitability. This plan reflects the company's commitment to fair compensation practices and recognizing the valuable efforts of its employees. Through this program, employees can benefit from the potential upside of Fresco, Inc.'s growth, while simultaneously aligning their objectives with the company's long-term goals. The stock options and awards granted under this plan serve as a powerful tool to attract top talent, foster employee loyalty, and drive performance. Overall, the New Hampshire Stock Option and Award Plan of Fresco, Inc. offers a comprehensive compensation package to eligible employees, providing them with an opportunity to share in the company's success and growth through stock options and awards like RSS and Plus.