New Jersey 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 New Jersey Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program established by Fresco, Inc., a company based in New Jersey. This plan is designed to attract and retain talented individuals by providing them with various stock-based incentives and awards. Under the New Jersey Stock Option and Award Plan, employees of Fresco, Inc. have the opportunity to receive stock options and awards as part of their overall compensation package. These stock options give employees the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. Such stock options provide employees with the potential for financial growth as the company's stock value increases. There are several types of stock options available under the New Jersey Stock Option and Award Plan: 1. Non-Qualified Stock Options (SOS): These options are generally available to all employees and are subject to regular income tax upon exercise. SOS offer employees more flexibility in terms of the exercise price and vesting schedule. 2. Incentive Stock Options (SOS): SOS are granted to key employees and executives, providing them with certain favorable tax treatment. To qualify for special tax treatment, specific holding periods and other requirements must be met. In addition to stock options, the New Jersey Stock Option and Award Plan may also include other types of stock-based awards: 1. Restricted Stock Units (RSS): RSS are awards that represent the right to receive company shares at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not require an upfront purchase. 2. Performance Share Units (Plus): Plus are awards that are earned based on achieving specific performance goals or targets set by the company. These goals may be financial, operational, or related to individual performance. Overall, the New Jersey Stock Option and Award Plan of Fresco, Inc. aims to align employee compensation with the company's performance and long-term growth. By offering stock-based incentives, Fresco, Inc. encourages employees to contribute to the success of the company, enhancing its overall competitiveness in the market.

The New Jersey Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program established by Fresco, Inc., a company based in New Jersey. This plan is designed to attract and retain talented individuals by providing them with various stock-based incentives and awards. Under the New Jersey Stock Option and Award Plan, employees of Fresco, Inc. have the opportunity to receive stock options and awards as part of their overall compensation package. These stock options give employees the right to purchase a specified number of company shares at a predetermined price, known as the exercise price. Such stock options provide employees with the potential for financial growth as the company's stock value increases. There are several types of stock options available under the New Jersey Stock Option and Award Plan: 1. Non-Qualified Stock Options (SOS): These options are generally available to all employees and are subject to regular income tax upon exercise. SOS offer employees more flexibility in terms of the exercise price and vesting schedule. 2. Incentive Stock Options (SOS): SOS are granted to key employees and executives, providing them with certain favorable tax treatment. To qualify for special tax treatment, specific holding periods and other requirements must be met. In addition to stock options, the New Jersey Stock Option and Award Plan may also include other types of stock-based awards: 1. Restricted Stock Units (RSS): RSS are awards that represent the right to receive company shares at a future date, subject to certain vesting conditions. Unlike stock options, RSS do not require an upfront purchase. 2. Performance Share Units (Plus): Plus are awards that are earned based on achieving specific performance goals or targets set by the company. These goals may be financial, operational, or related to individual performance. Overall, the New Jersey Stock Option and Award Plan of Fresco, Inc. aims to align employee compensation with the company's performance and long-term growth. By offering stock-based incentives, Fresco, Inc. encourages employees to contribute to the success of the company, enhancing its overall competitiveness in the market.