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 Nevada Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company through stock options and other forms of awards. This plan aims to attract and retain top talent, align employee interests with shareholders, and drive the company's long-term financial performance. Under the Nevada Stock Option and Award Plan, employees are granted the opportunity to purchase a specific number of company shares, typically at a predetermined price, within a specified period. These stock options provide employees with the ability to benefit from the company's growth and success over time. The plan features various types of stock options and awards, tailored to meet different employee needs and goals. Here are some of the different types of Nevada Stock Option and Award Plans available within Fresco, Inc.: 1. Incentive Stock Options (SOS): SOS are typically offered to key employees and executives. These options provide favorable tax treatment, encouraging long-term commitment to the company. Employees can exercise SOS at a specified price, known as the strike price, after a specific vesting period. 2. Non-Qualified Stock Options (Nests): Nests are more flexible than SOS and can be offered to a wider range of employees. They offer employees the opportunity to purchase company stock at a predetermined price, generally with less stringent requirements than SOS. However, they may be subject to higher taxes upon exercise. 3. Restricted Stock Units (RSS): RSS grant employees the right to receive company stock upon meeting certain vesting conditions, such as time-based or performance-based milestones. RSS provides an element of ownership without requiring actual purchase of shares, and employees receive the shares after the vesting period. 4. Stock Appreciation Rights (SARS): SARS are awards that provide employees with a cash or stock payout based on the appreciation of the company's stock over a specific period. SARS enable employees to benefit from the growth in stock value without owning the actual shares. 5. Performance Share Awards: Performance Share Awards are granted to employees based on achieving specific performance goals set by the company. These awards can provide significant financial rewards if the predetermined performance targets are met. It is important to note that the specific terms, conditions, and availability of these stock option and award plans may vary depending on job level, tenure, and other factors determined by Fresco, Inc.'s board of directors or compensation committee. Overall, the Nevada Stock Option and Award Plan of Fresco, Inc. serves as a powerful tool to attract, motivate, and reward employees, fostering a stronger alignment between their efforts, company objectives, and shareholder value.
The Nevada Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company through stock options and other forms of awards. This plan aims to attract and retain top talent, align employee interests with shareholders, and drive the company's long-term financial performance. Under the Nevada Stock Option and Award Plan, employees are granted the opportunity to purchase a specific number of company shares, typically at a predetermined price, within a specified period. These stock options provide employees with the ability to benefit from the company's growth and success over time. The plan features various types of stock options and awards, tailored to meet different employee needs and goals. Here are some of the different types of Nevada Stock Option and Award Plans available within Fresco, Inc.: 1. Incentive Stock Options (SOS): SOS are typically offered to key employees and executives. These options provide favorable tax treatment, encouraging long-term commitment to the company. Employees can exercise SOS at a specified price, known as the strike price, after a specific vesting period. 2. Non-Qualified Stock Options (Nests): Nests are more flexible than SOS and can be offered to a wider range of employees. They offer employees the opportunity to purchase company stock at a predetermined price, generally with less stringent requirements than SOS. However, they may be subject to higher taxes upon exercise. 3. Restricted Stock Units (RSS): RSS grant employees the right to receive company stock upon meeting certain vesting conditions, such as time-based or performance-based milestones. RSS provides an element of ownership without requiring actual purchase of shares, and employees receive the shares after the vesting period. 4. Stock Appreciation Rights (SARS): SARS are awards that provide employees with a cash or stock payout based on the appreciation of the company's stock over a specific period. SARS enable employees to benefit from the growth in stock value without owning the actual shares. 5. Performance Share Awards: Performance Share Awards are granted to employees based on achieving specific performance goals set by the company. These awards can provide significant financial rewards if the predetermined performance targets are met. It is important to note that the specific terms, conditions, and availability of these stock option and award plans may vary depending on job level, tenure, and other factors determined by Fresco, Inc.'s board of directors or compensation committee. Overall, the Nevada Stock Option and Award Plan of Fresco, Inc. serves as a powerful tool to attract, motivate, and reward employees, fostering a stronger alignment between their efforts, company objectives, and shareholder value.