Ohio 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 Ohio Stock Option and Award Plan of Fresco, Inc. is a crucial component of the company's employee compensation and incentive structure. This plan enables eligible employees of Fresco, Inc., a leading financial services company based in Ohio, to receive stock options and various awards to enhance their overall compensation and engagement. The Ohio Stock Option and Award Plan aims to motivate and reward employees by granting them the opportunity to acquire shares of Fresco, Inc. stock. By providing stock options, the company offers employees the chance to become stakeholders, aligning their interests with the long-term success and profitability of the organization. There are distinct types of stock options and awards available under the Ohio Stock Option and Award Plan, each catering to specific employee categories or goals. These include: 1. Stock Options: Fresco, Inc. may offer employees the opportunity to purchase a specific number of company shares at a predetermined price, commonly referred to as the exercise price. These options typically have a vesting schedule, allowing employees to exercise their options gradually over a defined period. 2. Incentive Stock Options (SOS): SOS are a particular type of stock option granted to employees that may confer certain tax benefits under the Internal Revenue Code. These options are typically subject to specific provisions and requirements outlined in the Ohio Stock Option and Award Plan. 3. Restricted Stock Units (RSS): RSS grant employees the right to receive company shares at a future date, often following a vesting period or upon achieving predetermined performance goals. RSS provide employees with an ownership interest in Fresco, Inc. while discouraging the immediate sale or transfer of shares. 4. Performance Share Units (Plus): Plus are awarded based on performance metrics and predetermined goals set by the company. These units convert into company shares once the performance criteria are met, rewarding employees for their exemplary performance and contribution to the overall success of Fresco, Inc. 5. Employee Stock Purchase Plans (ESPN): ESPN enable employees to purchase company shares through regular payroll deductions, often at a discounted rate. These plans allow employees to accumulate company stock gradually, fostering long-term engagement, and aligning their interests. By offering a comprehensive range of stock options and awards, the Ohio Stock Option and Award Plan of Fresco, Inc. ensures that employees can benefit from the company's financial success, fostering a sense of ownership, and motivating them to enhance their performance and loyalty to the organization.

The Ohio Stock Option and Award Plan of Fresco, Inc. is a crucial component of the company's employee compensation and incentive structure. This plan enables eligible employees of Fresco, Inc., a leading financial services company based in Ohio, to receive stock options and various awards to enhance their overall compensation and engagement. The Ohio Stock Option and Award Plan aims to motivate and reward employees by granting them the opportunity to acquire shares of Fresco, Inc. stock. By providing stock options, the company offers employees the chance to become stakeholders, aligning their interests with the long-term success and profitability of the organization. There are distinct types of stock options and awards available under the Ohio Stock Option and Award Plan, each catering to specific employee categories or goals. These include: 1. Stock Options: Fresco, Inc. may offer employees the opportunity to purchase a specific number of company shares at a predetermined price, commonly referred to as the exercise price. These options typically have a vesting schedule, allowing employees to exercise their options gradually over a defined period. 2. Incentive Stock Options (SOS): SOS are a particular type of stock option granted to employees that may confer certain tax benefits under the Internal Revenue Code. These options are typically subject to specific provisions and requirements outlined in the Ohio Stock Option and Award Plan. 3. Restricted Stock Units (RSS): RSS grant employees the right to receive company shares at a future date, often following a vesting period or upon achieving predetermined performance goals. RSS provide employees with an ownership interest in Fresco, Inc. while discouraging the immediate sale or transfer of shares. 4. Performance Share Units (Plus): Plus are awarded based on performance metrics and predetermined goals set by the company. These units convert into company shares once the performance criteria are met, rewarding employees for their exemplary performance and contribution to the overall success of Fresco, Inc. 5. Employee Stock Purchase Plans (ESPN): ESPN enable employees to purchase company shares through regular payroll deductions, often at a discounted rate. These plans allow employees to accumulate company stock gradually, fostering long-term engagement, and aligning their interests. By offering a comprehensive range of stock options and awards, the Ohio Stock Option and Award Plan of Fresco, Inc. ensures that employees can benefit from the company's financial success, fostering a sense of ownership, and motivating them to enhance their performance and loyalty to the organization.