Ohio 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 Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program offered by Stewart Information Services Corp. specifically designed for Region Managers operating within the state of Ohio. By incorporating various incentives in the form of stock options, this plan aims to attract and retain talented individuals while rewarding their contributions to the company's growth and success. The Ohio Stock Option Plan provides Region Managers with the opportunity to acquire shares of Stewart Information Services Corp.'s stock at favorable prices. These stock options are granted based on performance and tenure, and they can be exercised over a specific period, typically several years. This encourages Region Managers to align their own interests with those of the company and its shareholders, as their financial gain is directly linked to the company's performance in the stock market. There are several types of Ohio Stock Option Plans available to Region Managers within Stewart Information Services Corp. Each plan is tailored to meet the diverse needs and goals of different individuals, ensuring a targeted approach to compensation. These plans include: 1. Performance-based Stock Option Plan: This plan rewards Region Managers based on achieving predetermined performance targets, such as meeting specific sales or profitability goals. By incentivizing exceptional performance, this plan motivates Region Managers to reach and exceed their targets, thereby contributing to the overall growth of Stewart Information Services Corp. 2. Tenure-based Stock Option Plan: This plan recognizes the loyalty and commitment of Region Managers to Stewart Information Services Corp. over an extended period. As Region Managers progress in their roles and gain experience, they become eligible for additional stock options, which serve as a testament to their long-term dedication and expertise. 3. Merit-based Stock Option Plan: This plan is based on the individual achievements and contributions of Region Managers. It rewards exceptional performance, innovation, and leadership skills by granting additional stock options. By recognizing and rewarding top-performing Region Managers, Stewart Information Services Corp. cultivates a culture of excellence and encourages healthy competition within its regional management teams. 4. Special Incentive Stock Option Plan: This plan is designed to provide additional motivation during periods of significant growth, expansion, or any other extraordinary circumstances. It offers Region Managers an opportunity to earn additional stock options by successfully navigating and achieving specific targets during challenging times, ensuring that their efforts are duly recognized and rewarded. Overall, the Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a robust compensation program that aims to attract, retain, and motivate talented individuals operating within the state of Ohio. By offering various types of stock option plans, Stewart Information Services Corp. ensures that its compensation strategy remains flexible, empowering Region Managers to contribute to the company's long-term success while maximizing their own financial growth.

The Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program offered by Stewart Information Services Corp. specifically designed for Region Managers operating within the state of Ohio. By incorporating various incentives in the form of stock options, this plan aims to attract and retain talented individuals while rewarding their contributions to the company's growth and success. The Ohio Stock Option Plan provides Region Managers with the opportunity to acquire shares of Stewart Information Services Corp.'s stock at favorable prices. These stock options are granted based on performance and tenure, and they can be exercised over a specific period, typically several years. This encourages Region Managers to align their own interests with those of the company and its shareholders, as their financial gain is directly linked to the company's performance in the stock market. There are several types of Ohio Stock Option Plans available to Region Managers within Stewart Information Services Corp. Each plan is tailored to meet the diverse needs and goals of different individuals, ensuring a targeted approach to compensation. These plans include: 1. Performance-based Stock Option Plan: This plan rewards Region Managers based on achieving predetermined performance targets, such as meeting specific sales or profitability goals. By incentivizing exceptional performance, this plan motivates Region Managers to reach and exceed their targets, thereby contributing to the overall growth of Stewart Information Services Corp. 2. Tenure-based Stock Option Plan: This plan recognizes the loyalty and commitment of Region Managers to Stewart Information Services Corp. over an extended period. As Region Managers progress in their roles and gain experience, they become eligible for additional stock options, which serve as a testament to their long-term dedication and expertise. 3. Merit-based Stock Option Plan: This plan is based on the individual achievements and contributions of Region Managers. It rewards exceptional performance, innovation, and leadership skills by granting additional stock options. By recognizing and rewarding top-performing Region Managers, Stewart Information Services Corp. cultivates a culture of excellence and encourages healthy competition within its regional management teams. 4. Special Incentive Stock Option Plan: This plan is designed to provide additional motivation during periods of significant growth, expansion, or any other extraordinary circumstances. It offers Region Managers an opportunity to earn additional stock options by successfully navigating and achieving specific targets during challenging times, ensuring that their efforts are duly recognized and rewarded. Overall, the Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a robust compensation program that aims to attract, retain, and motivate talented individuals operating within the state of Ohio. By offering various types of stock option plans, Stewart Information Services Corp. ensures that its compensation strategy remains flexible, empowering Region Managers to contribute to the company's long-term success while maximizing their own financial growth.