Oklahoma 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 Oklahoma Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed for employees of the company. This program offers various types of stock options and awards to reward their contributions, incentivize their performance, and align their interests with the success of the organization. Under this plan, employees have the opportunity to acquire stock options, which grant them the right to purchase shares of Fresco, Inc. at a predetermined price within a specified time frame. The plan not only motivates employees by giving them a sense of ownership but also allows them to participate in the company's growth and profitability. There are several types of stock options available within the Oklahoma Stock Option and Award Plan, including: 1. Non-Qualified Stock Options (Nests): These options are usually granted to employees and provide them with flexibility in exercising the options. Nests are usually subject to tax implications upon exercise. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and provide certain tax advantages. If certain criteria are met, the gains from SOS can be taxed as capital gains rather than ordinary income. 3. Restricted Stock Units (RSS): RSS are another type of award granted to employees. In this case, employees receive virtual shares, which convert into actual company shares upon meeting certain vesting conditions, such as remaining employed for a specified period. RSS help in retaining employees and promoting long-term commitment to the company. 4. Performance-Based Stock Awards: These awards are granted based on predetermined performance goals, such as achieving specific financial targets or increasing shareholder value. Performance-based stock awards are designed to motivate employees to excel and directly tie their rewards to the company's success. The Oklahoma Stock Option and Award Plan of Fresco, Inc. is carefully structured to attract and retain talented professionals, align their interests with shareholders, and foster a culture of performance and ownership. By offering different types of stock options and awards, the company can cater to the diverse needs and preferences of its employees, thereby creating a highly engaged and motivated workforce.

The Oklahoma Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed for employees of the company. This program offers various types of stock options and awards to reward their contributions, incentivize their performance, and align their interests with the success of the organization. Under this plan, employees have the opportunity to acquire stock options, which grant them the right to purchase shares of Fresco, Inc. at a predetermined price within a specified time frame. The plan not only motivates employees by giving them a sense of ownership but also allows them to participate in the company's growth and profitability. There are several types of stock options available within the Oklahoma Stock Option and Award Plan, including: 1. Non-Qualified Stock Options (Nests): These options are usually granted to employees and provide them with flexibility in exercising the options. Nests are usually subject to tax implications upon exercise. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and provide certain tax advantages. If certain criteria are met, the gains from SOS can be taxed as capital gains rather than ordinary income. 3. Restricted Stock Units (RSS): RSS are another type of award granted to employees. In this case, employees receive virtual shares, which convert into actual company shares upon meeting certain vesting conditions, such as remaining employed for a specified period. RSS help in retaining employees and promoting long-term commitment to the company. 4. Performance-Based Stock Awards: These awards are granted based on predetermined performance goals, such as achieving specific financial targets or increasing shareholder value. Performance-based stock awards are designed to motivate employees to excel and directly tie their rewards to the company's success. The Oklahoma Stock Option and Award Plan of Fresco, Inc. is carefully structured to attract and retain talented professionals, align their interests with shareholders, and foster a culture of performance and ownership. By offering different types of stock options and awards, the company can cater to the diverse needs and preferences of its employees, thereby creating a highly engaged and motivated workforce.