Oregon 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 Oregon Stock Option and Award Plan is a comprehensive long-term incentive plan implemented by Fresco, Inc., a reputed company based in Oregon. This plan is designed to attract, motivate, and retain talented employees by providing them with various stock-based incentives and rewards. Under the Oregon Stock Option and Award Plan, Fresco, Inc. offers different types of stock-based incentives to eligible employees, including stock options, restricted stock units (RSS), and performance shares. Stock Options: These are financial derivatives that give eligible employees the right to purchase a specific number of company shares at a pre-determined price, known as the exercise price or strike price. Stock options typically have a vesting period, which means employees can exercise these options only after meeting certain criteria or remaining with the company for a certain duration. This helps align the interests of employees with the company's long-term growth and success. Restricted Stock Units (RSS): RSS are another form of stock-based compensation where the company grants eligible employees a specific number of stock units. These units represent the company's shares but are restricted and cannot be sold or transferred until they vest. RSS usually have a vesting schedule, and upon vesting, employees receive the shares or their cash value, depending on the plan's terms and conditions. Performance Shares: Performance share awards are granted to eligible employees based on certain pre-established performance goals or metrics. These awards are tied to the company's performance and provide a tangible incentive to achieve specific objectives. Once the performance criteria are met, employees are granted shares directly or receive the cash equivalent. The Oregon Stock Option and Award Plan of Fresco, Inc. aims to align the interests of employees with those of the company's shareholders, promoting a long-term perspective and rewarding employees for their dedication, performance, and contribution to the company's success. This plan plays a crucial role in recognizing and retaining top talent, fostering a culture of ownership and accountability. The plan's details, eligibility criteria, vesting schedules, exercise prices, and other terms may vary, depending on the specific group of employees, job roles, performance metrics, or other factors. It is essential for eligible employees to carefully review the plan documentation, consult with their Human Resources department, and seek professional advice to fully understand the specifics and benefits of the Oregon Stock Option and Award Plan of Fresco, Inc.

The Oregon Stock Option and Award Plan is a comprehensive long-term incentive plan implemented by Fresco, Inc., a reputed company based in Oregon. This plan is designed to attract, motivate, and retain talented employees by providing them with various stock-based incentives and rewards. Under the Oregon Stock Option and Award Plan, Fresco, Inc. offers different types of stock-based incentives to eligible employees, including stock options, restricted stock units (RSS), and performance shares. Stock Options: These are financial derivatives that give eligible employees the right to purchase a specific number of company shares at a pre-determined price, known as the exercise price or strike price. Stock options typically have a vesting period, which means employees can exercise these options only after meeting certain criteria or remaining with the company for a certain duration. This helps align the interests of employees with the company's long-term growth and success. Restricted Stock Units (RSS): RSS are another form of stock-based compensation where the company grants eligible employees a specific number of stock units. These units represent the company's shares but are restricted and cannot be sold or transferred until they vest. RSS usually have a vesting schedule, and upon vesting, employees receive the shares or their cash value, depending on the plan's terms and conditions. Performance Shares: Performance share awards are granted to eligible employees based on certain pre-established performance goals or metrics. These awards are tied to the company's performance and provide a tangible incentive to achieve specific objectives. Once the performance criteria are met, employees are granted shares directly or receive the cash equivalent. The Oregon Stock Option and Award Plan of Fresco, Inc. aims to align the interests of employees with those of the company's shareholders, promoting a long-term perspective and rewarding employees for their dedication, performance, and contribution to the company's success. This plan plays a crucial role in recognizing and retaining top talent, fostering a culture of ownership and accountability. The plan's details, eligibility criteria, vesting schedules, exercise prices, and other terms may vary, depending on the specific group of employees, job roles, performance metrics, or other factors. It is essential for eligible employees to carefully review the plan documentation, consult with their Human Resources department, and seek professional advice to fully understand the specifics and benefits of the Oregon Stock Option and Award Plan of Fresco, Inc.