Oregon 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 Oregon Stock Option Plan of Stewart Information Services Corp. for Region Managers is a unique employee benefit program designed to incentivize and reward top-performing region managers within the company. This plan offers region managers in Oregon the opportunity to purchase company stock at a discounted price, providing them with a stake in the success of Stewart Information Services Corp. Through this stock option plan, Oregon region managers have the potential to benefit from the company's growth and financial success. By granting them the ability to purchase company stock at a predetermined price, this program allows region managers to participate in the appreciation of the stock's value over time. The Oregon Stock Option Plan aims to motivate region managers to excel in their roles by aligning their interests with the interests of the company and its shareholders. By giving region managers the opportunity to become shareholders themselves, the plan fosters a sense of ownership and encourages them to work towards the long-term success of Stewart Information Services Corp. This stock option plan in Oregon is divided into various types, providing flexibility and options for region managers based on their preferences and individual circumstances. Some different types of Oregon Stock Option Plans for Region Managers may include: 1. Non-Qualified Stock Options (SOS): This type of stock option plan allows region managers to purchase company stock at a discounted price, typically below the current market value. SOS are subject to income tax when exercised, and the profit realized from the sale of the stock may also be subject to capital gains tax. 2. Incentive Stock Options (SOS): SOS provide region managers with the opportunity to purchase company stock at a discounted price without incurring any immediate tax liability. However, certain conditions must be met, such as maintaining employment with the company for a specific period, to qualify for favorable tax treatment upon exercise and sale of the stock. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to region managers at a future date, subject to vesting requirements. Once the RSS vest, region managers receive the stock without any purchase price, granting them ownership rights. These various options within the Oregon Stock Option Plan cater to the unique needs and preferences of region managers, ensuring that they have the flexibility to choose the plan that aligns best with their financial goals and circumstances. Overall, the Oregon Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable and rewarding employee benefit program that empowers region managers, fosters a sense of ownership, and aligns their interests with the long-term success of the company.

The Oregon Stock Option Plan of Stewart Information Services Corp. for Region Managers is a unique employee benefit program designed to incentivize and reward top-performing region managers within the company. This plan offers region managers in Oregon the opportunity to purchase company stock at a discounted price, providing them with a stake in the success of Stewart Information Services Corp. Through this stock option plan, Oregon region managers have the potential to benefit from the company's growth and financial success. By granting them the ability to purchase company stock at a predetermined price, this program allows region managers to participate in the appreciation of the stock's value over time. The Oregon Stock Option Plan aims to motivate region managers to excel in their roles by aligning their interests with the interests of the company and its shareholders. By giving region managers the opportunity to become shareholders themselves, the plan fosters a sense of ownership and encourages them to work towards the long-term success of Stewart Information Services Corp. This stock option plan in Oregon is divided into various types, providing flexibility and options for region managers based on their preferences and individual circumstances. Some different types of Oregon Stock Option Plans for Region Managers may include: 1. Non-Qualified Stock Options (SOS): This type of stock option plan allows region managers to purchase company stock at a discounted price, typically below the current market value. SOS are subject to income tax when exercised, and the profit realized from the sale of the stock may also be subject to capital gains tax. 2. Incentive Stock Options (SOS): SOS provide region managers with the opportunity to purchase company stock at a discounted price without incurring any immediate tax liability. However, certain conditions must be met, such as maintaining employment with the company for a specific period, to qualify for favorable tax treatment upon exercise and sale of the stock. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to region managers at a future date, subject to vesting requirements. Once the RSS vest, region managers receive the stock without any purchase price, granting them ownership rights. These various options within the Oregon Stock Option Plan cater to the unique needs and preferences of region managers, ensuring that they have the flexibility to choose the plan that aligns best with their financial goals and circumstances. Overall, the Oregon Stock Option Plan of Stewart Information Services Corp. for Region Managers is a valuable and rewarding employee benefit program that empowers region managers, fosters a sense of ownership, and aligns their interests with the long-term success of the company.