Pennsylvania 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 Pennsylvania Stock Option and Award Plan of Fresco, Inc., is a comprehensive and flexible compensation program offered by Fresco, Inc., based in Pennsylvania. This plan is designed to provide incentives to employees in the form of stock options and awards. Under this plan, eligible employees are granted stock options, which allow them to purchase a certain number of shares of Fresco, Inc.'s common stock at a predetermined price within a specified period. These stock options are often used as a means to align the interests of employees with the success of the company. The Pennsylvania Stock Option and Award Plan of Fresco, Inc. also provides for various awards, including restricted stock units (RSS), performance shares, and stock appreciation rights (SARS). RSS are units that represent an equivalent value of the company's common stock, which will be granted to employees following the fulfillment of specific conditions or vesting periods. Performance shares are awarded based on predefined performance criteria, such as meeting financial targets or achieving specific business objectives. SARS, on the other hand, grant employees the right to receive the appreciation in the stock price as cash or stock, depending on the plan's terms. This plan serves as a crucial tool for attracting and retaining talented individuals within Fresco, Inc. It motivates employees to contribute to the company's growth and aligns their interests with the long-term success of the organization. By offering various types of equity-based compensation, the plan ensures the engagement and dedication of employees, promoting a positive work culture and fostering employee ownership. Keywords: Pennsylvania Stock Option and Award Plan, Fresco, Inc., stock options, awards, restricted stock units, performance shares, stock appreciation rights, incentives, compensation program, employee engagement, employee ownership.

The Pennsylvania Stock Option and Award Plan of Fresco, Inc., is a comprehensive and flexible compensation program offered by Fresco, Inc., based in Pennsylvania. This plan is designed to provide incentives to employees in the form of stock options and awards. Under this plan, eligible employees are granted stock options, which allow them to purchase a certain number of shares of Fresco, Inc.'s common stock at a predetermined price within a specified period. These stock options are often used as a means to align the interests of employees with the success of the company. The Pennsylvania Stock Option and Award Plan of Fresco, Inc. also provides for various awards, including restricted stock units (RSS), performance shares, and stock appreciation rights (SARS). RSS are units that represent an equivalent value of the company's common stock, which will be granted to employees following the fulfillment of specific conditions or vesting periods. Performance shares are awarded based on predefined performance criteria, such as meeting financial targets or achieving specific business objectives. SARS, on the other hand, grant employees the right to receive the appreciation in the stock price as cash or stock, depending on the plan's terms. This plan serves as a crucial tool for attracting and retaining talented individuals within Fresco, Inc. It motivates employees to contribute to the company's growth and aligns their interests with the long-term success of the organization. By offering various types of equity-based compensation, the plan ensures the engagement and dedication of employees, promoting a positive work culture and fostering employee ownership. Keywords: Pennsylvania Stock Option and Award Plan, Fresco, Inc., stock options, awards, restricted stock units, performance shares, stock appreciation rights, incentives, compensation program, employee engagement, employee ownership.