Rhode Island 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 Rhode Island Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed specifically for region managers working within the company. This plan provides region managers with the opportunity to acquire stock options in Stewart Information Services Corp., allowing them to share in the company's success and align their interests with the overall performance of the organization. Under this plan, region managers are granted the right to purchase a specific number of shares of Stewart Information Services Corp.'s common stock at a predetermined price, known as the exercise price. These stock options typically become exercisable over a period of time known as the vesting period, ensuring that region managers remain incentivized to stay with the company and contribute to its growth. The Rhode Island Stock Option Plan includes various types of stock options that are tailored to meet the different needs and objectives of region managers. Some different types of stock options available under this plan include: 1. Non-Qualified Stock Options (SOS): These stock options do not meet the requirements set forth by the Internal Revenue Service (IRS) for preferential tax treatment. Region managers have the flexibility to exercise SOS at any time during the vesting period. 2. Incentive Stock Options (SOS): SOS are stock options that meet the criteria set by the IRS, allowing region managers to receive special tax treatment upon exercise. To qualify for this favorable tax treatment, SOS have specific holding periods and limitations. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are another form of equity compensation offered to region managers. RSS represents the right to receive shares of Stewart Information Services Corp.'s common stock at a future date, subject to the achievement of specific performance goals or the passage of a specific period of time. The Rhode Island Stock Option Plan is designed to motivate and retain top talent within Stewart Information Services Corp., encouraging region managers to go above and beyond in their roles. By offering stock options, the company provides an additional financial incentive for region managers to drive the company's success, resulting in mutual benefit for both the individual region managers and the organization as a whole.

The Rhode Island Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed specifically for region managers working within the company. This plan provides region managers with the opportunity to acquire stock options in Stewart Information Services Corp., allowing them to share in the company's success and align their interests with the overall performance of the organization. Under this plan, region managers are granted the right to purchase a specific number of shares of Stewart Information Services Corp.'s common stock at a predetermined price, known as the exercise price. These stock options typically become exercisable over a period of time known as the vesting period, ensuring that region managers remain incentivized to stay with the company and contribute to its growth. The Rhode Island Stock Option Plan includes various types of stock options that are tailored to meet the different needs and objectives of region managers. Some different types of stock options available under this plan include: 1. Non-Qualified Stock Options (SOS): These stock options do not meet the requirements set forth by the Internal Revenue Service (IRS) for preferential tax treatment. Region managers have the flexibility to exercise SOS at any time during the vesting period. 2. Incentive Stock Options (SOS): SOS are stock options that meet the criteria set by the IRS, allowing region managers to receive special tax treatment upon exercise. To qualify for this favorable tax treatment, SOS have specific holding periods and limitations. 3. Restricted Stock Units (RSS): While not technically stock options, RSS are another form of equity compensation offered to region managers. RSS represents the right to receive shares of Stewart Information Services Corp.'s common stock at a future date, subject to the achievement of specific performance goals or the passage of a specific period of time. The Rhode Island Stock Option Plan is designed to motivate and retain top talent within Stewart Information Services Corp., encouraging region managers to go above and beyond in their roles. By offering stock options, the company provides an additional financial incentive for region managers to drive the company's success, resulting in mutual benefit for both the individual region managers and the organization as a whole.