South Carolina 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 South Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their valuable contributions to the company's success. This plan offers various types of stock options and awards based on different criteria and timeframes. One type of stock option available under the South Carolina Stock Option and Award Plan is the "Non-Qualified Stock Option." This option grants employees the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the date of grant. Non-Qualified Stock Options provide a flexible and tax-efficient way for employees to participate in the company's growth. Another type of stock option is the "Incentive Stock Option," which provides potentially favorable tax treatment to employees. These options are typically granted to key employees and offer the right to purchase shares at a predetermined price. To qualify for advantageous tax treatment, Incentive Stock Options must meet certain statutory requirements and are subject to holding period and reporting obligations. Additionally, the South Carolina Stock Option and Award Plan may include other forms of awards, such as restricted stock units (RSS) and performance-based stock units (Plus). RSS are grants of company stock that vest over time or upon achieving specific performance milestones. Plus, on the other hand, are stock-based awards contingent upon meeting predetermined performance goals. Both RSS and Plus serve as powerful motivators, aligning employee interests with long-term company success. The South Carolina Stock Option and Award Plan of Fresco, Inc. further includes provisions for the administration and governance of the program. These provisions ensure fairness, transparency, and compliance with relevant laws and regulations. The plan also outlines the eligibility criteria, vesting schedules, and exercise periods associated with each type of option or award. Overall, the South Carolina Stock Option and Award Plan of Fresco, Inc. is a thoughtfully designed program that fosters employee retention, motivation, and engagement. It provides employees with opportunities to participate in the company's growth while aligning their interests with long-term shareholder value. By offering different types of stock options and awards, the plan caters to the unique needs and objectives of diverse employees, further strengthening the bond between the company and its workforce.

The South Carolina Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees for their valuable contributions to the company's success. This plan offers various types of stock options and awards based on different criteria and timeframes. One type of stock option available under the South Carolina Stock Option and Award Plan is the "Non-Qualified Stock Option." This option grants employees the right to purchase a specified number of shares at a predetermined exercise price. The exercise price is typically set at the fair market value of the stock on the date of grant. Non-Qualified Stock Options provide a flexible and tax-efficient way for employees to participate in the company's growth. Another type of stock option is the "Incentive Stock Option," which provides potentially favorable tax treatment to employees. These options are typically granted to key employees and offer the right to purchase shares at a predetermined price. To qualify for advantageous tax treatment, Incentive Stock Options must meet certain statutory requirements and are subject to holding period and reporting obligations. Additionally, the South Carolina Stock Option and Award Plan may include other forms of awards, such as restricted stock units (RSS) and performance-based stock units (Plus). RSS are grants of company stock that vest over time or upon achieving specific performance milestones. Plus, on the other hand, are stock-based awards contingent upon meeting predetermined performance goals. Both RSS and Plus serve as powerful motivators, aligning employee interests with long-term company success. The South Carolina Stock Option and Award Plan of Fresco, Inc. further includes provisions for the administration and governance of the program. These provisions ensure fairness, transparency, and compliance with relevant laws and regulations. The plan also outlines the eligibility criteria, vesting schedules, and exercise periods associated with each type of option or award. Overall, the South Carolina Stock Option and Award Plan of Fresco, Inc. is a thoughtfully designed program that fosters employee retention, motivation, and engagement. It provides employees with opportunities to participate in the company's growth while aligning their interests with long-term shareholder value. By offering different types of stock options and awards, the plan caters to the unique needs and objectives of diverse employees, further strengthening the bond between the company and its workforce.