South Dakota 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 South Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers is a compensation scheme designed to incentivize and reward talented individuals in leadership positions within the company. This plan allows region managers to become shareholders and benefit from the growth and success of the company. Under this plan, region managers are given the opportunity to purchase company stock at a discounted price, typically based on the current market value. The stock options granted to region managers may vest over a period of time, which means that they will have the right to exercise the options and purchase the stock after a certain period. One key feature of the South Dakota Stock Option Plan is that it aligns the interests of the region managers with those of the shareholders, as it encourages them to work towards the long-term success and profitability of Stewart Information Services Corp. Region managers have an added incentive to make strategic decisions and take actions that will positively impact the company's stock price and overall performance. The South Dakota Stock Option Plan of Stewart Information Services Corp. may have several variations or types, depending on the specific goals and objectives of the company. These variations may include: 1. Performance-based stock options: In this type of plan, the stock options are granted based on specific performance metrics or targets. Region managers may receive additional stock options if they achieve predetermined goals, such as meeting revenue targets or increasing market share. 2. Restricted stock units (RSS): Instead of stock options, region managers may be granted RSS, which represent shares of company stock. RSS typically have a vesting period and are converted into actual stock upon vesting. This type of plan ensures that region managers have a direct ownership stake in the company. 3. Stock appreciation rights (SARS): SARS are another form of stock-based compensation where region managers have the right to receive the appreciation in the company's stock value over a specified period. They are not required to purchase the stock, but rather receive a cash payout equivalent to the increase in stock value. It is important to note that the specific terms and conditions of the South Dakota Stock Option Plan, including vesting schedules, exercise prices, and eligibility criteria, may vary for each individual region manager. These details will be outlined in the plan documents provided to the eligible employees.

The South Dakota Stock Option Plan of Stewart Information Services Corp. for Region Managers is a compensation scheme designed to incentivize and reward talented individuals in leadership positions within the company. This plan allows region managers to become shareholders and benefit from the growth and success of the company. Under this plan, region managers are given the opportunity to purchase company stock at a discounted price, typically based on the current market value. The stock options granted to region managers may vest over a period of time, which means that they will have the right to exercise the options and purchase the stock after a certain period. One key feature of the South Dakota Stock Option Plan is that it aligns the interests of the region managers with those of the shareholders, as it encourages them to work towards the long-term success and profitability of Stewart Information Services Corp. Region managers have an added incentive to make strategic decisions and take actions that will positively impact the company's stock price and overall performance. The South Dakota Stock Option Plan of Stewart Information Services Corp. may have several variations or types, depending on the specific goals and objectives of the company. These variations may include: 1. Performance-based stock options: In this type of plan, the stock options are granted based on specific performance metrics or targets. Region managers may receive additional stock options if they achieve predetermined goals, such as meeting revenue targets or increasing market share. 2. Restricted stock units (RSS): Instead of stock options, region managers may be granted RSS, which represent shares of company stock. RSS typically have a vesting period and are converted into actual stock upon vesting. This type of plan ensures that region managers have a direct ownership stake in the company. 3. Stock appreciation rights (SARS): SARS are another form of stock-based compensation where region managers have the right to receive the appreciation in the company's stock value over a specified period. They are not required to purchase the stock, but rather receive a cash payout equivalent to the increase in stock value. It is important to note that the specific terms and conditions of the South Dakota Stock Option Plan, including vesting schedules, exercise prices, and eligibility criteria, may vary for each individual region manager. These details will be outlined in the plan documents provided to the eligible employees.