Texas 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 Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program specifically designed for the employees of Fresco, Inc., a Texas-based company. This plan offers various stock options and awards to reward and retain talented individuals within the organization. Under the Texas Stock Option and Award Plan, employees are granted the opportunity to purchase company stocks at a predetermined price, commonly known as the exercise price or strike price. This benefit allows employees to share in the company's success and aligns their interests with those of the company's shareholders, encouraging motivation and dedication. Fresco, Inc. offers several types of stock options and awards within their Texas Stock Option and Award Plan, each catering to different circumstances and preferences: 1. Incentive Stock Options (SOS): SOS are a popular choice among employees as they provide potential tax advantages. These options allow employees to purchase company stocks at a specified price, usually below the market value, and hold onto them for a certain period before selling. 2. Non-Qualified Stock Options (Nests): Nests differ from SOS in terms of tax implications. They allow employees to purchase stocks at a predetermined price, but the difference between the exercise price and the stock's fair market value upon exercise is subject to income tax. 3. Restricted Stock Awards (SAS): SAS is another component of Fresco's Texas Stock Option and Award Plan, offering employees the opportunity to receive company stocks outright. However, SAS come with certain conditions and restrictions, such as a vesting schedule or performance goals, which the employees must meet to fully own the awarded stocks. 4. Performance-Based Stock Awards (PBS As): PBS As are stock awards tied to specific performance metrics or goals set by Fresco, Inc. This type of award allows employees to earn company stocks based on their individual or collective performance, motivating them to achieve predetermined targets. Fresco, Inc.'s Texas Stock Option and Award Plan aims to incentivize and reward employees by aligning their financial interests with the company's overall success. This comprehensive program offers various forms of stock options and awards, enabling employees to participate in the company's growth and development while fostering a sense of ownership and commitment.

The Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program specifically designed for the employees of Fresco, Inc., a Texas-based company. This plan offers various stock options and awards to reward and retain talented individuals within the organization. Under the Texas Stock Option and Award Plan, employees are granted the opportunity to purchase company stocks at a predetermined price, commonly known as the exercise price or strike price. This benefit allows employees to share in the company's success and aligns their interests with those of the company's shareholders, encouraging motivation and dedication. Fresco, Inc. offers several types of stock options and awards within their Texas Stock Option and Award Plan, each catering to different circumstances and preferences: 1. Incentive Stock Options (SOS): SOS are a popular choice among employees as they provide potential tax advantages. These options allow employees to purchase company stocks at a specified price, usually below the market value, and hold onto them for a certain period before selling. 2. Non-Qualified Stock Options (Nests): Nests differ from SOS in terms of tax implications. They allow employees to purchase stocks at a predetermined price, but the difference between the exercise price and the stock's fair market value upon exercise is subject to income tax. 3. Restricted Stock Awards (SAS): SAS is another component of Fresco's Texas Stock Option and Award Plan, offering employees the opportunity to receive company stocks outright. However, SAS come with certain conditions and restrictions, such as a vesting schedule or performance goals, which the employees must meet to fully own the awarded stocks. 4. Performance-Based Stock Awards (PBS As): PBS As are stock awards tied to specific performance metrics or goals set by Fresco, Inc. This type of award allows employees to earn company stocks based on their individual or collective performance, motivating them to achieve predetermined targets. Fresco, Inc.'s Texas Stock Option and Award Plan aims to incentivize and reward employees by aligning their financial interests with the company's overall success. This comprehensive program offers various forms of stock options and awards, enabling employees to participate in the company's growth and development while fostering a sense of ownership and commitment.