Texas 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 Texas Stock Option Plan of Stewart Information Services Corp. (DISCO) for Region Managers is a unique compensation program designed to incentivize and reward key employees in leadership roles within the company's various regions in Texas. The plan offers stock options as a means of aligning the interests of Region Managers with the overall growth and success of DISCO. Through this plan, Region Managers are granted the opportunity to purchase a predetermined number of company stocks at a specified price within a certain time frame. The stock options have a vesting period, typically spread over several years, during which Region Managers have to remain employed by the company to retain their options. By granting stock options to its Region Managers, DISCO aims to create a sense of ownership and motivation among its leadership team. It encourages long-term commitment and engagement, as the value of the stock options is directly linked to the company's performance and stock market trends. Additionally, the Texas Stock Option Plan provides Region Managers with the potential for significant financial gains in the future. As the company grows and increases its stock value, employees who have accumulated vested stock options can profit from the appreciation in share prices. There may be different variations of the Texas Stock Option Plan for Region Managers, tailored to meet specific needs and circumstances. These variations could include different vesting periods, exercise prices, and eligibility criteria based on tenure or performance benchmarks. The plan may also incorporate provisions for early exercise or stock option buybacks. In summary, the Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that offers key employees the opportunity to purchase company stocks at a predetermined price. It serves as a tool to incentivize performance, retain talent, and align personal interests with the overall success of the company.

The Texas Stock Option Plan of Stewart Information Services Corp. (DISCO) for Region Managers is a unique compensation program designed to incentivize and reward key employees in leadership roles within the company's various regions in Texas. The plan offers stock options as a means of aligning the interests of Region Managers with the overall growth and success of DISCO. Through this plan, Region Managers are granted the opportunity to purchase a predetermined number of company stocks at a specified price within a certain time frame. The stock options have a vesting period, typically spread over several years, during which Region Managers have to remain employed by the company to retain their options. By granting stock options to its Region Managers, DISCO aims to create a sense of ownership and motivation among its leadership team. It encourages long-term commitment and engagement, as the value of the stock options is directly linked to the company's performance and stock market trends. Additionally, the Texas Stock Option Plan provides Region Managers with the potential for significant financial gains in the future. As the company grows and increases its stock value, employees who have accumulated vested stock options can profit from the appreciation in share prices. There may be different variations of the Texas Stock Option Plan for Region Managers, tailored to meet specific needs and circumstances. These variations could include different vesting periods, exercise prices, and eligibility criteria based on tenure or performance benchmarks. The plan may also incorporate provisions for early exercise or stock option buybacks. In summary, the Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program that offers key employees the opportunity to purchase company stocks at a predetermined price. It serves as a tool to incentivize performance, retain talent, and align personal interests with the overall success of the company.