Utah 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 Utah Stock Option and Award Plan of Fresco, Inc. is a comprehensive program implemented by the company to incentivize and reward its employees through the granting of stock options and awards. This plan is designed to align the interests of employees with those of the company and create long-term shareholder value. Under the Utah Stock Option and Award Plan, employees are granted various types of stock-based awards, including stock options, restricted stock units (RSS), and performance-based awards. These awards serve as a means to attract, retain, and motivate talented individuals, empowering them to contribute to the company's growth and success. 1. Stock Options: Stock options are one type of award offered under the Utah Stock Option and Award Plan. These options give employees the right to purchase a specified number of shares of Fresco, Inc. stock at a predetermined price, known as the exercise price. This enables employees to share in the company's future appreciation, as they have the opportunity to buy the stock at a favorable price. 2. Restricted Stock Units (RSS): Another type of award granted under the plan is RSS. RSS represents a promise to deliver shares of Fresco, Inc. stock to employees at a future date. Unlike stock options, RSS do not require employees to make any upfront payment. Instead, once the RSS vest, employees receive the corresponding number of shares. 3. Performance-Based Awards: The Utah Stock Option and Award Plan also includes performance-based awards. These awards are tied to certain specific performance goals and metrics, such as financial targets or reaching strategic milestones. By linking awards to performance, Fresco, Inc. aims to encourage employees to focus on achieving the company's objectives and reward them accordingly. Overall, the Utah Stock Option and Award Plan plays a vital role in attracting and retaining top talent for Fresco, Inc. by offering employees the opportunity to share in the company's success. It aligns the interests of employees with shareholders, promotes long-term commitment, and motivates individuals to contribute to the company's growth and profitability.

The Utah Stock Option and Award Plan of Fresco, Inc. is a comprehensive program implemented by the company to incentivize and reward its employees through the granting of stock options and awards. This plan is designed to align the interests of employees with those of the company and create long-term shareholder value. Under the Utah Stock Option and Award Plan, employees are granted various types of stock-based awards, including stock options, restricted stock units (RSS), and performance-based awards. These awards serve as a means to attract, retain, and motivate talented individuals, empowering them to contribute to the company's growth and success. 1. Stock Options: Stock options are one type of award offered under the Utah Stock Option and Award Plan. These options give employees the right to purchase a specified number of shares of Fresco, Inc. stock at a predetermined price, known as the exercise price. This enables employees to share in the company's future appreciation, as they have the opportunity to buy the stock at a favorable price. 2. Restricted Stock Units (RSS): Another type of award granted under the plan is RSS. RSS represents a promise to deliver shares of Fresco, Inc. stock to employees at a future date. Unlike stock options, RSS do not require employees to make any upfront payment. Instead, once the RSS vest, employees receive the corresponding number of shares. 3. Performance-Based Awards: The Utah Stock Option and Award Plan also includes performance-based awards. These awards are tied to certain specific performance goals and metrics, such as financial targets or reaching strategic milestones. By linking awards to performance, Fresco, Inc. aims to encourage employees to focus on achieving the company's objectives and reward them accordingly. Overall, the Utah Stock Option and Award Plan plays a vital role in attracting and retaining top talent for Fresco, Inc. by offering employees the opportunity to share in the company's success. It aligns the interests of employees with shareholders, promotes long-term commitment, and motivates individuals to contribute to the company's growth and profitability.