Utah 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 Utah Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to incentivize and reward region managers within the company. Through this plan, region managers are granted the opportunity to acquire company stock options, allowing them to own a stake in the organization. This not only aligns their interests with that of the company but also serves as a key retention tool. The Utah Stock Option Plan offers region managers the ability to purchase company stock at a predetermined price, known as the exercise price or strike price, over a specified period of time. These options typically have a vesting period, during which the manager must remain with the company to fully realize the benefits. Once the options are vested, the manager can choose to exercise them, converting them into actual shares of the company's stock. There may be several types or variations of the Utah Stock Option Plan, specifically tailored for region managers of Stewart Information Services Corp. Some possible variations might include: 1. Standard Stock Option Plan: This type of plan offers region managers the right to purchase company stock at a fixed price within a specified timeframe. It could have a graded vesting schedule, where a certain percentage of options become exercisable over time. 2. Performance-Based Stock Option Plan: In this type of plan, region managers' stock options are tied to specific performance goals or milestones, such as meeting revenue targets or achieving operational efficiencies. Meeting or exceeding these targets could accelerate the vesting schedule or increase the number of options granted. 3. Restricted Stock Option Plan: Instead of granting stock options, this plan provides region managers with restricted stock units (RSS) that convert into shares upon vesting. RSS typically have vesting conditions, such as remaining employed with the company for a certain period or achieving predefined goals. 4. Stock Appreciation Rights (SARS) Plan: This type of plan entitles region managers to receive the appreciation in the company's stock value, without requiring them to purchase shares. When exercised, SARS provide the region managers with a cash payment equivalent to the difference between the market value of the stock at the time of exercise and the grant price. These variations provide flexibility to meet the specific needs and objectives of the region managers, allowing them to align their financial interests with the success of Stewart Information Services Corp. As always, it's important for region managers to thoroughly review the terms, conditions, and tax implications of these stock option plans before making any decisions.

The Utah Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to incentivize and reward region managers within the company. Through this plan, region managers are granted the opportunity to acquire company stock options, allowing them to own a stake in the organization. This not only aligns their interests with that of the company but also serves as a key retention tool. The Utah Stock Option Plan offers region managers the ability to purchase company stock at a predetermined price, known as the exercise price or strike price, over a specified period of time. These options typically have a vesting period, during which the manager must remain with the company to fully realize the benefits. Once the options are vested, the manager can choose to exercise them, converting them into actual shares of the company's stock. There may be several types or variations of the Utah Stock Option Plan, specifically tailored for region managers of Stewart Information Services Corp. Some possible variations might include: 1. Standard Stock Option Plan: This type of plan offers region managers the right to purchase company stock at a fixed price within a specified timeframe. It could have a graded vesting schedule, where a certain percentage of options become exercisable over time. 2. Performance-Based Stock Option Plan: In this type of plan, region managers' stock options are tied to specific performance goals or milestones, such as meeting revenue targets or achieving operational efficiencies. Meeting or exceeding these targets could accelerate the vesting schedule or increase the number of options granted. 3. Restricted Stock Option Plan: Instead of granting stock options, this plan provides region managers with restricted stock units (RSS) that convert into shares upon vesting. RSS typically have vesting conditions, such as remaining employed with the company for a certain period or achieving predefined goals. 4. Stock Appreciation Rights (SARS) Plan: This type of plan entitles region managers to receive the appreciation in the company's stock value, without requiring them to purchase shares. When exercised, SARS provide the region managers with a cash payment equivalent to the difference between the market value of the stock at the time of exercise and the grant price. These variations provide flexibility to meet the specific needs and objectives of the region managers, allowing them to align their financial interests with the success of Stewart Information Services Corp. As always, it's important for region managers to thoroughly review the terms, conditions, and tax implications of these stock option plans before making any decisions.