Virginia 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 Virginia Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to reward employees and enhance their long-term commitment and performance. This plan is specifically tailored to comply with the specific regulations and requirements of the state of Virginia. Under this plan, employees are granted stock options and awards as a form of compensation. These stock options and awards provide employees with the opportunity to purchase a certain number of company shares at a predetermined price within a specified period. By granting stock options, Fresco, Inc. aims to align the interests of its employees with the company's shareholders, fostering a sense of ownership and motivation to drive the company's growth. The Virginia Stock Option and Award Plan of Fresco, Inc. offers various types of stock options and awards to cater to different employee positions and levels within the organization. The plan may include: 1. Incentive Stock Options (SOS): SOS are one type of stock option available under the plan that can offer tax advantages to employees. These options are typically granted to key employees and provide the right to purchase company shares at a favorable price. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option offered by Fresco, Inc. This type of option doesn't qualify for the same tax benefits as SOS but offers more flexibility in terms of granting options to a wider range of employees. 3. Restricted Stock Units (RSS): RSS are a form of award provided by Fresco, Inc. instead of stock options. RSS grant employees a specific number of company shares, typically subject to a vesting schedule or performance conditions. Once vested, employees receive the shares directly, giving them direct ownership. 4. Performance Stock Units (Plus): Plus are another type of award granted by Fresco, Inc. These awards are subject to certain performance metrics or goals set by the company. If the performance targets are met, employees receive a specified number of company shares as a reward. The Virginia Stock Option and Award Plan of Fresco, Inc. is designed to attract and retain talented individuals, incentivize exceptional performance, and align employee interests with the company's success. By offering different types of stock options and awards, the plan ensures a flexible and customized approach to compensating employees based on their roles, responsibilities, and seniority.

The Virginia Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to reward employees and enhance their long-term commitment and performance. This plan is specifically tailored to comply with the specific regulations and requirements of the state of Virginia. Under this plan, employees are granted stock options and awards as a form of compensation. These stock options and awards provide employees with the opportunity to purchase a certain number of company shares at a predetermined price within a specified period. By granting stock options, Fresco, Inc. aims to align the interests of its employees with the company's shareholders, fostering a sense of ownership and motivation to drive the company's growth. The Virginia Stock Option and Award Plan of Fresco, Inc. offers various types of stock options and awards to cater to different employee positions and levels within the organization. The plan may include: 1. Incentive Stock Options (SOS): SOS are one type of stock option available under the plan that can offer tax advantages to employees. These options are typically granted to key employees and provide the right to purchase company shares at a favorable price. 2. Non-Qualified Stock Options (Nests): Nests are another type of stock option offered by Fresco, Inc. This type of option doesn't qualify for the same tax benefits as SOS but offers more flexibility in terms of granting options to a wider range of employees. 3. Restricted Stock Units (RSS): RSS are a form of award provided by Fresco, Inc. instead of stock options. RSS grant employees a specific number of company shares, typically subject to a vesting schedule or performance conditions. Once vested, employees receive the shares directly, giving them direct ownership. 4. Performance Stock Units (Plus): Plus are another type of award granted by Fresco, Inc. These awards are subject to certain performance metrics or goals set by the company. If the performance targets are met, employees receive a specified number of company shares as a reward. The Virginia Stock Option and Award Plan of Fresco, Inc. is designed to attract and retain talented individuals, incentivize exceptional performance, and align employee interests with the company's success. By offering different types of stock options and awards, the plan ensures a flexible and customized approach to compensating employees based on their roles, responsibilities, and seniority.