The Virgin Islands Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive and strategic program designed to offer various types of stock-based incentives to employees or executives of the company. This plan aims to align the interests of key personnel with the long-term success and growth of Fresco, Inc., ultimately driving strong performance and shareholder value. Under this plan, Fresco, Inc. intends to provide different types of stock-based awards, derived from Virgin Islands jurisdiction laws, to eligible participants. The specific types of awards may include stock options, restricted stock units (RSS), performance-based stock units (Plus), and stock appreciation rights (SARS). 1. Stock Options: This type of award grants the employee or executive the right to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. These options provide participants with the potential for future financial gain if the stock price appreciates over time. 2. Restricted Stock Units (RSS): RSS offer employees or executives the opportunity to receive company stock upon meeting certain vesting requirements. Unlike stock options, participants do not need to purchase the stock; however, they are typically subject to a vesting period or performance conditions before the shares are fully transferred. 3. Performance-based Stock Units (Plus): Plus are awarded based on predefined performance criteria, such as achieving specific revenue targets or attaining specific financial goals, as determined by Fresco, Inc. These units vest and convert into company stock once the performance targets are met, providing participants with an additional incentive to drive the company's success. 4. Stock Appreciation Rights (SARS): SARS grant employees or executives the right to receive cash or company stock, equivalent to the appreciation in the stock price, over a specified period. This type of award allows participants to benefit from stock price appreciation without purchasing the underlying stock. The Virgin Islands Proposed Stock Option and Award Plan of Fresco, Inc. has been thoughtfully designed to incentivize and retain valuable talent within the company. It aims to motivate participants to perform at their best while aligning their interests with the growth and success of Fresco, Inc.
The Virgin Islands Proposed Stock Option and Award Plan of Fresco, Inc. is a comprehensive and strategic program designed to offer various types of stock-based incentives to employees or executives of the company. This plan aims to align the interests of key personnel with the long-term success and growth of Fresco, Inc., ultimately driving strong performance and shareholder value. Under this plan, Fresco, Inc. intends to provide different types of stock-based awards, derived from Virgin Islands jurisdiction laws, to eligible participants. The specific types of awards may include stock options, restricted stock units (RSS), performance-based stock units (Plus), and stock appreciation rights (SARS). 1. Stock Options: This type of award grants the employee or executive the right to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. These options provide participants with the potential for future financial gain if the stock price appreciates over time. 2. Restricted Stock Units (RSS): RSS offer employees or executives the opportunity to receive company stock upon meeting certain vesting requirements. Unlike stock options, participants do not need to purchase the stock; however, they are typically subject to a vesting period or performance conditions before the shares are fully transferred. 3. Performance-based Stock Units (Plus): Plus are awarded based on predefined performance criteria, such as achieving specific revenue targets or attaining specific financial goals, as determined by Fresco, Inc. These units vest and convert into company stock once the performance targets are met, providing participants with an additional incentive to drive the company's success. 4. Stock Appreciation Rights (SARS): SARS grant employees or executives the right to receive cash or company stock, equivalent to the appreciation in the stock price, over a specified period. This type of award allows participants to benefit from stock price appreciation without purchasing the underlying stock. The Virgin Islands Proposed Stock Option and Award Plan of Fresco, Inc. has been thoughtfully designed to incentivize and retain valuable talent within the company. It aims to motivate participants to perform at their best while aligning their interests with the growth and success of Fresco, Inc.
