Virgin Islands 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 Virgin Islands Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee incentive program designed to reward and motivate employees of Fresco, Inc., a renowned financial services company based in the Virgin Islands. This plan offers various types of stock options and awards to eligible employees, providing them with an opportunity to own a portion of the company and benefit from its growth. One prominent type of stock option offered under the Virgin Islands Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests are granted to employees at a predetermined exercise price, allowing them to purchase a specified number of company shares during a specific timeframe, often referred to as the vesting period. This option provides employees with the flexibility to exercise their options when it is most advantageous for them. In addition to Nests, the plan also includes Incentive Stock Options (SOS), which are another type of stock option awarded to eligible employees. SOS have certain tax advantages compared to Nests, provided certain requirements are met. These options promote long-term employee retention and enable employees to acquire shares at a favorable tax rate while benefitting from the company's growth potential. Fresco, Inc.'s Virgin Islands Stock Option and Award Plan may also include Restricted Stock Units (RSS). RSS are awards granted to employees, typically subject to a vesting schedule. Upon meeting specific performance or time-based milestones, RSS are converted into shares of company stock, allowing employees to become shareholders and benefit from the company's success over the long run. The Virgin Islands Stock Option and Award Plan of Fresco, Inc. reflects the company's commitment to retaining and attracting top talent by providing them with opportunities to share in the company's success. By offering various types of stock options and awards, Fresco, Inc. not only aligns the interests of its employees with those of the company but also motivates them to contribute to the company's growth and profitability. Keywords: Virgin Islands, Stock Option, Award Plan, Fresco, Inc., employee incentive program, stock options, Non-Qualified Stock Option, NO, Incentive Stock Options, SOS, Restricted Stock Units, RSS, employee retention, shareholder, company growth.

The Virgin Islands Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee incentive program designed to reward and motivate employees of Fresco, Inc., a renowned financial services company based in the Virgin Islands. This plan offers various types of stock options and awards to eligible employees, providing them with an opportunity to own a portion of the company and benefit from its growth. One prominent type of stock option offered under the Virgin Islands Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests are granted to employees at a predetermined exercise price, allowing them to purchase a specified number of company shares during a specific timeframe, often referred to as the vesting period. This option provides employees with the flexibility to exercise their options when it is most advantageous for them. In addition to Nests, the plan also includes Incentive Stock Options (SOS), which are another type of stock option awarded to eligible employees. SOS have certain tax advantages compared to Nests, provided certain requirements are met. These options promote long-term employee retention and enable employees to acquire shares at a favorable tax rate while benefitting from the company's growth potential. Fresco, Inc.'s Virgin Islands Stock Option and Award Plan may also include Restricted Stock Units (RSS). RSS are awards granted to employees, typically subject to a vesting schedule. Upon meeting specific performance or time-based milestones, RSS are converted into shares of company stock, allowing employees to become shareholders and benefit from the company's success over the long run. The Virgin Islands Stock Option and Award Plan of Fresco, Inc. reflects the company's commitment to retaining and attracting top talent by providing them with opportunities to share in the company's success. By offering various types of stock options and awards, Fresco, Inc. not only aligns the interests of its employees with those of the company but also motivates them to contribute to the company's growth and profitability. Keywords: Virgin Islands, Stock Option, Award Plan, Fresco, Inc., employee incentive program, stock options, Non-Qualified Stock Option, NO, Incentive Stock Options, SOS, Restricted Stock Units, RSS, employee retention, shareholder, company growth.