Washington 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 Washington Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees through stock-based compensation. By providing employees with the opportunity to acquire stock options and various types of awards, the company aims to align their interests with shareholder value, retain top talent, and motivate individuals to drive the company's success. Over time, Fresco, Inc. has developed different types of stock option and award plans tailored to meet the diverse needs of its workforce. These plans may include: 1. Stock Options: The company grants eligible employees the right to purchase company stock at a pre-determined price, known as the exercise price, within a specified timeframe. This allows employees to benefit from potential stock price appreciation and participate in the company's long-term growth. 2. Restricted Stock Units (RSS): As an alternative to stock options, RSS provide employees with the opportunity to receive actual company stock once specific conditions are met, such as achieving certain performance metrics or remaining with the company for a specified period. RSS offer employees a direct ownership stake in the organization and hold value regardless of the stock's price fluctuations. 3. Performance Share Awards: These awards are contingent upon the achievement of predetermined performance goals over a defined performance period. If the objectives are met, employees may receive company stock or cash equivalents, providing a strong incentive to drive superior performance aligned with the company's strategic objectives. 4. Stock Appreciation Rights (SARS): SARS give employees the right to receive a cash payment or company stock equivalent to the increase in the value of a specified number of shares over a predetermined period. This provides employees with the opportunity to benefit from stock price appreciation without the need to purchase company shares outright. Fresco, Inc.'s Washington Stock Option and Award Plan demonstrate the company's commitment to attracting and retaining talented employees by offering diversified compensation options. By using these plans, the company aims to align employees' interests with those of shareholders and motivate individuals to contribute to the company's long-term success.

The Washington Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees through stock-based compensation. By providing employees with the opportunity to acquire stock options and various types of awards, the company aims to align their interests with shareholder value, retain top talent, and motivate individuals to drive the company's success. Over time, Fresco, Inc. has developed different types of stock option and award plans tailored to meet the diverse needs of its workforce. These plans may include: 1. Stock Options: The company grants eligible employees the right to purchase company stock at a pre-determined price, known as the exercise price, within a specified timeframe. This allows employees to benefit from potential stock price appreciation and participate in the company's long-term growth. 2. Restricted Stock Units (RSS): As an alternative to stock options, RSS provide employees with the opportunity to receive actual company stock once specific conditions are met, such as achieving certain performance metrics or remaining with the company for a specified period. RSS offer employees a direct ownership stake in the organization and hold value regardless of the stock's price fluctuations. 3. Performance Share Awards: These awards are contingent upon the achievement of predetermined performance goals over a defined performance period. If the objectives are met, employees may receive company stock or cash equivalents, providing a strong incentive to drive superior performance aligned with the company's strategic objectives. 4. Stock Appreciation Rights (SARS): SARS give employees the right to receive a cash payment or company stock equivalent to the increase in the value of a specified number of shares over a predetermined period. This provides employees with the opportunity to benefit from stock price appreciation without the need to purchase company shares outright. Fresco, Inc.'s Washington Stock Option and Award Plan demonstrate the company's commitment to attracting and retaining talented employees by offering diversified compensation options. By using these plans, the company aims to align employees' interests with those of shareholders and motivate individuals to contribute to the company's long-term success.