Wisconsin 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 Wisconsin Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward and retain talented employees of the company. This plan offers various types of equity-based incentives to eligible employees, providing them with the opportunity to purchase or receive shares of Fresco stock at predetermined prices. One type of stock option available under the plan is the "Non-Qualified Stock Option." These options are granted to employees at a specific exercise price, allowing them to purchase Fresco shares at a future date. Non-Qualified Stock Options offer flexibility as they provide the opportunity to buy stock at a discounted rate, potentially allowing employees to benefit from any future increase in the company's stock price. Another type of stock option offered is the "Incentive Stock Option." These options have specific tax advantages as they are qualified under the Internal Revenue Code (IRC) section 422. Incentive Stock Options typically promote long-term employee commitment and are subject to certain restrictions, such as the requirement that options must hold the shares for a specified period before selling them. In addition to stock options, the Wisconsin Stock Option and Award Plan also includes various types of awards. One such award is the "Restricted Stock Award." With a Restricted Stock Award, eligible employees receive a grant of Fresco stock, subject to certain restrictions and vesting requirements. The award may become fully vested after a predetermined period, providing employees with ownership rights and potential dividends. Another award type is the "Performance Stock Award." This award is granted based on specific performance criteria, such as achieving predetermined financial goals or other performance metrics. Performance-based awards motivate employees to exceed expectations and align their efforts with the company's overall objectives, as the value of these awards is directly linked to the company's performance. Overall, the Wisconsin Stock Option and Award Plan of Fresco, Inc. aims to attract and retain top talent by offering enticing equity-based incentives. By providing employees with the opportunity to participate in the company's growth and success, these plans play a key role in fostering a highly motivated and engaged workforce.

The Wisconsin Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward and retain talented employees of the company. This plan offers various types of equity-based incentives to eligible employees, providing them with the opportunity to purchase or receive shares of Fresco stock at predetermined prices. One type of stock option available under the plan is the "Non-Qualified Stock Option." These options are granted to employees at a specific exercise price, allowing them to purchase Fresco shares at a future date. Non-Qualified Stock Options offer flexibility as they provide the opportunity to buy stock at a discounted rate, potentially allowing employees to benefit from any future increase in the company's stock price. Another type of stock option offered is the "Incentive Stock Option." These options have specific tax advantages as they are qualified under the Internal Revenue Code (IRC) section 422. Incentive Stock Options typically promote long-term employee commitment and are subject to certain restrictions, such as the requirement that options must hold the shares for a specified period before selling them. In addition to stock options, the Wisconsin Stock Option and Award Plan also includes various types of awards. One such award is the "Restricted Stock Award." With a Restricted Stock Award, eligible employees receive a grant of Fresco stock, subject to certain restrictions and vesting requirements. The award may become fully vested after a predetermined period, providing employees with ownership rights and potential dividends. Another award type is the "Performance Stock Award." This award is granted based on specific performance criteria, such as achieving predetermined financial goals or other performance metrics. Performance-based awards motivate employees to exceed expectations and align their efforts with the company's overall objectives, as the value of these awards is directly linked to the company's performance. Overall, the Wisconsin Stock Option and Award Plan of Fresco, Inc. aims to attract and retain top talent by offering enticing equity-based incentives. By providing employees with the opportunity to participate in the company's growth and success, these plans play a key role in fostering a highly motivated and engaged workforce.