Wisconsin Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-365B
• Format: Word; Rich Text

Description

18-365B 18-365B . . . Stock Option Plan for Region Managers under which Compensation Committee may grant Incentive and Non-qualified Stock Options to full-time key employees who are employed at time of grant as Region Managers or equivalent position. In determining number of shares subject to an option granted in any given year to a particular Region Manager, Committee shall consider whether (a) pretax profits in Region Manager's territory have increased over prior year, (b) cash received by corporation from Region Manager's territory has increased over prior year, (c) percentage of claim dollars to revenues in Region Manager's territory has decreased over prior year, (d) delinquencies have decreased or maintained at zero level from prior year, (e) market share has increased in Region Manager's territory over prior year, (f) Region Manager has made efforts to expand territory through expansion of markets and/or sale of new products, (g) Region Manager's territory complies with corporation policy relating to agency visits, audits, automation, training, and benefit participation, and (h) Region Manager incorporates corporation's goals and strategies into goals for his territory The Wisconsin Stock Option Plan of Stewart Information Services Corp. for Region Managers is a specialized employee benefit program offered by the company to its region managers based in the state of Wisconsin. This plan aims to reward and incentivize the region managers by providing them with stock options as part of their compensation package. Through the Wisconsin Stock Option Plan, region managers have the opportunity to acquire company stocks at a specified price, known as the exercise price, within a predetermined timeframe. These stock options are typically granted as part of the manager's overall compensation and are subject to certain vesting requirements, which determine when the options can be exercised by the manager. The plan is designed to align the interests of the region managers with those of the company's shareholders, as the value of the stock options is directly tied to the performance and success of Stewart Information Services Corp. This encourages the managers to work towards the long-term growth and profitability of the company, as their financial reward is directly linked to the appreciation of the company's stock. The Wisconsin Stock Option Plan for Region Managers may have different variations or types based on specific conditions and terms. These variations can include: 1. Non-Qualified Stock Options: These stock options are granted to region managers and are not eligible for preferential tax treatment. The gains realized from exercising these options are subject to ordinary income tax rates. 2. Incentive Stock Options: Certain region managers may be granted incentive stock options that provide potential tax advantages. Incentive stock options are subject to specific rules and regulations outlined in the Internal Revenue Code, including holding period requirements and potential capital gains tax treatment upon sale. 3. Performance-based Stock Options: In some cases, the Wisconsin Stock Option Plan for Region Managers may include performance-based stock options. These options are tied to specific performance metrics or goals, and their exercise is contingent upon the achievement of predetermined targets. It's important for region managers to review the terms and conditions of the Wisconsin Stock Option Plan, including vesting schedules, exercise periods, and any restrictions or limitations associated with the stock options granted to them. This information can be found in the plan documents provided by Stewart Information Services Corp. and should be carefully considered to fully understand the potential benefits and implications of participating in the plan.

The Wisconsin Stock Option Plan of Stewart Information Services Corp. for Region Managers is a specialized employee benefit program offered by the company to its region managers based in the state of Wisconsin. This plan aims to reward and incentivize the region managers by providing them with stock options as part of their compensation package. Through the Wisconsin Stock Option Plan, region managers have the opportunity to acquire company stocks at a specified price, known as the exercise price, within a predetermined timeframe. These stock options are typically granted as part of the manager's overall compensation and are subject to certain vesting requirements, which determine when the options can be exercised by the manager. The plan is designed to align the interests of the region managers with those of the company's shareholders, as the value of the stock options is directly tied to the performance and success of Stewart Information Services Corp. This encourages the managers to work towards the long-term growth and profitability of the company, as their financial reward is directly linked to the appreciation of the company's stock. The Wisconsin Stock Option Plan for Region Managers may have different variations or types based on specific conditions and terms. These variations can include: 1. Non-Qualified Stock Options: These stock options are granted to region managers and are not eligible for preferential tax treatment. The gains realized from exercising these options are subject to ordinary income tax rates. 2. Incentive Stock Options: Certain region managers may be granted incentive stock options that provide potential tax advantages. Incentive stock options are subject to specific rules and regulations outlined in the Internal Revenue Code, including holding period requirements and potential capital gains tax treatment upon sale. 3. Performance-based Stock Options: In some cases, the Wisconsin Stock Option Plan for Region Managers may include performance-based stock options. These options are tied to specific performance metrics or goals, and their exercise is contingent upon the achievement of predetermined targets. It's important for region managers to review the terms and conditions of the Wisconsin Stock Option Plan, including vesting schedules, exercise periods, and any restrictions or limitations associated with the stock options granted to them. This information can be found in the plan documents provided by Stewart Information Services Corp. and should be carefully considered to fully understand the potential benefits and implications of participating in the plan.