West Virginia 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 West Virginia Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward and motivate employees of the company. This plan offers various forms of stock options and awards to eligible participants, allowing them to acquire and potentially profit from Fresco's stock. One type of stock option available under this plan is the "Non-Qualified Stock Option." These options grant employees the right to purchase a specified number of shares of Fresco's common stock at a predetermined price within a defined period. Non-Qualified Stock Options provide flexibility in terms of exercise price and timing, making them a valuable component of the company's compensation package. Another type of stock option offered is the "Incentive Stock Option." Unlike non-qualified options, these options enjoy certain tax advantages. Incentive Stock Options give employees the opportunity to purchase shares at a predetermined price within a specified timeframe while potentially benefiting from favorable tax treatment upon exercise and sale of the stock. In addition to stock options, the plan may also include other forms of awards such as restricted stock units (RSS), performance shares, and performance units. These awards serve as enticements for participants to drive company success and align their efforts with shareholder interests. RSS, for example, grant employees the right to receive shares of Fresco's stock at a specified future date or upon achievement of certain performance goals. Participation in the West Virginia Stock Option and Award Plan is typically restricted to eligible employees, directors, and consultants of Fresco, Inc. The plan aims to attract and retain top talent, fostering a sense of ownership and commitment among participants. Keywords: West Virginia Stock Option and Award Plan, Fresco, Inc., incentive program, stock options, awards, Non-Qualified Stock Option, Incentive Stock Option, restricted stock units, performance shares, performance units, eligible participants, compensation package, exercise price, tax advantages, shareholder interests, top talent.

The West Virginia Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward and motivate employees of the company. This plan offers various forms of stock options and awards to eligible participants, allowing them to acquire and potentially profit from Fresco's stock. One type of stock option available under this plan is the "Non-Qualified Stock Option." These options grant employees the right to purchase a specified number of shares of Fresco's common stock at a predetermined price within a defined period. Non-Qualified Stock Options provide flexibility in terms of exercise price and timing, making them a valuable component of the company's compensation package. Another type of stock option offered is the "Incentive Stock Option." Unlike non-qualified options, these options enjoy certain tax advantages. Incentive Stock Options give employees the opportunity to purchase shares at a predetermined price within a specified timeframe while potentially benefiting from favorable tax treatment upon exercise and sale of the stock. In addition to stock options, the plan may also include other forms of awards such as restricted stock units (RSS), performance shares, and performance units. These awards serve as enticements for participants to drive company success and align their efforts with shareholder interests. RSS, for example, grant employees the right to receive shares of Fresco's stock at a specified future date or upon achievement of certain performance goals. Participation in the West Virginia Stock Option and Award Plan is typically restricted to eligible employees, directors, and consultants of Fresco, Inc. The plan aims to attract and retain top talent, fostering a sense of ownership and commitment among participants. Keywords: West Virginia Stock Option and Award Plan, Fresco, Inc., incentive program, stock options, awards, Non-Qualified Stock Option, Incentive Stock Option, restricted stock units, performance shares, performance units, eligible participants, compensation package, exercise price, tax advantages, shareholder interests, top talent.