West Virginia 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 West Virginia Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive and enticing benefit offered to key executives within the company operating in the beautiful state of West Virginia. This stock option plan is specifically designed to attract and retain top talent in the region, providing an opportunity for region managers to participate in the company's success and drive their own financial growth. Region Managers in West Virginia are eligible for different types of stock option plans within Stewart Information Services Corp., each tailored to meet their unique needs and goals. These plans may include: 1. Performance-based Stock Option Plan: Region managers who meet or exceed predetermined performance targets are rewarded with stock options. This plan encourages exceptional performance and fosters a results-driven culture among region managers. 2. Long-term Incentive Stock Option Plan: This plan is designed to incentivize region managers to stay with the company over the long term. As region managers accumulate years of service, they are granted additional stock options, emphasizing loyalty and commitment to the organization's goals and objectives. 3. Restricted Stock Unit (RSU) Plan: Region managers may also have access to a restricted stock unit plan, where they are granted a set number of RSS. This RSS will vest over a predetermined period, ensuring that region managers have a vested interest in the company's long-term success. The West Virginia Stock Option Plan enables region managers to purchase shares of Stewart Information Services Corp. stock at a predetermined price within a specified time frame, often referred to as the vesting period. By acquiring company stocks, region managers have the potential to benefit from the appreciation in the stock's value and align their interests with those of the shareholders. Participation in the West Virginia Stock Option Plan empowers region managers to become stakeholders in the company's success, motivating them to exceed performance expectations and contribute to the overall growth and profitability of Stewart Information Services Corp. This benefit package not only rewards their valuable contributions but fosters a sense of ownership and pride in being part of a leading information services organization in West Virginia.

The West Virginia Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive and enticing benefit offered to key executives within the company operating in the beautiful state of West Virginia. This stock option plan is specifically designed to attract and retain top talent in the region, providing an opportunity for region managers to participate in the company's success and drive their own financial growth. Region Managers in West Virginia are eligible for different types of stock option plans within Stewart Information Services Corp., each tailored to meet their unique needs and goals. These plans may include: 1. Performance-based Stock Option Plan: Region managers who meet or exceed predetermined performance targets are rewarded with stock options. This plan encourages exceptional performance and fosters a results-driven culture among region managers. 2. Long-term Incentive Stock Option Plan: This plan is designed to incentivize region managers to stay with the company over the long term. As region managers accumulate years of service, they are granted additional stock options, emphasizing loyalty and commitment to the organization's goals and objectives. 3. Restricted Stock Unit (RSU) Plan: Region managers may also have access to a restricted stock unit plan, where they are granted a set number of RSS. This RSS will vest over a predetermined period, ensuring that region managers have a vested interest in the company's long-term success. The West Virginia Stock Option Plan enables region managers to purchase shares of Stewart Information Services Corp. stock at a predetermined price within a specified time frame, often referred to as the vesting period. By acquiring company stocks, region managers have the potential to benefit from the appreciation in the stock's value and align their interests with those of the shareholders. Participation in the West Virginia Stock Option Plan empowers region managers to become stakeholders in the company's success, motivating them to exceed performance expectations and contribute to the overall growth and profitability of Stewart Information Services Corp. This benefit package not only rewards their valuable contributions but fosters a sense of ownership and pride in being part of a leading information services organization in West Virginia.