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 Wyoming Stock Option and Award Plan is a comprehensive employee compensation program implemented by Fresco, Inc., a reputed company based in Wyoming. This plan enables Fresco to provide its employees with stock options and various award benefits to attract, retain, and motivate talented professionals. Under the Wyoming Stock Option and Award Plan, employees are granted the opportunity to acquire company stocks at a predetermined price, known as the exercise price. These stock options can typically be exercised after a specified vesting period, during which employees have to remain with the company to enjoy the benefits fully. As for the different types of Wyoming Stock Option and Award Plans offered by Fresco, Inc., they may include: 1. Incentive Stock Option (ISO): This option, granted exclusively to employees, has favorable tax treatment. To qualify for SOS, certain guidelines established by the Internal Revenue Service (IRS) must be met. 2. Non-Qualified Stock Option (NO): Unlike SOS, Nests are not subject to the same tax advantages but offer companies greater flexibility in terms of granting options to a wider range of employees, such as consultants and non-employee directors. 3. Performance-Based Stock Options: These options are granted based on meeting pre-determined performance goals, such as achieving certain revenue or profit targets. Performance-based options aim to align the interests of employees with the company's overall performance. 4. Restricted Stock Units (RSS): RSS are awards, not options, that grant employees ownership in the company's stock upon vesting. Vesting typically occurs after certain conditions are met, such as remaining with the company for a specific period or achieving predetermined goals. 5. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the increase in the stock's value over a specific period. Employees do not directly own company shares, but receive the appreciation in cash or additional stock. Fresco, Inc.'s Wyoming Stock Option and Award Plan is designed not only to attract and retain top talent but also to align employees' interests with the company's long-term success. With various types of awards and options available, employees can participate in the company's growth and potential financial rewards.
The Wyoming Stock Option and Award Plan is a comprehensive employee compensation program implemented by Fresco, Inc., a reputed company based in Wyoming. This plan enables Fresco to provide its employees with stock options and various award benefits to attract, retain, and motivate talented professionals. Under the Wyoming Stock Option and Award Plan, employees are granted the opportunity to acquire company stocks at a predetermined price, known as the exercise price. These stock options can typically be exercised after a specified vesting period, during which employees have to remain with the company to enjoy the benefits fully. As for the different types of Wyoming Stock Option and Award Plans offered by Fresco, Inc., they may include: 1. Incentive Stock Option (ISO): This option, granted exclusively to employees, has favorable tax treatment. To qualify for SOS, certain guidelines established by the Internal Revenue Service (IRS) must be met. 2. Non-Qualified Stock Option (NO): Unlike SOS, Nests are not subject to the same tax advantages but offer companies greater flexibility in terms of granting options to a wider range of employees, such as consultants and non-employee directors. 3. Performance-Based Stock Options: These options are granted based on meeting pre-determined performance goals, such as achieving certain revenue or profit targets. Performance-based options aim to align the interests of employees with the company's overall performance. 4. Restricted Stock Units (RSS): RSS are awards, not options, that grant employees ownership in the company's stock upon vesting. Vesting typically occurs after certain conditions are met, such as remaining with the company for a specific period or achieving predetermined goals. 5. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the increase in the stock's value over a specific period. Employees do not directly own company shares, but receive the appreciation in cash or additional stock. Fresco, Inc.'s Wyoming Stock Option and Award Plan is designed not only to attract and retain top talent but also to align employees' interests with the company's long-term success. With various types of awards and options available, employees can participate in the company's growth and potential financial rewards.