Alameda California Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• 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 Alameda California Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize employees and align their interests with the growth and success of the company. This plan offers various types of stock options and awards to eligible individuals working for Fresco, Inc. in Alameda, California. 1. Stock Options: The Alameda California Stock Option and Award Plan may include different types of stock options, such as non-qualified stock options (SOS) and incentive stock options (SOS). SOS provide employees the opportunity to purchase company stocks at a predetermined price within a specific period, regardless of statutory requirements. On the other hand, SOS grant employees favorable tax treatment if certain holding periods and other requirements are met. 2. Restricted Stock Units (RSS): RSS are another type of award that may be part of the Alameda California Stock Option and Award Plan. With RSS, employees receive an agreed-upon number of company shares at no cost. However, the shares are subject to vesting conditions, such as a specific period of service, performance milestones, or achieving corporate goals. Once vested, employees gain ownership of the shares. 3. Performance-Based Awards: This plan may also provide performance-based awards to eligible employees. These awards are typically tied to the achievement of specific performance metrics or goals set by the company. If the predetermined targets are met, employees receive a certain number of stock units or cash bonuses. 4. Stock Appreciation Rights (SARS): SARS are another possible component of the Alameda California Stock Option and Award Plan. SARS provide employees with the right to receive the appreciation in the company's stock value over a specified period. Upon exercising the SARS, employees receive the monetary equivalent of the stock's appreciation, usually in cash or a combination of cash and stock. 5. Employee Stock Purchase Plan (ESPN): An ESPN is a potential offering of the Alameda California Stock Option and Award Plan, giving employees the opportunity to purchase company stock at a discounted price through regular payroll deductions. This encourages long-term employee engagement and allows employees to become partial owners of the company. Overall, the Alameda California Stock Option and Award Plan of Fresco, Inc. provides a range of options and awards to motivate and engage employees, fostering their commitment towards the company's success while offering potential financial benefits tied to stock performance and growth.

The Alameda California Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize employees and align their interests with the growth and success of the company. This plan offers various types of stock options and awards to eligible individuals working for Fresco, Inc. in Alameda, California. 1. Stock Options: The Alameda California Stock Option and Award Plan may include different types of stock options, such as non-qualified stock options (SOS) and incentive stock options (SOS). SOS provide employees the opportunity to purchase company stocks at a predetermined price within a specific period, regardless of statutory requirements. On the other hand, SOS grant employees favorable tax treatment if certain holding periods and other requirements are met. 2. Restricted Stock Units (RSS): RSS are another type of award that may be part of the Alameda California Stock Option and Award Plan. With RSS, employees receive an agreed-upon number of company shares at no cost. However, the shares are subject to vesting conditions, such as a specific period of service, performance milestones, or achieving corporate goals. Once vested, employees gain ownership of the shares. 3. Performance-Based Awards: This plan may also provide performance-based awards to eligible employees. These awards are typically tied to the achievement of specific performance metrics or goals set by the company. If the predetermined targets are met, employees receive a certain number of stock units or cash bonuses. 4. Stock Appreciation Rights (SARS): SARS are another possible component of the Alameda California Stock Option and Award Plan. SARS provide employees with the right to receive the appreciation in the company's stock value over a specified period. Upon exercising the SARS, employees receive the monetary equivalent of the stock's appreciation, usually in cash or a combination of cash and stock. 5. Employee Stock Purchase Plan (ESPN): An ESPN is a potential offering of the Alameda California Stock Option and Award Plan, giving employees the opportunity to purchase company stock at a discounted price through regular payroll deductions. This encourages long-term employee engagement and allows employees to become partial owners of the company. Overall, the Alameda California Stock Option and Award Plan of Fresco, Inc. provides a range of options and awards to motivate and engage employees, fostering their commitment towards the company's success while offering potential financial benefits tied to stock performance and growth.