Allegheny Pennsylvania Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Stock Option and Award Plan is a comprehensive program designed by Fresco, Inc., a prominent financial services company. This plan aims to provide employees of Fresco, Inc. located in Allegheny, Pennsylvania, with various stock options and awards as part of their compensation package. Under the Allegheny Pennsylvania Stock Option and Award Plan, employees are granted the opportunity to acquire shares of Fresco, Inc. stock at a predetermined price, known as the strike price. These stock options can be valuable as they allow employees to purchase company stock at a discounted price, potentially leading to financial gains if the stock value increases over time. The plan includes different types of stock options, each with its own unique features. One of the types commonly offered under the Allegheny Pennsylvania Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This type of option provides employees with the flexibility to exercise their options at any time, even before they become fully vested. Nests often have specific terms and conditions, such as expiration dates and limitations on the number of shares that can be acquired. Another type of stock option available under the plan is the Incentive Stock Option (ISO). SOS have additional tax advantages over Nests, but they come with certain restrictions. To qualify for SOS, employees must meet specific eligibility criteria, including being an employee of Fresco, Inc. for a minimum period and not owning more than a certain percentage of company stock. In addition to stock options, the Allegheny Pennsylvania Stock Option and Award Plan also includes other types of awards, such as Restricted Stock Units (RSS) and Performance-Based Awards (PBA). RSS represents a promise to deliver company stock to employees at a future date, subject to certain conditions. PBA, on the other hand, are granted based on achieving predetermined performance goals and can include cash bonuses or additional stock grants. It's important to note that the specifics of the Allegheny Pennsylvania Stock Option and Award Plan may vary depending on individual employee agreements and the company's stock performance. Employees are advised to carefully review all plan materials and consult with financial professionals to understand their rights, obligations, and potential benefits under this program. Overall, the Allegheny Pennsylvania Stock Option and Award Plan of Fresco, Inc. provides employees located in Allegheny, Pennsylvania, with a comprehensive range of stock options and awards, allowing them to participate in the company's success and potentially enhance their financial well-being.

The Allegheny Pennsylvania Stock Option and Award Plan is a comprehensive program designed by Fresco, Inc., a prominent financial services company. This plan aims to provide employees of Fresco, Inc. located in Allegheny, Pennsylvania, with various stock options and awards as part of their compensation package. Under the Allegheny Pennsylvania Stock Option and Award Plan, employees are granted the opportunity to acquire shares of Fresco, Inc. stock at a predetermined price, known as the strike price. These stock options can be valuable as they allow employees to purchase company stock at a discounted price, potentially leading to financial gains if the stock value increases over time. The plan includes different types of stock options, each with its own unique features. One of the types commonly offered under the Allegheny Pennsylvania Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This type of option provides employees with the flexibility to exercise their options at any time, even before they become fully vested. Nests often have specific terms and conditions, such as expiration dates and limitations on the number of shares that can be acquired. Another type of stock option available under the plan is the Incentive Stock Option (ISO). SOS have additional tax advantages over Nests, but they come with certain restrictions. To qualify for SOS, employees must meet specific eligibility criteria, including being an employee of Fresco, Inc. for a minimum period and not owning more than a certain percentage of company stock. In addition to stock options, the Allegheny Pennsylvania Stock Option and Award Plan also includes other types of awards, such as Restricted Stock Units (RSS) and Performance-Based Awards (PBA). RSS represents a promise to deliver company stock to employees at a future date, subject to certain conditions. PBA, on the other hand, are granted based on achieving predetermined performance goals and can include cash bonuses or additional stock grants. It's important to note that the specifics of the Allegheny Pennsylvania Stock Option and Award Plan may vary depending on individual employee agreements and the company's stock performance. Employees are advised to carefully review all plan materials and consult with financial professionals to understand their rights, obligations, and potential benefits under this program. Overall, the Allegheny Pennsylvania Stock Option and Award Plan of Fresco, Inc. provides employees located in Allegheny, Pennsylvania, with a comprehensive range of stock options and awards, allowing them to participate in the company's success and potentially enhance their financial well-being.