Bexar Texas Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bexar
• 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 Bexar Texas Stock Option and Award Plan is a comprehensive program implemented by Fresco, Inc. to provide its employees with stock options and awards as part of their compensation package. Designed to attract and retain talented individuals, the plan offers several types of stock options and awards to eligible employees. One of the main types of stock options within the Bexar Texas Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This type of option grants employees the right to purchase a specific number of company shares at a predetermined price within a specified time frame. Nests are normally offered as an incentive to boost employee morale and align their interests with the company's financial performance. Another form of stock options available under the plan is the Incentive Stock Option (ISO). SOS carry certain tax advantages for employees, allowing them to defer taxation until the stock is sold. These options are typically granted to key employees and are subject to specific regulations outlined in the Internal Revenue Code. Apart from stock options, the Bexar Texas Stock Option and Award Plan also comprises various award types. One such award is the Restricted Stock Unit (RSU), which represents a promise to deliver company shares to eligible employees at a later date. RSS often vest over a specific period, incentivizing employee loyalty and encouraging long-term commitment. Additionally, the plan may include Performance Share Units (Plus), which are awards granted based on predetermined performance goals. Once these goals are achieved, employees receive a specific number of company shares or their cash equivalent, reinforcing a performance-oriented culture within the organization. The Bexar Texas Stock Option and Award Plan of Fresco, Inc. creates an opportunity for employees to participate in the company's growth and success through stock-based compensation. It serves as a powerful tool to attract, motivate, and reward talented individuals while promoting a sense of ownership and alignment with Fresco's strategic objectives. Investing in such a comprehensive plan not only strengthens the bond between employees and the company but also drives overall performance and shareholder value.

The Bexar Texas Stock Option and Award Plan is a comprehensive program implemented by Fresco, Inc. to provide its employees with stock options and awards as part of their compensation package. Designed to attract and retain talented individuals, the plan offers several types of stock options and awards to eligible employees. One of the main types of stock options within the Bexar Texas Stock Option and Award Plan is the Non-Qualified Stock Option (NO). This type of option grants employees the right to purchase a specific number of company shares at a predetermined price within a specified time frame. Nests are normally offered as an incentive to boost employee morale and align their interests with the company's financial performance. Another form of stock options available under the plan is the Incentive Stock Option (ISO). SOS carry certain tax advantages for employees, allowing them to defer taxation until the stock is sold. These options are typically granted to key employees and are subject to specific regulations outlined in the Internal Revenue Code. Apart from stock options, the Bexar Texas Stock Option and Award Plan also comprises various award types. One such award is the Restricted Stock Unit (RSU), which represents a promise to deliver company shares to eligible employees at a later date. RSS often vest over a specific period, incentivizing employee loyalty and encouraging long-term commitment. Additionally, the plan may include Performance Share Units (Plus), which are awards granted based on predetermined performance goals. Once these goals are achieved, employees receive a specific number of company shares or their cash equivalent, reinforcing a performance-oriented culture within the organization. The Bexar Texas Stock Option and Award Plan of Fresco, Inc. creates an opportunity for employees to participate in the company's growth and success through stock-based compensation. It serves as a powerful tool to attract, motivate, and reward talented individuals while promoting a sense of ownership and alignment with Fresco's strategic objectives. Investing in such a comprehensive plan not only strengthens the bond between employees and the company but also drives overall performance and shareholder value.