Chicago Illinois Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Stock Option and Award Plan of Fresco, Inc. The Chicago Illinois Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program aimed at attracting and retaining top talent within the company. This plan offers various types of stock options and awards to eligible employees, providing them with an opportunity to share in the company's success and further align their interests with the organization's long-term goals. One of the key types of stock options offered under this plan is the Non-Qualified Stock Option (NO). Nests grant employees the right to purchase a specific number of company shares at a predetermined exercise price within a specified period. These options provide employees with flexibility and potential financial gain as they are not subject to the same tax advantages as Incentive Stock Options (SOS). Another type of award available through this plan is the Restricted Stock Unit (RSU). RSS represents a promise to deliver company stock to employees at a future date, subject to certain conditions and vesting periods. RSS is a valuable tool for retaining employees as they offer a sense of ownership and can serve as a long-term incentive tied to the company's performance. Additionally, the Chicago Illinois Stock Option and Award Plan of Fresco, Inc. might offer Performance Stock Units (Plus). Plus are similar to RSS but are contingent upon achieving specific performance targets set by the company. These targets can include financial goals, operational milestones, or other key performance indicators that align with the company's strategic objectives. Participation in this comprehensive compensation program is typically limited to eligible employees of Fresco, Inc. Employees who meet certain criteria, such as service requirements, job classification, or performance metrics, may be eligible to participate in the plan. Details regarding eligibility, grant frequency, and vesting schedules are outlined in the official plan documents and are subject to the specific terms and conditions set forth by the company. In conclusion, the Chicago Illinois Stock Option and Award Plan of Fresco, Inc. serves as a valuable tool for attracting, motivating, and retaining talented employees. By offering various types of stock options and awards, including Nests, RSS, and potentially Plus, the plan allows eligible employees to share in the company's success and align their interests with its long-term performance objectives.

Chicago Illinois Stock Option and Award Plan of Fresco, Inc. The Chicago Illinois Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program aimed at attracting and retaining top talent within the company. This plan offers various types of stock options and awards to eligible employees, providing them with an opportunity to share in the company's success and further align their interests with the organization's long-term goals. One of the key types of stock options offered under this plan is the Non-Qualified Stock Option (NO). Nests grant employees the right to purchase a specific number of company shares at a predetermined exercise price within a specified period. These options provide employees with flexibility and potential financial gain as they are not subject to the same tax advantages as Incentive Stock Options (SOS). Another type of award available through this plan is the Restricted Stock Unit (RSU). RSS represents a promise to deliver company stock to employees at a future date, subject to certain conditions and vesting periods. RSS is a valuable tool for retaining employees as they offer a sense of ownership and can serve as a long-term incentive tied to the company's performance. Additionally, the Chicago Illinois Stock Option and Award Plan of Fresco, Inc. might offer Performance Stock Units (Plus). Plus are similar to RSS but are contingent upon achieving specific performance targets set by the company. These targets can include financial goals, operational milestones, or other key performance indicators that align with the company's strategic objectives. Participation in this comprehensive compensation program is typically limited to eligible employees of Fresco, Inc. Employees who meet certain criteria, such as service requirements, job classification, or performance metrics, may be eligible to participate in the plan. Details regarding eligibility, grant frequency, and vesting schedules are outlined in the official plan documents and are subject to the specific terms and conditions set forth by the company. In conclusion, the Chicago Illinois Stock Option and Award Plan of Fresco, Inc. serves as a valuable tool for attracting, motivating, and retaining talented employees. By offering various types of stock options and awards, including Nests, RSS, and potentially Plus, the plan allows eligible employees to share in the company's success and align their interests with its long-term performance objectives.