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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Stock Option and Award Plan of Fresco, Inc. The Collin Texas Stock Option and Award Plan is an employee benefit program offered by Fresco, Inc., a reputable company based in Collin County, Texas. This plan allows eligible employees to acquire stock options and awards as part of their compensation package. These options and awards provide employees the opportunity to benefit from the success and growth of Fresco, Inc. There are several types of stock options and awards available under the Collin Texas Stock Option and Award Plan: 1. Stock Options: These are grants that give employees the right to purchase a certain number of shares of Fresco, Inc.'s common stock at a predetermined price, known as the exercise price. Stock options typically have a vesting period, during which employees must wait before exercising their options. Once vested, employees can choose to exercise their options, which means purchasing the allocated shares at the current market price. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation offered under the plan. Employees receive these units as a promise to grant them actual shares of Fresco, Inc.'s stock at a future date. RSS typically have a vesting schedule that determines when the shares will be granted to the employee. 3. Performance Shares: Performance shares are awards given to employees based on specific performance criteria set by Fresco, Inc. These criteria may include financial targets or meeting certain business goals. Depending on the company's performance against these objectives, employees may receive a predetermined number of shares as an award. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from any increase in the company's stock price over a specific period. Employees are granted a certain number of rights, and when exercised, they receive the appreciation in value between the grant price and the market price at the time of exercise. The Collin Texas Stock Option and Award Plan is designed to attract and retain talented employees by offering them a stake in the company's success. It also aligns employee interests with those of the shareholders, fostering a sense of ownership and motivation to contribute to Fresco, Inc.'s growth. Disclaimer: The information provided here is a summary of the Collin Texas Stock Option and Award Plan of Fresco, Inc. For detailed and accurate information, please refer to the official plan documents or consult with the company's HR department.

Collin Texas Stock Option and Award Plan of Fresco, Inc. The Collin Texas Stock Option and Award Plan is an employee benefit program offered by Fresco, Inc., a reputable company based in Collin County, Texas. This plan allows eligible employees to acquire stock options and awards as part of their compensation package. These options and awards provide employees the opportunity to benefit from the success and growth of Fresco, Inc. There are several types of stock options and awards available under the Collin Texas Stock Option and Award Plan: 1. Stock Options: These are grants that give employees the right to purchase a certain number of shares of Fresco, Inc.'s common stock at a predetermined price, known as the exercise price. Stock options typically have a vesting period, during which employees must wait before exercising their options. Once vested, employees can choose to exercise their options, which means purchasing the allocated shares at the current market price. 2. Restricted Stock Units (RSS): RSS are another form of equity compensation offered under the plan. Employees receive these units as a promise to grant them actual shares of Fresco, Inc.'s stock at a future date. RSS typically have a vesting schedule that determines when the shares will be granted to the employee. 3. Performance Shares: Performance shares are awards given to employees based on specific performance criteria set by Fresco, Inc. These criteria may include financial targets or meeting certain business goals. Depending on the company's performance against these objectives, employees may receive a predetermined number of shares as an award. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to benefit from any increase in the company's stock price over a specific period. Employees are granted a certain number of rights, and when exercised, they receive the appreciation in value between the grant price and the market price at the time of exercise. The Collin Texas Stock Option and Award Plan is designed to attract and retain talented employees by offering them a stake in the company's success. It also aligns employee interests with those of the shareholders, fostering a sense of ownership and motivation to contribute to Fresco, Inc.'s growth. Disclaimer: The information provided here is a summary of the Collin Texas Stock Option and Award Plan of Fresco, Inc. For detailed and accurate information, please refer to the official plan documents or consult with the company's HR department.