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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cook
• 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 Cook Illinois is a Stock Option and Award Plan offered by Fresco, Inc., a prominent company in the financial services sector. This plan is designed to incentivize and reward employees by providing them with the opportunity to purchase company stocks at a predetermined price, known as the stock option price. Fresco, Inc. offers various types of stock options and award plans under the Cook Illinois scheme. These types include: 1. Non-Qualified Stock Options: Non-qualified stock options are a popular type of compensation plan, commonly granted to employees. They allow the employees to purchase company stocks at a specific price, usually lower than the prevailing market price. The key advantage of non-qualified stock options is their flexibility, as they are not bound by strict rules and regulations. 2. Incentive Stock Options: Incentive stock options are typically granted to key employees or executives. These options come with specific tax advantages, as they are subject to favorable tax treatment under the Internal Revenue Code. Employees who exercise their incentive stock options may be eligible for long-term capital gains treatment on the appreciation of the stock value if certain holding period requirements are met. 3. Restricted Stock Units (RSS): Restricted Stock Units are an alternative to stock options. Rather than granting the option to purchase company stocks, RSS award employees with actual shares of stock, subject to certain vesting conditions. RSS often have a vesting period during which the employee must remain employed with the company to receive the shares outright. 4. Performance-Based Stock Awards: Performance-based stock awards are another type of stock option within the Cook Illinois plan. They are granted based on predetermined performance goals, such as revenue targets or stock price milestones. If the performance goals are met, employees can receive additional stock awards as a form of recognition and reward for their contribution to the company's success. Fresco, Inc.'s Cook Illinois Stock Option and Award Plan has been established to attract and retain top talent, motivate employees, align their interests with that of the company, and foster a sense of ownership. By providing employees with the opportunity to purchase company stocks or receive stock-based awards, the plan encourages long-term commitment and dedication towards achieving the company's goals.

Cook Illinois is a Stock Option and Award Plan offered by Fresco, Inc., a prominent company in the financial services sector. This plan is designed to incentivize and reward employees by providing them with the opportunity to purchase company stocks at a predetermined price, known as the stock option price. Fresco, Inc. offers various types of stock options and award plans under the Cook Illinois scheme. These types include: 1. Non-Qualified Stock Options: Non-qualified stock options are a popular type of compensation plan, commonly granted to employees. They allow the employees to purchase company stocks at a specific price, usually lower than the prevailing market price. The key advantage of non-qualified stock options is their flexibility, as they are not bound by strict rules and regulations. 2. Incentive Stock Options: Incentive stock options are typically granted to key employees or executives. These options come with specific tax advantages, as they are subject to favorable tax treatment under the Internal Revenue Code. Employees who exercise their incentive stock options may be eligible for long-term capital gains treatment on the appreciation of the stock value if certain holding period requirements are met. 3. Restricted Stock Units (RSS): Restricted Stock Units are an alternative to stock options. Rather than granting the option to purchase company stocks, RSS award employees with actual shares of stock, subject to certain vesting conditions. RSS often have a vesting period during which the employee must remain employed with the company to receive the shares outright. 4. Performance-Based Stock Awards: Performance-based stock awards are another type of stock option within the Cook Illinois plan. They are granted based on predetermined performance goals, such as revenue targets or stock price milestones. If the performance goals are met, employees can receive additional stock awards as a form of recognition and reward for their contribution to the company's success. Fresco, Inc.'s Cook Illinois Stock Option and Award Plan has been established to attract and retain top talent, motivate employees, align their interests with that of the company, and foster a sense of ownership. By providing employees with the opportunity to purchase company stocks or receive stock-based awards, the plan encourages long-term commitment and dedication towards achieving the company's goals.