Cuyahoga Ohio Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Stock Option and Award Plan is a compensation program initiated by Fresco, Inc., a financial services company based in Cuyahoga, Ohio. This plan aims to incentivize and reward employees by granting them various stock options and awards based on their performance and contributions to the company's success. The Cuyahoga Ohio Stock Option and Award Plan of Fresco, Inc. consists of several types of awards and options. These include: 1. Stock Options: The company offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. These stock options usually have an expiration date, which motivates employees to perform well in order to maximize the potential value of their stock options. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation offered under the plan. Employees are granted a specific number of shares of company stock that vest over a period of time, typically subject to certain performance goals or time-based criteria. Once the vesting requirements are met, employees become the owners of the shares and can either retain or sell them. 3. Performance Shares: Performance shares are award grants that are tied to predefined performance goals or metrics. These goals can be based on the company's overall financial performance, individual performance, or key milestones. Based on the achievement of these goals, employees are granted shares of company stock. 4. Stock Appreciation Rights (SARS): SARS are a type of plan that provides employees with the opportunity to profit from the appreciation in the company's stock price. When SARS are exercised, employees receive cash or an equivalent amount of company stock, depending on the terms of the plan. The Cuyahoga Ohio Stock Option and Award Plan of Fresco, Inc. is designed to align the interests of employees with the company's shareholders, encouraging employees to actively contribute to the company's growth and success. These stock options and awards provide employees with the opportunity to participate in the company's financial performance and benefit from its value appreciation.

The Cuyahoga Ohio Stock Option and Award Plan is a compensation program initiated by Fresco, Inc., a financial services company based in Cuyahoga, Ohio. This plan aims to incentivize and reward employees by granting them various stock options and awards based on their performance and contributions to the company's success. The Cuyahoga Ohio Stock Option and Award Plan of Fresco, Inc. consists of several types of awards and options. These include: 1. Stock Options: The company offers employees the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specified time frame. These stock options usually have an expiration date, which motivates employees to perform well in order to maximize the potential value of their stock options. 2. Restricted Stock Units (RSS): RSS are another form of stock-based compensation offered under the plan. Employees are granted a specific number of shares of company stock that vest over a period of time, typically subject to certain performance goals or time-based criteria. Once the vesting requirements are met, employees become the owners of the shares and can either retain or sell them. 3. Performance Shares: Performance shares are award grants that are tied to predefined performance goals or metrics. These goals can be based on the company's overall financial performance, individual performance, or key milestones. Based on the achievement of these goals, employees are granted shares of company stock. 4. Stock Appreciation Rights (SARS): SARS are a type of plan that provides employees with the opportunity to profit from the appreciation in the company's stock price. When SARS are exercised, employees receive cash or an equivalent amount of company stock, depending on the terms of the plan. The Cuyahoga Ohio Stock Option and Award Plan of Fresco, Inc. is designed to align the interests of employees with the company's shareholders, encouraging employees to actively contribute to the company's growth and success. These stock options and awards provide employees with the opportunity to participate in the company's financial performance and benefit from its value appreciation.