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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Option and Award Plan is a comprehensive compensation program established by Fresco, Inc., a prominent company based in Franklin, Ohio. This plan aims to incentivize employees and retain top talent by offering them various stock options and awards. Under this plan, Fresco, Inc. provides its employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. This stock option acts as a bridge between the company's success and the individual's financial growth. Employees can exercise their options after a specified vesting period, allowing them to buy shares and potentially profit from any future increases in the company's stock price. Fresco, Inc. offers several types of stock options and awards through the Franklin Ohio Stock Option and Award Plan. These include: 1. Non-Qualified Stock Options: These options are only available to selected employees and do not qualify for special tax treatment. Employees can purchase company stocks at the exercise price determined at the grant date. 2. Incentive Stock Options: Designed to reward key employees and provide them with favorable tax treatment, incentive stock options allow employees to purchase company stocks at market value on the grant date or at a discounted price. 3. Restricted Stock Units (RSS): Employees are granted RSS as a form of compensation. Unlike stock options, RSS do not require any upfront payment. After a specific vesting period, employees receive actual company shares instead of the option to purchase them. 4. Performance-Based Stock Options: These options are granted based on predetermined performance goals, encouraging employees to achieve specific milestones or meet financial targets. Once the goals are met, employees can exercise their options. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equal to the appreciation in the company's stock price over a certain period. This incentivizes employees to contribute to the company's growth. Overall, the Franklin Ohio Stock Option and Award Plan of Fresco, Inc. offers various types of stock options and awards to motivate and reward employees. By aligning the interests of the employees with the company's performance, this plan promotes loyalty and contributes to the overall success of Fresco, Inc.

The Franklin Ohio Stock Option and Award Plan is a comprehensive compensation program established by Fresco, Inc., a prominent company based in Franklin, Ohio. This plan aims to incentivize employees and retain top talent by offering them various stock options and awards. Under this plan, Fresco, Inc. provides its employees with the opportunity to purchase company stocks at a predetermined price, known as the exercise price. This stock option acts as a bridge between the company's success and the individual's financial growth. Employees can exercise their options after a specified vesting period, allowing them to buy shares and potentially profit from any future increases in the company's stock price. Fresco, Inc. offers several types of stock options and awards through the Franklin Ohio Stock Option and Award Plan. These include: 1. Non-Qualified Stock Options: These options are only available to selected employees and do not qualify for special tax treatment. Employees can purchase company stocks at the exercise price determined at the grant date. 2. Incentive Stock Options: Designed to reward key employees and provide them with favorable tax treatment, incentive stock options allow employees to purchase company stocks at market value on the grant date or at a discounted price. 3. Restricted Stock Units (RSS): Employees are granted RSS as a form of compensation. Unlike stock options, RSS do not require any upfront payment. After a specific vesting period, employees receive actual company shares instead of the option to purchase them. 4. Performance-Based Stock Options: These options are granted based on predetermined performance goals, encouraging employees to achieve specific milestones or meet financial targets. Once the goals are met, employees can exercise their options. 5. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or company stock equal to the appreciation in the company's stock price over a certain period. This incentivizes employees to contribute to the company's growth. Overall, the Franklin Ohio Stock Option and Award Plan of Fresco, Inc. offers various types of stock options and awards to motivate and reward employees. By aligning the interests of the employees with the company's performance, this plan promotes loyalty and contributes to the overall success of Fresco, Inc.