Fulton Georgia Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Stock Option and Award Plan of Fresco, Inc., is a comprehensive program that encompasses various types of stock options and awards offered to employees of the company. Aimed at attracting and retaining top talent, the plan provides participants with opportunities to acquire and benefit from Fresco, Inc.'s equity. One type of stock option included in the plan is the Nonqualified Stock Option (NO). These options grant employees the right to purchase a specific number of shares at a predetermined price within a defined time frame. Nests are typically offered at fair market value and can be exercised after a vesting period, allowing employees to profit from the potential increase in share price. Another type of stock option available is the Incentive Stock Option (ISO). SOS have similar characteristics to Nests, but they come with additional tax advantages. If certain criteria are met, employees may be able to receive preferential tax treatment when exercising their SOS. Additionally, the Fulton Georgia Stock Option and Award Plan encompasses Restricted Stock Units (RSS). RSS are grants that entitle employees to a specific number of shares upon completion of a vesting period. Unlike stock options, RSS do not require any purchase, and the shares are typically delivered to participants upon vesting. Performance Stock Units (Plus) are also included in the plan. These awards are tied to the achievement of predetermined performance goals. If the goals are met, participants receive a specific number of shares. Plus motivate employees to excel, as they directly align their efforts with the company's overall performance. To ensure the plan remains competitive and aligned with market practices, it may also include Stock Appreciation Rights (SARS). SARS provide employees with the opportunity to receive cash or stock equal to the appreciation in the company's share price. Employees do not purchase SARS, and they can exercise them after a vesting period. Fresco, Inc.'s Fulton Georgia Stock Option and Award Plan is designed to reward employee performance and commitment while fostering a sense of ownership and alignment with the company's long-term goals. By offering various types of stock options and awards, the plan empowers employees to share in the company's success and contribute to its growth.

The Fulton Georgia Stock Option and Award Plan of Fresco, Inc., is a comprehensive program that encompasses various types of stock options and awards offered to employees of the company. Aimed at attracting and retaining top talent, the plan provides participants with opportunities to acquire and benefit from Fresco, Inc.'s equity. One type of stock option included in the plan is the Nonqualified Stock Option (NO). These options grant employees the right to purchase a specific number of shares at a predetermined price within a defined time frame. Nests are typically offered at fair market value and can be exercised after a vesting period, allowing employees to profit from the potential increase in share price. Another type of stock option available is the Incentive Stock Option (ISO). SOS have similar characteristics to Nests, but they come with additional tax advantages. If certain criteria are met, employees may be able to receive preferential tax treatment when exercising their SOS. Additionally, the Fulton Georgia Stock Option and Award Plan encompasses Restricted Stock Units (RSS). RSS are grants that entitle employees to a specific number of shares upon completion of a vesting period. Unlike stock options, RSS do not require any purchase, and the shares are typically delivered to participants upon vesting. Performance Stock Units (Plus) are also included in the plan. These awards are tied to the achievement of predetermined performance goals. If the goals are met, participants receive a specific number of shares. Plus motivate employees to excel, as they directly align their efforts with the company's overall performance. To ensure the plan remains competitive and aligned with market practices, it may also include Stock Appreciation Rights (SARS). SARS provide employees with the opportunity to receive cash or stock equal to the appreciation in the company's share price. Employees do not purchase SARS, and they can exercise them after a vesting period. Fresco, Inc.'s Fulton Georgia Stock Option and Award Plan is designed to reward employee performance and commitment while fostering a sense of ownership and alignment with the company's long-term goals. By offering various types of stock options and awards, the plan empowers employees to share in the company's success and contribute to its growth.