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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Option and Award Plan is a comprehensive compensation program introduced by Fresco, Inc. It offers various types of stock options and awards to its employees, ensuring they are rewarded for their performance and incentivized to create value for the company. The plan encourages employee retention and facilitates wealth creation for participants. Under the Harris Texas Stock Option and Award Plan, employees are granted stock options, which allow them to purchase company stock at a predetermined price, known as the exercise price. These options usually have a specific vesting period, which means employees can only exercise their options after a certain period of employment with the company, ensuring stability and loyalty. Apart from stock options, the plan also includes different types of awards designed to motivate and recognize employees. These awards may include restricted stock units (RSS), performance-based stock units, or stock appreciation rights (SARS). Restricted stock units (RSS) are grants that entitle employees to receive company stock once certain conditions are met. These conditions typically relate to time-based vesting or achieving predetermined performance targets. RSS encourages long-term commitment and align employee interests with company success. Performance-based stock units are awarded based on predetermined performance objectives, such as revenue growth, profitability targets, or market share expansion. These awards motivate employees to strive for exceptional performance and contribute to the company's overall growth. Stock appreciation rights (SARS) provide employees with the opportunity to benefit from the appreciation in the company's stock value over a specified period. SARS grant employees the right to receive either cash or stock equivalent to the increase in the stock price between the grant date and the exercise date. This type of award aligns employee incentives with shareholder value appreciation. The Harris Texas Stock Option and Award Plan of Fresco, Inc. is carefully designed to attract and retain top talent, align employee interests with those of shareholders, and provide employees with the opportunity to share in the company's success. By offering a mix of stock options, RSS, performance-based awards, and SARS, the plan aims to create a mutually beneficial relationship between employees and the organization.

The Harris Texas Stock Option and Award Plan is a comprehensive compensation program introduced by Fresco, Inc. It offers various types of stock options and awards to its employees, ensuring they are rewarded for their performance and incentivized to create value for the company. The plan encourages employee retention and facilitates wealth creation for participants. Under the Harris Texas Stock Option and Award Plan, employees are granted stock options, which allow them to purchase company stock at a predetermined price, known as the exercise price. These options usually have a specific vesting period, which means employees can only exercise their options after a certain period of employment with the company, ensuring stability and loyalty. Apart from stock options, the plan also includes different types of awards designed to motivate and recognize employees. These awards may include restricted stock units (RSS), performance-based stock units, or stock appreciation rights (SARS). Restricted stock units (RSS) are grants that entitle employees to receive company stock once certain conditions are met. These conditions typically relate to time-based vesting or achieving predetermined performance targets. RSS encourages long-term commitment and align employee interests with company success. Performance-based stock units are awarded based on predetermined performance objectives, such as revenue growth, profitability targets, or market share expansion. These awards motivate employees to strive for exceptional performance and contribute to the company's overall growth. Stock appreciation rights (SARS) provide employees with the opportunity to benefit from the appreciation in the company's stock value over a specified period. SARS grant employees the right to receive either cash or stock equivalent to the increase in the stock price between the grant date and the exercise date. This type of award aligns employee incentives with shareholder value appreciation. The Harris Texas Stock Option and Award Plan of Fresco, Inc. is carefully designed to attract and retain top talent, align employee interests with those of shareholders, and provide employees with the opportunity to share in the company's success. By offering a mix of stock options, RSS, performance-based awards, and SARS, the plan aims to create a mutually beneficial relationship between employees and the organization.