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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Houston
• 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 Houston Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company through stock options and various award plans. This plan plays a crucial role in attracting and retaining talented professionals in the dynamic business landscape of Houston, Texas. Fresco, Inc. offers different types of stock options and award plans to its employees in Houston, Texas. These plans aim to align the interests of employees with the long-term success of the company while promoting transparency and accountability. Here are some of the notable types of stock options and award plans offered by Fresco, Inc: 1. Stock Options: The stock option plan allows eligible employees to purchase a specific number of company shares at a predetermined price within a specified timeframe. This empowers employees to become stakeholders in the company, benefiting from the potential growth of Fresco, Inc. This type of plan is an excellent opportunity for employees to build wealth as the company progresses. 2. Performance-Based Awards: Fresco, Inc. recognizes exceptional performance by granting performance-based awards to its employees in Houston, Texas. Employees who meet or exceed predetermined performance targets or contribute significantly to the company's success may receive these awards. These awards can be in the form of additional shares, cash bonuses, or performance-based bonuses, fostering a culture of excellence and driving employee motivation. 3. Restricted Stock Units (RSS): RSS are another component of the Houston Texas Stock Option and Award Plan of Fresco, Inc. RSS grant eligible employees units of company stock, subject to specific vesting conditions, such as time-based milestones or achievement of performance goals. These units convert into actual shares upon meeting the vesting criteria, giving employees a sense of ownership and loyalty towards the company. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or shares equivalent to the appreciation in the company's stock value within a certain period. This type of award allows employees to benefit from Fresco, Inc.'s stock price growth without the need for upfront investment or purchasing stock options. SARS serve as a valuable tool to reward employees for their contributions and align their interests with the company's financial performance. Through the Houston Texas Stock Option and Award Plan, Fresco, Inc. aims to motivate its employees in Houston, Texas, by offering attractive rewards that reflect their efforts and dedication. These plans enable employees to share in the company's success, fostering a sense of ownership and commitment. By implementing diverse stock options and award plans, Fresco, Inc. recognizes the unique needs and aspirations of its employees in Houston, Texas, contributing to the overall growth and success of the company.

The Houston Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of the company through stock options and various award plans. This plan plays a crucial role in attracting and retaining talented professionals in the dynamic business landscape of Houston, Texas. Fresco, Inc. offers different types of stock options and award plans to its employees in Houston, Texas. These plans aim to align the interests of employees with the long-term success of the company while promoting transparency and accountability. Here are some of the notable types of stock options and award plans offered by Fresco, Inc: 1. Stock Options: The stock option plan allows eligible employees to purchase a specific number of company shares at a predetermined price within a specified timeframe. This empowers employees to become stakeholders in the company, benefiting from the potential growth of Fresco, Inc. This type of plan is an excellent opportunity for employees to build wealth as the company progresses. 2. Performance-Based Awards: Fresco, Inc. recognizes exceptional performance by granting performance-based awards to its employees in Houston, Texas. Employees who meet or exceed predetermined performance targets or contribute significantly to the company's success may receive these awards. These awards can be in the form of additional shares, cash bonuses, or performance-based bonuses, fostering a culture of excellence and driving employee motivation. 3. Restricted Stock Units (RSS): RSS are another component of the Houston Texas Stock Option and Award Plan of Fresco, Inc. RSS grant eligible employees units of company stock, subject to specific vesting conditions, such as time-based milestones or achievement of performance goals. These units convert into actual shares upon meeting the vesting criteria, giving employees a sense of ownership and loyalty towards the company. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or shares equivalent to the appreciation in the company's stock value within a certain period. This type of award allows employees to benefit from Fresco, Inc.'s stock price growth without the need for upfront investment or purchasing stock options. SARS serve as a valuable tool to reward employees for their contributions and align their interests with the company's financial performance. Through the Houston Texas Stock Option and Award Plan, Fresco, Inc. aims to motivate its employees in Houston, Texas, by offering attractive rewards that reflect their efforts and dedication. These plans enable employees to share in the company's success, fostering a sense of ownership and commitment. By implementing diverse stock options and award plans, Fresco, Inc. recognizes the unique needs and aspirations of its employees in Houston, Texas, contributing to the overall growth and success of the company.