Kings New York Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Stock Option and Award Plan is a benefit program designed by Fresco, Inc., a prominent company in the stock market industry. This plan offers employees an opportunity to participate and benefit from the company's success by providing them with stock options and awards. Through this program, employees are granted certain rights and opportunities for acquiring and owning company stocks at a predetermined price within a specified time frame. There are various types of Kings New York Stock Option and Award Plans available to employees of Fresco, Inc. These plans provide different options and benefits tailored to individual preferences and circumstances. Here are the key types: 1. Stock Option Plan: Under this plan, eligible employees have the right to purchase a specific number of company shares at a predetermined strike price. This typically occurs over a certain period, allowing employees to potentially benefit from increases in the company's stock price. 2. Restricted Stock Award Plan: In this type of plan, eligible employees are granted a specified number of shares of Fresco, Inc. stock, subject to certain restrictions and conditions. These restrictions often include vesting periods, performance goals, or a combination of both. 3. Performance Share Award Plan: This plan is designed to reward employees based on specific performance criteria determined by the company's management. Eligible employees are granted shares of company stock upon achieving or surpassing predetermined performance targets. This encourages and incentivizes employees to drive the company's growth and success. 4. Stock Appreciation Rights (SARS) Plan: SARS provide employees with the opportunity to receive cash or company stock, equivalent to the appreciation in the value of a certain number of shares over a predetermined period. Employees do not need to purchase the stock, but they benefit from its increased value. Fresco, Inc.'s Kings New York Stock Option and Award Plans aim to attract and motivate talented individuals, aligning their interests with shareholders' goals. By offering different plan types, employees can choose the option that best suits their investment preferences and overall financial objectives. These plans contribute to building a committed and motivated workforce while fostering a sense of ownership within the company.

The Kings New York Stock Option and Award Plan is a benefit program designed by Fresco, Inc., a prominent company in the stock market industry. This plan offers employees an opportunity to participate and benefit from the company's success by providing them with stock options and awards. Through this program, employees are granted certain rights and opportunities for acquiring and owning company stocks at a predetermined price within a specified time frame. There are various types of Kings New York Stock Option and Award Plans available to employees of Fresco, Inc. These plans provide different options and benefits tailored to individual preferences and circumstances. Here are the key types: 1. Stock Option Plan: Under this plan, eligible employees have the right to purchase a specific number of company shares at a predetermined strike price. This typically occurs over a certain period, allowing employees to potentially benefit from increases in the company's stock price. 2. Restricted Stock Award Plan: In this type of plan, eligible employees are granted a specified number of shares of Fresco, Inc. stock, subject to certain restrictions and conditions. These restrictions often include vesting periods, performance goals, or a combination of both. 3. Performance Share Award Plan: This plan is designed to reward employees based on specific performance criteria determined by the company's management. Eligible employees are granted shares of company stock upon achieving or surpassing predetermined performance targets. This encourages and incentivizes employees to drive the company's growth and success. 4. Stock Appreciation Rights (SARS) Plan: SARS provide employees with the opportunity to receive cash or company stock, equivalent to the appreciation in the value of a certain number of shares over a predetermined period. Employees do not need to purchase the stock, but they benefit from its increased value. Fresco, Inc.'s Kings New York Stock Option and Award Plans aim to attract and motivate talented individuals, aligning their interests with shareholders' goals. By offering different plan types, employees can choose the option that best suits their investment preferences and overall financial objectives. These plans contribute to building a committed and motivated workforce while fostering a sense of ownership within the company.