Los Angeles California Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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 Fresco, Inc. is a prestigious financial institution specializing in investment and stockbrokerage services based in Los Angeles, California. The company offers a comprehensive Stock Option and Award Plan to its employees, providing them with the opportunity to align their interests and participation in the company's growth and success. The Los Angeles California Stock Option and Award Plan of Fresco, Inc. aim to attract and retain top talent by offering various types of stock-based benefits and incentives. Some key types of plans available to employees include: 1. Stock Options: Fresco, Inc. provides employees with the option to purchase company stocks at a predetermined price, commonly known as the exercise price or strike price. These options may have specific expiration dates, encouraging long-term commitment and dedication to the company's performance. 2. Restricted Stock Awards: This type of award involves granting eligible employees a specified number of company shares at no cost. However, certain restrictions are in place, such as vesting periods or performance milestones, which must be met for the employee to fully own the stocks. This plan promotes loyalty and motivates employees to contribute to Fresco's growth and profitability. 3. Performance Share Units (Plus): Plus are awarded to employees based on predetermined performance targets, typically linked to financial metrics or key performance indicators. Once the goals are achieved, employees are granted shares of company stock. This type of award plan creates a strong performance-driven culture within the organization. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees of Fresco, Inc. to purchase company stock at a discounted price. Employees can allocate a portion of their salary towards buying the shares, enabling them to accumulate ownership in the company while benefiting from potential stock price appreciation. Fresco, Inc.'s Los Angeles California Stock Option and Award Plan serves as a vital tool in attracting, motivating, and retaining skilled professionals while aligning their interests with the company's overall success. These plans provide employees with the opportunity to share in the growth of the organization and establish a strong sense of ownership and engagement. Through these various stock option and award plans, Fresco, Inc. strives to foster a motivated and dedicated workforce, ensuring a prosperous future for the company and its employees.

Fresco, Inc. is a prestigious financial institution specializing in investment and stockbrokerage services based in Los Angeles, California. The company offers a comprehensive Stock Option and Award Plan to its employees, providing them with the opportunity to align their interests and participation in the company's growth and success. The Los Angeles California Stock Option and Award Plan of Fresco, Inc. aim to attract and retain top talent by offering various types of stock-based benefits and incentives. Some key types of plans available to employees include: 1. Stock Options: Fresco, Inc. provides employees with the option to purchase company stocks at a predetermined price, commonly known as the exercise price or strike price. These options may have specific expiration dates, encouraging long-term commitment and dedication to the company's performance. 2. Restricted Stock Awards: This type of award involves granting eligible employees a specified number of company shares at no cost. However, certain restrictions are in place, such as vesting periods or performance milestones, which must be met for the employee to fully own the stocks. This plan promotes loyalty and motivates employees to contribute to Fresco's growth and profitability. 3. Performance Share Units (Plus): Plus are awarded to employees based on predetermined performance targets, typically linked to financial metrics or key performance indicators. Once the goals are achieved, employees are granted shares of company stock. This type of award plan creates a strong performance-driven culture within the organization. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows eligible employees of Fresco, Inc. to purchase company stock at a discounted price. Employees can allocate a portion of their salary towards buying the shares, enabling them to accumulate ownership in the company while benefiting from potential stock price appreciation. Fresco, Inc.'s Los Angeles California Stock Option and Award Plan serves as a vital tool in attracting, motivating, and retaining skilled professionals while aligning their interests with the company's overall success. These plans provide employees with the opportunity to share in the growth of the organization and establish a strong sense of ownership and engagement. Through these various stock option and award plans, Fresco, Inc. strives to foster a motivated and dedicated workforce, ensuring a prosperous future for the company and its employees.