Maricopa Arizona Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program designed to incentivize and reward employees of the company with stock options and awards. This plan offers various types of stock options and awards, tailored to meet the needs and objectives of the employees and the organization. One of the types of stock options available under the Maricopa Arizona Stock Option and Award Plan is the Non-Qualified Stock Option. These options provide employees with the opportunity to purchase company stock at a predetermined price within a specified exercise period. Non-Qualified Stock Options offer flexibility in terms of exercising options even before meeting specific requirements, making them a popular choice for employees seeking immediate benefits. Additionally, the plan may include Incentive Stock Options (SOS), which can be granted exclusively to key employees. SOS offer potential tax advantages, as they are subject to different tax treatment upon exercise and sale of the stock when certain conditions are met. These options are usually awarded to individuals whose contribution to the company's success is critical. Apart from stock options, the Maricopa Arizona Stock Option and Award Plan may also include Restricted Stock Awards. With Restricted Stock Awards, employees are granted company shares outright or at a discounted price, subject to certain restrictions. These restrictions typically specify a vesting period during which employees must remain employed with the company or fulfill specific performance goals before gaining full ownership of the stock. Furthermore, the plan may offer Performance Share Awards, which link the payment of bonuses or grants to predetermined performance metrics. These awards are granted based on the achievement of particular goals, such as revenue targets or profitability benchmarks, and can provide a level of motivation and alignment between employees and the organization's strategic objectives. Overall, the Maricopa Arizona Stock Option and Award Plan of Fresco, Inc. is a versatile compensation program that provides employees with different types of stock options and awards. By offering these incentives, the company aims to attract and retain exceptional talent, cultivate employee loyalty, and align employees' interests with the long-term success of the organization.

The Maricopa Arizona Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program designed to incentivize and reward employees of the company with stock options and awards. This plan offers various types of stock options and awards, tailored to meet the needs and objectives of the employees and the organization. One of the types of stock options available under the Maricopa Arizona Stock Option and Award Plan is the Non-Qualified Stock Option. These options provide employees with the opportunity to purchase company stock at a predetermined price within a specified exercise period. Non-Qualified Stock Options offer flexibility in terms of exercising options even before meeting specific requirements, making them a popular choice for employees seeking immediate benefits. Additionally, the plan may include Incentive Stock Options (SOS), which can be granted exclusively to key employees. SOS offer potential tax advantages, as they are subject to different tax treatment upon exercise and sale of the stock when certain conditions are met. These options are usually awarded to individuals whose contribution to the company's success is critical. Apart from stock options, the Maricopa Arizona Stock Option and Award Plan may also include Restricted Stock Awards. With Restricted Stock Awards, employees are granted company shares outright or at a discounted price, subject to certain restrictions. These restrictions typically specify a vesting period during which employees must remain employed with the company or fulfill specific performance goals before gaining full ownership of the stock. Furthermore, the plan may offer Performance Share Awards, which link the payment of bonuses or grants to predetermined performance metrics. These awards are granted based on the achievement of particular goals, such as revenue targets or profitability benchmarks, and can provide a level of motivation and alignment between employees and the organization's strategic objectives. Overall, the Maricopa Arizona Stock Option and Award Plan of Fresco, Inc. is a versatile compensation program that provides employees with different types of stock options and awards. By offering these incentives, the company aims to attract and retain exceptional talent, cultivate employee loyalty, and align employees' interests with the long-term success of the organization.