Middlesex Massachusetts Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of the company based in Middlesex, Massachusetts. This plan provides employees with various types of stock options and awards, resulting in a versatile and appealing compensation package. The Middlesex Massachusetts Stock Option and Award Plan offers several categories of options and awards to choose from, ensuring flexibility to accommodate diverse employee needs. Some key types of options and awards provided under this plan include: 1. Stock Options: These give employees the opportunity to purchase company stocks at a specified price, typically lower than the market value. These options are subject to vesting periods and can be exercised within a predetermined timeframe. 2. Restricted Stock Units (RSS): RSS are awards of company stock granted to employees, subject to vesting requirements. Once the vesting conditions are met, the RSS can be converted into stock shares, allowing employees to share in the company's growth. 3. Performance-based Awards: These awards are contingent upon predetermined performance criteria, such as financial targets or individual milestones. If the set goals are achieved, employees become eligible for additional stock grants or cash bonuses, promoting motivation and productivity. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock payouts based on the appreciation in the company's stock price over a specified period. It allows employees to benefit from the company's growth without the need to purchase shares. 5. Employee Stock Purchase Plan (ESPN): This plan allows employees to contribute a portion of their salary towards purchasing company stock at a discounted price, typically through payroll deductions. The ESPN encourages long-term commitment and aligns employee and shareholder interests. It is important to note that the Middlesex Massachusetts Stock Option and Award Plan's details may vary based on individual employee status, job level, years of service, and other factors. Therefore, employees are advised to review the specific terms and conditions outlined in their offer letters or plan documentation. The overall aim of this plan is to attract, retain, and motivate employees by providing them with opportunities to share in the company's success while fostering a sense of ownership and loyalty.

The Middlesex Massachusetts Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of the company based in Middlesex, Massachusetts. This plan provides employees with various types of stock options and awards, resulting in a versatile and appealing compensation package. The Middlesex Massachusetts Stock Option and Award Plan offers several categories of options and awards to choose from, ensuring flexibility to accommodate diverse employee needs. Some key types of options and awards provided under this plan include: 1. Stock Options: These give employees the opportunity to purchase company stocks at a specified price, typically lower than the market value. These options are subject to vesting periods and can be exercised within a predetermined timeframe. 2. Restricted Stock Units (RSS): RSS are awards of company stock granted to employees, subject to vesting requirements. Once the vesting conditions are met, the RSS can be converted into stock shares, allowing employees to share in the company's growth. 3. Performance-based Awards: These awards are contingent upon predetermined performance criteria, such as financial targets or individual milestones. If the set goals are achieved, employees become eligible for additional stock grants or cash bonuses, promoting motivation and productivity. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock payouts based on the appreciation in the company's stock price over a specified period. It allows employees to benefit from the company's growth without the need to purchase shares. 5. Employee Stock Purchase Plan (ESPN): This plan allows employees to contribute a portion of their salary towards purchasing company stock at a discounted price, typically through payroll deductions. The ESPN encourages long-term commitment and aligns employee and shareholder interests. It is important to note that the Middlesex Massachusetts Stock Option and Award Plan's details may vary based on individual employee status, job level, years of service, and other factors. Therefore, employees are advised to review the specific terms and conditions outlined in their offer letters or plan documentation. The overall aim of this plan is to attract, retain, and motivate employees by providing them with opportunities to share in the company's success while fostering a sense of ownership and loyalty.