Montgomery Maryland Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Stock Option and Award Plan is a program offered by Fresco, Inc., a prominent company based in Montgomery, Maryland. This plan serves as an incentive scheme for the company's employees, allowing them to purchase shares of the company's stock at a discounted price or receive other forms of awards. Fresco, Inc. provides multiple types of stock options and award plans through their Montgomery Maryland program: 1. Employee Stock Options: This plan grants employees the right to purchase a specific number of company stocks at a predetermined price, usually lower than the market value, within a specific time frame. This allows employees to benefit from potential future stock price increases. 2. Restricted Stock Units (RSS): RSS are a form of equity-based compensation. Under this plan, employees receive a promised number of shares after a vesting period, typically based on their job performance, tenure, or achievement of specific milestones. The shares are withheld until the vesting conditions are met. 3. Performance-Based Awards: This type of award plan is designed to motivate and reward employees based on their individual or company-wide performance. It usually includes equity or cash-based incentives, such as restricted stock, stock appreciation rights, or cash bonuses. 4. Stock Appreciation Rights (SARS): SARS are a form of compensation that grants employees the right to receive financial returns based on the increase in the company's stock price over a specific period. Employees can choose to exercise SARS in cash or collect the difference between the stock's fair market value and the exercise price in shares. 5. Phantom Stock Plan: Phantom stock plans are a non-equity form of compensation that mirrors the value of company stock. Although not actual shares, employees receive a cash incentive equivalent to the stock's price appreciation over a set period. The payout typically occurs upon retirement, termination, or a predetermined date. Fresco, Inc.'s Montgomery Maryland Stock Option and Award Plan aims to attract, motivate, and retain talented employees by offering them the opportunity to share in the company's success. Such employee incentive programs can promote loyalty, increase job satisfaction, and align the interests of shareholders and employees.

Montgomery Maryland Stock Option and Award Plan is a program offered by Fresco, Inc., a prominent company based in Montgomery, Maryland. This plan serves as an incentive scheme for the company's employees, allowing them to purchase shares of the company's stock at a discounted price or receive other forms of awards. Fresco, Inc. provides multiple types of stock options and award plans through their Montgomery Maryland program: 1. Employee Stock Options: This plan grants employees the right to purchase a specific number of company stocks at a predetermined price, usually lower than the market value, within a specific time frame. This allows employees to benefit from potential future stock price increases. 2. Restricted Stock Units (RSS): RSS are a form of equity-based compensation. Under this plan, employees receive a promised number of shares after a vesting period, typically based on their job performance, tenure, or achievement of specific milestones. The shares are withheld until the vesting conditions are met. 3. Performance-Based Awards: This type of award plan is designed to motivate and reward employees based on their individual or company-wide performance. It usually includes equity or cash-based incentives, such as restricted stock, stock appreciation rights, or cash bonuses. 4. Stock Appreciation Rights (SARS): SARS are a form of compensation that grants employees the right to receive financial returns based on the increase in the company's stock price over a specific period. Employees can choose to exercise SARS in cash or collect the difference between the stock's fair market value and the exercise price in shares. 5. Phantom Stock Plan: Phantom stock plans are a non-equity form of compensation that mirrors the value of company stock. Although not actual shares, employees receive a cash incentive equivalent to the stock's price appreciation over a set period. The payout typically occurs upon retirement, termination, or a predetermined date. Fresco, Inc.'s Montgomery Maryland Stock Option and Award Plan aims to attract, motivate, and retain talented employees by offering them the opportunity to share in the company's success. Such employee incentive programs can promote loyalty, increase job satisfaction, and align the interests of shareholders and employees.