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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program designed to incentivize and reward employees of the company based on their performance and contribution to its success. This plan is tailored specifically for employees working in the Nassau, New York region. The Fresco, Inc. Stock Option and Award Plan provide employees with the opportunity to acquire company stock at a predetermined price, known as the exercise price. The stock options are granted as a form of additional compensation, allowing employees to purchase company shares at a discounted rate, usually based on the market price at the time of granting. This plan motivates employees to work towards the long-term success of Fresco, Inc. since they have a vested interest in the company's stock performance. In addition to stock options, the Fresco, Inc. Stock Option and Award Plan also includes various other types of awards. These awards recognize exceptional employee performance, loyalty, and dedication to the company. Such awards may consist of restricted stock units (RSS), performance shares, cash bonuses, or other forms of valuable remuneration. The RSU component of the plan incentivizes employees by granting them a specific number of company shares after a predetermined vesting period. The vesting period is often subject to conditions such as achieving specific performance metrics or staying with the company for a certain number of years. Once the vesting conditions are met, RSS convert into actual shares of the company's stock. Performance shares, on the other hand, are awarded based on predefined performance criteria set by the company. These criteria can range from individual performance goals to overall company performance. If an employee successfully meets or exceeds these performance targets, they are rewarded with additional shares or cash equivalents. Fresco, Inc. understands the value of its employees and their contribution to the company's overall success. Therefore, the Nassau New York Stock Option and Award Plan is designed to attract, retain, and motivate talented individuals in the Nassau, New York region. This comprehensive plan fosters a culture of high performance, innovation, and collaboration, ensuring Fresco, Inc. remains a competitive and desirable employer in the region.

The Nassau New York Stock Option and Award Plan of Fresco, Inc. is a comprehensive employee compensation program designed to incentivize and reward employees of the company based on their performance and contribution to its success. This plan is tailored specifically for employees working in the Nassau, New York region. The Fresco, Inc. Stock Option and Award Plan provide employees with the opportunity to acquire company stock at a predetermined price, known as the exercise price. The stock options are granted as a form of additional compensation, allowing employees to purchase company shares at a discounted rate, usually based on the market price at the time of granting. This plan motivates employees to work towards the long-term success of Fresco, Inc. since they have a vested interest in the company's stock performance. In addition to stock options, the Fresco, Inc. Stock Option and Award Plan also includes various other types of awards. These awards recognize exceptional employee performance, loyalty, and dedication to the company. Such awards may consist of restricted stock units (RSS), performance shares, cash bonuses, or other forms of valuable remuneration. The RSU component of the plan incentivizes employees by granting them a specific number of company shares after a predetermined vesting period. The vesting period is often subject to conditions such as achieving specific performance metrics or staying with the company for a certain number of years. Once the vesting conditions are met, RSS convert into actual shares of the company's stock. Performance shares, on the other hand, are awarded based on predefined performance criteria set by the company. These criteria can range from individual performance goals to overall company performance. If an employee successfully meets or exceeds these performance targets, they are rewarded with additional shares or cash equivalents. Fresco, Inc. understands the value of its employees and their contribution to the company's overall success. Therefore, the Nassau New York Stock Option and Award Plan is designed to attract, retain, and motivate talented individuals in the Nassau, New York region. This comprehensive plan fosters a culture of high performance, innovation, and collaboration, ensuring Fresco, Inc. remains a competitive and desirable employer in the region.