Orange California Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Orange
• 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 Orange California Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with equity-based incentives. This plan offers various types of stock options and awards to eligible participants, empowering them to share in the long-term success and growth of the company. One type of stock option available under the Orange California Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests grant eligible employees the right to purchase company stock at a predetermined exercise price within a specified timeframe. These options offer flexibility as they can be granted to both employees and non-employees, providing a valuable tool for incentivizing key contributors. Another type of stock option provided by the plan is the Incentive Stock Option (ISO). SOS are exclusively granted to employees and provide certain tax advantages. Employees who exercise SOS may benefit from favorable long-term capital gains tax rates if certain holding requirements are met. This type of stock option aims to encourage employees to align their interests with the long-term success of the company. Fresco, Inc.'s Orange California Stock Option and Award Plan also includes restricted stock awards. These awards typically entail the issuance of company stock to eligible participants, subject to certain restrictions. It allows employees to acquire company shares upfront, often at a discounted or nominal price. However, the shares are subject to forfeiture or restrictions that may lapse over time or upon the achievement of specified performance goals. Restricted stock unit awards (RSU) are another facet of Fresco, Inc.'s stock option and award plan. RSS grant participants the right to receive shares of company stock upon the satisfaction of specific conditions, such as the completion of a vesting period or the achievement of predetermined performance targets. Unlike stock options, RSS do not require an upfront payment or exercise price, making them a popular choice for many employees. The Orange California Stock Option and Award Plan of Fresco, Inc. serves as a vital component of the company's overall employee compensation and retention strategy. It aims to motivate and reward employees for their contributions by granting them opportunities to directly participate in the company's growth. By providing various types of stock options and awards, Fresco, Inc. fosters an environment where employees are incentivized to drive the company's success while aligning their own financial interests with that of the organization.

Orange California Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to attract and retain talented employees by providing them with equity-based incentives. This plan offers various types of stock options and awards to eligible participants, empowering them to share in the long-term success and growth of the company. One type of stock option available under the Orange California Stock Option and Award Plan is the Non-Qualified Stock Option (NO). Nests grant eligible employees the right to purchase company stock at a predetermined exercise price within a specified timeframe. These options offer flexibility as they can be granted to both employees and non-employees, providing a valuable tool for incentivizing key contributors. Another type of stock option provided by the plan is the Incentive Stock Option (ISO). SOS are exclusively granted to employees and provide certain tax advantages. Employees who exercise SOS may benefit from favorable long-term capital gains tax rates if certain holding requirements are met. This type of stock option aims to encourage employees to align their interests with the long-term success of the company. Fresco, Inc.'s Orange California Stock Option and Award Plan also includes restricted stock awards. These awards typically entail the issuance of company stock to eligible participants, subject to certain restrictions. It allows employees to acquire company shares upfront, often at a discounted or nominal price. However, the shares are subject to forfeiture or restrictions that may lapse over time or upon the achievement of specified performance goals. Restricted stock unit awards (RSU) are another facet of Fresco, Inc.'s stock option and award plan. RSS grant participants the right to receive shares of company stock upon the satisfaction of specific conditions, such as the completion of a vesting period or the achievement of predetermined performance targets. Unlike stock options, RSS do not require an upfront payment or exercise price, making them a popular choice for many employees. The Orange California Stock Option and Award Plan of Fresco, Inc. serves as a vital component of the company's overall employee compensation and retention strategy. It aims to motivate and reward employees for their contributions by granting them opportunities to directly participate in the company's growth. By providing various types of stock options and awards, Fresco, Inc. fosters an environment where employees are incentivized to drive the company's success while aligning their own financial interests with that of the organization.