Philadelphia Pennsylvania Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation plan used by the company to provide its employees with stock options and awards. This plan is designed to incentivize and reward employees for their hard work, dedication, and contribution to the success of the company. Under the Philadelphia Pennsylvania Stock Option and Award Plan, employees are granted stock options, which give them the right to purchase a specified number of company stocks at a predetermined price within a specific timeframe. This allows employees to become partial owners of the company and benefit from its growth and success. In addition to stock options, the plan also includes various types of stock awards. These awards are given to employees as a form of recognition and encouragement for their exceptional performance and achievements. They can take the form of restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). One type of award offered under this plan is the restricted stock units (RSS). RSS are granted to employees as a promise to deliver company stock at a future date. The delivery of RSS typically occurs after a specified vesting period or upon achieving certain performance targets. RSS provide employees with an opportunity to share in the company's success once the units have vested. Performance shares are another type of award available under the plan. Performance shares are given to employees based on their performance against predetermined goals and objectives. These goals may be financial, operational, or individual performance targets set by the company. Once earned, performance shares can be converted into company stock or paid out in cash. Stock appreciation rights (SARS) are also included in the Philadelphia Pennsylvania Stock Option and Award Plan. SARS give employees the right to receive the appreciation in the value of a specified number of company shares over a predetermined period. Employees can exercise their SARS either in cash or company stock, depending on the terms specified in the plan. Overall, the Philadelphia Pennsylvania Stock Option and Award Plan of Fresco, Inc. provides a comprehensive framework for rewarding and motivating employees through stock options and awards. By offering various types of awards, the plan aligns employee interests with the company's success, fostering a sense of ownership and commitment among its workforce.

The Philadelphia Pennsylvania Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation plan used by the company to provide its employees with stock options and awards. This plan is designed to incentivize and reward employees for their hard work, dedication, and contribution to the success of the company. Under the Philadelphia Pennsylvania Stock Option and Award Plan, employees are granted stock options, which give them the right to purchase a specified number of company stocks at a predetermined price within a specific timeframe. This allows employees to become partial owners of the company and benefit from its growth and success. In addition to stock options, the plan also includes various types of stock awards. These awards are given to employees as a form of recognition and encouragement for their exceptional performance and achievements. They can take the form of restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). One type of award offered under this plan is the restricted stock units (RSS). RSS are granted to employees as a promise to deliver company stock at a future date. The delivery of RSS typically occurs after a specified vesting period or upon achieving certain performance targets. RSS provide employees with an opportunity to share in the company's success once the units have vested. Performance shares are another type of award available under the plan. Performance shares are given to employees based on their performance against predetermined goals and objectives. These goals may be financial, operational, or individual performance targets set by the company. Once earned, performance shares can be converted into company stock or paid out in cash. Stock appreciation rights (SARS) are also included in the Philadelphia Pennsylvania Stock Option and Award Plan. SARS give employees the right to receive the appreciation in the value of a specified number of company shares over a predetermined period. Employees can exercise their SARS either in cash or company stock, depending on the terms specified in the plan. Overall, the Philadelphia Pennsylvania Stock Option and Award Plan of Fresco, Inc. provides a comprehensive framework for rewarding and motivating employees through stock options and awards. By offering various types of awards, the plan aligns employee interests with the company's success, fostering a sense of ownership and commitment among its workforce.