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
Title: Understanding the Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. Introduction: The Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. represents a crucial aspect of the company's compensation strategy. Designed to reward employees and incentivize their performance, this plan offers various types of stock options and awards. In this article, we will delve into the details of this plan, exploring its key features, benefits, and different types of awards offered. 1. What is the Phoenix Arizona Stock Option and Award Plan? The Phoenix Arizona Stock Option and Award Plan is a comprehensive employee compensation plan established by Fresco, Inc., a prominent company in the Phoenix, Arizona area. This plan is designed to attract and retain top talent, motivate employees through performance-based rewards, and align their interests with the long-term success of the company. 2. Key Features of the Plan: a) Stock Options: Under this plan, employees are eligible to receive stock options, granting them the right to purchase company shares at a predetermined price, usually referred to as the exercise or strike price. Stock options typically have a vesting schedule, ensuring employees stay with the company for a certain period before fully owning the options. b) Stock Awards: Fresco, Inc.'s Stock Option and Award Plan may also include stock awards. Unlike stock options, these awards grant immediate ownership of company shares either as a gift or as part of specific performance criteria achieved by the employee. c) Performance-Based Awards: In addition to stock options and stock awards, Fresco, Inc. may offer performance-based awards to employees who meet or exceed specific goals or objectives outlined by the company. These awards aim to recognize exceptional performance and motivate employees to strive for excellence. 3. Types of Phoenix Arizona Stock Option and Award Plan: Fresco, Inc. may offer different variations within the Stock Option and Award Plan. While specific categories may differ based on company policies, some common types include: a) Incentive Stock Options (SOS): These stock options enjoy certain tax advantages, subject to specific conditions outlined by the Internal Revenue Service (IRS). b) Non-Qualified Stock Options (Nests): Unlike SOS, Nests don't qualify for the favorable tax treatment. However, they provide more flexibility in terms of eligibility criteria and can be customized to meet the unique requirements of employees. c) Restricted Stock Units (RSS): Rather than receiving actual shares, RSS grant employees the right to receive shares upon the fulfillment of certain vesting conditions, such as time-based or performance-based milestones. Conclusion: The Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. play a vital role in attracting, retaining, and motivating talented employees in the region. By offering various types of stock options, stock awards, and performance-based awards, this plan ensures alignment between employee efforts and the company's long-term success. Through this well-designed compensation strategy, Fresco, Inc. aims to foster a motivated and high-performing workforce, ultimately contributing to the growth and prosperity of the organization. Keywords: Phoenix Arizona, stock option, award plan, Fresco, Inc., employee compensation, stock options, stock awards, performance-based awards, SOS, Nests, RSS.
Title: Understanding the Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. Introduction: The Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. represents a crucial aspect of the company's compensation strategy. Designed to reward employees and incentivize their performance, this plan offers various types of stock options and awards. In this article, we will delve into the details of this plan, exploring its key features, benefits, and different types of awards offered. 1. What is the Phoenix Arizona Stock Option and Award Plan? The Phoenix Arizona Stock Option and Award Plan is a comprehensive employee compensation plan established by Fresco, Inc., a prominent company in the Phoenix, Arizona area. This plan is designed to attract and retain top talent, motivate employees through performance-based rewards, and align their interests with the long-term success of the company. 2. Key Features of the Plan: a) Stock Options: Under this plan, employees are eligible to receive stock options, granting them the right to purchase company shares at a predetermined price, usually referred to as the exercise or strike price. Stock options typically have a vesting schedule, ensuring employees stay with the company for a certain period before fully owning the options. b) Stock Awards: Fresco, Inc.'s Stock Option and Award Plan may also include stock awards. Unlike stock options, these awards grant immediate ownership of company shares either as a gift or as part of specific performance criteria achieved by the employee. c) Performance-Based Awards: In addition to stock options and stock awards, Fresco, Inc. may offer performance-based awards to employees who meet or exceed specific goals or objectives outlined by the company. These awards aim to recognize exceptional performance and motivate employees to strive for excellence. 3. Types of Phoenix Arizona Stock Option and Award Plan: Fresco, Inc. may offer different variations within the Stock Option and Award Plan. While specific categories may differ based on company policies, some common types include: a) Incentive Stock Options (SOS): These stock options enjoy certain tax advantages, subject to specific conditions outlined by the Internal Revenue Service (IRS). b) Non-Qualified Stock Options (Nests): Unlike SOS, Nests don't qualify for the favorable tax treatment. However, they provide more flexibility in terms of eligibility criteria and can be customized to meet the unique requirements of employees. c) Restricted Stock Units (RSS): Rather than receiving actual shares, RSS grant employees the right to receive shares upon the fulfillment of certain vesting conditions, such as time-based or performance-based milestones. Conclusion: The Phoenix Arizona Stock Option and Award Plan of Fresco, Inc. play a vital role in attracting, retaining, and motivating talented employees in the region. By offering various types of stock options, stock awards, and performance-based awards, this plan ensures alignment between employee efforts and the company's long-term success. Through this well-designed compensation strategy, Fresco, Inc. aims to foster a motivated and high-performing workforce, ultimately contributing to the growth and prosperity of the organization. Keywords: Phoenix Arizona, stock option, award plan, Fresco, Inc., employee compensation, stock options, stock awards, performance-based awards, SOS, Nests, RSS.