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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• 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 Riverside California Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation package designed to attract and retain talented employees within the organization. With a focus on motivating and rewarding exceptional performance, this plan offers various stock options and awards to eligible individuals. One of the key types of stock options offered under the Riverside California Stock Option and Award Plan is the Incentive Stock Option (ISO). These options grant employees the right to purchase company stock at a predetermined price, often referred to as the exercise price or strike price. SOS are typically offered to key employees and carry certain tax advantages, as they are subject to specific regulations outlined by the Internal Revenue Service (IRS). Another type of stock option commonly included in the plan is the Non-Qualified Stock Option (NO). Unlike SOS, Nests do not have the same tax advantages but do provide employees with the opportunity to purchase company stock. The exercise price of Nests is generally based on fair market value at the time of grant. In addition to stock options, the Riverside California Stock Option and Award Plan may also provide a range of stock awards. These awards can include Restricted Stock Units (RSS), which grant employees a right to receive company shares at a specific future date, subject to certain conditions. RSS can be used as an effective retention tool, ensuring employees remain committed to the long-term success of Fresco, Inc. Furthermore, the plan may include Performance Stock Units (Plus), which tie the granting of company stock to the achievement of specific performance goals. Plus provide employees with an opportunity to earn additional shares based on their individual or team performances. This approach aligns employee interests with the company's overall objectives, fostering a culture of accountability and excellence. Overall, the Riverside California Stock Option and Award Plan of Fresco, Inc. is a versatile compensation package that offers various types of stock options and awards. By providing employees with an opportunity to become shareholders and incentivizing exceptional performance, this plan contributes to the company's growth and success while ensuring a highly motivated workforce.

Riverside California Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation package designed to attract and retain talented employees within the organization. With a focus on motivating and rewarding exceptional performance, this plan offers various stock options and awards to eligible individuals. One of the key types of stock options offered under the Riverside California Stock Option and Award Plan is the Incentive Stock Option (ISO). These options grant employees the right to purchase company stock at a predetermined price, often referred to as the exercise price or strike price. SOS are typically offered to key employees and carry certain tax advantages, as they are subject to specific regulations outlined by the Internal Revenue Service (IRS). Another type of stock option commonly included in the plan is the Non-Qualified Stock Option (NO). Unlike SOS, Nests do not have the same tax advantages but do provide employees with the opportunity to purchase company stock. The exercise price of Nests is generally based on fair market value at the time of grant. In addition to stock options, the Riverside California Stock Option and Award Plan may also provide a range of stock awards. These awards can include Restricted Stock Units (RSS), which grant employees a right to receive company shares at a specific future date, subject to certain conditions. RSS can be used as an effective retention tool, ensuring employees remain committed to the long-term success of Fresco, Inc. Furthermore, the plan may include Performance Stock Units (Plus), which tie the granting of company stock to the achievement of specific performance goals. Plus provide employees with an opportunity to earn additional shares based on their individual or team performances. This approach aligns employee interests with the company's overall objectives, fostering a culture of accountability and excellence. Overall, the Riverside California Stock Option and Award Plan of Fresco, Inc. is a versatile compensation package that offers various types of stock options and awards. By providing employees with an opportunity to become shareholders and incentivizing exceptional performance, this plan contributes to the company's growth and success while ensuring a highly motivated workforce.