Salt Lake Utah Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Stock Option and Award Plan is a program introduced by Fresco, Inc. to provide its employees with performance-based incentives. As a financial services company headquartered in Salt Lake City, Utah, Fresco, Inc. aims to attract and retain top talent by offering stock options and awards to eligible participants. This comprehensive plan is specifically designed to align the interests of employees with the long-term success of the company. By granting stock options and awards, Fresco, Inc. encourages employees to contribute their expertise and dedication towards achieving the company's strategic goals, while also providing an opportunity for them to share in the company's growth. The plan offers various types of stock options and awards to accommodate the diverse needs of eligible participants. These different options and awards aim to motivate employees at different stages of their careers and cater to varying levels of risk tolerance. 1. Stock Options: Fresco, Inc. offers both non-qualified stock options (SOS) and incentive stock options (SOS) under its plan. SOS provide flexibility in terms of exercise price and availability, allowing employees to purchase company stock at a predetermined price within a specified timeframe. SOS, on the other hand, have specific tax advantages but come with stricter conditions for eligibility and exercise. 2. Restricted Stock Units (RSS): RSS are a form of equity-based compensation granted to employees. Under this plan, eligible participants receive a certain number of RSS, which represent a potential future value of the company's stock. RSS typically vest over a period of time and convert into actual company shares upon vesting, providing employees with an ownership stake in Fresco, Inc. 3. Performance Awards: Fresco, Inc. may also grant performance-based stock awards to incentivize employees based on specific performance metrics or achieving predetermined milestones. These awards are typically tied to the company's overall performance and can provide a substantial reward to high-performing employees. The Salt Lake Utah Stock Option and Award Plan of Fresco, Inc. reflects the company's commitment to fostering employee engagement and attracting top talent in the financial industry. By providing employees with ownership opportunities and performance-based incentives, Fresco, Inc. aims to create a culture of motivation, loyalty, and shared success within the organization.

The Salt Lake Utah Stock Option and Award Plan is a program introduced by Fresco, Inc. to provide its employees with performance-based incentives. As a financial services company headquartered in Salt Lake City, Utah, Fresco, Inc. aims to attract and retain top talent by offering stock options and awards to eligible participants. This comprehensive plan is specifically designed to align the interests of employees with the long-term success of the company. By granting stock options and awards, Fresco, Inc. encourages employees to contribute their expertise and dedication towards achieving the company's strategic goals, while also providing an opportunity for them to share in the company's growth. The plan offers various types of stock options and awards to accommodate the diverse needs of eligible participants. These different options and awards aim to motivate employees at different stages of their careers and cater to varying levels of risk tolerance. 1. Stock Options: Fresco, Inc. offers both non-qualified stock options (SOS) and incentive stock options (SOS) under its plan. SOS provide flexibility in terms of exercise price and availability, allowing employees to purchase company stock at a predetermined price within a specified timeframe. SOS, on the other hand, have specific tax advantages but come with stricter conditions for eligibility and exercise. 2. Restricted Stock Units (RSS): RSS are a form of equity-based compensation granted to employees. Under this plan, eligible participants receive a certain number of RSS, which represent a potential future value of the company's stock. RSS typically vest over a period of time and convert into actual company shares upon vesting, providing employees with an ownership stake in Fresco, Inc. 3. Performance Awards: Fresco, Inc. may also grant performance-based stock awards to incentivize employees based on specific performance metrics or achieving predetermined milestones. These awards are typically tied to the company's overall performance and can provide a substantial reward to high-performing employees. The Salt Lake Utah Stock Option and Award Plan of Fresco, Inc. reflects the company's commitment to fostering employee engagement and attracting top talent in the financial industry. By providing employees with ownership opportunities and performance-based incentives, Fresco, Inc. aims to create a culture of motivation, loyalty, and shared success within the organization.