San Antonio Texas Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company with stock options and various awards. This plan is formulated to attract, retain, and motivate top talent by aligning their interests with the long-term success and growth of Fresco, Inc. Under the San Antonio Texas Stock Option and Award Plan, employees are granted stock options, which give them the right to purchase a specific number of company shares at a predetermined price within a specified time frame. These options help employees become shareholders and benefit from the future appreciation of the company's stock value. The plan is intended to create a sense of ownership and align employee interests with the company's performance. There are different types of stock options and awards available within the San Antonio Texas Stock Option and Award Plan, including: 1. Non-Qualified Stock Options: These stock options are available to employees without any specific tax advantages. Employees are granted the flexibility to exercise these options at their discretion, allowing them to benefit from future stock price increases. 2. Incentive Stock Options: These stock options are designed to meet certain tax criteria specified by the Internal Revenue Code. They offer potentially favorable tax treatment for employees, but have specific compliance requirements that must be met. 3. Restricted Stock Awards: In addition to stock options, the plan may also include restricted stock awards. These awards provide employees with actual shares of company stock, subject to certain restrictions such as vesting requirements or performance conditions. Once the restrictions are met, employees have full ownership rights and can benefit from the stock's future appreciation. Through the San Antonio Texas Stock Option and Award Plan, Fresco, Inc. aims to create a culture of performance, reward excellence, and retain top talent. The plan demonstrates the company's commitment to aligning employee interests with shareholder value, thereby fostering a collaborative and success-driven environment.

The San Antonio Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company with stock options and various awards. This plan is formulated to attract, retain, and motivate top talent by aligning their interests with the long-term success and growth of Fresco, Inc. Under the San Antonio Texas Stock Option and Award Plan, employees are granted stock options, which give them the right to purchase a specific number of company shares at a predetermined price within a specified time frame. These options help employees become shareholders and benefit from the future appreciation of the company's stock value. The plan is intended to create a sense of ownership and align employee interests with the company's performance. There are different types of stock options and awards available within the San Antonio Texas Stock Option and Award Plan, including: 1. Non-Qualified Stock Options: These stock options are available to employees without any specific tax advantages. Employees are granted the flexibility to exercise these options at their discretion, allowing them to benefit from future stock price increases. 2. Incentive Stock Options: These stock options are designed to meet certain tax criteria specified by the Internal Revenue Code. They offer potentially favorable tax treatment for employees, but have specific compliance requirements that must be met. 3. Restricted Stock Awards: In addition to stock options, the plan may also include restricted stock awards. These awards provide employees with actual shares of company stock, subject to certain restrictions such as vesting requirements or performance conditions. Once the restrictions are met, employees have full ownership rights and can benefit from the stock's future appreciation. Through the San Antonio Texas Stock Option and Award Plan, Fresco, Inc. aims to create a culture of performance, reward excellence, and retain top talent. The plan demonstrates the company's commitment to aligning employee interests with shareholder value, thereby fostering a collaborative and success-driven environment.