San Bernardino California Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Bernardino
• 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 Bernardino California Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward employees with stock options and awards. As an employee benefit, this plan aims to motivate and retain talented individuals within Fresco, Inc., a prominent company operating in San Bernardino, California. The stock option component of the plan allows eligible employees to purchase a specific number of company shares at a predetermined price, known as the exercise price. This enables employees to benefit from any potential increase in the company's stock value. The stock options typically have a specific vesting period during which employees must meet certain requirements, such as remaining employed with the company, before they can exercise their options. In addition to stock options, the San Bernardino California Stock Option and Award Plan of Fresco, Inc. also includes various award types to acknowledge outstanding employee performance and contributions. These awards may come in the form of restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). RSS are granted to employees without an upfront cost, but they carry restrictions regarding their sale or transfer until a certain vesting period has passed. Performance shares, on the other hand, are awarded based on predetermined performance metrics and may be subject to performance-based vesting conditions. Lastly, stock appreciation rights give employees the opportunity to receive a cash payment equal to the appreciation in the stock's value over a set period. The San Bernardino California Stock Option and Award Plan of Fresco, Inc., provides employees with an attractive opportunity to participate in the company's success and share in its growth. By aligning employee interests with those of the company, this plan promotes employee engagement, loyalty, and an overall stronger workforce within Fresco, Inc.

The San Bernardino California Stock Option and Award Plan of Fresco, Inc. is a comprehensive incentive program designed to reward employees with stock options and awards. As an employee benefit, this plan aims to motivate and retain talented individuals within Fresco, Inc., a prominent company operating in San Bernardino, California. The stock option component of the plan allows eligible employees to purchase a specific number of company shares at a predetermined price, known as the exercise price. This enables employees to benefit from any potential increase in the company's stock value. The stock options typically have a specific vesting period during which employees must meet certain requirements, such as remaining employed with the company, before they can exercise their options. In addition to stock options, the San Bernardino California Stock Option and Award Plan of Fresco, Inc. also includes various award types to acknowledge outstanding employee performance and contributions. These awards may come in the form of restricted stock units (RSS), performance shares, or stock appreciation rights (SARS). RSS are granted to employees without an upfront cost, but they carry restrictions regarding their sale or transfer until a certain vesting period has passed. Performance shares, on the other hand, are awarded based on predetermined performance metrics and may be subject to performance-based vesting conditions. Lastly, stock appreciation rights give employees the opportunity to receive a cash payment equal to the appreciation in the stock's value over a set period. The San Bernardino California Stock Option and Award Plan of Fresco, Inc., provides employees with an attractive opportunity to participate in the company's success and share in its growth. By aligning employee interests with those of the company, this plan promotes employee engagement, loyalty, and an overall stronger workforce within Fresco, Inc.