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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: San Diego
• 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 Diego California Stock Option and Award Plan is a comprehensive compensation program established by Fresco, Inc., a prominent company operating in San Diego, California. This plan was created to attract and retain talented employees and incentivize them through stock options and various awards. Here are some important details and different types of stock options and awards within this plan: 1. Stock Options: — Non-Qualified Stock Options: These are stock options that do not meet specific requirements set by the Internal Revenue Service (IRS) to be considered as incentive stock options. Non-qualified stock options provide flexibility in terms of exercise price and timing, allowing employees to purchase shares at a predetermined price within a specified timeframe. — Incentive Stock Options: Also known as qualified stock options, these stock options offer certain favorable tax benefits to employees. To qualify, employees must meet specific criteria laid out by the IRS, such as holding the shares for a prescribed period after exercise. 2. Restricted Stock Units (RSS): — Restricted Stock Units are awards that grant employees a specific number of shares of company stock at a future date, subject to certain restrictions. These stock awards often require employees to fulfill certain performance-based criteria or remain with the company for a specific period before the shares fully vest. 3. Performance-Based Awards: — Performance Stock UnitsPlusUs): These awards grant shares of company stock based on the achievement of predetermined performance targets. Employees must meet specific performance measures, such as revenue or profit growth, to earn these stock units. — Performance Cash Awards: SimilaplusesUs, these are cash-based awards tied to performance goals. If employees achieve predetermined targets, they receive a cash bonus reward. 4. Stock Appreciation Rights (SARS): — Stock Appreciation Rights award employees with the increase in a company's stock value over a specified period. These awards may be exercised for cash payments or company stock, allowing employees to benefit from stock price appreciation without actually purchasing shares. 5. Employee Stock Purchase Plan (ESPN): Frescoco, Inc. may offer employees the opportunity to purchase company stock through an ESPN. This plan allows employees to contribute a percentage of their salary, which is then used to purchase company stock at a discounted price at specific intervals, typically every six months or annually. It is worth noting that the San Diego California Stock Option and Award Plan of Fresco, Inc. is subject to specific terms and conditions, which may include vesting schedules, exercise periods, tax implications, and other regulations outlined in the plan documents and relevant legal frameworks.

The San Diego California Stock Option and Award Plan is a comprehensive compensation program established by Fresco, Inc., a prominent company operating in San Diego, California. This plan was created to attract and retain talented employees and incentivize them through stock options and various awards. Here are some important details and different types of stock options and awards within this plan: 1. Stock Options: — Non-Qualified Stock Options: These are stock options that do not meet specific requirements set by the Internal Revenue Service (IRS) to be considered as incentive stock options. Non-qualified stock options provide flexibility in terms of exercise price and timing, allowing employees to purchase shares at a predetermined price within a specified timeframe. — Incentive Stock Options: Also known as qualified stock options, these stock options offer certain favorable tax benefits to employees. To qualify, employees must meet specific criteria laid out by the IRS, such as holding the shares for a prescribed period after exercise. 2. Restricted Stock Units (RSS): — Restricted Stock Units are awards that grant employees a specific number of shares of company stock at a future date, subject to certain restrictions. These stock awards often require employees to fulfill certain performance-based criteria or remain with the company for a specific period before the shares fully vest. 3. Performance-Based Awards: — Performance Stock UnitsPlusUs): These awards grant shares of company stock based on the achievement of predetermined performance targets. Employees must meet specific performance measures, such as revenue or profit growth, to earn these stock units. — Performance Cash Awards: SimilaplusesUs, these are cash-based awards tied to performance goals. If employees achieve predetermined targets, they receive a cash bonus reward. 4. Stock Appreciation Rights (SARS): — Stock Appreciation Rights award employees with the increase in a company's stock value over a specified period. These awards may be exercised for cash payments or company stock, allowing employees to benefit from stock price appreciation without actually purchasing shares. 5. Employee Stock Purchase Plan (ESPN): Frescoco, Inc. may offer employees the opportunity to purchase company stock through an ESPN. This plan allows employees to contribute a percentage of their salary, which is then used to purchase company stock at a discounted price at specific intervals, typically every six months or annually. It is worth noting that the San Diego California Stock Option and Award Plan of Fresco, Inc. is subject to specific terms and conditions, which may include vesting schedules, exercise periods, tax implications, and other regulations outlined in the plan documents and relevant legal frameworks.