Santa Clara California Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of Fresco, Inc., a company based in Santa Clara, California. This plan provides employees with various types of stock options and awards, serving as a key tool to attract, motivate, and retain talented individuals within the organization. Under the Stock Option component of the program, employees are granted the right to purchase a specific number of company shares at a predetermined price, within a set time frame. This provides employees with the opportunity to share in the company's success, as they will profit if the stock price increases over time. It also aligns their interests with the long-term growth and profitability of Fresco, Inc. The Stock Award component of the plan involves granting employees a specific number of company shares outright, without requiring any financial contribution from the employee. These shares usually have vesting requirements, ensuring that the employee remains with the company for a certain period before gaining ownership. This type of award is often used to recognize outstanding performance and to further align employee interests with the company's success. Another type of award included in the plan is the Performance Share Unit (PSU) award. Performance Share Units are granted based on predetermined performance goals and milestones. These goals may relate to financial performance, market share growth, product development, or other key objectives. Once the performance goals are achieved, employees receive company shares equivalent to the awarded PSU units. Additionally, the Stock Option and Award Plan may also include Restricted Stock Units (RSS). RSS is similar to stock options, but they do not require a purchase price. Instead, RSS are awarded to employees and typically vest over a specific time period. Once vested, employees receive the company shares represented by the RSS. The Santa Clara California Stock Option and Award Plan of Fresco, Inc. is designed to provide employees with various forms of equity-based compensation, enabling them to participate in the company's growth and success. By offering different types of stock options and awards, the plan provides flexibility to cater to the diverse needs and preferences of Fresco, Inc.'s workforce.

The Santa Clara California Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to incentivize and reward employees of Fresco, Inc., a company based in Santa Clara, California. This plan provides employees with various types of stock options and awards, serving as a key tool to attract, motivate, and retain talented individuals within the organization. Under the Stock Option component of the program, employees are granted the right to purchase a specific number of company shares at a predetermined price, within a set time frame. This provides employees with the opportunity to share in the company's success, as they will profit if the stock price increases over time. It also aligns their interests with the long-term growth and profitability of Fresco, Inc. The Stock Award component of the plan involves granting employees a specific number of company shares outright, without requiring any financial contribution from the employee. These shares usually have vesting requirements, ensuring that the employee remains with the company for a certain period before gaining ownership. This type of award is often used to recognize outstanding performance and to further align employee interests with the company's success. Another type of award included in the plan is the Performance Share Unit (PSU) award. Performance Share Units are granted based on predetermined performance goals and milestones. These goals may relate to financial performance, market share growth, product development, or other key objectives. Once the performance goals are achieved, employees receive company shares equivalent to the awarded PSU units. Additionally, the Stock Option and Award Plan may also include Restricted Stock Units (RSS). RSS is similar to stock options, but they do not require a purchase price. Instead, RSS are awarded to employees and typically vest over a specific time period. Once vested, employees receive the company shares represented by the RSS. The Santa Clara California Stock Option and Award Plan of Fresco, Inc. is designed to provide employees with various forms of equity-based compensation, enabling them to participate in the company's growth and success. By offering different types of stock options and awards, the plan provides flexibility to cater to the diverse needs and preferences of Fresco, Inc.'s workforce.