Suffolk New York Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation strategy implemented by the company to incentivize and reward its employees for their dedication and performance. This plan allows eligible individuals to receive various types of stock-based benefits and awards as part of their overall compensation package. One of the primary objectives of the Suffolk New York Stock Option and Award Plan is to align the interests of employees with those of the company and its shareholders. By offering stock-based incentives, Fresco aims to motivate employees to contribute to the long-term growth and success of the organization. This plan also serves as a retention tool to attract and retain top talent within the company. Under this plan, employees may be granted stock options, restricted stock units (RSS), performance shares, or other similar equity-based awards. Let's explore these different types of awards in detail: 1. Stock Options: Stock options are the right to purchase a set number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period, after which employees can exercise them and acquire company stock at the exercise price. Stock options provide employees with the potential to benefit from the company's future stock price appreciation. 2. Restricted Stock Units (RSS): RSS are awards that grant employees the right to receive shares of company stock at a future date, usually upon reaching specific vesting conditions. Unlike stock options, RSS do not require an initial purchase since employees are granted the actual stock units over time, subject to vesting. The value of RSS is typically tied to the company's stock performance. 3. Performance Shares: Performance shares are awards given to employees based on the achievement of predefined performance goals or metrics. These awards are tied directly to the company's performance, encouraging employees to contribute to its growth and success. If the performance targets are met, employees receive the allotted number of shares as part of their compensation. The Suffolk New York Stock Option and Award Plan of Fresco, Inc. has been carefully designed to promote employee engagement, align their interests with the company's objectives, and reward exceptional performance. By offering various types of stock-based awards, Fresco aims to create a culture of ownership and incentivize employees to contribute to the long-term success of the organization.

The Suffolk New York Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation strategy implemented by the company to incentivize and reward its employees for their dedication and performance. This plan allows eligible individuals to receive various types of stock-based benefits and awards as part of their overall compensation package. One of the primary objectives of the Suffolk New York Stock Option and Award Plan is to align the interests of employees with those of the company and its shareholders. By offering stock-based incentives, Fresco aims to motivate employees to contribute to the long-term growth and success of the organization. This plan also serves as a retention tool to attract and retain top talent within the company. Under this plan, employees may be granted stock options, restricted stock units (RSS), performance shares, or other similar equity-based awards. Let's explore these different types of awards in detail: 1. Stock Options: Stock options are the right to purchase a set number of company shares at a predetermined price, known as the exercise price. These options typically have a vesting period, after which employees can exercise them and acquire company stock at the exercise price. Stock options provide employees with the potential to benefit from the company's future stock price appreciation. 2. Restricted Stock Units (RSS): RSS are awards that grant employees the right to receive shares of company stock at a future date, usually upon reaching specific vesting conditions. Unlike stock options, RSS do not require an initial purchase since employees are granted the actual stock units over time, subject to vesting. The value of RSS is typically tied to the company's stock performance. 3. Performance Shares: Performance shares are awards given to employees based on the achievement of predefined performance goals or metrics. These awards are tied directly to the company's performance, encouraging employees to contribute to its growth and success. If the performance targets are met, employees receive the allotted number of shares as part of their compensation. The Suffolk New York Stock Option and Award Plan of Fresco, Inc. has been carefully designed to promote employee engagement, align their interests with the company's objectives, and reward exceptional performance. By offering various types of stock-based awards, Fresco aims to create a culture of ownership and incentivize employees to contribute to the long-term success of the organization.