Tarrant Texas Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Tarrant
• 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 Tarrant Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide eligible employees with the opportunity to acquire and own shares of the company's stock. This plan is a crucial component of Fresco's overall compensation and incentive strategy. Under this plan, employees are granted stock options and awards based on their performance, tenure, and other predetermined criteria. These options and awards allow employees to purchase Fresco's stock at a predetermined price, known as the exercise price, for a specified period. One type of stock option offered under the plan is the Non-Qualified Stock Option (NO). Nests are given to employees as an additional form of compensation and allow them to purchase Fresco's stock at a discount. These options are typically subject to a vesting schedule, which means that employees must meet certain conditions, such as a specific number of years of service, before they can exercise their options. Another type of stock option available is the Incentive Stock Option (ISO). SOS provide more favorable tax treatment to employees compared to Nests. Employees who exercise SOS may be subject to certain tax advantages, such as paying capital gains tax instead of ordinary income tax on the difference between the exercise price and the stock's fair market value at the time of exercise. In addition to stock options, Fresco's plan also includes stock awards and restricted stock units (RSS). Stock awards grant employees actual shares of Fresco's stock outright, while RSS entitle employees to receive shares of the company's stock upon meeting certain vesting conditions. The Tarrant Texas Stock Option and Award Plan is an essential tool for attracting, retaining, and motivating talented employees. It aligns the interests of employees with the company's long-term success since their compensation becomes linked to the performance of Fresco's stock. Overall, this plan demonstrates Fresco's commitment to rewarding and incentivizing its employees while fostering a sense of ownership and partnership in the company's growth and success.

The Tarrant Texas Stock Option and Award Plan of Fresco, Inc. is a comprehensive program designed to provide eligible employees with the opportunity to acquire and own shares of the company's stock. This plan is a crucial component of Fresco's overall compensation and incentive strategy. Under this plan, employees are granted stock options and awards based on their performance, tenure, and other predetermined criteria. These options and awards allow employees to purchase Fresco's stock at a predetermined price, known as the exercise price, for a specified period. One type of stock option offered under the plan is the Non-Qualified Stock Option (NO). Nests are given to employees as an additional form of compensation and allow them to purchase Fresco's stock at a discount. These options are typically subject to a vesting schedule, which means that employees must meet certain conditions, such as a specific number of years of service, before they can exercise their options. Another type of stock option available is the Incentive Stock Option (ISO). SOS provide more favorable tax treatment to employees compared to Nests. Employees who exercise SOS may be subject to certain tax advantages, such as paying capital gains tax instead of ordinary income tax on the difference between the exercise price and the stock's fair market value at the time of exercise. In addition to stock options, Fresco's plan also includes stock awards and restricted stock units (RSS). Stock awards grant employees actual shares of Fresco's stock outright, while RSS entitle employees to receive shares of the company's stock upon meeting certain vesting conditions. The Tarrant Texas Stock Option and Award Plan is an essential tool for attracting, retaining, and motivating talented employees. It aligns the interests of employees with the company's long-term success since their compensation becomes linked to the performance of Fresco's stock. Overall, this plan demonstrates Fresco's commitment to rewarding and incentivizing its employees while fostering a sense of ownership and partnership in the company's growth and success.