Wayne Michigan Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of the company. This plan offers different types of stock options and awards based on job performance, tenure, and other factors. One type of stock option under this plan is the Non-Qualified Stock Option (NO). SOS are typically granted to employees at a predetermined exercise price, allowing them to purchase company stock at a later date. These options provide the flexibility to exercise them at any time within a specified period, usually becoming fully vested over time. Another type of stock option is the Incentive Stock Option (ISO). SOS are granted to key employees and offer certain tax advantages. To qualify for these options, employees must meet specific IRS requirements regarding employment length and must hold the options for a predetermined holding period before exercising them. The Fresco, Inc. Stock Option and Award Plan also include Restricted Stock Units (RSS). RSS are awards granted to employees that represent a promise to deliver company stock in the future. These units typically vest over a certain period, promoting employee retention and aligning their interests with the company's long-term success. Performance Share Units (Plus) are another component of the plan. Plus are awards tied to predetermined performance goals, such as achieving specific financial targets or surpassing industry benchmarks. Upon achieving the set goals, employees receive a specified number of shares or cash equivalent based on the plan's terms. Additionally, Fresco, Inc. may offer Employee Stock Purchase Plans (ESPN) as part of their Stock Option and Award Plan. ESPN allow employees to purchase company shares at a discounted price, usually through payroll deductions. These plans aim to encourage employee stock ownership and foster a sense of ownership and loyalty. It is essential to note that the specific details, eligibility criteria, and terms and conditions of the Wayne Michigan Stock Option and Award Plan of Fresco, Inc. may vary and should be reviewed in the plan's official documentation or in consultation with the company's HR department.

The Wayne Michigan Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation program designed to incentivize and reward employees of the company. This plan offers different types of stock options and awards based on job performance, tenure, and other factors. One type of stock option under this plan is the Non-Qualified Stock Option (NO). SOS are typically granted to employees at a predetermined exercise price, allowing them to purchase company stock at a later date. These options provide the flexibility to exercise them at any time within a specified period, usually becoming fully vested over time. Another type of stock option is the Incentive Stock Option (ISO). SOS are granted to key employees and offer certain tax advantages. To qualify for these options, employees must meet specific IRS requirements regarding employment length and must hold the options for a predetermined holding period before exercising them. The Fresco, Inc. Stock Option and Award Plan also include Restricted Stock Units (RSS). RSS are awards granted to employees that represent a promise to deliver company stock in the future. These units typically vest over a certain period, promoting employee retention and aligning their interests with the company's long-term success. Performance Share Units (Plus) are another component of the plan. Plus are awards tied to predetermined performance goals, such as achieving specific financial targets or surpassing industry benchmarks. Upon achieving the set goals, employees receive a specified number of shares or cash equivalent based on the plan's terms. Additionally, Fresco, Inc. may offer Employee Stock Purchase Plans (ESPN) as part of their Stock Option and Award Plan. ESPN allow employees to purchase company shares at a discounted price, usually through payroll deductions. These plans aim to encourage employee stock ownership and foster a sense of ownership and loyalty. It is essential to note that the specific details, eligibility criteria, and terms and conditions of the Wayne Michigan Stock Option and Award Plan of Fresco, Inc. may vary and should be reviewed in the plan's official documentation or in consultation with the company's HR department.