Alameda California Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• Control #: US-CC-18-365B
• Format: Word; Rich Text

Description

18-365B 18-365B . . . Stock Option Plan for Region Managers under which Compensation Committee may grant Incentive and Non-qualified Stock Options to full-time key employees who are employed at time of grant as Region Managers or equivalent position. In determining number of shares subject to an option granted in any given year to a particular Region Manager, Committee shall consider whether (a) pretax profits in Region Manager's territory have increased over prior year, (b) cash received by corporation from Region Manager's territory has increased over prior year, (c) percentage of claim dollars to revenues in Region Manager's territory has decreased over prior year, (d) delinquencies have decreased or maintained at zero level from prior year, (e) market share has increased in Region Manager's territory over prior year, (f) Region Manager has made efforts to expand territory through expansion of markets and/or sale of new products, (g) Region Manager's territory complies with corporation policy relating to agency visits, audits, automation, training, and benefit participation, and (h) Region Manager incorporates corporation's goals and strategies into goals for his territory The Alameda California Stock Option Plan is a comprehensive program offered by Stewart Information Services Corp. specifically designed for their Region Managers. This plan serves as a valuable incentive for managers to drive performance, promote stakeholder engagement, and align their interests with those of the company. By providing stock options, Stewart Information Services Corp. empowers Region Managers to actively participate in the company's growth and success. Key features of the Alameda California Stock Option Plan for Region Managers include: 1. Stock Options Allocation: Under this plan, Region Managers are granted a predetermined number of stock options based on their level of responsibility, tenure, and performance within the company. 2. Vesting Schedule: Stock options typically vest over a specific period, encouraging long-term commitment and loyalty from the Region Managers. Vesting schedules may vary based on specific terms outlined in the plan. 3. Exercise Price: The stock options are usually offered at a predetermined exercise price, allowing Region Managers to buy company shares at a favorable price when they choose to exercise their options. 4. Exercising Options: Once vested, Region Managers have the flexibility to exercise their stock options at their discretion. This means they can purchase company shares at the agreed exercise price and potentially profit from any increase in stock value in the future. 5. Stock Ownership: When Region Managers exercise their stock options, they become shareholders of Stewart Information Services Corp., aligning their interests with the company's long-term success. 6. Additional Benefits: In addition to stock options, the Alameda California Stock Option Plan of Stewart Information Services Corp. may include other benefits and rewards to further enhance the value proposition for Region Managers. These benefits can vary and might be detailed individually within the plan. It is important to note that specific terms and conditions of the Alameda California Stock Option Plan for Region Managers may vary depending on the company's policies and agreements. These variations could include different vesting periods, exercise price mechanisms, and other unique features tailored to meet the needs of the Region Managers. In conclusion, the Alameda California Stock Option Plan of Stewart Information Services Corp. offers Region Managers the opportunity to share in the success of the company through stock ownership. By implementing this incentivized program, Stewart Information Services Corp. aims to foster employee dedication, drive performance, and retain key talent crucial for their continued growth and profitability.

The Alameda California Stock Option Plan is a comprehensive program offered by Stewart Information Services Corp. specifically designed for their Region Managers. This plan serves as a valuable incentive for managers to drive performance, promote stakeholder engagement, and align their interests with those of the company. By providing stock options, Stewart Information Services Corp. empowers Region Managers to actively participate in the company's growth and success. Key features of the Alameda California Stock Option Plan for Region Managers include: 1. Stock Options Allocation: Under this plan, Region Managers are granted a predetermined number of stock options based on their level of responsibility, tenure, and performance within the company. 2. Vesting Schedule: Stock options typically vest over a specific period, encouraging long-term commitment and loyalty from the Region Managers. Vesting schedules may vary based on specific terms outlined in the plan. 3. Exercise Price: The stock options are usually offered at a predetermined exercise price, allowing Region Managers to buy company shares at a favorable price when they choose to exercise their options. 4. Exercising Options: Once vested, Region Managers have the flexibility to exercise their stock options at their discretion. This means they can purchase company shares at the agreed exercise price and potentially profit from any increase in stock value in the future. 5. Stock Ownership: When Region Managers exercise their stock options, they become shareholders of Stewart Information Services Corp., aligning their interests with the company's long-term success. 6. Additional Benefits: In addition to stock options, the Alameda California Stock Option Plan of Stewart Information Services Corp. may include other benefits and rewards to further enhance the value proposition for Region Managers. These benefits can vary and might be detailed individually within the plan. It is important to note that specific terms and conditions of the Alameda California Stock Option Plan for Region Managers may vary depending on the company's policies and agreements. These variations could include different vesting periods, exercise price mechanisms, and other unique features tailored to meet the needs of the Region Managers. In conclusion, the Alameda California Stock Option Plan of Stewart Information Services Corp. offers Region Managers the opportunity to share in the success of the company through stock ownership. By implementing this incentivized program, Stewart Information Services Corp. aims to foster employee dedication, drive performance, and retain key talent crucial for their continued growth and profitability.