Broward Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Broward
• 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 Broward Florida Stock Option Plan is a comprehensive incentive program offered by Stewart Information Services Corp. exclusively for Region Managers operating in the Broward County area of Florida. This plan is designed to provide a valuable opportunity for region managers to benefit from the company's growth and success while enhancing their overall compensation package. Under this stock option plan, region managers are presented with the opportunity to acquire company stock at pre-determined prices, known as the exercise price, over a specified period. These stock options typically have a vesting period, during which the region manager must remain employed with Stewart Information Services Corp. to earn the right to exercise the options and acquire the underlying shares. By participating in the Broward Florida Stock Option Plan, region managers have the potential to benefit from increases in the company's stock price, as they are able to purchase shares at a predetermined price, which may be set below the prevailing market rate. This allows region managers to capitalize on any appreciation in the company's stock value, ultimately enhancing their personal financial position. The plan offers flexibility in terms of the number of options granted to region managers, which can vary based on individual performance, years of service, and other predetermined criteria. It is important to note that the specifics of the Broward Florida Stock Option Plan, including the exercise price and vesting period, may vary based on the specific terms established by Stewart Information Services Corp. Moreover, within the Broward Florida Stock Option Plan, there may be different types of options provided to region managers, including Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Non-Qualified Stock Options offer the advantage of flexibility in terms of exercising the options, allowing the region managers to choose when and how many options to exercise. Incentive Stock Options, on the other hand, may have certain tax advantages as they are not subject to immediate taxation upon exercising, provided specific holding periods are met. Overall, the Broward Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a powerful incentive offered to reward and retain top-performing region managers in the Broward County region. It empowers them to share in the company's success and potentially enhance their financial well-being through the acquisition of company stock at favorable prices.

The Broward Florida Stock Option Plan is a comprehensive incentive program offered by Stewart Information Services Corp. exclusively for Region Managers operating in the Broward County area of Florida. This plan is designed to provide a valuable opportunity for region managers to benefit from the company's growth and success while enhancing their overall compensation package. Under this stock option plan, region managers are presented with the opportunity to acquire company stock at pre-determined prices, known as the exercise price, over a specified period. These stock options typically have a vesting period, during which the region manager must remain employed with Stewart Information Services Corp. to earn the right to exercise the options and acquire the underlying shares. By participating in the Broward Florida Stock Option Plan, region managers have the potential to benefit from increases in the company's stock price, as they are able to purchase shares at a predetermined price, which may be set below the prevailing market rate. This allows region managers to capitalize on any appreciation in the company's stock value, ultimately enhancing their personal financial position. The plan offers flexibility in terms of the number of options granted to region managers, which can vary based on individual performance, years of service, and other predetermined criteria. It is important to note that the specifics of the Broward Florida Stock Option Plan, including the exercise price and vesting period, may vary based on the specific terms established by Stewart Information Services Corp. Moreover, within the Broward Florida Stock Option Plan, there may be different types of options provided to region managers, including Non-Qualified Stock Options (Nests) and Incentive Stock Options (SOS). Non-Qualified Stock Options offer the advantage of flexibility in terms of exercising the options, allowing the region managers to choose when and how many options to exercise. Incentive Stock Options, on the other hand, may have certain tax advantages as they are not subject to immediate taxation upon exercising, provided specific holding periods are met. Overall, the Broward Florida Stock Option Plan of Stewart Information Services Corp. for Region Managers is a powerful incentive offered to reward and retain top-performing region managers in the Broward County region. It empowers them to share in the company's success and potentially enhance their financial well-being through the acquisition of company stock at favorable prices.