Collin Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Stock Option Plan of Stewart Information Services Corp. is an employee benefit program designed specifically for region managers within the company. This plan provides these managers with the opportunity to purchase company stock at a discounted price, allowing them to potentially benefit from the growth and success of the company. The stock option plan offers region managers the ability to purchase a certain number of shares of company stock at a predetermined price, usually referred to as the exercise or strike price. This price is usually set at a discount to the current market value of the stock, making it an attractive opportunity for managers to acquire shares at a lower cost. By taking advantage of this plan, region managers can participate in the company's growth and increase their personal wealth. The Collin Texas Stock Option Plan may have different types or variations, depending on various factors such as seniority, performance, or tenure within the company. Some possible variations of the plan could include: 1. Performance-based Stock Option Plan: This type of plan rewards region managers based on their individual or team performance. Managers who meet or exceed certain performance targets may be eligible for additional stock options or a higher number of shares. 2. Tenure-based Stock Option Plan: This plan rewards region managers based on their length of service with the company. Managers who have been with the company for a certain number of years may be granted additional stock options, providing an incentive for loyalty and long-term commitment. 3. Restricted Stock Option Plan: In this type of plan, region managers are granted stock options that have certain restrictions or conditions attached to them. These restrictions may include a vesting period, during which the manager must wait before exercising their options or selling the acquired shares. 4. Stock Appreciation Rights (SARS) Plan: Instead of purchasing shares at a discounted price, this plan grants region managers the right to receive cash or stock equal to the appreciation in the company's stock price over a specified period. This allows managers to benefit from the increase in stock value without having to purchase actual shares. Overall, the Collin Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers provides an attractive opportunity for managers to become stakeholders in the company's success. It incentivizes performance, tenure, and loyalty while offering potential financial gains as the company grows.

The Collin Texas Stock Option Plan of Stewart Information Services Corp. is an employee benefit program designed specifically for region managers within the company. This plan provides these managers with the opportunity to purchase company stock at a discounted price, allowing them to potentially benefit from the growth and success of the company. The stock option plan offers region managers the ability to purchase a certain number of shares of company stock at a predetermined price, usually referred to as the exercise or strike price. This price is usually set at a discount to the current market value of the stock, making it an attractive opportunity for managers to acquire shares at a lower cost. By taking advantage of this plan, region managers can participate in the company's growth and increase their personal wealth. The Collin Texas Stock Option Plan may have different types or variations, depending on various factors such as seniority, performance, or tenure within the company. Some possible variations of the plan could include: 1. Performance-based Stock Option Plan: This type of plan rewards region managers based on their individual or team performance. Managers who meet or exceed certain performance targets may be eligible for additional stock options or a higher number of shares. 2. Tenure-based Stock Option Plan: This plan rewards region managers based on their length of service with the company. Managers who have been with the company for a certain number of years may be granted additional stock options, providing an incentive for loyalty and long-term commitment. 3. Restricted Stock Option Plan: In this type of plan, region managers are granted stock options that have certain restrictions or conditions attached to them. These restrictions may include a vesting period, during which the manager must wait before exercising their options or selling the acquired shares. 4. Stock Appreciation Rights (SARS) Plan: Instead of purchasing shares at a discounted price, this plan grants region managers the right to receive cash or stock equal to the appreciation in the company's stock price over a specified period. This allows managers to benefit from the increase in stock value without having to purchase actual shares. Overall, the Collin Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers provides an attractive opportunity for managers to become stakeholders in the company's success. It incentivizes performance, tenure, and loyalty while offering potential financial gains as the company grows.