Cuyahoga Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers

State:
Multi-State
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Cuyahoga
Control #:
US-CC-18-365B
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Word; 
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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 Cuyahoga Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive employee benefit program offered by the company to its region managers who are based in Cuyahoga, Ohio. This stock option plan allows region managers to purchase company stock at a discounted price, enabling them to become stakeholders in the company's success. This stock option plan aims to incentivize and reward region managers for their exceptional performance and commitment to the company's growth and profitability. By aligning the region managers' interests with those of the organization, the plan encourages them to focus on long-term objectives and contribute to the overall success of the company. One type of Cuyahoga Ohio Stock Option Plan offered by Stewart Information Services Corp. is the non-qualified stock option (NO) plan. This plan provides region managers with the opportunity to purchase company stock at a predetermined price, known as the grant price, over a specific time period. The NO plan typically has more flexibility in terms of eligibility and vesting requirements. Another type of stock option plan available for region managers is the incentive stock option (ISO) plan. The ISO plan provides certain tax advantages to employees by allowing them to purchase company stock at a discounted price without incurring immediate tax obligations, provided they meet specific holding period requirements. This plan is subject to more stringent eligibility criteria and may have limitations on the number of shares that can be acquired. The Cuyahoga Ohio Stock Option Plan is designed to attract and retain top talent, foster a sense of ownership among region managers, and motivate them to contribute to the company's long-term success. It not only serves as an attractive employee benefit but also plays a crucial role in enhancing employee loyalty and building a strong corporate culture.

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FAQ

Quantity: Standardized stock options typically have 100 shares per contract. ESOs usually have some non-standardized amount. Vesting: Initially if X number of shares are granted to employee, then all X may not be in his account.

Setting Up Your Employee Stock Option Plan Your company's mission and values should be a major factor in your stock option's plan design. Determine how much of the company you plan to share with early employees and employees that will join your company later. Regular stock grants are sold in shares of 100.

An employee stock option is a plan that means you have the option to buy shares of the company's stock at a certain price for a given period of time. In doing so, it could increase how much money you bring in from your job.

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company; this interest takes the form of shares of stock. ESOPs give the sponsoring companythe selling shareholderand participants various tax benefits, making them qualified plans.

The Securities and Exchange Commission (SEC) requires that option schedules of public companies be disclosed for public scrutiny, typically through 10-Q and 10-K filings.

As an example, an employee may be granted an option to purchase 2,000 shares of the employer's stock at $100 per share. This is referred to as the strikeor exercise-price. The employee will be unable to exercise the options until they are considered to be vested.

A stock option provides an employee with the opportunity to purchase a set number of shares of company stock at a certain price within a certain period of time. The price is called the grant price or strike price. This price is usually based on a discounted price of the stock at the time of hire.

Employee stock options are the right given to an employee of a public or private company to purchase shares of the company at a given price (Strike Price or Exercise Price).

Research by the Department of Labor shows that ESOPs not only have higher rates of return than 401(k) plans and are also less volatile. ESOPs lay people off less often than non-ESOP companies. ESOPs cover more employees, especially younger and lower income employees, than 401(k) plans.

A. All employees who receive stock options of the Company must keep the matter confidential without inquiring other employees for information or disclosing related information to others, including but not limited to the quantity of options received and the interest related thereof.

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Cuyahoga Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers