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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• 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 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.

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.