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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive employee benefits program designed to incentivize and reward top-performing managers within the company. This plan offers region managers an opportunity to purchase company stock at a discounted price, enabling them to benefit from the growth of the company and align their financial interests with the long-term success of Stewart Information Services Corp. The Franklin Ohio Stock Option Plan provides region managers with the flexibility and control to manage their financial future. By offering stock options, Stewart Information Services Corp. empowers its region managers to become partial owners of the company, fostering a sense of ownership and accountability. This plan ensures that region managers are directly vested in the company's performance and motivated to drive results. Key features of the Franklin Ohio Stock Option Plan include: 1. Purchase Discount: Participating region managers have the chance to purchase company stock at a discounted price, typically lower than the current market value. This discount not only makes stock ownership more accessible but also provides an instant potential gain if the stock appreciates in value. 2. Vesting Period: The stock options granted to region managers typically have a vesting period, ensuring that managers remain committed to the company for a specified period of time. This incentivizes loyalty and long-term dedication, as the value of the stock option increases over time. 3. Performance-based: The plan is designed to reward high-performing region managers who meet specific performance targets. The number of stock options granted may be linked to individual or team-based performance metrics, encouraging managers to excel in their roles and contribute to the company's growth. 4. Tax Benefits: Stock options within the plan may offer potential tax advantages for region managers. Consultation with tax professionals is recommended to fully understand the tax implications and benefits associated with participating in this program. It's important to note that while the Franklin Ohio Stock Option Plan specifically caters to region managers, Stewart Information Services Corp. may offer other stock option programs tailored to different levels of employees within the organization, such as executive stock options, employee stock purchase plans, or stock grants with different vesting schedules. Overall, the Franklin Ohio Stock Option Plan exemplifies Stewart Information Services Corp.'s commitment to attracting and retaining top talent while fostering a culture of ownership and performance-driven success. By providing region managers with a stake in the company's performance, this plan creates a win-win situation where both the managers and Stewart Information Services Corp. can thrive.

Franklin Ohio Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive employee benefits program designed to incentivize and reward top-performing managers within the company. This plan offers region managers an opportunity to purchase company stock at a discounted price, enabling them to benefit from the growth of the company and align their financial interests with the long-term success of Stewart Information Services Corp. The Franklin Ohio Stock Option Plan provides region managers with the flexibility and control to manage their financial future. By offering stock options, Stewart Information Services Corp. empowers its region managers to become partial owners of the company, fostering a sense of ownership and accountability. This plan ensures that region managers are directly vested in the company's performance and motivated to drive results. Key features of the Franklin Ohio Stock Option Plan include: 1. Purchase Discount: Participating region managers have the chance to purchase company stock at a discounted price, typically lower than the current market value. This discount not only makes stock ownership more accessible but also provides an instant potential gain if the stock appreciates in value. 2. Vesting Period: The stock options granted to region managers typically have a vesting period, ensuring that managers remain committed to the company for a specified period of time. This incentivizes loyalty and long-term dedication, as the value of the stock option increases over time. 3. Performance-based: The plan is designed to reward high-performing region managers who meet specific performance targets. The number of stock options granted may be linked to individual or team-based performance metrics, encouraging managers to excel in their roles and contribute to the company's growth. 4. Tax Benefits: Stock options within the plan may offer potential tax advantages for region managers. Consultation with tax professionals is recommended to fully understand the tax implications and benefits associated with participating in this program. It's important to note that while the Franklin Ohio Stock Option Plan specifically caters to region managers, Stewart Information Services Corp. may offer other stock option programs tailored to different levels of employees within the organization, such as executive stock options, employee stock purchase plans, or stock grants with different vesting schedules. Overall, the Franklin Ohio Stock Option Plan exemplifies Stewart Information Services Corp.'s commitment to attracting and retaining top talent while fostering a culture of ownership and performance-driven success. By providing region managers with a stake in the company's performance, this plan creates a win-win situation where both the managers and Stewart Information Services Corp. can thrive.