Fulton Georgia Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Stock Option Plan of Stewart Information Services Corp. is a comprehensive compensation program tailored specifically for the Region Managers of the company. It offers attractive stock options to these key individuals, providing them with the opportunity to own a stake in the company's success and align their interests with those of the shareholders. This incentivizes the Region Managers to drive exceptional performance and contribute directly to the company's growth. Under the Fulton Georgia Stock Option Plan, Region Managers are granted stock options based on predetermined criteria and eligibility requirements. These options entitle the managers to purchase a specific number of company stocks at a predetermined price, referred to as the exercise price or strike price. The strike price is often set at the current market value of the stocks at the time of grant, ensuring fairness and alignment with market trends. The plan is designed to motivate Region Managers to remain committed to the long-term success of the company, as the stock options generally have a vesting period, during which the options cannot be exercised. This duration is typically spread over a number of years to encourage retention and dedication to achieving sustained growth. The Fulton Georgia Stock Option Plan may also offer different types of stock options, such as incentive stock options (SOS) or non-qualified stock options (SOS). SOS provide certain tax advantages to the holder, while SOS do not have the same tax benefits but offer more flexibility in terms of exercise and sale. Upon reaching the vesting period, Region Managers can exercise their stock options by purchasing the company's shares at the predetermined exercise price. This allows them to benefit from any rise in the stock price since the grant. Subsequently, the managers can choose to either hold their shares as investments or sell them on the open market. Selling the shares at a higher market price would enable them to realize a profit. The Fulton Georgia Stock Option Plan is carefully crafted to attract and retain top talent in the region management roles at Stewart Information Services Corp. It serves as a powerful tool to incentivize exceptional performance, encourage loyalty, and align the interests of the Region Managers with those of the company and its shareholders.

The Fulton Georgia Stock Option Plan of Stewart Information Services Corp. is a comprehensive compensation program tailored specifically for the Region Managers of the company. It offers attractive stock options to these key individuals, providing them with the opportunity to own a stake in the company's success and align their interests with those of the shareholders. This incentivizes the Region Managers to drive exceptional performance and contribute directly to the company's growth. Under the Fulton Georgia Stock Option Plan, Region Managers are granted stock options based on predetermined criteria and eligibility requirements. These options entitle the managers to purchase a specific number of company stocks at a predetermined price, referred to as the exercise price or strike price. The strike price is often set at the current market value of the stocks at the time of grant, ensuring fairness and alignment with market trends. The plan is designed to motivate Region Managers to remain committed to the long-term success of the company, as the stock options generally have a vesting period, during which the options cannot be exercised. This duration is typically spread over a number of years to encourage retention and dedication to achieving sustained growth. The Fulton Georgia Stock Option Plan may also offer different types of stock options, such as incentive stock options (SOS) or non-qualified stock options (SOS). SOS provide certain tax advantages to the holder, while SOS do not have the same tax benefits but offer more flexibility in terms of exercise and sale. Upon reaching the vesting period, Region Managers can exercise their stock options by purchasing the company's shares at the predetermined exercise price. This allows them to benefit from any rise in the stock price since the grant. Subsequently, the managers can choose to either hold their shares as investments or sell them on the open market. Selling the shares at a higher market price would enable them to realize a profit. The Fulton Georgia Stock Option Plan is carefully crafted to attract and retain top talent in the region management roles at Stewart Information Services Corp. It serves as a powerful tool to incentivize exceptional performance, encourage loyalty, and align the interests of the Region Managers with those of the company and its shareholders.