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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Harris
• 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 Harris Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to reward and retain high-performing regional managers within the organization. The plan provides eligible employees with the opportunity to acquire stock options that offer financial incentives and align their interests with the success of the company. Under this plan, region managers in the Harris Texas branch of Stewart Information Services Corp. are granted stock options based on their performance, tenure, and contribution to the company's overall growth. These stock options give them the right to purchase a specified number of shares at a predetermined price within a specified time frame, typically at a discount or predefined price. The Harris Texas Stock Option Plan offers several types of stock options to region managers, allowing for flexibility and customization based on individual needs and preferences. Some notable variations of stock options available may include: 1. Non-Qualified Stock Options (SOS): These are common stock options that do not qualify for special tax treatment. SOS allow region managers to purchase company shares at a predetermined price, known as the exercise price or strike price. Region managers can exercise these options at their discretion, usually after a vesting period, and profit from any appreciation in the company's stock price. 2. Incentive Stock Options (SOS): SOS are stock options that meet specific IRS requirements. They provide potentially favorable tax treatment to region managers upon exercise and sale of the shares. SOS offer greater tax advantages if held for a longer period, promoting long-term commitment to the company's success. 3. Performance Stock Options: These stock options award region managers based on predefined performance metrics or goals. The number of shares granted depends on the achievement of these targets, such as growth in revenue, market share, or profitability. Performance stock options provide additional motivation for managers to excel in their roles and contribute significantly to the company's performance. 4. Restricted Stock Units (RSS): RSS represent a promise to grant region managers a predetermined number of company shares upon meeting certain conditions, typically over a vesting period. Once vested, these shares are generally distributed to managers without an exercise price. RSS reward performance, incentivize retention, and ensure alignment of region managers' goals with the long-term success of the company. The Harris Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to attract, retain, and incentivize top talent, empowering them to contribute to the growth and profitability of the company. It encourages a sense of ownership and accountability, as region managers have the opportunity to benefit directly from the company's success.

The Harris Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation program designed to reward and retain high-performing regional managers within the organization. The plan provides eligible employees with the opportunity to acquire stock options that offer financial incentives and align their interests with the success of the company. Under this plan, region managers in the Harris Texas branch of Stewart Information Services Corp. are granted stock options based on their performance, tenure, and contribution to the company's overall growth. These stock options give them the right to purchase a specified number of shares at a predetermined price within a specified time frame, typically at a discount or predefined price. The Harris Texas Stock Option Plan offers several types of stock options to region managers, allowing for flexibility and customization based on individual needs and preferences. Some notable variations of stock options available may include: 1. Non-Qualified Stock Options (SOS): These are common stock options that do not qualify for special tax treatment. SOS allow region managers to purchase company shares at a predetermined price, known as the exercise price or strike price. Region managers can exercise these options at their discretion, usually after a vesting period, and profit from any appreciation in the company's stock price. 2. Incentive Stock Options (SOS): SOS are stock options that meet specific IRS requirements. They provide potentially favorable tax treatment to region managers upon exercise and sale of the shares. SOS offer greater tax advantages if held for a longer period, promoting long-term commitment to the company's success. 3. Performance Stock Options: These stock options award region managers based on predefined performance metrics or goals. The number of shares granted depends on the achievement of these targets, such as growth in revenue, market share, or profitability. Performance stock options provide additional motivation for managers to excel in their roles and contribute significantly to the company's performance. 4. Restricted Stock Units (RSS): RSS represent a promise to grant region managers a predetermined number of company shares upon meeting certain conditions, typically over a vesting period. Once vested, these shares are generally distributed to managers without an exercise price. RSS reward performance, incentivize retention, and ensure alignment of region managers' goals with the long-term success of the company. The Harris Texas Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to attract, retain, and incentivize top talent, empowering them to contribute to the growth and profitability of the company. It encourages a sense of ownership and accountability, as region managers have the opportunity to benefit directly from the company's success.