Hennepin Minnesota Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Stock Option Plan of Stewart Information Services Corp. is an employee benefit program specifically designed for Region Managers within the company. This comprehensive plan offers Region Managers in Hennepin County, Minnesota an opportunity to invest in company stocks at a predetermined price, known as the strike price, during a specified time frame. The Hennepin Minnesota Stock Option Plan aims to attract and retain top talent by providing an additional financial incentive, aligning the interests of Region Managers with the company's overall performance and growth. By offering stock options, Stewart Information Services Corp. grants Region Managers the right to purchase a specific number of company shares at a predetermined price, which is often lower than the prevailing market rate. This stock option plan is designed to encourage Region Managers to remain committed to the long-term success of Stewart Information Services Corp. and incentivize them to contribute to the company's growth and profitability. By linking financial rewards to stock performance, it fosters a culture of ownership and accountability among Region Managers. One key aspect of the plan is that it offers a vesting period, which means that Region Managers need to fulfill certain requirements, such as actively working for the company for a specified duration, before they can exercise their stock options. This ensures that managers who have demonstrated loyalty and commitment to Stewart Information Services Corp. are the ones benefiting from the plan. The Hennepin Minnesota Stock Option Plan also provides flexibility, allowing Region Managers to exercise their options at their convenience within the predetermined time frame. This enables managers to take advantage of favorable market conditions or make strategic decisions aligned with their personal financial goals. Although specific details may vary based on the individual circumstances and the terms set by Stewart Information Services Corp., the stock option plan typically includes a grant date, exercise price, expiration date, and the number of stock options granted to Region Managers in Hennepin, Minnesota. It's important to note that while this description outlines the general framework of the Hennepin Minnesota Stock Option Plan for Region Managers, there may be various variations or sub-plans tailored to specific categories of employees, such as executive-level managers or employees in different regions. These variations ensure that the plan is flexible and suited to the unique needs and responsibilities of various employees within the organization.

Hennepin Minnesota Stock Option Plan of Stewart Information Services Corp. is an employee benefit program specifically designed for Region Managers within the company. This comprehensive plan offers Region Managers in Hennepin County, Minnesota an opportunity to invest in company stocks at a predetermined price, known as the strike price, during a specified time frame. The Hennepin Minnesota Stock Option Plan aims to attract and retain top talent by providing an additional financial incentive, aligning the interests of Region Managers with the company's overall performance and growth. By offering stock options, Stewart Information Services Corp. grants Region Managers the right to purchase a specific number of company shares at a predetermined price, which is often lower than the prevailing market rate. This stock option plan is designed to encourage Region Managers to remain committed to the long-term success of Stewart Information Services Corp. and incentivize them to contribute to the company's growth and profitability. By linking financial rewards to stock performance, it fosters a culture of ownership and accountability among Region Managers. One key aspect of the plan is that it offers a vesting period, which means that Region Managers need to fulfill certain requirements, such as actively working for the company for a specified duration, before they can exercise their stock options. This ensures that managers who have demonstrated loyalty and commitment to Stewart Information Services Corp. are the ones benefiting from the plan. The Hennepin Minnesota Stock Option Plan also provides flexibility, allowing Region Managers to exercise their options at their convenience within the predetermined time frame. This enables managers to take advantage of favorable market conditions or make strategic decisions aligned with their personal financial goals. Although specific details may vary based on the individual circumstances and the terms set by Stewart Information Services Corp., the stock option plan typically includes a grant date, exercise price, expiration date, and the number of stock options granted to Region Managers in Hennepin, Minnesota. It's important to note that while this description outlines the general framework of the Hennepin Minnesota Stock Option Plan for Region Managers, there may be various variations or sub-plans tailored to specific categories of employees, such as executive-level managers or employees in different regions. These variations ensure that the plan is flexible and suited to the unique needs and responsibilities of various employees within the organization.