Montgomery Maryland Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Stock Option Plan is a comprehensive employee benefit program offered by Stewart Information Services Corp., specifically designed for Region Managers. This plan provides an opportunity for these key executives to acquire the company's stock at a predetermined price within a defined timeframe. Under the Montgomery Maryland Stock Option Plan, Region Managers are granted the right to purchase a specified number of shares of Stewart Information Services Corp. stock at a predetermined exercise price, often referred to as the grant or strike price. The grant price is generally set at the fair market value of the company's stock on the date of the grant. One of the key benefits of this stock option plan is its potential for significant financial gain. As the stock price appreciates over time, Region Managers can exercise their options, buy the stock at the grant price, and then sell it at the current market price, creating a profit. This feature aligns the interests of the executives with that of the company's shareholders, fostering a sense of ownership and motivation to drive the company's performance. Additionally, the Montgomery Maryland Stock Option Plan for Region Managers encourages employee retention. As the stock options typically vest over a specific period, usually several years, it incentivizes Region Managers to remain with Stewart Information Services Corp. over the long term, helping to ensure continuity and stability within leadership positions. It is important to note that there may be different types of stock option plans within the Montgomery Maryland program to accommodate various circumstances and goals. Some possible variations could include: 1. Non-Qualified Stock Options: These options do not meet the requirements for special tax treatment and are subject to ordinary income tax rates upon exercise. 2. Incentive Stock Options (SOS): These options are designed to meet certain criteria outlined in the Internal Revenue Code and may offer preferential tax treatment to the Region Managers upon exercise and sale of the stock. 3. Stock Appreciation Rights (SARS): Instead of granting the right to purchase stock, SARS provide the Region Managers with the opportunity to receive the increase in the stock's value in cash or additional stock. 4. Performance-based Stock Options: These options grant the Region Managers the right to purchase stock only after specific performance-related goals are met, such as revenue targets or market share achievements. In conclusion, the Montgomery Maryland Stock Option Plan of Stewart Information Services Corp. for Region Managers is a strategic employee benefit program aimed at attracting, retaining, and incentivizing key executives. By offering the opportunity to purchase company stock at a predetermined price, this plan aligns the interests of the managers with the long-term success of Stewart Information Services Corp.

The Montgomery Maryland Stock Option Plan is a comprehensive employee benefit program offered by Stewart Information Services Corp., specifically designed for Region Managers. This plan provides an opportunity for these key executives to acquire the company's stock at a predetermined price within a defined timeframe. Under the Montgomery Maryland Stock Option Plan, Region Managers are granted the right to purchase a specified number of shares of Stewart Information Services Corp. stock at a predetermined exercise price, often referred to as the grant or strike price. The grant price is generally set at the fair market value of the company's stock on the date of the grant. One of the key benefits of this stock option plan is its potential for significant financial gain. As the stock price appreciates over time, Region Managers can exercise their options, buy the stock at the grant price, and then sell it at the current market price, creating a profit. This feature aligns the interests of the executives with that of the company's shareholders, fostering a sense of ownership and motivation to drive the company's performance. Additionally, the Montgomery Maryland Stock Option Plan for Region Managers encourages employee retention. As the stock options typically vest over a specific period, usually several years, it incentivizes Region Managers to remain with Stewart Information Services Corp. over the long term, helping to ensure continuity and stability within leadership positions. It is important to note that there may be different types of stock option plans within the Montgomery Maryland program to accommodate various circumstances and goals. Some possible variations could include: 1. Non-Qualified Stock Options: These options do not meet the requirements for special tax treatment and are subject to ordinary income tax rates upon exercise. 2. Incentive Stock Options (SOS): These options are designed to meet certain criteria outlined in the Internal Revenue Code and may offer preferential tax treatment to the Region Managers upon exercise and sale of the stock. 3. Stock Appreciation Rights (SARS): Instead of granting the right to purchase stock, SARS provide the Region Managers with the opportunity to receive the increase in the stock's value in cash or additional stock. 4. Performance-based Stock Options: These options grant the Region Managers the right to purchase stock only after specific performance-related goals are met, such as revenue targets or market share achievements. In conclusion, the Montgomery Maryland Stock Option Plan of Stewart Information Services Corp. for Region Managers is a strategic employee benefit program aimed at attracting, retaining, and incentivizing key executives. By offering the opportunity to purchase company stock at a predetermined price, this plan aligns the interests of the managers with the long-term success of Stewart Information Services Corp.