Riverside California Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Riverside
• 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 Riverside California Stock Option Plan is a program designed specifically for Region Managers working at Stewart Information Services Corp. This plan allows Region Managers to purchase company stock at a predetermined price within a specified timeframe. The program is aimed at incentivizing performance and rewarding loyal and successful employees. Region Managers in Riverside, California, are eligible to participate in this stock option plan, which provides them with an opportunity to own a stake in the company they work for. By offering stock options, Stewart Information Services Corp. aims to align the interests of its employees with the overall success of the company, fostering a sense of ownership and encouraging long-term commitment. Through this stock option plan, eligible Region Managers are granted the right to purchase a specific number of company stocks at a predetermined price, often referred to as the strike price. The strike price is typically set at a discount to the current market price at the time of the grant, providing employees with an immediate financial benefit. One variant of the Riverside California Stock Option Plan for Region Managers may include a vesting schedule, which ensures that employees remain with the company for a certain period of time before they can exercise their stock options. This incentivizes loyalty and discourages immediate resale of the stocks. Another variant may include performance-based criteria, where employees must meet specific targets or achieve certain milestones before they are granted stock options. This type of plan encourages employees to strive for excellence and actively contribute to the company's growth. The Riverside California Stock Option Plan for Region Managers is a valuable component of Stewart Information Services Corp.'s employee compensation and retention strategy. By offering employees the opportunity to share in the company's success, Stewart aims to attract top talent, promote employee loyalty, and provide a motivating work environment. Keywords: Riverside California, Stock Option Plan, Stewart Information Services Corp., Region Managers, stock purchase, performance-based, vesting schedule, employee compensation, employee retention, incentivize.

The Riverside California Stock Option Plan is a program designed specifically for Region Managers working at Stewart Information Services Corp. This plan allows Region Managers to purchase company stock at a predetermined price within a specified timeframe. The program is aimed at incentivizing performance and rewarding loyal and successful employees. Region Managers in Riverside, California, are eligible to participate in this stock option plan, which provides them with an opportunity to own a stake in the company they work for. By offering stock options, Stewart Information Services Corp. aims to align the interests of its employees with the overall success of the company, fostering a sense of ownership and encouraging long-term commitment. Through this stock option plan, eligible Region Managers are granted the right to purchase a specific number of company stocks at a predetermined price, often referred to as the strike price. The strike price is typically set at a discount to the current market price at the time of the grant, providing employees with an immediate financial benefit. One variant of the Riverside California Stock Option Plan for Region Managers may include a vesting schedule, which ensures that employees remain with the company for a certain period of time before they can exercise their stock options. This incentivizes loyalty and discourages immediate resale of the stocks. Another variant may include performance-based criteria, where employees must meet specific targets or achieve certain milestones before they are granted stock options. This type of plan encourages employees to strive for excellence and actively contribute to the company's growth. The Riverside California Stock Option Plan for Region Managers is a valuable component of Stewart Information Services Corp.'s employee compensation and retention strategy. By offering employees the opportunity to share in the company's success, Stewart aims to attract top talent, promote employee loyalty, and provide a motivating work environment. Keywords: Riverside California, Stock Option Plan, Stewart Information Services Corp., Region Managers, stock purchase, performance-based, vesting schedule, employee compensation, employee retention, incentivize.