Salt Lake Utah Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Stock Option Plan is a unique employee benefit program offered by Stewart Information Services Corp. specifically designed for Region Managers in the Salt Lake City, Utah area. This comprehensive plan provides eligible Region Managers with the opportunity to purchase company stock at predetermined prices, offering them potential financial growth and an additional incentive to drive performance and contribute to the company's success. Under this plan, Region Managers are granted stock options based on their job performance, years of service, and individual contributions. These stock options give them the right to purchase a specified number of shares of Stewart Information Services Corp. stock at a predetermined price, known as the exercise price. The plan usually includes a vesting period, during which the Region Manager must remain with the company to fully benefit from the options. By participating in the Salt Lake Utah Stock Option Plan, Region Managers have the potential to benefit from any increase in the company's stock value over time. This program not only serves as a long-term financial incentive but also aligns the interests of the Region Managers with those of the company's shareholders, fostering a sense of ownership and partnership. The Salt Lake Utah Stock Option Plan of Stewart Information Services Corp. may include different types of options tailored to the specific needs and preferences of Region Managers. These options can vary in terms of their exercise price, vesting period, and expiration date. Some commonly offered types of options include: 1. Non-Qualified Stock Options (Nests): These options give Region Managers the flexibility to purchase company stock at a predetermined price. They are usually granted without any tax advantages but offer greater flexibility in terms of exercising and selling the stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option available to Region Managers. These options often come with tax benefits since they may qualify for preferential tax treatment if specific requirements are met, such as holding the stock for a specific period of time. 3. Restricted Stock Units (RSS): Rather than granting options, the company may choose to award RSS to Region Managers. RSS represents a promise to provide stock at a future date, typically after a vesting period. Once the RSS vest, the Region Managers receive the company stock equivalent to the value of the RSS. The Salt Lake Utah Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to attract, motivate, and retain top talent by offering them an additional avenue for financial growth. This plan serves as a testament to the company's commitment to rewarding and recognizing the contributions of its Region Managers while fostering a culture of ownership and collaboration within the organization.

The Salt Lake Utah Stock Option Plan is a unique employee benefit program offered by Stewart Information Services Corp. specifically designed for Region Managers in the Salt Lake City, Utah area. This comprehensive plan provides eligible Region Managers with the opportunity to purchase company stock at predetermined prices, offering them potential financial growth and an additional incentive to drive performance and contribute to the company's success. Under this plan, Region Managers are granted stock options based on their job performance, years of service, and individual contributions. These stock options give them the right to purchase a specified number of shares of Stewart Information Services Corp. stock at a predetermined price, known as the exercise price. The plan usually includes a vesting period, during which the Region Manager must remain with the company to fully benefit from the options. By participating in the Salt Lake Utah Stock Option Plan, Region Managers have the potential to benefit from any increase in the company's stock value over time. This program not only serves as a long-term financial incentive but also aligns the interests of the Region Managers with those of the company's shareholders, fostering a sense of ownership and partnership. The Salt Lake Utah Stock Option Plan of Stewart Information Services Corp. may include different types of options tailored to the specific needs and preferences of Region Managers. These options can vary in terms of their exercise price, vesting period, and expiration date. Some commonly offered types of options include: 1. Non-Qualified Stock Options (Nests): These options give Region Managers the flexibility to purchase company stock at a predetermined price. They are usually granted without any tax advantages but offer greater flexibility in terms of exercising and selling the stock. 2. Incentive Stock Options (SOS): SOS are another type of stock option available to Region Managers. These options often come with tax benefits since they may qualify for preferential tax treatment if specific requirements are met, such as holding the stock for a specific period of time. 3. Restricted Stock Units (RSS): Rather than granting options, the company may choose to award RSS to Region Managers. RSS represents a promise to provide stock at a future date, typically after a vesting period. Once the RSS vest, the Region Managers receive the company stock equivalent to the value of the RSS. The Salt Lake Utah Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to attract, motivate, and retain top talent by offering them an additional avenue for financial growth. This plan serves as a testament to the company's commitment to rewarding and recognizing the contributions of its Region Managers while fostering a culture of ownership and collaboration within the organization.