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

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Santa Clara
• 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 Santa Clara California Stock Option Plan of Stewart Information Services Corp. is a comprehensive employee benefit program that provides Region Managers with an opportunity to own a stake in the company through stock options. Region Managers, being crucial members of the organization responsible for overseeing operations within designated areas, are rewarded and incentivized through this plan. The Stock Option Plan grants Region Managers the right to purchase shares of Stewart Information Services Corp. stock at a predetermined price, usually referred to as the exercise price or strike price. This price is set either at the current market value or with a discount, allowing participants to acquire shares at a potentially lower cost. The stock options typically come with a vesting schedule, which dictates when the options can be exercised or converted into actual shares. By offering stock options, Stewart Information Services Corp. aims to align the interests of Region Managers with long-term value creation for the company and its shareholders. This approach helps foster a sense of ownership, loyalty, and motivation among high-performing individuals, and encourages them to contribute towards the overall success of the organization. The Santa Clara California Stock Option Plan for Region Managers may have different variations or iterations specific to the needs and preferences of the company and employees. Some possible types of stock option plans that Stewart Information Services Corp. may offer to Region Managers include: 1. Non-Qualified Stock Options (Nests): These are the most common type of stock options and provide flexibility in their terms and conditions. Nests are subject to income tax upon exercise and allow for more creativity in granting options. 2. Incentive Stock Options (SOS): SOS provide potential tax advantages to Region Managers as they are taxed at a lower rate and may qualify for long-term capital gains treatment upon exercise. However, they must meet specific Internal Revenue Service (IRS) criteria and holding periods to receive these benefits. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of the company's stock at a predetermined future date. Unlike stock options, RSS do not require an initial purchase and are usually subject to vesting conditions. 4. Performance-Stock Options (SOS): SOS tie the exercise of options to the achievement of specific performance goals or targets. This type of stock option plan motivates Region Managers by linking their compensation directly to the company's performance. It is important to note that the specific details of the Santa Clara California Stock Option Plan for Region Managers, including exercise prices, vesting schedules, and eligibility criteria, would be outlined in the official plan documents and agreements provided by Stewart Information Services Corp.

The Santa Clara California Stock Option Plan of Stewart Information Services Corp. is a comprehensive employee benefit program that provides Region Managers with an opportunity to own a stake in the company through stock options. Region Managers, being crucial members of the organization responsible for overseeing operations within designated areas, are rewarded and incentivized through this plan. The Stock Option Plan grants Region Managers the right to purchase shares of Stewart Information Services Corp. stock at a predetermined price, usually referred to as the exercise price or strike price. This price is set either at the current market value or with a discount, allowing participants to acquire shares at a potentially lower cost. The stock options typically come with a vesting schedule, which dictates when the options can be exercised or converted into actual shares. By offering stock options, Stewart Information Services Corp. aims to align the interests of Region Managers with long-term value creation for the company and its shareholders. This approach helps foster a sense of ownership, loyalty, and motivation among high-performing individuals, and encourages them to contribute towards the overall success of the organization. The Santa Clara California Stock Option Plan for Region Managers may have different variations or iterations specific to the needs and preferences of the company and employees. Some possible types of stock option plans that Stewart Information Services Corp. may offer to Region Managers include: 1. Non-Qualified Stock Options (Nests): These are the most common type of stock options and provide flexibility in their terms and conditions. Nests are subject to income tax upon exercise and allow for more creativity in granting options. 2. Incentive Stock Options (SOS): SOS provide potential tax advantages to Region Managers as they are taxed at a lower rate and may qualify for long-term capital gains treatment upon exercise. However, they must meet specific Internal Revenue Service (IRS) criteria and holding periods to receive these benefits. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of the company's stock at a predetermined future date. Unlike stock options, RSS do not require an initial purchase and are usually subject to vesting conditions. 4. Performance-Stock Options (SOS): SOS tie the exercise of options to the achievement of specific performance goals or targets. This type of stock option plan motivates Region Managers by linking their compensation directly to the company's performance. It is important to note that the specific details of the Santa Clara California Stock Option Plan for Region Managers, including exercise prices, vesting schedules, and eligibility criteria, would be outlined in the official plan documents and agreements provided by Stewart Information Services Corp.