Suffolk New York Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Stock Option Plan of Stewart Information Services Corp. is a comprehensive employee benefit program designed specifically for Region Managers of the company. This stock option plan offers region managers the opportunity to gain ownership in Stewart Information Services Corp., providing them with long-term incentives and aligning their interests with that of the company's shareholders. Under this plan, eligible region managers are granted stock options that allow them to purchase company shares at a specified price, known as the exercise price. These options typically come with a vesting period, during which the region managers must meet specific criteria, such as remaining employed with the company for a certain period of time, before the options fully "vest" or become exercisable. By participating in the Suffolk New York Stock Option Plan, region managers have the potential to benefit from the growth and success of Stewart Information Services Corp. If the stock price rises above the exercise price during the vesting period, region managers have the opportunity to profit by purchasing shares at a lower price and then selling them at the higher market price. It is important to note that there may be different types of Suffolk New York Stock Option Plans offered to region managers based on their seniority, job level, or other factors. These variations might include: 1. Standard Stock Option Plan: This is the basic offering that grants region managers the right to purchase company stock at a predetermined price within a specific timeframe. The vesting period and the number of options granted may vary based on the individual's position or performance. 2. Performance-Based Stock Option Plan: This type of plan ties the vesting of stock options to the achievement of specific performance targets or goals. For example, region managers may be required to meet sales targets, expand market share, or achieve specified financial metrics to earn the full benefits of their stock options. 3. Restricted Stock Units (RSS) Plan: Instead of stock options, this plan grants region managers a specified number of RSS, which represent actual shares of company stock. This RSS typically vest over a predetermined period, providing region managers with the opportunity to receive actual shares of stock instead of options to purchase stock at a specific price. Overall, the Suffolk New York Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to incentivize and reward region managers for their contributions to the company's success. By granting them stock options or RSS, the plan aligns their interests with the growth and profitability of Stewart Information Services Corp., fostering a culture of employee ownership and motivation.

The Suffolk New York Stock Option Plan of Stewart Information Services Corp. is a comprehensive employee benefit program designed specifically for Region Managers of the company. This stock option plan offers region managers the opportunity to gain ownership in Stewart Information Services Corp., providing them with long-term incentives and aligning their interests with that of the company's shareholders. Under this plan, eligible region managers are granted stock options that allow them to purchase company shares at a specified price, known as the exercise price. These options typically come with a vesting period, during which the region managers must meet specific criteria, such as remaining employed with the company for a certain period of time, before the options fully "vest" or become exercisable. By participating in the Suffolk New York Stock Option Plan, region managers have the potential to benefit from the growth and success of Stewart Information Services Corp. If the stock price rises above the exercise price during the vesting period, region managers have the opportunity to profit by purchasing shares at a lower price and then selling them at the higher market price. It is important to note that there may be different types of Suffolk New York Stock Option Plans offered to region managers based on their seniority, job level, or other factors. These variations might include: 1. Standard Stock Option Plan: This is the basic offering that grants region managers the right to purchase company stock at a predetermined price within a specific timeframe. The vesting period and the number of options granted may vary based on the individual's position or performance. 2. Performance-Based Stock Option Plan: This type of plan ties the vesting of stock options to the achievement of specific performance targets or goals. For example, region managers may be required to meet sales targets, expand market share, or achieve specified financial metrics to earn the full benefits of their stock options. 3. Restricted Stock Units (RSS) Plan: Instead of stock options, this plan grants region managers a specified number of RSS, which represent actual shares of company stock. This RSS typically vest over a predetermined period, providing region managers with the opportunity to receive actual shares of stock instead of options to purchase stock at a specific price. Overall, the Suffolk New York Stock Option Plan of Stewart Information Services Corp. for Region Managers aims to incentivize and reward region managers for their contributions to the company's success. By granting them stock options or RSS, the plan aligns their interests with the growth and profitability of Stewart Information Services Corp., fostering a culture of employee ownership and motivation.