Wake North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation package designed to incentivize and reward region managers working in Wake County, North Carolina. This plan grants region managers the option to purchase a specific number of company stocks at a predetermined price within a specified timeframe, offering them the opportunity to reap potential financial gains in the future. The stock options provided by this plan serve as a powerful tool to not only attract top talent but also to retain and motivate region managers to drive exceptional performance and achieve company objectives. By aligning the interests of the region managers with those of the company's shareholders, Stewart Information Services Corp. ensures that its region managers are fully invested in the company's success. The Wake North Carolina Stock Option Plan offers various types of stock options to region managers: 1. Non-Qualified Stock Options: These options allow region managers to purchase company stocks at a predetermined, discounted price. Typically, they are subject to specific vesting periods or performance-based criteria, ensuring that the region managers remain committed to the company's long-term growth. 2. Incentive Stock Options: In addition to the non-qualified stock options, Stewart Information Services Corp. may also provide incentive stock options to eligible region managers. These options offer potential tax advantages to the region managers, subject to meeting certain Internal Revenue Service (IRS) requirements. 3. Performance-Based Stock Options: This type of stock option rewards region managers based on specific performance targets or benchmarks. It allows them to purchase company stocks at a predetermined price if they meet or exceed the established performance criteria, motivating them to excel in their roles and contribute to the positive growth of the organization. 4. Restricted Stock Units (RSS): While not classified as stock options, RSS are also commonly included in stock option plans. RSS grant region managers the right to receive shares of company stock or the cash equivalent, subject to specific vesting periods or performance metrics. RSS align the interests of region managers with shareholders' long-term interests, fostering a commitment to sustained company growth. The Wake North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers reinforces the company's commitment to recognizing and rewarding the efforts and successes of its region managers in Wake County, North Carolina. By offering varying types of stock options, the plan provides region managers with attractive financial prospects and a stake in the company's future growth, motivating them to excel, drive innovation, and deliver outstanding results.

The Wake North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers is a comprehensive compensation package designed to incentivize and reward region managers working in Wake County, North Carolina. This plan grants region managers the option to purchase a specific number of company stocks at a predetermined price within a specified timeframe, offering them the opportunity to reap potential financial gains in the future. The stock options provided by this plan serve as a powerful tool to not only attract top talent but also to retain and motivate region managers to drive exceptional performance and achieve company objectives. By aligning the interests of the region managers with those of the company's shareholders, Stewart Information Services Corp. ensures that its region managers are fully invested in the company's success. The Wake North Carolina Stock Option Plan offers various types of stock options to region managers: 1. Non-Qualified Stock Options: These options allow region managers to purchase company stocks at a predetermined, discounted price. Typically, they are subject to specific vesting periods or performance-based criteria, ensuring that the region managers remain committed to the company's long-term growth. 2. Incentive Stock Options: In addition to the non-qualified stock options, Stewart Information Services Corp. may also provide incentive stock options to eligible region managers. These options offer potential tax advantages to the region managers, subject to meeting certain Internal Revenue Service (IRS) requirements. 3. Performance-Based Stock Options: This type of stock option rewards region managers based on specific performance targets or benchmarks. It allows them to purchase company stocks at a predetermined price if they meet or exceed the established performance criteria, motivating them to excel in their roles and contribute to the positive growth of the organization. 4. Restricted Stock Units (RSS): While not classified as stock options, RSS are also commonly included in stock option plans. RSS grant region managers the right to receive shares of company stock or the cash equivalent, subject to specific vesting periods or performance metrics. RSS align the interests of region managers with shareholders' long-term interests, fostering a commitment to sustained company growth. The Wake North Carolina Stock Option Plan of Stewart Information Services Corp. for Region Managers reinforces the company's commitment to recognizing and rewarding the efforts and successes of its region managers in Wake County, North Carolina. By offering varying types of stock options, the plan provides region managers with attractive financial prospects and a stake in the company's future growth, motivating them to excel, drive innovation, and deliver outstanding results.