Montana Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-323
• Format: Word; Rich Text

Description

18-323 18-323 . . . Stock Option and Award Plan under which Committee can grant (a) Incentive Stock Options and Non-qualified Stock Options to persons other that outside directors, (b) Non-qualified Stock Options to outside directors (15,000 shares on his or her date of election or appointment and 15,000 shares every three years upon his or her re-election), (c) Restricted Stock, and (d) Performance Shares which have value equal to fair market value of share of stock on date Performance Share is earned. Committee sets performance goals which, depending on extent to which they are met, will determine number of Performance Shares that will be earned by Participants. Committee uses one or more of following performance measures for purposes of grants of Performance Shares: total stockholder return, return on assets, return on equity, earnings per share, and ratio of operating overhead to operating revenues

The Montana Stock Option and Award Plan is a comprehensive compensation and incentive plan established by Fresco, Inc., a leading financial services company. This plan aims to attract, retain, and motivate talented professionals by granting them stock options and awards tied to the company's performance. Under the Montana Stock Option and Award Plan, employees are granted the opportunity to purchase company stock at a predetermined price, known as the exercise price, within a specific timeframe. These stock options allow employees to participate in the company's growth and success, aligning their interests with Fresco's long-term viability. Furthermore, the plan encompasses various types of stock awards that are designed to reward exceptional performance and motivate employees to excel. These awards may come in the form of restricted stock units (RSS), performance shares, performance units, or stock appreciation rights (SARS). Each type of award has distinct eligibility criteria and vesting schedules, ensuring that employees are recognized and rewarded based on their individual contributions and objectives. The Montana Stock Option and Award Plan of Fresco, Inc. is meticulously designed to benefit both the company and its employees. It provides employees with a sense of ownership and aligns their financial success with the company's performance. For Fresco, it serves as a valuable tool for recruiting top-tier talent, fostering a culture of excellence, and enhancing shareholder value. In summary, the Montana Stock Option and Award Plan of Fresco, Inc. is a comprehensive compensation and incentive program that utilizes stock options and various stock awards to attract, retain, and motivate talented professionals. The plan encompasses different types of awards, including stock options, RSS, performance shares, performance units, and SARS, all designed to recognize exceptional performance and align the interests of employees with the long-term success of Fresco, Inc.