Middlesex Massachusetts Stock Option Plan of Stewart Information Services Corp. for Region Managers

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Stock Option Plan of Stewart Information Services Corp. is a comprehensive compensation program designed specifically for Region Managers within the company. This plan offers a range of stock options to region managers as an incentive and reward for their contributions towards the company's success. The Middlesex Massachusetts Stock Option Plan is a vital part of Stewart Information Services Corp.'s overall employee benefits package. It aims to attract and retain highly skilled professionals by providing them with an opportunity to benefit from the company's growth and financial success. Under this plan, region managers are granted stock options at specific intervals based on their performance and position within the company. These stock options allow managers to purchase company stock at a predetermined price, offering them the potential to profit from any increase in stock value over time. The Middlesex Massachusetts Stock Option Plan offers several types of stock options to region managers: 1. Non-Qualified Stock Options: These options provide region managers with the flexibility to purchase company stock at a predetermined price within a specified timeframe. These options do not qualify for special tax treatment, making them ideal for region managers who are not necessarily interested in long-term investment. 2. Incentive Stock Options: These options are granted exclusively to region managers and are subject to various tax benefits, as outlined by the Internal Revenue Code. Incentive stock options promote long-term investment as they require managers to hold the stock for a specific period, typically two years, before selling. 3. Restricted Stock Units (RSS): RSS are another type of stock option included in the Middlesex Massachusetts Stock Option Plan. These units represent shares of company stock that are granted to region managers, but without requiring them to make an upfront purchase. RSS vest over a specified period, incentivizing managers to remain with the company for the long term. It is important to note that the specifics of the Middlesex Massachusetts Stock Option Plan may vary depending on the needs and regulations of the region. Region managers should consult the plan's documentation and guidelines to fully understand their eligibility, vesting schedule, tax implications, and exercise periods. Overall, the Middlesex Massachusetts Stock Option Plan is a valuable compensation tool for Stewart Information Services Corp. region managers, offering them the opportunity to align their financial interests with the company's performance and growth.