Delaware Management Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-223D
• Format: Word; Rich Text

Description

19-223D 19-223D . . . Management Stock Purchase Plan under which Executive Compensation Committee can grant options to key employees (including officers) at prices equal to 60% of market value. Payment is made by delivery of five full recourse interest-bearing serial promissory notes, each for 20% of total purchase price, which mature on five succeeding anniversary dates of date of grant. Committee may forgive any payment of interest or principal on promissory notes if employee is then still employed by Company, has died, or become disabled or retired Delaware Management Stock Purchase Plan: A Comprehensive Overview The Delaware Management Stock Purchase Plan is a well-established program offered by Delaware Management Company, a leading investment management firm. This initiative provides an opportunity for eligible employees to invest in the company's stock through a convenient and structured approach. By participating in this plan, employees can potentially enhance their investment portfolio and align their financial interests with the company's growth. Key Features: 1. Accessibility: The Delaware Management Stock Purchase Plan ensures that eligible employees have the opportunity to participate in and benefit from the plan. This inclusive program encompasses employees at various levels, fostering a sense of ownership and empowerment. 2. Convenient Contributions: This plan offers employees the flexibility to contribute a percentage of their income towards purchasing Delaware Management Company's stock. These contributions can be made through payroll deductions, making the investment process seamless and hassle-free. 3. Attractive Discounts: One notable advantage of the Delaware Management Stock Purchase Plan is the potential for discounted stock purchase. Employees are often able to purchase company stock at a discounted price, which can significantly enhance their return on investment. 4. Competitive Investment Options: The plan provides a diversified range of investment options to match each employee's risk appetite and long-term financial goals. From conservative investment opportunities to more aggressive growth options, employees have the freedom to tailor their investment strategy. Types of Delaware Management Stock Purchase Plans: 1. Standard Stock Purchase Plan: This is the primary offering, available to all eligible employees. It allows participants to purchase company stock at a discounted price, typically at a predetermined percentage below the market value. 2. Managed Stock Purchase Plan: This plan offers employees additional benefits such as professional management and advice. It allows participants to delegate investment decisions to a team of experienced money managers, ensuring a carefully curated investment strategy aligned with their financial objectives. 3. Restricted Stock Purchase Plan: Unlike the traditional stock purchase plans, this variant offers employees the opportunity to acquire company stock by meeting specific performance goals or tenure requirements. The stocks acquired through this plan may be subject to vesting or resale restrictions, serving as a long-term incentive. 4. Stock Option Purchase Plan: This plan grants employees the right to purchase a specified number of company shares at a predetermined price within a specific period. Employees can exercise these options once they meet the plan's requirements, typically tied to the company's performance or specific milestones. In conclusion, the Delaware Management Stock Purchase Plan is an advantageous program that allows eligible employees to invest in Delaware Management Company's stock. With its accessible nature, convenient contributions, attractive discounts, and diverse investment options, this plan provides employees with an opportunity to grow their wealth while supporting the success of the company. Various types of the plan cater to different employee needs and objectives, ensuring a customized approach to stock ownership within the organization.

Delaware Management Stock Purchase Plan: A Comprehensive Overview The Delaware Management Stock Purchase Plan is a well-established program offered by Delaware Management Company, a leading investment management firm. This initiative provides an opportunity for eligible employees to invest in the company's stock through a convenient and structured approach. By participating in this plan, employees can potentially enhance their investment portfolio and align their financial interests with the company's growth. Key Features: 1. Accessibility: The Delaware Management Stock Purchase Plan ensures that eligible employees have the opportunity to participate in and benefit from the plan. This inclusive program encompasses employees at various levels, fostering a sense of ownership and empowerment. 2. Convenient Contributions: This plan offers employees the flexibility to contribute a percentage of their income towards purchasing Delaware Management Company's stock. These contributions can be made through payroll deductions, making the investment process seamless and hassle-free. 3. Attractive Discounts: One notable advantage of the Delaware Management Stock Purchase Plan is the potential for discounted stock purchase. Employees are often able to purchase company stock at a discounted price, which can significantly enhance their return on investment. 4. Competitive Investment Options: The plan provides a diversified range of investment options to match each employee's risk appetite and long-term financial goals. From conservative investment opportunities to more aggressive growth options, employees have the freedom to tailor their investment strategy. Types of Delaware Management Stock Purchase Plans: 1. Standard Stock Purchase Plan: This is the primary offering, available to all eligible employees. It allows participants to purchase company stock at a discounted price, typically at a predetermined percentage below the market value. 2. Managed Stock Purchase Plan: This plan offers employees additional benefits such as professional management and advice. It allows participants to delegate investment decisions to a team of experienced money managers, ensuring a carefully curated investment strategy aligned with their financial objectives. 3. Restricted Stock Purchase Plan: Unlike the traditional stock purchase plans, this variant offers employees the opportunity to acquire company stock by meeting specific performance goals or tenure requirements. The stocks acquired through this plan may be subject to vesting or resale restrictions, serving as a long-term incentive. 4. Stock Option Purchase Plan: This plan grants employees the right to purchase a specified number of company shares at a predetermined price within a specific period. Employees can exercise these options once they meet the plan's requirements, typically tied to the company's performance or specific milestones. In conclusion, the Delaware Management Stock Purchase Plan is an advantageous program that allows eligible employees to invest in Delaware Management Company's stock. With its accessible nature, convenient contributions, attractive discounts, and diverse investment options, this plan provides employees with an opportunity to grow their wealth while supporting the success of the company. Various types of the plan cater to different employee needs and objectives, ensuring a customized approach to stock ownership within the organization.