Delaware Restricted Stock Plan of Sundstrand Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-171D
• Format: Word; Rich Text

Description

20-171D 20-171D . . . Restricted Stock Plan under which a committee of Board of Directors sells shares of common stock to certain officers and senior employees at a price substantially below current market price. The shares are subject to following restrictions: (a) prohibition against any sale or other transfer and (b) obligation that participant (at corporation's option) must resell shares to corporation at price he paid for them if he ceases to be employed by corporation prior to expiration of from five to nine years after shares were sold to him, for reasons other than normal retirement, death, total disability or early retirement with consent of Board or committee. Except as otherwise provided, restrictions lapse as to 1/5 of aggregate number of participant's shares at expiration or each of fifth through ninth years after his purchase of such shares The Delaware Restricted Stock Plan of Bandstand Corp. is a comprehensive employee compensation program offered by Bandstand Corp., a company based in Delaware. This plan allows eligible employees to acquire restricted stock in the corporation as part of their compensation package. Under the Delaware Restricted Stock Plan, employees are granted shares of stock that are subject to certain restrictions and vesting periods. These restrictions may include limitations on transferability, conditions on the sale or disposition of the shares, and forfeiture provisions if certain conditions are not met. One type of Delaware Restricted Stock Plan offered by Bandstand Corp. is the Performance-based Restricted Stock Plan. This plan is designed to reward employees based on the achievement of established performance goals or targets. Employees are granted restricted stock that becomes fully vested and transferable only after the specified performance goals are met. Another type is the Time-based Restricted Stock Plan. Under this plan, employees are granted restricted stock that vest over a specified period of time. Typically, a portion of the shares granted become vested each year, enabling employees to gradually acquire full ownership of the stock. The Delaware Restricted Stock Plan of Bandstand Corp. aims to offer employees the opportunity to acquire ownership in the company and align their interests with the overall success of the corporation. By providing incentives in the form of restricted stock, employees are motivated to contribute to the growth and profitability of Bandstand Corp. It is important to note that the specifics of the Delaware Restricted Stock Plan may vary based on individual employee eligibility, their position within the organization, and the company's discretion. Employees should consult the plan documents and speak with company representatives for detailed information on their specific stock plan and its terms and conditions. In summary, the Delaware Restricted Stock Plan of Bandstand Corp. presents employees with an opportunity to acquire ownership in the company and align their efforts with the corporation's success. Different types of plans are offered, including performance-based and time-based options, which provide employees with growth potential and rewards based on predefined goals or vesting schedules.

The Delaware Restricted Stock Plan of Bandstand Corp. is a comprehensive employee compensation program offered by Bandstand Corp., a company based in Delaware. This plan allows eligible employees to acquire restricted stock in the corporation as part of their compensation package. Under the Delaware Restricted Stock Plan, employees are granted shares of stock that are subject to certain restrictions and vesting periods. These restrictions may include limitations on transferability, conditions on the sale or disposition of the shares, and forfeiture provisions if certain conditions are not met. One type of Delaware Restricted Stock Plan offered by Bandstand Corp. is the Performance-based Restricted Stock Plan. This plan is designed to reward employees based on the achievement of established performance goals or targets. Employees are granted restricted stock that becomes fully vested and transferable only after the specified performance goals are met. Another type is the Time-based Restricted Stock Plan. Under this plan, employees are granted restricted stock that vest over a specified period of time. Typically, a portion of the shares granted become vested each year, enabling employees to gradually acquire full ownership of the stock. The Delaware Restricted Stock Plan of Bandstand Corp. aims to offer employees the opportunity to acquire ownership in the company and align their interests with the overall success of the corporation. By providing incentives in the form of restricted stock, employees are motivated to contribute to the growth and profitability of Bandstand Corp. It is important to note that the specifics of the Delaware Restricted Stock Plan may vary based on individual employee eligibility, their position within the organization, and the company's discretion. Employees should consult the plan documents and speak with company representatives for detailed information on their specific stock plan and its terms and conditions. In summary, the Delaware Restricted Stock Plan of Bandstand Corp. presents employees with an opportunity to acquire ownership in the company and align their efforts with the corporation's success. Different types of plans are offered, including performance-based and time-based options, which provide employees with growth potential and rewards based on predefined goals or vesting schedules.