Hawaii Directors' Stock Deferral Plan for Norwest Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-111C
• Format: Word; Rich Text

Description

20-111C 20-111C . . . Directors' Stock Deferral Plan which allow participants to defer to later year certain compensation which would otherwise be includable in income for tax purposes in year in which it would have been paid. The Plans also provide for investment of such compensation in deferred stock account in form of shares of corporation common stock The Hawaii Directors' Stock Deferral Plan for Nor west Corp. is a financial program designed to offer directors a means to defer receiving stock compensation until a later date. This plan allows directors to delay the receipt of stock shares granted to them by Nor west Corp. and instead accumulate these shares over time, in order to create a more strategic approach towards their compensation. Directors who participate in the Hawaii Directors' Stock Deferral Plan have the opportunity to defer the delivery of shares for a specified period, typically until retirement. By deferring the receipt of stock, directors can take advantage of potential future stock price appreciation and potentially benefit from favorable tax treatment. One type of the Hawaii Directors' Stock Deferral Plan for Nor west Corp. is the Deferred Stock Account option. With this option, directors can allocate a specific percentage of their annual stock grants to be deferred. This deferred amount will be recorded in a separate account and will accumulate over time. Upon retirement or another specified event, directors can then receive their deferred shares or convert them into cash, based on the prevailing stock price. Another type is the Stock Unit Account option, which allows directors to defer their stock grants in the form of stock units rather than actual shares. Similar to the Deferred Stock Account, directors allocate a percentage of their grants to the Stock Unit Account. These units represent a notional amount of shares, and their value fluctuates based on the performance of Nor west Corp.'s stock. Directors can convert these units into actual shares or cash upon retirement or a specified event. The Hawaii Directors' Stock Deferral Plan provides directors with the flexibility to customize their compensation strategy, ensuring their financial goals align with their personal circumstances. By deferring the receipt of stock grants, directors can potentially optimize their compensation structure, take advantage of long-term growth opportunities, and potentially manage their tax liabilities more efficiently. In summary, the Hawaii Directors' Stock Deferral Plan for Nor west Corp. is a program that enables directors to delay the receipt of stock grants until a later date, providing the potential for future stock price appreciation and strategic financial planning. The plan offers two main options: the Deferred Stock Account, which accumulates deferred shares until retirement, and the Stock Unit Account, which defers stock grants as notional units valued based on stock performance.

The Hawaii Directors' Stock Deferral Plan for Nor west Corp. is a financial program designed to offer directors a means to defer receiving stock compensation until a later date. This plan allows directors to delay the receipt of stock shares granted to them by Nor west Corp. and instead accumulate these shares over time, in order to create a more strategic approach towards their compensation. Directors who participate in the Hawaii Directors' Stock Deferral Plan have the opportunity to defer the delivery of shares for a specified period, typically until retirement. By deferring the receipt of stock, directors can take advantage of potential future stock price appreciation and potentially benefit from favorable tax treatment. One type of the Hawaii Directors' Stock Deferral Plan for Nor west Corp. is the Deferred Stock Account option. With this option, directors can allocate a specific percentage of their annual stock grants to be deferred. This deferred amount will be recorded in a separate account and will accumulate over time. Upon retirement or another specified event, directors can then receive their deferred shares or convert them into cash, based on the prevailing stock price. Another type is the Stock Unit Account option, which allows directors to defer their stock grants in the form of stock units rather than actual shares. Similar to the Deferred Stock Account, directors allocate a percentage of their grants to the Stock Unit Account. These units represent a notional amount of shares, and their value fluctuates based on the performance of Nor west Corp.'s stock. Directors can convert these units into actual shares or cash upon retirement or a specified event. The Hawaii Directors' Stock Deferral Plan provides directors with the flexibility to customize their compensation strategy, ensuring their financial goals align with their personal circumstances. By deferring the receipt of stock grants, directors can potentially optimize their compensation structure, take advantage of long-term growth opportunities, and potentially manage their tax liabilities more efficiently. In summary, the Hawaii Directors' Stock Deferral Plan for Nor west Corp. is a program that enables directors to delay the receipt of stock grants until a later date, providing the potential for future stock price appreciation and strategic financial planning. The plan offers two main options: the Deferred Stock Account, which accumulates deferred shares until retirement, and the Stock Unit Account, which defers stock grants as notional units valued based on stock performance.