Indiana 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 The Indiana Management Stock Purchase Plan, also known as IMS PP, is a program designed to give employees of Indiana Management Corporation the opportunity to purchase company stock. This plan serves as an attractive benefit for employees, as it provides them with a chance to be part of the company's ownership and share in its success. By participating in this plan, employees can build their personal investment portfolios while aligning their financial interests with the growth and profitability of Indiana Management Corporation. The Indiana Management Stock Purchase Plan offers several benefits to employees. Firstly, it allows them to purchase company stock at a discounted price, often at a predetermined discount percentage from the market value. This discount provides an immediate advantage to employees, enabling them to acquire stock at a lower cost than through conventional means. Additionally, the plan may offer tax advantages, allowing employees to defer taxes on the purchased stock until they choose to sell it. There are different types of Indiana Management Stock Purchase Plans, each providing unique features and options for employees. One common type is the Non-Qualified Stock Purchase Plan (NMPP), which offers flexibility to employees by allowing them to contribute a portion of their salary to purchase company stock. This plan typically does not require the stock to be held for a specific period before it can be sold. Another type of Indiana Management Stock Purchase Plan is the Employee Stock Purchase Plan (ESPN). This plan is governed by specific legal requirements and provides employees the opportunity to purchase company stock through payroll deductions. The ESPN often offers additional benefits such as a look-back provision, which allows participants to purchase stock at a discounted price based on the lowest of the beginning or ending of the contribution period's stock price. In summary, the Indiana Management Stock Purchase Plan (IMS PP) is a valuable employee benefit program that allows eligible employees to purchase company stock at a discounted price. These stock purchase plans, including the Non-Qualified Stock Purchase Plan (NMPP) and the Employee Stock Purchase Plan (ESPN), enable employees to become shareholders and benefit from the company's growth and success. Participating in the IMS PP helps employees build valuable investment portfolios while fostering a stronger sense of ownership and alignment with Indiana Management Corporation.

The Indiana Management Stock Purchase Plan, also known as IMS PP, is a program designed to give employees of Indiana Management Corporation the opportunity to purchase company stock. This plan serves as an attractive benefit for employees, as it provides them with a chance to be part of the company's ownership and share in its success. By participating in this plan, employees can build their personal investment portfolios while aligning their financial interests with the growth and profitability of Indiana Management Corporation. The Indiana Management Stock Purchase Plan offers several benefits to employees. Firstly, it allows them to purchase company stock at a discounted price, often at a predetermined discount percentage from the market value. This discount provides an immediate advantage to employees, enabling them to acquire stock at a lower cost than through conventional means. Additionally, the plan may offer tax advantages, allowing employees to defer taxes on the purchased stock until they choose to sell it. There are different types of Indiana Management Stock Purchase Plans, each providing unique features and options for employees. One common type is the Non-Qualified Stock Purchase Plan (NMPP), which offers flexibility to employees by allowing them to contribute a portion of their salary to purchase company stock. This plan typically does not require the stock to be held for a specific period before it can be sold. Another type of Indiana Management Stock Purchase Plan is the Employee Stock Purchase Plan (ESPN). This plan is governed by specific legal requirements and provides employees the opportunity to purchase company stock through payroll deductions. The ESPN often offers additional benefits such as a look-back provision, which allows participants to purchase stock at a discounted price based on the lowest of the beginning or ending of the contribution period's stock price. In summary, the Indiana Management Stock Purchase Plan (IMS PP) is a valuable employee benefit program that allows eligible employees to purchase company stock at a discounted price. These stock purchase plans, including the Non-Qualified Stock Purchase Plan (NMPP) and the Employee Stock Purchase Plan (ESPN), enable employees to become shareholders and benefit from the company's growth and success. Participating in the IMS PP helps employees build valuable investment portfolios while fostering a stronger sense of ownership and alignment with Indiana Management Corporation.