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
Kansas Restricted Stock Plan of Sundstrand Corp.
State:
Multi-State
Control #:
US-CC-20-171D
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Restricted Stock Plan Of Sundstrand Corp.?
US Legal Forms - one of many most significant libraries of lawful types in America - gives a wide range of lawful papers templates you are able to acquire or produce. While using site, you will get a large number of types for organization and personal functions, sorted by groups, claims, or key phrases.You can find the most recent versions of types much like the Kansas Restricted Stock Plan of Sundstrand Corp. in seconds.
If you currently have a subscription, log in and acquire Kansas Restricted Stock Plan of Sundstrand Corp. in the US Legal Forms local library. The Down load key can look on every form you see. You gain access to all previously acquired types within the My Forms tab of your own account.
In order to use US Legal Forms the very first time, listed here are easy guidelines to get you started:
- Be sure you have picked the correct form for the town/region. Go through the Preview key to review the form`s articles. Look at the form description to ensure that you have chosen the correct form.
- When the form does not match your demands, use the Lookup industry near the top of the display to discover the one which does.
- In case you are happy with the shape, validate your choice by clicking the Purchase now key. Then, choose the rates plan you favor and provide your references to register for an account.
- Process the financial transaction. Make use of your bank card or PayPal account to perform the financial transaction.
- Pick the file format and acquire the shape on your device.
- Make adjustments. Fill out, edit and produce and sign the acquired Kansas Restricted Stock Plan of Sundstrand Corp..
Every template you included with your account lacks an expiration particular date and is also the one you have forever. So, if you would like acquire or produce an additional duplicate, just proceed to the My Forms section and then click on the form you need.
Gain access to the Kansas Restricted Stock Plan of Sundstrand Corp. with US Legal Forms, the most substantial local library of lawful papers templates. Use a large number of skilled and express-distinct templates that meet up with your organization or personal demands and demands.
Form popularity
FAQ
A restricted stock lapse occurs when the restrictions on the stock grant are lifted, granting employees full control over the shares. The most common restriction is the vesting period, which defines the length of time an employee must remain with the company to gain ownership rights.
When you're granted stock options, you have the option to purchase company stock at a specific price before a certain date. Whether you actually purchase the stock is entirely up to you. RSUs, on the other hand, grant you the stock itself once the vesting period is complete. You don't have to purchase it.
What Are the Disadvantages of Restricted Stock Units? Lack of dividends. As mentioned earlier, restricted stocks have no real value until vested, hence, no dividends are paid on the shares even though they may be allocated to employees. ... No voting rights. ... Potential forfeiture of stocks.
Restricted stocks are unregistered shares that are non-transferable for holders until they meet certain conditions. Well-established companies offer restricted stocks to company executives and directors as a form of equity compensation. Some restrictive conditions may be particular tenure or specific performance goals.
Restricted stock units give employees interest in their employer's equity but have no tangible value until they are vested. The RSUs are assigned a fair market value (FMV) when they vest. Restricted stock units are considered income once vested, and a portion of the shares is withheld to pay income taxes.
Each RSU will correspond to a certain number and value of employer stock. For example, suppose your RSU agreement states that one RSU corresponds to one share of company stock, which currently trades for $20 per share. If you're offered 100 RSUs, then your units are worth 100 shares of stock with a value of $2,000.
When an employee receives Restricted Stock Units, they have an interest in the company's equity, but the units have no tangible value until they vest. Once the RSUs vest, the employee can keep, sell, or transfer the shares, just like any other stock. Companies use RSUs as a form of employee compensation or bonus.