North Carolina 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 North Carolina Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to allow directors of the company to defer the receipt of stock into the future. This plan offers various types of deferral options for directors, providing them with flexibility and potential tax advantages. One of the primary types of the North Carolina Directors' Stock Deferral Plan is the "Deferred Cash Account." Under this option, directors may elect to defer the receipt of stock and instead have the equivalent value paid to them in cash at a later date. This feature allows directors to manage their cash flow effectively while still benefiting from the potential growth of Nor west Corp.'s stock. Another type of the Stock Deferral Plan is the "Restricted Stock Unit (RSU) Deferral." With this option, directors may choose to receive their stock awards in the form of RSS, which are essentially promises to deliver shares of stock in the future. By deferring the delivery of this RSS, directors can time the receipt of their stock to align with their individual financial goals or circumstances. The North Carolina Directors' Stock Deferral Plan also includes a "Stock Grant Deferral" feature. With this option, directors can elect to defer the receipt of stock grants for a specified period. By deferring the delivery of these grants, directors can potentially delay the recognition of taxable income, which can have significant tax advantages depending on their individual financial situation. All of these types of deferral options provide directors with the ability to align the timing of their stock awards with their personal financial goals, manage taxable income effectively, and potentially benefit from stock price appreciation in the future. Overall, the North Carolina Directors' Stock Deferral Plan for Nor west Corp. is a robust program that offers directors various options to defer the receipt of stock, providing them with flexibility, potential tax advantages, and the ability to align their compensation with their individual financial circumstances.

The North Carolina Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to allow directors of the company to defer the receipt of stock into the future. This plan offers various types of deferral options for directors, providing them with flexibility and potential tax advantages. One of the primary types of the North Carolina Directors' Stock Deferral Plan is the "Deferred Cash Account." Under this option, directors may elect to defer the receipt of stock and instead have the equivalent value paid to them in cash at a later date. This feature allows directors to manage their cash flow effectively while still benefiting from the potential growth of Nor west Corp.'s stock. Another type of the Stock Deferral Plan is the "Restricted Stock Unit (RSU) Deferral." With this option, directors may choose to receive their stock awards in the form of RSS, which are essentially promises to deliver shares of stock in the future. By deferring the delivery of this RSS, directors can time the receipt of their stock to align with their individual financial goals or circumstances. The North Carolina Directors' Stock Deferral Plan also includes a "Stock Grant Deferral" feature. With this option, directors can elect to defer the receipt of stock grants for a specified period. By deferring the delivery of these grants, directors can potentially delay the recognition of taxable income, which can have significant tax advantages depending on their individual financial situation. All of these types of deferral options provide directors with the ability to align the timing of their stock awards with their personal financial goals, manage taxable income effectively, and potentially benefit from stock price appreciation in the future. Overall, the North Carolina Directors' Stock Deferral Plan for Nor west Corp. is a robust program that offers directors various options to defer the receipt of stock, providing them with flexibility, potential tax advantages, and the ability to align their compensation with their individual financial circumstances.