New Jersey 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 New Jersey Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to provide directors with significant flexibility and financial advantages when it comes to their stock compensation. This plan allows directors of Nor west Corp., a prominent financial services company, to defer the receipt of director fees, and instead, receive them in the form of company stock. Under this plan, directors have the option to defer a portion or the entirety of their fees and have them converted into shares of Nor west Corp.'s stock. By doing so, directors can delay the tax consequences associated with receiving cash compensation and instead benefit from potential future growth in the company's stock value. The deferral period typically spans several years, giving directors the opportunity to accumulate a significant stock holding over time. One notable feature of the New Jersey Directors' Stock Deferral Plan is the ability to choose from a variety of investment options for the deferred stock. Directors can allocate their deferred stock among specific investment alternatives, such as various mutual funds, fixed-income investments, or a broad selection of Nor west Corp. stock funds. This allows directors to customize their investment strategy based on their risk tolerance and financial goals. Furthermore, this plan offers directors the convenience of automatic reinvestment of dividend distributions. Any dividends paid on the deferred stock are automatically reinvested into additional shares of Nor west Corp.'s stock, further enhancing the potential for long-term growth and compounding of their investment. It's important to note that Nor west Corp. offers different types of New Jersey Directors' Stock Deferral Plans to cater to the diverse needs and preferences of their directors. Some of these may include variations in deferral periods, investment options, and payout alternatives. Directors can select the plan that aligns best with their personal financial objectives, ensuring a customized approach to their compensation. In summary, the New Jersey Directors' Stock Deferral Plan for Nor west Corp. is a groundbreaking program that provides directors with flexibility and financial advantages by allowing them to defer their director fees and convert them into Nor west Corp. stock. With a variety of investment options and the convenience of automatic dividend reinvestment, this plan enables directors to strategically grow their stock holding over time and potentially benefit from the company's future success.

The New Jersey Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to provide directors with significant flexibility and financial advantages when it comes to their stock compensation. This plan allows directors of Nor west Corp., a prominent financial services company, to defer the receipt of director fees, and instead, receive them in the form of company stock. Under this plan, directors have the option to defer a portion or the entirety of their fees and have them converted into shares of Nor west Corp.'s stock. By doing so, directors can delay the tax consequences associated with receiving cash compensation and instead benefit from potential future growth in the company's stock value. The deferral period typically spans several years, giving directors the opportunity to accumulate a significant stock holding over time. One notable feature of the New Jersey Directors' Stock Deferral Plan is the ability to choose from a variety of investment options for the deferred stock. Directors can allocate their deferred stock among specific investment alternatives, such as various mutual funds, fixed-income investments, or a broad selection of Nor west Corp. stock funds. This allows directors to customize their investment strategy based on their risk tolerance and financial goals. Furthermore, this plan offers directors the convenience of automatic reinvestment of dividend distributions. Any dividends paid on the deferred stock are automatically reinvested into additional shares of Nor west Corp.'s stock, further enhancing the potential for long-term growth and compounding of their investment. It's important to note that Nor west Corp. offers different types of New Jersey Directors' Stock Deferral Plans to cater to the diverse needs and preferences of their directors. Some of these may include variations in deferral periods, investment options, and payout alternatives. Directors can select the plan that aligns best with their personal financial objectives, ensuring a customized approach to their compensation. In summary, the New Jersey Directors' Stock Deferral Plan for Nor west Corp. is a groundbreaking program that provides directors with flexibility and financial advantages by allowing them to defer their director fees and convert them into Nor west Corp. stock. With a variety of investment options and the convenience of automatic dividend reinvestment, this plan enables directors to strategically grow their stock holding over time and potentially benefit from the company's future success.