New Mexico Stock Option Plan of National Penn Bancshares, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-405D
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The New Mexico Stock Option Plan of National Penn Ranchers, Inc. (now known as BBT Corporation) is a comprehensive employee stock option program offered by the company to its employees based in New Mexico. This plan allows eligible employees to purchase company stock at a predetermined price within a specified time frame, providing them an opportunity to become shareholders of the company. The New Mexico Stock Option Plan of National Penn Ranchers, Inc. is designed to reward and incentivize employees with a vested interest in the long-term success and growth of the company. By offering stock options, National Penn Ranchers, Inc. aims to align the interests of its employees with those of the shareholders, fostering a sense of ownership and promoting a high-performance culture. The plan comes with various features and benefits that add value to the employees' compensation package. It is important to note that the specifics of the plan may vary, and attention should be given to the plan documents and any amendments or modifications made by the company. The New Mexico Stock Option Plan may consist of different types of stock options, including: 1. Non-Qualified Stock Options (Nests): These are stock options that do not meet the requirements laid out by the Internal Revenue Service (IRS) for favorable tax treatment. Nests are often granted to employees and can be exercised at any time within a specific exercise period. Upon exercising the options, the employee is generally liable for ordinary income tax on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Options (SOS): These stock options meet the criteria set by the IRS and enjoy favorable tax treatment. SOS are typically subject to certain restrictions, such as holding the stock for a specified period after exercise. If these requirements are met, the employee may qualify for long-term capital gains tax treatment on the sale of the stock. 3. Restricted Stock Units (RSS): While not technically options, RSS are another form of equity compensation commonly included in stock option plans. RSS grant employees the right to receive shares of stock at a future date, subject to certain restrictions and vesting schedules. Upon vesting, the employee receives the shares outright and becomes a shareholder of the company. It's important to review the specific terms, conditions, and expiration rules of the New Mexico Stock Option Plan provided by National Penn Ranchers, Inc. for complete comprehension. Employees should consult with relevant professionals, such as tax advisors or financial experts, to fully understand the implications and potential benefits of participating in the plan.

The New Mexico Stock Option Plan of National Penn Ranchers, Inc. (now known as BBT Corporation) is a comprehensive employee stock option program offered by the company to its employees based in New Mexico. This plan allows eligible employees to purchase company stock at a predetermined price within a specified time frame, providing them an opportunity to become shareholders of the company. The New Mexico Stock Option Plan of National Penn Ranchers, Inc. is designed to reward and incentivize employees with a vested interest in the long-term success and growth of the company. By offering stock options, National Penn Ranchers, Inc. aims to align the interests of its employees with those of the shareholders, fostering a sense of ownership and promoting a high-performance culture. The plan comes with various features and benefits that add value to the employees' compensation package. It is important to note that the specifics of the plan may vary, and attention should be given to the plan documents and any amendments or modifications made by the company. The New Mexico Stock Option Plan may consist of different types of stock options, including: 1. Non-Qualified Stock Options (Nests): These are stock options that do not meet the requirements laid out by the Internal Revenue Service (IRS) for favorable tax treatment. Nests are often granted to employees and can be exercised at any time within a specific exercise period. Upon exercising the options, the employee is generally liable for ordinary income tax on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Options (SOS): These stock options meet the criteria set by the IRS and enjoy favorable tax treatment. SOS are typically subject to certain restrictions, such as holding the stock for a specified period after exercise. If these requirements are met, the employee may qualify for long-term capital gains tax treatment on the sale of the stock. 3. Restricted Stock Units (RSS): While not technically options, RSS are another form of equity compensation commonly included in stock option plans. RSS grant employees the right to receive shares of stock at a future date, subject to certain restrictions and vesting schedules. Upon vesting, the employee receives the shares outright and becomes a shareholder of the company. It's important to review the specific terms, conditions, and expiration rules of the New Mexico Stock Option Plan provided by National Penn Ranchers, Inc. for complete comprehension. Employees should consult with relevant professionals, such as tax advisors or financial experts, to fully understand the implications and potential benefits of participating in the plan.