Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc.

• Category: Corporations - Shareholders and Stock
• State: Multi-State
• Control #: US-CC-18-202D
• Format: Word; Rich Text

Description

18-202D 18-202D . . . Restricted Stock Plan and Trust Agreement for federal savings and loan association ("corporation") under which (a) corporation will contribute funds to Restricted Stock Plan ("Plan") and Plan will (i) purchase common stock in open market or (ii) purchase authorized but unissued shares of common stock from corporation, and (b) committee of Board of Directors can grant Restricted Stock Awards to directors, officers and key employees, Twenty percent of such Awards are earned and become non-forfeitable on one-year anniversary of date of grant and an additional 20% are earned and become non-forfeitable annually thereafter; provided that recipient of Award remains an employee or director of corporation during such period. Dividends paid on Restricted Stock Awards are held in arrears and distributed on date such applicable Restricted Stock Awards are earned The Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. Is a comprehensive employee benefit program designed to incentivize and reward key employees of the company. This plan involves the issuance of restricted stock units (RSS) to eligible employees, which grants them the right to receive shares of the company's common stock at a predetermined price. The Oregon Restricted Stock Plan and Trust Agreement is governed by specific rules and regulations set forth by the state of Oregon, ensuring compliance and transparency in the administration of the plan. This agreement outlines the terms and conditions under which the RSS are granted, including eligibility criteria, vesting schedules, and forfeiture provisions. Under this plan, Home Federal Savings and Loan Assoc. Establishes a trust to hold and administer the RSS on behalf of the participating employees. This trust acts as a separate legal entity, safeguarding the interests of both the company and the employees. The trust ensures that the RSS are held securely and are only distributed to employees once they meet the necessary vesting requirements. Different types of Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. May include: 1. Standard Restricted Stock Plan: This is the basic type of plan where eligible employees are granted RSS based on their performance and position within the company. The RSS typically vest over a certain period of time, encouraging long-term commitment and loyalty from the employees. 2. Performance-Based Restricted Stock Plan: This type of plan ties the vesting of RSS to specific performance goals or metrics achieved by the employee or the company as a whole. It encourages employees to actively contribute to the growth and success of the company. 3. Change in Control Restricted Stock Plan: This plan is triggered in the event of a change in control or ownership of Home Federal Savings and Loan Assoc., such as a merger or acquisition. It ensures that eligible employees are adequately compensated for their loyalty and contribution, even in times of organizational change. Overall, the Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. Serves as a crucial tool in attracting, retaining, and motivating top talent within the company. It aligns the interests of employees with the long-term success of the organization, fostering a culture of dedication and performance.

The Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. Is a comprehensive employee benefit program designed to incentivize and reward key employees of the company. This plan involves the issuance of restricted stock units (RSS) to eligible employees, which grants them the right to receive shares of the company's common stock at a predetermined price. The Oregon Restricted Stock Plan and Trust Agreement is governed by specific rules and regulations set forth by the state of Oregon, ensuring compliance and transparency in the administration of the plan. This agreement outlines the terms and conditions under which the RSS are granted, including eligibility criteria, vesting schedules, and forfeiture provisions. Under this plan, Home Federal Savings and Loan Assoc. Establishes a trust to hold and administer the RSS on behalf of the participating employees. This trust acts as a separate legal entity, safeguarding the interests of both the company and the employees. The trust ensures that the RSS are held securely and are only distributed to employees once they meet the necessary vesting requirements. Different types of Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. May include: 1. Standard Restricted Stock Plan: This is the basic type of plan where eligible employees are granted RSS based on their performance and position within the company. The RSS typically vest over a certain period of time, encouraging long-term commitment and loyalty from the employees. 2. Performance-Based Restricted Stock Plan: This type of plan ties the vesting of RSS to specific performance goals or metrics achieved by the employee or the company as a whole. It encourages employees to actively contribute to the growth and success of the company. 3. Change in Control Restricted Stock Plan: This plan is triggered in the event of a change in control or ownership of Home Federal Savings and Loan Assoc., such as a merger or acquisition. It ensures that eligible employees are adequately compensated for their loyalty and contribution, even in times of organizational change. Overall, the Oregon Restricted Stock Plan and Trust Agreement of Home Federal Savings and Loan Assoc. Serves as a crucial tool in attracting, retaining, and motivating top talent within the company. It aligns the interests of employees with the long-term success of the organization, fostering a culture of dedication and performance.