Oregon Management Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-CC-19-223D
• Format: Word; Rich Text

Description

19-223D 19-223D . . . Management Stock Purchase Plan under which Executive Compensation Committee can grant options to key employees (including officers) at prices equal to 60% of market value. Payment is made by delivery of five full recourse interest-bearing serial promissory notes, each for 20% of total purchase price, which mature on five succeeding anniversary dates of date of grant. Committee may forgive any payment of interest or principal on promissory notes if employee is then still employed by Company, has died, or become disabled or retired The Oregon Management Stock Purchase Plan is a unique employee benefit program offered by Oregon Management (OM) company. This program allows employees to purchase stocks of the company at discounted prices, providing them with an opportunity to own a stake in the company they work for. The primary purpose of the Oregon Management Stock Purchase Plan is to align the financial interests of employees with the success of the company. By providing employees with the ability to invest in the company's stock, it aims to create a sense of ownership and engagement among the workforce. There are several types of Oregon Management Stock Purchase Plans, each designed to cater to the needs and preferences of different groups of employees. These plans include: 1. Employee Stock Purchase Plan (ESPN): This plan allows all eligible employees to purchase company stocks at a discounted price. Employees can contribute a certain percentage of their salary towards this program, and the accumulated funds are then used to buy company stocks at specified intervals, such as quarterly or annually. 2. Executive Stock Option Plan: This plan is specifically designed for top-level executives and provides them with stock options at predetermined prices. Executives can exercise these options at a later date, allowing them to purchase stocks at the predetermined price, which can potentially yield significant financial gains if the stock price appreciates. 3. Restricted Stock Units (RSS): RSS are another form of stock-based compensation that may be offered to employees as part of the Oregon Management Stock Purchase Plan. Employees are granted a certain number of RSS, which vest over a predetermined period. Once the RSS vest, employees receive shares equivalent to the vested units. 4. Performance Stock Units (Plus): Plus are similar to RSS, but their vesting is contingent upon achieving specific performance-based goals or milestones. This type of stock plan is often used to incentivize and reward employees based on their individual or team performance. Overall, the Oregon Management Stock Purchase Plan aims to create a sense of ownership, loyalty, and motivation among employees by providing them with the opportunity to purchase stocks at a discounted price. By offering various types of stock purchase plans, the company caters to the diverse needs and roles of its employees, fostering a culture of financial participation and shared success.

The Oregon Management Stock Purchase Plan is a unique employee benefit program offered by Oregon Management (OM) company. This program allows employees to purchase stocks of the company at discounted prices, providing them with an opportunity to own a stake in the company they work for. The primary purpose of the Oregon Management Stock Purchase Plan is to align the financial interests of employees with the success of the company. By providing employees with the ability to invest in the company's stock, it aims to create a sense of ownership and engagement among the workforce. There are several types of Oregon Management Stock Purchase Plans, each designed to cater to the needs and preferences of different groups of employees. These plans include: 1. Employee Stock Purchase Plan (ESPN): This plan allows all eligible employees to purchase company stocks at a discounted price. Employees can contribute a certain percentage of their salary towards this program, and the accumulated funds are then used to buy company stocks at specified intervals, such as quarterly or annually. 2. Executive Stock Option Plan: This plan is specifically designed for top-level executives and provides them with stock options at predetermined prices. Executives can exercise these options at a later date, allowing them to purchase stocks at the predetermined price, which can potentially yield significant financial gains if the stock price appreciates. 3. Restricted Stock Units (RSS): RSS are another form of stock-based compensation that may be offered to employees as part of the Oregon Management Stock Purchase Plan. Employees are granted a certain number of RSS, which vest over a predetermined period. Once the RSS vest, employees receive shares equivalent to the vested units. 4. Performance Stock Units (Plus): Plus are similar to RSS, but their vesting is contingent upon achieving specific performance-based goals or milestones. This type of stock plan is often used to incentivize and reward employees based on their individual or team performance. Overall, the Oregon Management Stock Purchase Plan aims to create a sense of ownership, loyalty, and motivation among employees by providing them with the opportunity to purchase stocks at a discounted price. By offering various types of stock purchase plans, the company caters to the diverse needs and roles of its employees, fostering a culture of financial participation and shared success.