Oregon Executive Incentive Plan

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-270
• Format: Word; Rich Text

Description

20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant The Oregon Executive Incentive Plan (EIP) is a program designed to attract and retain top executives in Oregon-based businesses. This initiative aims to reward executives and key personnel within these companies by offering a variety of incentives. The plan provides a competitive edge to Oregon-based businesses by offering enticing benefits to executives, encouraging them to choose Oregon as their professional destination. One type of Oregon Executive Incentive Plan is the Oregon Executive Retention Program (ORP). The ORP focuses on retaining key executives who have already been employed by Oregon-based businesses for a specific duration of time. Through the ORP, companies can provide long-term incentives to executives, ensuring their loyalty and dedication to the organization. Another type is the Oregon Executive Recruitment Program (ORP), aimed at attracting talented executives from outside of Oregon. This program offers various incentives to executives who are willing to relocate and work for an Oregon-based business. The ORP aims to entice executives with benefits such as relocation assistance, competitive compensation packages, and additional bonuses based on the executive's performance. The Oregon Executive Incentive Plan helps foster economic growth by creating a favorable environment for businesses to flourish and expand. Participating companies can provide exceptional executive benefits to attract leaders who can contribute to their growth and success. The plan offers a range of incentives, including performance-based bonuses, stock options, equity or profit-sharing opportunities, and retirement or pension plans. Additionally, the EIP encourages executives to engage in community service and contribute to the local economy. By supporting local non-profit organizations or getting involved in mentorship programs, executives can further enhance their experience and impact within the community. The Oregon Executive Incentive Plan is a comprehensive initiative that recognizes the importance of professional talent in driving economic growth and success. By offering a variety of incentives to attract and retain top executives, Oregon-based businesses can thrive in a competitive market. With programs like the Oregon Executive Retention Program and the Oregon Executive Recruitment Program, the EIP caters to the needs of both internal talent retention and external talent attraction, ensuring the state remains an attractive destination for executives.

The Oregon Executive Incentive Plan (EIP) is a program designed to attract and retain top executives in Oregon-based businesses. This initiative aims to reward executives and key personnel within these companies by offering a variety of incentives. The plan provides a competitive edge to Oregon-based businesses by offering enticing benefits to executives, encouraging them to choose Oregon as their professional destination. One type of Oregon Executive Incentive Plan is the Oregon Executive Retention Program (ORP). The ORP focuses on retaining key executives who have already been employed by Oregon-based businesses for a specific duration of time. Through the ORP, companies can provide long-term incentives to executives, ensuring their loyalty and dedication to the organization. Another type is the Oregon Executive Recruitment Program (ORP), aimed at attracting talented executives from outside of Oregon. This program offers various incentives to executives who are willing to relocate and work for an Oregon-based business. The ORP aims to entice executives with benefits such as relocation assistance, competitive compensation packages, and additional bonuses based on the executive's performance. The Oregon Executive Incentive Plan helps foster economic growth by creating a favorable environment for businesses to flourish and expand. Participating companies can provide exceptional executive benefits to attract leaders who can contribute to their growth and success. The plan offers a range of incentives, including performance-based bonuses, stock options, equity or profit-sharing opportunities, and retirement or pension plans. Additionally, the EIP encourages executives to engage in community service and contribute to the local economy. By supporting local non-profit organizations or getting involved in mentorship programs, executives can further enhance their experience and impact within the community. The Oregon Executive Incentive Plan is a comprehensive initiative that recognizes the importance of professional talent in driving economic growth and success. By offering a variety of incentives to attract and retain top executives, Oregon-based businesses can thrive in a competitive market. With programs like the Oregon Executive Retention Program and the Oregon Executive Recruitment Program, the EIP caters to the needs of both internal talent retention and external talent attraction, ensuring the state remains an attractive destination for executives.