Oregon Stock Purchase Assistance Plan of Gilbert Associates, Inc.

• Category: Corporations - Public - Loans to Employees
• State: Multi-State
• Control #: US-CC-23-106E
• Format: Word; Rich Text

Description

23-106E 23-106E . . . Stock Purchase Assistance Plan under which Compensation Committee may extend loans to selected key executives for purpose of acquiring corporation stock, including exercise of employee stock options. All loans are full recourse loans, evidenced by a promissory note and secured by the shares purchased with loan proceeds and bear interest approximately equal to corporation's cost of borrowing The Oregon Stock Purchase Assistance Plan (OS PAP) offered by Gilbert Associates, Inc. is an employee benefit program designed to provide financial support and incentives for employees to invest in the company's stocks. This plan provides several options and benefits to help employees with stock purchases and maximize their potential returns. The OS PAP is available to all eligible employees of Gilbert Associates, Inc. who meet certain criteria. It allows employees to purchase company stocks at a discounted price, typically at a reduced rate compared to the market value. This discount can help employees acquire more shares for their investment, thereby increasing their potential profits in the long run. There are different types of Oregon Stock Purchase Assistance Plans offered by Gilbert Associates, Inc., tailoring to the diverse needs and preferences of employees. Some notable variations of the OS PAP include: 1. Basic Stock Purchase Plan: This plan allows employees to purchase company stocks at a fixed discount rate, often ranging between 10% to 20% off the market value. The discount rate may vary depending on the employee's position, length of service, or other factors. 2. Performance-based Stock Purchase Plan: Gilbert Associates, Inc. may introduce a performance-based OS PAP, rewarding employees based on their individual performance or the company's overall performance. This plan encourages employees to contribute to the growth and success of the company, as their stock purchasing options may increase based on predefined performance targets. 3. Vesting Stock Purchase Plan: In some cases, Gilbert Associates, Inc. could implement a vesting period for the OS PAP. This means that employees must stay with the company for a certain duration, usually a few years, before they fully own the purchased stocks. This arrangement incentivizes employee loyalty and commitment to the organization. 4. Stock Matching Program: Gilbert Associates, Inc. may offer a stock matching program as part of the OS PAP. This means that for every stock an employee purchases, the company matches it with additional stocks, effectively doubling their initial investment. This generous matching program provides employees with a heightened opportunity to accumulate shares and build their investment portfolio. 5. Retirement-focused Stock Purchase Plan: As part of the retirement benefits package, Gilbert Associates, Inc. may offer a specialized OS PAP designed to aid employees in building a significant stock-based retirement corpus. The plan may include additional benefits such as tax advantages or deferred taxation on stock gains until retirement, ensuring a financially secure future for employees. Through the Oregon Stock Purchase Assistance Plan, Gilbert Associates, Inc. aims to create a mutually beneficial relationship between the company and its employees. By encouraging employee ownership and investment in company stocks, this comprehensive benefit program motivates employees to actively participate in the success of the organization while also providing them with potential financial growth and stability.

The Oregon Stock Purchase Assistance Plan (OS PAP) offered by Gilbert Associates, Inc. is an employee benefit program designed to provide financial support and incentives for employees to invest in the company's stocks. This plan provides several options and benefits to help employees with stock purchases and maximize their potential returns. The OS PAP is available to all eligible employees of Gilbert Associates, Inc. who meet certain criteria. It allows employees to purchase company stocks at a discounted price, typically at a reduced rate compared to the market value. This discount can help employees acquire more shares for their investment, thereby increasing their potential profits in the long run. There are different types of Oregon Stock Purchase Assistance Plans offered by Gilbert Associates, Inc., tailoring to the diverse needs and preferences of employees. Some notable variations of the OS PAP include: 1. Basic Stock Purchase Plan: This plan allows employees to purchase company stocks at a fixed discount rate, often ranging between 10% to 20% off the market value. The discount rate may vary depending on the employee's position, length of service, or other factors. 2. Performance-based Stock Purchase Plan: Gilbert Associates, Inc. may introduce a performance-based OS PAP, rewarding employees based on their individual performance or the company's overall performance. This plan encourages employees to contribute to the growth and success of the company, as their stock purchasing options may increase based on predefined performance targets. 3. Vesting Stock Purchase Plan: In some cases, Gilbert Associates, Inc. could implement a vesting period for the OS PAP. This means that employees must stay with the company for a certain duration, usually a few years, before they fully own the purchased stocks. This arrangement incentivizes employee loyalty and commitment to the organization. 4. Stock Matching Program: Gilbert Associates, Inc. may offer a stock matching program as part of the OS PAP. This means that for every stock an employee purchases, the company matches it with additional stocks, effectively doubling their initial investment. This generous matching program provides employees with a heightened opportunity to accumulate shares and build their investment portfolio. 5. Retirement-focused Stock Purchase Plan: As part of the retirement benefits package, Gilbert Associates, Inc. may offer a specialized OS PAP designed to aid employees in building a significant stock-based retirement corpus. The plan may include additional benefits such as tax advantages or deferred taxation on stock gains until retirement, ensuring a financially secure future for employees. Through the Oregon Stock Purchase Assistance Plan, Gilbert Associates, Inc. aims to create a mutually beneficial relationship between the company and its employees. By encouraging employee ownership and investment in company stocks, this comprehensive benefit program motivates employees to actively participate in the success of the organization while also providing them with potential financial growth and stability.