The Washington Key Employees' Restricted Stock Purchase Plan for Pulitzer Publishing Co. is a comprehensive program designed to incentivize and reward key employees of the company. This plan enables selected individuals to purchase restricted stock units (RSS) while adhering to specific eligibility and vesting criteria. Under this program, participating key employees are granted the opportunity to acquire a specific number of RSS at a discounted price. This RSS represents a promise to deliver shares of Pulitzer Publishing Co. stock at a future date, subject to fulfilling certain conditions. The plan aims to align the objectives of the company's key employees with the long-term success and growth of Pulitzer Publishing Co. The eligibility criteria for the Washington Key Employees' Restricted Stock Purchase Plan may include factors such as job position, years of service, performance evaluations, and contribution to the company's success. Key employees who meet the set criteria are granted the option to participate in the program and purchase RSS. The RSS acquired through the plan are typically subject to a vesting schedule, which establishes specific timelines and conditions for the shares to become fully owned by the key employee. This helps retain talented individuals within the organization and ensures their continued dedication towards achieving company objectives. It's important to note that there may be different types or levels of the Washington Key Employees' Restricted Stock Purchase Plan within Pulitzer Publishing Co. These may include: 1. Standard Plan: This is the basic version of the plan, available to all eligible key employees who meet the predetermined criteria. 2. Executive Plan: As the name suggests, this plan may be specifically designed for high-ranking executives within Pulitzer Publishing Co. These individuals may receive additional benefits or higher RSU allocations as part of their compensation package. 3. Performance-based Plan: This variation of the plan may be offered to key employees who have consistently demonstrated exceptional performance and contributed significantly to the company's growth. It may include additional RSU allocations or accelerated vesting schedules based on agreed-upon performance targets. 4. Long-term Incentive Plan: This type of plan may grant RSS to key employees as a crucial component of their long-term incentive package. It aims to foster loyalty, motivate retention, and encourage long-term commitment to Pulitzer Publishing Co. Keywords: Washington Key Employees' Restricted Stock Purchase Plan, Pulitzer Publishing Co., restricted stock units, RSS, eligibility criteria, vesting schedule, long-term incentive, high-ranking executives, performance-based, compensation package, retention.