Wisconsin 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 Wisconsin Executive Incentive Plan is a comprehensive program aimed at attracting and retaining top executive talent in the state. This plan provides enticing incentives to executives who choose to work and invest in Wisconsin, contributing to the state's economic growth and development. Under the Wisconsin Executive Incentive Plan, there are several types of incentive programs available, each designed to meet specific needs and objectives. These include: 1. Tax Incentives: Wisconsin offers various tax credits and exemptions to executives who invest in targeted industries or economically disadvantaged areas. These incentives help reduce the overall tax burden, encouraging executives to establish or expand their businesses in the state. 2. Job Creation Grants: Executives who create new jobs in Wisconsin can qualify for grants that provide financial assistance based on the number of jobs created and the wages associated with those positions. This encourages companies to hire locally and stimulate employment opportunities. 3. Workforce Development Support: The plan also focuses on supporting executive talent development and workforce training initiatives. Wisconsin offers grants and support for upskilling programs, helping executives enhance their skills and adapt to rapidly changing market demands. 4. Infrastructure Investment: Wisconsin recognizes the importance of robust infrastructure for executive success. To facilitate this, the plan includes incentives for executives who invest in critical infrastructure projects, such as transportation, broadband access, and utility upgrades. 5. Research and Development (R&D) Incentives: Executives involved in research and development activities may qualify for tax credits and grants, encouraging them to innovate and create cutting-edge products or services within the state. These incentives help foster a culture of innovation and entrepreneurship. 6. Export Assistance: Wisconsin aims to promote global trade and exports. Executives interested in expanding their markets and exporting products or services may receive support, such as market research, trade missions, and export financing assistance, to facilitate international growth. The Wisconsin Executive Incentive Plan aims to offer a comprehensive support system to executives, ensuring their success while contributing to the growth of the state's economy. By providing tax incentives, grants, workforce development, infrastructure support, R&D assistance, and export promotion, Wisconsin strives to maintain its competitive edge in attracting and retaining top executive talent.

The Wisconsin Executive Incentive Plan is a comprehensive program aimed at attracting and retaining top executive talent in the state. This plan provides enticing incentives to executives who choose to work and invest in Wisconsin, contributing to the state's economic growth and development. Under the Wisconsin Executive Incentive Plan, there are several types of incentive programs available, each designed to meet specific needs and objectives. These include: 1. Tax Incentives: Wisconsin offers various tax credits and exemptions to executives who invest in targeted industries or economically disadvantaged areas. These incentives help reduce the overall tax burden, encouraging executives to establish or expand their businesses in the state. 2. Job Creation Grants: Executives who create new jobs in Wisconsin can qualify for grants that provide financial assistance based on the number of jobs created and the wages associated with those positions. This encourages companies to hire locally and stimulate employment opportunities. 3. Workforce Development Support: The plan also focuses on supporting executive talent development and workforce training initiatives. Wisconsin offers grants and support for upskilling programs, helping executives enhance their skills and adapt to rapidly changing market demands. 4. Infrastructure Investment: Wisconsin recognizes the importance of robust infrastructure for executive success. To facilitate this, the plan includes incentives for executives who invest in critical infrastructure projects, such as transportation, broadband access, and utility upgrades. 5. Research and Development (R&D) Incentives: Executives involved in research and development activities may qualify for tax credits and grants, encouraging them to innovate and create cutting-edge products or services within the state. These incentives help foster a culture of innovation and entrepreneurship. 6. Export Assistance: Wisconsin aims to promote global trade and exports. Executives interested in expanding their markets and exporting products or services may receive support, such as market research, trade missions, and export financing assistance, to facilitate international growth. The Wisconsin Executive Incentive Plan aims to offer a comprehensive support system to executives, ensuring their success while contributing to the growth of the state's economy. By providing tax incentives, grants, workforce development, infrastructure support, R&D assistance, and export promotion, Wisconsin strives to maintain its competitive edge in attracting and retaining top executive talent.