Travis Texas Director stock program

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Travis
• Control #: US-CC-18-172
• Format: Word; Rich Text

Description

18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock Travis Texas Director Stock Program is a unique initiative offered by Travis Texas, a leading investment firm based in Texas. Designed to enhance the financial well-being of their directors, this program allows them to invest in company stock as a means of strengthening their alignment with the organization's overall performance and growth. By providing directors with an opportunity to participate in the company's success, Travis Texas aims to foster a culture of ownership and collaboration. Through the Travis Texas Director Stock Program, directors have the option to purchase company stock at a discounted rate, often with favorable tax implications. This not only enables them to accumulate wealth but also demonstrates their long-term commitment to the organization. By investing in Travis Texas stock, directors become shareholders and have the potential to benefit from the company's future performance, including any increases in stock value and dividends. This program stands out due to its flexibility, as it offers various types of stock options to cater to the unique needs and preferences of different directors. These options may include: 1. Restricted Stock Units (RSS): RSS are an increasingly popular choice among directors. They provide a promise of future delivery of company shares at no cost to the directors, subject to certain vesting conditions. Typically, vesting occurs over a set period of time or upon achieving certain performance goals. 2. Stock Options: Travis Texas may also offer directors stock options, allowing them to purchase company shares at a predetermined price within a specified timeframe. This provides directors with the opportunity to acquire the stock at a favorable price, potentially yielding significant gains if the stock price appreciates. 3. Performance Stock Units (Plus): Plus link the directors' eligibility to receive company stock to the achievement of specific performance targets set by the organization. This incentivizes directors to contribute to the company's growth and success. It is worth noting that the availability of different types of Travis Texas Director Stock Program options might vary depending on the director's role, tenure, and other factors, all of which are determined by the company's policies and guidelines. In conclusion, Travis Texas Director Stock Program offers a comprehensive and dynamic framework for directors to invest in the company's stock. By enabling directors to become shareholders, this program encourages a vested interest in the organization's success and fosters a sense of ownership among its leaders. Through a range of stock options, including RSS, stock options, and Plus, Travis Texas ensures that directors can choose the option that best aligns with their individual goals and objectives.

Travis Texas Director Stock Program is a unique initiative offered by Travis Texas, a leading investment firm based in Texas. Designed to enhance the financial well-being of their directors, this program allows them to invest in company stock as a means of strengthening their alignment with the organization's overall performance and growth. By providing directors with an opportunity to participate in the company's success, Travis Texas aims to foster a culture of ownership and collaboration. Through the Travis Texas Director Stock Program, directors have the option to purchase company stock at a discounted rate, often with favorable tax implications. This not only enables them to accumulate wealth but also demonstrates their long-term commitment to the organization. By investing in Travis Texas stock, directors become shareholders and have the potential to benefit from the company's future performance, including any increases in stock value and dividends. This program stands out due to its flexibility, as it offers various types of stock options to cater to the unique needs and preferences of different directors. These options may include: 1. Restricted Stock Units (RSS): RSS are an increasingly popular choice among directors. They provide a promise of future delivery of company shares at no cost to the directors, subject to certain vesting conditions. Typically, vesting occurs over a set period of time or upon achieving certain performance goals. 2. Stock Options: Travis Texas may also offer directors stock options, allowing them to purchase company shares at a predetermined price within a specified timeframe. This provides directors with the opportunity to acquire the stock at a favorable price, potentially yielding significant gains if the stock price appreciates. 3. Performance Stock Units (Plus): Plus link the directors' eligibility to receive company stock to the achievement of specific performance targets set by the organization. This incentivizes directors to contribute to the company's growth and success. It is worth noting that the availability of different types of Travis Texas Director Stock Program options might vary depending on the director's role, tenure, and other factors, all of which are determined by the company's policies and guidelines. In conclusion, Travis Texas Director Stock Program offers a comprehensive and dynamic framework for directors to invest in the company's stock. By enabling directors to become shareholders, this program encourages a vested interest in the organization's success and fosters a sense of ownership among its leaders. Through a range of stock options, including RSS, stock options, and Plus, Travis Texas ensures that directors can choose the option that best aligns with their individual goals and objectives.