Wake North Carolina Director stock program

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Wake
• 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 Wake North Carolina Director Stock Program is a unique program designed to empower individuals in Wake County, North Carolina, by offering them the opportunity to invest in stocks. This program allows residents of Wake County to become shareholders and benefit from the profits generated by the county's local corporations. One of the key goals of the Wake North Carolina Director Stock Program is to encourage economic growth and development within the region. By providing residents with the chance to invest in local businesses, the program aims to create a thriving economy that benefits both investors and the entire community. The Wake North Carolina Director Stock Program offers several types of investment options, catering to the diverse needs and preferences of the residents. These different types include: 1. Individual Stock Program: This option allows individuals to invest directly in stocks of their choice from a list of local corporations. Participants have the freedom to select the stocks they believe will yield favorable returns and align with their investment goals. 2. Dividend Reinvestment Program: This program enables shareholders to reinvest their dividends back into the same stocks, expanding their investment portfolio over time. Through reinvesting the profits, participants can potentially compound their earnings and achieve long-term financial growth. 3. Employee Stock Purchase Program (ESPN): This program is specifically designed for employees of local corporations, offering them opportunities to purchase company stocks at a discounted rate. ESPN is an effective way for employees to align their own financial goals with the success of their employer. 4. Corporate Stock Matching Program: Wake North Carolina Director Stock Program encourages corporations in the region to participate by offering a matching program. This means that when an employee purchases shares through their ESPN, the employer matches a certain percentage or dollar amount, effectively doubling the investment. It is important to note that the Wake North Carolina Director Stock Program encourages individuals to do thorough research and consider their investment objectives, risk tolerance, and financial situation before participating. Investing in stocks always carries a certain level of risk, and individuals should consult with financial advisors for personalized guidance. In summary, the Wake North Carolina Director Stock Program provides an avenue for residents of Wake County to invest in the local economy. With various investment options available, individuals can choose the strategy that aligns with their goals. Whether it's through individual stock investments, dividend reinvestment, or corporate matching programs, this program aims to foster economic prosperity and empower residents to benefit from the region's growth.

Wake North Carolina Director Stock Program is a unique program designed to empower individuals in Wake County, North Carolina, by offering them the opportunity to invest in stocks. This program allows residents of Wake County to become shareholders and benefit from the profits generated by the county's local corporations. One of the key goals of the Wake North Carolina Director Stock Program is to encourage economic growth and development within the region. By providing residents with the chance to invest in local businesses, the program aims to create a thriving economy that benefits both investors and the entire community. The Wake North Carolina Director Stock Program offers several types of investment options, catering to the diverse needs and preferences of the residents. These different types include: 1. Individual Stock Program: This option allows individuals to invest directly in stocks of their choice from a list of local corporations. Participants have the freedom to select the stocks they believe will yield favorable returns and align with their investment goals. 2. Dividend Reinvestment Program: This program enables shareholders to reinvest their dividends back into the same stocks, expanding their investment portfolio over time. Through reinvesting the profits, participants can potentially compound their earnings and achieve long-term financial growth. 3. Employee Stock Purchase Program (ESPN): This program is specifically designed for employees of local corporations, offering them opportunities to purchase company stocks at a discounted rate. ESPN is an effective way for employees to align their own financial goals with the success of their employer. 4. Corporate Stock Matching Program: Wake North Carolina Director Stock Program encourages corporations in the region to participate by offering a matching program. This means that when an employee purchases shares through their ESPN, the employer matches a certain percentage or dollar amount, effectively doubling the investment. It is important to note that the Wake North Carolina Director Stock Program encourages individuals to do thorough research and consider their investment objectives, risk tolerance, and financial situation before participating. Investing in stocks always carries a certain level of risk, and individuals should consult with financial advisors for personalized guidance. In summary, the Wake North Carolina Director Stock Program provides an avenue for residents of Wake County to invest in the local economy. With various investment options available, individuals can choose the strategy that aligns with their goals. Whether it's through individual stock investments, dividend reinvestment, or corporate matching programs, this program aims to foster economic prosperity and empower residents to benefit from the region's growth.