Fairfax Virginia Management Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Fairfax
• Control #: US-CC-19-223D
• Format: Word; Rich Text

Description

19-223D 19-223D . . . Management Stock Purchase Plan under which Executive Compensation Committee can grant options to key employees (including officers) at prices equal to 60% of market value. Payment is made by delivery of five full recourse interest-bearing serial promissory notes, each for 20% of total purchase price, which mature on five succeeding anniversary dates of date of grant. Committee may forgive any payment of interest or principal on promissory notes if employee is then still employed by Company, has died, or become disabled or retired Fairfax Virginia Management (FM) Stock Purchase Plan is a program offered to employees of Fairfax Virginia Management and its affiliated companies, enabling them to purchase company stock at a discounted price. This plan serves as a way to incentivize and reward employees while also aligning their financial interests with the company's success. Under the FM Stock Purchase Plan, employees have the opportunity to allocate a portion of their salaries towards purchasing company stock. The deductions are made on a pre-tax basis, allowing employees to benefit from potential tax advantages. The stock purchased through this program is held in trust for employees and managed by a designated trustee. This stock purchase plan offers several advantages for employees. Firstly, it allows them to acquire shares of the company they work for, giving them a sense of ownership and pride. Furthermore, the discounted price at which the stock is offered provides a cost-effective means of acquiring shares. Additionally, this program provides an opportunity for employees to potentially accumulate wealth over time if the stock value appreciates. The Fairfax Virginia Management Stock Purchase Plan is versatile, allowing employees to customize their participation based on their individual financial goals. Employees can choose the percentage of their salary to allocate towards stock purchases, with certain limits imposed to ensure fairness and availability for all participants. The plan typically operates on a "payroll deduction" basis, making it convenient for employees to contribute regularly. It's worth noting that there may be variations or additional types of stock purchase plans offered by FM, each with its own distinct features or eligibility criteria. These variations could include: 1. Employee Stock Ownership Plan (ESOP): This plan allows employees to own a stake in the company, often through contributions made on their behalf by the company itself. Sops are designed to provide retirement benefits to employees, fostering a culture of long-term commitment and shared success. 2. Performance-Based Stock Purchase Plan: This plan rewards employees with stock options or discounted stock purchases based on their performance or achievement of specific targets. It serves as an additional incentive to motivate and retain high-performing employees. 3. Restricted Stock Unit (RSU) Plan: RSS are a form of equity compensation where employees receive units that convert into company stock over time. This plan is often used as a long-term incentive, encouraging loyalty and commitment to the company. Overall, the Fairfax Virginia Management Stock Purchase Plan is a valuable employee benefit that encourages engagement, loyalty, and a sense of ownership among its workforce. By providing discounted stock purchase opportunities, employees have the potential to participate in the company's financial growth and success.

Fairfax Virginia Management (FM) Stock Purchase Plan is a program offered to employees of Fairfax Virginia Management and its affiliated companies, enabling them to purchase company stock at a discounted price. This plan serves as a way to incentivize and reward employees while also aligning their financial interests with the company's success. Under the FM Stock Purchase Plan, employees have the opportunity to allocate a portion of their salaries towards purchasing company stock. The deductions are made on a pre-tax basis, allowing employees to benefit from potential tax advantages. The stock purchased through this program is held in trust for employees and managed by a designated trustee. This stock purchase plan offers several advantages for employees. Firstly, it allows them to acquire shares of the company they work for, giving them a sense of ownership and pride. Furthermore, the discounted price at which the stock is offered provides a cost-effective means of acquiring shares. Additionally, this program provides an opportunity for employees to potentially accumulate wealth over time if the stock value appreciates. The Fairfax Virginia Management Stock Purchase Plan is versatile, allowing employees to customize their participation based on their individual financial goals. Employees can choose the percentage of their salary to allocate towards stock purchases, with certain limits imposed to ensure fairness and availability for all participants. The plan typically operates on a "payroll deduction" basis, making it convenient for employees to contribute regularly. It's worth noting that there may be variations or additional types of stock purchase plans offered by FM, each with its own distinct features or eligibility criteria. These variations could include: 1. Employee Stock Ownership Plan (ESOP): This plan allows employees to own a stake in the company, often through contributions made on their behalf by the company itself. Sops are designed to provide retirement benefits to employees, fostering a culture of long-term commitment and shared success. 2. Performance-Based Stock Purchase Plan: This plan rewards employees with stock options or discounted stock purchases based on their performance or achievement of specific targets. It serves as an additional incentive to motivate and retain high-performing employees. 3. Restricted Stock Unit (RSU) Plan: RSS are a form of equity compensation where employees receive units that convert into company stock over time. This plan is often used as a long-term incentive, encouraging loyalty and commitment to the company. Overall, the Fairfax Virginia Management Stock Purchase Plan is a valuable employee benefit that encourages engagement, loyalty, and a sense of ownership among its workforce. By providing discounted stock purchase opportunities, employees have the potential to participate in the company's financial growth and success.