Franklin Ohio Management Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Franklin
• 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

The Franklin Ohio Management Stock Purchase Plan is a unique investment opportunity offered by Franklin Ohio Management, a trusted and reputable financial firm. This plan allows individuals to buy stocks directly from the company, enabling them to become shareholders and benefit from potential growth and dividends. One key feature of the Franklin Ohio Management Stock Purchase Plan is its accessibility to employees of the company. The plan aims to strengthen the relationship between the firm and its employees by granting them the opportunity to purchase stocks at a discounted price. This not only serves as an excellent incentive for employee loyalty, but it also aligns their interests with the success of the company. Another notable aspect of the Franklin Ohio Management Stock Purchase Plan is its flexibility. The plan offers different types of stock purchase options to cater to each individual's investment preferences and financial goals. These options may include: 1. Employee Stock Purchase Plan (ESPN): This type of plan is available to all eligible employees and allows them to purchase shares of the company's stock at a discounted price. The discount is often a percentage off the market price, making it an attractive option for employees looking to invest in their company's growth. 2. Restricted Stock Units (RSS): RSS are a type of equity-based compensation that employers offer to their employees as part of their compensation package. Under this plan, employees are granted a certain number of units that will convert into company stock after a specific vesting period. RSS can provide employees with an opportunity to acquire company stock over time, motivating them to contribute to the firm's success. 3. Stock Option Plan: This plan enables employees to purchase company stock at a predetermined price, referred to as the strike price, within a specified time period. Stock options often provide a sense of ownership and an incentive for employees to work towards increasing the company's value, as the option to purchase stock at a potentially lower price than its current market value can be highly advantageous. The Franklin Ohio Management Stock Purchase Plan aims to promote employee ownership, boost loyalty, and drive company growth. It is a flexible investment opportunity that allows individuals to become shareholders at a discounted price through various options like ESPN, RSS, and Stock Option Plans. By offering these incentives, Franklin Ohio Management fosters a culture of shared success and strengthens the bond between the company and its employees.