Hillsborough Florida Management Stock Purchase Plan

• Category: Corporations - Public - Employees
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Management Stock Purchase Plan is a unique and comprehensive employee benefit program offered by Hillsborough County, Florida. This plan allows eligible employees to purchase company stock at a discounted price, thereby offering them an opportunity to invest in the growth and success of the organization. The Hillsborough Florida Management Stock Purchase Plan is designed to empower employees and further align their interests with the long-term goals of the county. By participating in this plan, employees can become part owners of the company, creating a sense of ownership and enhancing their overall engagement and commitment to their work. One of the key features of the Hillsborough Florida Management Stock Purchase Plan is its discounted stock price. Employees are provided the opportunity to purchase company stock at a lower price than the prevailing market rate, allowing them to benefit from potential future gains. This arrangement not only serves as an attractive financial incentive but also encourages employees to actively participate in the growth and profitability of the organization. Additionally, the Hillsborough Florida Management Stock Purchase Plan typically offers flexibility in terms of contribution amounts. Employees can choose to contribute a portion of their salary towards purchasing company stock, thereby tailoring the plan to their individual financial circumstances and goals. It is important to note that there may be different variations or tiers within the Hillsborough Florida Management Stock Purchase Plan, catering to various levels of management or tenure within the organization. These different types of plans may offer additional benefits or specific eligibility requirements to certain groups of employees, motivating them even further to partake in the program. Overall, the Hillsborough Florida Management Stock Purchase Plan provides employees with an invaluable opportunity to directly participate in the success and prosperity of Hillsborough County. It encourages a sense of loyalty, dedication, and motivation while simultaneously offering the potential for financial growth and stability. This employee benefit program reaffirms the county's commitment to valuing and investing in its workforce, ultimately resulting in a positive and mutually beneficial relationship between the organization and its employees.

The Hillsborough Florida Management Stock Purchase Plan is a unique and comprehensive employee benefit program offered by Hillsborough County, Florida. This plan allows eligible employees to purchase company stock at a discounted price, thereby offering them an opportunity to invest in the growth and success of the organization. The Hillsborough Florida Management Stock Purchase Plan is designed to empower employees and further align their interests with the long-term goals of the county. By participating in this plan, employees can become part owners of the company, creating a sense of ownership and enhancing their overall engagement and commitment to their work. One of the key features of the Hillsborough Florida Management Stock Purchase Plan is its discounted stock price. Employees are provided the opportunity to purchase company stock at a lower price than the prevailing market rate, allowing them to benefit from potential future gains. This arrangement not only serves as an attractive financial incentive but also encourages employees to actively participate in the growth and profitability of the organization. Additionally, the Hillsborough Florida Management Stock Purchase Plan typically offers flexibility in terms of contribution amounts. Employees can choose to contribute a portion of their salary towards purchasing company stock, thereby tailoring the plan to their individual financial circumstances and goals. It is important to note that there may be different variations or tiers within the Hillsborough Florida Management Stock Purchase Plan, catering to various levels of management or tenure within the organization. These different types of plans may offer additional benefits or specific eligibility requirements to certain groups of employees, motivating them even further to partake in the program. Overall, the Hillsborough Florida Management Stock Purchase Plan provides employees with an invaluable opportunity to directly participate in the success and prosperity of Hillsborough County. It encourages a sense of loyalty, dedication, and motivation while simultaneously offering the potential for financial growth and stability. This employee benefit program reaffirms the county's commitment to valuing and investing in its workforce, ultimately resulting in a positive and mutually beneficial relationship between the organization and its employees.