New Orleans Louisiana Management Stock Purchase Plan
Category:
State:
Multi-State
City:
New Orleans
Control #:
US-CC-19-223D
Format:
Word;
Rich Text
Instant download
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
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