Houston Texas Directors' Stock Deferral Plan for Norwest Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Houston
• Control #: US-CC-20-111C
• Format: Word; Rich Text

Description

20-111C 20-111C . . . Directors' Stock Deferral Plan which allow participants to defer to later year certain compensation which would otherwise be includable in income for tax purposes in year in which it would have been paid. The Plans also provide for investment of such compensation in deferred stock account in form of shares of corporation common stock Houston Texas Directors' Stock Deferral Plan is a unique benefit program offered by Nor west Corp. to its directors based in Houston, Texas. This plan enables directors to defer a portion of their compensation in the form of stock, providing them with a valuable long-term investment opportunity. As Nor west Corp. values the contribution and commitment of its directors, the Houston Texas Directors' Stock Deferral Plan grants them the flexibility to defer a specified percentage of their stock-based compensation. The plan aims to align the interests of the directors with the company's long-term growth objectives. Under this plan, directors have the freedom to choose from different deferral options, depending on their financial needs, retirement goals, and risk appetite. Here are the types of Houston Texas Directors' Stock Deferral Plans offered by Nor west Corp.: 1. Deferred Stock Account: Directors can elect to defer a portion of their annual stock compensation into a deferred stock account. This account then accumulates the deferred stock over time, providing directors with potential growth opportunities. 2. Restricted Stock Unit (RSU) Deferral: Directors can opt to defer their RSS granted by Nor west Corp. into a deferred account, allowing them to defer recognition of taxable income until a later date. The RSS accumulate value over time, following the company's stock performance. 3. Dividend Reinvestment Plan: This plan allows directors to reinvest cash dividends earned on their deferred stock into additional shares of Nor west Corp. This way, directors can enhance their investment returns by accumulating more shares effectively over time. 4. Stock Appreciation Rights (SAR) Deferral: Directors can elect to defer the settlement of their SARS and receive them as deferred stock. This enables directors to defer recognition of taxable income while maintaining exposure to the company's stock price appreciation. The Houston Texas Directors' Stock Deferral Plan aims to motivate and retain directors while providing them with valuable tax and investment advantages. By allowing directors to defer a portion of their compensation in stock, Nor west Corp. promotes a strong alignment of interests between directors and shareholders, fostering a long-term commitment to the company's success.

Houston Texas Directors' Stock Deferral Plan is a unique benefit program offered by Nor west Corp. to its directors based in Houston, Texas. This plan enables directors to defer a portion of their compensation in the form of stock, providing them with a valuable long-term investment opportunity. As Nor west Corp. values the contribution and commitment of its directors, the Houston Texas Directors' Stock Deferral Plan grants them the flexibility to defer a specified percentage of their stock-based compensation. The plan aims to align the interests of the directors with the company's long-term growth objectives. Under this plan, directors have the freedom to choose from different deferral options, depending on their financial needs, retirement goals, and risk appetite. Here are the types of Houston Texas Directors' Stock Deferral Plans offered by Nor west Corp.: 1. Deferred Stock Account: Directors can elect to defer a portion of their annual stock compensation into a deferred stock account. This account then accumulates the deferred stock over time, providing directors with potential growth opportunities. 2. Restricted Stock Unit (RSU) Deferral: Directors can opt to defer their RSS granted by Nor west Corp. into a deferred account, allowing them to defer recognition of taxable income until a later date. The RSS accumulate value over time, following the company's stock performance. 3. Dividend Reinvestment Plan: This plan allows directors to reinvest cash dividends earned on their deferred stock into additional shares of Nor west Corp. This way, directors can enhance their investment returns by accumulating more shares effectively over time. 4. Stock Appreciation Rights (SAR) Deferral: Directors can elect to defer the settlement of their SARS and receive them as deferred stock. This enables directors to defer recognition of taxable income while maintaining exposure to the company's stock price appreciation. The Houston Texas Directors' Stock Deferral Plan aims to motivate and retain directors while providing them with valuable tax and investment advantages. By allowing directors to defer a portion of their compensation in stock, Nor west Corp. promotes a strong alignment of interests between directors and shareholders, fostering a long-term commitment to the company's success.