Phoenix Arizona Directors' Stock Deferral Plan for Norwest Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Phoenix
• 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 The Phoenix Arizona Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to allow directors of Nor west Corp. in Phoenix, Arizona, to defer the receipt of stock-based compensation. This plan provides a range of benefits and options, enabling directors to effectively manage their compensation and tax obligations for long-term financial planning. The Directors' Stock Deferral Plan offers several types of deferral options, each catering to the unique needs and preferences of individual directors. These options include: 1. Deferred Stock Unit (DSU) Option: Directors can opt to defer a certain portion of their compensation, converting it into DSS. DSS represents a notional number of shares, and the value of these units is tied to the performance of the corporation's stock price. This option allows directors to delay the receipt of income until a later date, typically upon retirement or separation from the board. 2. Stock Option Deferral: Directors can also choose to defer the exercise of stock options that they are granted as part of their compensation package. By deferring the exercise, directors can potentially delay the tax consequences associated with the exercise of these options, while still benefiting from any potential appreciation in the stock's value. 3. Dividend Reinvestment Option: Directors may elect to reinvest their dividend payments from stock-based compensation into additional shares or DSS, instead of receiving the dividends in cash. This option allows directors to grow their equity holdings over time while potentially benefiting from the compounding effect of reinvested dividends. The Phoenix Arizona Directors' Stock Deferral Plan ensures that directors have the flexibility to tailor their compensation arrangements to align with their personal financial goals. By deferring receipt of stock-based compensation, directors can potentially accumulate a substantial portfolio that grows alongside the corporation's success. This plan helps directors effectively manage taxes, optimize wealth accumulation, and plan for their future financial security. Overall, the Phoenix Arizona Directors' Stock Deferral Plan for Nor west Corp. is a valuable tool that empowers directors in Phoenix, Arizona, to have greater control over their compensation, allowing for personalized wealth management and long-term financial planning.

The Phoenix Arizona Directors' Stock Deferral Plan for Nor west Corp. is a comprehensive program designed to allow directors of Nor west Corp. in Phoenix, Arizona, to defer the receipt of stock-based compensation. This plan provides a range of benefits and options, enabling directors to effectively manage their compensation and tax obligations for long-term financial planning. The Directors' Stock Deferral Plan offers several types of deferral options, each catering to the unique needs and preferences of individual directors. These options include: 1. Deferred Stock Unit (DSU) Option: Directors can opt to defer a certain portion of their compensation, converting it into DSS. DSS represents a notional number of shares, and the value of these units is tied to the performance of the corporation's stock price. This option allows directors to delay the receipt of income until a later date, typically upon retirement or separation from the board. 2. Stock Option Deferral: Directors can also choose to defer the exercise of stock options that they are granted as part of their compensation package. By deferring the exercise, directors can potentially delay the tax consequences associated with the exercise of these options, while still benefiting from any potential appreciation in the stock's value. 3. Dividend Reinvestment Option: Directors may elect to reinvest their dividend payments from stock-based compensation into additional shares or DSS, instead of receiving the dividends in cash. This option allows directors to grow their equity holdings over time while potentially benefiting from the compounding effect of reinvested dividends. The Phoenix Arizona Directors' Stock Deferral Plan ensures that directors have the flexibility to tailor their compensation arrangements to align with their personal financial goals. By deferring receipt of stock-based compensation, directors can potentially accumulate a substantial portfolio that grows alongside the corporation's success. This plan helps directors effectively manage taxes, optimize wealth accumulation, and plan for their future financial security. Overall, the Phoenix Arizona Directors' Stock Deferral Plan for Nor west Corp. is a valuable tool that empowers directors in Phoenix, Arizona, to have greater control over their compensation, allowing for personalized wealth management and long-term financial planning.