Salt Lake Utah Directors' Stock Deferral Plan for Norwest Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Directors' Stock Deferral Plan is a unique feature offered by Nor west Corp. specifically tailored for its directors based in Salt Lake City, Utah. This plan allows the directors to defer a portion of their compensation in the form of company stock, enabling them to enjoy potential benefits associated with stock ownership. The main purpose of the Salt Lake Utah Directors' Stock Deferral Plan is to align the interests of the directors with the long-term success of Nor west Corp. By deferring a portion of their compensation into company stock, directors have a vested interest in the company's performance and are motivated to make decisions that enhance shareholder value. Directors who choose to participate in the Salt Lake Utah Directors' Stock Deferral Plan can select a certain percentage of their compensation to be deferred. This percentage may vary based on the director's preference and financial situation. By deferring a portion of their compensation, directors can potentially benefit from any increase in Nor west Corp.'s stock price over time. Upon retirement or separation from Nor west Corp., directors can receive the deferred stock in the form of either a lump sum or periodic payments. These payments can help serve as retirement income or a financial cushion for directors, providing them with flexibility and security in their post-directorship years. It's important to note that Nor west Corp. may have various types or variations of the Directors' Stock Deferral Plan specific to different regions or subsidiaries. However, in this context, the plan reviewed is specifically designed for directors based in Salt Lake City, Utah. In summary, the Salt Lake Utah Directors' Stock Deferral Plan is an attractive option for Nor west Corp. directors located in Salt Lake City who want to have a vested interest in the company's performance and enjoy potential benefits associated with stock ownership. By deferring a portion of their compensation into company stock, directors can align their interests with the long-term success of Nor west Corp. and potentially enjoy a secure retirement income.

The Salt Lake Utah Directors' Stock Deferral Plan is a unique feature offered by Nor west Corp. specifically tailored for its directors based in Salt Lake City, Utah. This plan allows the directors to defer a portion of their compensation in the form of company stock, enabling them to enjoy potential benefits associated with stock ownership. The main purpose of the Salt Lake Utah Directors' Stock Deferral Plan is to align the interests of the directors with the long-term success of Nor west Corp. By deferring a portion of their compensation into company stock, directors have a vested interest in the company's performance and are motivated to make decisions that enhance shareholder value. Directors who choose to participate in the Salt Lake Utah Directors' Stock Deferral Plan can select a certain percentage of their compensation to be deferred. This percentage may vary based on the director's preference and financial situation. By deferring a portion of their compensation, directors can potentially benefit from any increase in Nor west Corp.'s stock price over time. Upon retirement or separation from Nor west Corp., directors can receive the deferred stock in the form of either a lump sum or periodic payments. These payments can help serve as retirement income or a financial cushion for directors, providing them with flexibility and security in their post-directorship years. It's important to note that Nor west Corp. may have various types or variations of the Directors' Stock Deferral Plan specific to different regions or subsidiaries. However, in this context, the plan reviewed is specifically designed for directors based in Salt Lake City, Utah. In summary, the Salt Lake Utah Directors' Stock Deferral Plan is an attractive option for Nor west Corp. directors located in Salt Lake City who want to have a vested interest in the company's performance and enjoy potential benefits associated with stock ownership. By deferring a portion of their compensation into company stock, directors can align their interests with the long-term success of Nor west Corp. and potentially enjoy a secure retirement income.