Contra Costa California Restricted Stock Plan of Sundstrand Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Contra Costa
• Control #: US-CC-20-171D
• Format: Word; Rich Text

Description

20-171D 20-171D . . . Restricted Stock Plan under which a committee of Board of Directors sells shares of common stock to certain officers and senior employees at a price substantially below current market price. The shares are subject to following restrictions: (a) prohibition against any sale or other transfer and (b) obligation that participant (at corporation's option) must resell shares to corporation at price he paid for them if he ceases to be employed by corporation prior to expiration of from five to nine years after shares were sold to him, for reasons other than normal retirement, death, total disability or early retirement with consent of Board or committee. Except as otherwise provided, restrictions lapse as to 1/5 of aggregate number of participant's shares at expiration or each of fifth through ninth years after his purchase of such shares The Contra Costa California Restricted Stock Plan of Bandstand Corp. is a comprehensive compensation program designed to reward and retain employees of Bandstand Corp. Located in the Contra Costa County of California, this restricted stock plan offers key benefits and incentives to eligible individuals. Under this plan, employees are granted restricted stock units (RSS), which represent a specific number of shares of Bandstand Corp. stock. This RSS is subject to certain restrictions, typically including a vesting period, which ensures that employees remain with the company for a specified length of time before fully owning the shares. The Contra Costa California Restricted Stock Plan is designed to align employee interests with those of the company's shareholders, as the value of the RSS is directly tied to the performance of Bandstand Corp. Employees who participate in this plan have the opportunity to share in the growth and success of the company by benefiting from any appreciation in stock value over time. This plan serves as a valuable tool for attracting and retaining top talent in Contra Costa County, California. It offers employees a long-term incentive to remain committed to their roles within the company and actively contribute to its success. By providing employees with a stake in the company's value and growth, the plan encourages a sense of ownership and loyalty among participants. Different types of Contra Costa California Restricted Stock Plans under Bandstand Corp. may include variations in vesting schedules, eligibility criteria, and the number of RSS granted to employees. Some plans might provide accelerated vesting options in the event of a change in control or merger, allowing employees to gain ownership of their RSS earlier than planned. The Contra Costa California Restricted Stock Plan of Bandstand Corp. ensures that employees have a vested interest in the long-term success and profitability of the company, fostering a culture of collaboration, innovation, and dedication among its workforce. By offering eligible employees an opportunity to own a stake in the company's future, this plan acts as a valuable tool for attracting, motivating, and retaining talented individuals in the competitive business landscape of Contra Costa County, California.

The Contra Costa California Restricted Stock Plan of Bandstand Corp. is a comprehensive compensation program designed to reward and retain employees of Bandstand Corp. Located in the Contra Costa County of California, this restricted stock plan offers key benefits and incentives to eligible individuals. Under this plan, employees are granted restricted stock units (RSS), which represent a specific number of shares of Bandstand Corp. stock. This RSS is subject to certain restrictions, typically including a vesting period, which ensures that employees remain with the company for a specified length of time before fully owning the shares. The Contra Costa California Restricted Stock Plan is designed to align employee interests with those of the company's shareholders, as the value of the RSS is directly tied to the performance of Bandstand Corp. Employees who participate in this plan have the opportunity to share in the growth and success of the company by benefiting from any appreciation in stock value over time. This plan serves as a valuable tool for attracting and retaining top talent in Contra Costa County, California. It offers employees a long-term incentive to remain committed to their roles within the company and actively contribute to its success. By providing employees with a stake in the company's value and growth, the plan encourages a sense of ownership and loyalty among participants. Different types of Contra Costa California Restricted Stock Plans under Bandstand Corp. may include variations in vesting schedules, eligibility criteria, and the number of RSS granted to employees. Some plans might provide accelerated vesting options in the event of a change in control or merger, allowing employees to gain ownership of their RSS earlier than planned. The Contra Costa California Restricted Stock Plan of Bandstand Corp. ensures that employees have a vested interest in the long-term success and profitability of the company, fostering a culture of collaboration, innovation, and dedication among its workforce. By offering eligible employees an opportunity to own a stake in the company's future, this plan acts as a valuable tool for attracting, motivating, and retaining talented individuals in the competitive business landscape of Contra Costa County, California.