Fulton Georgia Restricted Stock Plan of Sundstrand Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Restricted Stock Plan of Bandstand Corp. is a comprehensive employee benefit program designed to incentivize and reward key team members within the company. This plan provides eligible employees with an opportunity to acquire company stock, subject to specific restrictions, to promote long-term commitment and align their interests with the overall success of Bandstand Corp. The Fulton Georgia Restricted Stock Plan offers a range of benefits and features to participants. By offering restricted stock, Bandstand Corp. ensures that employees have a vested interest in the company's growth and profitability. Participants receive shares of the company's stock, which are subject to certain restrictions, such as a predetermined vesting schedule or performance-based conditions. This plan fosters a sense of ownership among employees, motivating them to contribute to the company's success and share in its prosperity. Besides, as participants acquire shares, they become true stakeholders in Bandstand Corp., encouraging them to make strategic decisions that benefit both their personal financial goals and the company's growth trajectory. Under the Fulton Georgia Restricted Stock Plan, participants may have the option to receive dividends on their restricted shares, depending on the specific terms of the plan. Dividends can provide an additional income stream and further enhance the overall value of the restricted stock. It is worth noting that there may be variations or different types of the Fulton Georgia Restricted Stock Plan offered by Bandstand Corp. These variations could include different vesting schedules, performance criteria, or eligibility requirements tailored to meet the needs of specific employee groups or divisions within the company. In conclusion, the Fulton Georgia Restricted Stock Plan of Bandstand Corp. is a valuable employee benefit program that enables eligible employees to acquire company stock. It serves as a powerful tool to align employee interests with the overall success of Bandstand Corp. while cultivating a sense of ownership and motivating individuals to contribute to the company's growth and prosperity.

The Fulton Georgia Restricted Stock Plan of Bandstand Corp. is a comprehensive employee benefit program designed to incentivize and reward key team members within the company. This plan provides eligible employees with an opportunity to acquire company stock, subject to specific restrictions, to promote long-term commitment and align their interests with the overall success of Bandstand Corp. The Fulton Georgia Restricted Stock Plan offers a range of benefits and features to participants. By offering restricted stock, Bandstand Corp. ensures that employees have a vested interest in the company's growth and profitability. Participants receive shares of the company's stock, which are subject to certain restrictions, such as a predetermined vesting schedule or performance-based conditions. This plan fosters a sense of ownership among employees, motivating them to contribute to the company's success and share in its prosperity. Besides, as participants acquire shares, they become true stakeholders in Bandstand Corp., encouraging them to make strategic decisions that benefit both their personal financial goals and the company's growth trajectory. Under the Fulton Georgia Restricted Stock Plan, participants may have the option to receive dividends on their restricted shares, depending on the specific terms of the plan. Dividends can provide an additional income stream and further enhance the overall value of the restricted stock. It is worth noting that there may be variations or different types of the Fulton Georgia Restricted Stock Plan offered by Bandstand Corp. These variations could include different vesting schedules, performance criteria, or eligibility requirements tailored to meet the needs of specific employee groups or divisions within the company. In conclusion, the Fulton Georgia Restricted Stock Plan of Bandstand Corp. is a valuable employee benefit program that enables eligible employees to acquire company stock. It serves as a powerful tool to align employee interests with the overall success of Bandstand Corp. while cultivating a sense of ownership and motivating individuals to contribute to the company's growth and prosperity.