Hennepin Minnesota Restricted Stock Plan of Sundstrand Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Restricted Stock Plan of Bandstand Corp. is a comprehensive employee compensation program offered by Bandstand Corp., a prominent company based in Hennepin, Minnesota. This plan is designed to incentivize and reward employees by granting them restricted stock units (RSS) as a part of their overall compensation package. The Hennepin Minnesota Restricted Stock Plan offers employees the opportunity to acquire ownership of Bandstand Corp. through restricted stock units, which are awarded based on certain performance criteria or as a part of an employee's overall remuneration. This RSS generally have certain restrictions, such as a vesting schedule, or conditions that need to be met before they can be fully owned by the employee. The plan provides employees with a sense of ownership and alignment with the company's performance and long-term growth objectives. By receiving these restricted stock units, employees have a vested interest in driving performance and achieving the company's goals. This approach aims to motivate employees to not only excel in their individual roles but also contribute to the overall success of Bandstand Corp. It is important to note that the Hennepin Minnesota Restricted Stock Plan may have different types or variations. These variations may be based on the level of employee participation, job positions, or terms and conditions of the plan itself. Some potential types of the plan could include: 1. Hennepin Minnesota Restricted Stock Plan for Executives: This specific type of plan is targeted at senior-level executives within Bandstand Corp. and may have additional eligibility criteria or enhanced benefits compared to other employees. 2. Hennepin Minnesota Restricted Stock Plan for Top Performers: This variation of the plan could be specifically designed to reward and retain the company's top-performing employees who consistently meet or exceed performance targets. 3. Hennepin Minnesota Restricted Stock Plan for New Hires: Bandstand Corp. may offer a specific plan for newly hired employees to provide them with an opportunity to share in the company's success and align their interests with long-term growth objectives from the start of their employment. Overall, the Hennepin Minnesota Restricted Stock Plan of Bandstand Corp. serves as a vital tool for both retaining and incentivizing employees while fostering a sense of ownership, accountability, and alignment towards the company's performance and strategic objectives.

The Hennepin Minnesota Restricted Stock Plan of Bandstand Corp. is a comprehensive employee compensation program offered by Bandstand Corp., a prominent company based in Hennepin, Minnesota. This plan is designed to incentivize and reward employees by granting them restricted stock units (RSS) as a part of their overall compensation package. The Hennepin Minnesota Restricted Stock Plan offers employees the opportunity to acquire ownership of Bandstand Corp. through restricted stock units, which are awarded based on certain performance criteria or as a part of an employee's overall remuneration. This RSS generally have certain restrictions, such as a vesting schedule, or conditions that need to be met before they can be fully owned by the employee. The plan provides employees with a sense of ownership and alignment with the company's performance and long-term growth objectives. By receiving these restricted stock units, employees have a vested interest in driving performance and achieving the company's goals. This approach aims to motivate employees to not only excel in their individual roles but also contribute to the overall success of Bandstand Corp. It is important to note that the Hennepin Minnesota Restricted Stock Plan may have different types or variations. These variations may be based on the level of employee participation, job positions, or terms and conditions of the plan itself. Some potential types of the plan could include: 1. Hennepin Minnesota Restricted Stock Plan for Executives: This specific type of plan is targeted at senior-level executives within Bandstand Corp. and may have additional eligibility criteria or enhanced benefits compared to other employees. 2. Hennepin Minnesota Restricted Stock Plan for Top Performers: This variation of the plan could be specifically designed to reward and retain the company's top-performing employees who consistently meet or exceed performance targets. 3. Hennepin Minnesota Restricted Stock Plan for New Hires: Bandstand Corp. may offer a specific plan for newly hired employees to provide them with an opportunity to share in the company's success and align their interests with long-term growth objectives from the start of their employment. Overall, the Hennepin Minnesota Restricted Stock Plan of Bandstand Corp. serves as a vital tool for both retaining and incentivizing employees while fostering a sense of ownership, accountability, and alignment towards the company's performance and strategic objectives.