Maricopa Arizona Executive Incentive Plan

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Maricopa
• Control #: US-CC-20-270
• Format: Word; Rich Text

Description

20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant The Maricopa Arizona Executive Incentive Plan is a comprehensive program designed to attract, motivate, and retain top executive talent within the city of Maricopa, Arizona. This plan serves as an effective tool for promoting economic growth, fostering innovation, and ensuring the city remains competitive in today's dynamic business environment. As a part of the plan, various types of executive incentive programs are available to eligible participants. These programs are tailored to cater to different sectors and industries, promoting diverse business development within Maricopa. Some key types of Maricopa Arizona Executive Incentive Plans include: 1. Business Expansion Incentives: This program aims to encourage existing businesses to expand their operations within Maricopa. Eligible executives receive financial incentives, tax breaks, and reduced fees to drive expansion and boost job creation. 2. Job Creation Incentives: To stimulate employment in Maricopa, this program provides incentives to companies that create new job opportunities within the city. Executives involved in such projects may benefit from tax credits, grants, or subsidized training programs. 3. Innovation and Research Incentives: Designed to support innovative companies, this plan offers incentives to executives engaged in research and development activities. Financial assistance, grants, and access to specialized resources are provided to foster innovation and technological advancements. 4. Foreign Direct Investment Incentives: This program is specifically targeted at attracting foreign businesses to invest in Maricopa. Executives associated with such investment initiatives may receive incentives such as low-interest loans, tax exemptions, and expedited transit permits. 5. Green and Sustainable Development Incentives: Aimed at promoting environmentally friendly practices and green business initiatives, this plan rewards executives who lead sustainable development projects. Incentives may include tax abatement, renewable energy grants, and support for energy-efficient infrastructure. The Maricopa Arizona Executive Incentive Plans are administered by the city's economic development department. Eligibility criteria, application processes, and further details for each incentive program can be found on the official city website. These plans are continuously reviewed and updated to align with changing economic priorities and foster growth and prosperity in Maricopa, Arizona.

The Maricopa Arizona Executive Incentive Plan is a comprehensive program designed to attract, motivate, and retain top executive talent within the city of Maricopa, Arizona. This plan serves as an effective tool for promoting economic growth, fostering innovation, and ensuring the city remains competitive in today's dynamic business environment. As a part of the plan, various types of executive incentive programs are available to eligible participants. These programs are tailored to cater to different sectors and industries, promoting diverse business development within Maricopa. Some key types of Maricopa Arizona Executive Incentive Plans include: 1. Business Expansion Incentives: This program aims to encourage existing businesses to expand their operations within Maricopa. Eligible executives receive financial incentives, tax breaks, and reduced fees to drive expansion and boost job creation. 2. Job Creation Incentives: To stimulate employment in Maricopa, this program provides incentives to companies that create new job opportunities within the city. Executives involved in such projects may benefit from tax credits, grants, or subsidized training programs. 3. Innovation and Research Incentives: Designed to support innovative companies, this plan offers incentives to executives engaged in research and development activities. Financial assistance, grants, and access to specialized resources are provided to foster innovation and technological advancements. 4. Foreign Direct Investment Incentives: This program is specifically targeted at attracting foreign businesses to invest in Maricopa. Executives associated with such investment initiatives may receive incentives such as low-interest loans, tax exemptions, and expedited transit permits. 5. Green and Sustainable Development Incentives: Aimed at promoting environmentally friendly practices and green business initiatives, this plan rewards executives who lead sustainable development projects. Incentives may include tax abatement, renewable energy grants, and support for energy-efficient infrastructure. The Maricopa Arizona Executive Incentive Plans are administered by the city's economic development department. Eligibility criteria, application processes, and further details for each incentive program can be found on the official city website. These plans are continuously reviewed and updated to align with changing economic priorities and foster growth and prosperity in Maricopa, Arizona.