Alameda California Stock Purchase Assistance Plan of Gilbert Associates, Inc.

• Category: Corporations - Public - Loans to Employees
• State: Multi-State
• County: Alameda
• Control #: US-CC-23-106E
• Format: Word; Rich Text

Description

23-106E 23-106E . . . Stock Purchase Assistance Plan under which Compensation Committee may extend loans to selected key executives for purpose of acquiring corporation stock, including exercise of employee stock options. All loans are full recourse loans, evidenced by a promissory note and secured by the shares purchased with loan proceeds and bear interest approximately equal to corporation's cost of borrowing The Alameda California Stock Purchase Assistance Plan is a program offered by Gilbert Associates, Inc. to its employees in Alameda, California. This program aims to provide financial assistance to employees who wish to purchase company stock, allowing them to become shareholders and benefit from the potential growth of the company. The Alameda California Stock Purchase Assistance Plan of Gilbert Associates, Inc. offers several types of assistance based on the employee's needs and preferences. These options include: 1. Employee Stock Purchase Plan (ESPN): This type of plan allows employees to purchase company stock at a discounted price, typically below the market value. The ESPN often has a specified enrollment period and may allow employees to contribute a certain percentage of their salary towards purchasing company stock. 2. Stock Options: Gilbert Associates, Inc.'s stock option plan grants employees the right to purchase company stock at a predetermined price, known as the exercise or strike price. This type of plan allows employees to buy the stock at a specified future date, giving them the potential to profit if the stock value increases. 3. Restricted Stock Units (RSS): RSS are another type of stock-based compensation program offered by Gilbert Associates, Inc. Under this plan, employees receive a certain number of RSS as part of their compensation. The RSS typically vest over a specific period, and upon vesting, employees are entitled to receive the company's stock. All of these Alameda California Stock Purchase Assistance Plans aim to encourage employee ownership by providing financial incentives and potential long-term benefits. By participating in these plans, employees not only have an opportunity to share in the company's success but also align their financial interests with the overall objectives of Gilbert Associates, Inc. Please note that this description is for illustrative purposes only, and it is recommended to refer to the official documentation or contact Gilbert Associates, Inc. for specific details on their Stock Purchase Assistance Plans.

The Alameda California Stock Purchase Assistance Plan is a program offered by Gilbert Associates, Inc. to its employees in Alameda, California. This program aims to provide financial assistance to employees who wish to purchase company stock, allowing them to become shareholders and benefit from the potential growth of the company. The Alameda California Stock Purchase Assistance Plan of Gilbert Associates, Inc. offers several types of assistance based on the employee's needs and preferences. These options include: 1. Employee Stock Purchase Plan (ESPN): This type of plan allows employees to purchase company stock at a discounted price, typically below the market value. The ESPN often has a specified enrollment period and may allow employees to contribute a certain percentage of their salary towards purchasing company stock. 2. Stock Options: Gilbert Associates, Inc.'s stock option plan grants employees the right to purchase company stock at a predetermined price, known as the exercise or strike price. This type of plan allows employees to buy the stock at a specified future date, giving them the potential to profit if the stock value increases. 3. Restricted Stock Units (RSS): RSS are another type of stock-based compensation program offered by Gilbert Associates, Inc. Under this plan, employees receive a certain number of RSS as part of their compensation. The RSS typically vest over a specific period, and upon vesting, employees are entitled to receive the company's stock. All of these Alameda California Stock Purchase Assistance Plans aim to encourage employee ownership by providing financial incentives and potential long-term benefits. By participating in these plans, employees not only have an opportunity to share in the company's success but also align their financial interests with the overall objectives of Gilbert Associates, Inc. Please note that this description is for illustrative purposes only, and it is recommended to refer to the official documentation or contact Gilbert Associates, Inc. for specific details on their Stock Purchase Assistance Plans.