Franklin Ohio Stock Purchase Assistance Plan of Gilbert Associates, Inc.

• Category: Corporations - Public - Loans to Employees
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Stock Purchase Assistance Plan offered by Gilbert Associates, Inc. is designed to provide employees with the opportunity to invest in company stock while receiving financial assistance. This plan allows employees to become shareholders in Gilbert Associates, Inc., fostering a sense of ownership and commitment. Under this comprehensive program, employees are provided with various types of stock purchase assistance options to suit their individual needs and preferences. The plan aims to empower employees to build their financial future and align their interests with the success of the company. Here are some key features and types of the Franklin Ohio Stock Purchase Assistance Plan: 1. Employee Stock Purchase Plan (ESPN): The ESPN allows employees to purchase company stock at a discounted price, typically at a predetermined percentage below the market value. This scheme intends to encourage employees to take advantage of potential appreciation in the company's value while saving for the future. 2. Stock Option Plans: Gilbert Associates, Inc. may also offer stock option plans, such as Incentive Stock Options (SOS) or Non-Qualified Stock Options (SOS). These plans provide employees the opportunity to buy company stock at a specific price (the exercise price) within a specified timeframe. 3. Matching Contributions: To further support employee investment, the Franklin Ohio Stock Purchase Assistance Plan may offer a matching contribution scheme. This means that for every dollar an employee invests in company stock, Gilbert Associates, Inc. matches a percentage of that investment, effectively amplifying the employee's ownership stake. 4. Vesting Period: Stock purchase plans may include a vesting period, during which employees gradually gain ownership rights to the company stock. This incentivizes employees to stay with the company for a specific duration to fully benefit from their stock investments. 5. Financial Education and Guidance: Alongside the stock purchase assistance options, Gilbert Associates, Inc. may provide comprehensive financial education and guidance resources. These resources aim to empower employees to make informed decisions about stock purchases, understand the potential risks and rewards, and plan their overall financial well-being. By offering the Franklin Ohio Stock Purchase Assistance Plan, Gilbert Associates, Inc. demonstrates its commitment to creating a motivated and engaged workforce. This program not only provides employees with an opportunity for potential financial gain but also fosters a long-term partnership between employees and the company, ultimately driving mutual success.

The Franklin Ohio Stock Purchase Assistance Plan offered by Gilbert Associates, Inc. is designed to provide employees with the opportunity to invest in company stock while receiving financial assistance. This plan allows employees to become shareholders in Gilbert Associates, Inc., fostering a sense of ownership and commitment. Under this comprehensive program, employees are provided with various types of stock purchase assistance options to suit their individual needs and preferences. The plan aims to empower employees to build their financial future and align their interests with the success of the company. Here are some key features and types of the Franklin Ohio Stock Purchase Assistance Plan: 1. Employee Stock Purchase Plan (ESPN): The ESPN allows employees to purchase company stock at a discounted price, typically at a predetermined percentage below the market value. This scheme intends to encourage employees to take advantage of potential appreciation in the company's value while saving for the future. 2. Stock Option Plans: Gilbert Associates, Inc. may also offer stock option plans, such as Incentive Stock Options (SOS) or Non-Qualified Stock Options (SOS). These plans provide employees the opportunity to buy company stock at a specific price (the exercise price) within a specified timeframe. 3. Matching Contributions: To further support employee investment, the Franklin Ohio Stock Purchase Assistance Plan may offer a matching contribution scheme. This means that for every dollar an employee invests in company stock, Gilbert Associates, Inc. matches a percentage of that investment, effectively amplifying the employee's ownership stake. 4. Vesting Period: Stock purchase plans may include a vesting period, during which employees gradually gain ownership rights to the company stock. This incentivizes employees to stay with the company for a specific duration to fully benefit from their stock investments. 5. Financial Education and Guidance: Alongside the stock purchase assistance options, Gilbert Associates, Inc. may provide comprehensive financial education and guidance resources. These resources aim to empower employees to make informed decisions about stock purchases, understand the potential risks and rewards, and plan their overall financial well-being. By offering the Franklin Ohio Stock Purchase Assistance Plan, Gilbert Associates, Inc. demonstrates its commitment to creating a motivated and engaged workforce. This program not only provides employees with an opportunity for potential financial gain but also fosters a long-term partnership between employees and the company, ultimately driving mutual success.