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
Alaska Restricted Stock Plan of Sundstrand Corp.
State:
Multi-State
Control #:
US-CC-20-171D
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Restricted Stock Plan Of Sundstrand Corp.?
It is possible to spend several hours online searching for the legitimate papers design that meets the state and federal demands you need. US Legal Forms gives a large number of legitimate types which are analyzed by pros. It is simple to acquire or printing the Alaska Restricted Stock Plan of Sundstrand Corp. from our assistance.
If you currently have a US Legal Forms accounts, it is possible to log in and then click the Acquire option. Next, it is possible to full, change, printing, or sign the Alaska Restricted Stock Plan of Sundstrand Corp.. Every single legitimate papers design you purchase is your own property forever. To get another backup for any acquired kind, go to the My Forms tab and then click the related option.
If you work with the US Legal Forms web site the first time, follow the easy guidelines beneath:
- Very first, ensure that you have selected the correct papers design for that county/area that you pick. Browse the kind information to ensure you have picked out the right kind. If readily available, use the Review option to search with the papers design also.
- If you want to discover another model in the kind, use the Search industry to get the design that meets your needs and demands.
- When you have found the design you desire, simply click Get now to carry on.
- Choose the rates plan you desire, type your accreditations, and sign up for your account on US Legal Forms.
- Comprehensive the transaction. You may use your credit card or PayPal accounts to cover the legitimate kind.
- Choose the formatting in the papers and acquire it for your gadget.
- Make adjustments for your papers if necessary. It is possible to full, change and sign and printing Alaska Restricted Stock Plan of Sundstrand Corp..
Acquire and printing a large number of papers web templates utilizing the US Legal Forms site, which provides the largest variety of legitimate types. Use expert and condition-distinct web templates to take on your business or specific needs.
Form popularity
FAQ
Since shares are not issued until vesting, RSUs don't pay dividends. However, an employer may provide employees with dividend equivalent payments on unvested RSUs. These equivalents are typically held in an escrow account to pay for tax withholding or purchase additional shares.
Restricted Stock Units (RSUs) refer to a grant of value equal to the amount of common stock in the company. RSUs are typically granted to new or valued employees as an incentive to hire or to achieve certain performance goals. For new hires, the RSU plan is typically part of the employee's initial compensation package.
A common strategy is to sell the shares as soon as the RSUs vest. Two benefits to this strategy are: There are usually little to no capital gains ramifications.
Usually, you'll lose all the RSUs that have not yet vested at the time of your resignation. They'll be forfeited back to the company, and you'll walk away with nothing for those unvested units.
Since shares are not issued until vesting, RSUs don't pay dividends. However, an employer may provide employees with dividend equivalent payments on unvested RSUs. These equivalents are typically held in an escrow account to pay for tax withholding or purchase additional shares.
If you worked for a publicly traded company and earned RSUs, there's very little to do ? once you leave the company, you keep all of your vested shares and your unvested RSUs get returned back to the company's stock option pool.
Restricted stock units are a form of stock-based employee compensation. RSUs are restricted during a vesting period that may last several years, during which time they cannot be sold. Once they are vested, RSUs can be sold or kept like any other shares of company stock.