18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock
District of Columbia Director stock program
Category:
State:
Multi-State
Control #:
US-CC-18-172
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Director Stock Program?
Choosing the right legitimate file template can be quite a have difficulties. Obviously, there are tons of templates available on the net, but how do you get the legitimate type you need? Take advantage of the US Legal Forms internet site. The service gives a huge number of templates, such as the District of Columbia Director stock program, that you can use for enterprise and personal demands. Each of the kinds are inspected by pros and satisfy state and federal demands.
When you are presently registered, log in in your bank account and click the Download switch to find the District of Columbia Director stock program. Utilize your bank account to look through the legitimate kinds you may have ordered formerly. Visit the My Forms tab of your respective bank account and have one more copy of your file you need.
When you are a whole new end user of US Legal Forms, listed here are straightforward guidelines so that you can comply with:
- Initial, be sure you have selected the correct type for your area/region. You may check out the form utilizing the Preview switch and browse the form description to make sure it is the best for you.
- In case the type fails to satisfy your preferences, utilize the Seach discipline to find the appropriate type.
- Once you are certain that the form is acceptable, click on the Acquire now switch to find the type.
- Choose the costs program you need and enter the essential information. Design your bank account and pay for the transaction using your PayPal bank account or bank card.
- Choose the file structure and down load the legitimate file template in your gadget.
- Complete, modify and produce and signal the received District of Columbia Director stock program.
US Legal Forms will be the largest local library of legitimate kinds for which you will find a variety of file templates. Take advantage of the service to down load skillfully-made documents that comply with express demands.
Form popularity
FAQ
Spriggs was confirmed as Director of the Department of Public Works (DPW) by the DC City Council on .
DC's 2023-2027 economic development strategy focuses on retaining and growing DC's tax base, supporting business vitality, strengthening neighborhoods, and supporting economic mobility of DC residents.
Munis can generally be classified into two camps?general obligation bonds and revenue bonds. General obligation, or GO, bonds are backed by the general revenue of the issuing municipality, while revenue bonds are supported by a specific revenue source, such as income from a toll road or sewer system.
DC's industrial revenue bond program (IRB) provides access to tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital by securing interest rates up to 4% lower than a traditional commercial loan.
Traditional Revenue Bonds. These also finance capital infrastructure projects, but are not supported by the General Fund. Rather, they are paid off from a designated revenue stream-usually generated by the projects they finance-such as bridge tolls, parking garage fees, or water contract payments.
A revenue bond repays creditors from income generated by the project that the bond itself is funding, such as a toll road or bridge. While a revenue bond is backed by a specific revenue stream, holders of GO bonds are relying on the full faith and credit of the issuing municipality.
100 percent employer funded: 5 percent of the base salary (5.5 percent for Corrections Officers) beginning the first pay period after one year of service. Must have one year of continuous service to participate; fully vested in the Defined Contribution Pension Plan after five years of continuous service.
Lease-revenue bonds are used in the state's capital outlay program to finance projects. The revenue stream paying the debt service on the bond is created from lease payments made by the occupying department to the governmental financing entity which constructs the facility or causes it to be constructed.